A1 Capital taraf\u0131ndan yay\u0131mlanan G\u00fcnl\u00fck B\u00fclten\u2019de, Fed\u2019in g\u00f6sterdi\u011fi kararl\u0131 duru\u015f ve Kevin Warsh\u2019\u0131n merakla beklenen ilk kamuoyu a\u00e7\u0131klamas\u0131n\u0131n alt\u0131n pahas\u0131na dolar\u0131 desteklemeye devam etti\u011fi belirtildi. Buna kar\u015f\u0131n hisse senedi piyasalar\u0131n\u0131n, teknoloji hisselerinden gelen destek ve \u0130ran meselesi etraf\u0131ndaki gerilimlerin azalmas\u0131ndan faydaland\u0131\u011f\u0131 ifade edildi.<\/p>\n
B\u00fcltende, ABD ve \u0130ran aras\u0131nda imzalanan bar\u0131\u015f anla\u015fmas\u0131n\u0131n petrol fiyatlar\u0131nda d\u00fc\u015f\u00fc\u015f\u00fc teyit etti\u011fi, ancak H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n kapanmas\u0131n\u0131n etkilerinin birka\u00e7 hafta i\u00e7inde ortadan kalkmas\u0131n\u0131n beklenmedi\u011fi aktar\u0131ld\u0131. Tarihsel olarak enerji fiyatlar\u0131 ile t\u00fcketici fiyat endeksi aras\u0131nda y\u00fcksek bir korelasyon bulundu\u011fu, ancak etkilerin zaman gecikmesiyle ortaya \u00e7\u0131kt\u0131\u011f\u0131 kaydedildi. Bu \u00e7er\u00e7evede Fed\u2019in t\u00fcm \u00fcyelerinin y\u0131l sonuna kadar faiz art\u0131r\u0131m\u0131 bekledi\u011fi ve son aylardaki gev\u015fek para politikas\u0131 e\u011filiminin terk edildi\u011fi belirtildi.<\/p>\n
Dolar\u0131n bu geli\u015fmelerden destek buldu\u011fu ve kritik seviyelerde seyretti\u011fi ifade edilirken, hisse senedi piyasalar\u0131n\u0131n d\u00fc\u015f\u00fck likidite ve y\u00fcksek volatilite riskiyle karakterize edilen yaz d\u00f6nemi \u00f6ncesinde verileri sindirmeye \u00e7al\u0131\u015ft\u0131\u011f\u0131 aktar\u0131ld\u0131. Petrol fiyatlar\u0131na ili\u015fkin de\u011ferlendirmede, WTI\u2019nin yakla\u015f\u0131k y\u00fczde 8, Brent petrol\u00fcn ise y\u00fczde 7,74 d\u00fc\u015f\u00fc\u015f kaydetti\u011fi bildirildi. Piyasan\u0131n ABD ve \u0130ran aras\u0131ndaki ge\u00e7ici anla\u015fman\u0131n ard\u0131ndan H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndan ge\u00e7i\u015fin kademeli olarak yeniden ba\u015flamas\u0131n\u0131 fiyatlad\u0131\u011f\u0131, bir\u00e7ok tankerin yeniden rota olu\u015fturdu\u011fu ifade edildi. Irak\u2019\u0131n petrol sahalar\u0131n\u0131 kademeli olarak yeniden \u00e7al\u0131\u015ft\u0131rmaya haz\u0131r oldu\u011funu s\u00f6yledi\u011fi belirtilirken, diplomatik g\u00f6r\u00fc\u015fmelerin iptal edilmesinin kal\u0131c\u0131 gerilim azalt\u0131m\u0131na y\u00f6nelik g\u00fcveni s\u0131n\u0131rlad\u0131\u011f\u0131 kaydedildi. \u0130srail\u2019in L\u00fcbnan\u2019daki Hizbullah\u2019a y\u00f6nelik operasyonlar\u0131n\u0131n ise jeopolitik risk primini korudu\u011fu aktar\u0131ld\u0131.<\/p>\n
OPEC\u2019in uzun vadeli talebe ili\u015fkin olumlu g\u00f6r\u00fc\u015f\u00fcn\u00fc korudu\u011fu, Asya, Orta Do\u011fu, Afrika ve Latin Amerika \u00f6nc\u00fcl\u00fc\u011f\u00fcnde 2025\u2019te g\u00fcnl\u00fck 105,1 milyon varil ve 2030\u2019da 113,3 milyon varil k\u00fcresel t\u00fcketim \u00f6ng\u00f6rd\u00fc\u011f\u00fc bildirildi. Bu g\u00f6r\u00fcn\u00fcm\u00fcn, k\u00fcresel talebin zaman i\u00e7inde azalaca\u011f\u0131n\u0131 \u00f6ng\u00f6ren Uluslararas\u0131 Enerji Ajans\u0131\u2019n\u0131n (IEA) beklentileriyle \u00e7eli\u015fti\u011fi ifade edildi. Metaller taraf\u0131nda ise ABD Merkez Bankas\u0131\u2019n\u0131n daha s\u0131k\u0131 tonunun bask\u0131 olu\u015fturdu\u011fu belirtildi. Dolar\u0131n toparlanmas\u0131 ve ABD faiz beklentilerinin artmas\u0131yla alt\u0131n\u0131n keskin d\u00fc\u015f\u00fc\u015f ya\u015fad\u0131\u011f\u0131, ons alt\u0131n\u0131n yakla\u015f\u0131k 4.165 dolar seviyelerinde i\u015flem g\u00f6rd\u00fc\u011f\u00fc aktar\u0131ld\u0131. Piyasalar\u0131n \u00f6n\u00fcm\u00fczdeki aylarda yeni bir faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 fiyatlamaya ba\u015flad\u0131\u011f\u0131 ve bunun getiri sa\u011flamayan alt\u0131n\u0131n cazibesini azaltt\u0131\u011f\u0131 ifade edildi.<\/p>\n
G\u00fcm\u00fc\u015f\u00fcn de benzer bir trend izledi\u011fi, ancak daha sert bir d\u00fczeltme ya\u015fayarak iki i\u015flem g\u00fcn\u00fcnde y\u00fczde 10\u2019dan fazla de\u011fer kaybetti\u011fi ve ons ba\u015f\u0131na 65 dolar\u0131n alt\u0131na geriledi\u011fi bildirildi. LME bak\u0131r\u0131n yakla\u015f\u0131k y\u00fczde 1 d\u00fc\u015f\u00fc\u015fle 13.690 dolara geriledi\u011fi, g\u00fc\u00e7l\u00fc dolar ve y\u00fcksek finansman maliyetlerinin fiyatlar \u00fczerinde bask\u0131 yaratt\u0131\u011f\u0131 aktar\u0131ld\u0131. ABD Ba\u015fkan\u0131 Donald Trump\u2019\u0131n rafine bak\u0131r\u0131 hedef alan olas\u0131 g\u00fcmr\u00fck vergilerine ili\u015fkin beklentilerin de piyasalarda izlendi\u011fi kaydedildi. Tar\u0131m emtialar\u0131nda ise Chicago\u2019da bu\u011fday, m\u0131s\u0131r ve soya fasulyesinin toparlanma giri\u015fiminde bulundu\u011fu ancak hareketin k\u0131r\u0131lgan kald\u0131\u011f\u0131 belirtildi. G\u00fc\u00e7l\u00fc dolar, d\u00fc\u015fen petrol fiyatlar\u0131 ve ABD\u2019de daha elveri\u015fli hava ko\u015fullar\u0131n\u0131n fiyatlar\u0131 bask\u0131lad\u0131\u011f\u0131 ifade edildi. Eyl\u00fcl 2026 vadeli kontrata g\u00f6re bu\u011fday\u0131n 613 sent, m\u0131s\u0131r\u0131n 444 sent ve Temmuz 2026 vadeli soya fasulyesinin 1.122 sent seviyesinde istikrar kazand\u0131\u011f\u0131 aktar\u0131ld\u0131.<\/p>\n
Yurt i\u00e7ine ili\u015fkin de\u011ferlendirmede ise enflasyon ve faiz beklentilerinin destekleyici kald\u0131\u011f\u0131, ancak d\u0131\u015far\u0131da MSCI karar\u0131 ve k\u00fcresel risklerin yabanc\u0131 yat\u0131r\u0131mc\u0131lar a\u00e7\u0131s\u0131ndan soru i\u015faretleri yaratt\u0131\u011f\u0131 belirtildi. Bu nedenle piyasada tam bir iyimserlik yerine \u201ckontroll\u00fc iyimserlik\u201d g\u00f6r\u00fcld\u00fc\u011f\u00fc ifade edildi. TCMB\u2019nin enflasyonda ana e\u011filimin yava\u015flad\u0131\u011f\u0131n\u0131 kabul etmekle birlikte s\u0131k\u0131 para politikas\u0131ndan vazge\u00e7meyece\u011fini net \u015fekilde vurgulad\u0131\u011f\u0131 aktar\u0131l\u0131rken, piyasalar\u0131n bunu \u201cfaiz indirimleri tamamen masadan kalkmad\u0131 ancak TCMB acele etmeyecek\u201d \u015feklinde yorumlad\u0131\u011f\u0131 belirtildi. Kapasite kullan\u0131m oran\u0131 ve reel kesim g\u00fcveninin \u00fcretim taraf\u0131nda sert bozulma olmad\u0131\u011f\u0131n\u0131 g\u00f6sterdi\u011fi, sanayi \u015firketleri \u00fczerinde y\u00fcksek faiz bask\u0131s\u0131n\u0131n s\u00fcrd\u00fc\u011f\u00fc ancak ekonomik aktivitenin tamamen durmad\u0131\u011f\u0131 ifade edildi. Konut sat\u0131\u015flar\u0131nda ise y\u00fcksek faiz ortam\u0131na ra\u011fmen toparlanma g\u00f6r\u00fcld\u00fc\u011f\u00fc, bunun ertelenmi\u015f talebin devreye girmeye ba\u015flad\u0131\u011f\u0131n\u0131 g\u00f6sterdi\u011fi ve \u00e7imento, GYO ve in\u015faat sekt\u00f6rleri a\u00e7\u0131s\u0131ndan olumlu de\u011ferlendirildi\u011fi aktar\u0131ld\u0131.<\/p>\n
Haftan\u0131n en kritik geli\u015fmesi olarak MSCI\u2019nin T\u00fcrkiye\u2019nin piyasa eri\u015filebilirli\u011fi ve bilgi ak\u0131\u015f\u0131na ili\u015fkin de\u011ferlendirmesinde not indirimi yapt\u0131\u011f\u0131 belirtildi. A\u00e7\u0131\u011fa sat\u0131\u015f uygulamalar\u0131, piyasa k\u0131s\u0131tlamalar\u0131 ve yabanc\u0131 yat\u0131r\u0131mc\u0131lar\u0131n bilgiye eri\u015fimi konular\u0131ndaki ele\u015ftirilerin \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 ifade edildi. Bu karar\u0131n k\u0131sa vadede b\u00fcy\u00fck sat\u0131\u015f bask\u0131s\u0131 yaratmasa da yabanc\u0131 fon y\u00f6neticilerinin T\u00fcrkiye alg\u0131s\u0131n\u0131 etkiledi\u011fi kaydedildi.<\/p>\n
K\u00fcresel piyasalarda ise ABD\u2013\u0130ran hatt\u0131ndaki yumu\u015fama, petrol fiyatlar\u0131ndaki gev\u015feme ve \u00c7in\u2019den beklenen ancak gelmeyen faiz indirimi aras\u0131nda kar\u0131\u015f\u0131k bir g\u00f6r\u00fcn\u00fcm izlendi\u011fi belirtildi. Asya piyasalar\u0131nda genel olarak pozitif seyir g\u00f6r\u00fcl\u00fcrken Japonya ve G\u00fcney Kore borsalar\u0131n\u0131n y\u00fckseldi\u011fi, \u00c7in taraf\u0131n\u0131n ise daha yatay kald\u0131\u011f\u0131 aktar\u0131ld\u0131. Brent petrol\u00fcn 80 dolar seviyelerine gev\u015fedi\u011fi ifade edildi. \u00c7in\u2019in 1 y\u0131ll\u0131k ve 5 y\u0131ll\u0131k kredi ana faiz oranlar\u0131n\u0131 s\u0131ras\u0131yla y\u00fczde 3,00 ve y\u00fczde 3,50 seviyesinde sabit tuttu\u011fu, bunun piyasa beklentilerine paralel oldu\u011fu ve Pekin\u2019in bu a\u015famada agresif parasal gev\u015femeden ka\u00e7\u0131nd\u0131\u011f\u0131 belirtildi.<\/p>\n
Haftan\u0131n veri g\u00fcndemine ili\u015fkin olarak ise ABD PCE enflasyonu ba\u015fta olmak \u00fczere PMI verileri, yeni konut sat\u0131\u015flar\u0131, dayan\u0131kl\u0131 mal sipari\u015fleri, i\u015fsizlik ba\u015fvurular\u0131, GSYH revizyonu ve Michigan t\u00fcketici g\u00fcveni verilerinin takip edilece\u011fi aktar\u0131ld\u0131. \u00d6zellikle PCE verisinin Fed\u2019in en \u00e7ok \u00f6nem verdi\u011fi enflasyon g\u00f6stergesi olmas\u0131 nedeniyle piyasalarda sert fiyatlamalara yol a\u00e7abilece\u011fi ifade edildi.<\/p>\n
<\/strong> \u0130stanbul, 22 Haziran (Hibya) \u2013 A1 Capital, ge\u00e7en hafta global finans piyasalar\u0131n\u0131n merkez bankalar\u0131, jeopolitik gerilimler ve \u00e7eyrek sonu ayarlamalar\u0131yla paralel hareket etti\u011fini bildirdi.<\/p>\n","protected":false},"author":1,"featured_media":102750,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,4,1,9],"tags":[],"class_list":["post-102749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-dunya","category-ekonomi","category-manset"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/102749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=102749"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/102749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/102750"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=102749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=102749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=102749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"