In Borsa Istanbul, the BIST 100 index decreased by 0.89 percent in the first half of the day, dropping to 9,742 points. Moving in a downward trend in the first half of the day, the BIST 100 index fell to 9,741.81 points by 13:00, a decrease of 87.38 points compared to the previous closing. The total trading volume was 31 billion Turkish lira. The banking index lost 1.04 percent and the holding index lost 0.01 percent. Among the sector indices, the metal industry gained the most with 0.86 percent, while trade declined the most by 3.49 percent. Globally, mixed movements are being observed in response to the expectation that the US Federal Reserve may end its fight against inflation with a “soft landing” after the US economy grew by 3 percent in the second quarter of the year as expected, causing no harm to the economy. Despite lingering doubts about whether the fight against inflation worldwide will lead to a recession, recent macroeconomic data releases have helped limit concerns. Analysts mentioned that in the afternoon, personal incomes and expenditures, wholesale inventories, core personal consumption expenditures, and the University of Michigan consumer confidence index in the US will be closely monitored. From a technical perspective, they noted that 9,700 and 9,600 points are support levels while 10,050 and 10,200 levels are resistance levels for the BIST 100 index.
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