MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

THE BIST-100 INDEX STARTED THURSDAY WITH LIMITED POSITIVE GAINS AT 14,382.06 POINTS, FLUCTUATING POSITIVELY THROUGHOUT THE DAY, RANGING BETWEEN 14,379.22 AND 14,487.16 POINTS TO CLOSE AT 14,455.03, UP 0.73%. THE BANKING INDEX SAW A LIMITED RISE OF 0.17%, WHILE THE INDUSTRIAL INDEX STOOD OUT WITH A 0.92% GAIN. THE WEAKEST PERFORMER OF THE DAY WAS THE BROKERAGE FIRMS INDEX, WHICH FELL BY 4.34%, WHILE THE STRONGEST WAS THE METAL GOODS AND MACHINERY INDEX, WHICH GAINED 3.00%. THE VIOP AUGUST FUTURES CONTRACT FOR THE NEAR-TERM INDEX RECORDED A LIMITED DECLINE OF 0.11% IN THE EVENING SESSION. ACCORDING TO CBRT DATA, IN THE WEEK ENDING JUNE 26, FOREIGN INVESTORS MADE NET WEEKLY PURCHASES OF USD203 MILLION IN EQUITIES AND NET WEEKLY PURCHASES OF USD448 MILLION IN GOVERNMENT BONDS. IN THE SAME WEEK, GROSS RESERVES DECREASED BY 5.1% TO USD149.2 BILLION. NET RESERVES EXCLUDING SWAPS FELL TO USD28 BILLION. FOREIGN MINISTER HAKAN FIDAN STATED THAT PRESIDENT ERDOGAN AND PRESIDENT TRUMP ARE IN AGREEMENT REGARDING THE PROCESS OF LIFTING CAATSA SANCTIONS. FIDAN EXPRESSED HIS EXPECTATION THAT THE BAN ON F-35 SALES WOULD ALSO BE LIFTED FOLLOWING THE LIFTING OF THOSE SANCTIONS. POSITIVE PRICE MOVEMENTS PREVAILED IN GLOBAL STOCK MARKETS YESTERDAY. IN EUROPE, THE GERMAN DAX INDEX ROSE BY 2.16%, AND THE EURO STOXX 50 INDEX BY 1.35%. IN U.S. MARKETS, THE DOW JONES INDEX SHOWED A POSITIVE DIVERGENCE, UP 1.14%, WHILE THE S&P 500 INDEX CLOSED FLAT. THE NASDAQ INDEX DIVERGED NEGATIVELY, DOWN 0.80%. ACCORDING TO DATA RELEASED YESTERDAY, NON-FARM PAYROLLS IN THE U.S. ROSE BY 57,000 IN JUNE, FALLING SHORT OF MARKET EXPECTATIONS OF 113,000. THE WEAK EMPLOYMENT FIGURES HAVE POSTPONED EXPECTATIONS OF A FED INTEREST RATE HIKE, WHILE ATTEMPTS BY THE TRUMP ADMINISTRATION TO INCREASE ITS INFLUENCE OVER THE FED HAVE BEEN WIDELY REPORTED IN THE PRESS. DESPITE THE SUPREME COURT BLOCKING TRUMP`S ATTEMPT TO REMOVE FED GOVERNOR LISA COOK, IT WAS REPORTED THAT ALTERNATIVE WAYS WERE BEING SOUGHT TO MAKE ROOM FOR TRUMP`S CLOSE ASSOCIATES ON THE FED BOARD OF GOVERNORS. ON THE U.S.-IRAN FRONT, TRUMP STATED IN AN INTERVIEW WITH CNBC THAT NEGOTIATIONS WITH IRAN WERE CONTINUING, SAYING, `I THINK THEY’VE (IRAN) AGREED TO JUST ABOUT EVERYTHING WE NEED.` AS THE WEEK`S FINAL TRADING DAY BEGINS, POSITIVE PRICE MOVEMENTS ARE OBSERVED IN ASIAN STOCK MARKETS. IN FUTURES MARKETS, U.S. AND EUROPEAN FUTURES ARE ALSO TRADING POSITIVELY. ON THE DAY`S MACROECONOMIC DATA AGENDA, DOMESTIC INFLATION DATA FOR JUNE IS THE MARKET FOCUS. MARKET EXPECTATIONS ARE FOR A MONTHLY INCREASE OF 0.98% AND AN ANNUAL RISE OF 32.09% FROM CPI IN JUNE. WE EXPECT MONTHLY INFLATION OF 0.95% AND ANNUAL INFLATION OF 32.07% IN JUNE. GLOBALLY, THE SERVICES SECTOR AND COMPOSITE PMI DATA TO BE RELEASED IN EUROPE TODAY WILL BE MONITORED. MARKETS IN THE U.S. WILL BE CLOSED FOR INDEPENDENCE DAY CELEBRATIONS. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START FRIDAY WITH A LIMITED POSITIVE TREND, AND THEN TAKE ITS DIRECTION FROM THE INFLATION DATA TO BE RELEASED LATER IN THE DAY. SUPPORT: 14,390 - 14,330 RESISTANCE: 14,500 - 14,550.
SEKER YATIRIM MENKUL DEGERLER A.S
WWW.SEKERYATIRIM.COM.TR

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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.