BIST 100 opens higher

At the opening, the BIST 100 index rose by 31.50 points or 0.30% from the previous close, reaching 10,518.20 points.

The banking index increased by 0.59%, while the holding index went up by 0.28%. Among sector indices, tourism was the top gainer with a 1.07% increase, while securities investment trusts saw the largest decline, falling by 1.38%.

Yesterday, Borsa Istanbul followed a selling trend, with the BIST 100 index closing the day down 1.81% at 10,486.70 points.

Analysts noted that global equity markets were mixed ahead of the U.S. growth data release today. They also mentioned that domestic attention is focused on the Turkish Central Bank’s (TCMB) monetary policy decisions.

While investors continue to seek clues about the U.S. Federal Reserve's (Fed) future actions, today's announcement of the Gross Domestic Product (GDP) is expected to provide insights into economic activity.

Analysts reminded that Fed officials have maintained a "cautious" tone throughout the week, and following the growth data, investors will focus on the personal consumption expenditures data, considered the Fed's preferred inflation gauge, to be released tomorrow.

Meanwhile, all economists surveyed in the AA Finans expectations poll anticipate that the TCMB will keep the policy rate steady at 50% during its Monetary Policy Committee (PPK) meeting.

Today, analysts will monitor the TCMB's interest rate decision, the economic confidence index, and weekly monetary and banking statistics domestically. Internationally, they will follow a busy data agenda, primarily the U.S. growth figures. Technically, they identified resistance levels for the BIST 100 index at 10,600 and 10,700 points, with support levels at 10,500 and 10,400 points.