MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

OUTLOOK:
THE BIST-100 INDEX STARTED LAST FRIDAY AMID SELLING PRESSURE, FLUCTUATING BETWEEN 12,980.98-13,109.70 DURING THE DAY, AND CLOSING AT 13,047.72, DOWN 0.51%. ON A SECTORAL BASIS, THE INDUSTRIAL INDEX FELL BY 0.07%, WHILE THE BANKING INDEX GAVE THE DAY`S WEAKEST PERFORMANCE WITH A 1.84% DECREASE. IN CONTRAST, THE INSURANCE INDEX WAS THE MOST POSITIVE PERFORMER, RISING BY 2.35%. ON A WEEKLY BASIS, THE BIST 100 INDEX LOST 1.79%, THE INDUSTRIAL INDEX LOST 2.04%, AND THE BANKING INDEX LOST 3.17%. GLOBALLY, RISK APPETITE REMAINED WEAK ON FRIDAY, AS DOMESTIC MARKETS WERE CLOSED FOR THE EID HOLIDAY. IN THE U.S., THE DOW JONES INDEX FELL 0.96%, THE S&P 500 INDEX 1.51%, AND THE NASDAQ INDEX 2.01%, WHILE IN EUROPE, THE GERMAN DAX INDEX DECLINED 2.01% AND THE EURO STOXX 50 INDEX 2.00%. AS THE ONGOING U.S.-ISRAEL-IRAN CONFLICT ENTERED ITS 24TH DAY, CLASHES BETWEEN THE TWO SIDES ESCALATED SIGNIFICANTLY OVER THE WEEKEND. ISRAEL LAUNCHED LARGE-SCALE AIRSTRIKES TARGETING HUNDREDS OF TARGETS IN IRAN, PRIMARILY MISSILE PRODUCTION FACILITIES AND MILITARY INFRASTRUCTURE, WHILE IRAN RESPONDED WITH ONE OF ITS HARSHEST RETALIATORY STRIKES TO DATE, LAUNCHING INTENSE BALLISTIC MISSILE ATTACKS ON TEL AVIV AND SURROUNDING CITIES, WITH SOME MISSILES PENETRATING AIR DEFENSE SYSTEMS AND CAUSING SIGNIFICANT DAMAGE. THE U.S., WHILE CONTINUING ITS OPERATIONS AGAINST IRANIAN DRONES AND MILITARY ASSETS, HAS INCREASED PRESSURE TO KEEP THE STRAIT OF HORMUZ OPEN AND HAS SIGNALED THAT IT MAY TARGET ENERGY INFRASTRUCTURE. IN RESPONSE, IRAN HAS REITERATED ITS THREAT TO TARGET THE U.S. BASES AND ENERGY PIPELINES IN THE GULF, AND TO CLOSE THE STRAIT OF HORMUZ. AS OF THIS MORNING, NEW EXPLOSIONS HAVE OCCURRED IN TEHRAN, WHILE U.S. MILITARY ACTIVITY IN THE PERSIAN GULF HAS INCREASED AND THE LEVEL OF MUTUAL THREATS HAS ESCALATED. THE RISK OF THE CONFLICT PROLONGING AND POTENTIALLY EXPANDING REGIONALLY CONTINUES TO WEIGH ON THE MARKETS. ASIAN MARKETS ARE SHOWING SELLING PRESSURE THIS MORNING. THE U.S. AND EUROPEAN FUTURES INDICES ARE ALSO TRADING NEGATIVELY. TODAY`S MACROECONOMIC DATA AGENDA INCLUDES THE CONSUMER CONFIDENCE INDEX, WEEKLY MONEY AND BANKING STATISTICS, AND CENTRAL GOVERNMENT DEBT STOCK STATISTICS. GLOBALLY, KEY INDICATORS INCLUDE U.S. CONSTRUCTION SPENDING, THE CHICAGO FED INDEX, AND THE EUROZONE CONSUMER CONFIDENCE INDEX. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START THE NEW WEEK NEGATIVELY AND EXPERIENCE VOLATILE INTRADAY MOVEMENTS. SUPPORT: 12,900 - 12,800 RESISTANCE: 13,150 - 13,250.


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

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