MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

OUTLOOK:
THE BIST-100 INDEX STARTED WEDNESDAY WITH A SLIGHTLY NEGATIVE TREND AT 14,110.46, FOLLOWED A BULLISH PERFORMANCE THROUGHOUT THE DAY. STRENGTHENED BY BUYING ACTIVITY IN THE AFTERNOON, THE INDEX TESTED 14,395.02 AND CLOSED AT 14,350.60, UP 1.62%. THE BANKING INDEX CLIMBED 1.35%, WHILE THE INDUSTRIAL INDEX INCREASE WAS LIMITED TO 0.79%. THE WEAKEST PERFORMER OF THE DAY WAS THE INSURANCE INDEX, WHICH LOST 1.38% WHILE THE TECHNOLOGY INDEX, IN WHICH ASELSAN HAS A 66% INDEX WEIGHTING, GAINED 5.41%, BECOMING THE DAY`S STRONGEST PERFORMER DUE TO THE STRONG RISE IN THE STOCK. THE VIOP AUGUST FUTURES FOR THE NEAR-TERM INDEX FELL BY 0.12% IN THE EVENING SESSION. GLOBAL EQUITY MARKETS GAVE A MIXED PERFORMANCE YESTERDAY. ON THE EUROPEAN SIDE, THE GERMAN DAX INDEX DIVERGED POSITIVELY WITH A 0.18% INCREASE, WHILE THE EURO STOXX 50 INDEX FELL BY 0.70%. IN THE U.S. MARKETS, RISK APPETITE WAS WEAK, WITH THE DOW JONES INDEX DOWN 0.03%, THE S&P 500 INDEX DOWN 0.22%, AND THE NASDAQ INDEX DOWN 0.66%. THE ADP PRIVATE SECTOR EMPLOYMENT REPORT IN THE U.S., SHOWING 98,000 JOBS, BELOW THE CONSENSUS ESTIMATE OF 118,000, INDICATED A COOLING LABOR MARKET THAT COULD BROADEN THE FED`S ROOM FOR MONETARY EASING. MEANWHILE IN THE EUROZONE, HEADLINE INFLATION FELL TO 2.8%, BELOW THE 3% EXPECTATION, BREAKING THE UPTREND IN EFFECT SINCE JANUARY, AND CREATING A FAVORABLE ENVIRONMENT FOR BOTH MAJOR CENTRAL BANKS TO CUT INTEREST RATES. SPEAKING AT THE CENTRAL BANKING FORUM IN PORTUGAL, FED CHAIRMAN KEVIN WARSH STATED THAT INFLATION EXPECTATIONS AND RISKS HAVE DECLINED IN RECENT WEEKS, REITERATING THAT HE WOULD PROVIDE NO GUIDANCE ON THE COURSE OF MONETARY POLICY. ECB PRESIDENT CHRISTINE LAGARDE STATED THAT, DUE TO THE PULLBACK IN OIL PRICES, THE RISKS TO INFLATION AND GROWTH IN THE EUROZONE HAVE BECOME MORE BALANCED COMPARED TO A FEW WEEKS AGO. INDIRECT U.S.-IRAN TALKS IN DOHA, MEDIATED BY QATAR AND PAKISTAN, FOCUSING ON MARITIME TRAFFIC AND FROZEN FUNDS RATHER THAN NUCLEAR ISSUES, ENDED WITHOUT CONCRETE PROGRESS ON A LASTING PEACE. PRESIDENT TRUMP ARGUED THAT THE U.S. LOSING CONTROL OF THE PANAMA CANAL WAS A MISTAKE, STATING THAT THEY WOULD NOT ALLOW CHINA TO TAKE OVER THE CANAL. AS THE NEW DAY BEGINS, OIL PRICES CONTINUE THEIR DOWNTREND. THE SPOT PRICE OF BRENT CRUDE IS TRADING BELOW USD71 THIS MORNING. IN STOCK MARKETS, ASIAN BOURSES ARE GENERALLY NEGATIVE. IN FUTURES MARKETS, U.S. AND EUROPEAN FUTURES ARE TRADING RELATIVELY FLAT. TODAY`S MACROECONOMIC DATA AGENDA INCLUDES, DOMESTICALLY, THE CBRT`S FX RESERVES, WEEKLY MONEY AND BANKING STATISTICS, AND WEEKLY SECURITIES STATISTICS. ON THE GLOBAL FRONT, THE EUROZONE UNEMPLOYMENT RATE AND U.S. NON-FARM PAYROLLS DATA STANDS OUT. MARKET EXPECTATIONS ARE FOR A 114,000 INCREASE IN U.S. NON-FARM PAYROLLS IN JUNE. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START THURSDAY WITH A LIMITED POSITIVE TREND, FOLLOWED BY VOLATILE INTRADAY MOVEMENTS. SUPPORT: 14,260 - 14,120 RESISTANCE: 14,490 - 14,620.


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

***
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.