The August futures contract was traded at 7,570.25 in the opening session, 1.3 percent above the previous normal session close.

The index contract, which followed a buying course yesterday, closed the regular session at 7,476.00 points, 3.4 percent above its previous closing. The index contract increased by approximately 1 percent to 7,549,00 points in the evening session.

Analysts stated that global stock markets continue to seek direction with mixed signals from companies’ financial results during the ongoing balance sheet season in the USA, adding that today the Central Bank of the Republic of Turkey (CBRT) policy rate decision is in the focus of investors.

Pointing out the importance of the signals to be taken from the policy text regarding today’s decision, the analysts stated that the volatility in the markets may increase after the decision.

50.7 billion dollars agreement between Türkiye and UAE

On the other hand, in a statement made by the Presidency’s Directorate of Communications, it was reported that 13 documents were signed and accepted between Turkey and the UAE within the scope of President Recep Tayyip Erdoğan’s visit, with the amount of agreements amounting to 50.7 billion dollars.

Analysts stated that weekly monetary and bank statistics in the country, consumer confidence index in the Eurozone abroad, second-hand housing sales and Philadelphia Fed manufacturing index data in the USA will be followed today, and noted that 7,600 and 7,700 levels are in the position of resistance and 7,500 and 7,400 points in the index contract from a technical point of view.

Economists estimate that the CBRT will increase the one-week repo auction rate (policy rate) by 500 basis points to 20 percent.

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