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Index contract in VIOP started the week with rising

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The June futures contract is trading at 2.995, 0.5 percent above the previous session’s closing, after seeing the highest point of 2.998.50 at the opening.

The index contract, which was selling on Friday, closed the regular session at 2,980.25 points with a decrease of 1 percent compared to the previous close. The index contract continued its decline in the evening session, falling to 2,978.50 points.

THE FED IS ALLEGED TO CONTINUE ITS INTEREST RISES

Analysts stated that inflation concerns continue to have an impact on the direction of asset prices, and noted that although the latest macroeconomic data calmed the recession concerns, the assumptions that the US Federal Reserve (Fed) could continue its 50 basis point interest rate steps until the end of the year increased.

Stating that investors are focused on the US inflation data to be announced on Friday this week and the European Central Bank (ECB) meeting to be held on Thursday, the analysts said that the data agenda is calm abroad today, and the real effective exchange rate data will be followed in the country.

Analysts reported that, from a technical point of view, the level of 2,960 is the support level and the resistance level of 3,020 points in the index contract.

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