Daily Bulletin

Good morning. U.S. core personal consumption expenditures came in significantly below expectations, while expectations of a rate hike by the Fed at its October meeting also declined. With oil prices also retreating somewhat, U.S. futures and Asian markets are in positive territory this morning. In Europe, however, budget concerns are bringing selling pressure to the region's stock markets. Domestically, the CMB's latest decisions have paved the way for payments of TL 1 million and below to be made to investors of some funds in the liquidation process. In addition, funds outside the liquidation process will be able to trade on TEFAS again. These are positive developments, but pressure on the equity positions subject to liquidation will continue. The BIST 100 Index fell by 2.8% yesterday to 11,947 points, while the companies contributing to the index were MPARK, TRMET, GRSEL, ALTNY, BERA; those negatively impacting the index were ASTOR, AKBNK, YKBNK, ISCTR, THYAO. Companies standing out with regular money inflows over the past week are BIMAS, KCHOL, HALKB, ENERY, HRKET, AHGAZ. We would also like to remind you that, as of today, the BIST 30, BIST 50 and BIST 100 indices will trade with their updated constituent lists. 1 company changes in the BIST 30 index, 6 companies in the BIST 50 index and 27 companies in the BIST 100 index, and we think the indices will attain a healthier structure. From a technical perspective, according to both TL- and USD-based charts, the 11,500 support is critical for the BIST 100 index. The first resistance is 12,260. On today's agenda, PMI data at home and abroad will be monitored, as well as reserves and foreign transactions domestically. In the U.S., weekly jobless claims and speeches by 6 different Fed officials will be followed. Turkey's 5-year CDS premium starts the day at 247 basis points.