Anasayfa / Genel / The stock market ended the day lower – Last Minute Economy News

The stock market ended the day lower – Last Minute Economy News

The stock market ended the day lower.

While the BIST 100 index decreased by 55.54 points compared to the previous close, the total volume of transactions was 27.3 billion lire.

The banking index lost 3.42%, while the holding index lost 1.49%. Among the sector indices, sport gained the most with 2.92% and the banking sector was the most in decline.

Due to the Republic Day on October 29, continuous auctions were held in the stock markets until 12.30 and the closing session took place between 12.30 and 12.40.

Concerns about the recession continue

Analysts said inflation in Germany and personal income and spending in the US will follow in the afternoon.

Analysts said concerns about global inflation and the recession returned to the center of the agenda and said uncertainties regarding monetary policies and financial results of companies in the third quarter caused fluctuations in the markets to continue.

Stating that bond market activity is also a focus of investors, analysts said their eyes are on the decisions of the US Federal Reserve (Fed) and Bank of England (BoE), which will take place next week.

It is believed that the Fed will raise the policy rate by 75 basis points at its meeting next week. At its December meeting, the Bank is more likely to raise interest rates by 50 basis points to 58 percent.

Analysts, in addition to Fed and BoE interest rate decisions, are on the agenda for veri, including domestic inflation, nonfarm employment and factory orders in the US, growth and inflation in the Eurozone and the manufacturing and services Purchasing Managers Index to gökyeşitözü announced worldwide, noting that technically the BIST 100 index stood at a level of 3,850 kakım support and 4000 points kakım resistance.


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