The BIST 100 index in Borsa Istanbul closed the day at 9,002.34 points, marking a 0.52% rise. The index saw an increase of 46.31 points compared to the previous closing, with a total trading volume recorded at 80.1 billion Turkish lira. While investment trust was the highest gaining sector with a 4% increase, the banking sector experienced the highest loss with a 1.36% decrease. The Central Bank of the Republic of Turkey (CBRT) kept its policy interest rate at 50%, while the European Central Bank (ECB) opted for an interest rate cut to support the economy. Following this cut, ECB’s three main policy interest rates were reduced by 25 basis points. In the US, retail sales rose by 0.4% in September, reaching $714.4 billion. Furthermore, the Philadelphia Fed Manufacturing Index increased to 10.3 in October, and unemployment claims fell below expectations to 241,000. Tomorrow, the domestic data agenda will be calm, while in the international arena, housing starts and building permits in the US, growth data in China, and inflation figures in Japan will be in focus. Analysts noted that technically, resistance levels in the BIST 100 index are at 9,100 and 9,200 points, while support levels are at 8,850 and 8,710 points.
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