Market Watch (Şeker Yatırım)

The BIST100 Index started Wednesday flat, then followed a positively-fluctuating course to close at 8,955.12, up 0.28%. While stocks of high index weight such as KCHOL, YKBNK and FROTO made the strongest contribution to the Benchmark Index, the Banking Index rose 0.88% and the Industrial Index climbed 0.41%. Despite reactionary purchases at the BIST over the past two days, short-term risks continue. Following the extra tightening steps taken recently, the Central Bank's interest rate decision and messages to appear in the decision text will be closely followed today. While the average market expectation, and ours, are for interest rates to remain constant, some market participants expect an increase. Our belief is that the fluctuating weak course may continue in the short term ahead of the election in parallel with these developments. Yet, we maintain our view that sharp withdrawals will present buying opportunities as rational policies continue to be implemented in the medium term. In global markets, the Fed meeting was followed yesterday. While the Fed kept the interest rate constant, in line with expectations, Chairman Powell, speaking after the meeting, gave the message that it would be appropriate to start reducing interest rates this year. With the expectation of 3 interest rate cuts maintained in the dot charts, the probability of an interest rate cut in June, which decreased to 55% after the latest economic data, rose again to 75%. As global risk appetite has strengthened, the U.S. Stock Markets closed midweek with increases of around 1%. This morning, the U.S. futures, German DAX futures and Asian Stock Markets are generally on the rise. We expect data and statements from Central Banks to continue guiding the markets. Today, global markets will follow the Bank of England meeting and global PMI data. The Central Bank's interest rate decision will be announced today locally. The VIOP30 Index ended the evening session up 0.44%. Locally, we expect the Benchmark Index to start Thursday with a positive trend and seek to continue its rise despite any intraday profit-taking. SUPPORT: 8,900 - 8,700 RESISTANCE: 9,000 - 9,100.

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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.