Increasing geopolitical risk impact on global markets
Meta's emphasis on the uncertain outlook has led to a pessimistic atmosphere dominating the corporate earnings season, while increasing geopolitical risks are reducing risk appetite. US indices closed Wednesday with sharp losses, while the Nasdaq 100 index fell by 2.4 percent. Futures indicate that the loss may continue. Nasdaq 100 futures are down 1.1 percent, while S&P 500 futures are down 0.7 percent. Asia Pacific indices are also affected by low risk appetite. Japanese indices are down more than 1 percent. South Korea's Kospi is down more than 2 percent. The MSCI Asia Pacific index is preparing for its steepest decline in the past week. Following the increase in geopolitical risks and the resumption of an upward trend in oil prices, the US 10-year bond yield is approaching 5 percent again, at 4.96 percent in the morning hours. The Bloomberg Dollar Index is up 0.2 percent at 1,279 points. The Dollar/TL was traded at 28.1457 in the morning hours. Low risk appetite is also pushing gold prices up. The ounce of gold found buyers at $1,988, rising by 0.5 percent in the spot market.