Günlük Piyasa Özeti

Oil’s pullback is easing risk aversion while diplomacy stays in focus ahead of the UN General Assembly and a planned Trump–Xi meeting. Following Fed and BoJ hikes in line with expectations, energy prices remain central for policy paths. Despite ongoing regional risks, expectations of higher Saudi supply and stronger flows through the Strait of Hormuz are allowing Brent to retreat toward $102, lending limited support to global equities.

In Turkey, fund-related developments keep volatility elevated; the liquidation window was extended to six months, driving dispersion across indices. BIST100 trades below its 200-day average, with 13,000–12,700 as support and 13,500–13,600 as resistance; banks and telecoms help BIST30 outperform. Liquidity steps and softer oil pulled the 2Y yield down 118 bps in two sessions. September CPI is seen around 2% m/m, implying about 1.5 pp annual disinflation from base effects. Turkey’s 5Y CDS is up 13.5% YTD versus a 4% average EM decline. Refinery disruptions in Russia are viewed as supportive for Tupras.