{"id":23364,"date":"2025-12-22T08:00:02","date_gmt":"2025-12-22T05:00:02","guid":{"rendered":"https:\/\/ekonomigundemi.com.tr\/index.php\/2025\/12\/22\/piramit-menkul-kuresel-piyasalari-sakin-bir-gundem-bekliyor"},"modified":"2025-12-22T08:00:02","modified_gmt":"2025-12-22T05:00:02","slug":"piramit-menkul-kuresel-piyasalari-sakin-bir-gundem-bekliyor","status":"publish","type":"post","link":"https:\/\/ekonomigundemi.com.tr\/index.php\/2025\/12\/22\/piramit-menkul-kuresel-piyasalari-sakin-bir-gundem-bekliyor\/","title":{"rendered":"Piramit Menkul: K\u00fcresel piyasalar\u0131 sakin bir g\u00fcndem bekliyor"},"content":{"rendered":"<p>Piramit Menkul K\u0131ymetler&#039;in de\u011ferlendirmesinde, maj\u00f6r merkez bankalar\u0131n\u0131n para politikas\u0131 toplant\u0131lar\u0131yla ABD ve Avrupa\u2019n\u0131n enflasyon verilerinin izlendi\u011fi yo\u011fun haftan\u0131n ard\u0131ndan k\u00fcresel piyasalar\u0131 daha sakin bir g\u00fcndem bekledi\u011fi aktar\u0131ld\u0131. Noel tatili \u00f6ncesinde ABD b\u00fcy\u00fcme rakamlar\u0131n\u0131n a\u00e7\u0131klanaca\u011f\u0131 hat\u0131rlat\u0131l\u0131rken \u015fu bilgiler verildi:<\/p>\n<p>&#8220;Ayr\u0131ca, ABD\u2019de sanayi \u00fcretimi ve t\u00fcketici g\u00fcveni izlenecek. Japonya Merkez Bankas\u0131\u2019n\u0131n (BoJ) faizleri neredeyse otuz y\u0131l\u0131n en y\u00fcksek seviyesine ta\u015f\u0131d\u0131\u011f\u0131 para politikas\u0131 toplant\u0131s\u0131n\u0131n tutanaklar\u0131 yay\u0131mlanacak.<\/p>\n<p>Haftan\u0131n ilk i\u015flem g\u00fcn\u00fc \u0130ngiltere\u2019de y\u0131l\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fine ili\u015fkin nihai b\u00fcy\u00fcme rakamlar\u0131 yay\u0131mlanacak. Kas\u0131mda a\u00e7\u0131klanan \u00f6nc\u00fc verilere g\u00f6re \u0130ngiltere GSY\u0130H\u2019si temmuz-eyl\u00fcl d\u00f6neminde bir \u00f6nceki \u00fc\u00e7 ayl\u0131k d\u00f6neme g\u00f6re y\u00fczde 0,1 b\u00fcy\u00fcyerek piyasa beklentisinin hafif\u00e7e alt\u0131nda kal\u0131rken bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re y\u00fczde 1,3 b\u00fcy\u00fcyerek beklentiyi kar\u015f\u0131lad\u0131.<\/p>\n<p>\u0130ngiltere ekonomisi y\u0131l\u0131n ilk \u00e7eyre\u011finde \u00e7eyreklik y\u00fczde 0,7, y\u0131ll\u0131k y\u00fczde 1,3, ikinci \u00e7eyrekte \u00e7eyreklik y\u00fczde 0,3, y\u0131ll\u0131k y\u00fczde 1,4 b\u00fcy\u00fcme kaydetmi\u015fti.<\/p>\n<p>ABD\u2019de ge\u00e7en hafta cuma g\u00fcn\u00fc a\u00e7\u0131klanmas\u0131 beklenen kritik veri bug\u00fcne ertelenmi\u015fti. PCE Fiyat Endeksi eyl\u00fclde ayl\u0131k y\u00fczde 0,3, y\u0131ll\u0131k y\u00fczde 2,8 art\u0131\u015fla beklentileri kar\u015f\u0131larken Fed\u2019in yak\u0131ndan izledi\u011fi \u00e7ekirdek PCE Fiyat Endeksi ayl\u0131k y\u00fczde 0,2 art\u0131\u015fla beklentiyi kar\u015f\u0131larken y\u0131ll\u0131k y\u00fczde 2,8 art\u0131\u015fla beklentinin hafif\u00e7e alt\u0131nda kalm\u0131\u015ft\u0131.<\/p>\n<p>Sal\u0131 g\u00fcn\u00fc ABD taraf\u0131nda bir dizi \u00f6nemli veri kar\u015f\u0131lanacak. G\u00fcn boyunca \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrek b\u00fcy\u00fcme, ekim ayn\u0131n sanayi \u00fcretimi ve aral\u0131k t\u00fcketici g\u00fcveni verileri takip edilecek.<\/p>\n<p>ABD ekonomisi y\u0131l\u0131n ikinci ikinci \u00e7eyre\u011finde bir \u00f6nceki \u00e7eyre\u011fe g\u00f6re y\u00fczde 3,8 b\u00fcy\u00fcyerek piyasa beklentisini \u00f6nemli \u00f6l\u00e7\u00fcde a\u015fm\u0131\u015ft\u0131. Y\u0131l\u0131n ilk \u00e7eyre\u011finde ise \u00e7eyreklik y\u00fczde 0,5 k\u00fc\u00e7\u00fclerek beklenenden daha sert bir daralma kaydetmi\u015fti.<\/p>\n<p>Sanayi \u00fcretiminde eyl\u00fclde ayl\u0131k y\u00fczde 0,1 b\u00fcy\u00fcme ile piyasa beklentisi kar\u015f\u0131lan\u0131rken bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re y\u00fczde 1,62 art\u0131\u015f olmu\u015ftu.<\/p>\n<p>Consumer Board t\u00fcketici g\u00fcven endeksi ekimde 95,5 iken kas\u0131mda 88,7 de\u011ferini alarak beklentinin \u00f6nemli \u00f6l\u00e7\u00fcde alt\u0131nda kalm\u0131\u015ft\u0131. Ekime g\u00f6re s\u0131n\u0131rl\u0131 bir d\u00fc\u015f\u00fc\u015f beklenmekteydi. T\u00fcketici harcamalar\u0131na \u00f6nc\u00fc g\u00f6sterge olarak izlenen endeks a\u011fustos ay\u0131ndan beri gerileyerek k\u00f6t\u00fcmserli\u011fin artt\u0131\u011f\u0131n\u0131 i\u015faret etmektedir.<\/p>\n<p>Japonya Merkez Bankas\u0131 (BoJ), \u00e7ar\u015famba, ge\u00e7en hafta ger\u00e7ekle\u015ftirdi\u011fi para politikas\u0131 toplant\u0131s\u0131n\u0131n tutanaklar\u0131n\u0131 yay\u0131mlayacak. BoJ, politika faizini 25bp art\u0131r\u0131mla y\u00fczde 0,75 ile 1995\u2019ten beri en y\u00fcksek seviyeye y\u00fckselterek piyasa beklentisini kar\u015f\u0131lad\u0131.<\/p>\n<p>Noel tatili nedeniyle \u00e7ar\u015famba g\u00fcn\u00fc Almanya, \u0130ngiltere ve ABD gibi maj\u00f6r piyasalar yar\u0131m ya da tam g\u00fcn kapal\u0131 olacak. Per\u015fembe ise tam g\u00fcn kapal\u0131 olacaklar. Almanya ve \u0130ngiltere gibi baz\u0131 maj\u00f6r piyasalar hediyele\u015fme g\u00fcn\u00fc tatili dolay\u0131s\u0131yla per\u015fembe g\u00fcn\u00fc de kapal\u0131 olacak.<\/p>\n<p>Bu hafta yurt i\u00e7inde T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n (TCMB) Sekt\u00f6rel Enflasyon Beklentileri raporu takip edilecek. Hafta boyunca imalat sekt\u00f6r\u00fc g\u00fcveni ve sekt\u00f6rel g\u00fcven endeksleri, ayr\u0131ca, merkezi y\u00f6netim bor\u00e7 stoku ve turizm istatistikleri gibi \u00e7e\u015fitli veriler takip edilecek.<\/p>\n<p>Haftan\u0131n ilk i\u015flem g\u00fcn\u00fc yurt i\u00e7inde T\u00dc\u0130K\u2019in a\u00e7\u0131klayaca\u011f\u0131 ekim ay\u0131 Yurt D\u0131\u015f\u0131 \u00dcretici Fiyat Endeksi (YD-\u00dcFE) ve ekim Tar\u0131msal girdi fiyat endeksi (Tar\u0131m-GFE) takip edilecek. Ayr\u0131ca, K\u00fclt\u00fcr ve Turizm Bakanl\u0131\u011f\u0131\u2019n\u0131n (KTB) kas\u0131m ay\u0131na ili\u015fkin Turizm \u0130statistikleri ve Hazine ve Maliye Bakanl\u0131\u011f\u0131\u2019n\u0131n yay\u0131mlayaca\u011f\u0131 merkezi y\u00f6netim bor\u00e7 stoku istatistikleri izlenecek.<\/p>\n<p>YD-\u00dcFE ekimde bir \u00f6nceki aya g\u00f6re y\u00fczde 0,90, aral\u0131k ay\u0131na g\u00f6re y\u00fczde 28,69, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 ay\u0131na g\u00f6re y\u00fczde 28,75 ve on iki ayl\u0131k ortalamalara g\u00f6re y\u00fczde 25,13 art\u0131\u015f g\u00f6stermi\u015fti.<\/p>\n<p>Tar\u0131msal girdi fiyat endeksi (Tar\u0131m-GFE) eyl\u00fclde bir \u00f6nceki aya g\u00f6re y\u00fczde 2,16, aral\u0131k ay\u0131na g\u00f6re y\u00fczde 26,48, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 ay\u0131na g\u00f6re y\u00fczde 34,60 ve on iki ayl\u0131k ortalamalara g\u00f6re y\u00fczde 32,19 artm\u0131\u015ft\u0131.<\/p>\n<p>KTB\u2019nin Emniyet Genel M\u00fcd\u00fcrl\u00fc\u011f\u00fc&#039;nden al\u0131nan ge\u00e7ici verilerine g\u00f6re ekim ay\u0131nda \u00fclkemizi ziyaret eden yabanc\u0131 say\u0131s\u0131 ge\u00e7en y\u0131l\u0131n ayn\u0131 ay\u0131na g\u00f6re y\u00fczde 4,32 art\u0131\u015f kaydederek 5,68 milyona y\u00fckseldi. Ocak-ekim d\u00f6neminde bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re y\u00fczde 0,12 azalarak 47,25 milyon ki\u015fi oldu.<\/p>\n<p>HMB\u2019nin son verilerine g\u00f6re merkezi y\u00f6netim bor\u00e7 stoku ekim sonu itibar\u0131yla 13,17trln TL olarak ger\u00e7ekle\u015fti. Bor\u00e7 stokunun 6,16trln TL tutar\u0131ndaki k\u0131sm\u0131 T\u00fcrk Liras\u0131 cinsi, 7,00trln TL k\u0131sm\u0131 d\u00f6viz cinsi bor\u00e7lardan olu\u015fmaktad\u0131r.<\/p>\n<p>T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB) per\u015fembe g\u00fcn\u00fc aral\u0131k reel kesim g\u00fcven endeksi (RKGE) ve kapasite kullan\u0131m oran\u0131 (KKO) verilerini yay\u0131mlayacak. Ayr\u0131ca, T\u00dc\u0130K\u2019in sekt\u00f6rel g\u00fcven endeksleri takip edilecek.<\/p>\n<p>TCMB\u2019nin kas\u0131m b\u00fcltenine g\u00f6re mevsimsellikten ar\u0131nd\u0131r\u0131lm\u0131\u015f Reel Kesim G\u00fcven Endeksi (RKGE-MA) kas\u0131mda bir \u00f6nceki aya g\u00f6re 1,2 puan artarak 103,2 seviyesine y\u00fckseldi. Ayn\u0131 d\u00f6nemde imalat sanayi genelinde mevsimsel etkilerden ar\u0131nd\u0131r\u0131lm\u0131\u015f Kapasite Kullan\u0131m Oran\u0131 (KKO-MA) 0,1 puan artarak y\u00fczde 74,1 oldu.<\/p>\n<p>T\u00dc\u0130K\u2019in verilerine g\u00f6re mevsim etkilerinden ar\u0131nd\u0131r\u0131lm\u0131\u015f g\u00fcven endeksi kas\u0131mda ayl\u0131k bazda; hizmet sekt\u00f6r\u00fcnde y\u00fczde 1,0 art\u0131\u015fla 111,8, perakende ticaret sekt\u00f6r\u00fcnde y\u00fczde 0,9 art\u0131\u015fla 114,2 ve in\u015faat sekt\u00f6r\u00fcnde y\u00fczde 1,5 art\u0131\u015fla 84,9 de\u011ferini alm\u0131\u015ft\u0131.<\/p>\n<p>T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB) haftan\u0131n son i\u015flem g\u00fcn\u00fc Sekt\u00f6rel Enflasyon Beklentileri raporunu yay\u0131mlayacak. TCMB\u2019nin ge\u00e7en ayki raporuna g\u00f6re 12 ay sonras\u0131 y\u0131ll\u0131k enflasyon beklentileri kas\u0131mda bir \u00f6nceki aya g\u00f6re, piyasa kat\u0131l\u0131mc\u0131lar\u0131 i\u00e7in 0,23 puan art\u0131\u015fla y\u00fczde 23,49\u2019a y\u00fckselirken reel sekt\u00f6r i\u00e7in 0,60 puan azal\u0131\u015fla y\u00fczde 35,70\u2019e, hane halk\u0131 i\u00e7in 2,15 puan azal\u0131\u015fla y\u00fczde 52,24 seviyesine gerilemi\u015fti.&#8221;<\/p>\n<p> <strong><\/strong><br \/>\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0130stanbul, 22 Aral\u0131k (Hibya) &#8211; Piramit Menkul K\u0131ymetler, maj\u00f6r merkez bankalar\u0131n\u0131n para politikas\u0131 toplant\u0131lar\u0131yla ABD ve Avrupa\u2019n\u0131n enflasyon verilerinin izlendi\u011fi yo\u011fun haftan\u0131n ard\u0131ndan k\u00fcresel piyasalar\u0131 daha sakin bir g\u00fcndem bekledi\u011fini bildirdi.<\/p>\n","protected":false},"author":1,"featured_media":23365,"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-23364","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\/23364","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=23364"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/23364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/23365"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=23364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=23364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=23364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}