TFG Istanbul Morning Report (TFG Istanbul Menkul Değerler )

" There was a sell-off in the US markets Friday with the increase of expectations of a rate hike by Fed in June. MSCI Asia is up by 0.4% this morning with the help of lower than expected inflation data from China. Meanwhile, US and EU futures are slightly down. We expect slightly positive opening for BIST as there are additional regulations announced in the favour of the banking sector front.
" Per the regulation published in the Official Gazette, TRY weight target that banks keep in their balance sheets reduced from 60% to 57% for required reserves.
" Pension Fund, Bağ-Kur and SSK retirees will receive a 25% increase in total for the second half of the year. The old age pension has been increased to TRY2,348, the disability pension of 40-69% has been increased to TRY1,874, and the disability pension of 70% and above has been increased to TRY2,811.
" Simsek stated that the Central Bank's fight against inflation will continue by reinforcing the harmony between monetary policy and fiscal policy.
" An agreement was signed between Turkey and Ukraine in order to support joint projects in the field of autonomous systems, engine R&D, production and maintenance activities, especially Unmanned Aerial Vehicles (UAV), through mutual cooperation in the field of strategic industries.
" President Erdogan stated that Mr. Putin will visit Türkiye in the next month.
" Biden stated that the war must be over for Ukraine's NATO membership to be evaluated.
" President Recep Tayyip Erdogan spoke on the phone with the president of the United States and Foreign Minister Fidan spoke on the phone with US Secretary of State Blinken and Russian Foreign Minister Lavrov.
" Speaking on her 4-day visit to Beijing, US Treasury Secretary Yellen said that her long and constructive talks with Chinese officials will help stabilize US-China relations.
" Annual inflation in China was 0.0%, below the expectation of 0.2%.
AGENDA
" The unemployment rate will be announced in Türkiye.
" NATO Secretary General Stoltenberg stated that On Monday, there will be a meeting hold in Vilnius with the participation of President Erdogan and Swedish Prime Minister Kristersson.
" US President Biden is scheduled to travel to the UK, Lithuania and Finland on 9 - 13 July.
" President Erdogan will visit Saudi Arabia, Qatar and the UAE on 17-19 July.
" The NATO Leaders' Summit will take place from 11 to 12 July.

COMPANY NEWS:
" TAVHL: It has been announced that a share sale agreement has been signed with Mada who has 50% share in TAHVL's subsidiary TIBAH. 24% of the shares of TIBAH which are owned by TAHVL will be sold to Mada for US$ 135mn.
" ALARK: It was announced that the company titled Alarko Fertilizer Factories with a capital of TRY400mn was registered.
" AYDEM: It was announced that the company's Eurobonds worth US$ 0.98mn were bought back and the transaction amount was US$ 0.86mn.
" YYLGD: The company signed a EUR55mn loan agreement with the EBRD to finance its ongoing investments and meet its working capital needs.
" GEDIK: it has been announced that GEDIK will be the Official Sponsor of Fenerbahce Football A Team for the 2023-2024 season.
" PSGYO: The company sold 12mn shares that it had bought which resulted in TRY5.4mn profit.
" EGGUB: It has been announced that the lawsuits filed against the Positive EIA report for the planned pier capacity increase and dredging project have been rejected.
" QUAGR: The capital of the company will be increased from TRY240mn today to TRY2.6bn with an increase of TRY2.4bn by 1.000% bonu

 TFG Istanbul Menkul Değerler A.Ş.
  www.tfgistanbul.com/arastirma-raporlar
                           ***
                  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.