Hopes revived in global markets
Different indicators of economic activity increased the appetite for risky assets in global markets.
On the day when domestic financial markets were closed due to a public holiday, the rise in US technology stocks and the US PMI data’s revival of hopes for Fed interest rate cuts had a positive impact on Asian stock markets.
MSCI Asia Pacific Index experienced the strongest daily rise in the last month with 1.7 percent. US and European futures indices are also on the rise. Oil prices remained strong as data showed that crude oil stocks in the United States were decreasing and developments followed the US Senate’s passage of a bill that includes new sanctions on Iran.
The US 10-year bond yield is slightly positive this morning, close to 4.62 percent, after finishing flat on Tuesday. Bloomberg Dollar Index, which decreased by 0.4 percent on Tuesday, is flat at 1,258 this morning.