MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

THE BIST-100 INDEX STARTED TUESDAY POSITIVELY, CONTINUED ITS UPTREND DESPITE HIGHER-THAN-EXPECTED INFLATION DATA, AND CLOSED THE DAY AT 13,875.32, UP 1.87%. ACCORDING TO DATA PUBLISHED BY TURKSTAT, CPI INCREASED BY 4.84% IN JANUARY COMPARED TO THE PREVIOUS MONTH, WHILE ANNUAL INFLATION REACHED 30.65% (PREVIOUS 30.89%). MARKET EXPECTATIONS WERE FOR INFLATION TO INCREASE BY 4.26% MONTHLY AND 29.96% ANNUALLY (SEKER: 4.5% MONTHLY AND 30.3% ANNUALLY). IN SECTORAL INDICES, THE INDUSTRIAL INDEX ROSE BY 1.85%, WHILE THE BANKING INDEX`S INCREASE WAS LIMITED TO 0.55%. THE COMMUNICATIONS INDEX, IN WHICH TURKCELL HAS A 79% INDEX WEIGHTING, WAS THE MOST POSITIVE PERFORMER YESTERDAY, UP 4.22% DUE TO THE POSITIVE PERFORMANCE OF THAT STOCK. THE INDEX THAT SHOWED THE MOST NEGATIVE DIVERGENCE WAS TOURISM, WITH A 1.74% LOSS. ON THE GLOBAL FRONT, ASIAN STOCK MARKETS CLOSED HIGHER YESTERDAY, WHILE U.S. AND EUROPEAN MARKETS CLOSED NEGATIVELY. IN THE U.S., SALES WERE DOMINANT IN TECHNOLOGY STOCKS YESTERDAY, WITH THE DOW JONES INDEX FALLING 0.34%, THE S&P 500 INDEX 0.84%, AND THE NASDAQ INDEX 1.43%. THE U.S. FEDERAL GOVERNMENT`S FOUR-DAY PARTIAL SHUTDOWN ENDED WITH PRESIDENT TRUMP SIGNING THE BUDGET PACKAGE APPROVED BY CONGRESS. ON THE OTHER HAND, TENSION BETWEEN THE U.S. AND IRAN ROSE AGAIN YESTERDAY AMID DEVELOPMENTS IN THE GULF OF OMAN. AN F-35C FIGHTER JET LAUNCHED FROM THE USS ABRAHAM LINCOLN, A US AIRCRAFT CARRIER PATROLLING THE GULF OF OMAN, SHOT DOWN AN IRANIAN DRONE IN SELF-DEFENSE, PROTECTING THE CARRIER AND ITS CREW. THE FEBRUARY FUTURES CONTRACT FOR THE VIOP INDEX FELL 0.26% IN THE EVENING SESSION. ASIAN STOCK MARKETS ARE GIVING A MIXED PERFORMANCE THIS MORNING. IN THE FUTURES MARKET, THE U.S. AND EUROPEAN FUTURES ARE TRADING RELATIVELY FLAT. WHILE THERE ARE NO MAJOR DOMESTIC DATA RELEASES TO SIGNIFICANTLY IMPACT MARKET PERFORMANCE, WE NOTE THE SERVICES SECTOR AND COMPOSITE PMI DATA, ALONG WITH THE U.S. ADP PRIVATE SECTOR EMPLOYMENT CHANGE DATA, GLOBALLY. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START FLAT TODAY, FOLLOWED BY A VOLATILE TRADING SESSION. SUPPORT: 13,750 - 13,650 RESISTANCE: 13,950 - 14,000.

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

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YASAL UYARI

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