MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

OUTLOOK:
THE BIST-100 INDEX STARTED TUESDAY POSITIVELY, FLUCTUATED BETWEEN 13,714.16 AND 13,935.10 POINTS THROUGHOUT THE DAY, AND CLOSED AT 13,741.89, DOWN 0.86%. THE BANKING INDEX SHOWED A POSITIVE DIVERGENCE, UP 0.67%, WHILE THE INDUSTRIAL INDEX SHOWED A NEGATIVE ONE, DOWN 2.08%. THE MINING INDEX WAS THE WEAKEST PERFORMER OF THE DAY, LOSING 4.57%, WHILE THE STRONGEST WAS THE FINANCIAL LEASING AND FACTORING INDEX, GAINING 2.99%. THE VIOP JUNE FUTURES CONTRACT FOR THE NEAR-TERM INDEX FELL BY 0.06% IN THE EVENING SESSION. GLOBALLY, TUESDAY SAW A MIXED PERFORMANCE IN EQUITY MARKETS. ON THE EUROPEAN SIDE, THE GERMAN DAX INDEX FELL BY 0.74%, WHILE THE EURO STOXX 50 INDEX DECLINED BY 0.24%. IN U.S. MARKETS, THE DOW JONES INDEX DIVERGED POSITIVELY WITH A 0.17% GAIN, WHILE THE S&P 500 INDEX FELL BY 0.26% AND THE NASDAQ INDEX BY 0.97%. FOLLOWING THE ANNOUNCEMENT BY CENTCOM THAT IT HAD CARRIED OUT A `PROPORTIONAL RESPONSE` OPERATION AGAINST IRAN IN RETALIATION FOR THE DOWNING OF A U.S. APACHE HELICOPTER OVER THE STRAIT OF HORMUZ, EXPLOSIONS WERE REPORTED IN AND AROUND THE CITY OF SIRIK, QESHM ISLAND, AND JASK IN HORMOZGAN PROVINCE, IRAN. IT WAS REPORTED THAT OPERATIONS TARGETING U.S. RADAR, AIR DEFENSE, AND COMMAND AND CONTROL ELEMENTS HAVE BEEN COMPLETED. DESPITE RISING TENSIONS IN THE MIDDLE EAST, BRENT CRUDE OIL IS TRADING AT USD90.5 THIS MORNING, DOWN 0.7%. ON THE STOCK MARKET SIDE, ASIAN BOURSES ARE GENERALLY EXPERIENCING SELLING PRESSURE, WITH THE KOSPI INDEX SHOWING A DECLINE EXCEEDING 6%. IN FUTURES MARKETS, U.S. FUTURES ARE NEGATIVE, WHILE EUROPEAN FUTURES ARE SHOWING LIMITED POSITIVE GAINS. TODAY`S MACROECONOMIC DATA AGENDA INCLUDES THE APRIL RETAIL SALES NUMBERS TO BE RELEASED BY TURKSTAT DOMESTICALLY, AND THE MAY U.S. CPI DATA ABROAD. MARKET EXPECTATIONS ARE FOR A 0.5% MONTHLY AND 4.2% ANNUAL INCREASE IN U.S. CPI. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START WEDNESDAY WITH LIMITED NEGATIVE GAINS AND EXPERIENCE VOLATILE INTRADAY TRADING THEREAFTER. SUPPORT: 13,650 - 13,550 RESISTANCE: 13,850 - 13,950


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WWW.SEKERYATIRIM.COM.TR

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