Index contract starts the week with a decline in VIOP

The February index contract traded at 9,025.00, 0.5 percent below the previous normal session close, during the opening session.

On Friday, the index contract followed a bullish trend and completed the normal session at 9,071.75 points, 0.6 percent above its previous close. The index contract stood at 9,067.00 points in the evening session.

Analysts stated that global equity markets started the new week with a mixed trend, adding that the busy data agenda to be followed throughout the week is expected to be effective on the direction of the markets.

MOODY'S ASSESSMENT OF TURKEY

On the other hand, international credit rating agency Moody's conducted an assessment of the Turkish economy within its calendar after the markets closed on Friday evening.

In the statement made by the agency, it was reported that Turkey's credit rating was affirmed at "B3", and the rating outlook, which was previously "stable", was upgraded to "positive".

The statement noted that the main reason for changing the outlook to positive was the "decisive change in economic policy, especially the return to orthodox monetary policy."

Analysts stated that the budget balance will be monitored domestically today, and industrial production data in the Eurozone will be monitored abroad, noting that from a technical perspective, 9,000 and 8,900 points are support levels for the index contract, while 9,100 and 9,200 levels are resistance positions.

News Source: AA