Sharp decline in BIST 100 index: Investors' eyes are on the Fed
Quick Look
- While the BIST 100 index at Borsa Istanbul completed the day with a decrease of 769.72 points, all sector indices lost value.
- Investors focused on the monetary policy decisions to be announced by the US Federal Reserve (Fed).
AI-generated summary
Why It Matters
Investors are waiting for the monetary policy decisions of the US Federal Reserve (Fed). There was a loss of value in all sector indices in Borsa Istanbul.
While the BIST 100 index decreased by 769.72 points compared to the previous closing, the total transaction volume was 262.4 billion lira.
The banking index lost 6.38 percent and the holding index lost 6.48 percent.
While all sector indices lost value, the one that lost the most value was financial leasing and factoring with 9.74 percent.
While widespread sales were observed in Borsa Istanbul, the focus of investors turned to the monetary policy decision to be announced by the US Federal Reserve (Fed) today and the messages to be given after the decision.
Analysts stated that tomorrow, domestic housing sales, short-term external debt statistics, the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (PPK) meeting summary and weekly money and bank statistics will be followed, and abroad, an intensive data agenda will be followed, especially the Consumer Price Index (CPI) in the Euro Zone and the interest rate decision of the Bank of England (BoE), and that 13,000 and 12,900 points in the BIST 100 index will be technically supportive. He noted that 13,300 and 13,400 points are in resistance position.
What to Watch
AI outlook — possibilities, not facts
In the BIST 100 index, 13,000 and 12,900 points will be watched as support, and 13,300 and 13,400 points will be watched as resistance.
Likely · Within days
Open Questions
- What will be the reaction of the markets after the Fed interest rate decision?
- Will BIST 100 support levels be maintained?
