At the opening ARE 100 The index rose by 45.58 points and 0.46 percent compared to the previous close, reaching 10,030.51 points. Banking index is 0.80 percent and holding index gained 0.34 percent. While all sector indices gained, the most banking happened.
BIST 100 index, which was in a downward trend yesterday, closed the day with a 0.37 percent loss at 9,984.93 points.
While a sell-off trend prevailed in global markets as macroeconomic data released in the US fueled recession fears, today the intense data agenda, especially the ADP private sector employment data, became the focus of investors.
While concerns that the US economy may cool down faster than expected are eroding risk appetite, it is almost certain that the US Federal Reserve (Fed) will begin to ease its tight monetary policy stance starting this month.
Analysts stated that the weekly money and banking statistics in the country, retail sales in the Eurozone, ADP private sector employment in the US, weekly unemployment benefit applications and service sector PMI data will be followed today, and noted that from a technical perspective, the 10,200 and 10,300 levels in the BIST 100 index are resistance, while the 9,900 and 9,750 points are support.
Source: www.dunya.com
