MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

THE BIST-100 INDEX STARTED WEDNESDAY POSITIVELY, FOLLOWED A BEARISH TREND THROUGHOUT THE DAY, AND CLOSED AT 14,598.47, DOWN 1.23%. THE BANKING INDEX FELL BY 1.33%, WHILE THE INDUSTRIAL INDEX DECREASED BY 1.38%. THE BROKERAGE FIRMS INDEX WAS THE STRONGEST PERFORMER OF THE DAY WITH A 3.02% INCREASE, WHILE THE FINANCIAL LEASING AND FACTORING INDEX WAS THE WEAKEST WITH A 9.06% DECREASE. THE VIOP JUNE FUTURES CONTRACT FOR THE NEAR-TERM INDEX ROSE BY 0.39% IN THE POSITIVE EVENING SESSION. ACCORDING TO THE BALANCE OF PAYMENTS STATISTICS PUBLISHED DOMESTICALLY, THE CURRENT ACCOUNT BALANCE FOR MARCH SHOWED A DEFICIT OF USD9,672 MILLION, WHILE THE TWELVE-MONTH CURRENT ACCOUNT DEFICIT REACHED USD39,724 MILLION. IN CONTRAST TO THE DOMESTIC TREND, GLOBAL EQUITY MARKETS WERE GENERALLY POSITIVE YESTERDAY. ON THE EUROPEAN SIDE, THE GERMAN DAX INDEX ROSE 0.76%, WHILE THE EURO STOXX 50 INDEX GAINED 1.02%. IN THE U.S. MARKETS, THE DOW JONES INDEX DIVERGED NEGATIVELY, DOWN 0.14%, WHILE THE S&P 500 INDEX ROSE 0.58% AND THE NASDAQ INDEX INCREASED BY 1.20%. ACCORDING TO DATA RELEASED YESTERDAY, U.S. PPI ROSE 1.4% MOM IN APRIL, SIGNIFICANTLY EXCEEDING THE MARKET EXPECTATION OF 0.5%. THIS MONTHLY INCREASE WAS THE STRONGEST RECORDED SINCE 2022. THUS, ANNUAL PRODUCER INFLATION IN THE U.S. ROSE TO 6.0%. DATA INDICATES THAT RISING ENERGY PRICES, IN PARTICULAR, ARE INCREASING PRESSURE ON PRODUCER COSTS, REVEALING THAT UPSIDE RISKS TO THE U.S. INFLATION OUTLOOK PERSIST. MEANWHILE, THE U.S. SENATE CONFIRMED KEVIN WARSH AS FED CHAIRMAN WITH A HISTORICALLY NARROW MARGIN, REIGNITING DEBATES ABOUT THE FED`S INDEPENDENCE AND INTEREST RATE PATH. TODAY, GLOBAL MARKETS ARE FOCUSED ON THE SUMMIT BETWEEN THE PRESIDENT TRUMP AND CHINESE LEADER XI JINPING. BEFORE THE TALKS, TRUMP STATED THAT RELATIONS BETWEEN THE U.S. AND CHINA WOULD BE `BETTER THAN EVER.` DOMESTICALLY, THE MAIN FOCUS FOR MARKETS TODAY WILL BE THE SECOND INFLATION REPORT OF THE YEAR. IN THE FIRST REPORT ON FEBRUARY 12TH, THE CBRT MAINTAINED ITS INFLATION TARGET FOR 2026 AT 16%, WHILE REVISING ITS INFLATION FORECAST RANGE UPWARDS FROM 13%-19% TO 15%-21%. MARKET EXPECTATIONS FOR TODAY`S REPORT ARE HIGHER, WITH UPWARD REVISIONS TO BOTH THE INFLATION TARGET AND THE FORECAST RANGE. THIS MORNING, THE SPOT PRICE OF BRENT CRUDE OIL IS TRADING NEAR USD104, SHOWING A LIMITED INCREASE. ASIAN STOCK MARKETS ARE GIVING MIXED PERFORMANCE. IN THE FUTURES MARKETS, POSITIVE PRICE MOVEMENTS ARE OBSERVED IN THE U.S. AND EUROPEAN INDEX FUTURES CONTRACTS. TODAY`S MACROECONOMIC DATA AGENDA INCLUDES, DOMESTICALLY, THE INFLATION REPORT, AS WELL AS THE CBRT’S FX RESERVES, WEEKLY SECURITIES STATISTICS, AND WEEKLY MONEY AND BANKING STATISTICS. GLOBALLY, WE WILL BE FOLLOWING THE U.S. RETAIL SALES AND WEEKLY JOBLESS CLAIMS DATA, ALONG WITH A SPEECH BY ECB PRESIDENT LAGARDE. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START THURSDAY WITH LIMITED POSITIVE MOMENTUM, FOLLOWED BY A VOLATILE INTRADAY COURSE. SUPPORT: 14,450 - 14,350 RESISTANCE: 14,750 - 14,850.

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

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YASAL UYARI

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