The index contract for April delivery was traded at 5,478.50 in the opening session, 0.1 percent above the previous normal session closing.

The index contract, which followed a selling course on Friday, closed the regular session at 5,475.00 points, 0.5 percent below its previous close. The index contract remained flat in the evening session.

Analysts stated that global stock markets started the new week cautiously with the increasing uncertainties regarding monetary policies in the USA, and noted that the inflation data to be announced on Wednesday in the country are expected to have an impact on the direction of asset prices.

Market expectations have changed significantly

Reminding that the non-farm employment data announced on Friday in the USA was in line with the expectations with 236,000, analysts said that this situation significantly changed the market expectations regarding the decisions to be taken by the US Federal Reserve (Fed) in the May meeting.

Analysts reported that before the data, the probability of the Bank’s 25 basis point rate hike next month, which was at the level of 45 percent in money markets pricing, increased to 64 percent after the data.

Analysts stated that today, balance of payments and labor force statistics in the country and wholesale stocks in the USA will be followed abroad, noting that 5,600 and 5,670 levels are technically resistance and 5,450 and 5,400 points are support in the index contract.

Economists expect the current account to run a deficit of $8.18 billion in February.

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