Weekly Bulletin - March 13, 2026
Oğulcan Delil
ogulcan.delil@isbank.com.tr| Market Indicators | 6-Mar | 12-Mar | Change |
|---|---|---|---|
| BIST-100 Index | 12,793 | 13,286 | 3.9% up |
| TRY 2-Y Benchmark Rate | 38.46% | 39.29% | 83 bp up |
| Türkiye 5-Y CDS Premium | 259 | 262 | 3 bp up |
| MSCI EM Equity Index | 1,500 | 1,492 | 0.5% down |
| US 10-Y Bond Rate | 4.13% | 4.27% | 14 bp up |
| EUR/USD | 1.1618 | 1.1510 | 0.9% down |
| USD/TRY | 44.0487 | 44.1131 | 0.1% up |
| EUR/TRY | 51.2037 | 50.8012 | 0.8% down |
| Gold (USD/ounce) | 5,170 | 5,079 | 1.8% down |
| Brent Oil (USD/barrel) | 92.7 | 100.5 | 8.4% up |
This week, the effects of the ongoing conflict between Israel, the U.S., and Iran remained the main focus of the markets. Escalating tensions and significant traffic disruptions through the Strait of Hormuz caused sharp fluctuations in oil prices. The International Energy Agency, which decided on the largest-ever coordinated release of 400 million barrels from strategic reserves to support oil supply, noted that global oil supply could face a loss of up to 8 million barrels per day in March. In the U.S., consumer prices rose by 0.3% mom in February, in line with market expectations. While the CBRT kept its policy rate unchanged at 37%, the results of the March Market Participants Survey pointed to an increase in inflation expectations. The current account deficit stood at 6.8 billion USD in January, exceeding market expectations. During the same period, industrial production declined by 1.8% yoy, while retail trade volume rose by 18.8%. Geopolitical developments and meetings of major central banks will be key drivers of markets next week.
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