Market Watch(Şeker Yatırım)

The BIST-100 Index started Monday on a negative trend, shifted to an uptrend thereafter and tested a new historical peak of 4,571. The Index closed at 4,570.20, up 2.14%. While global risk appetite, strengthened by U.S. CPI inflation printing below expectations, continued to lose momentum, major stock markets excluding the U.S. ended Monday with a rise. The latter ended the day down amid profit-taking after the BIST close. The BIST continues to rise, testing new historical peaks with the support of strong balance sheet statements and rallying global risk appetite. Since the BIST is currently the only alternative investment tool among TRY-based assets in a high inflation environment, the uptrend seems set to continue with interim adjustments until the next results season. For the BIST-100 Index, which has achieved a rapid rise of up to 15% since the start of November, we think that the possibility of profit-taking, albeit limited, has increased with the end of the balance sheet period. Yet despite profit sales, the uptrend will continue with the testing of new peaks in the medium term, as decreases present buying opportunities. If higher-than-expected PPI inflation emerges in the USA today it could trigger profit sales in global stock markets. The VIOP-30 Index closed the evening session up 0.41%. Relative to the BIST close, the U.S. and German DAX futures were slightly negative. There is a mixed trend with positive weight among Asian Stock Markets. While the BIST 100 Index is expected to start the day with a rise, we think that this may present a profit-taking opportunity, although such rises should continue throughout the day. SUPPORT: 4,552 - 4,467 RESISTANCE: 4,603 - 4,646.
Money Market:
The Lira was negative yesterday, weakening 0.45% compared to the USD to close to 18.6075. In addition, the currency depreciated by 0.41% against the basket composed of $0.50 and €0.50. Meanwhile, the local fixed income markets were positive. The ten-year benchmark bond was traded within a tight range of 11.94%-12.03%, ending the day at a low of 11.94%, 13 bps below its previous closing.
Headlines:
Central Government Budget Statistics for October will be announced today. We expect the expansionary monetary and fiscal policy to exert increasing pressure on the budget in the last quarter. Our detailed analysis after the data emerges will be published within the day.

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.