In the opening session, the June futures contract was traded at 5,391.00, 0.1 percent above the previous normal session closing.

The index contract, which followed a buying course yesterday, closed the regular session at 5,385.00 points, 0.9 percent above its previous closing. The index contract remained flat in the evening session.

Analysts stated that global stock markets followed a positive course with the strengthening of expectations that the debt limit crisis in the USA would be resolved.

US President Joe Biden, at the press conference he held at the White House after his meeting with Congress leaders yesterday, stated that they had a productive meeting on the debt limit and said that he was confident that they would reach an agreement before the US defaulted.

U.S. House of Representatives Speaker Kevin McCarthy also said that a debt limit agreement could be reached by Sunday.

On the other hand, the continued strong economic activity in the USA increased the uncertainties regarding the decisions to be taken by the US Federal Reserve (Fed) at the next month’s meeting, while the expectations that the Bank could raise interest rates by 25 basis points in June rose to 28 percent.

Analysts stated that the financial results of the retail giant Wallmart are expected to be announced in the USA today, adding that the company’s projections for the future may increase the volatility in the markets.

Analysts, who stated that the Central Bank of the Republic of Turkey (CBRT) Market Participants Survey and Financial Stability Report will be followed in the domestic market, weekly unemployment benefits in the USA, the Philadelphia Fed job outlook index and second-hand housing sales abroad will be followed, technically, the index contract has 5,400. He noted that the levels of 5,500 and 5,300 are in the resistance position, and 5,300 and 5,200 points are in the support position.

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