Borsa Istanbul started the day with a 0.22 percent increase
Closing the previous day with a decline, the BIST 100 index on Borsa Istanbul took a step into the new day with an increase, starting to trade at 14,081.17 points.
The BIST 100 index on Borsa Istanbul started the day with an increase of 30.61 points and 0.22 percent compared to the previous close, at 14,081.17 points.
Opening Figures and Sector Distribution
Following yesterday's sell-off weighted course, the BIST 100 index on Borsa Istanbul entered the day with a 0.22 percent increase at 14,081.17 points.
While the banking index gained 1.17 percent and the holding index gained 0.18 percent, mining was the top-gaining sector with 1.18 percent.
Global Markets and Risk Appetite
In global markets, the partial easing of geopolitical tensions and the slowdown in the rise of bond yields positively supported risk appetite.
Statements by US President Donald Trump indicating that potential attacks on Iran might not last very long also reflected on markets globally.
US Employment and Inflation Developments
The ADP private sector employment data announced in the US falling below expectations pointed to a loss of momentum in the labor market.
New York Fed President John Williams stated that inflation continues to slow down, partially balancing recent rate hike expectations.
Data to Follow in Markets
Analysts stated that inflation data domestically and services sector and composite PMI data abroad will be closely monitored.
Eurozone PPI and the US foreign trade balance are also in the focus of investors within the day's busy data agenda.
Technical Levels and Resistance Points
Market specialists stated that from a technical perspective, the 14,200 and 14,300 point levels act as resistance in the BIST 100 index.
It was noted that in possible pullbacks, the 13,900 and 13,800 point levels will be followed as support.