The BIST 100 index in Borsa Istanbul closed the day at 9,132.30 points, marking a 0.97% increase. The index rose by 87.41 points compared to the previous closing, with a total trading volume reaching 71.3 billion Turkish lira. The banking index gained 1.28% while the holding index increased by 1.10%. Among the sector indices, the communication sector saw the highest rise at 4.84%, whereas the investment trust sector showed the most significant decline at 2.05%. Despite expectations of a “soft landing” following the employment data released in the US global markets, the ongoing tensions in the Middle East have led to a mixed trend. Analysts note that the Federal Open Market Committee (FOMC) meeting minutes of the US Federal Reserve tonight will be closely monitored. Tomorrow, industrial production, unemployment rate, and weekly money and banking statistics will be highlights domestically, while inflation data in the US, meeting minutes of the European Central Bank (ECB), Producer Price Index (PPI) in Japan, and weekly jobless claims in the US will stand out internationally. Analysts further indicate that tomorrow’s inflation data in the US will provide significant signals regarding the possibility of the economy’s soft landing and that expectations for the Fed’s future actions in the easing process could be shaped by these data. From a technical perspective, resistance levels for the BIST 100 index are seen at 9,200 and 9,300, while support levels are at 8,850 and 8,700.
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