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Index contract in VIOP started the week with rising

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The June futures contract, after seeing the highest point of 2,756.75 at the opening, is trading at the level of 2,750, 0.7 percent above the previous regular session closing.

The index contract, which was selling on Friday, closed the regular session at 2,731.00 points, down 2.1 percent compared to the previous close. The index contract rose to 2,737.25 points in the evening session.

“Volatility WILL CONTINUE FOR ANOTHER TIME”

Analysts said that the concerns that the central banks will become even more hawkish and will drag the global economy into recession push the investors to be cautious, and said that the volatility in the markets may remain on the agenda for a while.

Analysts, who mentioned that the US Federal Reserve’s (Fed) meeting minutes and the Central Bank of the Republic of Turkey (CBRT) interest rate decision as well as heavy data flow are in the focus of investors this week, today the CBRT with the real sector belief index and capacity utilization rate in the country. He noted that ‘s Market Participant Survey, Ifo business belief index in Germany and Chicago Fed national activity index in the USA will be followed abroad.

Analysts reported that from a technical point of view, the 2,700 level is in the position of reinforcement and 2,790 points in the resistance position in the index contract.

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