The stock market started the day with falls
At today’s opening of the Istanbul Stock Exchange, the BIST 100 index decreased by 150.38 points compared to the previous close and lost 1.85 percent of its value, falling to 7,964.63 points.
The banking index decreased by 1.96 percent and the holding index decreased by 1.75 percent. While all sectoral indices declined, the biggest loser was construction at 2.73 percent.
After a positive trend yesterday, Borsa Istanbul’s BIST 100 index completed the day at 8,115.01 points with a value gain of 2.27 percent.
THE PERCEPTION OF RISK HAS INCREASED IN THE MARKETS
Analysts said that risk perception has strengthened in global stock markets after the attack on the Baptist al-Ahli Hospital in Gaza last night, and that prices on the future monetary policies of the US Federal Reserve (Fed) have also increased uncertainties.
500 people lost their lives as a result of the Israeli bombing of Al-Ahli Baptist Hospital in Gaza. While the attack generated a huge reaction around the world, the possibility of the Palestinian-Israeli conflict spreading to larger areas and affecting oil supplies has an impact on asset prices.
However, although US retail sales announced yesterday exceeded expectations, concerns about inflation remain strong.
While growing concerns about inflation continue to affect the price of the actions the Federal Reserve will take in the coming period, the possibility of an interest rate increase at the December and January meetings is increasingly strong, although predicts that the bank will maintain the policy. constant rate next month with a probability of 93 percent.
Analysts stated that today they will monitor the international investment position in the country, inflation in the eurozone abroad, housing construction in the US, construction permits and the flow of news on the Palestinian conflict. Israeli along with the Federal Reserve’s Beige Book Report and, technically, the BIST. 100 He noted that the 7,950 and 7,820 levels of the index are support and 8,200 points are resistance. (AA)
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
