Daily Bulletin

Good morning. We are starting the day on April 2, when the United States is set to announce its long-anticipated reciprocal tariff measures, a key focus for global markets. Ahead of this significant agenda, U.S. stock markets saw a rebound driven by bargain hunting, while European markets maintained a more positive trajectory. In summary, during the period when Borsa Istanbul remained closed, international markets stayed slightly on the positive side. Domestically, non-economic agenda items continue to dominate, which is expected to sustain periodic pressures and high volatility on Borsa Istanbul. In such periods, we reiterate the importance of limiting short-term market risks. However, in the medium-to-long term, index targets pointing above 14,000 remain intact. For the BIST 100 Index (XU100), resistance levels are observed at 9,850, 10,000, and 10,200, while support levels can be monitored at 9,420, 9,250, and 9,100. On today's economic agenda, Turkey's March PMI data will be released. In Europe, the schedule is relatively quiet, while in the U.S., key data points include private sector employment growth, durable goods orders, and factory orders. Later this week, domestic inflation data will be closely monitored, alongside crucial U.S. indicators such as non-farm payrolls, the unemployment rate, and average hourly earnings. Turkey’s 5-year CDS premiums start the day at 319 basis points.