Market Watch (Şeker Yatırım)

The BIST100 Index started Tuesday on a negative trend, but recovered with reactionary purchases at the closing to end at 7,671.05, up 1.36%. The Banking Index and Industrial Index rose by 1.27% & 1.43%, respectively. The Benchmark Index, which has diverged negatively from global markets in recent weeks, may tend to recover in the short term. However, alternative investment instruments such as deposit interest and bond interest, which rise above 40%, limit appetite for the BIST. We also think that the rise in stock loan interest rates may reduce interest. Meanwhile, geopolitical tension is another risk factor. U.S. CPI data was followed in global markets yesterday. As the data printed at 3.2% in October, slightly below the 3.3% expectation, the perception that the Fed would not need to increase interest rates strengthened risk appetite. The U.S. and European Stock Markets closed the day with increases of up to 2.37%. This morning, the U.S. futures and German DAX futures remain positive, while Asian Stock Markets are also on a positive trend. We think that October PPI data to be announced today in the USA may also impact risk appetite. In general, we expect the uptrend in major global stock markets to strengthen as data indicating that the Fed will not continue to raise interest rates emerges. We also expect statements from Fed members and geopolitical developments to continue shaping risk appetite. On the domestic macroeconomic data front October Central Government Budget results emerge today. Considering the Treasury cash balance and recent borrowing structure, we expect the uptrend in the budget deficit to continue. The VIOP-30 Index ended the evening session up 0.40%. Although we expect the Benchmark Index to start Wednesday positively with reactionary purchases to follow, fluctuations will continue as rises lead to sales opportunities. SUPPORT: 7,577 - 7,496 RESISTANCE: 7,738 - 7,786.
Şeker Yatırım Menkul Değerler A.Ş.
www.sekeryatirim.com
 

                                  ***
                               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.