Piramit Menkul K\u0131ymetler\u2019in raporunda bu hafta k\u00fcresel piyasalarda yo\u011fun bir ABD, \u0130ngiltere, Euro B\u00f6lgesi ve Japonya\u2019n\u0131n enflasyon verileri ve ABD b\u00fcy\u00fcme verisi takip edilece\u011fi aktar\u0131ld\u0131. Raporda \u015f\u00f6yle denildi:<\/p>\n
\u201cAyr\u0131ca, hafta boyunca d\u00fcnya genelinde PMI verileri, \u00c7in\u2019in b\u00fcy\u00fcme verileri, \u00c7in ve Japonya merkez bankalar\u0131n\u0131n faiz kararlar\u0131 ve ABD\u2019de t\u00fcketici g\u00fcveni izlenecek.<\/p>\n
Haftan\u0131n ilk i\u015flem g\u00fcn\u00fc \u00c7in\u2019in b\u00fcy\u00fcme, sanayi \u00fcretimi ve perakende sat\u0131\u015flar verileri, Euro B\u00f6lgesi\u2019nin aral\u0131k ay\u0131na ili\u015fkin nihai T\u00dcFE rakamlar\u0131 takip edilecek.<\/p>\n
\u00c7in ekonomisinin 2025\u2019in son \u00e7eyre\u011finde y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f olarak y\u00fczde 4,4 b\u00fcy\u00fcme kaydetmesi bekleniyor. D\u00fcnyan\u0131n en b\u00fcy\u00fck ikinci ekonomisi \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrekte y\u00fczde 4,8 b\u00fcy\u00fcmeyle beklentileri hafif\u00e7e a\u015farken ikinci \u00e7eyrekte y\u00fczde 5,2, ilk \u00e7eyrekte ise y\u00fczde 5,4 b\u00fcy\u00fcm\u00fc\u015ft\u00fc.<\/p>\n
\u00c7in\u2019de sanayi \u00fcretimi kas\u0131mda bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re y\u00fczde 4,8 art\u0131\u015fla beklentinin hafif\u00e7e alt\u0131nda kal\u0131rken perakende sat\u0131\u015flar y\u00fczde 1,3 art\u0131\u015fla beklentinin \u00f6nemli \u00f6l\u00e7\u00fcde alt\u0131nda kalm\u0131\u015ft\u0131. Aral\u0131kta, sanayi \u00fcretiminin y\u0131ll\u0131k y\u00fczde 5,0, perakende sat\u0131\u015flar\u0131n y\u00fczde 1,2 artmas\u0131 beklenmektedir.<\/p>\n
Yeni y\u0131l\u0131n ilk haftas\u0131nda a\u00e7\u0131klanan \u00f6nc\u00fc verilere g\u00f6re Euro B\u00f6lgesi\u2019nde t\u00fcketici fiyatlar\u0131 aral\u0131kta bir \u00f6nceki aya g\u00f6re y\u00fczde 0,2, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 ay\u0131na g\u00f6re y\u00fczde 2,0 artt\u0131. Nihai verilerde de\u011fi\u015fiklik beklenmemektedir.<\/p>\n
Sal\u0131 g\u00fcn\u00fc \u00c7in Merkez Bankas\u0131\u2019n\u0131n (PBoC) faiz karar\u0131, Almanya aral\u0131k \u00dcFE rakamlar\u0131 ve Almanya ve Euro B\u00f6lgesi\u2019nde ocak ay\u0131n\u0131n ZEW Ekonomik G\u00fcven Endeksi takip edilecek.<\/p>\n
\u00c7in\u2019de ticari ve t\u00fcketici kredisi faizleri i\u00e7in g\u00f6sterge niteli\u011findeki 1 y\u0131ll\u0131k kredi ana faiz oran\u0131 (LPR) y\u00fczde 3,00, mortgage faizleri i\u00e7in g\u00f6sterge niteli\u011findeki 5 y\u0131ll\u0131k LPR y\u00fczde 3,50 seviyesinde bulunmaktad\u0131r. Faizlerde de\u011fi\u015fiklik beklenmiyor. PBoC, en son ge\u00e7en y\u0131l\u0131n may\u0131s ay\u0131nda 10\u2019ar bp indirime gitmi\u015fti.<\/p>\n
Almanya\u2019da \u00fcretici fiyatlar\u0131 kas\u0131mda bir \u00f6nceki aya g\u00f6re de\u011fi\u015fmezken bir \u00f6nceki y\u0131l\u0131n ayn\u0131 ay\u0131na g\u00f6re y\u00fczde 2,3 azal\u0131\u015fla beklenenden biraz daha d\u00fc\u015f\u00fck gelmi\u015fti.<\/p>\n
ZEW Ekonomik G\u00fcven Endeksleri, aral\u0131kta, Almanya\u2019da 38,5\u2019ten 45,8\u2019e, Euro B\u00f6lgesi 25,0\u2019ten 33,7\u2019ye y\u00fckselerek temmuzdan beri en y\u00fcksek de\u011ferleri alm\u0131\u015ft\u0131.<\/p>\n
Veri yo\u011funlu\u011fu a\u00e7\u0131s\u0131ndan g\u00f6rece sakin ge\u00e7ecek \u00e7ar\u015famba g\u00fcn\u00fc \u0130ngiltere\u2019nin ocak ay\u0131na ili\u015fkin T\u00dcFE\/\u00dcFE rakamlar\u0131 takip edilebilir.<\/p>\n
T\u00fcketici fiyatlar\u0131 taraf\u0131nda, T\u00dcFE kas\u0131mda ayl\u0131k y\u00fczde 0,2 azal\u0131\u015f, y\u0131ll\u0131k y\u00fczde 3,2 art\u0131\u015fla beklenenden daha zay\u0131f gelmi\u015fti. \u00c7ekirdek T\u00dcFE de ayl\u0131k y\u00fczde 0,2 azal\u0131\u015f, y\u0131ll\u0131k y\u00fczde 3,2 art\u0131\u015fla beklenenden d\u00fc\u015f\u00fck geldi.<\/p>\n
Ayn\u0131 d\u00f6nemde \u00fcretici fiyatlar\u0131 taraf\u0131nda, \u00dcFE ayl\u0131k y\u00fczde 0,1, y\u0131ll\u0131k y\u00fczde 3,4 art\u0131\u015fla beklentiyi kar\u015f\u0131larken \u00e7ekirdek \u00dcFE bir \u00f6nceki aya g\u00f6re de\u011fi\u015fmedi, y\u0131ll\u0131k bazda y\u00fczde 3,5 artt\u0131.<\/p>\n
Per\u015fembe g\u00fcn\u00fc ABD\u2019nin 3\u00c725 ikinci tahmin b\u00fcy\u00fcme rakamlar\u0131 ve faiz patikas\u0131 a\u00e7\u0131s\u0131ndan \u00f6nem arz eden, Fed\u2019in tercih etti\u011fi t\u00fcketici enflasyonu g\u00f6stergesi PCE Fiyat Endeksi takip edilecek.<\/p>\n
\u00a0<\/p>\n
Aral\u0131k sonunda yay\u0131mlanan \u00f6nc\u00fc verilere g\u00f6re ABD ekonomisi ge\u00e7en y\u0131l\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde y\u0131ll\u0131k y\u00fczde 4,3, \u00e7eyreklik y\u00fczde 1,1 b\u00fcy\u00fcyerek piyasa beklentisinin olduk\u00e7a \u00fczerinde bir performans g\u00f6stermi\u015fti. \u0130kinci tahmin veride de\u011fi\u015fiklik beklenmemektedir.<\/p>\n
PCE Fiyat Endeksi eyl\u00fclde ayl\u0131k y\u00fczde 0,3, y\u0131ll\u0131k y\u00fczde 2,8 art\u0131\u015fla piyasa beklentisini kar\u015f\u0131lam\u0131\u015ft\u0131. Fed\u2019in yak\u0131ndan izledi\u011fi \u00e7ekirdek PCE Fiyat Endeksi ise ayn\u0131 d\u00f6nemde ayl\u0131k y\u00fczde 0,2 artarken y\u0131ll\u0131k y\u00fczde 2,8 art\u0131\u015fla piyasa beklentisinin alt\u0131nda kalm\u0131\u015ft\u0131.<\/p>\n
K\u00fcresel PMI Verileri, BoJ faiz karar\u0131, Japonya T\u00dcFE, ABD\u2019de Michigan T\u00fcketici G\u00fcven Endeksi<\/p>\n
Haftan\u0131n son i\u015flem g\u00fcn\u00fc k\u00fcresel piyasalarda d\u00fcnya genelinde ocak ay\u0131n\u0131n \u00f6nc\u00fc PMI verileri, Japonya Merkez Bankas\u0131\u2019n\u0131n (BoJ) para politikas\u0131 toplant\u0131s\u0131 ve Japonya aral\u0131k T\u00dcFE rakamlar\u0131 ve ABD\u2019de Michigan \u00dcniversitesi\u2019nin ocak ay\u0131na ili\u015fkim nihai t\u00fcketici g\u00fcven endeksi takip edilecek.<\/p>\n
\u0130malat PMI taraf\u0131nda: Japonya verisi kas\u0131mda 48,7\u2019den aral\u0131kta 50,0\u2019ye y\u00fckseldi. Almanya verisi kas\u0131mda 48,2\u2019den aral\u0131kta 47,0\u2019ye geriledi. Euro B\u00f6lgesi verisi kas\u0131mda 49,6\u2019dan aral\u0131kta 48,8\u2019e geriledi. \u0130ngiltere verisi kas\u0131mda 50,2\u2019den aral\u0131kta 50,6\u2019ya y\u00fckseldi. ABD verisi kas\u0131mda 52,2\u2019den aral\u0131kta 51,8\u2019e geriledi.<\/p>\n
Hizmet PMI taraf\u0131nda: Japonya verisi kas\u0131mda 53,2\u2019den aral\u0131kta 51,6\u2019ya y\u00fckseldi. Almanya verisi kas\u0131mda 53,1\u2019den aral\u0131kta 52,7\u2019ye geriledi. Euro B\u00f6lgesi verisi kas\u0131mda 53,6\u2019dan aral\u0131kta 52,4\u2019e geriledi. \u0130ngiltere verisi kas\u0131mda 51,3\u2019ten aral\u0131kta 51,4\u2019e y\u00fckseldi. ABD verisi kas\u0131mda 54,1\u2019den aral\u0131kta 52,5\u2019e geriledi.<\/p>\n
Di\u011fer maj\u00f6r merkez bankalar\u0131n\u0131n aksine faiz art\u0131r\u0131m s\u00fcrecinde olan BoJ, aral\u0131k toplant\u0131s\u0131nda, politika faizini piyasa beklentisi do\u011frultusunda 25bp art\u0131rarak y\u00fczde 0,75 ile 1995\u2019ten beri en y\u00fcksek seviyeye \u00e7\u0131kard\u0131. Ge\u00e7en y\u0131l\u0131n mart ay\u0131nda faiz art\u0131r\u0131mlar\u0131na ba\u015flayan BoJ, politika faizini -y\u00fczde 0,10 seviyesinden y\u00fczde 0,75 seviyesine kadar y\u00fckseltti. Japonya\u2019da enflasyon, yenin de\u011fer kayb\u0131na ba\u011fl\u0131 ithalat maliyetleri art\u0131\u015f ve enerji-g\u0131da fiyatlar\u0131ndaki yukar\u0131 y\u00f6nl\u00fc seyir dolay\u0131s\u0131yla son d\u00f6nemde h\u0131z kazand\u0131.<\/p>\n
Japonya\u2019da T\u00dcFE kas\u0131mda ayl\u0131k y\u00fczde 0,4, y\u0131ll\u0131k y\u00fczde 2,9 artarken \u00e7ekirdek T\u00dcFE ayn\u0131 d\u00f6nemde y\u0131ll\u0131k y\u00fczde 3,0 art\u0131\u015fla beklentiyi kar\u015f\u0131lam\u0131\u015ft\u0131.<\/p>\n
Michigan t\u00fcketici g\u00fcven endeksi, iki hafta \u00f6nce yay\u0131mlanan \u00f6nc\u00fc verilere g\u00f6re ocakta 52,9\u2019dan 54,0\u2019e y\u00fckseldi. Nihai veride de\u011fi\u015fiklik beklenmemektedir.<\/p>\n
– Yurt i\u00e7inde haftan\u0131n en \u00f6nemli geli\u015fmesi TCMB\u2019nin para politikas\u0131 toplant\u0131s\u0131 olacak. Ayr\u0131ca, hafta boyunca reel kesim g\u00fcven endeksi, t\u00fcketici g\u00fcven endeksi ve Hazine\u2019nin bor\u00e7 istatistikleri takip edilecek.<\/p>\n
Sal\u0131 g\u00fcn\u00fc yurt i\u00e7inde Hazine ve Maliye Bakanl\u0131\u011f\u0131 (HMB) aral\u0131k ay\u0131n\u0131n merkezi y\u00f6netim bor\u00e7 stoku istatistiklerini yay\u0131mlayacak. Ayr\u0131ca, T\u00dc\u0130K\u2019in a\u00e7\u0131klayaca\u011f\u0131 kas\u0131m Tar\u0131msal girdi fiyat endeksi (Tar\u0131m-GFE) ve aral\u0131k Yurt D\u0131\u015f\u0131 \u00dcretici Fiyat Endeksi (YD-\u00dcFE) verileri takip edilecek.<\/p>\n
HMB\u2019nin son verilerine g\u00f6re 30 Kas\u0131m 2025 itibar\u0131yla Merkezi y\u00f6netim bor\u00e7 stoku 13,33trln TL olarak ger\u00e7ekle\u015fti. Bor\u00e7 stokunun 6,28trln TL k\u0131sm\u0131 T\u00fcrk Liras\u0131, 7,05trln TL k\u0131sm\u0131 d\u00f6viz cinsi bor\u00e7lardan olu\u015ftu.<\/p>\n
T\u00dc\u0130K\u2019in son verilerine g\u00f6re Tar\u0131m-GFE ekimde ayl\u0131k y\u00fczde 2,04, bir \u00f6nceki aral\u0131k ay\u0131na g\u00f6re y\u00fczde 29,06, y\u0131ll\u0131k bazda ise y\u00fczde 33,66 artt\u0131. YD-\u00dcFE kas\u0131mda ayl\u0131k y\u00fczde 1,02, bir \u00f6nceki aral\u0131k ay\u0131na g\u00f6re y\u00fczde 30,01, y\u0131ll\u0131k bazda y\u00fczde 31,19 artm\u0131\u015ft\u0131.<\/p>\n
Per\u015fembe g\u00fcn\u00fc T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131\u2019n\u0131n (TCMB) Para Politikas\u0131 Kurulu (PPK) toplant\u0131s\u0131 ve TCMB\u2019nin a\u00e7\u0131klayaca\u011f\u0131 Reel Kesim G\u00fcven Endeksi (RKGE) takip edilecek.<\/p>\n
Yurt i\u00e7inde haftan\u0131n en \u00f6nemli geli\u015fmesi TCMB per\u015fembe g\u00fcn\u00fc ger\u00e7ekle\u015ftirece\u011fi, yeni y\u0131l\u0131n ilk Para Politikas\u0131 Kurulu (PPK) toplant\u0131s\u0131 olacak.<\/p>\n
T\u00dc\u0130K\u2019in son verilerine g\u00f6re, T\u00dcFE aral\u0131kta bir \u00f6nceki aya g\u00f6re y\u00fczde 0,89, bir \u00f6nceki y\u0131l\u0131n ayn\u0131 ay\u0131na g\u00f6re y\u00fczde 30,89 ile beklenenden daha az artm\u0131\u015ft\u0131. TCMB\u2019nin 7 Kas\u0131m\u2019da yay\u0131mlad\u0131\u011f\u0131 ge\u00e7en y\u0131l\u0131n son Enflasyon Raporu\u2019na (2025-IV) g\u00f6re Banka, enflasyonun y\u00fczde 70 olas\u0131l\u0131kla, 2025 sonunda y\u0131ll\u0131k y\u00fczde 31-33 aral\u0131\u011f\u0131nda ger\u00e7ekle\u015fece\u011fini tahmin ediyordu. 2026 y\u0131l sonunda ise y\u00fczde 13-19 aral\u0131\u011f\u0131nda ger\u00e7ekle\u015fece\u011fini tahmin etmektedir.<\/p>\n
Ge\u00e7en hafta cuma g\u00fcn\u00fc yay\u0131mlanan TCMB Piyasa Kat\u0131l\u0131mc\u0131lar\u0131 Anketine g\u00f6re kat\u0131l\u0131mc\u0131lar\u0131n 2026 sonu T\u00dcFE beklentisi y\u00fczde 23,23 oldu. 12 ayl\u0131k T\u00dcFE beklentisi y\u00fczde 23,35\u2019ten y\u00fczde 22,20\u2019ye, 24 ayl\u0131k T\u00dcFE beklentisi ise y\u00fczde 17,45\u2019ten y\u00fczde 16,94\u2019e geriledi. Kat\u0131l\u0131mc\u0131lar\u0131n ocak, \u015fubat ve mart aylar\u0131 i\u00e7in ayl\u0131k T\u00dcFE beklentileri s\u0131ras\u0131yla y\u00fczde 3,76, y\u00fczde 2,05 ve y\u00fczde 1,84 seviyelerinde olu\u015ftu.<\/p>\n
Aral\u0131k ay\u0131na ili\u015fkin TCMB \u0130ktisadi Y\u00f6nelim Anketi sonu\u00e7lar\u0131na g\u00f6re mevsimsellikten ar\u0131nd\u0131r\u0131lm\u0131\u015f Reel Kesim G\u00fcven Endeksi (RKGE-MA) ayl\u0131k 0,5 puan art\u0131\u015fla 103,7 seviyesinde ger\u00e7ekle\u015firken imalat sanayi genelinde mevsimsel etkilerden ar\u0131nd\u0131r\u0131lm\u0131\u015f Kapasite Kullan\u0131m Oran\u0131 (KKO-MA) ayl\u0131k 0,1 puan art\u0131\u015fla y\u00fczde 74,2 oldu.<\/p>\n
T\u00dc\u0130K haftan\u0131n son i\u015flem g\u00fcn\u00fc yurt i\u00e7inde ocak ay\u0131n\u0131n T\u00fcketici G\u00fcven Endeksi\u2019ni yay\u0131mlayacak. T\u00dc\u0130K ve TCMB i\u015f birli\u011fi ile y\u00fcr\u00fct\u00fclen t\u00fcketici e\u011filim anketi sonu\u00e7lar\u0131ndan hesaplanan endeks, kas\u0131mda 85,0 iken aral\u0131kta y\u00fczde 1,8 azalarak 83,5 olmu\u015ftu. Endeks, aral\u0131kta hazirandan beri en y\u00fcksek de\u011feri alm\u0131\u015ft\u0131.\u201d<\/p>\n
<\/strong> \u0130stanbul, 19 Ocak (Hibya) \u2013 Piramit Menkul K\u0131ymetler, yurt i\u00e7inde haftan\u0131n en \u00f6nemli geli\u015fmesinin TCMB\u2019nin para politikas\u0131 toplant\u0131s\u0131 olaca\u011f\u0131n\u0131 bildirdi. <\/p>\n","protected":false},"author":1,"featured_media":35086,"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-35085","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\/35085","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=35085"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/35085\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/35086"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=35085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=35085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=35085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"