MARKET WATCH (SEKER YATIRIM)

MARKET WATCH (SEKER YATIRIM)

THE BIST-100 INDEX STARTED WEDNESDAY FLAT AT 11,150.96, FLUCTUATING BETWEEN 11,080.38 AND 11,211.31 DURING THE HALF-DAY SESSION. THE BENCHMARK INDEX CLOSED THE DAY AT 11,165.44, UP 0.13%. THE INDUSTRIAL INDEX LOST 0.41%, WHILE THE BANKING INDEX DIVERGED NEGATIVELY, DOWN 1.60%. THE STRONGEST PERFORMING SECTOR INDEX OF THE DAY WAS THE TECHNOLOGY INDEX WITH A 4.32% RISE, WHILE THE WEAKEST PERFORMANCE WAS SHOWN BY THE FINANCIAL LEASING AND FACTORING INDEX WITH A 2.92% DECREASE. IN VIOP, THE EVENING SESSION WAS NOT HELD ON WEDNESDAY DUE TO THE HALF-DAY TRADING HOURS AND NO TRADING TOOK PLACE ON THURSDAY DUE TO REPUBLIC DAY. IN TURKIYE, THE FUND COORDINATION BOARD ANNOUNCED AT ITS 8TH MEETING THAT THE FIRST INTERIM PAYMENTS TO FUNDS UNDER EXTRAORDINARY LIQUIDATION ARE EXPECTED TO BEGIN ON OCTOBER 30TH. IT WAS REPORTED THAT THE NUMBER OF FUNDS IN LIQUIDATION HAS DECREASED FROM 131 TO 38, AND THAT A TOTAL OF TRY 68 BILLION IN IN-KIND AND CASH PAYMENTS HAVE BEEN MADE TO 71,899 ACCOUNTS TO DATE. THE CMB ANNOUNCED THAT CLAIMS THAT FOREIGN FINANCIAL INSTITUTIONS HAD CLOSED THEIR POSITIONS AND DIVESTED ASSETS IN CERTAIN CAPITAL MARKET INSTRUMENTS AFTER ACHIEVING HIGH PROFITS DO NOT REFLECT THE TRUTH. GLOBALLY, YESTERDAY SAW SELLING PRESSURE IN THE U.S. STOCK MARKETS, WITH LOSSES IN TECHNOLOGY STOCKS BEING PARTICULARLY PROMINENT. THE U.S. ECONOMY GREW BY 3.4% ON AN ANNUALIZED BASIS IN THE THIRD QUARTER, EXCEEDING EXPECTATIONS OF 3.2%. SEPTEMBER CORE PCE INFLATION WAS IN LINE WITH EXPECTATIONS, AT 0.3% MONTHLY AND 3.1% ANNUALLY. THE DOW JONES INDEX HAD FALLEN 0.25%, THE S&P 500 INDEX 0.30%, AND THE NASDAQ INDEX 1.38% BY THE END OF THE DAY. A POSITIVE OUTLOOK PREVAILED IN EUROPEAN MARKETS. THE EURO STOXX 50 INDEX ROSE 0.72%, THE GERMAN DAX INDEX INCREASED BY 1.31%, THE FRENCH CAC 40 INDEX BY 1.05%, AND THE UK FTSE 100 INDEX BY 0.26%. AT ITS OCTOBER 28 MEETING, THE FED KEPT ITS POLICY INTEREST RATE UNCHANGED AT 3.75%-4.00%, MAINTAINING A CAUTIOUS STANCE ON MONETARY POLICY DUE TO INFLATION STILL REMAINING ABOVE TARGET. THE DECISION WAS MADE WITH A 10-2 VOTE. WARSH SIGNALED THAT THEY WOULD NOT RUSH INTO INTEREST RATE CUTS, INDICATING THAT STRONG ECONOMIC ACTIVITY AND PERSISTENT INFLATION RISKS MAY NECESSITATE KEEPING RATES HIGH FOR A LONGER PERIOD. THE ECB, AT ITS OCTOBER 29 MEETING, KEPT THE INTEREST RATE UNCHANGED. ANOTHER SIGNIFICANT DEVELOPMENT IN THE EUROZONE WAS THE DECISION BY ECB PRESIDENT CHRISTINE LAGARDE TO STEP DOWN EARLY IN FEBRUARY 2027, BEFORE THE END OF HER TERM. ON THE GEOPOLITICAL FRONT, HOUTHI ATTACKS AGAINST SAUDI ARABIA CONTINUED. THE SAUDI-LED COALITION ANNOUNCED THAT A DRONE AND CRUISE MISSILE LAUNCHED BY THE IRANIAN-BACKED HOUTHIS IN YEMEN, TARGETING THE MECCA REGION, WERE INTERCEPTED AND DESTROYED IN MID-AIR. MEANWHILE, NEWS THAT THREE TANKERS STRUCK MINES IN THE STRAIT OF HORMUZ WHILE EN ROUTE WITHOUT PERMISSION KEPT CONCERNS ABOUT ENERGY SUPPLY HIGH. THIS MORNING, BRENT CRUDE OIL IS TRADING AROUND USD 111.60 IN THE SPOT MARKET, UP APPROXIMATELY 0.5%. WHILE A SELL-OFF IS OBSERVED IN U.S. FUTURES, THE NASDAQ 100 CONTRACT IS NOTABLE FOR ITS DECLINE OF APPROXIMATELY 1.8%. IN EUROPE, DAX AND EURO STOXX 50 FUTURES INDICATE A LIMITED NEGATIVE OPENING. IN ASIA, SELLING PRESSURE IS PROMINENT IN JAPAN AND SOUTH KOREA, WITH THE NIKKEI FALLING BY OVER 2% AND THE KOSPI BY OVER 4%. THE HANG SENG IN HONG KONG, HOWEVER, IS SHOWING A POSITIVE DIVERGENCE WITH A RISE OF APPROXIMATELY 2%. ON THE MACROECONOMIC DATA CALENDAR FOR THE DAY, DOMESTICALLY, THE OCTOBER ECONOMIC CONFIDENCE INDEX, THIRD-QUARTER TOURISM STATISTICS, THE CBRT ANALYTICAL BALANCE SHEET, AND THE CBRT MPC MEETING MINUTES WILL BE FOLLOWED. GLOBALLY, KEY EVENTS INCLUDE GERMAN AND EUROZONE GROWTH DATA, GERMAN CPI, THE U.S. EMPLOYMENT COST INDEX, AND CHICAGO PMI, AS WELL AS SPEECHES BY FED`S DALY AND ECB`S LANE. LOCALLY, WE EXPECT THE BENCHMARK INDEX TO START FRIDAY WITH A LIMITED NEGATIVE OUTLOOK AND TO FOLLOW A VOLATILE COURSE THROUGHOUT THE DAY.

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

***
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.