Pusula Yat\u0131r\u0131m\u2019\u0131n analizinde g\u00f6re, a\u011fustos ay\u0131nda alt\u0131n, g\u00fcm\u00fc\u015f, bak\u0131r, demir-\u00e7elik ve enerji piyasalar\u0131nda ya\u015fanan geli\u015fmeler de\u011ferlendirildi.<\/p>\n
Raporda, eyl\u00fcl ay\u0131nda emtia fiyatlamalar\u0131nda \u00f6zellikle petrol fiyatlar\u0131 ile ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) faiz karar\u0131n\u0131n belirleyici olmas\u0131n\u0131n beklendi\u011fi belirtildi.<\/p>\n
Pusula Yat\u0131r\u0131m\u2019\u0131n de\u011ferlendirmesine g\u00f6re a\u011fustos ay\u0131 k\u00fcresel piyasalarda beklentilerin ve ger\u00e7ekle\u015fmelerin fiyatland\u0131\u011f\u0131 bir d\u00f6nem oldu. Temmuz sonunda ger\u00e7ekle\u015fen FOMC toplant\u0131s\u0131n\u0131n ard\u0131ndan risk i\u015ftah\u0131nda art\u0131\u015f g\u00f6r\u00fcl\u00fcrken, k\u0131ymetli metallerde de pozitif bir e\u011filim izlendi.<\/p>\n
Ay\u0131n ortas\u0131ndan itibaren fiyatlamalar\u0131n sakinle\u015fti\u011fi, a\u011fustos ay\u0131n\u0131n sonuna do\u011fru ise Fed Ba\u015fkan\u0131 Warsh\u2019\u0131n Jackson Hole Sempozyumu\u2019ndaki konu\u015fmas\u0131n\u0131n risk i\u015ftah\u0131n\u0131 t\u00f6rp\u00fcledi\u011fi belirtildi. \u015eahin duru\u015fun devam edece\u011fine y\u00f6nelik de\u011ferlendirmelerin alt\u0131n ve g\u00fcm\u00fc\u015fte sat\u0131\u015flar\u0131 derinle\u015ftirdi\u011fi kaydedildi.<\/p>\n
G\u00fcm\u00fc\u015f\u00fcn, alt\u0131n\u0131n daha y\u00fcksek volatilite g\u00f6steren bir alternatifi olarak fiyatlanmaya devam etti\u011fi belirtilen raporda, a\u011fustos ay\u0131n\u0131n genelinde g\u00fcm\u00fc\u015fte kayda de\u011fer bir y\u00fckseli\u015f g\u00f6r\u00fcld\u00fc\u011f\u00fc ifade edildi. Ancak risklerin hen\u00fcz ortadan kalkmad\u0131\u011f\u0131 vurguland\u0131.<\/p>\n
Pusula Yat\u0131r\u0131m, eyl\u00fcl ay\u0131n\u0131n a\u011fustos kadar pozitif ge\u00e7mesinin beklenmedi\u011fini ve fiyatlamalar \u00fczerindeki en \u00f6nemli etkinin FOMC toplant\u0131s\u0131 olaca\u011f\u0131n\u0131 de\u011ferlendirdi.<\/p>\n
Bak\u0131r taraf\u0131nda ise a\u011fustos ay\u0131 boyunca genel olarak yatay bir fiyat hareketi g\u00f6zlendi\u011fi belirtildi.<\/p>\n
\u0130\u00e7 piyasada alt\u0131n fiyatlar\u0131na ili\u015fkin de\u011ferlendirmede, a\u011fustos ay\u0131nda Alt\u0131nS1 ile gram alt\u0131n aras\u0131ndaki fiyat fark\u0131nda d\u00fc\u015f\u00fc\u015f e\u011filimi g\u00f6r\u00fcld\u00fc\u011f\u00fc aktar\u0131ld\u0131.<\/p>\n
Ay ba\u015f\u0131nda yakla\u015f\u0131k 1,10 seviyesinde bulunan makas\u0131n ay sonunda 1,04 seviyesine geriledi\u011fi belirtildi. Raporda, bu durumun i\u00e7 piyasada alt\u0131n talebindeki d\u00fc\u015f\u00fc\u015f\u00fcn g\u00f6stergelerinden biri olarak de\u011ferlendirilebilece\u011fi ifade edildi.<\/p>\n
\u00d6nemli makas daralmalar\u0131n\u0131n Alt\u0131nS1 sertifikas\u0131 a\u00e7\u0131s\u0131ndan al\u0131m f\u0131rsat\u0131 sundu\u011fu belirtilirken, makas\u0131n ortalama seviyelerin alt\u0131nda kalmas\u0131n\u0131n 1,10-1,15 aral\u0131\u011f\u0131na do\u011fru y\u00fckseli\u015fler i\u00e7in f\u0131rsat olu\u015fturabilece\u011fi de\u011ferlendirildi.<\/p>\n
Alt\u0131n fiyatlar\u0131ndaki y\u00fckseli\u015fin TRALT ve GUBRF hisselerinin BIST 100\u2019den pozitif ayr\u0131\u015fmas\u0131na katk\u0131 sa\u011flad\u0131\u011f\u0131 belirtilen raporda, bu a\u015famada bilan\u00e7o fiyatlamas\u0131n\u0131n bir miktar geride kald\u0131\u011f\u0131 ve alt\u0131n fiyatlamas\u0131n\u0131n daha bask\u0131n oldu\u011fu ifade edildi.<\/p>\n
End\u00fcstriyel demir-\u00e7elik fiyatlar\u0131n\u0131n a\u011fustos ay\u0131nda pozitif e\u011filimini korudu\u011fu belirtildi.<\/p>\n
Rapora g\u00f6re HRC taraf\u0131nda hafif y\u00fckseli\u015f devam ederken CFR \u00e7elik fiyatlar\u0131 yatay seyretti. Demir fiyatlar\u0131nda ise toparlanman\u0131n s\u00fcrd\u00fc\u011f\u00fc kaydedildi.<\/p>\n
End\u00fcstriyel \u00e7elik fiyatlar\u0131ndaki y\u00fckseli\u015fin KRDMD ve EREGL gibi \u015firketler a\u00e7\u0131s\u0131ndan pozitif g\u00f6r\u00fcn\u00fcm\u00fc destekleme potansiyeli ta\u015f\u0131d\u0131\u011f\u0131 de\u011ferlendirildi.<\/p>\n
Enerji piyasalar\u0131nda a\u011fustos ay\u0131n\u0131n ABD ve \u0130ran aras\u0131ndaki sava\u015f nedeniyle hareketli ge\u00e7ti\u011fi belirtildi. H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndan ge\u00e7en gemi say\u0131s\u0131ndaki d\u00fc\u015f\u00fc\u015f\u00fcn petrol fiyatlar\u0131n\u0131 yukar\u0131 y\u00f6nl\u00fc etkiledi\u011fi ifade edildi.<\/p>\n
Ay genelinde petrol fiyatlar\u0131n\u0131n y\u00fcksek seyretti\u011fi, do\u011fal gaz fiyatlar\u0131nda ise \u00f6nceki aya k\u0131yasla normalle\u015fmenin geride kald\u0131\u011f\u0131 ve petrol fiyatlar\u0131na paralel y\u00fckseli\u015f e\u011filimi g\u00f6r\u00fcld\u00fc\u011f\u00fc aktar\u0131ld\u0131.<\/p>\n
Pusula Yat\u0131r\u0131m, \u00f6zellikle petrol ve do\u011fal gaz fiyatlar\u0131na ili\u015fkin \u00f6ng\u00f6r\u00fcde bulunman\u0131n mevcut s\u00fcre\u00e7te zor ve riskli oldu\u011funu, belirsizliklerin artt\u0131\u011f\u0131n\u0131 de\u011ferlendirdi. Kas\u0131m ay\u0131na yakla\u015f\u0131rken ABD se\u00e7imlerinin etkisiyle volatilitenin d\u00fc\u015fme ihtimalinin de g\u00f6z \u00f6n\u00fcnde bulundurulmas\u0131 gerekti\u011fi belirtildi.<\/p>\n
Petrokimya sekt\u00f6r\u00fcne ili\u015fkin de\u011ferlendirmede, a\u011fustos ay\u0131nda etilen-nafta makas\u0131n\u0131n toparlanma g\u00f6sterdi\u011fi belirtildi.<\/p>\n
Petrol fiyatlar\u0131ndaki art\u0131\u015f\u0131n etkisiyle makas\u0131n yukar\u0131 y\u00f6nl\u00fc hareket etti\u011fi ve bunun petrokimya \u015firketleri a\u00e7\u0131s\u0131ndan \u00f6nemli bir geli\u015fme oldu\u011fu ifade edildi.<\/p>\n
Bununla birlikte petrol fiyatlar\u0131nda ilerleyen d\u00f6nemde ya\u015fanabilecek olas\u0131 bir zay\u0131flaman\u0131n etilen-nafta makas\u0131n\u0131n daralmas\u0131na neden olabilece\u011fi, bunun da PETKM a\u00e7\u0131s\u0131ndan negatif de\u011ferlendirilebilece\u011fi kaydedildi.<\/p>\n
Makas\u0131n mevcut durumda 13 haftal\u0131k ortalama seviyesine ula\u015ft\u0131\u011f\u0131 ve denge noktas\u0131nda hareket etti\u011fi belirtildi.<\/p>\n
Pusula Yat\u0131r\u0131m\u2019\u0131n de\u011ferlendirmesinde, petrol fiyatlar\u0131ndaki art\u0131\u015f, faiz d\u00f6ng\u00fcs\u00fcndeki yumu\u015fama ve \u00e7elik fiyatlar\u0131ndaki y\u00fckseli\u015fin emtia \u015firketlerinde pozitif bir fiyatlama d\u00f6ng\u00fcs\u00fcn\u00fc destekledi\u011fi ifade edildi.<\/p>\n
Petrol fiyatlar\u0131ndaki y\u00fckseli\u015fin etkisiyle ikinci ay \u00fcst \u00fcste en y\u00fcksek getirinin TUPRS hissesinde g\u00f6r\u00fcld\u00fc\u011f\u00fc belirtilirken, en zay\u0131f performans\u0131n EREGL\u2019de ger\u00e7ekle\u015fti\u011fi aktar\u0131ld\u0131.<\/p>\n
Rapora g\u00f6re TUPRS y\u00fczde 38 getiriyle emtia hisseleri aras\u0131nda en y\u00fcksek performans\u0131 g\u00f6sterirken, EREGL y\u00fczde 9 kay\u0131pla en zay\u0131f performans\u0131 sergiledi. TUPRS\u2019\u0131n ard\u0131ndan AYGAZ\u2019\u0131n da g\u00fc\u00e7l\u00fc performans g\u00f6sterdi\u011fi belirtildi.<\/p>\n
Etilen-nafta makas\u0131ndaki toparlanma nedeniyle PETKM\u2019de \u00f6nceki aya k\u0131yasla daha d\u00fc\u015f\u00fck volatilite ve daha istikrarl\u0131 fiyatlama g\u00f6zlendi\u011fi ifade edildi.<\/p>\n
Alt\u0131n fiyatlar\u0131n\u0131n pozitif seyrinin ise GUBRF ve TRALT hisselerindeki y\u00fckseli\u015fin temel etkeni oldu\u011fu de\u011ferlendirildi.<\/p>\n
Pusula Yat\u0131r\u0131m, emtia piyasas\u0131n\u0131n g\u00f6r\u00fcn\u00fcm\u00fcne ili\u015fkin genel de\u011ferlendirmesinde petrol fiyatlar\u0131 ile ABD faiz karar\u0131n\u0131n belirleyici olaca\u011f\u0131n\u0131 belirtti.<\/p>\n
G\u00fcncel ko\u015fullarda petrol fiyatlamas\u0131n\u0131n \u00f6ng\u00f6r\u00fclebilir olmamas\u0131 nedeniyle piyasalarda oda\u011f\u0131n daha \u00e7ok faiz karar\u0131na \u00e7evrildi\u011fi ifade edildi. Raporun yay\u0131mland\u0131\u011f\u0131 tarih itibar\u0131yla faiz karar\u0131na ili\u015fkin beklentinin y\u00fczde 50-y\u00fczde 50 seviyesinde bulundu\u011fu belirtildi.<\/p>\n
Raporda, faizlerin sabit b\u0131rak\u0131lmas\u0131n\u0131n alt\u0131n\u0131 destekleyebilece\u011fi, olas\u0131 bir faiz art\u0131\u015f\u0131nda ise piyasalarda bask\u0131n\u0131n hissedilebilece\u011fi de\u011ferlendirildi.<\/p>\n
<\/strong> \u0130stanbul, 4 Eyl\u00fcl (Hibya) – Pusula Yat\u0131r\u0131m\u2019\u0131n analizinde g\u00f6re, a\u011fustos ay\u0131nda alt\u0131n, g\u00fcm\u00fc\u015f, bak\u0131r, demir-\u00e7elik ve enerji piyasalar\u0131nda ya\u015fanan geli\u015fmeler de\u011ferlendirildi.<\/p>\n","protected":false},"author":1,"featured_media":143642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[4,1,9],"tags":[],"class_list":["post-143641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dunya","category-ekonomi","category-manset"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/143641","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=143641"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/143641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/143642"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=143641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=143641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=143641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"