The BIST 100 index, which was fluctuating in the first half of the day, increased by 6.40 points to 5,435.44 as of 13:00, compared to the previous close. The total transaction volume was 34.7 billion liras.

The banking index gained 1.70 percent and the holding index gained 0.50 percent. Among the sector indices, sports with 4.76 percent gained the most, and stone and soil were the ones who lost the most with 1.22 percent.

While global markets followed a positive course after the US inflation slowed down in May, the monetary policy decisions of the US Federal Reserve (Fed) to be announced today and Fed Chairman Jerome Powell’s statements after the meeting placed the focus of investors.

According to data released yesterday in the USA, the Consumer Price Index (CPI), increased by 0.1 percent on a monthly basis in May and by 4 percent on an annual basis, remained below expectations. Thus, annual inflation fell to its lowest level since March 2021.

Analysts drew attention to the importance of the guidance with the monetary policy decision text to be announced today and Powell’s word, and said that the signals to be received from these are expected to have an impact on the direction of the markets.

Stating that today, in addition to the Fed’s interest rate decision, the Producer Price Index (PPI) will be followed in the USA, analysts noted that technically, the BIST 100 index is at the level of 5,400 as support, and 5,650 and 5,700 points as resistance.

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