Istanbul Stock Market starts the day with a decrease on October 13, 2023
At the opening, the BIST 100 index decreased by 16.98 points or 0.21% compared to the previous closing and reached 8,242.29 points. Banking index decreased by 0.31%, while the holding index increased by 0.07%. Among sector indices, tourism had the highest gain with 0.89%, while technology (information technology) was the biggest loser with a decrease of 1.95%.
Yesterday, Borsa Istanbul followed a downward trend, and the BIST 100 index closed the day with a 0.86% loss at 8,259.27 points.
GLOBAL MARKETS ARE NEGATIVE
Global equity markets are trading negatively due to concerns over the US Federal Reserve’s future policies following higher-than-expected inflation data released in the US and worries that the Israel-Palestine conflict could escalate further into a wider area.
Analysts have noted that the inflation data in the US, when considered alongside the Producer Price Index (PPI) from Wednesday and the non-farm payroll data from last week, continues to raise concerns about the future.
In this context, the Consumer Price Index (CPI) in the country exceeded market expectations with a 0.4% monthly increase and a 3.7% annual increase in September.
