BIST 100 Index Starts Day with Selling Pressure: Focus on US Data and Geopolitical Developments

Opening Data for BIST 100 Index Borsa Istanbul's BIST 100 index began the day at 13,782.50 points, representing a decrease of 21.71 points or 0.16% compared to the previous close.
Following a 3.20% decline in the previous session to 13,804.21 points, the index continues to face limited selling pressure at the start of the day.
While the banking index recorded a slight increase of 0.06%, the holding index lost 1.22%.
Among the various sectors, tourism emerged as the top gainer with a 1.35% rise, whereas the holding sector was recorded as the biggest decliner.
Geopolitical Tensions in Global Markets Global markets are maintaining a cautious stance due to rising geopolitical tensions between the United States and Iran.
Statements from US President Donald Trump regarding the situation have dampened recovery efforts in equities and reduced risk appetite, leading to a continued defensive posture in international markets.
Critical Data Agenda and Technical Levels Analysts indicate a busy data calendar for both domestic and international markets today.
Domestically, the real sector confidence index and manufacturing capacity utilization rate will be closely monitored.
Internationally, market focus remains on US growth data, the Personal Consumption Expenditures (PCE) price index, and global PMI figures.
From a technical perspective, the BIST 100 index sees support levels at 13,600 and 13,500 points, while resistance levels are positioned at 13,900 and 14,000 points.
Geopolitical developments and the upcoming data flow are expected to be the primary drivers of the index's direction throughout the trading day.