Market Watch (Şeker Yatırım)

The BIST100 Index started Friday on a positive trend and fluctuated around 10,000 during the day. The Benchmark Index closed at 9,910.61, down 0.90% amid rising selling pressure in parallel with the global markets towards the end of trading. On a weekly basis, the BIST100 lost 1.63%, the Industrial Index fell 1.82%, and the Banking Index decreased by 1.40%. Profit sales were observed at the BIST last week once short-term expectations were realized with the start of interest rate cuts and with the acceleration of disinflation in December. While we consider short-term profit sales normal we do not expect them to be permanent given the current outlook. As interest rate cuts continue, we maintain our expectation that appetite for the BIST will continue to increase, led by the banks. On the global front, the U.S. non-farm employment data announced on Friday pointed to a rise of 256k, well above the expectations of an increase of 164k. This data supports the view that the Fed will keep interest rates high for longer, as well as the strong Dollar theme, prompting sales in higher-risk assets on Friday. Last week the U.S. stock markets lost an average of 2%, Asian stock markets lost 1.3%, while European stock markets gained 1.3%. This morning Asian stock markets, U.S. futures and German DAX futures are following a negative trend. We expect the markets to continue navigating data releases. Today, the data agenda in major economies is calm. Locally, balance of payments data for November is out today. The market expectation is for a current account deficit of USD 3bn. We expect a current account deficit of USD 2.85bn. The VIOP30 Index ended the Friday evening session up 0.11%. We expect the Benchmark Index to start Monday with reaction purchases and continue its fluctuating course thereafter. SUPPORT: 9,850 - 9,750 RESISTANCE: 10,150 - 10,250.

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.