Global Markets Are Focused on Tomorrow - Sözcü Newspaper
4 Articles
4 Articles
Although signals from US economic data are strengthening expectations that the Federal Reserve (Fed) will postpone interest rate hikes, global markets are showing mixed performance.
The US economy growing stronger than expected and core inflation remaining below forecasts are reshaping expectations regarding the Fed's interest rate policy, while high bond yields are suppressing risk appetite in global markets. The Istanbul Stock Exchange closed the day down 2.79 percent.
Although signals from US economic data are strengthening expectations that the Federal Reserve (Fed) will postpone interest rate hikes, global markets are showing mixed performance.
Growth and core inflation data in the US lowered the probability of a Fed rate hike in October from 70% to 38%. Despite this, bond yields and the dollar index rose; global markets were mixed, with declines in Europe and gains in Asia.
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