Market Watch(Şeker Yatırım)

The BIST-100 Index started Wednesday on a positive trend, tested a new high of 5,302, and followed a fluctuating intraday course to close at 5,066.50, down 3.61% with sales at the close on political news flow. However, the BIST is currently the only alternative investment instrument among TRY-based assets in an inflationary environment, and so any sharp pullbacks will be used as a buying opportunity for the medium term. On the global side, the Fed meeting was followed yesterday. In line with expectations, the Fed increased interest rates by 50 bps to the range of 4.25%-4.50%. The Fed also predicted a 5.1% interest rate for the end of 2023 in the dot chart. In the projections, it was noted that growth data for 2023 was revised downwards and unemployment data revised upwards. President Powell made statements that interest rate cuts would not take place until seeing a convincing decrease in inflation. Powell's statements suppressed risk appetite in the markets that had thought the end of tight monetary policy was approaching. Thus, the U.S. indices ended the day with a decline. However, the VIX Index hovers around 21, indicating reduced volatility. If the Index is below 21, it will indicate that the uptrend in the U.S. Stock Markets will gain momentum again. Today, the Bank of England BoE and the European Central Bank ECB's interest rate decisions will be followed. The market is pricing in that both banks will increase interest rates by 50 bps each. The statements regarding continuation of the tight policy stance may continue to suppress risk appetite. There was a negative trend in German DAX futures and Asian indices, while the U.S. futures were moving positively. The VIOP-30 Index closed the evening session up 1.22%. Locally, the BIST-100 Index is expected to start with reactionary purchases and continue to rise throughout the day. We expect the volatile course of the Index to continue, with rises presenting selling opportunities. SUPPORT: 5,048 - 4,884 RESISTANCE: 5,168 - 5,238.
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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.