Markets are on hold the third quarter growth data from the USA
“US stock markets, which closed yesterday with an exit, and crypto money markets, which closed yesterday with a horizontal course, are waiting for the 3rd quarter growth data from the USA today.
On the third day of the week in the crypto money markets, there was a horizontal movement. Bitcoin, which was rejected at $ 17,000, is priced at $ 16,800 in the morning today. Ethereum is also finding buyers in the $1210 region. If we look at the global stock markets, the US stock markets, which ended the four-day declining streak on Tuesday and closed relatively horizontally, closed the day with gains of over 1.5% after a week with strong purchases yesterday. The higher-than-expected profits of companies such as Nike and FedEx were effective in this rise, as the Conference Board consumer confidence index, which was highly anticipated yesterday, was announced as 108 against the expectations of 101, reaching the highest level of the last eight months.
Markets are on hold the third quarter growth data from the USA
In addition, the unexpected yield curve and bond buying program decision of the Bank of Japan and the Covid concerns from China caused the Asian side to be priced with sellers for 5 days. With the support from the global markets, reaction purchases came to the Asian markets after 5 days yesterday and the stocks closed the day positively. The relaxation in the Dollar Index continues. Moving at 103.8 levels, the Dollar Index is at its lowest level since August.
Today, the CBRT's interest rate decision will be followed domestically. The policy rate is expected to remain constant at 9%. Abroad, the US 3rd quarter growth will be in the attention of the markets. The expectation is for an annual growth figure of 2.9%. The figures announced seriously above or below the expectations may increase the volatility in the markets.
