Daily Bulletin

Good morning. US–Iran negotiations are ongoing. Although statements at times suggest the talks have reached a bottleneck, the latest comments indicate that technical discussions will continue in Vienna next week. Accordingly, the risk of a military intervention over the weekend appears to have eased somewhat. Despite Nvidia’s strong results, its guidance for the period ahead has been viewed as weak, keeping selling pressure on US equities. US index futures are negative this morning, European futures are flat, while Asian markets are mixed. The BIST 100 Index rose 0.5% yesterday to 13,878 points. The top five contributors to the upside were DSTKF, ASELS, THYAO, YKBNK, and GARAN, while the biggest drags were KLRHO, BIMAS, ASTOR, TUPRS, and MPARK. Stocks that have drawn attention with steady inflows over the past week include EREGL, ISCTR, GARAN, AKBNK, YKBNK, TRALT, GUBRF, and CWENE. From a technical perspective, 13,700 and 13,400 can be monitored as support levels, while 14,000/14,200 and 14,450/14,550 stand out as resistance zones. On today’s agenda, the domestic unemployment rate will be watched, along with inflation expectations in Europe and PPI data in the US. Turkey’s 5-year CDS spreads start the day at 230 bps.