The stock market ended the day with a decline

While the BIST 100 index decreased by 48.12 points compared to the previous closing, the total transaction volume reached 92.3 billion lira.

While the banking index gained 1.12 percent in value, the holding index lost 0.76 percent in value.

Among the sector indices, the most profitable was banking, and the most losing was financial leasing factoring with 4.92 percent.

While the Producer Price Index (PPI) in the USA increased above expectations with 1.3 percent monthly and 6.3 percent annually in September, producer inflation reached its highest level since March 2022 on a monthly basis and since December 2022 on an annual basis.

Following the Consumer Price Index (CPI) data published yesterday in the country, indicating that inflation accelerated in September, today's PPI data fuels fears of permanent price pressures, while this situation dampens the risk appetite in global markets.

Analysts stated that tomorrow, the Central Bank of the Republic of Turkey (CBRT) September housing price index and October market participants survey will be followed in the country, the speech of the US Federal Reserve (Fed) President Kevin Warsh and the Bank of England (BoE) Governor Andrew Bailey, the Eurozone foreign trade balance and Consumer Price Index (CPI) and the industrial production and capacity utilization rate in the USA will be followed abroad. Technically speaking, the BIST 100 index will be 12,000 and He noted that 11,900 points are support and 12,200 and 12,300 points are resistance.

On the other hand, the international credit rating agency Standard & Poor's (S&P) is expected to announce its assessment of Turkey after the market close tomorrow evening. The expectation is that S&P will maintain Turkey's credit rating as "BB-" and its rating outlook as "stable".