Daily Bulletin

Good morning. Tensions and the lack of reconciliation between the United States and Iran persist. The continued inability to initiate negotiations, the ongoing U.S. naval embargo, and interventions targeting Iranian-origin commercial vessels are keeping geopolitical risks elevated. As oil prices climb back toward the $100 level, U.S. and European futures, along with Asian markets, are broadly trading in negative territory. Global risk appetite, which remained weak yesterday while Borsa Istanbul was closed, continues to show a similar trend this morning. Accordingly, in the index, which declined by 0.3% to 14,335 on Wednesday, we may see a pullback today toward the 10-day exponential moving average at 14,150. The 14,000 and 13,850 levels can be monitored as subsequent supports, while resistance levels stand at 14,450 and 14,600. On Wednesday, the top positive contributors to the index were TUPRS, DSTKF, BIMAS, KTLEV, and KUYAS, while AKBNK, EREGL, ASTOR, THYAO, and SAHOL weighed on the index. Over the past week, notable inflows have been observed in ULKER, GEREL, EUREN, and CWENE. On today’s agenda, CBRT reserves and weekly foreign transactions will be followed domestically, with net and gross reserves estimated to have increased by nearly $4 billion. In the U.S., Michigan consumer sentiment indices will be monitored. Additionally, developments related to U.S.–Iran dynamics will remain in focus. Türkiye’s 5-year CDS premiums start the day at 238 basis points.