What to expect in markets this week? A quick overview
The echoes of President Powell's statements continue in the markets, which had a hectic week. In the new week, the markets are waiting for the growth data and unemployment benefits from the USA.
We have left behind a week of intense data flow that directly affects the markets. The influence of Fed Chairman Powell's discourse continues in the crypto money markets. The expectations of the leading PMI data for December announced in the US on Friday and the fact that it was below last month continued to increase the recession concerns. US stock indices, on the other hand, finished the last trading day of the week with a decline. The dollar index, on the other hand, started to show activity at 104.39 levels with minor pullbacks.
What to expect in markets this week? A quick overview
In the Eurozone, December PMI leading data, led by Germany, exceeded market expectations and the previous month's data, but remained below the 50 threshold. The manufacturing industry PMI index rose from 47.1 to 47.8, while the services index rose from 48.5 to 49.1. After the data, it is evaluated that the recession in the regional economy may be more moderate. On the other hand, Eurozone stock indices, the hawkish stance of the ECB (European Central Bank) and the fact that the final inflation data for November was higher than the previous month, spoiled the pricing. The price of gold, on the other hand, increased by 0.9% to $1793/ounce after the US PMI data. The important developments of this week, the US growth data to be announced on Thursday and the application numbers for unemployment benefits will be announced.
