Borsa Istanbul's BIST 100 index started the day with an increase and eyes turned to the US

While the BIST 100 index on Borsa Istanbul started the day with a 0.19 percent increase at 12,271.92 points, global markets are awaiting the US non-farm payrolls data.

Opening Figures of the BIST 100 Index

The BIST 100 index on Borsa Istanbul started the day with a 0.19 percent increase at 12,271.92 points. Compared to the previous close, the index recorded an increase of 22.88 points.

In the market, which followed a buyer-weighted course yesterday, the index completed the day by gaining 2.53 percent at 12,249.04 points.

Different Levels in Sector Indices

While the banking index started the day with a 0.15 percent loss in value, the decline in the holding index materialized as 1.11 percent.

Among the sector indices, the highest gainer was the IT sector with 0.72 percent, while the biggest decline was in financial leasing and factoring with 7.38 percent.

Global Markets and US Data

A mixed trend stands out in global markets due to the impact of heavy selling pressure in the bond market.

All eyes are turned to the non-farm payrolls data to be announced in the US today.

Inflation and Central Bank Policies

The continuation of inflationary pressures and rates hovering above the target are driving central banks toward interest rate hike steps.

Rising oil prices fuel inflation fears, increasing forecasts that the tightening process may accelerate.

Agenda Items to Follow in the Market

Analysts state that the 2nd meeting of the Fund Coordination Board will be monitored domestically.

Abroad, a busy data agenda is being monitored, primarily the US employment data and inflation in the Eurozone.

Technical Levels and Support Points

From a technical perspective, the 12,400 and 12,500 point levels are in the position of resistance in the BIST 100 index.

In possible pullbacks, the 12,100 and 12,000 point levels are being followed as support.