Gedik Yat\u0131r\u0131m'\u0131n raporunda \u015fu ifadeler yer ald\u0131:<\/p>\n
''Do\u011fu\u2019da \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131lar\u0131n ard\u0131ndan t\u0131rmanan askeri gerilim k\u00fcresel piyasalarda sert bir riskten ka\u00e7\u0131\u015f dalgas\u0131 ba\u015flatt\u0131. Hisse senedi piyasalar\u0131 d\u00fc\u015f\u00fc\u015fe ge\u00e7erken enerji ve g\u00fcvenli liman varl\u0131klar\u0131 g\u00fc\u00e7l\u00fc y\u00fckseldi. \u00d6zellikle Brent petrol fiyat\u0131 g\u00fcn i\u00e7inde y\u00fczde 13\u2019e kadar s\u0131\u00e7ra yaparak Mart 2022\u2019den bu yana en sert hareketini yapt\u0131; daha sonra kazan\u00e7lar\u0131n\u0131n bir k\u0131sm\u0131n\u0131 geri verse de y\u00fczde 6\u2019n\u0131n \u00fczerinde art\u0131\u015fla 77 dolar civar\u0131nda dengelendi. H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n fiilen kapanma noktas\u0131na gelmesi ve tanker trafi\u011finin neredeyse durmas\u0131, k\u00fcresel petrol arz\u0131n\u0131n yakla\u015f\u0131k be\u015fte birinin risk alt\u0131na girmesi anlam\u0131na geliyor ve bu durum fiyatlamalar\u0131n ana belirleyicisi haline gelmi\u015f durumda.<\/p>\n
Hisse taraf\u0131nda Asya borsalar\u0131 ortalama y\u00fczde 1,5 gerilerken, ABD endeks vadeli kontratlar\u0131 da sert d\u00fc\u015f\u00fc\u015f sinyali verdi. S&P 500 vadeli i\u015flemleri yakla\u015f\u0131k y\u00fczde 1 a\u015fa\u011f\u0131da seyrederken Avrupa piyasalar\u0131n\u0131n da zay\u0131f a\u00e7\u0131lmas\u0131 bekleniyor. K\u00fcresel endeksler son \u00fc\u00e7 ayda g\u00fc\u00e7l\u00fc bir ralli ya\u015fam\u0131\u015ft\u0131; ancak zaten yapay zek\u00e2 harcamalar\u0131na y\u00f6nelik soru i\u015faretleri, kredi piyasas\u0131nda olu\u015fan stres ve y\u00fcksek de\u011ferlemeler nedeniyle k\u0131r\u0131lgan bir zemin olu\u015fmu\u015ftu. \u0130ran gerilimi bu k\u0131r\u0131lganl\u0131\u011f\u0131 tetikleyen kataliz\u00f6r oldu. \u00d6zellikle bankac\u0131l\u0131k ve teknoloji hisselerinde sat\u0131\u015f bask\u0131s\u0131 belirginle\u015firken, enerji ve savunma sekt\u00f6r\u00fc hisseleri pozitif ayr\u0131\u015ft\u0131.<\/p>\n
Tahvil piyasas\u0131nda ilk etapta g\u00fcvenli liman al\u0131mlar\u0131yla getiriler gerilese de petrol fiyatlar\u0131ndaki sert y\u00fckseli\u015fin enflasyon beklentilerini art\u0131rmas\u0131 nedeniyle y\u00f6n h\u0131zla de\u011fi\u015fti. Y\u00fcksek enerji fiyatlar\u0131n\u0131n enflasyonu yeniden yukar\u0131 \u00e7ekme ihtimali, merkez bankalar\u0131n\u0131n faiz indirim patikas\u0131n\u0131 geciktirebilece\u011fi endi\u015fesini g\u00fcndeme ta\u015f\u0131d\u0131. Bu nedenle tahvil getirileri g\u00fcn i\u00e7inde dalgal\u0131 bir seyir izledi. Piyasalar bir yandan g\u00fcvenli liman talebini, di\u011fer yandan enflasyon riskini ayn\u0131 anda fiyatlamak zorunda kald\u0131.<\/p>\n
G\u00fcvenli liman varl\u0131klar\u0131 ise net \u015fekilde talep g\u00f6rd\u00fc. Alt\u0131n ons fiyat\u0131 y\u00fczde 1\u2019in \u00fczerinde y\u00fckselerek 5.350 dolar civar\u0131na \u00e7\u0131kt\u0131 ve dolar endeksi de prim yapt\u0131. Yat\u0131r\u0131mc\u0131lar hem jeopolitik belirsizlik hem de enerji arz \u015foku ihtimali nedeniyle portf\u00f6ylerinde risk azalt\u0131m\u0131na gidiyor. \u00d6zellikle H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n uzun s\u00fcre kapal\u0131 kalmas\u0131 halinde petrol\u00fcn 100 dolar\u0131n \u00fczerine y\u00f6nelme riski dikkat \u00e7ekiyor; bu senaryonun ger\u00e7ekle\u015fmesi k\u00fcresel b\u00fcy\u00fcme ve enflasyon g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc ciddi \u015fekilde bozabilir. K\u0131sa vadede piyasalarda volatilitenin y\u00fcksek kalmas\u0131, haber ak\u0131\u015f\u0131na duyarl\u0131 sert fiyat hareketlerinin devam etmesi bekleniyor.<\/p>\n
Avrupa borsalar\u0131, Orta Do\u011fu\u2019daki gerilimin sert \u015fekilde t\u0131rmanmas\u0131 sonras\u0131 k\u00fcresel risk i\u015ftah\u0131n\u0131n bozulmas\u0131yla haftaya g\u00fc\u00e7l\u00fc sat\u0131\u015f bask\u0131s\u0131yla ba\u015flamaya haz\u0131rlan\u0131yor. ABD ve \u0130srail\u2019in \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131lar\u0131 ve H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n fiilen kapanmas\u0131 enerji fiyatlar\u0131n\u0131 y\u00fckseltirken, zaten d\u00fc\u015f\u00fck seyreden do\u011falgaz stoklar\u0131 nedeniyle Avrupa ekonomisi \u00fczerinde ek maliyet bask\u0131s\u0131 olu\u015fuyor. Yat\u0131r\u0131mc\u0131lar Almanya perakende sat\u0131\u015flar\u0131, \u0130talya b\u00fcy\u00fcme verileri ile b\u00f6lge genelindeki PMI rakamlar\u0131n\u0131 takip ederken, para piyasalar\u0131 Avrupa Merkez Bankas\u0131\u2019ndan y\u0131l sonuna kadar yaln\u0131zca yakla\u015f\u0131k y\u00fczde 30 faiz indirimi olas\u0131l\u0131\u011f\u0131 fiyatl\u0131yor.<\/p>\n
Hafta sonu ABD \u2013 \u0130srail \u2013 \u0130ran aras\u0131nda ba\u015flayan \u00e7at\u0131\u015fmalar\u0131n etkisiyle haftaya ba\u015fl\u0131yoruz. Kurda sakin seyirlerde haftaya ba\u015flan\u0131rken, d\u00fc\u015f\u00fck volatilitede yataya yak\u0131n seyirler bu sabah devam ediyor. TCMB hafta sonu ald\u0131\u011f\u0131 kararla, finansal piyasalarda ya\u015fanan geli\u015fmeleri dikkate alarak bir hafta vadeli repo ihalelerine bir s\u00fcreli\u011fine ara verildi\u011fini bildirdi. Ayr\u0131ca TCMB, d\u00f6viz piyasas\u0131n\u0131n sa\u011fl\u0131kl\u0131 \u00e7al\u0131\u015fmas\u0131, d\u00f6viz kurlar\u0131nda g\u00f6zlenebilecek oynakl\u0131klar\u0131n engellenmesi ve d\u00f6viz likiditesinin dengelenmesi amac\u0131yla TCMB nezdinde T\u00fcrk liras\u0131 uzla\u015fmal\u0131 vadeli d\u00f6viz sat\u0131m i\u015flemlerine ba\u015flanaca\u011f\u0131n\u0131 duyurdu. Jeopolitik geli\u015fmelerin yak\u0131ndan izlenece\u011fi haftada bug\u00fcn yurt i\u00e7inde b\u00fcy\u00fcme ve \u0130SO imalat PMI verileri a\u00e7\u0131klanacak. Dolar\/TL, bu sabah saat 08:00 itibariyle 43,97 civar\u0131nda haftaya sakin seyirlerde ba\u015flad\u0131. Euro, Orta Do\u011fu\u2019daki gerilimin t\u0131rmanmas\u0131 sonras\u0131 g\u00fcvenli liman talebiyle g\u00fc\u00e7lenen dolar kar\u015f\u0131s\u0131nda 1,17 dolar seviyesine gerileyerek \u00e7ok haftal\u0131k dipleri test etti.<\/p>\n
\u0130ran\u2019a y\u00f6nelik ABD ve \u0130srail sald\u0131r\u0131lar\u0131 ile H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n fiilen kapanmas\u0131 enerji fiyatlar\u0131n\u0131 y\u00fckseltti ve Avrupa\u2019n\u0131n artan do\u011falgaz maliyetleri euro \u00fczerinde ek bask\u0131 yaratt\u0131. Almanya\u2019da enflasyon beklentilerin alt\u0131nda kal\u0131rken Fransa ve \u0130spanya\u2019da h\u0131zlanmas\u0131, Avrupa Merkez Bankas\u0131\u2019n\u0131n faiz indirimi olas\u0131l\u0131\u011f\u0131n\u0131 s\u0131n\u0131rl\u0131 tutuyor ve piyasalar y\u0131l sonuna kadar yaln\u0131zca yakla\u015f\u0131k y\u00fczde 30 ihtimal fiyatl\u0131yor.
\nG\u00fcn i\u00e7i teknik seviyeler olarak; Destekler: 1,1700 \u2013 1,1659 \u2013 1,1602 Diren\u00e7ler: 1,1746 \u2013 1,1800 \u2013 1,1861<\/p>\n
Sterlin, Orta Do\u011fu\u2019daki gerilimin artmas\u0131yla g\u00fcvenli liman talebinin dolar\u0131 g\u00fc\u00e7lendirmesi sonucu 1,34 dolar seviyesine gerileyerek Ocak 2026\u2019dan bu yana en d\u00fc\u015f\u00fck seviyesini g\u00f6rd\u00fc. ABD ve \u0130srail\u2019in \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131lar\u0131 ve Tahran\u2019\u0131n misillemesi k\u00fcresel risk i\u015ftah\u0131n\u0131 azalt\u0131rken, \u0130ngiltere\u2019de \u0130\u015f\u00e7i Partisi\u2019nin Gorton and Denton\u2019daki s\u00fcrpriz yenilgisi siyasi belirsizli\u011fi art\u0131rarak para birimi \u00fczerinde ek bask\u0131 yaratt\u0131. Piyasalar \u015fimdi konut fiyatlar\u0131, t\u00fcketici kredileri, mortgage onaylar\u0131 ve PMI verileri gibi bu hafta a\u00e7\u0131klanacak makroekonomik g\u00f6stergelere odaklanm\u0131\u015f durumda. G\u00fcn i\u00e7i teknik seviyeler olarak; Destekler: 1,3359 \u2013 1,3311 \u2013 1,3272 Diren\u00e7ler: 1,3432 \u2013 1,3500 \u2013 1,3545<\/p>\n
Alt\u0131n, ABD ve \u0130srail\u2019in \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131lar\u0131 sonras\u0131 artan jeopolitik risklerle g\u00fcvenli liman talebinin g\u00fc\u00e7lenmesiyle ons ba\u015f\u0131na 5.370 dolar\u0131n \u00fczerine \u00e7\u0131karak bir ay\u0131n en y\u00fcksek seviyesine ula\u015ft\u0131. \u0130ran\u2019\u0131n b\u00f6lgedeki ABD \u00fcslerine misilleme yapmas\u0131 ve K\u00f6rfez\u2019de deniz trafi\u011finin aksamas\u0131, k\u00fcresel belirsizli\u011fi art\u0131rarak fiyatlar\u0131 destekledi. \u015eubat ay\u0131nda \u00fcst \u00fcste yedinci ayl\u0131k y\u00fckseli\u015fini kaydeden alt\u0131n, merkez bankas\u0131 al\u0131mlar\u0131 ve yat\u0131r\u0131mc\u0131lar\u0131n tahvil ile para birimlerinden \u00e7\u0131k\u0131\u015f\u0131 sayesinde g\u00fc\u00e7l\u00fc seyrini s\u00fcrd\u00fcr\u00fcyor. G\u00fcn i\u00e7i teknik seviyeler olarak; Destekler: 5.180 \u2013 4.980 \u2013 4.850 Diren\u00e7ler: 5.400 \u2013 5.590 \u2013 5.750<\/p>\n
G\u00fcm\u00fc\u015f, Orta Do\u011fu\u2019daki \u00e7at\u0131\u015fman\u0131n t\u0131rmanmas\u0131 sonras\u0131 g\u00fcvenli liman talebinin artmas\u0131yla 96,4 dolar seviyesine kadar y\u00fckselerek g\u00fcn i\u00e7inde y\u00fczde 2,8 prim yapt\u0131, ard\u0131ndan kazan\u00e7lar\u0131n\u0131n bir k\u0131sm\u0131n\u0131 geri verdi. ABD ve \u0130srail\u2019in \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131lar\u0131 ile H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019n\u0131n fiilen kapanmas\u0131 enerji arz\u0131na y\u00f6nelik endi\u015feleri art\u0131r\u0131rken, \u0130ran\u2019\u0131n b\u00f6lgedeki ABD varl\u0131klar\u0131na misillemesi jeopolitik riski derinle\u015ftirdi. ABD\u2019de \u00fcretici fiyatlar\u0131n\u0131n beklentilerin \u00fczerinde artmas\u0131 faiz indirimi s\u00fcrecini zorla\u015ft\u0131rsa da piyasalar y\u0131l i\u00e7inde iki adet 25 baz puanl\u0131k faiz indirimi ihtimalini fiyatlamaya devam ediyor. G\u00fcn i\u00e7i teknik seviyeler olarak; Destekler: 94,00 \u2013 92,10 \u2013 89,50 Diren\u00e7ler: 96,80 \u2013 99,45 \u2013 102,50<\/p>\n
Brent petrol, ABD ve \u0130srail\u2019in \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131lar\u0131 sonras\u0131 arz kesintisi endi\u015feleriyle y\u00fczde 7\u2019nin \u00fczerinde y\u00fckselerek varil ba\u015f\u0131na 78 dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131 ve g\u00fcn i\u00e7inde Ocak 2025\u2019ten bu yana en y\u00fcksek seviyeyi test etti. Piyasalar k\u00fcresel petrol sevkiyat\u0131n\u0131n yakla\u015f\u0131k be\u015fte birinin ge\u00e7ti\u011fi H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019na odaklan\u0131rken, \u0130ran\u2019\u0131n misilleme sald\u0131r\u0131lar\u0131 ve tanker rotalar\u0131n\u0131n de\u011fi\u015ftirilmesi risk alg\u0131s\u0131n\u0131 art\u0131rd\u0131. OPEC+ Nisan ay\u0131nda \u00fcretimi g\u00fcnl\u00fck 206 bin varil art\u0131rma karar\u0131 alsa da bu art\u0131\u015f, jeopolitik risklerin yaratt\u0131\u011f\u0131 arz endi\u015felerini dengelemek i\u00e7in s\u0131n\u0131rl\u0131 g\u00f6r\u00fcl\u00fcyor. G\u00fcn i\u00e7i teknik seviyeler olarak; Destekler: 79,25 \u2013 78,60 \u2013 78,00 Diren\u00e7ler: 79,90 \u2013 80,75 \u2013 81,00<\/p>\n
WTI petrol, ABD ve \u0130srail\u2019in \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131lar\u0131 sonras\u0131 artan jeopolitik gerilimle y\u00fczde 7\u2019nin \u00fczerinde y\u00fckselerek 72 dolar seviyesine \u00e7\u0131kt\u0131 ve sekiz ay\u0131n en y\u00fcksek d\u00fczeyini g\u00f6rd\u00fc. H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019nda olas\u0131 arz kesintileri endi\u015fesi ve \u0130ran\u2019\u0131n b\u00f6lgedeki ABD \u00fcslerine misillemesi risk primini art\u0131r\u0131rken, tanker \u015firketlerinin rotalar\u0131 de\u011fi\u015ftirmesi piyasadaki tedirginli\u011fi g\u00fc\u00e7lendirdi. OPEC+\u2019\u0131n Nisan ay\u0131nda \u00fcretimi g\u00fcnl\u00fck 206 bin varil art\u0131rma karar\u0131 ise daha \u00f6nce konu\u015fulan daha y\u00fcksek art\u0131\u015flar\u0131n alt\u0131nda kald\u0131\u011f\u0131 i\u00e7in arz endi\u015felerini s\u0131n\u0131rl\u0131 \u00f6l\u00e7\u00fcde dengeleyebildi. G\u00fcn i\u00e7i teknik seviyeler olarak; Destekler: 72,55 \u2013 72,00 \u2013 71,50
\nDiren\u00e7ler: 73,20 \u2013 73,75 \u2013 74,30<\/p>\n
Nasdaq vadeli i\u015flemleri, Orta Do\u011fu\u2019daki jeopolitik gerilimin t\u0131rmanmas\u0131yla risk i\u015ftah\u0131n\u0131n azalmas\u0131 sonucu d\u00fc\u015f\u00fc\u015f g\u00f6sterdi. \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131lar ve misillemeler, zaten yapay zek\u00e2 temal\u0131 sat\u0131\u015f bask\u0131s\u0131 alt\u0131nda olan teknoloji hisselerinde k\u0131r\u0131lganl\u0131\u011f\u0131 art\u0131rd\u0131. Ayr\u0131ca beklentilerin \u00fczerinde gelen ABD enflasyon verisi, Fed\u2019in faiz indirimi ihtimalini zay\u0131flatarak b\u00fcy\u00fcme odakl\u0131 Nasdaq \u015firketleri \u00fczerinde ek bask\u0131 olu\u015fturdu. G\u00fcn i\u00e7i teknik seviyeler olarak; Destekler: 24.470 \u2013 24.370 \u2013 24.300 Diren\u00e7ler: 24.610 \u2013 24.680 \u2013 24.750<\/p>\n
Dow Jones vadeli i\u015flemleri, Orta Do\u011fu\u2019daki \u00e7at\u0131\u015fman\u0131n t\u0131rmanmas\u0131yla artan k\u00fcresel riskten ka\u00e7\u0131\u015f dalgas\u0131 nedeniyle geriledi. Enerji fiyatlar\u0131ndaki sert y\u00fckseli\u015f ve H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019na ili\u015fkin arz endi\u015feleri, endekste yer alan sanayi ve \u00e7ok uluslu \u015firketler \u00fczerinde maliyet bask\u0131s\u0131 riskini art\u0131rd\u0131. Ayr\u0131ca beklentilerin \u00fczerinde gelen ABD enflasyon verisi, faiz indirimi beklentilerini zay\u0131flatarak Dow\u2019daki geleneksel ve d\u00f6ng\u00fcsel hisselerde temkinli seyri g\u00fc\u00e7lendirdi.
\nG\u00fcn i\u00e7i teknik seviyeler olarak; Destekler: 48.200 \u2013 48.140 \u2013 48.055 Diren\u00e7ler: 48.300 \u2013 48.400 \u2013 48.535''<\/p>\n
<\/strong> \u0130stanbul, 2 Mart (Hibya)-Gedik Yat\u0131r\u0131m, Do\u011fu\u2019da \u0130ran\u2019a y\u00f6nelik sald\u0131r\u0131lar\u0131n ard\u0131ndan t\u0131rmanan askeri gerilim k\u00fcresel piyasalarda sert bir riskten ka\u00e7\u0131\u015f dalgas\u0131 ba\u015flad\u0131\u011f\u0131n\u0131 aktard\u0131.<\/p>\n","protected":false},"author":1,"featured_media":54868,"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-54867","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\/54867","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=54867"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/54867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/54868"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=54867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=54867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=54867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"