Gedik Yat\u0131r\u0131m'\u0131n de\u011ferlendirmesinde, 2025\u2019in son i\u015flem g\u00fcn\u00fcnde k\u00fcresel piyasalarda temkinli bir g\u00f6r\u00fcn\u00fcm \u00f6ne \u00e7\u0131karken, y\u0131l boyunca ya\u015fanan g\u00fc\u00e7l\u00fc rallinin ard\u0131ndan kar realizasyonlar\u0131n\u0131n dikkat \u00e7ekti\u011fi belirtildi. Asya borsalar\u0131 ve ABD endeks vadeli i\u015flemlerinin s\u0131n\u0131rl\u0131 d\u00fc\u015f\u00fc\u015fler kaydederken, bir\u00e7ok b\u00fcy\u00fck piyasan\u0131n y\u0131l i\u00e7in kapanm\u0131\u015f olmas\u0131 nedeniyle i\u015flem hacimleri olduk\u00e7a d\u00fc\u015f\u00fck seyretti\u011fi aktar\u0131l\u0131rken \u015fu bilgiler verildi:<\/p>\n
“ABD\u2019de S&P 500 ve Nasdaq 100 vadeli kontratlar\u0131 hafif gerilerken, \u00f6nceki g\u00fcn Wall Street\u2019te ya\u015fanan sat\u0131\u015flar k\u00fcresel risk i\u015ftah\u0131n\u0131 bask\u0131lad\u0131. Buna kar\u015f\u0131n Avrupa ve Asya hisse senetleri y\u0131l\u0131 g\u00fc\u00e7l\u00fc kazan\u00e7larla kapatmaya haz\u0131rlan\u0131yor ve \u00f6zellikle Asya piyasalar\u0131 2017\u2019den bu yana en iyi y\u0131llar\u0131ndan birini ge\u00e7irdi.<\/p>\n
Emtia taraf\u0131nda de\u011ferli metaller \u00f6n planda kalmaya devam etti. G\u00fcm\u00fc\u015f sert bir g\u00fcnl\u00fck d\u00fc\u015f\u00fc\u015f ya\u015fasa da y\u0131l\u0131 yakla\u015f\u0131k y\u00fczde 150\u2019lik y\u00fckseli\u015fle tamamlarken, alt\u0131n da 1979\u2019dan bu yana en g\u00fc\u00e7l\u00fc y\u0131ll\u0131k performans\u0131na do\u011fru ilerliyor. Bitcoin ise bu g\u00fc\u00e7l\u00fc tabloya e\u015flik edemeyerek son d\u00f6rt y\u0131l i\u00e7inde ikinci kez y\u0131l\u0131 d\u00fc\u015f\u00fc\u015fle kapatmaya haz\u0131rlan\u0131yor. D\u00f6viz piyasas\u0131nda dolar endeksi y\u0131l genelinde belirgin \u015fekilde zay\u0131flarken, bu durum geli\u015fen \u00fclke para birimleri ve emtia fiyatlar\u0131 i\u00e7in destekleyici oldu. \u00c7in yuan\u0131n\u0131n 7 seviyesinin alt\u0131na g\u00fc\u00e7lenmesi Asya piyasalar\u0131 a\u00e7\u0131s\u0131ndan \u00f6nemli bir sinyal olarak de\u011ferlendiriliyor.<\/p>\n
Makro cephede 2025 y\u0131l\u0131, Trump\u2019\u0131n yeniden Beyaz Saray\u2019a d\u00f6n\u00fc\u015f\u00fc, ticaret tarifeleri, Fed\u2019in faiz indirimleri ve yapay zeka yat\u0131r\u0131mlar\u0131 etraf\u0131nda \u015fekillendi. Y\u0131l i\u00e7inde ya\u015fanan sert dalgalanmalara ra\u011fmen hisse senetleri yeni zirveler g\u00f6rerek g\u00fc\u00e7l\u00fc bir toparlanma sergiledi. Ancak Fed\u2019in son toplant\u0131 tutanaklar\u0131nda g\u00f6r\u00fclen g\u00f6r\u00fc\u015f ayr\u0131l\u0131klar\u0131, 2026\u2019da para politikas\u0131na dair belirsizliklerin s\u00fcrece\u011fine i\u015faret ediyor. Petrol fiyatlar\u0131 ise k\u00fcresel arz fazlas\u0131 beklentileri nedeniyle pandemi d\u00f6neminden bu yana en sert y\u0131ll\u0131k kayb\u0131na y\u00f6nelmi\u015f durumda. Genel olarak piyasalar 2025\u2019i g\u00fc\u00e7l\u00fc kazan\u00e7larla geride b\u0131rak\u0131rken, 2026\u2019ya girerken y\u00fcksek de\u011ferlemeler ve jeopolitik riskler nedeniyle daha se\u00e7ici ve temkinli bir fiyatlama s\u00fcrecine haz\u0131rlan\u0131yor.<\/p>\n
Avrupa borsalar\u0131, 2025\u2019in son i\u015flem g\u00fcn\u00fcnde Fed tutanaklar\u0131n\u0131n yaratt\u0131\u011f\u0131 g\u00f6rece olumlu alg\u0131yla hafif y\u00fckseli\u015fle a\u00e7\u0131lmaya haz\u0131rlan\u0131yor; ancak y\u0131l sonu likiditesinin zay\u0131f olmas\u0131 ve y\u0131lba\u015f\u0131 tatilleri nedeniyle i\u015flemlerin s\u0131n\u0131rl\u0131 kalmas\u0131 bekleniyor. B\u00f6lgedeki bir\u00e7ok piyasa bug\u00fcn erken kapanacak ve 1 Ocak\u2019a kadar kapal\u0131 kalacak, bu da fiyat hareketlerinin dar bantta kalmas\u0131na yol a\u00e7\u0131yor. Yat\u0131r\u0131mc\u0131lar, Fed\u2019in aral\u0131k toplant\u0131 tutanaklar\u0131nda enflasyonun gerilemesi halinde faiz indirimlerine a\u00e7\u0131k kap\u0131 b\u0131rakmas\u0131n\u0131 destekleyici bulurken, indirimin zamanlamas\u0131 ve b\u00fcy\u00fckl\u00fc\u011f\u00fcne dair g\u00f6r\u00fc\u015f ayr\u0131l\u0131klar\u0131 temkinli duru\u015fu koruyor. Asya taraf\u0131nda \u00c7in\u2019de fabrika faaliyetlerinin aral\u0131k ay\u0131nda toparlanarak sekiz ayl\u0131k daralma serisini sonland\u0131rmas\u0131, k\u00fcresel b\u00fcy\u00fcme g\u00f6r\u00fcn\u00fcm\u00fcne dair iyimserli\u011fi art\u0131rd\u0131. Avrupa\u2019da ise bug\u00fcn a\u00e7\u0131klanacak \u00f6nemli bir makro veri bulunmazken, piyasalar y\u0131l\u0131 g\u00fc\u00e7l\u00fc kazan\u00e7larla kapat\u0131p 2026\u2019ya daha d\u00fc\u015f\u00fck faiz beklentileri ve artan jeopolitik riskler aras\u0131nda girmeye haz\u0131rlan\u0131yor.<\/p>\n
Yurt i\u00e7erisinde i\u015fsizlik oran\u0131 kas\u0131mda y\u00fczde 8,5\u2019den y\u00fczde 8,6\u2019ya y\u00fckselirken, ekonomik g\u00fcven endeksi aral\u0131k ay\u0131nda 99,50 ile sabit kald\u0131. Verilerin fiyatlamalara etkisi olmad\u0131. Kurda yatay seyirler takip edildi. Dolar endeksi ise y\u00fckseli\u015f e\u011filimi kaydetti. Y\u0131l\u0131n son i\u015flem g\u00fcn\u00fcnde yurt i\u00e7erisinde d\u0131\u015f ticaret dengesi, ABD\u2019de ise haftal\u0131k i\u015fsizlik maa\u015f\u0131 ba\u015fvurular\u0131 takip edilecek. Verilerin fiyatlamalara etkisinin olmas\u0131n\u0131 beklemiyoruz. Genel g\u00f6r\u00fcn\u00fcmde 5 Ocak\u2019ta yurt i\u00e7erisinde a\u00e7\u0131klanacak enflasyon verisi ve 22 Ocak\u2019ta TCMB faiz karar\u0131 yak\u0131ndan izlenecek olup, ocak ay\u0131nda Moody\u2019s ve Fitch\u2019in kredi notu de\u011ferlendirme raporlar\u0131 izlenecek. ABD\u2019de ise FED\u2019in ocak ay\u0131nda faizi sabit b\u0131rakmas\u0131 bekleniyor. Dolar\/TL, bu sabah saat 08:00 itibariyle 42,96 civar\u0131ndan i\u015flem g\u00f6r\u00fcyor. Dolar endeksi ise 98,31 civar\u0131nda bulunuyor.”<\/p>\n
<\/strong> \u0130stanbul, 31 Aral\u0131k (Hibya) – Gedik Yat\u0131r\u0131m, Asya borsalar\u0131 ve ABD endeks vadeli i\u015flemlerinin s\u0131n\u0131rl\u0131 d\u00fc\u015f\u00fc\u015fler kaydederken, bir\u00e7ok b\u00fcy\u00fck piyasan\u0131n y\u0131l i\u00e7in kapanm\u0131\u015f olmas\u0131 nedeniyle i\u015flem hacimleri olduk\u00e7a d\u00fc\u015f\u00fck seyretti\u011fini bildirdi.<\/p>\n","protected":false},"author":1,"featured_media":27602,"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-27601","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\/27601","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=27601"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/27601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/27602"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=27601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=27601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=27601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"