Borsa Istanbul Reclaims 14,000 Level: Focus on Interest Rates and Global Developments

Global Uncertainties and Borsa Istanbul's Performance While global markets are navigating a period of uncertainty shaped by U.S.
President Donald Trump’s trade policies and judicial rulings, Borsa Istanbul started the week on a positive note.
The BIST 100 index, which retreated to 13,700 points last week due to profit-taking, climbed back above the 14,000-point threshold with support found at that level.
Technical Levels and Expectations The index's ability to hold above the 13,700 main support level has strengthened the technical outlook.
Led by a 2.2% rise in the banking index (XBANK), the BIST 100 completed the day with a 0.9% gain.
Analysts state that staying above 14,000 points keeps the long-term target of 15,000 points relevant.
In the short term, 14,350 and 14,533 levels are being monitored as resistance points, while 13,700 remains a critical stop-loss point.
Customs Duty Debates in the US The U.S.
Supreme Court ruled that the customs tariffs applied by President Trump based on "national emergency" authority were unlawful.
The court ruled that federal regulations do not grant the president unlimited and permanent authority to impose taxes.
Reacting to the decision, Trump announced that he would increase the previously declared 10% global tariff rate to 15%.
Interest Rates and Risk Premium Outlook in the Domestic Market Turkey’s Credit Default Swap (CDS) fell to 221, providing a positive signal.
In the bond market, pricing is supported by expectations of interest rate cuts from the Central Bank of the Republic of Turkey (CBRT) in the coming months.
The benchmark bond yield stabilized at 36.17%, while the 10-year bond yield stood at 30.47%.