Daily Bulletin
Tacirler Investment
Good morning. Global markets are making an optimistic start to the new week. Following the sharp selling on Friday, particularly in the U.S., U.S. and European futures and Asian markets are generally positive this morning. The decline in oil prices and active Brent crude oil prices easing below USD 100 are having an impact. In addition, let us note that the midterm elections expected to take place in the U.S. tomorrow are also on the markets' radar. In Borsa Istanbul, on the other hand, we saw sharp selling on Friday. The BIST 100 Index fell 3.6% to 10,759 points on Friday, testing for the second time the midpoint of the 10,500 / 11,000 band, which we have been sharing as the technical target zone for some time. The search for a rebound in global markets may create limited support domestically, but the 11,000 / 11,250 area needs to be exceeded for a short-term relief. Supports, on the other hand, are at 10,700 and 10,500. On Friday, the companies contributing to the index were DOAS, TURSG, AGHOL, ANSGR, ENERY, while those with a negative impact on the index were BIMAS, ASELS, TUPRS, ASTOR, THYAO. Companies standing out with steady fund inflows over the past week were DOAS, TSKB, ENTRA, AKBNK, TCELL, ENJSA, ENKAI, TAVHL, TKFEN and TRMET. Due to the sharp selling in the market, there may be pullbacks in the prices of these stocks, but looking at the buyer-seller balance, we see fund inflows. This indicates that accumulation-oriented transactions continue in the current period. On today's agenda, PMI data and growth-focused indicators will be followed domestically and abroad. Tomorrow, inflation data in Turkey stands out, while later in the week the U.S. elections and, again, U.S. employment data will be followed. Turkey's 5-year CDS premium starts the day at 260 basis points.