The BIST100 Index started Monday on a positive trend, going on to close the day at 9,131.82, down 0.26%. While the Banking Index rose 0.33%, the Industrial Index decreased 0.72%. The positive outlook was limited at the BIST, which had started the week with a rise after Fitch's rating increase exceeded expectations over the weekend. We think that the BIST, which was in correction mode ahead of the Fitch decision, may continue to fluctuate in the short term as risks, especially election-related, continue. Expectations of additional tightening post-election and concerns over growth, inflation accounting uncertainty and deposit interest becoming attractive again increase the downside risks for the BIST in the short term. However, we maintain our view that as long as rational policies continue to be implemented in the medium term, withdrawals will present buying opportunities. Global markets started the new week amid meager risk appetite. Ahead of the U.S. CPI data this morning, the U.S. futures and German DAX futures are positive, while Asian Stock Markets are mixed. CPI data in the USA is expected to remain unchanged on the previous month at 3.1%. A lower-than-expected print could strengthen risk appetite by boosting interest rate cut expectations. Conversely, data north of expectations may suppress risk appetite. On the domestic macroeconomic data front, Balance of Payments and Industrial Production data for January is out today. The market expects the current account balance to yield a deficit of USD2.55bn in January, and a 1.5% YoY rise in Industrial Production. We estimate a current account deficit of USD2.7bn in January, and a 1.75% YoY rise in Industrial Production. The VIOP30 Index ended the evening session down 0.15%. Locally, we expect the Benchmark Index to start Tuesday flat and try to continue its rise in the event of intraday profit-taking. SUPPORT: 8,900 - 8,750 RESISTANCE: 9,250 - 9,400.
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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.