Market Watch (Şeker Yatırım)

Outlook:
The BIST 100 Index started Wednesday on a positive trend but could not maintain its strength, remaining on a downtrend for the rest of the day. The Benchmark Index closed at 9,779.57, down 1.04%. The Industrial Index decreased by 1.14% and the Banking Index diverged relatively positively, down 0.01%. While the BIST maintains its weak course due to the lack of significant short-term expectations banking stocks, primarily affected by interest rate cuts, diverge positively. We expect the macroeconomic outlook to continue fluctuating. Yesterday, global markets followed the CPI data announced in the USA. The data printed at the highest level since August 2023, with a monthly rise of 0.5% and an annual increase of 3.0%, compared to expectations of a 0.3% monthly increase and 2.9% annual increase. Following the data, Fed Chairman Powell said that there was still a lot of work to do on inflation, while expectations for an interest rate cut from the Fed for 2025 decreased to 1. Yesterday, the U.S. stock markets closed the day with a decline, apart from the Nasdaq, which rose slightly. On the other hand, Powell stated that an agreement would be reached on the ceasefire regarding Ukraine after the phone call between President Trump and Russian President Putin. This morning, German DAX futures, U.S. futures and Asian stock markets are trending positively. Today, global markets will follow PPI data from the USA. On the domestic front, balance of payments data for December is out today. The market expectation is for a deficit of USD 4bn. We expect a current account deficit of USD 4.25bn. The VIOP30 Index completed the evening session up 0.54%. Locally, we expect the Benchmark Index to start Thursday on a positive trend, and then attempt to rise if sales are met. SUPPORT: 9,750 - 9,650 RESISTANCE: 9,900 - 10,000.


Şeker Yatırım Menkul Değerler A.Ş.

 www.sekeryatirim.com.tr

                                  ***
                               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.