In a survey conducted by analysts, the median forecast for the BIST100 Index opening gap value was 14.89 points, while the average forecast was 11.42 points. The highest expectation in the survey was 63.22 points, and the lowest expectation was -33.33 points. A total of 43 brokerage analysts participated in today's BIST 100 Index opening survey; 30 analysts predicted a positive opening, while 13 analysts forecasted a negative opening. NOTE: Investment professionals interested in participating in the daily BIST100 surveys can send an application email to neslihan.koroglu@forinvest.com.

Forex - Bank of Japan Governor Kazuo Ueda stated that the BOJ will take currency movements "seriously" into account when compiling economic and price forecasts. Regarding monetary policy, Ueda reiterated that the BOJ will reach decisions on a "meeting-by-meeting" basis based on current information. Noting that there is one month until the next policy meeting in December, Ueda also emphasized that there will be more information to digest by then. Ueda said, "We are seriously considering currency movements, including questions about what is causing the current fluctuations, while shaping our economic and inflation outlook."

Arçelik is reshaping its operations in Italy as part of long-term sustainable transformation plans. The company continues discussions with the Ministry of Enterprises and Made in Italy, as well as other relevant authorities, national and regional unions, and employee representatives. The aim of these discussions is to establish Italy as a strategic hub in the industrial design and cooking appliances category, with a plan to invest 110 million euros in operations in the region in the coming years.

Carinaro will remain as a spare parts center, while operations in Cassinetta, Siena, and Comunanza are expected to initiate efficiency-enhancing transformation processes. The company is considering rescaling some of its manufacturing operations, while others may undergo industrial transformation processes, with divestment also being among the strategic options. However, the goal remains to continue production in all factories by the end of 2025.

Discussions to protect employment are ongoing. During these talks, the Ministry and unions proposed suggestions to safeguard local employment and requested a reassessment of existing strategies. Arçelik expects approximately 2,000 employees to be affected during this process and will continue negotiations with unions and employee representatives.

The company's transformation plan aims to strengthen its position in the Italian market and enhance its global competitiveness.

Forex - New York Fed President John Williams stated that he expects inflation and interest rates to decrease further. In an interview with Barron's, Williams mentioned that a 2% inflation rate is the optimal level for the central bank to balance its employment and price stability targets.

John Williams said, "Economic growth has been very good. At the same time, we have seen a fairly stable cooling in the labor market. We are witnessing inflation steadily declining from very high levels. Last year, PCE inflation was probably around 2.25% — which indicates a significant drop in inflation towards our 2% target. Obviously, we are not quite there yet. The big story here is how to reduce strong growth, a cooling labor market, and inflation simultaneously.

I expect gross domestic product growth to be around 2.5% this year or maybe a little higher. I anticipate the labor market will remain where it is and perhaps cool a bit more. The current unemployment rate is at 4.1% in October. It may reach around 4.25%. I also expect inflation to continue to gradually decline. I expect the inflation rate to be around 2.25% for the entire year."

Williams holds the sole permanent vote among regional bank presidents on the Federal Open Market Committee due to his responsibility for conducting the New York Fed's monetary policy operations.

You can find our current company news summary based on the announcements made by the companies listed on the Istanbul Stock Exchange in the continuation of our content.

Koza Altın, Koza Anadolu Metal and İpek Doğal Enerji are merging Koza Altın İşletmeleri (KOZAL), Koza Anadolu Metal Madencilik (KOZAA) and İpek Doğal Enerji Kaynakları (IPEKE) have decided to initiate the merger process. The company stated that this step was taken with the belief that the merger would create synergy. Board Member Mahmut Çelik has been authorized to carry out necessary procedures and sign contracts with a consulting firm.

Koza-İpek Holding sells its 3% stake in Koza Altın to Atp İnşaat. Following this sale, Koza-İpek Holding's share in Koza Altın will increase to 21.99%, while Atp İnşaat’s share will rise to 48.01%. The transactions will be carried out outside the Share Market clearing process.

Tukaş Gıda is acquiring its subsidiary Tukaş Dış Ticaret Tukaş Gıda (TUKAS) will incorporate its 100% subsidiary Tukaş Dış Ticaret through the acquisition method. The transaction will be conducted in accordance with the Turkish Commercial Code and other relevant regulations. The merger will not increase the company’s capital and will have no impact on the financial statements. After the approval of the Capital Markets Board, the merger contract will be submitted to the board of directors for approval.

Akfen Yenilenebilir Enerji signs a $215 million loan agreement Akfen Yenilenebilir Enerji (AKFYE) has signed a contract to obtain a total of $215 million in loans from two separate banks. This loan will be used for the refinancing of existing bank debts and for investments. The company’s two-phase investment program aimed at increasing energy production capacity is continuing as planned.

Kristal Kola applies for investment incentive certificate for Kırıkkale facility Kristal Kola (KRSTL) has applied to the Ministry of Industry and Technology for an investment incentive certificate for its facilities in Kırıkkale. It is planned that the incentive certificate will cover completely new investments. If the investments are activated, an increase in production capacity is targeted.

IHGZT stock precaution Under the Volatility-Based Precautionary System, IHGZT stocks have been restricted from margin transactions until December 20, 2024.

Kalekim subsidiary Kalekim Lyksor to establish a company in Romania Kalekim (KLKIM) subsidiary Kalekim Lyksor has begun work to establish a company in Romania. Authorized individuals by the board of directors will carry out necessary research and procedures during this process. The new company will focus on production and marketing activities.

Alarko to make a significant agricultural investment in Kazakhstan Alarko Holding (ALARK) management met with Deputy Prime Minister of Kazakhstan Serik Zhumangarin to discuss agricultural investments. As part of a $650 million investment to be made in Kazakhstan, plans include establishing a large greenhouse complex and cultivating tomatoes.

The agricultural investment in Kazakhstan will take place in Şymkent and is expected to produce 51,000 tons of products annually upon completion. This project will cater to both local and international markets and create employment for 2,000 people.

ICU Venture Capital: Signed investment specification for partnership with Plodsi Icu Girişim (ICUGS) signed a specification to establish a partnership with Plodsi Financial Technologies. Plodsi's global operations will be conducted through a company to be established in the UK. Netsafe Technological Investments will own 10% of Plodsi.

Kimteks Poliüretan receives Ecovadis Silver medal Kimteks Poliüretan (KMPUR) has been assessed by Ecovadis based on sustainability criteria and has been awarded the 'Ecovadis Silver' medal. The company has ranked in the top 13% in its sector in areas such as environment, ethics, human rights, and sustainable supply chain management.

Arçelik is making strategic plans for its operations in Italy Arçelik (ARCLK) is holding discussions for the sustainable transformation plan of its operations in Italy. The company plans to make Italy a strategic center for industrial design with an investment target of €110 million for the upcoming period. Rescaling and transformation processes are planned in the production of washing machines and refrigeration devices.

During discussions with the ministry and trade unions, the importance of preserving local employment was emphasized. Arçelik stated that its operations in Italy will continue unaffected until the end of 2025.