MARKET WATCH(SEKER YATIRIM)

MARKET WATCH(SEKER YATIRIM)

OUTLOOK:
THE BIST-100 INDEX STARTED MONDAY POSITIVELY AT 10,765.09 AND, AFTER FALLING TO 10,626.34 POINTS EARLY IN THE SESSION, REVERSED ITS DIRECTION POSITIVELY AMID BUYING ACTIVITY. ON STRENGTHENING BUYING IN THE AFTERNOON, THE BENCHMARK INDEX REACHED 11,007.60 TO CLOSE AT 10,961.67, UP 1.88%. THE BANKING INDEX SHOWED A POSITIVE DIVERGENCE, UP 4.24%, WHILE THE RISE IN THE INDUSTRIAL INDEX WAS LIMITED TO 0.65%. THE STRONGEST PERFORMING SECTOR INDEX WAS THE TRANSPORTATION INDEX WITH A 6.80% INCREASE, WHILE THE WEAKEST WAS THE SECURITIES INVESTMENT PARTNERSHIP INDEX WITH A 3.87% DECREASE. ICI`S TURKIYE MANUFACTURING PMI FELL FROM 47.9 IN OCTOBER TO 47.3, INDICATING A CONTINUED WEAKENING IN OPERATING CONDITIONS IN THE MANUFACTURING SECTOR. ACCORDING TO CBRT DATA, IN THE WEEK ENDING OCTOBER 23, FOREIGN INVESTORS MADE NET SALES OF USD100.0 MILLION IN EQUITIES AND USD183.8 MILLION IN GOVERNMENT BONDS, ADJUSTED FOR PRICE AND FX RATE EFFECTS. GLOBALLY, THE U.S. STOCK MARKETS GAVE A MIXED PERFORMANCE, WITH TECHNOLOGY STOCKS DIVERGING NEGATIVELY. THE U.S. ISM MANUFACTURING INDEX FOR OCTOBER CAME IN AT 55.5, COMPARED TO AN EXPECTATION OF 54.5. THE DOW JONES INDEX ROSE 0.41%, WHILE THE S&P 500 INDEX FELL 0.51% AND THE NASDAQ INDEX DECLINED 1.07%. EUROPEAN MARKETS, HOWEVER, SAW BUYING ACTIVITY. THE EURO STOXX 50 INDEX GAINED 0.78%, THE GERMAN DAX INDEX ROSE 0.63%, THE FRENCH CAC 40 INDEX ROSE 0.98%, AND THE UK FTSE 100 INDEX ROSE 0.29%. ON THE GEOPOLITICAL FRONT, PRESIDENT TRUMP STATED THAT THE BASIS FOR AN AGREEMENT WITH IRAN COULD BE PRESERVED, AND WHEN ASKED ABOUT WHETHER A MILITARY INTERVENTION WAS BEING CONSIDERED AFTER THE MIDTERM ELECTIONS, HE RESPONDED THAT NO DEFINITIVE DECISION HAD YET BEEN MADE REGARDING THE RESUMPTION OF OPERATIONS. THE CONTINUATION OF TALKS BETWEEN IRANIAN NEGOTIATORS AND QATAR IN DOHA KEPT EXPECTATIONS OF A DIPLOMATIC SOLUTION AND DEVELOPMENTS REGARDING ENERGY SUPPLY THE FOCUS OF THE MARKETS. EXPECTATIONS OF A DIPLOMATIC SOLUTION PUT DOWNWARD PRESSURE ON OIL PRICES, WITH BRENT CRUDE LOSING 7.42% IN THE SPOT MARKET YESTERDAY, CLOSING THE DAY AT USD103.43. AS THE NEW DAY BEGINS, THE U.S. MIDTERM ELECTIONS TAKING PLACE TODAY ARE THE MAIN POLITICAL ITEM ON THE GLOBAL AGENDA. THIS MORNING, U.S. FUTURES ARE SHOWING LIMITED SELLING PRESSURE, WHILE EUROPEAN FUTURES ARE POINTING TO A NEGATIVE OPENING. ASIAN MARKETS ARE ALSO SHOWING A SELL-OFF, WITH THE SOUTH KOREAN KOSPI DOWN APPROXIMATELY 3.8% AND THE SHANGHAI INDEX IN CHINA DOWN APPROXIMATELY 1.5%. THE HANG SENG IN HONG KONG IS SHOWING SLIGHT GAINS, WHILE JAPANESE MARKETS ARE CLOSED. THE OCTOBER INFLATION FIGURES, TO BE RELEASED AT 10:00 AM IN TURKIYE, STAND OUT. MARKET EXPECTATIONS ARE FOR A MONTHLY INCREASE OF 2.40% AND AN ANNUAL INCREASE OF 29.54% IN THE CPI IN OCTOBER. WE EXPECT A MONTHLY INFLATION RATE OF 2.45% AND AN ANNUAL RATE OF 29.60% FOR OCTOBER. ON THE GLOBAL FRONT, WE WILL BE WATCHING THE U.S. SEPTEMBER JOLTS JOB OPENINGS AND FACTORY ORDERS, THE NOVEMBER IBD/TIPP ECONOMIC OPTIMISM INDEX, AND WEEKLY API OIL INVENTORIES. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START TUESDAY WITH LIMITED POSITIVE MOMENTUM, FOLLOWED BY A VOLATILE INTRADAY COURSE.


SEKER YATIRIM MENKUL DEGERLER A.S
WWW.SEKERYATIRIM.COM.TR

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YASAL UYARI

BURADA YER ALAN YATIRIM BILGI, YORUM VE TAVSIYELER YATIRIM DANISMANLIGI KAPSAMINDA DEGILDIR.YATIRIM DANISMANLIGI HIZMETI ARACI KURUMLAR, PORTFOY YONETIM SIRKETLERI, MEVDUAT KABUL ETMEYEN BANKALAR ILE MUSTERI ARASINDA IMZALANACAK YATIRIM DANISMANLIGI SOZLESMESI CERCEVESINDE SUNULMAKTADIR.BURADA YER ALAN YORUM VE TAVSIYELER, YORUM VE TAVSIYEDE BULUNANLARIN KISISEL GORUSLERINE DAYANMAKTADIR.BU GORUSLER MALI DURUMUNUZ ILE RISK VE GETIRI TERCIHLERINIZE UYGUN OLMAYABILIR.BU NEDENLE, SADECE BURADA YER ALAN BILGILERE DAYANILARAK YATIRIM KARARI VERILMESI BEKLENTILERINIZE UYGUN SONUCLAR DOGURMAYABILIR.