Opening Status at Borsa Istanbul
At the opening BIST 100The index increased by 113.41 points and 1.07 percent compared to the previous close. 10,751.99BIST 100 index, which was in a downward trend yesterday, ended the day with a decrease of 0.5 percent compared to the previous close. 10,638.58had completed the score.
Developments in Global Markets
Analysts say global equity markets, US Federal Reserve (Fed) stated that it is following a positive trend with the strengthened risk appetite after the green light was given to the interest rate cuts last night. The Fed has increased the policy rate 5.25-5.50 percentWhile leaving the interest rate steady at its level, it signaled that it might start cutting interest rates at its meeting in September.
Fed Statements
In the statements made after the Federal Open Market Committee (FOMC) meeting, it was emphasized that inflation has decreased but is still high at a certain level. The statement said, “In recent months, the Committee has 2“Some further progress has been made towards the inflation target of .
Fed Chairman Jerome Powell Powell said in a press conference following the bank’s interest rate decision that if confidence in inflation increases and the labor market remains strong, a rate cut could be on the agenda in September. Powell said they had not made a definitive decision about future meetings, including the September meeting, and that the Committee’s general view was that “we are approaching the point where it would be appropriate to lower the policy rate.”
Future Data and Technical Analysis
Today around the world Manufacturing Industry Purchasing Managers IndexWith (PMI) data Bank of England‘s interest rate decision and Eurozone It was reported that unemployment data will be followed. Technically, in the BIST 100 index 10,800And 10,900resistance of points, 10,600It was noted that the score was in support position.
