Daily Bulletin

Günaydın. Metninizin profesyonel finans jargonuna uygun, akıcı İngilizce çevirisi şu şekildedir: Good morning. A memorandum of understanding has been signed between the US and Iran. Technical talks are expected to begin this week, followed by the official signing ceremony on Friday, leading into an anticipated negotiation process of nearly two months. Clearing the Strait of Hormuz of mines and fully restoring ship transits will likely take some time. Active Brent crude oil prices, which retreated to as low as $82 yesterday, are still hovering around the $82 level this morning. As the easing of oil prices lost momentum, equity markets are also displaying a flat outlook. US and European futures are flat, while Asian markets are mixed but generally in good spirits. Driven by high capital inflows and foreign buying yesterday, Borsa Istanbul tested our target zone of 14,450 / 14,650 and closed at the 14,446 level, up 3.6%. The top five companies contributing most positively to the index were DSTKF, THYAO, BIMAS, AKBNK, and ASTOR, while TUPRS, PASEU, KUYAS, ENERY, and TKFEN had a negative impact. Companies drawing attention with steady capital inflows over the past week include AKBNK, SAHOL, MGROS, THYAO, TCELL, FROTO, SISE, YKBNK, EKGYO, and SASA. Today, in parallel with the loss of momentum abroad, we expect a slowdown in BIST as well. In the event of a potential profit-taking, the 14,250 support level should be monitored; below this level, the gap formed yesterday poses a risk, making the 13,900 / 14,000 zone the next support area. Above 14,650, the resistance levels at 14,900 and 15,200 should be watched. On today’s agenda, domestic retail sales and house prices will be monitored, while housing sector data and activity indices will be followed in the US. Lastly, Turkey's 5-year CDS premiums are starting the day at 219 basis points.