How did global markets start the day? Record after record!

International markets started the day with positive data. Despite the inflation data released in the US yesterday coming in higher than expected, the market expectation that the Fed will cut interest rates in June has positively influenced global markets.

In the US, the Consumer Price Index (CPI) rose by 0.4 percent on a monthly basis in February, in line with expectations, while it exceeded market forecasts with a 3.2 percent increase on an annual basis. Nevertheless, experts believe that the remarks made by Fed Chair Jerome Powell, stating that it is likely to begin interest rate cuts 'at some point this year,' have had a positive impact on investors.

Additionally, according to data released yesterday, core CPI also came in above market expectations at 0.4 percent monthly and 3.8 percent annually in February.

Following the inflation data, the probability of the Fed starting interest rate cuts is priced at 15 percent for May and 66 percent for June in money markets.

Analysts state that after consumer inflation, attention has turned to the Producer Price Index (PPI) to be announced in the country tomorrow and the Fed's monetary policy meeting next week, underlining that it is considered certain that the bank will keep the policy rate unchanged next week.

With these developments, following the auctions held by the US Treasury yesterday, the US 10-year bond yield rose by 6 basis points to 4.16 percent, while the price of gold per ounce, which had risen for 9 consecutive trading days, completed the day with a 1.1 percent decrease at 2,158 dollars.

The dollar index is currently at 102.9, rising above its previous close, while the barrel price of Brent crude oil is trading at 82.3 dollars, having risen following data indicating a decrease in US oil inventories.

In cryptocurrency markets, Bitcoin closed the day with a 1.5 percent decrease at 71,034 dollars after testing 73,000 dollars yesterday and refreshing its peak. Today, Bitcoin is trading at 72,100 dollars, a 1.5 percent increase compared to its previous close.

On the New York Stock Exchange yesterday, the S&P 500 index completed the day with a 1.12 percent increase at 5,175 points, reaching a record level, while the Nasdaq index rose by 1.54 percent and the Dow Jones index by 0.61 percent. Index futures in the US continue their rise today.

While a buying trend dominated European stock markets yesterday, markets turned their attention to the data to be announced in the UK today. According to data released yesterday, the unemployment rate in the UK rose from 3.8 percent to 3.9 percent in January. In the United Kingdom, Gross Domestic Product (GDP) is expected to record a 0.2 percent monthly increase and a 0.3 percent annual decrease in January.

On the other hand, inflation in Germany in February was 0.4 percent monthly and 2.5 percent annually, in line with expectations. Yesterday, the DAX 40 index in Germany completed the day with a 1.23 percent increase at 17,965 points.

The CAC 40 index in France completed the day with a 0.84 percent rise at 8,087 points, achieving its highest daily closing of all time. The FTSE 100 index in the UK gained 1.02 percent, and the MIB 30 index in Italy gained 1.31 percent. Index futures in Europe also started the new day with a positive trend.

In Japan, Toyota's acceptance of the labor union's wage increase demand supported expectations that the Bank of Japan (BoJ) is close to an interest rate hike. While this situation caused the Japanese yen to gain value against the dollar, it creates downward pressure on equity markets. The Dollar/Yen parity completed the day with a 0.5 percent increase at 147.7 yesterday following cautious statements by BoJ Governor Kazuo Ueda, while it stabilized at 147.5 with a 0.1 percent decrease today.

Near the close, the Nikkei 225 index in Japan and the Shanghai composite index in China lost 0.2 percent and 0.1 percent respectively, while the Hang Seng index in Hong Kong and the Kospi index in South Korea recorded a 0.4 percent increase.

DOLLAR/TL AT 32.09 LEVEL

In the domestic market, the BIST 100 index on Borsa Istanbul, which followed a selling trend yesterday, completed the day with a 0.69 percent loss at 9,069.03 points.

The Dollar/TL, after completing the day at 32.0681, 0.1 percent above its previous close, following an upward trend yesterday, is trading at 32.0910 at the opening of the interbank market today.

The data to be followed in the markets today are as follows:

10.00 UK, January GDP

10.00 UK, January industrial production

10.00 UK, January foreign trade balance

13.00 Eurozone, January industrial production