Daily Bulletin

Good morning. Global markets are starting the new week on a flat note. We are in a period where geopolitical issues, particularly developments regarding the Russia-Ukraine war, dominate the global agenda. At the Munich Security Conference in Europe, messages from European and U.S. representatives once again highlighted not only differences of opinion beyond the Russia-Ukraine process but also a weakening of U.S. support for Europe. Markets have not yet shown a clear reaction to these developments; however, increasing geopolitical stress could weigh on global risk appetite in the future. As we begin the new week, we expect a rebound in Borsa Istanbul. We observe that capital inflows continue and momentum indicators are improving. In the BIST 100 index, resistance levels can be monitored at 9,950 and 10,000, while support levels stand at 9,850 and 9,720. Today's agenda is quiet. The week's schedule remains relatively calm until Friday, when PMI data from Europe and the U.S. will be in focus. Turkey’s CDS starts the day at 253 basis points. No transactions have taken place yet, but quotations show figures below 250 basis points.