Market Watch (Şeker Yatırım)

Outlook:
The BIST100 Index, which started Friday somewhat positively, followed a weak and fluctuating intraday trend to close 0.62% lower at 8,828.70. The Banking Index fell 0.97% while the Industrial Index lost 0.78%. On a weekly basis, the BIST100 Index, which ended five consecutive trading days with a decline, lost 3.57% in value, while the Banking Index fell 4.72% and the Industrial Index lost 4.06%. Recently elevated volatility on the currency front and the rise in TRY deposit interest rates to three-month highs limit appetite for the BIST. Furthermore, expectations that the recent additional tightening steps will continue following the elections raise concerns over growth, while rising foreign fund outflows ahead of the elections also pressure the BIST. Despite short-term risks, we think that foreign investor interest will increase as rational policies continue to be implemented in the medium-long term, whereby sharp corrections will be considered as buying opportunities. While mixed trends were observed in global markets last week, major bourses ended the week with values ranging from a 2.5% decline to a 2.5% increase. Amid suppresed risk appetite, especially after the US inflation data, the probability of an interest rate cut at the Fed's June meeting fell to 55%. This week, global markets will follow the Eurozone CPI print today, the Fed meeting on Wednesday, and the Bank of England meeting and global PMI data on Thursday. Any data or statements indicating a postponement of the interest rate cut process may increase pressure on risk appetite. Conversely, risk appetite may be supported. This morning, US futures, German DAX futures and Asian indices are trending with buyers. Domestically, the CBRT's interest rate decision will be followed on Thursday. The VIOP30 index ended the Friday evening session with a decline of 0.31%. We expect the Benchmark Index to start Monday on a flattish course followed by attempts to regain the uptrend through reactionary buying. SUPPORT: 8,750 - 8,600 - RESISTANCE: 9,000 - 9,250


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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.