Market Watch (Şeker Yatırım)

The BIST100 Index started Wednesday on a positive trend, but failed to maintain its strength thereafter, ending the day at 8,009.33, down 1.04% on profit taking. The Industrial Index and Banking Index lost 0.80% & 0.41%, respectively. The rising appeal of alternative income instruments and weak foreign inflows limit the rise at the BIST. In addition, rising stock loan interest rates curb investor interest. However, we foresee limited declines at the BIST due to the rational policies implemented and the ongoing decline in CDS. Risk appetite in global markets remains strong. Fed members reiterate that the Fed foresees no need to increase interest rates in December. Interest rate cuts as of June 2024 have started to be priced in by the markets. Major stock exchanges closed yesterday with mixed trends after the US 3rd quarter growth data exceeded expectations, and this morning the U.S. futures and DAX futures are on the rise, while Asian Stock Markets are following a mixed trend. The inflation indicator core PCE (personal consumption expenditures) data to be announced in the USA today will be followed. We expect statements from Fed members and economic data to continue impacting risk appetite. Locally, 3rd quarter GDP data will be announced today. The market expectation is that the Turkish economy will grow by 5.7% YoY in the third quarter. As Seker Invest, we expect annual growth of 5.5% in light of leading indicators. The VIOP-30 Index completed the evening session up 0.09%. Locally, we expect the Benchmark Index to start Thursday with a positive trend and to maintain the short-term uptrend, with buying to follow on from profit-taking. SUPPORT: 7,960 - 7,900 RESISTANCE: 8,060 - 8,150.
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.