Market Watch (Şeker Yatırım)

The BIST100 Index started Thursday flat, closing the day at 8,964.10, down 1.84%, due to increased selling pressure in the afternoon. The Industrial Index declined by 0.94%, while the Banking Index dropped by 1.90%. In addition to recent data pointing to weakening growth, yesterday’s industrial production figures, which printed much weaker than expected, have further raised concerns over economic growth. As earnings expectations for the third quarter continue to weaken, momentum in the BIST also remains subdued. Given the current outlook, we expect the volatile trend to continue, with limited upward movements. Heading into the weekend, geopolitical risk in the Middle East could also weigh on the BIST, as investors may be hesitant to take on weekend risk. On the global front, the U.S. CPI data from yesterday was closely monitored. Inflation came in at 2.4% YoY, slightly above the 2.3% forecast. Following the data, expectations for a 25 bps rate cut in November increased, and the U.S. and European stock markets closed the day with declines. The VIOP30 Index saw a 0.06% decline in the evening session. This morning, Asian markets are mixed, while the U.S. and German DAX futures are showing a bearish trend. News flows from the Middle East and macroeconomic data will remain in focus for the markets. Global markets will track the U.S. PPI inflation data for September today. Locally, we expect the Benchmark Index to start Friday with reaction purchases and to continue its upward attempt if potential profit-taking is absorbed. SUPPORT: 8,900 - 8,750 RESISTANCE: 9,200 - 9,450.

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.