Global Markets Experience Sharp Swings in Stocks and Gold

Busy Days in the Markets

The market in the United States briefly reached record levels, particularly causing anxiety in Europe after disappointing earnings reports from major companies like Microsoft and SAP. While commodities and currencies showed a highly volatile trend, the resurfacing concerns about inflation in the US are noteworthy.

Microsoft's Results Negative Impact on the Market

The cold reception of Microsoft's earnings results led to sharp declines in the stock market. Following a lively performance at the beginning of the year, precious metals faced profit-taking and manipulation. The Fed's recent monetary policy meeting maintained the status quo, capturing investors' attention. The newly appointed Kevin Warsh to the Fed chair is interpreted by the market as unlikely to show an overly dovish approach. With increasing speculation about the future of interest rates, investors expect at least two rate cuts by 2026.

The Strength of the Dollar and its Impact on Precious Metals

Warsh's financial policies support the dollar, making metals more expensive for investors using other currencies, thereby exerting pressure on prices. While the dollar's positive response to the appointment led long-term interest rates to slightly ease, the 10-year US Treasury yield continues to remain above %4.20.

Fluctuations in the Oil Market

Brent oil closed strongly in January, briefly surpassing the threshold of $70 to reach one of its highest levels. The deteriorating relations between the US and Iran created anxiety among investors. However, after Donald Trump's statements regarding "serious negotiations" with Iran, oil prices dropped by %4.

Stock and Commodity Volatility

Contradictory statements from the Trump administration have increased unease about the dollar, creating an environment negatively affecting investors' sentiments. Ongoing discussions about corporate earnings and uncertainties around investments in artificial intelligence are causing significant fluctuations in technology stocks. This week, companies like Palantir, Walt Disney, AMD, and Amazon will be closely monitored by investors.