Daily Bulletin

Good morning. Global risk appetite remains balanced, while domestic market pressures are expected to weigh on BIST, leading to a notably weak opening. In the short term, in a potentially high-volatility environment, risks should be kept low, and a defensive stance should be maintained. Limited participation in intraday reactions can be attempted; however, leverage should not be used in these positions. From a medium- to long-term perspective, since we do not expect companies' operations, financial performance, or valuations to be affected by this volatile environment, positions can be maintained. There is no increase in 5-year CDS premiums, one of the risk indicators for TL assets, compared to yesterday, with New York, Tokyo, and London quotations averaging 256 basis points this morning. Exchange rates, Eurobonds, and other financial indicators are also generally stable. The key technical support zone to watch in Borsa Istanbul is the 10,200 / 10,300 range. On today's agenda, inflation data in Europe and the Fed interest rate decision in the U.S. will be followed. We do not expect any interest rate change from the Fed.