In Borsa Istanbul, the BIST 100 index completed the day at 8,876.22 points with a 0.98% decrease. The index lost 87.89 points compared to the previous closing, with a total trading volume of 72.7 billion Turkish lira. The banking index declined by 0.29% and the holding index by 1.59%. Among sectors, the metal main industry had the highest gain with 1.63%, while the food and beverage sector had the most significant loss with 2.41%. The inflation data announced in the US exceeding expectations raised concerns that the Federal Reserve’s (Fed) easing pace in monetary policy could slow down. The Central Bank of the Republic of Turkey (CBRT) announced a surplus of 4,324 million dollars in the current account in August 2024. This is the highest current surplus since August 2019 and the first time since 2021 that three consecutive months have shown a surplus in the current balance of payments. In the CBRT Market Participants Survey, the year-end Consumer Price Index (CPI) inflation expectation rose to 44.11%. The expectation for 12 months ahead decreased to 27.44%, while the expectation for 24 months ahead fell to 18.08%. From a technical perspective, the BIST 100 index has support levels at 8,870 and 8,710 points, with resistance levels at 9,165 and 9,300.
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