US inflation figures will be officially announced at 15:30 Turkish time. Let’s examine the latest situation in the stock, bond, gold and Bitcoin markets together as investors wait for the 3.1% CPI expectation, which was announced on Monday, to watch in reality:
European Indices Rising!
European stock indices, which opened earlier than the USA, continue the day positively. Since the beginning of the day, the German stock index DAX has gained 0.80%, while the French index CAC 40 has gained 0.70%. While most stock metrics in the region rose, the UK stock market FTSE 100 stood out with 1.08% gain.
The report of the BoE, the Bank of England, published today and the statements of President Bailey, led to an increased interest in banks operating in the island country. British stocks took a step forward compared to their competitors with the positive arguments presented by the BoE to the market.
BIST 100 Interrupted Rally!
European markets remained optimistic in the face of the US inflation expectation, but Borsa Istanbul went down. The BIST 100 index is currently hovering at 6,313 points. The index has lost 0.8% since the beginning of the day.
If Borsa Istanbul index ends the day like this, it will close below -0.5% for the first time after 20 days.
US Futures Calm, Bond Rates Falling!
Counting the hours for US inflation figures, futures markets in America are calmer compared to Europe. Gains were limited in the Nasdaq, Dow Jones and S&P 500 indices. But the drop in bond yields explains that players remain optimistic about inflation.
The US 10-year government bond, which rose to 4.08% last week, is currently offering a 3.95% return to its investors.
Limited Movement in Bitcoin and Gold
Despite the decline in bonds, there was no significant movement in ounce gold and Bitcoin. An ounce of gold is currently trading at $1,934 with a daily return of 0.08%.
The leading cryptocurrency Bitcoin, on the other hand, continues its horizontal price movement for weeks. Despite the optimistic expectation of inflation, BTC has gained only 0.23% since the beginning of the day. The largest of the cryptocurrencies is currently finding buyers with a tag of $ 30,700.
Famous investor Robert Kiyosaki made an important target prediction for Bitcoin the other day.
US inflation data, followed closely by investors, will be announced at 15.30 Turkish time.
For the continuation of the article, the Latest Situation in the Pre-Inflationary Markets in the USA