Yellen’s words on bank deposit insurance brought volatility to the global the markets. Today CBRT will announce its rate decision and consensus expects either no change or 25 bp rate cut. BIST 100 recovered from the bottom and closed slightly above 5...

Turkish equities continue to face weakness prior to elections on 14 May. We believe the global banking crises was a reason for the sell off in BIST. Turkish sovereign wealth fund will increase the capital of HALKB and VAKBN by TL 30 bn and 32 bn resp...

While the global banking crisis continues, markets are in recovery and have started to calm down. Nevertheless Turkish equities faced the worst sell off since the beginning of the crisis as BIST 100 closed below 5.000. GUBRF and SASA were the most so...

The weekend was busy with global newsflow on UBS’s agreement to buy Credit Suisse. Daily support and resistance levels are 5.150-5.050-5.000 and 5.250-5.300-5.350 respectively. YKBNK will be paying TL 0.94/share dividend today.

Bank rescue plans in US helped the markets to relieve and equities are in green today. Although 50 bp rate hike by European CB was a surprise, the markets already digested the news. Daily support levels for today are 5,150-5,070-5,000.

Risk off mode in global markets continued yesterday due to the news regarding Credit Suisse. Turkish equities faced a very volatile day and closed in red despite the purchases by a public bank in the market. Daily support and resistance levels for to...