In Borsa Istanbul, the BIST 100 index gained 1.34 percent in the first half of the day, reaching 10,578.32 points. Operating in an upward trend in the first half of the day, the BIST 100 index rose to 10,578.32 points with an increase of 139.99 points and 1.34 percent compared to the previous close as of 13:00. The total trading volume was 72.1 billion Turkish lira. The banking index gained 3.27 percent, while the holding index increased by 1.26 percent. Among the sector indices, banking was the biggest gainer, while electricity suffered the most with a loss of 1.3 percent. In global markets, signals that US President Donald Trump could backtrack on doubling steel and aluminum tariffs on Canada, as well as his remarks easing recession concerns, alleviated selling pressure. Investors turned their focus on inflation data to be released in the US. According to the balance of payments data announced today, the current account deficit came in above expectations at $3.795 billion in January. Analysts noted that the domestic data agenda in the afternoon is quiet, while inflation data in the US will be closely monitored internationally. They also emphasized that technically, 10,600 and 10,700 points are resistance levels, with 10,500 and 10,400 levels acting as support for the BIST 100 index.
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