Turkish markets up ahead of US Fed rate hike decision

BIST 100 index sees 0.18 percent rise as traders wait and see outcome of US Federal Reserve's monetary policy meeting

ANKARA (AA) – The Borsa Istanbul rose by 0.18 percent or 139.19 points to open at 77,452.65 points Wednesday as markets worldwide braced for the outcome of the U.S. Federal Reserve’s monetary policy meeting.

On Tuesday, BIST 100 index lost some ground to close the day at 77,323.46 points on the back of a move from investors who opted to secure profits ahead of the Fed rate decision, which may disrupt market sentiment and cause sharp volatility.

Analysts expect the monetary policy meeting to be decisive on the course of markets.

The U.S. dollar versus Turkish lira, another gauge for the Turkish market sentiment, was 2.9792 at opening of markets at 9.30 a.m. local time (0630 GMT) compared to 2.9733 seen at close of previous day at 5.30 p.m. (0230 GMT).

Kaynak:

This news has been read 360 times in total