Daily Bulletin

Good morning. Although former U.S. President Trump's messages about imposing a 25% tariff on steel and aluminum imports have caused some concern, global markets are starting the new week on a positive note. After Friday’s employment and wage data led to sell-offs in the U.S., both U.S. and European futures, as well as Asian markets, have begun the new week with gains. On Friday, Borsa Istanbul saw a strong inflow of over 2 billion TL from active institutions, continuing its upward trend. We anticipate that this momentum will persist at the beginning of the new week, with the BIST 100 index aiming above 10,000. The key resistance range to watch for the BIST 100 index is between 10,200 and 10,300, while the support levels stand at 9,800 and 9,620. On today’s agenda, domestic data releases include December industrial production, the unemployment rate, and Treasury auctions. The December industrial production data will provide crucial insights into GDP growth for the fourth quarter. Apart from this, the day’s agenda remains relatively calm, while later in the week, U.S. inflation data and European growth figures will be in focus. Turkey’s 5-year credit default swap (CDS) premiums start the day at 254 basis points.