Borsa Istanbul Opens the Week with a Slight Decline

BIST 100 Index Falls by 0.06% Amid Global Market Uncertainty and Upcoming Central Bank Decisions

Borsa Istanbul’s BIST 100 index started the week with a 0.06% decline, opening at 10,132.42 points. At the opening bell, the BIST 100 index fell by 6.55 points, or 0.06%, from the previous close.

The banking index dropped by 0.20% and the holding index by 0.17%. Among sector indices, mining saw the highest gain with a 2% increase, while the forestry, paper, and printing sector experienced the largest loss, falling by 0.92%.

On Friday, Borsa Istanbul had a bearish trend, with the BIST 100 index closing 1.37% lower at 10,138.97 points.

Analysts note that global stock markets began the week negatively influenced by better-than-expected US non-farm payroll data released on Friday and the results of the European Parliament elections over the weekend. Investors are also focusing on the upcoming interest rate decisions from the US Federal Reserve (Fed) and the Bank of Japan (BoJ) this week.

Additionally, Treasury and Finance Minister Mehmet Şimşek announced plans to support the Presidential Savings Measures Circular with a concrete project. He stated, “We will implement the AI-Supported Accounting and Advanced Analytics Project to enhance efficiency, quality, speed, and savings in public spending through an early warning system.”

Today, analysts will be closely monitoring domestic data on industrial production, balance of payments, and unemployment rates, as well as the Sentix investor confidence index figures from the Eurozone. Technically, they identify 10,100 and 10,000 points as support levels for the BIST 100 index, with resistance at 10,200 and 10,300 points.

Economists participating in the AA Finance expectation survey predict that the current account deficit for April will be $6.132 billion.

Source: AA / Prepared by Irem Yildiz

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