Market Watch (Şeker Yatırım)

The BIST-100 Index started Tuesday positively, maintained the trend throughout the day and tested a new peak of 5,299.33. The Index closed the day at 5,256.19, up 1.21% with the strong contribution of iron & steel and retail stocks. The Banking Index diverged negatively, up 0.22%. On the global front annual U.S. CPI printed at 7.1%, below the 7.3% expectation. Thus, as CPI fell for the fifth consecutive month risk appetite rose with expectation that the worst was over and interest rate hikes would lose pace. Today, the Fed meeting takes place. The market expectation is for a 50 bps rate hike. The statements of Chairman Powell after the meeting are expected to guide the markets. The VIX hovers around 22.5, indicating that despite the rise in the U.S. Stock Markets, volatility and the risk of short-term hard selling have increased. Locally, while the BIST is testing new records with the effect of strong buying appetite, the technical outlook does not support the rise and points out that the risk of profit realization has increased during the week. The BIST remains the only alternative investment tool among TRY-based assets in an inflationary environment. Therefore, any profit-taking in turn presents a buying opportunity for the medium term. The VIOP-30 Index closed the evening session down 0.20%. The U.S. futures were trending positively this morning and German DAX futures were slightly negative. There is a positive trend among Asian Stock Markets. Locally, we expect the Benchmark Index to start Wednesday with a limited negative trend and follow a fluctuating intraday course thereafter. SUPPORT: 5,222 - 5,166 RESISTANCE: 5,300 - 5,342.
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.