The BIST 100 index on the Borsa Istanbul completed the day with a gain of 1.11%, closing at 9,951.65 points. The index rose by 109.50 points compared to the previous closing, with a total trading volume of 103 billion Turkish lira. While the banking index lost 0.90% in value, the holding index gained 1.73%. Among the sector indices, financial leasing factoring showed the highest increase at 3.57%, while communication recorded the highest decrease at 0.93%. In global markets, there is a mixed trend due to the diminished concerns about US additional tariffs. Additionally, during the inaugural briefing meeting at the Turkey Republic Central Bank Campus in Istanbul, introducing the Year 1 Inflation Report, the central bank president Fatih Karahan mentioned that they expect the inflation to be at 24% by the end of 2025. Karahan announced, “We have maintained our inflation forecast at 12% for the end of 2026. We aim for inflation to decline to 8% in 2027 and achieve stability around 5% in the medium term thereafter.” He further stated, “Regarding interest rate cuts, we are not on autopilot, we move from meeting to meeting, data-focused, evaluate a certain area, but it is crucial to proceed prudently.” Meanwhile, in the US, non-farm payrolls increased by 143,000 in January, falling below expectations, with the unemployment rate decreasing from 4.1% to 4%. During this period, average hourly earnings saw monthly growth of 0.5% and yearly growth of 4.1%, exceeding expectations. Analysts noted that despite the lower-than-expected non-farm payroll data, the decline in the unemployment rate and the increase in average hourly earnings exceeding expectations suggest that the Fed will not rush into interest rate cuts. Analysts highlighted that in the upcoming week, domestically, the focus will be on balance of payments, the CBRT market participants survey, and labor statistics, while abroad, the statements of Federal Reserve Chairman Jerome Powell, inflation, retail sales, industrial production in the US, and intense data agenda on growth in the Eurozone and the UK will be monitored. From a technical perspective, analysts indicated that the BIST 100 index has resistance at 9,960 and 9,970 points, with support levels at 9,750 and 9,650. According to the AA Finance Balance of Payments Expectations Survey, economists predicted a $3.665 million deficit in the current account for December. Economists estimated that the current account deficit would be $9.651 million in 2024 and $19.909 million in 2025.