Daily Bulletin

Good morning. Global markets are starting the new week on a positive note. U.S. markets will remain closed today, while European futures are in positive territory, and Asian markets are generally trading higher. On Friday, Borsa Istanbul saw movement toward the psychological resistance level of 10,000. We anticipate that the positive momentum will continue today and throughout the week, with a potential push toward the 10,150–10,300 resistance zone. Technical indicators show improvement, particularly in short-term and higher-frequency signals, where we are starting to observe positive trends. Inflows of capital and increased trading volumes also support this outlook. The macroeconomic data calendar for the day is relatively quiet. In the U.S., Donald Trump is expected to take the oath of office and assume the presidency at 8:00 PM Turkish time. Although concerns about policies to be implemented during the Trump administration persist, we are not currently seeing any pressure from these concerns. Later in the week, especially toward the weekend, growth-focused data from the U.S. and Europe will be closely monitored. In Turkey, key events to watch include the CBRT Monetary Policy Committee (MPC) interest rate decision and Moody’s announcement regarding Turkey’s credit rating. We expect a 250 basis point interest rate cut from the MPC and a credit rating upgrade from Moody’s. Turkey's 5-year CDS premiums started the day at 272 basis points.