Daily Bulletin

Good morning. The reopening of the U.S. government after 42 days of closure is driving gains across global equity markets. The resumption of macroeconomic data releases is expected to strengthen expectations for a potential rate cut from the Federal Reserve. As a result, optimism appears to be persisting. Looking at this morning’s session, U.S. and European futures, along with Asian markets, are generally trading higher. The BIST 100 Index rose 0.61% yesterday, with the top positive contributors being KOZAL, BIMAS, ASELS, TUPRS, and TCELL, while the main laggards were THYAO, BRSAN, BRYAT, KTLEV, and CANTE. Over the past week, companies such as GARAN, ULKER, and BIMAS have drawn attention with consistent capital inflows. In the short term, the 10,700–10,800 range is viewed as the first resistance zone for the BIST 100 Index. Provided that non-economic developments do not disrupt momentum, we expect the index to surpass this resistance band and retest levels above 11,000. The 10,400–10,500 range, on the other hand, is seen as the initial support zone. Today’s agenda includes domestic housing sales data, weekly foreign transactions, and reserve figures, while abroad, the focus will be on European industrial production and U.S. CPI data. Turkey’s five-year CDS premiums start the day at 243 basis points.