Daily Bulletin

Good morning. Following the downing of an Apache helicopter belonging to the United States, tensions between the U.S. and Iran are escalating again. Initially, the U.S. struck certain Iranian targets, after which reports emerged of Iranian attacks on U.S. bases located in three different countries in the region. In this context, oil prices have shown a mild upward bias; however, increased vessel traffic in the Strait of Hormuz is partially offsetting price pressures. Active Brent crude oil contracts, which had fallen to $89 yesterday, climbed to $92 following the attack news. This morning, trading is once again taking place in the $90–91 range. U.S. and European futures, along with Asian equity markets, are starting the day on a weak footing. In Borsa İstanbul, despite testing the 13,900 resistance level yesterday, the index closed the day at 13,741 points with a 0.86% decline due to selling pressure in the afternoon session. The top five positive contributors to the index were DSTKF, BIMAS, YKBNK, RALYH, and PASEU, while ASELS, TUPRS, ASTOR, MAGEN, and KCHOL had the most negative impact. Stocks that have attracted consistent inflows over the past week include GESAN, THYAO, AKBNK, YKBNK, EREGL, SAHOL, and DOAS. A weak opening is expected this morning, largely in line with external markets. From a technical perspective, the 13,600 / 13,660 range remains a key support zone, while 13,900 and the 14,100 / 14,200 band are being monitored as resistance areas. On the agenda today, U.S. CPI data will be closely watched. Annual inflation is expected to rise from 3.8% to 4.2%. Tomorrow, U.S. PPI data along with interest rate decisions from the Fed and ECB will be in focus. Lastly, Türkiye’s 5-year CDS spreads are starting the day at 239 basis points.