Daily Bulletin

Good morning. The Producer Price Index (PPI) data released in the U.S. yesterday came in below expectations; however, the upward revision of previous data led to selling pressure in the stock markets. Later on, some Democratic senators announced their support for the Republican budget bill, which prevents a federal government shutdown, bringing buying momentum to U.S. futures. In Europe, markets showed a mixed performance yesterday, while futures are positive this morning. In Asia, there is generally a positive outlook. Borsa Istanbul saw a nearly 1.4% increase and capital inflows yesterday, with continued foreign buying. As we mentioned yesterday, technical analysis of the BIST 100 suggests that formation and trend patterns bring the 11,250 all-time high and the 11,500 range into focus. The 10,200 / 10,300 zone can be monitored as the main support and stop-loss area in this short-term outlook. Today's agenda is relatively quiet, with no significant data releases in Turkey or Europe. In the U.S., the Michigan Consumer Sentiment Index will be watched. Turkey’s 5-year Credit Default Swaps (CDS) start the day at 262 basis points.