The BIST100 Index started Thursday on a negative trend, maintaining a fluctuating intraday course to close at 5,231.02, down 1.26%. The Banking Index continued to lead sales, declining 3.49%, and the Industrial Index shed a lesser 0.71%. We expect volatility in the Benchmark Index to continue ahead of the elections, expected to take place on 14 May. We expect possible stock and sector-based divergences during the balance sheet period. On the global front, the U.S. 4th quarter GDP growth data was followed yesterday, pointing to growth of 2.9%, hence above expectations of 2.6%. And as risk appetite strengthened after the data emerged, the U.S. Stock Markets closed the day with increases varying between 0.61%-1.76%. Asian and European Stock Markets also ended the day in positive territory. Today, core PCE data, which is considered the precursor to inflation in the USA, will be followed. We think that the data to be announced will be important in terms of risk appetite before the Fed, BoE and ECB meetings set for next week. U.S. futures were trading rather negatively this morning, while German Dax futures and Asian Stock Markets were on a bullish course. The VIX has moved close to 18, indicating low volatility in the U.S. stock markets and still strong risk appetite. Domestically, the VIOP-30 Index ended the evening session down 0.27%. Locally, we expect the Benchmark Index to start Friday with a negative trend and maintain its fluctuating and weak course throughout the day. SUPPORT: 5,194 - 5,090 RESISTANCE: 5,270 - 5,351.
Şeker Yatırım Menkul Değerler A.Ş.
www.sekeryatirim.com
***
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.