The BIST100 Index started Thursday on a positive trend, weakened after the CBRT interest rate decision and closed at 7,898.59, down 1.11%. While the Industrial Index lost 1.75%, the Banking Index diverged positively, up 1%. The CBRT raised the policy rate to 40% with an increase of 500 bps, above the market expectation of 250 bps. In the decision text it was stated that monetary tightening was now largely completed and would be discontinued shortly, emphasizing improvement on the inflation path. We think that with that improvement a final interest rate increase will be made and the cumulative effects of the tightening steps will be followed. Ongoing rational monetary policy steps will extend the decline in CDS, and may trigger foreign inflows. However, investor appetite for the BIST could remain limited by further rises in deposit/bond interest rates and stock loan interest rates. Although optimism in risk appetite continues in global markets, transaction volume ahead of the New Year remains weak. Yesterday, after the U.S. Stock Markets closed, Asian and European Stock Markets ended with increases. While the U.S. futures are positive this morning, German DAX futures are negative and Asian Stock Markets are mixed. Today will be a half trading day in the U.S. Stock Markets. We expect limited transaction volume in the run-up to Christmas. Overall, economic data, statements from Fed members and geopolitical developments will continue to shape risk appetite. The VIOP-30 Index closed the evening session down 0.14%. Locally, we expect the Benchmark Index to start Friday with a limited positive trend followed by a weak, fluctuating intraday course. SUPPORT: 7,853 - 7,740 RESISTANCE: 7,945 - 8,085.
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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.