Daily Bulletin

Good morning. Although the Trump–Putin summit did not yield a concrete “ceasefire” or “lasting peace,” efforts to bring the Russia–Ukraine war to an end continue. Today, Ukrainian President Zelensky is expected to meet with European leaders in Washington, D.C., under U.S. auspices. While global markets monitor these developments, equities are starting the new week on a slightly optimistic note. On Friday, Borsa Istanbul found support at the 10,800 level and rebounded up to 10,870, with notable capital inflows, though the buying was not broad-based. This morning, in line with the positive sentiment abroad, we may also see a constructive start domestically. From a technical perspective, the BIST 100 Index faces resistance at the 11,000–11,100 range and at 11,250, while 10,800 and 10,500 remain key support levels. On today’s agenda, the Housing Price Index will be released domestically, the trade balance data will be monitored in Europe, and the New York Fed’s Services Activity Index will be published in the U.S. The meetings in Washington will also be closely watched by markets. Later in the week, attention will turn to macro data, particularly Thursday’s PMI releases in Europe and the U.S., as well as the start of the Jackson Hole Symposium on the same day. The event, attended by central bank governors and other key global policymakers, is expected to provide critical signals regarding the Federal Reserve’s rate path. Turkey’s 5-year CDS premiums opened the day at 270 basis points.