Market Watch (Şeker Yatırım)

The BIST 100 Index started Wednesday on a negative trend, remaining weak throughout the day. The Index closed at 9,419.66, down 2.12%, due to sharp sales following the U.S. CPI data announced at 15:30 UTC. The Industrial Index lost 2.63% and the Banking Index fell 1.43%. Due to our increased sensitivity to domestic data and the decisions of global central banks in monetary policy decisions, the BIST is also seeking direction based on these factors. The lack of a short-term story plus growth concerns also support this scenario. We think that the BIST will continue to find direction in parallel with macro data and global risk appetite in the short term. Yesterday's U.S. CPI data, announced at 2.5%, was the lowest in three years, in line with expectations. While interest rate cut expectations from the Fed decreased after the data emerged, sales were initially observed in global stock markets. Later, amid expectations of a soft landing, the U.S. stock markets recovered to close the day up 2.17%. European stock markets ended the day with a decline. This morning, the U.S. futures, German DAX futures and Asian stock markets are trading positively. Today, markets will follow the U.S. PPI data. We expect the data to impact risk appetite. On the domestic macroeconomic data agenda, balance of payments statistics for July will be published today. The market expectation is for the current account balance to see a surplus of USD700mn. We expect a current surplus of USD780mn. The VIOP30 Index ended the evening session up 0.67%. Locally, we expect the Benchmark Index to start Thursday positively, and to seek a rise later through reaction purchases if intraday sales are met. SUPPORT: 9,300 - 9,200 RESISTANCE: 9,500 - 9,750.

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.