Daily Bulletin

Good morning. News that U.S.-Iran tensions could escalate again and the rise in oil prices, the 10-year U.S. Treasury yield holding around 5.30% following the Fed minutes, the negative outlook in recent reports on technology companies, and the failure to bring budget concerns under control in Europe, particularly in France, are bringing selling to global equity markets. U.S. and European futures and Asian markets are in negative territory this morning. In Borsa Istanbul, pressure continues both due to external influences and due to potential selling domestically from funds under liquidation. According to the information provided by Vice President Cevdet Yilmaz at the Turkish Grand National Assembly yesterday, payments of up to TL1 million are expected to be made today to 43,643 investors from 17 funds. The final liquidation process, however, may extend over 5-6 months. While the BIST 100 Index fell 2% to 12,122 points yesterday, the companies contributing to the index were TURSG, ISCTR, TKFEN, ENJSA, TUPRS, while those with a negative impact on the index were ASELS, BIMAS, ASTOR, THYAO, KCHOL. Companies standing out with steady fund inflows over the past week were YKBNK, TABGD, GLYHO, ISGYO. From a technical perspective, the 11,900 / 12,000 area can be monitored as the first support zone in the BIST 100 index, but the index may dip below this support zone due to liquidation sales. Resistances, on the other hand, are at 12,170 and the 12,300 / 12,400 area. On today's agenda, reserves and weekly foreign transactions will be monitored domestically. In the U.S., jobless claims will be followed. Turkey's 5-year CDS premium starts the day at 250 basis points.