Turkish Markets Daily on Nostr: Turkish Markets Daily The postponement of Fed rate cut expectations led to a weak ...
Turkish Markets Daily
The postponement of Fed rate cut expectations led to a weak start to the year for global markets. On the last trading day of the week, positive expectations for chip producers supported reaction buying in a weak outlook. The weakness on the global side caused the recovery on the Borsa Istanbul to lose momentum after a positive start to the year. The weekly return of the BIST-100 index is 0.3% and the index continues to fluctuate within the support range of 8000-7980 and resistance range of 8110-8160. On the day when data traffic will decrease, limited reaction buying can be seen above the support zone. As long as the 8110-8160 level is not breached, we do not expect the recovery to gain momentum.
The postponement of Fed rate cut expectations led to a weak start to the year for global markets. On the last trading day of the week, positive expectations for chip producers supported reaction buying in a weak outlook. The weakness on the global side caused the recovery on the Borsa Istanbul to lose momentum after a positive start to the year. The weekly return of the BIST-100 index is 0.3% and the index continues to fluctuate within the support range of 8000-7980 and resistance range of 8110-8160. On the day when data traffic will decrease, limited reaction buying can be seen above the support zone. As long as the 8110-8160 level is not breached, we do not expect the recovery to gain momentum.