At the opening, the BIST 100 index increased by 49.10 points compared to the previous close and gained 0.63 percent to 7,820,40 points.

The banking index rose 0.22 percent and the holding index rose 0.58 percent. Among the sector indices, insurance was the highest earner with 1.87 percent, and the only loser was securities investment partnership with 0.87 percent.

BIST 100 index in Borsa Istanbul, which followed a sales-weighted course yesterday, closed the day at 7,771.30 points with a 0.33 percent depreciation.

While global markets continue to seek direction with uncertainties regarding monetary policies, today’s eyes are on the intense macroeconomic data agenda to be announced around the world.

The US and Chinese economies continue to influence investor decisions for different reasons.

While the concerns about the economic activity in China come to the fore, the data flow that the US economy continues to be tight raises the question marks about the future policies of the US Federal Reserve (Fed).

Analysts stated that the selling pressure in the bond markets indicates that inflation concerns are still strong in the USA, and that the eyes are turned to the intense macroeconomic data calendar and the messages that Fed Chairman Jerome Powell will give in his speech at the Jackson Hole Economic Policy Symposium on Friday.

On the other hand, analysts stated that chip maker Nvidia is expected to announce company financial results today, and the results of the company’s profitability, which constitutes 3 percent of the weight of the S&P 500 index, may increase the volatility in the markets.

Analysts stated that today, the consumer confidence index in the country, the Purchasing Managers Index (PMI) data of the manufacturing industry and services sector around the world, and the data on new home sales in the USA will be followed. He noted that 7,700 and 7,500 points are in support position.

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