Index contract starts the week with gains in VIOP (April 22, 2024)

The April-dated index contract on the Borsa Istanbul Derivatives Market (VIOP) traded at 10,660.00, up 0.4 percent from the previous normal session close, during the opening session.

On Friday, the index contract followed a bullish trend, completing the normal session at 10,614.75 points, 2.2 percent above its previous close. The index contract stood at 10,616.00 points in the evening session.

Analysts stated that uncertainties regarding when the US Federal Reserve (Fed) will begin interest rate cuts continue to impact asset prices in global equity markets, adding that in addition to a busy data agenda this week, the expected earnings reports of major US technology companies have also become a focus for investors.

Meanwhile, it was reported that Treasury and Finance Minister Mehmet Şimşek met with US Deputy Treasury Secretary Wally Adeyemo over the weekend.

It was stated that the meeting addressed how to strengthen bilateral relations in deepening trade and investment, combating money laundering and terrorist financing, and implementing sanctions.

News Source: AA