Daily Bulletin

Good morning. Renewed threats and warnings from the United States toward Iran are pushing oil prices higher while weighing on global equity markets. On Friday, U.S. and European indices recorded losses ranging between 1% and 2%, while futures contracts are starting the new week with additional declines close to 1%. The overall sentiment across Asian markets also remains negative. Borsa Istanbul is similarly coming under pressure from the deteriorating global risk appetite. The BIST 100 Index declined by 1.9% on Friday to close at 14,367 points. The stocks providing the strongest positive contribution to the index were TUPRS, TRALT, DSTKF, BSOKE, and FENER, while BIMAS, AKBNK, ASTOR, TCELL, and THYAO weighed most heavily on the index. Companies attracting notable and consistent fund inflows over the past week included ASTOR, SAHOL, IZENR, YEOTK, OBAMS, KARSN, and DCTTR. From a technical perspective, the index falling below the 14,600 level has opened room for a pullback toward the 14,200 / 14,250 range. This zone is likely to be tested today. In the event of a downside break, the next support levels may emerge around 14,000 followed by 13,700. On the upside, in the case of a potential rebound, the 14,450 / 14,550 band will be monitored as the first key resistance area. On today’s domestic agenda, Treasury auctions, consumer confidence data, and labor market statistics will be released. The macroeconomic calendar in Europe and the U.S. remains relatively calm, although geopolitical developments are expected to stay at the forefront of market pricing. Türkiye’s 5-year CDS premiums are starting the day at 241 basis points.