Stock market ended the day with gains

While BIST 100 index increased by 108.68 points compared to the previous close, the total transaction volume reached 146.7 billion liras.

The banking index gained 1.51 percent and the holding index gained 0.89 percent.

Among the sector indices, the one that gained the most was trade with 2.43 percent, while the one that lost the most was financial leasing factoring with 2.16 percent.

On the other hand, private sector employment in the US declined for the first time since March 2023, with 33 thousand jobs in June.

Analysts said the surprise decline raised concerns about the health of the country's labor market, and noted that a slowdown could also be seen in the country's employment report to be released tomorrow.

Following the data release, analysts stated that the US Federal Reserve (Fed) was pricing in at least two interest rate cuts this year, but they also said that uncertainties regarding the Fed's roadmap continued due to the cautious statements of Fed Chair Jerome Powell.

Analysts stated that the intensive data agenda will be followed tomorrow, especially the inflation in the country and the non-farm employment data in the employment report to be announced in the US, and noted that from a technical perspective, the 10,300 and 10,400 levels are resistance in the BIST 100 index, while 10,100 and 10,000 points are support.

Economists participating in the AA Finance Inflation Expectations Survey estimate that the Consumer Price Index (CPI) will increase by 1.53 percent in June.

According to the average of June inflation expectations (1.53 percent), economists predict that annual inflation, which was 35.41 percent the previous month, will decrease to 35.26 percent, and their inflation expectation for the end of 2025 became 30.41 percent as of June.