Market Watch (Şeker Yatırım)

Outlook:

The BIST100 Index started Friday on a positive trend, following a downtrend thereafter to close at 9,389.62, down 0.33%. The Industrial Index lost 0.25% and the Banking Index declined 0.50%. On a weekly basis, the BIST100 rose 2.23%. While the Industrial Index gained 0.68%, the Banking Index diverged positively, up 6.36%. In the CBRT's presentation of its last inflation report of the year Governor Karahan left the door open for an interest rate cut in December. And so, a potential cut is now priced-in for next month. Purchases at the BIST are being led by the banks. If inflation-related developments in the medium term support interest rate cut expectations the positive trend at the BIST may continue, again led by the banks, despite occasional profit-taking. On the global front, while profit realizations were observed in the stock markets following last week's 'Trump rally,' the Dollar maintained its strong position. Asian and U.S. stock markets have lost an average of 3% of their value, while European counterparts have lost an average of 1%. This morning, the U.S. futures, German DAX futures and most Asian stock markets are trading positively. We think that the rising trend among major stock markets will continue as long as the expectation of global monetary loosening and economic recovery persists. The VIOP30 Index lost 0.19% in value during the Friday evening session. Locally, we expect the Benchmark Index to start Monday slightly positive, and attempt a rise if intraday profit-taking occurs. SUPPORT: 9,300 - 9,200 RESISTANCE: 9,500 - 9,600.


Şeker Yatırım Menkul Değerler A.Ş.

 www.sekeryatirim.com.tr

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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.