Market Developments: Investors Attention!

Current Situation in Markets and Geopolitical Developments

Recent price movements in global markets are shaped by geopolitical developments. Particularly, US President Trump's remarks centered around Greenland, along with limited responses from Europe, are creating volatility in risk perception. Trump stated that he has stopped additional tariffs on Europe following his meeting with the NATO Secretary-General and indicated that there is a "framework agreement" process regarding Greenland. This situation has temporarily reduced market tension.

Risk Perception and Global Assets

This decrease in geopolitical tension has led to profit-taking in gold and silver, while providing limited recovery in the US dollar and stock futures contracts. Global assets continue to be shaped by short-term reaction price movements. Bond yields are stabilizing around 4.25%, while the Dollar Index is fluctuating in the 98-99 range. In Asian markets, Japan's stock market is rising with purchases, while limited selling is observed in China and Hong Kong.

Focus on Central Bank in Turkey

The BIST 100 index in Turkey closed the day with a decline of 0.61% at 12,728 points, exhibiting a volatile trend. The index is moving within the range of 12,575 - 12,847, with a trading volume of 208 billion TL. On a sectoral basis, banking stocks showed positive differentiation, while sales in the technology index negatively affected overall performance. In daily transactions, the 12,850-13,130 range is monitored as a resistance zone, while movements below 12,600 are thought to increase correction risk.

Among the significant current developments is the meeting of the Monetary Policy Committee of the Central Bank of the Republic of Turkey. Market expectations indicate a 150 basis point interest rate cut. Although the interest rate decision is largely priced in, the messages in the meeting minutes will be a key determining factor. This could create a supportive ground for Borsa Istanbul in the short term.

Financial Outlook and Predictions

On the foreign exchange front, the dollar/TL continues to show an upward trend ahead of the interest rate decision. Overall, the TCMB decision and updates from credit rating agencies will continue to be decisive on the direction of domestic assets. Moreover, the VIOP morning session started with an increase of 0.52%.

Technical Analysis

The stocks exhibiting a strong appearance in the BIST 100 index below are on investors' radar. Gülermak Heavy Industry (GLRMK) is priced above the 9, 21, 50, and 200-day exponential moving averages and draws attention with its positive technical indicators.