Market Watch (Şeker Yatırım)

Outlook:

The BIST100 Index started Thursday on a positive trend, maintained its course before noon, but then closed the day at 9,716.77, down 0.05%. This was due to rising sales pressure among bank stocks after the CBRT announced its interest rate decision. While the Industrial Index lost 0.31%, the Banking Index diverged negatively, down 3.91%. The CBRT has kept the policy rate constant at 50%, in line with market expectations. In the decision text it was stated that the cautious stance was maintained despite possible upward risks in inflation. After the decision, it was announced that the upper limit of the interest rate on required reserves in TL was increased. Thus, the aim is to encourage the transition from KKM to TL deposits. After the announced decision, banking stocks followed a downtrend. While the results and expectations for the 1Q results period are priced-in across BIST, the rising trend is maintained in the 100 Index. In global markets, the U.S. 1st Quarter growth data was followed yesterday. The data printed at 1.6% against expectations of 2.5% growth. Persistent high inflation had suppressed demand, resulting in weaker risk appetite. The possibility of an interest rate cut in September, which was priced at 70%+ before the data release, subsequently decreased to 60%. Yesterday, the U.S. and European Stock Markets closed with declines. This morning, the U.S. futures and Asian Stock Markets are positive while German DAX futures are negative. We expect global markets to continue navigating data and statements from Fed members. Core personal consumption data will be announced today in the USA. The VIOP30 Index completed the evening session up 0.18%. Locally, we expect the Benchmark Index to start Friday somewhat positively and seek to continue its rise throughout the day. SUPPORT: 9,600 - 9,450 RESISTANCE: 9,850 - 10,000.

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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.