Market Watch(Şeker Yatırım)

The BIST-100 Index started Friday on a positive trend and closed at 5,005.30, up 3.08%. The Banking Index rose 3.45% and the Industrial Index 3.08%. On a weekly basis, the Index rise was limited to 0.85%. In the major stock markets abroad, PPI inflation data from the U.S. exceeding expectations brought limited sales to the U.S. indices, while a positive weighted course was observed among Asian and European indices. On the global front, we think that economic data will continue to shape the performance of the bourses. This week the Fed, the European Central Bank, and the Bank of England are to announce their interest rate decisions. Statements from banks along with interest rate decisions may also impact risk appetite. The VIX Index is hovering above 22, indicating that volatility and selling pressure in the U.S. Stock Markets may regain strength. Over the weekend, the BRSA reduced banks' FC net general position/regulatory capital standard ratio to 5% from 20%. For the BIST 100 Index, which closed above 5,000, we think that the rise may continue unless another technical correction is entered. However, profit-taking may repeat in the Index, which has made a strong rise without significant correction over the past two months. The BIST is currently the only alternative investment instrument among TRY-based assets in an inflationary environment, and profit sales are experienced due to strong domestic investor demand. Yet we think that sharp pullbacks will present buying opportunities for the medium term. The VIOP-30 Index closed the Friday evening session down 0.04%. Relative to the BIST close, the U.S. and German DAX futures were in a negative trend. There was a negative trend among Asian Stock Markets, too. Locally, the Benchmark Index is expected to start the day with a limited positive trend despite the negative trend among banks after the last BRSA decision. We expect the rises to be viewed as a selling opportunity thereby sustaining Index volatility. SUPPORT: 4,947 - 4,884 RESISTANCE: 5,033 - 5,092.
Money Market:
The Lira was negative on Friday, weakening 0.01% compared to the USD to close to 18.6420. In addition, the currency appreciated by 0.01% against the basket composed of $0.50 and €0.50. Meanwhile, the local fixed income markets were relatively flat. The ten-year benchmark bond ending at 10.75%, unchanged from its previous closing.
Headlines:
Balance of Payments and Labor Force data for October will be published today. The market expectation is that the Current Account Deficit will be at USD1.63 billion in October. As Seker Invest, we expect a deficit of USD1.75 billion in the Current Account Balance. We continue to expect slowing economic activity in the labor market to accelerate upward momentum in the unemployment rate. Our detailed analyses will be published within the day.

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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.