In Istanbul, the BIST 100 index started the week with a decline of 0.55%, reaching 9,606.37 points. At the opening, the index dropped by 53.10 points, a decrease of 0.55% from the previous close. The banking sector index lost 0.54%, while the holding sector index dropped by 0.65%. Among sector indices, sports gained the most, up by 1.79%, while financial leasing and factoring suffered the most with a 0.83% loss.
Domestic and International Markets Overview
On the last trading day before the Ramadan holiday, which was on Friday, Borsa İstanbul saw a more positive trend, with the BIST 100 index increasing by 0.49% to close at 9,659.48 points. Meanwhile, global markets are showing mixed signals, influenced by ongoing uncertainties about tariffs that are expected to be announced by U.S. President Donald Trump today.
Key Data to Watch Today
Domestic: Purchasing Managers’ Index (PMI) for the manufacturing sector in Turkey.
United States: ADP private sector employment data.
Eurozone: European Central Bank (ECB) President Christine Lagarde’s speech.
Analysts have pointed out that in technical terms, the support levels for the BIST 100 index are seen at 9,600 and 9,500 points, while the resistance levels are at 9,750 and 9,850 points.
As the BIST 100 index faces a slight downturn this week, it’s clear that global uncertainties, especially regarding U.S. tariff policies, continue to influence the market sentiment. While the Turkish market showed resilience towards the end of last week, the pressure from the broader international market dynamics remains significant. It will be crucial to monitor the upcoming data, including the PMI and the upcoming employment figures in the U.S., as these could offer more clarity on the market’s direction.
For real-time updates and further details, stay tuned to newstimesturkey.com.
Source: www.ankarahaberler.com
