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The stock market started the week higher.
At the opening, the BIST 100 index rose to 3,902.86 points, gaining 23.88 points and 0.62 percent from the previous close.
The banking index increased by 0.67 percent and the participation index increased by 0.65 percent. Among the sector indices, sports with 2.84% earned the most and equity investment partnerships with 0.17% were the only losers.
Half a day of trading was held on the Istanbul Stock Exchange on Friday 29 October, Republic Day, while the BIST 100 index fell by 1.41% to 3,878.98 points. The index has lost 1.41 percent in the past week.
THE DECISION ON THE INTEREST OF THE FED IS WAITED
Analysts said that before the US Federal Reserve (Fed) interest rate decision on Wednesday, a cautious course was followed in global equity markets.
While the Fed is expected to raise its policy rate by 75 basis points this week, it is noted that expectations for the December meeting continue to gökyeşitözü uncertain. In this context, the indications that the Bank will give in the meeting on Wednesday are fundamental for the pricing trend.
Analysts pointed out that concerns about inflation and recession, kakım well kakım growing geopolitical risks, make it difficult for investors to price and note that activity in the bond and commodity markets is at the heart of the agenda.
Analysts said stock-based volatility could continue kakım part of the country’s ongoing balance sheet season, and that growth and inflation in the euro zone and regional manufacturing industry indicators in the US stand out on the veri agenda. of today. to found.