MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

THE BIST-100 INDEX STARTED THURSDAY ON A SLIGHTLY NEGATIVE TREND AT 11,540.61, CLOSING THE DAY AT ITS LOWEST INTRADAY LEVEL OF 11,220.37, DOWN 3.08%. THE CBRT, AT ITS OCTOBER MPC MEETING, LOWERED THE POLICY INTEREST RATE BY 100 BPS FROM 37% TO 36%, IN LINE WITH EXPECTATIONS, WHILE REDUCING THE OVERNIGHT LENDING RATE TO 39% AND THE BORROWING RATE TO 34.5%. THE DECISION STATEMENT EMPHASIZED THAT RECENT DEVELOPMENTS AND LEADING INDICATORS CONFIRMING A DECLINE IN THE MAIN TREND OF INFLATION WERE THE MAIN JUSTIFICATIONS FOR THE INTEREST RATE CUT, WHILE HIGHLIGHTING THE CONTINUED PRESENCE OF GEOPOLITICAL RISKS. IN THE SECTORAL OUTLOOK, THE BANKING INDEX FELL BY 3.62% AND THE INDUSTRIAL INDEX BY 3.12%. ON A DAY WHERE SELLING WAS WIDESPREAD AND ALL SECTOR INDICES DECLINED, THE REIT INDEX EXPERIENCED THE MOST LIMITED LOSS WITH A 1.91% DECREASE, WHILE THE MINING INDEX GAVE THE MOST NEGATIVE PERFORMANCE WITH A 7.52% DECREASE. THE VIOP OCTOBER FUTURES CONTRACT FOR THE NEAR-TERM INDEX CLOSED THURSDAY`S EVENING SESSION DOWN 0.01% FROM ITS NORMAL CLOSING PRICE, AFTER TRADING RELATIVELY FLAT. A BILL CONCERNING THE LIQUIDATION OF CERTAIN INVESTMENT FUNDS IN TURKIYE HAS BEEN PASSED BY THE GRAND NATIONAL ASSEMBLY OF TURKEY AND ENACTED INTO LAW. THE CMB, IN A PRESS RELEASE REGARDING SETTLEMENT FINALITY AND SHARE BLOCKING, STATED THAT THE BILL WOULD NOT AFFECT COMPLETED SETTLEMENT TRANSACTIONS AND THAT INSTRUCTIONS NOT YET SETTLED WOULD BE EVALUATED UNDER THE SAME CONDITIONS AS OTHER FUND INVESTORS WITHIN THE SCOPE OF THE LIQUIDATION. ACCORDING TO TCMB DATA, IN THE WEEK ENDING OCTOBER 16TH, NON-RESIDENT INVESTORS MADE NET SALES OF USD88.8 MILLION IN EQUITIES AND USD44.4 MILLION IN GOVERNMENT BONDS, ADJUSTED FOR PRICE AND EXCHANGE RATE EFFECTS. IN THE SAME WEEK, GROSS RESERVES DECREASED BY USD2.5 BILLION TO USD169.1 BILLION, AND NET RESERVES EXCLUDING SWAPS DECREASED BY USD4.9 BILLION TO USD39.3 BILLION. GLOBALLY, CONCERNS OVER AI INVESTMENTS AND RISING OIL PRICES HAVE LED TO SELLING PRESSURE IN U.S. MARKETS, PRIMARILY IN TECHNOLOGY STOCKS. IN THE U.S. STOCK MARKETS, THE DOW JONES INDEX CLOSED WITH A LIMITED POSITIVE GAIN OF 0.02%, WHILE THE S&P 500 INDEX FELL 1.21% AND THE NASDAQ INDEX, WHERE SELLING PRESSURE WAS MORE INTENSE, DROPPED 2.60%. A BEARISH SENTIMENT ALSO PREVAILED IN EUROPEAN MARKETS, WITH THE EURO STOXX 50 INDEX DOWN 1.96%, THE GERMAN DAX INDEX 1.07%, THE FRENCH CAC 40 INDEX 1.39%, AND THE UK FTSE 100 INDEX 0.26%. ON THE GEOPOLITICAL FRONT, ATTACKS ON ENERGY FACILITIES IN SAUDI ARABIA INCREASED CONCERNS OVER SUPPLY SECURITY, WHILE THE WHITE HOUSE STATED THAT NO ATTACKS WOULD BE LAUNCHED AGAINST IRAN BEFORE THE U.S. MIDTERM CONGRESSIONAL ELECTIONS ON NOVEMBER 3RD. IN THE OIL MARKET, THE RISK OF REGIONAL SUPPLY DISRUPTIONS REMAINS A CONCERN, WITH BRENT CRUDE TRADING AROUND USD110.20 THIS MORNING ON THE SPOT MARKET, UP APPROXIMATELY 1.0%. IN U.S. FUTURES, DOW JONES AND S&P 500 FUTURES CONTRACTS ARE SLIGHTLY BEARISH, WHILE NASDAQ 100 FUTURES ARE TRADING NEAR FLAT. EUROPEAN FUTURES ARE ALSO INDICATING A NEAR-FLAT OPENING. IN ASIA, JAPANESE AND SOUTH KOREAN STOCK MARKETS ARE DECLINING, WHILE HONG KONG AND CHINA ARE SHOWING POSITIVE DIVERGENCE. ON THE MACROECONOMIC DATA AGENDA FOR THE DAY, THE DOMESTIC FINANCIAL SERVICES CONFIDENCE INDEX WILL BE MONITORED. ABROAD, KEY EVENTS INCLUDE UK RETAIL SALES, PRELIMINARY MANUFACTURING AND SERVICES PMI DATA FOR EUROPE AND THE U.S. FOR OCTOBER, AND THE UNIVERSITY OF MICHIGAN CONSUMER SENTIMENT AND INFLATION EXPECTATIONS IN THE U.S. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START FRIDAY WITH LIMITED NEGATIVE GAINS AND TO EXPERIENCE INTRADAY VOLATILE TRADING.

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

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YASAL UYARI

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.