Market Watch (Şeker Yatırım)

The BIST100 Index started Friday positively, continued its positive course led by banks and closed at 9,155.32, up 1.12%. The Banking Index gained 3.05% and the Industrial Index rose 0.36%. On a weekly basis, the BIST100 continued its uptrend with an increase of 0.64% after a week's break, while the Banking Index gained 2.29% and the Industrial Index gained 0.41%. In its assessment published on Friday, international Rating Agency Fitch increased Turkey's credit rating from "B" to "B+" and raised its rating outlook from "stable" to "positive". We think that the market reaction to the rating increase decision, which exceeds its expectations, will be positive. Although positive catalysts have come to the fore again at the BIST after the short-term correction, we maintain our opinion that risk factors such as election uncertainty and the rising attractiveness of deposit interest remain valid. On the global front, non-agricultural employment data in the USA was followed on Friday. The data pointed to an increase of 275k, above the expected increase of 198k. The revision of the January expectation and the rise in unemployment rate from 3.7% to 3.9% initially supported risk appetite, and yet the major stock markets ended the day amid selling. This morning, the U.S. futures and German DAX futures are trading negatively, while Asian stock markets in general are priced positively. Global markets will continue to find direction from emerging data and statements from Fed members. This week at home; unemployment rate data on Monday, and industrial production and current account balance figures on Tuesday are out. Abroad, German and U.S. CPI data on Tuesday, Eurozone industrial production on Wednesday, and U.S. industrial production and capacity utilization data on Friday will hold market attention. The VIOP 30 Index ended the Friday evening session down 0.42%. Locally, we expect the Benchmark Index to start the day on a positive trend and sustain it despite any intraday profit-taking. SUPPORT: 8,900 - 8,750 RESISTANCE: 9,250 - 9,400.
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.