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Index contract in VIOP started the week with rising

The contract based on the BIST 30 index with April maturity on the Borsa Istanbul Futures and Options Market (VIOP) started the week at 5,771.50, with an increase of 0.2%.

The index contract for April delivery was traded at 5,771.50, 0.2% above the previous normal session closing in the opening session.

The index contract, which followed a sell-weighted course on Friday, closed the regular session at 5,759.75 points, 2.2% below its previous close. In the evening session, the index contract partially compensated for its losses and rose to 5,769 points.

Analysts reported that the global stock markets followed a positive course with the data indicating that the risk of recession decreased and the expectations that the US Federal Reserve (Fed) could stop interest rate hikes in the summer.

Analysts stated that the US Federal Reserve (Fed) is predicted to increase interest rates by 75 basis points in the next three meetings, in pricing in money markets, and they noted that Fed Chairman Jerome Powell’s statements in the Senate on Tuesday and Wednesday and the non-farm payrolls data to be announced on Friday in the USA could significantly affect the expectations in the markets.

Analysts stated that the real effective exchange rate in the country, retail sales in the Eurozone and factory orders in the USA will be followed today, and said that technically 5.800 and 5.900 levels are resistance and 5.700 and 5.600 points are support.

Source: Trthaber / Prepared by Irem Yildiz

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