Daily Bulletin

Good morning. Following the inflation data and wage growth slowing down in the U.S., along with generally positive bank earnings, strong gains were observed. We see that European and Asian markets have also followed this trend. However, at Borsa Istanbul, the weakening expectations for a rapid rate-cutting cycle by the Monetary Policy Committee (PPK) have prevented BIST companies from keeping up with global markets. Despite this, due to the accelerated buying observed abroad during yesterday’s evening hours when our market was closed, we anticipate a strong market performance domestically today. For the BIST 100 index, we find the 9,850 resistance level critical, and we are in a period where we could see momentum gains up to the 10,000 level. On the support side, 9,650 and 9,500 can be monitored. On today’s agenda, in addition to the ongoing economic management meetings in London, we will follow the Central Bank of Turkey’s (CBRT) announcements on reserves and weekly foreign transactions. In the U.S., retail sales and weekly unemployment claims will be watched closely. Turkey’s 5-year CDS premiums start the day at 269 basis points.