Markets return in the second week of May / Slight growth of all markets
According to Tejarat News, Market returns in the second week of MayShows that each of the four financial markets has grown below one percent.
The price of the dollar
The price of the dollar This week, it grew by 0.78%.
National Exchange, On Thursday, May 6, announced the selling price of the dollar at 25,709 Tomans. This is while this figure was recorded on Thursday, May 28, 25,509 Tomans.
The dollar in the open market started last week in the channel of 28,000 Tomans and by the end of this week, despite two days off, it was fluctuating in the same channel and was somewhat increasing.
gold price
The return of the gold market in the second week of May 1401 was accompanied by a growth of 0.89%. This was more positive returns among the markets. This is while gold had a negative return in the first week of May.
gold price Yesterday, one million 305 thousand 225 tomans were announced. While the market reached the price of 1,293,683 tomans on May 28th.
The gold market last week fluctuated between one million and 200 thousand to more than one million and 300 thousand tomans, but ended the week in a higher channel.
Prices for coins
Coin market buyers also experienced a slight increase in prices in the second week of May. During this period, the yield for the new design coin was 0.38%.
Prices for coins Yesterday, 13 million and 200 thousand tomans were announced, but last week it had reached 13 million and 150 thousand tomans.
Exchange
In another aspect of Market returns in the second week of MayOverall Index Exchange grow up. The capital market ended last week at the level of 1,529,717 units.
Meanwhile, the total index of the stock exchange had reached about 1,521,423 units on Wednesday, May 27th. These figures mean a growth of 0.55% of the total index.
Amir Topchipour, a capital market expert in the weekly stock market forecast, told Tejaratnews: “The capital market has not had many ups and downs in the past week.” Most large market stocks these days have a neutral trend. It seems that they have entered a time correction and the market growth has continued from March of last year until recently. Also, in the current situation, even a short break for stocks can be normal.
Different signals for markets
According to Tejarat News, financial markets have been affected recently Vienna talks Were located.
Nuclear talks stalled in the last month of last year. Both sides emphasize that a large part of the agreement has been reached, but a few basic and important issues remain.
Yesterday, the US Senate passed a non-binding but anti-Iranian bill that could send a negative message to the talks. According to reports IRNA The plan was approved with the aim of preventing the lifting of sanctions against the Islamic Revolutionary Guard Corps in the event of the return of Joe Biden’s government to Borjam.
The prices of dollars, gold and coins rose on the day of this news.
US readiness for both the possibility of winning and losing negotiations
On the other hand ایسنا “The United States is equally preparing for two scenarios, one of which is to reach an agreement with Iran,” State Department spokesman Ned Price was quoted as saying at a news conference Wednesday evening, according to Reuters. There is a return to mutual adherence to Barjam and no agreement can be reached in another.
He continued: “Since a return to mutual commitment to Borjam is a very uncertain possibility, we are now preparing equally for both scenarios.”
Negotiations are not on the verge of failure
At the same time, نورنیوز In an analytical report on Tuesday, he stressed that although the stalemate in the talks has no effect on the current situation in Iran in various political, economic and social dimensions, so far none of the negotiating parties has concluded that the talks are on the verge of failure.
The media, meanwhile, added: “The reality is that unresolved issues are not just about not lifting IRGC sanctions, and there are other issues that the United States is stubbornly refusing to resolve.”
New statistics on liquidity and monetary base
Regardless of the news of the talks, the growth of liquidity in the country continues at a rapid pace. The Central Bank has published an analysis of macroeconomic developments in Esfand 1400. According to the report, liquidity growth in the last month of last year, Record Has broken 12 months.
However, the growth rate of the monetary base in 1400 declined, so that the 12-month growth of the monetary base increased from 42.1% in August to 31.4% at the end of March.
Some financial experts believe that the growth of liquidity, in a situation where the government has no plans to guide it and suppresses prices in various markets. It can be dangerous. In such cases, individuals may keep their capital in the form of money in the bank or liquidity and not enter it into the capital markets. This increases inflation.
On the other hand, some experts emphasize that this year no market, not even housing, will give people as much return as bank interest rates.
Banning banks from entering the dollar, gold, coin and housing markets
Last week, another piece of news was released that could send signals to markets.
The Ministry of Economic Affairs and Finance unveiled a package of “banking sector strategies and policies” package, banning banks from investing in dollars, gold, coins, real estate.
This package obliges banks to direct their resources to productive, profitable, value-creating, and knowledge-based activities rather than investing in markets.
According to reports IRNABanks have been barred from investing in foreign currency, gold, coins, real estate for the past decade, especially in recent years, by taking people’s deposits at competitive rates and outside the rules of the Credit Council, using resources in foreign exchange markets. , Invested in gold and housing.
Impact of rising US interest rates on the gold market
Internationally, the unprecedented rise in US interest rates could send a message to the gold market. The US Federal Reserve announced last night that it had raised interest rates by 0.5 percent to control inflation. This is the first time in 22 years that the US Federal Reserve has changed interest rates so much.
In addition to raising interest rates, the head of the US Federal Reserve also announced a plan to reduce the monetary base. These two measures mean that the United States wants to pursue contractionary policies to control inflation.
The downward trend in world gold prices started this morning. The world price of gold fell to 1863 dollars and 80 cents on Wednesday, May 5th. The fall in gold prices came as gold prices rose slightly yesterday. But the market was waiting for the announcement of interest rates, so the gold market reacted to the increase a few hours before the announcement.
On Thursday, the price of an ounce also fluctuated and decreased or increased at times.
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