Market Watch (Şeker Yatırım)

The BIST100 Index started Friday negatively and followed a selling trend throughout the day, closing on a sharp decline of 3.01% at 10,473.47. The Industrial Index fell 2.19% and the Banking Index lost 3.95%. On a weekly basis, the BIST100 decreased by 3.84%, The Industrial Index decreased by 3.25% and the Banking Index lost 3.70%. Mounting geopolitical tension between Iran and Israel on the last day of the week, expectations that Iran could attack Israel at the weekend, and the sales wave observed in global markets were effective in the sharp sales at the BIST. While the lack of expectations supporting the index short-term increased selling pressure it fell below the trend it has maintained since the start of the year. Increasing geopolitical risk in global markets, an unexpected interest rate increase from the BoJ and weak economic data led by the USA, plus balance sheets suppress risk appetite. While major stock markets dropped sharply last week, the U.S. futures, German DAX futures and Asian stock markets are on the decline this morning. The Nikkei Index is trading above 10% negatively in the morning. We expect macroeconomic data and balance sheets to continue shaping risk appetite. Domestic inflation data for July will be announced today. The market expectation is that CPI will increase by 3.4% monthly and 62% annually in July. We expect monthly inflation of 3.5% and annual inflation of 62.1% for the month. The VIOP30 Index ended Friday evening trading down 0.14%. Locally, we expect the Benchmark Index to start Monday negatively and follow a fluctuating course thereafter. SUPPORT: 10,400 - 10,250 RESISTANCE: 10,500 - 10,600.

Şeker Yatırım Menkul Değerler A.Ş.

 www.sekeryatirim.com.tr

                                  ***
                               Yasal Uyarı
 
  Burada yer alan yatırım bilgi, yorum ve tavsiyeler yatırım danışmanlığı kapsamında değildir.Yatırım danışmanlığı hizmeti ; aracı kurumlar, portföy yönetim şirketleri, mevduat kabul etmeyen bankalar ile müşteri arasında imzalanacak yatırım danışmanlığı sözleşmesi çerçevesinde sunulmaktadır.Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanların kişisel görüşlerine dayanmaktadır.Bu görüşler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabılır.Bu nedenle, sadece burada yer alan bilgilere dayanılarak yatırım kararı verilmesi beklentilerinize uygun sonuçlar doğurmayabilir.