Why is the 11,100 level critical in the BIST 100?

High-Level Summits and Economic Perspective

President Recep Tayyip Erdoğan provided important messages during his meeting with German Chancellor Merz to strengthen relations with Europe's largest economy. Erdoğan emphasized the shared values with the Turkish community in Germany within a legal framework and announced the goal of reaching a trade volume of 60 billion dollars between the two countries.

Diplomatic Efforts for Climate and Peace

Reiterating the need for diplomacy to end the war and establish a lasting peace, Erdoğan emphasized ongoing support for resolving the Ukraine-Russia conflict. He also addressed developments in Gaza, stating, "We conveyed our two-state solution proposal to prevent such atrocities from happening again."

Stock Market and Economic Expectations

Today, it is anticipated that the BIST100 index will open flat in the markets. The index, which saw a slightly negative closing in the previous trading day, is noted to have positively differentiated from the banking and holding sectors. It is expected that if the 11,100 level is broken, an upward trend will strengthen.

Inflation Data and Economic Reports

The data in the Sectoral Inflation Expectations report prepared by the CBRT (Central Bank of the Republic of Turkey) draws attention. In October, market participants' inflation expectations for 12 months ahead rose to 23.26%, while for households it increased to 54.39%. Minister of Treasury and Finance Şimşek stated that economic expectations will improve as inflation begins to decline.

International Developments and Economic Effects

The European Central Bank (ECB) decided to maintain interest rates, indicating that inflation will remain around the 2% target in the medium term. The U.S. Federal Reserve (Fed), as expected, lowered interest rates by 25 basis points and announced the decision to halt balance sheet reduction. This decision aims to reduce risks in the economy.

Important Dates and Developments

Upcoming events to watch include the presentation by Minister of Treasury and Finance Şimşek, data coming from Europe, and court proceedings in Turkey. The diplomacy trial of Ekrem İmamoğlu will begin on December 8, and the effects of these processes are significant for Turkey's economic outlook.