While the BIST 100 index increased by 182.80 points compared to the previous close, the total transaction volume stood at TL 91.3 billion.
The banking index gained 9.16 percent and the holding index gained 5.33 percent. While all sector indices rose, banking was the most profitable.
Analysts stated that in global equity markets, the debt limit crisis in the USA continues to remain in the focus of investors, and that the uncertainties regarding the issue continue to erode the risk appetite, and Borsa Istanbul is following a positive course, led by banking stocks.
Analysts said that if the debt limit is increased, the US treasury is expected to sell approximately 1 trillion dollars worth of bonds by the end of the third quarter.
On the other hand, before the non-farm employment data to be announced on Friday, it is predicted that the Fed will increase interest rates by 25 basis points with a 63 percent probability, while the US Federal Reserve (Fed) officials’ guidance with today’s words is also in the focus of investors.
Domestically, clues regarding the new economy management are followed closely.
The statements of the President of the European Center (ECB) Christine Lagarde and the analysts who stated that the Fed Beige Book report will be at the center of the markets tomorrow, said that the data agenda will be growth in the country, inflation in Germany, industrial production in Japan, manufacturing industry in China. and the service sector Purchasing Managers Index (PMI) will come to the fore.
Analysts noted that technically, 5,000 points in the BIST 100 index are in the position of resistance and 4,750 points in the support position.
Economists participating in the expectations survey of AA Finans predict that the Gross Domestic Product (GDP) will increase by 3.74 percent in the first quarter of 2023. The average of economists’ growth expectations for the end of 2023 was 2.93 percent.