5 Important Points to Pay Attention to at Market Opening

Global Markets Agenda: Geopolitical Risks and Commodity Prices

As the week begins in global markets, geopolitical developments and fluctuations in commodity prices continue to take center stage. The withdrawal of U.S. President Trump's threat of tariffs against Europe has led to a recovery in stock indices. However, it is observed that uncertainties have not completely dissipated.

Developments Regarding the U.S. Economy

The risk of a federal government shutdown in the U.S. is rising, with this possibility exceeding 75%, causing concerns in the markets. The tense nature of budget negotiations is particularly focused around the expenses of the Department of Homeland Security. This situation creates significant uncertainty for investors.

Growth and Inflation Data

Macroeconomic data indicate that the U.S. economy's growth in the third quarter has been revised upwards and that core PCE inflation has declined. However, the Fed is not in a rush to lower interest rates, which is another important factor influencing investor expectations.

Gold and Other Precious Metals

On the commodity side, with geopolitical risks and the depreciation of the dollar, gold, silver, and platinum prices are moving towards testing historical highs. In particular, spot gold is struggling to surpass the $5,000 threshold. During this period, where the search for safe havens is increasing among investors, heightened volatility in these precious metals is expected.

Selectively Positioning in the Markets

The BIST 100 index is attempting to hold above the 13,000 level after the fluctuations following the Central Bank's interest rate cuts. However, it is assessed that an important technical process must be overcome to maintain this critical level. Especially with the beginning of the earnings season, stock-specific divergences may come to the forefront.

Points to Consider When Investing

Investors should adopt a cautious and data-driven approach in light of the current market dynamics. Inflation data from January and February will play a crucial role in determining the market's direction in the coming days.

In summary, the impact of geopolitical risks and macroeconomic data is more pronounced than ever in global markets. Investors should act carefully during this volatile period.