Market Watch (Şeker Yatırım)

Outlook:
The BIST100 Index started Wednesday flat, but continued with a fluctuating course, ending at 8,744.58, down 1.31%. The Banking Index lost 1.89% and the Industrial Index lost 1.54%. Tthe outlook for the benchmark index remains weak, despite reactionary purchases. The Central Bank has imposed a TL reserve requirement on banks for loans exceeding these limits, following new measures to decelerate loan growth. These measures will be perceived positively in the medium-long term due to their contribution to the disinflation process, but may have a negative impact on the BIST in the short term over growth concerns. With these expectations, we foresee the fluctuation and weak course at the BIST continuing in the short term, with the rising attractiveness of deposits and the impact of pre-election uncertainty. However, we predict that there may be optimism in the market ahead of Rating Agency Fitch's assessment of Turkey on Friday evening. On the global front, Fed Chairman Powell's semi-annual presentation in the Senate was followed yesterday. Powell gave the message that there was no rush to cut interest rates, in line with market expectations. On the other hand, the ADP employment change data, considered the preeminent non-agricultural employment data set, printed below expectations raising risk appetite in global markets. While major stock exchanges ended Wednesday with rises, a selling trend is observed in US futures, German DAX futures and Asian Stock Markets in general this morning. We expect global markets to continue finding direction from data releases and statements from Fed members. The European Central Bank's interest rate decision will be followed today. The VIOP30 Index ended the evening session down 0.17%. We expect the Index, which saw its lowest level yesterday, to start Friday with a negative trend, but to attempt a return rise through reactionary intraday purchases. SUPPORT: 8,650 - 8,550 RESISTANCE: 8,900 - 9,060.


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                               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.