Preparation for Market Opening: What You Need to Know

Important Developments Before Market Opening

In this period where global markets are searching for direction, pricing is largely shaped around central bank expectations, inflation data, and risk perceptions related to the technology sector. Asian stock markets started the day weak due to increasing uncertainties regarding artificial intelligence investments. The possibility of an interest rate hike ahead of the Bank of Japan meeting is increasing selling pressure on the Nikkei and other regional indices. Additionally, the approval of U.S. arms sales to Taiwan keeps geopolitical risk perceptions alive. This situation is causing a general pullback in the MSCI Asia-Pacific index.

Effects of Monetary Policy in Europe

On the European side, monetary policy decisions are in the spotlight. The European Central Bank, as well as the central banks of Norway and Ireland, are expected to keep interest rates unchanged, while the market is primarily focusing on economic projections and forward-looking messages. Recent data does not produce a strong signal that would require the European Central Bank to change its current stance. The pressure of U.S. tariffs on European exports and uncertainties continue to keep the region's growth outlook fragile. It is noted that the growth in 2026 will largely depend on Germany's financial incentives.

Economy and Inflation in the U.S.

In the U.S., policy statements and macro data are being closely monitored. Among the critical data is the November CPI figures, expected to rise by approximately 0.3%. These figures are crucial for expectations regarding the Fed's interest rate path. Long-term interest rates and mortgage rates are determined by growth and inflation expectations.

Developments in Currency and Commodity Markets

In the currency market, the weakness of the USD is providing support to emerging market currencies. The USD/TRY exchange rate continues a gradual upward trend following the Central Bank of the Republic of Turkey's interest rate cut. Moreover, supported by the strong trend in gold and exchange rates, the gram gold has surpassed historical peaks. Today, the Central Bank of the Republic of Turkey's monetary policy committee summaries and the second meeting of the Minimum Wage Determination Commission will also be monitored.

Highlighted Stocks in Technical Outlook

In terms of technical levels, if the BIST 100 index stays above 11,300, targets of 11,500 and 11,605 may come into play. In the banking index, movements above 16,500 may target the 16,850 level. Among the notable stocks in this direction are Turkish Gold Enterprises (TRALT) and TR Anadolu Metal Mining (TRMET).