{"id":12106,"date":"2025-11-27T09:15:09","date_gmt":"2025-11-27T06:15:09","guid":{"rendered":"https:\/\/ekonomigundemi.com.tr\/index.php\/2025\/11\/27\/a1-capital-abd-piyasalari-persembe-gunu-sukran-gunu-tatili-nedeniyle-kapali-olacak"},"modified":"2025-11-27T09:15:09","modified_gmt":"2025-11-27T06:15:09","slug":"a1-capital-abd-piyasalari-persembe-gunu-sukran-gunu-tatili-nedeniyle-kapali-olacak","status":"publish","type":"post","link":"https:\/\/ekonomigundemi.com.tr\/index.php\/2025\/11\/27\/a1-capital-abd-piyasalari-persembe-gunu-sukran-gunu-tatili-nedeniyle-kapali-olacak\/","title":{"rendered":"A1 Capital: ABD piyasalar\u0131 Per\u015fembe g\u00fcn\u00fc \u015e\u00fckran G\u00fcn\u00fc tatili nedeniyle kapal\u0131 olacak"},"content":{"rendered":"

A1 Capital'in raporunda\u00a0TCMB Ba\u015fkan\u0131 Karahan'\u0131n\u00a0“Para politikas\u0131 ve makroekonomik g\u00f6r\u00fcn\u00fcm” hakk\u0131ndaki a\u00e7\u0131klamalar\u0131na ili\u015fkin de\u011ferlendirme yap\u0131ld\u0131. A1 Capital'in raporunda \u015funlar aktar\u0131ld\u0131:<\/p>\n

“Ba\u015fkan Karahan; 'Hissedilen enflasyonda daha s\u0131k al\u0131nan \u00fcr\u00fcnlerin fiyat de\u011fi\u015fimlerini yak\u0131ndan g\u00f6r\u00fcyor ve
\nhissediyoruz. Hissedilen enflasyon daha \u00e7ok g\u0131da ve kiradan geliyor. Vatanda\u015flar s\u0131k harcamalarda daha \u00e7ok
\nyer alan g\u0131da gibi kalemlerde ya\u015fanan fiyat art\u0131\u015flar\u0131n\u0131 daha fazla hissediyor. Hanehalk\u0131n\u0131n enflasyon beklentisi
\ny\u00fcksek \u00e7\u00fcnk\u00fc; hane halk\u0131 hissedilen enflasyonu baz al\u0131yor. Enflasyonun tek rakamlarda oldu\u011fu zamanda bile
\nhanehalk\u0131 10 puan y\u00fcksek beklenti olu\u015fturmu\u015f. \u0130stikrar oldu\u011funda da y\u00fcksek beklenti olu\u015fturmu\u015f. \u00d6n\u00fcm\u00fczdeki d\u00f6nem enflasyon d\u00fc\u015ft\u00fck\u00e7e beklentilerin de d\u00fc\u015fece\u011fini g\u00f6rece\u011fiz. \u00d6l\u00e7\u00fclen beklentinin seviyesinden ziyade trendine odaklanmak gerekiyor diye d\u00fc\u015f\u00fcn\u00fcyorum' dedi.<\/p>\n

Ba\u015fkan Karahan; \u201cPolitika faizi d\u00fc\u015ferse piyasa faizi de d\u00fc\u015fer bu do\u011fru de\u011fil. Bankalar paralar\u0131n\u0131n getirisini korumak istiyorlar ve uzun vadede fiyatland\u0131r\u0131yor. Dolay\u0131s\u0131yla beklenti bozulursa faizler d\u00fc\u015fmez hatta artabilir.
\nBiz hassas dengeyi g\u00f6zeterek en do\u011fru kalibrasyonu yapmaya dikkat ediyoruz. Enflasyon beklentileri faiz d\u00fc\u015f\u00fcrmede de ana belirleyici olacak \u201c dedi.<\/p>\n

Sonu\u00e7 olarak odak noktam\u0131z art\u0131k Beklentileri k\u0131rmak oldu. Kas\u0131m enflasyonu y\u00fczde 1,4 seviyesinde gelirse y\u00fczde 32\u2019nin alt\u0131nda bir y\u0131ll\u0131k enflasyon olaca\u011f\u0131ndan m\u0131? yoksa kalibre kelimesine tak\u0131n\u0131lmas\u0131nda m\u0131 ? tart\u0131\u015fma g\u00f6t\u00fcr\u00fcr bir \u015fekilde daha ge\u00e7en hafta 100 baz puan indirim beklentisi \u00f6nce 150\u2019ye d\u00fcn ak\u015fam ki a\u00e7\u0131klamalardan sonra 200\u2019e \u00e7ekildi\u011fini g\u00f6r\u00fcyoruz ama biz Ba\u015fkan Karahan\u2019\u0131n daha \u00f6nce dedi\u011fi \u201ckelimelere fazla odaklanmay\u0131n” yakla\u015f\u0131m\u0131 \u00fczerinden de hareketle 100 puanl\u0131k indirim beklentimizi de\u011fi\u015ftirmiyoruz.<\/p>\n

ABD Merkez Bankas\u0131'n\u0131n (Fed) ABD faiz indirimlerinin zamanlamas\u0131 ve b\u00fcy\u00fckl\u00fc\u011f\u00fcne ili\u015fkin \u00e7eli\u015fkili sinyalleri,
\nyat\u0131r\u0131mc\u0131lar\u0131n artan politika belirsizli\u011fine kar\u015f\u0131 koruma aray\u0131\u015f\u0131nda oldu\u011fu swaption ve gecelik faiz oranlar\u0131na
\nba\u011fl\u0131 t\u00fcrev ara\u00e7lara y\u00f6nelmesini h\u0131zland\u0131rd\u0131. Uzun vadeli, \u00f6zellikle \u00fc\u00e7 ay ve alt\u0131 vadeli swap opsiyonlar\u0131nda, 10
\ny\u0131ll\u0131k ve 30 y\u0131ll\u0131k swap opsiyonlar\u0131 gibi swap opsiyonlar\u0131nda, uzun s\u00fcreli bir s\u0131k\u0131\u015ft\u0131rma d\u00f6neminin ard\u0131ndan k\u0131sa
\nvadeli oynakl\u0131k artt\u0131. New York Fed Ba\u015fkan\u0131 Williams ve Waller'\u0131n da aralar\u0131nda bulundu\u011fu baz\u0131 Fed yetkilileri,
\ni\u015fg\u00fcc\u00fc piyasas\u0131ndaki zay\u0131fl\u0131\u011f\u0131n Hazine tahvil getirileri \u00fczerinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 yaratmas\u0131 nedeniyle Aral\u0131k
\nay\u0131nda faiz indirimine gidilmesinin gerekli olabilece\u011fini belirtti. \u00d6nceki seansta 10 y\u0131ll\u0131k Hazine tahvil getirileri
\nbir ay\u0131n en d\u00fc\u015f\u00fck seviyelerine yak\u0131n seyretti. Ancak onlar\u0131n duru\u015fu, enflasyon y\u00fczde 2 hedefine do\u011fru daha ikna
\nedici bir hareket g\u00f6sterene kadar faiz indirimlerine ara verilmesini savunan bir\u00e7ok b\u00f6lgesel Fed ba\u015fkan\u0131yla
\n\u00e7eli\u015fiyor. CME'nin FedWatch arac\u0131na g\u00f6re, ABD faiz vadeli i\u015flemleri Aral\u0131k ay\u0131nda faiz indirimi olas\u0131l\u0131\u011f\u0131n\u0131n y\u00fcde 85 oldu\u011funu fiyatl\u0131yor.<\/p>\n

\u015eimdi biraz Avrupa\u2019ya bakal\u0131m. 2025'in \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fine ili\u015fkin Alman GSY\u0130H'sinin yeni a\u00e7\u0131klanan ikinci tahmini, bir ba\u015fka durgun \u00e7eyreklik \u00fcz\u00fcc\u00fc rekoru do\u011frulad\u0131. Y\u0131l i\u00e7inde ekonomi sadece y\u00fczde 0,3 b\u00fcy\u00fcd\u00fc. Alman
\nekonomisi son \u00fc\u00e7 y\u0131lda sadece iki \u00e7eyrek pozitif b\u00fcy\u00fcme kaydetti. Ekonomi, 2022'nin d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011finden
\nbu yana her \u00e7eyrekte ortalama y\u00fczde 0,1 k\u00fc\u00e7\u00fcld\u00fc.<\/p>\n

\u0130ngiltere taraf\u0131nda ise; Maliye Bakan\u0131 Reeves, yat\u0131r\u0131mlar\u0131 art\u0131r\u0131rken ve mali disiplini korurken, kemer s\u0131kma
\npolitikalar\u0131na geri d\u00f6n\u00fclmeyece\u011fini ve aileler i\u00e7in acil ge\u00e7im maliyeti yard\u0131m\u0131 sa\u011flanaca\u011f\u0131n\u0131 vadeden y\u0131ll\u0131k b\u00fct\u00e7esini a\u00e7\u0131klad\u0131. H\u00fck\u00fcmetin 2029 y\u0131l\u0131na kadar g\u00fcnl\u00fck harcamalar\u0131 vergi gelirleriyle dengelemeyi ama\u00e7layan
\ntemel mali kural\u0131n\u0131n hata pay\u0131 olan manevra alan\u0131 seviyesi, bahardaki 9 milyar sterlinden 22 milyar sterline
\ny\u00fckseldi. Vergi art\u0131\u015flar\u0131 2029\/30 y\u0131l\u0131na kadar y\u0131lda 26 milyar sterlin ek gelire (GSY\u0130H'nin y\u00fczde 0,75'i) ula\u015fsa da,
\nbunlar\u0131n neredeyse hi\u00e7biri 2026'da ger\u00e7ekle\u015fmeyecek.<\/p>\n

\u00dclkenin mali g\u00f6zlemcisi olan B\u00fct\u00e7e Sorumluluk Ofisi, \u0130ngiliz ekonomisinin \u00f6n\u00fcm\u00fczdeki y\u0131llardaki b\u00fcy\u00fcme
\ntahminlerini d\u00fc\u015f\u00fcrd\u00fc. OBR b\u00fct\u00e7e de\u011ferlendirmesinde, Reeves'in planlad\u0131\u011f\u0131 vergi art\u0131\u015flar\u0131n\u0131n 2029-30 y\u0131l\u0131na kadar y\u0131ll\u0131k 26,1 milyar sterlin gelir sa\u011flayaca\u011f\u0131n\u0131, bunlar\u0131n ba\u015f\u0131nda da insanlar\u0131n gelir vergisi \u00f6demeye ba\u015flad\u0131\u011f\u0131 e\u015fiklerin daha uzun s\u00fcre dondurulmas\u0131 ve gelir vergisi oran\u0131n\u0131n art\u0131r\u0131lmas\u0131n\u0131n geldi\u011fini belirtti.<\/p>\n

OBR, ekonomik b\u00fcy\u00fcme tahminlerini d\u00fc\u015f\u00fcrerek gayri safi yurt i\u00e7i has\u0131lan\u0131n be\u015f y\u0131ll\u0131k tahmin d\u00f6neminde ortalama y\u00fczde 1,5 oran\u0131nda b\u00fcy\u00fcmesinin beklendi\u011fini, bunun Mart ay\u0131ndaki beklentiden 0,3 puan daha yava\u015f olaca\u011f\u0131n\u0131, bunun da daha d\u00fc\u015f\u00fck verimlilik art\u0131\u015f\u0131 nedeniyle olaca\u011f\u0131n\u0131 belirtti.<\/p>\n

Asya borsalar\u0131 Per\u015fembe g\u00fcn\u00fc y\u00fckseldi ve dolar, FED'in gelecek ay faiz indirimine gidece\u011fi y\u00f6n\u00fcndeki artan
\nbeklentilerle zay\u0131flad\u0131. Tatil nedeniyle k\u0131salan hafta, piyasalarda s\u0131n\u0131rl\u0131 hareketlere yol a\u00e7t\u0131. Hisse senetleri b\u00fcy\u00fck \u00f6l\u00e7\u00fcde iyimser bir tonda seyrederken, yat\u0131r\u0131mc\u0131lar Kas\u0131m ay\u0131n\u0131n ba\u015flar\u0131nda hisse senetlerini sarsan yapay zeka balonu endi\u015felerini bir kenara b\u0131rakt\u0131. ABD piyasalar\u0131 Per\u015fembe g\u00fcn\u00fc \u015e\u00fckran G\u00fcn\u00fc tatili nedeniyle kapal\u0131 olacak ve Cuma g\u00fcn\u00fc k\u0131sa bir seans i\u00e7in i\u015flem g\u00f6recek.<\/p>\n

Petrol fiyatlar\u0131, Ukrayna ile Rusya aras\u0131nda ate\u015fkes sa\u011flanaca\u011f\u0131 beklentisiyle d\u00fc\u015ft\u00fc. Bu ate\u015fkes, Bat\u0131'n\u0131n Rusya'ya y\u00f6nelik yapt\u0131r\u0131mlar\u0131n\u0131n hafifletilmesinin \u00f6n\u00fcn\u00fc a\u00e7abilir. Ancak ABD'deki \u015e\u00fckran G\u00fcn\u00fc tatili nedeniyle
\nticaretin zay\u0131f kalmas\u0131 bekleniyor. Brent ham petrol vadeli i\u015flemleri y\u00fczde 0,5 d\u00fc\u015f\u00fc\u015fle varil ba\u015f\u0131na 62,8 dolara ve
\nABD Bat\u0131 Teksas petrol vadeli i\u015flemleri y\u00fczde 0,6 d\u00fc\u015f\u00fc\u015fle varil ba\u015f\u0131na 58,33 dolara geriledi.<\/p>\n

Alt\u0131n, d\u00fcn neredeyse iki haftan\u0131n zirvesine ula\u015ft\u0131ktan sonra kar sat\u0131\u015flar\u0131yla hafif d\u00fc\u015f\u00fc\u015f ya\u015fad\u0131. Yat\u0131r\u0131mc\u0131lar, Fed'den gelen \u00e7eli\u015fkili sinyaller aras\u0131nda Aral\u0131k ay\u0131nda ABD'de faiz indirimi olas\u0131l\u0131\u011f\u0131n\u0131 de\u011ferlendirdi. Spot alt\u0131n
\nons ba\u015f\u0131na y\u00fczde 0,5 d\u00fc\u015f\u00fc\u015fle 4.145 dolara ve Aral\u0131k vadeli ABD alt\u0131n vadeli i\u015flemleri ise ons ba\u015f\u0131na y\u00fczde 0,6 d\u00fc\u015f\u00fc\u015fle 4.140 dolara geriledi.”<\/p>\n

<\/strong>
\nSANAY\u0130 HABER AJANSI <\/p>\n","protected":false},"excerpt":{"rendered":"

\u0130stanbul, 27 Kas\u0131m (Hibya)- A1 Capital, ABD piyasalar\u0131n\u0131n Per\u015fembe g\u00fcn\u00fc \u015e\u00fckran G\u00fcn\u00fc tatili nedeniyle kapal\u0131
\nolaca\u011f\u0131n\u0131 bildirdi. <\/p>\n","protected":false},"author":1,"featured_media":12107,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,1],"tags":[],"class_list":["post-12106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/12106","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=12106"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/12106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/12107"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=12106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=12106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=12106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}