The stock market finished the day higher.

While the BIST 100 index increased by 167.68 points compared to the previous close, the total transaction volume stood at TL 55.1 billion. The banking index gained 2.31 percent and the holding index gained 3.20 percent. While all sector indices rose, communication was the highest earner with 4.88 percent.

Analysts stated that global stock markets started the new week cautiously with the increasing uncertainties regarding monetary policies in the USA, adding that the inflation data to be announced on Wednesday in the country are expected to have an impact on the direction of asset prices.

Analysts stated that the non-farm employment data announced on Friday in the USA was in line with the expectations with 236,000, and this situation significantly changed the market expectations regarding the decisions to be taken by the US Federal Reserve (Fed) in the May meeting.

Analysts reported that before the data, the probability of the Bank’s 25 basis point rate hike next month, which was at the level of 45 percent in money markets pricing, increased to 64 percent after the data.

Analysts stated that tomorrow, industrial production in the country, the International Monetary Fund (IMF) global economic outlook report, inflation in China and retail sales in the Euro Zone will be followed, technically, 4.900 and 4.850 levels in the BIST 100 index are support and 5.100 points are resistance. noted that it is in position.

İlgili Makaleler

Başa dön tuşu