İstanbul's BIST 100 index increased by 0.67% on July 17, 2024, reaching a record high due to US Fed rate cut expectations.

İstanbul's BIST 100 index began Wednesday, July 17, 2024, with a 0.12% increase, reaching 11,152.32 points. Following a positive trend the previous day, the index closed with a 0.67% increase, reaching a record-high of 11,188.12 points. Analysts attributed the increase to heightened risk appetite in US stock markets due to expectations of two interest rate cuts by the US Federal Reserve (Fed) in the year.

July 18, 2024
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