Daily Bulletin

Good morning. Global markets are off to a mixed start this week. U.S. futures are in negative territory, while European futures are on the positive side. In Asia, weak Chinese data is weighing on Shanghai and Hong Kong, leading to sell-offs, while the rest of the Asian markets are trading higher. Borsa Istanbul closed a strong week by climbing to its highest level in the past seven months. With strong capital inflows, increasing trading volumes, and buy signals from technical indicators, we expect the positive trend in BIST to continue. For the BIST 100 index, resistance levels can be monitored at 10,820 and 11,000, while support zones are at 10,420 and 10,200/10,300. Although both technical and fundamental outlooks remain positive, we should be cautious about potential profit-taking after a nearly 12% rebound in the past two weeks. Therefore, it is essential to track index and stock-based support levels closely. On today’s agenda, domestic data releases include January industrial production figures, Treasury auctions, and a Presidential Cabinet meeting. Externally, the agenda is relatively calm. A reminder that the U.S. switched to daylight saving time over the weekend, meaning Wall Street markets will now open at 16:30 Turkish time (TSI). Key U.S. data will predominantly be released at 15:30 TSI starting this week, with U.S. inflation figures standing out as a highlight. Meanwhile, Turkey’s 5-year credit default swaps (CDS) start the day at 258 basis points.