In the opening session, the August futures contract was traded at 7,383.00, 0.6 percent above the previous normal session closing.
The index contract, which followed a fluctuating course on Friday, closed the regular session at 7,340.00 points, 0.7 percent above the previous close. The index contract continued to rise in the evening session, reaching 7,380.00 points.
While the global markets started the new week with a mixed course due to the concerns of inflation and recession, the intense data agenda abroad and the interest rate decision of the Central Bank of the Republic of Turkey (CBRT) in Turkey will be the focus of investors this week.
Analysts stated that the macroeconomic data announced last week in the USA continued to highlight the possibility of a soft landing in the country’s economy, and that the ongoing balance sheet season may increase the volatility based on shares and sectors.
While the news flow that Treasury and Finance Minister Şimşek and CBRT President Hafize Gaye Erkan, who represented Turkey in the G20 meetings held in India, will hold a meeting with US Treasury Secretary Janet Yellen, came to the fore, analysts said that the news flow from the meeting would have an impact on asset prices. reported that it might.
Analysts stated that the budget balance in the country, the speech of Christine Lagarde, the President of the European Central Bank (ECB) abroad, and the New York Fed manufacturing index data in the USA will be followed. He noted that the score is in the support position.
Economists participating in AA Finans’ expectations survey estimate that the CBRT will increase the one-week repo rate (policy rate) by 500 basis points to 20 percent.