TFG Istanbul Morning Report (TFG Istanbul Menkul Değerler )

Stormy Markets: Sacrificial Feasts and Interest Rate Roulette
• The BIST100 wrapped up the day at 5,269 points, taking a tumble of 3.77%. The approaching sacrifice feast, coupled with the closure of credit positions ahead of the central bank's interest rate decision set to be unveiled this week, caused the market to hit the brakes and switch to panic mode. We expect selling to continue today.
• When it comes to foreign financial institutions' anticipation of interest rates from CBRT for June, Goldman Sachs stands tall with the highest prediction at a staggering 40%, while Standard Chartered takes the prize for the lowest estimate, coming in at a mere 14%
• Minister of Justice Yılmaz Tunç reported that they are working on the regulation limiting the rent increase rate to 25 percent, which will expire on 1 July 2023.
• European markets experienced a decline at the beginning of the trading week due to investors' concerns about the economic outlook. Construction and material stocks saw a drop of 2.5% due to worries about a potential mortgage crisis in the UK and a decrease in house asking prices.
• ECB Vice-President said that the slowdown in core inflation may be limited.
• In line with expectations, the People's Bank of China lowered the reference base interest rate, LPR, by 10 basis points.
AGENDA
• Domestic Central Government Debt Stock will be announced.
• PPI in Germany will be announced,
• Current Account Balance in Euro Zone will be announced.
COMPANY NEWS:
• KOCAER: The company received orders for new steel sections totalling 24.8US$mn. It is planned to complete the deliveries of high value-added products in the third quarter of the year.
• DITAS: An application was submitted to the CMB for raising the company's paid capital from 42.5 million TL to 92.5 million TL, with an increase of 50 million TL, at the rate of 117.6%.
• MERKO: It has been announced that the production of all machines ordered from Italy has been completed, and the construction works of the 6,000 m2 warehouse are continuing.
• KNFRT: It was registered that the registered capital ceiling of the company was increased from 132 million TL to 660 million TL.


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  www.tfgistanbul.com/arastirma-raporlar
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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.