As the name "Taylor" comes forward for the Fed's presidency, the ten-year US bond yield increases, up by 1.75% to 2.448%. Parallel to this incline, the US dollar index continues to its up move trend by increasing 0.15% to 93.91$.
The main indexes aim for the peaks as the profits of the companies and the US data announced better than expected. Dow Jones Industrial Average closed 0.72% up, which is followed by S&P 500 by 0.16%, Nasdaq by 0.18% and NYSE 0.44%. Investors should be careful to the earnings reports as the indexes keep going to the higher levels.
EUR/USD keeps increasing due the ECB announcement gets closer (tomorrow). A cut into half in the "bond buying" program is expected to be asserted by Mario Draghi. Therefore, no significant moves will be seen in EUR/USD and STOXX 600, which lost value by 0.36% to 389.33 Euros.
Asian markets managed to close the day in the green area where TOPIX and Nikkei 225 declined by 0.31% and 0.45%.
Positive sentiment took place in the Turkish markets despite increasing USD/TRY and EUR/TRY. However, bond issuance of the Turkish Treasury did not see much demand yesterday, which raised the two-year rate to 12.17%.
The overall depreciation of the Turkish lira and increase in the two-year bonds' rates implies heightened risks in the Turkish economy.
On the other hand, visa crisis and allegations about the probe into Turkish banks increase the tension for politics and economy.