Market Watch (Şeker Yatırım)

The BIST100 Index started Wednesday on a negative trend, followed a weak and fluctuating intraday course and closed at 7,529.31, down 2.83%. While the Industrial Index lost 3.52%, the Banking Index diverged positively, down 0.93%. Sales in banking stocks remain limited due to the positive atmosphere surrounding the transition to rational policies, interest rate increases, and the decline in the CDS. Inflation accounting and high interest rates continue to pressure industrial stocks. Deposit interest rates are based at 50% across the BIST, and it seems that interest in the stock market has weakened due to the greater appeal of alternative income instruments and the rise in stock loan interest rates. In global markets, the Fed yesterday kept the interest rate constant in the range of 5.25-5.50%, in line with expectations. Speaking after the meeting, Chairman Powell stated that the possibility of an additional interest rate rise was not completely off the table. The timing of the interest rate cut was also discussed at Wednesday's meeting. While Powell's statements were seen as dovish, interest rate cut pricing in the markets was moved from May 2024 to March. Amid rising risk appetite the U.S. Stock Markets closed the day up 1.5%. This morning, the U.S. futures and German DAX futures are on the rise, while Asian Stock Markets observe a mixed trend due to regional data. Today, markets will follow the interest rate decisions of the ECB and BoE. While both banks are expected to keep interest rates constant, the messages to be given may impact risk appetite. The VIOP-30 Index ended the evening session up 1.00%. Locally, we expect the Benchmark Index to start Thursday with strong reactionary purchases. Yet, fluctuation may be expected to continue with gains presenting selling opportunities. SUPPORT: 7,520 - 7,446 RESISTANCE: 7,634 - 7,748.

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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.