BIST 100 index increased by 26.56 points compared to the previous close and gained 0.34 percent to 7,495.65 points.

The banking index increased by 0.41 percent and the holding index increased by 0.51 percent.

Among the sector indices, forest paper printing was the highest earner with 1.65%, and insurance was the biggest loser with 0.93 percent.

The BIST 100 index, which followed a buying-heavy course yesterday, closed the day at a record level of 7,470,10 points with an increase of 0.94 percent, and brought its highest level to 7,427.10 points.

Global markets are following a mixed course as the uncertainties regarding the US Federal Reserve’s (Fed) monetary policy in the next period and the possibility of recession begin to come to the fore.

According to the pricing in the money markets, it is predicted that the Fed will most likely not change the policy rate, while it is stated that the inflation data to be announced in the country on Thursday may increase the volatility in the said pricing.

Data from the USA is important

The bond issuance of approximately $103 billion, which will take place in the United States this week, is also in the focus of investors.

The US Treasury Department is expected to issue $42 billion in 3-year bonds today, $38 billion in 10-year bonds tomorrow, and $23 billion in 30-year bonds on Thursday.

Analysts stated that the demand in the auctions can give important messages regarding the market expectations, and that the interest rates that will occur especially in the 30-year bond issuance and the latest situation in the yield curve will be closely monitored.

Analysts noted that the data agenda will be calm in the domestic market today, and that the data on the foreign trade balance and wholesale stocks in the USA will be followed abroad, noting that, technically, 7,500 and 7,750 levels in the BIST 100 index are in the position of resistance, and 7,300 and 7,100 points are in the support position.

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