Key Market Themes: Fed's Hawkish Stance, Tech Earnings, Middle East Tensions

The Fed appears to make hawkish statements for a while longer regarding its decision to cut interest rates, which it has a deferred approach.

While the balance sheets of major technology companies in the USA will be in the focus of investors this week, the growth data to be announced on Thursday and personal consumption expenditures to be announced on Friday will be followed as important data of the week.

With the effect of the decreasing tension in the Middle East, the barrel price of Brent oil decreased to 86 dollars and continues to be traded at 87 dollars, close to this price.

As for the ounce of gold, the sharpest withdrawal of the last period was close to 100 dollars in the last two days, while 2300 dollars of gold was tested.

ECB/Villeroy stated that the tensions in the Middle East had no effect on the interest rate cut, and this continues to keep expectations for a rate cut in June stable.

In the UK, the BoE stated that they would not be in a hurry to reduce interest rates and gave the message that steps would be taken according to the data to be announced. High interest rates have left home buyers facing the most difficult conditions of the last 70 years.

Following the rise in the USA led by Nasdaq, Asian indices followed a positive course led by the Hang Seng index.