Daily Bulettin

Good morning. As geopolitical tensions continue to ease, buying interest in U.S. technology stocks drove gains of up to 2% yesterday. Despite the improved risk sentiment, expectations regarding the Fed's interest rate outlook remain in focus, while institutions such as Bank of America continue to warn that U.S. equity markets could face corrections of as much as 8%. Looking at this morning's markets, U.S. and European futures are trading in positive territory, while Asian markets present a mixed but broadly constructive picture. Borsa Istanbul closed yesterday down 0.6% at 14,183 points. However, it is worth noting that XU030 futures attracted notable buying interest during the evening session on VIOP. The top five contributors to the BIST 100 Index yesterday were DSTKF, RALYH, CCOLA, BRSAN, and KTLEV. On the downside, ASTOR, ASELS, EREGL, BIMAS, and PASEU were the largest negative contributors. Over the past week, THYAO, ALARK, DOFRB, AEFES, GLCVY, and INDES have stood out with consistent fund inflows. For today, we expect Borsa Istanbul to open on a positive note, in line with the constructive global market backdrop. From a technical perspective, 14,250 and 14,400 are being monitored as key resistance levels, while 14,100 stands out as the primary support level. We would also like to highlight that today marks the final trading day for the June-dated VIOP futures contracts, and the unwinding of arbitrage positions could generate some short-term pressure on the market. In addition, investors will be monitoring five separate IPOs this week, with a combined offering size of approximately TRY 12.2 billion. On today's economic calendar, domestic data releases include the unemployment rate and foreign trade balance. In the U.S., investors will follow house price data, the Chicago PMI, consumer confidence indicators, and the JOLTS job openings report. Türkiye's five-year CDS premium starts the day at 221 basis points.