At the opening ARE 100 The index rose by 113.41 points and 1.07 percent compared to the previous close, reaching 10,751.99 points. Banking index 1.58 percent and holding index gained 1.06 percent. While all sector indices increased, the biggest gainer banking happened.
BIST 100 index, which was in a downward trend yesterday, closed the day at 10,638.58 points, down 0.5 percent compared to the previous close.
Analysts say global equity markets, The US Federal Reserve (Fed) He stated that the course is positive with the strengthening risk appetite after giving the green light to interest rate cuts last night.
Although the Fed left the policy rate unchanged at 5.25-5.50 percent yesterday, it signaled that it could start cutting interest rates at its meeting in September.
Federal Open Market Committee (FOMC) In a statement made after the meeting, it was stated that inflation has decreased but is still slightly high,In recent months, some progress has been made towards the Committee’s 2% inflation target” was evaluated.
Fed Chairman Jerome Powell In a press conference held after the bank’s interest rate decision, he said that if confidence in inflation increases and the labor market remains strong, an interest rate cut could be on the table in September.
Powell stated that they had not made any decisions about future meetings, including the one in September, and that the general feeling of the Committee was “approaching the point where it would be appropriate to reduce the policy rate” he said.
Today, the manufacturing industry around the world Purchasing Managers Index (PMI) Analysts, who reported that the Bank of England’s interest rate decision and unemployment data in the Eurozone will be followed, noted that technically, 10,800 and 10,900 points are resistance and 10,600 points are support in the BIST 100 index.
Source: www.dunya.com
