Market Watch (Şeker Yatırım)

The BIST 100 Index started Friday on a positive trend, but proved unable to hold onto its gains having encountered selling throughout the day. The Benchmark Index closed at 8,885.00, up 0.24%. The Industrial Index rose by 0.23%, while the Banking Index declined by 0.56%. On a weekly basis, the BIST100 dropped by 0.26%, the Industrial Index gained 0.52%, and the Banking Index lost 1.25%. International credit rating agency S&P has raised Turkey’s long-term credit rating from B+ to BB- in line with market expectations, revising the outlook from positive to stable. Since this decision aligns with expectations and is at the same level as Fitch’s recent assessment, we anticipate a limited market impact. Today, domestic inflation data for October will be released. Market expectations are for a 2.53% monthly increase and a 48.07% annual increase in CPI for October. We expect a 2.6% monthly and 48.2% annual inflation rate for October. We consider inflation data crucial to the continuation of the BIST's recent recovery trend. Data printing below expectations could support the bourse, while anything above may pressure it. In global markets, the U.S. non-farm payroll data released on Friday fell short of expectations, supporting interest rate cut expectations and boosting risk appetite. The U.S. and European Stock Markets closed the day with gains. As the new week begins, in which the U.S. election results will emerge, the U.S. futures and Asian markets are mixed, while the German DAX futures are flat. This week, due to significant agenda items of the U.S. presidential election and the Fed meeting, we expect high volatility in the markets. The VIOP30 Index declined by 0.05% in the Friday evening session. Locally, we anticipate the Benchmark index starting Monday with reaction purchases and sustaining its upward movement if any intraday selling pressure is countered with buying. SUPPORT: 8,750 - 8,650 RESISTANCE: 9,000 - 9,200.

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.