Daily Bulletin

Good morning. Announcements made within a two-hour interval by both Iran and Israel regarding the suspension of hostilities provided a modest boost to global market sentiment. Front-month Brent crude oil prices retreated to $92 per barrel; however, a clear risk-on appetite has yet to emerge across global equity markets. U.S. futures are trading modestly higher this morning, while European futures remain slightly in negative territory. Asian markets are showing a mixed performance. On Borsa Istanbul, the index started yesterday’s session by briefly slipping below the 13,600 level before staging a recovery toward 13,900. In this respect, the market tested the support level around 13,600 and subsequently moved toward the resistance area near 13,900, both of which we highlighted in yesterday’s commentary. Continued fund inflows and foreign investor buying remain noteworthy. We can also point to an improvement in intraday momentum. We expect the ongoing rebound attempt to continue today. From a technical perspective, the 14,100–14,200 range stands out as a critical resistance zone. The top five contributors to yesterday’s index performance were DSTKF, AKBNK, ASELS, ISCTR, and KTLEV, while ASTOR, MAGEN, TUPRS, KLRHO, and CWENE exerted the largest negative impact on the index. Over the past week, SAHOL, ALARK, and ISDMR have stood out due to consistent capital inflows. On today’s economic calendar, domestic Treasury auctions will be monitored, while in the United States, foreign trade data, existing home sales, and wholesale inventories will be in focus. Finally, Türkiye’s 5-year CDS premium starts the day at 242 basis points.