MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

OUTLOOK:
THE BIST-100 INDEX STARTED FRIDAY NEGATIVELY AT 11,099.89, FLUCTUATING BETWEEN 10,759.56 AND 11,106.13 THROUGHOUT THE DAY, AND CLOSING AT 10,759.56, DOWN 3.64%, AT THE LOWEST INTRADAY TRADING LEVEL. THE BANKING INDEX FELL BY 3.06%, AND THE INDUSTRIAL INDEX BY 4.55%. THE STRONGEST PERFORMING SECTOR INDEX WAS INSURANCE, RISING BY 1.96%, WHILE THE WEAKEST WAS MINING, FALLING BY 9.86%. ON A WEEKLY BASIS, THE BIST-100 INDEX COMPLETED ITS SEVENTH CONSECUTIVE WEEK OF DECLINE, LOSING 3.22%. THE BANKING INDEX LOST 3.31% WEEKLY, WHILE THE INDUSTRIAL INDEX FELL BY 4.27%. THE DOMESTIC ECONOMIC CONFIDENCE INDEX FELL BY 3.9% MOM IN OCTOBER TO 97.3. THE DECLINE IN THE ECONOMIC CONFIDENCE INDEX WAS INFLUENCED BY DECREASES IN THE CONSUMER, REAL SECTOR, AND SERVICE SECTOR CONFIDENCE INDICES. THE FIRST INTERIM PAYMENTS IN FUNDS UNDER EXTRAORDINARY LIQUIDATION BEGAN ON OCTOBER 30TH. THE CMB HAS EXTENDED THE MEASURE REGARDING THE FLEXIBLE APPLICATION OF THE EQUITY RATIO IN LEVERAGED TRANSACTIONS UNTIL THE END OF TRADING ON NOVEMBER 13TH. GLOBALLY, A SELL-OFF DOMINATED U.S. STOCK MARKETS ON FRIDAY, WITH LOSSES IN TECHNOLOGY STOCKS BEING PARTICULARLY PROMINENT. THE DOW JONES INDEX FELL BY 1.09%, THE S&P 500 INDEX BY 1.82%, AND THE NASDAQ INDEX BY 2.86%. A SELL-OFF ALSO PREVAILED IN EUROPEAN MARKETS, WITH THE EURO STOXX 50 INDEX FALLING BY 1.22%, THE GERMAN DAX INDEX BY 0.85%, AND THE FRENCH CAC 40 INDEX BY 0.01%. THE UK FTSE 100 INDEX, HOWEVER, SHOWED A POSITIVE DIVERGENCE WITH A 0.07% INCREASE. ON THE GEOPOLITICAL FRONT, QATAR-LED TALKS AIMED AT ENDING THE WAR WITH IRAN CONTINUED OVER THE WEEKEND. WHILE EXPECTATIONS OF DIPLOMATIC PROGRESS PUT DOWNWARD PRESSURE ON OIL PRICES, SECURITY RISKS IN THE STRAIT OF HORMUZ REMAINED A CONCERN. AS THE NEW WEEK AND MONTH BEGIN, BRENT CRUDE OIL IS TRADING AT AROUND USD108.8 IN THE SPOT MARKET, DOWN APPROXIMATELY 2.6%. U.S. FUTURES ARE SHOWING BUYING INTEREST, WITH THE NASDAQ 100 CONTRACT RISING MORE THAN 1%. IN EUROPE, THE DAX AND EURO STOXX 50 FUTURES ARE ALSO INDICATING A LIMITED POSITIVE OPENING. ASIAN MARKETS ARE ALSO GENERALLY BULLISH. SOUTH KOREA`S KOSPI IS UP APPROXIMATELY 3% AND CHINA`S SHANGHAI INDEX IS UP CLOSE TO 1%, WHILE JAPAN`S NIKKEI IS EXPERIENCING LIMITED LOSSES. ON THE MACROECONOMIC DATA AGENDA FOR THE DAY, DOMESTICALLY, THE OCTOBER ISO MANUFACTURING PMI AND WEEKLY MONEY, BANKING, AND RESERVE STATISTICS WILL BE FOLLOWED. GLOBALLY, KEY EVENTS INCLUDE FINAL MANUFACTURING PMI DATA FROM EUROPE AND THE UK, U.S. ISM AND FINAL MANUFACTURING PMI DATA, CONSTRUCTION SPENDING, AND A SPEECH BY CHICAGO FED PRESIDENT GOALSBEE. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START MONDAY WITH LIMITED POSITIVE GAINS, FOLLOWED BY A VOLATILE INTRADAY COURSE.


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

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