#CPIWatch
Inflation, CPI, and the stock market are the main topics of discussion on the global agenda today, with the release of US inflation data being the most significant development.
US Inflation Data
The market is awaiting the release of this data, which will be crucial in determining the direction of the global market.
If the inflation data comes in higher or lower than expected, it could lead to fluctuations in the stock market and exchange rates, as it will affect the Fed's future interest rate decisions.
* Expectations: Market expectations are for an annual CPI of around 2.6%.
* Previous Data: Last month, June, recorded an annual CPI of 2.4%. If the data is higher than expected, it could diminish the likelihood of a Fed rate cut and reduce global market risk appetite.
In the opposite scenario, expectations for a rate cut could strengthen, creating a positive atmosphere in the stock market.
Developments in the Stock Market and Other Markets
* Borsa Istanbul (BIST 100): The BIST 100 index started the day on a flat trend, with all eyes on US inflation data.
* Global Markets: European stock markets started the day positively after the US delayed its tariffs against China. However, US stock futures showed mixed trends ahead of the inflation data.
* Gold and Oil: Gold prices showed a slight increase, while Brent crude oil prices also rose following the news of the tariff delay.
The most crucial development today will definitely be the release of US inflation data. This data could trigger all other movements in the global markets.