The contract based on the BIST 30 index for June maturity in the Borsa Istanbul Futures and Options Market (VIOP) was stabilized at 2,855 points after it started the day with a rise.
June futures index contract, after seeing the highest point of 2,874.00 at the opening, trades at 2,855.00 level, 1.4 percent above the previous regular session closing.
The index contract, which followed a fluctuating course in the middle of 2,765-2,835 points on Friday before the Eid holiday, closed the regular session at 2,815 points, quickly below its previous close. The index contract rose to 2,818.25 points in the evening session.
Analysts reported that although the US Federal Reserve (Fed) increased the policy rate by 50 basis points, a positive course was followed with the abandonment of the aggressive hawkish tone before the meeting and Fed Leader Jerome Powell’s rhetoric.
Inflation information for April, which will be announced in the markets opened to the process today after the Eid holiday, has placed the focus of investors.
Economists participating in the expectations survey conducted by AA Finance expect the Consumer Price Index (CPI) to increase by 5.96 percent in April.
Today, in addition to domestic inflation, the manufacturing industry Purchasing Managers Index (PMI) and Domestic Producer Price Index (D-PPI) are abroad, the Bank of England’s interest rate decision and the services branch Purchasing Managers Index in England. Stating that weekly unemployment applications in the USA will be followed with the PMI, analysts said that technically, 2,880 and 2,920 levels in the index contract are in the resistance position and 2,780 points are in the reinforcement position.