VIOP Index Begins the Week on the Rise
The June futures index contract opened at 11,861.00, showing a 0.1 percent increase from the previous session’s closing. The index contract had a fluctuating course on Friday, closing the normal session at 11,854.25 points, which was 0.2 percent higher than before. It continued to rise in the evening session, reaching 11,860.00 points.
Analysts noted a mixed trend in global stock markets due to cautious guidance from bank officials. Despite expectations that the US Federal Reserve (Fed) may cut interest rates twice this year, investors are mainly focused on the intense data agenda, especially growth data, coming out of the US this week.
Domestically, all eyes are on the interest rate decision of the Central Bank of the Republic of Turkey (CBRT) this week. Economists surveyed expect the CBRT to maintain the policy rate at 50 percent during the Monetary Policy Committee (PPK) meeting scheduled for Thursday, June 27th.
