Market Watch (Şeker Yatırım)

The BIST100 Index started Wednesday on a negative trend, then saw a recovery to peak at a record 7,644 amid rising purchases led by banks. The Benchmark Index closed the day at 7,600.65, up 2.54%. While the Banking Index diverged positively, up 8.7%, the Industrial Index rose by 1.08%. Factors such as gradual normalization, continuation of the negative real interest rate policy and strong foreign inflows continue to support the BIST. In addition, stock-based divergences are also supportive during the balance sheet period. However, we think that it will be healthy to experience periodic profit realizations as the Index has recorded a sharp rise of over 60% without any significant corrections in the post-election period. In addition, it is seen that profit realizations are met by intraday stock switching, and there is no fund outflow from the BIST as yet. Risk appetite is weakening in major global stock markets. In the USA, Fitch's downgrade of the USA's credit rating and Moody's lowering of the credit ratings of 10 banks in the USA, and weak data from China are the main factors pressuring risk appetite. The VIX is at around 16 which indicates that selling pressure in the U.S. Stock Markets has increased compared to previous weeks. However, we expect the rise in major global stock markets to continue, with profit sales being limited unless data points to a general recession. Today, global markets will follow July's CPI inflation data from the USA. The data, which has decreased for 12 consecutive months, is expected to rise from 3% to 3.3% in July. We expect the data to impact risk appetite. The U.S. and German DAX futures are positive this morning ahead of the data release, while Asian Stock Markets are mixed. Locally, industrial production data for June and labor force statistics emerge today. The market expectation is that industrial production will contract by 2.2% monthly and 1.9% annually. We expect a 1.8% monthly and 1.7% annual contraction in industrial production. The VIOP30 Index closed the evening session up 0.35%. We expect the Benchmark Index to start Thursday with a positive trend extending the uptrend. SUPPORT: 7,508 - 7,430 RESISTANCE: 7,710 - 7,824.
Şeker Yatırım Menkul Değerler A.Ş.
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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.