The search for direction in global markets continues

Developments regarding technology companies continue to be decisive on the direction of global markets.

Optimism for technology companies increased at the beginning of the week when Anthropic, the developer of Claude artificial intelligence models, filed a registration statement with the US Securities and Exchange Commission (SEC) with the aim of offering its shares to the public.

However, the mixed signals coming from the balance sheets announced by US technology companies later increased the question marks regarding the return of artificial intelligence investments to profitability.

With this development, a mixed trend was observed in global markets.

The focus of the markets this week was the interest rate decision of the US Federal Reserve (Fed).

The Fed kept the policy rate constant at 3.75-4 percent, in line with expectations. US Federal Reserve (Fed) President Kevin Warsh stated that they decided to change the meeting calendar starting next autumn, and that 1 of the 8 meetings to be held next year will focus on the general monetary policy strategy, and that a vote on the interest rate decision or a policy statement is not expected to be issued at this meeting.

Fed President Warsh refrained from giving guidance for the next period. Pointing out that Americans have been facing inflation that has been above the Fed's target for about 6 years, Warsh said, "It is our responsibility to reduce inflation." he said.

On the other hand, macroeconomic data announced in the USA were also followed closely this week. The US economy grew above expectations with 3.4 percent in the third quarter of this year. The core personal consumption expenditures price index, which the Fed closely monitors as an inflation indicator and excludes food and energy items, increased by 0.3 percent on a monthly basis and 3.1 percent on an annual basis in September, in line with expectations.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)