Market Watch (Şeker Yatırım)

Outlook:
 
The BIST100 Index started Thursday on a positive trend, maintained its course throughout the day and closed at 11,024.33, up 2.62%. The Industrial Index and Banking Index rose by 1.85% & 4.58%, respectively. Reactionary purchases were observed at the BIST, led by banking stocks. Meanwhile, according to weekly CBRT data, the continued strong foreign inflow into bonds after Türkiye’s exit from the gray list has increased optimism towards the BIST and supported purchases. We think that this development may have increased positive expectations regarding Moody's Turkey assessment on July 19. On the global side US June CPI data was followed yesterday. US annual CPI was at 3%, below the expected 3.1%, marking the lowest level of the past three years. After the data emerged, the possibility of an interest rate cut in September rose to 90%, and the potential for three interest rate cuts this year began to be discussed. While profit sales were observed in the U.S. stock markets yesterday, European bourses closed positively. This morning, the U.S. futures and Asian stock markets are mixed, while German DAX futures are positive. We think that global risk appetite will remain strong as data supports the interest rate cut expectation. PPI data is awaited in the USA today. In Turkey domestic balance of payments statistics for May will be published today. The market expectation is for a current account deficit of USD 1.58bn. We expect a deficit of USD 1.85bn. The VIOP30 Index ended the evening session down 0.06%. Locally, we expect the Benchmark Index to start Friday with limited reactionary purchases and then continue its fluctuating course. SUPPORT: 10,900 - 10,800 RESISTANCE: 11,200 - 11,300.

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.