BIST 100 index in Borsa Istanbul finished the day at 5,446.22 points, gaining 0.14 percent.
The stock market completed the 4th trading day of the week (Thursday, March 9) with rising. While the BIST 100 index increased by 7.84 points compared to the previous close, the total transaction volume stood at TL 99.3 billion. The banking index lost 0.43 percent and the holding index lost 1.05 percent. Among the sector indices, stone and soil gained the most, with 8 percent, and the holding was the most profitable. Analysts stated that global markets followed a volatile course due to the ongoing uncertainties regarding monetary policies around the world. Continuing his presentation on the Half-year Monetary Policy Report at the Financial Services Committee of the House of Representatives yesterday, US Federal Reserve (Fed) Chairman Jerome Powell said that they did not take any decision regarding the Bank’s meeting to be held on March 21-22, and that the data to be announced will be analyzed. said it would. With the aforementioned developments, the probability of a 50 basis point interest rate increase in the money market pricing increased to 79 percent at this month’s meeting, while a 25 basis point interest rate hike is considered certain at the meetings in May and June.
WHAT DATA WILL BE FOLLOWED IN THE MARKETS TOMORROW? Analysts stated that tomorrow, industrial production and labor force statistics in the country, the Bank of Japan (BoJ) interest rate decision abroad, non-agricultural employment in the USA, inflation in Germany, industrial production in the UK will be at the center of the markets, technically speaking the BIST 100. He noted that the levels of 5,340 and 5200 in the index are in the support position, and 5,500 and 5,600 points are in the resistance position. Economists participating in the AA Finans Industrial Production Expectation Survey expect the calendar adjusted industrial production index to increase by 1.6 percent in January compared to the same period of the previous year. Economists predict that the unadjusted industrial production index will increase by 2.1 percent year-on-year.