A1 Capital'in de\u011ferlendirmesinde, yurtd\u0131\u015f\u0131 piyasalarda ge\u00e7en hafta genel olarak, Fed'in gelecek hafta faiz indirimine gidece\u011fi y\u00f6n\u00fcndeki artan beklentilerle y\u00fckseli\u015fe ge\u00e7ti\u011fi belirtildi. Bu beklentilerin, \u00f6zel sekt\u00f6rde 32.000 i\u015f kayb\u0131n\u0131 bildiren ADP anketinin yay\u0131nlanmas\u0131n\u0131n ard\u0131ndan g\u00fc\u00e7lendi\u011fi vurgulan\u0131rken \u015fu bilgiler verildi:<\/p>\n
“Temel PCE endeksi, tahminlerle uyumlu olarak piyasa duyarl\u0131l\u0131\u011f\u0131n\u0131 de\u011fi\u015ftirmedi ve Wall Street tarihi zirvelerine yak\u0131n seviyelerde i\u015flem g\u00f6rd\u00fc. Bu ba\u011flamda, risk i\u015ftah\u0131 g\u00fc\u00e7l\u00fc kalabilir ve geleneksel bir y\u0131l sonu y\u00fckseli\u015fi ihtimalini koruyabilir.<\/p>\n
T\u00fcm g\u00f6zler, \u00c7ar\u015famba g\u00fcn\u00fc yap\u0131lmas\u0131 planlanan ABD Merkez Bankas\u0131 (FED) toplant\u0131s\u0131na \u00e7evrildi. Yat\u0131r\u0131mc\u0131lar 25 baz puanl\u0131k bir faiz indiriminden y\u00fczde 87 emin olsa da, \u00f6zellikle son konu\u015fmas\u0131nda g\u00fcvercinden ziyade \u015fahin bir duru\u015f sergileyen Ba\u015fkan Powell'\u0131n konu\u015fmas\u0131 merakla bekleniyor. Enflasyona ili\u015fkin son makroekonomik veriler beklentilerle tamamen uyumluydu. PCE (Parasal T\u00fcketim Harcamalar\u0131) ayl\u0131k bazda y\u00fczde 0,2 artt\u0131. ABD'de t\u00fcketici harcamalar\u0131, \u00fc\u00e7 ayl\u0131k art\u0131\u015f\u0131n ard\u0131ndan Eyl\u00fcl ay\u0131nda \u0131l\u0131ml\u0131 bir art\u0131\u015f g\u00f6sterdi. Bu durum, \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fin sonunda ekonomide ivme kayb\u0131 ya\u015fand\u0131\u011f\u0131n\u0131, zay\u0131f i\u015fg\u00fcc\u00fc piyasas\u0131 ve artan ya\u015fam maliyetinin talebi s\u0131n\u0131rlad\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n
Bu a\u00e7\u0131klaman\u0131n ard\u0131ndan, uzun vadeli faiz oranlar\u0131 istikrarl\u0131 kald\u0131 ve ABD 10 y\u0131ll\u0131k tahvil getirisi y\u00fczde 3,95 ile y\u00fczde 4,17 aras\u0131nda yatay bir konsolidasyon kanal\u0131nda i\u015flem g\u00f6rmeye devam etti. Hisse senedi endeksleri ise, \u00f6zellikle artan \u015firket kazan\u00e7lar\u0131 beklentileri nedeniyle, y\u00fcksek de\u011ferleme seviyelerine ra\u011fmen y\u00fckseli\u015fini s\u00fcrd\u00fcr\u00fcyor.<\/p>\n
Ham petrol fiyatlar\u0131, Moskova ve Washington aras\u0131nda Ukrayna konusunda yap\u0131lan ve \u015fimdiye kadar kayda de\u011fer bir ilerleme kaydedilemeyen g\u00f6r\u00fc\u015fmelere benzer \u015fekilde durgun seyrediyor. Ukrayna, Rus enerji altyap\u0131s\u0131 \u00fczerindeki bask\u0131s\u0131n\u0131 s\u00fcrd\u00fcr\u00fcyor.<\/p>\n
Ge\u00e7en hafta Karadeniz'de iki petrol tankerini hedef alan Ukrayna ordusu, Syzran'daki Rus petrol rafinerisini vurdu\u011funu iddia ediyor. Jeopolitik cephede ise, ABD ve Venezuela aras\u0131ndaki gerilim giderek art\u0131yor ve bu durum, ABD'nin m\u00fcdahalesi durumunda Venezuela'n\u0131n petrol ihracat\u0131n\u0131 sekteye u\u011fratabilir.<\/p>\n
Son olarak, OPEC+ 2026 ba\u015f\u0131 \u00fcretim hedefini koruyor. \u00dcye \u00fclkelerin maksimum \u00fcretim kapasitesi konusundaki g\u00f6r\u00fc\u015fmeler, i\u00e7 \u00e7at\u0131\u015fma kayna\u011f\u0131 olmaya devam ediyor. Fiyatlar a\u00e7\u0131s\u0131ndan Brent petrol yakla\u015f\u0131k 63 dolar seviyesinde i\u015flem g\u00f6r\u00fcrken, WTI petrol 58,30 dolar seviyesinden i\u015flem g\u00f6r\u00fcyor.<\/p>\n
Bak\u0131r, Londra Metal Borsas\u0131'nda (LME) ton ba\u015f\u0131na 11.450 dolara ula\u015farak yeni bir rekor k\u0131rd\u0131. Bu art\u0131\u015f, zay\u0131flayan dolar ve d\u00fcnyan\u0131n \u00f6nde gelen \u00fcreticisi \u015eili'deki \u00fcretimdeki d\u00fc\u015f\u00fc\u015ften kaynaklan\u0131yor.<\/p>\n
Alt\u0131n da 4.235 dolara y\u00fckseliyor. D\u00fcnya Alt\u0131n Konseyi'ne g\u00f6re, de\u011ferli metal, merkez bankalar\u0131n\u0131n al\u0131mlar\u0131ndan faydalan\u0131yor ve Ekim ay\u0131nda 53 tonluk net al\u0131m yapt\u0131. Polonya ve Brezilya \u00f6nemli al\u0131mlarla \u00f6ne \u00e7\u0131k\u0131yor. K\u0131sa vadede alt\u0131n iki \u00f6nemli fakt\u00f6rden faydalan\u0131yor: Amerikan dolar\u0131n\u0131n d\u00fc\u015f\u00fc\u015f\u00fc ve Fed'in faiz oranlar\u0131n\u0131 d\u00fc\u015f\u00fcrece\u011fine dair genel beklenti.<\/p>\n
G\u00fcm\u00fc\u015f de y\u00fckseli\u015f trendini s\u00fcrd\u00fcr\u00fcyor, Cuma g\u00fcn\u00fc 59,32 dolarl\u0131k yeni bir rekor seviyeye ula\u015ft\u0131ktan sonra ons ba\u015f\u0131na y\u00fczde 0,4 d\u00fc\u015f\u00fc\u015fle 58,06 dolara geriledi. Beyaz metal, bu y\u0131l \u015fimdiye kadar y\u00fczde 100'\u00fcn \u00fczerinde de\u011fer kazand\u0131. G\u00fcm\u00fc\u015f\u00fcn alt\u0131na k\u0131yasla hala de\u011ferinin alt\u0131nda g\u00f6r\u00fcld\u00fc\u011f\u00fcn\u00fc ve 2025'teki y\u00fckseli\u015finin hem b\u00fcy\u00fcyen end\u00fcstriyel i\u015ftah\u0131 hem de talebin 2026'ya kadar arz\u0131 a\u015fmaya devam edece\u011fi beklentilerini yans\u0131tt\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcnmekteyiz.<\/p>\n
Ba\u015fl\u0131k olarak bakarsak bu hafta; k\u00fcresel piyasalar\u0131n ana g\u00fcndemi, 9\u201310 Aral\u0131k\u2019ta ger\u00e7ekle\u015fecek Fed toplant\u0131s\u0131 olacak, Makro veri taraf\u0131nda ABD \u00fcretici fiyatlar\u0131 (PPI), Euro B\u00f6lgesi enflasyon verileri ve \u00c7in\u2019in a\u00e7\u0131klayaca\u011f\u0131 CPI\/PPI rakamlar\u0131 k\u00fcresel b\u00fcy\u00fcme ve enflasyon g\u00f6r\u00fcn\u00fcm\u00fc a\u00e7\u0131s\u0131ndan y\u00f6n g\u00f6sterecek. Fed sonras\u0131 a\u00e7\u0131klanacak ABD verileri volatiliteyi art\u0131rabilir; Euro B\u00f6lgesi verileri ise ECB\u2019nin k\u0131sa vadeli politika patikas\u0131 i\u00e7in \u00f6nemli sinyaller sa\u011flayacak. \u00c7in cephesindeki fiyat g\u00f6stergeleri emtia ve geli\u015fen \u00fclke piyasalar\u0131 \u00fczerinde etkili olabilir. Di\u011fer \u00f6nemli ba\u015fl\u0131klar aras\u0131nda Avustralya, Kanada ve \u0130svi\u00e7re merkez bankalar\u0131n\u0131n politika kararlar\u0131 yer al\u0131yor; bu kararlar k\u00fcresel risk i\u015ftah\u0131, carry trade ak\u0131mlar\u0131 ve para birimlerinde k\u0131sa vadeli hareketlere yol a\u00e7abilir.<\/p>\n
T\u00fcrkiye taraf\u0131nda ise 11 Aral\u0131k\u2019taki TCMB PPK toplant\u0131s\u0131 kritik olacak. (150 baz puanl\u0131k indirim beklemekteyiz.) Sanayi \u00fcretim ve Cari i\u015flemler verileri ile piyasa kat\u0131l\u0131mc\u0131lar\u0131 anketi de di\u011fer \u00f6nemli ba\u015fl\u0131klar olarak kar\u015f\u0131m\u0131za \u00e7\u0131kmakta.”<\/p>\n
<\/strong> \u0130stanbul, 8 Aral\u0131k (Hibya) – A1 Capital, t\u00fcm g\u00f6zlerin, \u00c7ar\u015famba g\u00fcn\u00fc yap\u0131lmas\u0131 planlanan ABD Merkez Bankas\u0131 (FED) toplant\u0131s\u0131na \u00e7evrildi\u011fini a\u00e7\u0131klad\u0131.<\/p>\n","protected":false},"author":1,"featured_media":16993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,4,1],"tags":[],"class_list":["post-16992","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-dunya","category-ekonomi"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/16992","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=16992"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/16992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/16993"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=16992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=16992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=16992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"