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<\/div>\nK\u00fcresel piyasalar, ABD, Avrupa ve Japonya merkez bankalar\u0131n\u0131n para politikalar\u0131n\u0131n a\u00e7\u0131klanaca\u011f\u0131 haftaya temkinli ba\u015flad\u0131.<\/p>\n
Enflasyon ve resesyon ikilemindeki k\u00fcresel ekonomilerde belirsizlik, varl\u0131k fiyatlar\u0131 \u00fczerindeki etkisini s\u00fcrd\u00fcr\u00fcyor.<\/p>\n
ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) \u00e7ar\u015famba g\u00fcn\u00fc a\u00e7\u0131klayaca\u011f\u0131 para politikas\u0131 kararlar\u0131 ve Fed Ba\u015fkan\u0131 Jerome Powell\u2019\u0131n toplant\u0131 sonras\u0131 yapaca\u011f\u0131 s\u00f6zle y\u00f6nlendirmeler yat\u0131r\u0131mc\u0131lar\u0131n oda\u011f\u0131na yerle\u015firken, Banka\u2019n\u0131n \u201c\u015fahin\u201d ad\u0131mlar\u0131na bu toplant\u0131 itibar\u0131yla son verip vermeyece\u011fine ili\u015fkin soru i\u015faretleri varl\u0131\u011f\u0131n\u0131 koruyor.<\/p>\n
Para piyasalar\u0131ndaki fiyatlamalarda, Fed\u2019in politika faizini 25 baz puan art\u0131rmas\u0131na kesin g\u00f6z\u00fcyle bak\u0131l\u0131rken, 20 Eyl\u00fcl\u2019deki toplant\u0131da y\u00fczde 81 ihtimalle politika faizinin sabit b\u0131rak\u0131laca\u011f\u0131 \u00f6ng\u00f6r\u00fcl\u00fcyor.<\/p>\n
Analistler, ABD\u2019de enflasyondaki yava\u015flamaya kar\u015f\u0131n i\u015f g\u00fcc\u00fc piyasas\u0131ndan al\u0131nan sinyallerin fiyatlamalar\u0131 zorla\u015ft\u0131rd\u0131\u011f\u0131n\u0131 belirterek, buna kar\u015f\u0131n para politikas\u0131n\u0131n gecikmeli etkisi dikkate al\u0131nd\u0131\u011f\u0131nda Fed\u2019in ABD\u2019de resesyon riskini de g\u00f6z \u00f6n\u00fcnde bulundurarak faiz art\u0131\u015flar\u0131na bu toplant\u0131n\u0131n ard\u0131ndan son verebilece\u011fini s\u00f6yledi.<\/p>\n
\u00dclkede makroekonomik veri takviminin bu hafta yo\u011fun oldu\u011funa dikkati \u00e7eken analistler, s\u00f6z konusu verilerden ekonomik aktiviteye ili\u015fkin al\u0131nacak sinyallerin de piyasalar\u0131n y\u00f6n\u00fc \u00fczerinde etkili olabilece\u011fini kaydetti.<\/p>\n
\u00d6te yandan, ABD\u2019de devam eden 2. \u00e7eyrek bilan\u00e7o sezonu da devam ediyor.<\/p>\n
Analistler, bu hafta Microsoft, Alphabet, Meta, Visa, Exxon Mobil, Mastercard ve Coca Cola gibi b\u00fcy\u00fck \u015firketlerin finansal sonu\u00e7lar\u0131n\u0131 a\u00e7\u0131klayaca\u011f\u0131n\u0131 an\u0131msatt\u0131.<\/p>\n
\u015eimdiye kadar a\u00e7\u0131klanan finansal sonu\u00e7lar\u0131n, mart ay\u0131ndaki bankac\u0131l\u0131k krizinden sonra yat\u0131r\u0131mc\u0131lar\u0131n ABD t\u00fcketicisinin dayan\u0131kl\u0131l\u0131\u011f\u0131 ve finansal sistemin sa\u011fl\u0131\u011f\u0131na ili\u015fkin endi\u015felerini hafifletti\u011fini ifade eden analistler, bu hafta a\u00e7\u0131klanacak \u015firket bilan\u00e7olar\u0131na g\u00f6re hisse ve sekt\u00f6r bazl\u0131 oynakl\u0131\u011f\u0131n artabilece\u011fini s\u00f6yledi.<\/p>\n
S\u00f6z konusu geli\u015fmelerle alt\u0131n\u0131n ons fiyat\u0131 yeni haftaya y\u00fczde 0,1 azal\u0131\u015fla 1.960 dolar<\/a>dan ba\u015flarken, Brent petrol\u00fcn varil fiyat\u0131, \u015fu dakikalarda \u00f6nceki kapan\u0131\u015f\u0131n y\u00fczde 0,2 \u00fczerinde 80,8 dolar<\/a>dan i\u015flem g\u00f6r\u00fcyor.<\/p>\n Cuma g\u00fcn\u00fc New York borsas\u0131nda S&P 500 ve Dow Jones endeksi yatay seyrederken, Nasdaq endeksi y\u00fczde 0,22 d\u00fc\u015f\u00fc\u015f kaydetti. ABD\u2019de endeks vadeli kontratlar, yeni haftaya da kar\u0131\u015f\u0131k seyirle ba\u015flad\u0131.<\/p>\n Avrupa\u2019da da cuma g\u00fcn\u00fc kar\u0131\u015f\u0131k bir seyir \u00f6ne \u00e7\u0131karken, Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) per\u015fembe g\u00fcn\u00fc a\u00e7\u0131klayaca\u011f\u0131 para politikas\u0131 kararlar\u0131 yat\u0131r\u0131mc\u0131lar\u0131n oda\u011f\u0131na yerle\u015fti.<\/p>\n Avrupa\u2019da enflasyon bask\u0131s\u0131 ABD\u2019ye g\u00f6re daha g\u00fc\u00e7l\u00fc kalmay\u0131 s\u00fcrd\u00fcr\u00fcrken, para piyasalar\u0131ndaki fiyatlamalarda ECB\u2019nin bu ayki toplant\u0131da 25 baz puan faiz art\u0131rmas\u0131na kesin g\u00f6z\u00fcyle bak\u0131l\u0131yor. Banka\u2019n\u0131n y\u0131l sonuna kadar toplamda 50 baz puan faiz art\u0131r\u0131m\u0131 yapmas\u0131 bekleniyor.<\/p>\n Ge\u00e7en hafta a\u00e7\u0131klanan makroekonomik verilere g\u00f6re, \u0130ngiltere\u2019de T\u00fcketici Fiyat Endeksi (T\u00dcFE) haziranda y\u0131ll\u0131k y\u00fczde 7,9 art\u0131\u015fla beklentilerin alt\u0131nda ger\u00e7ekle\u015firken, Avro B\u00f6lgesi\u2019nde y\u0131ll\u0131k y\u00fczde 5,5 ile \u00f6ng\u00f6r\u00fcler do\u011frultusunda artt\u0131.<\/p>\n Analistler, Avro B\u00f6lgesi\u2019nde enflasyonun tahminlere paralel ger\u00e7ekle\u015fmesinden ziyade \u00e7ekirdek T\u00dcFE\u2019deki art\u0131\u015f\u0131n, b\u00f6lge genelinde enflasyonist ortam\u0131n uzun s\u00fcre etkisini g\u00f6sterece\u011fine i\u015faret etti\u011fini s\u00f6yledi.<\/p>\n Bu hafta ECB faiz karar\u0131n\u0131n yan\u0131 s\u0131ra b\u00f6lge genelinde a\u00e7\u0131klanacak imalat sanayi ve hizmet sekt\u00f6r\u00fc PMI verileri ile Almanya enflasyon verileri de yat\u0131r\u0131mc\u0131lar\u0131n oda\u011f\u0131nda olacak.<\/p>\n Cuma g\u00fcn\u00fc \u0130ngiltere\u2019de FTSE 100 endeksi y\u00fczde 0,23, Fransa\u2019da CAC 40 endeksi y\u00fczde 0,65 ve \u0130talya\u2019da MIB 30 endeksi 0,14 de\u011fer kazan\u0131rken, Almanya\u2019da DAX 40 endeksi y\u00fczde 0,17 azald\u0131. Avrupa\u2019da endeks vadeli kontratlar, yeni haftaya ise kar\u0131\u015f\u0131k bir seyirle ba\u015flad\u0131.<\/p>\n Asya\u2019da pay piyasalar\u0131, Japonya Merkez Bankas\u0131 (BoJ) faiz karar\u0131n\u0131n yat\u0131r\u0131mc\u0131lar\u0131n oda\u011f\u0131nda oldu\u011fu haftan\u0131n ilk g\u00fcn\u00fcne Hong Kong hari\u00e7 pozitif seyirle ba\u015flad\u0131.<\/p>\n Analistler, Japonya\u2019da haziranda y\u0131ll\u0131k enflasyonun y\u00fczde 3,3 ile BoJ\u2019un y\u00fczde 2 hedefinin \u00fczerinde oldu\u011funu belirterek, Banka\u2019n\u0131n para politikas\u0131nda de\u011fi\u015fikli\u011fe gitmesinin beklenmedi\u011fini ancak cuma g\u00fcn\u00fc ger\u00e7ekle\u015ftirilecek toplant\u0131da politikada ayarlamalar yapabilece\u011fine y\u00f6nelik spek\u00fclasyonlar\u0131n artt\u0131\u011f\u0131n\u0131 s\u00f6yledi.<\/p>\n Cuma g\u00fcn\u00fc BoJ yetkililerinin, a\u015f\u0131r\u0131 gev\u015fek para politikas\u0131n\u0131n yan etkilerini ele ald\u0131\u011f\u0131 bir raporda, acil bir ihtiyac\u0131n s\u00f6z konusu olmad\u0131\u011f\u0131 d\u00fc\u015f\u00fcncesi vurguland\u0131.<\/p>\n \u00d6te yandan, \u00c7in h\u00fck\u00fcmeti yetkililerinin uzun bir aran\u0131n ard\u0131ndan uluslararas\u0131 yat\u0131r\u0131mc\u0131larla bulu\u015ftu\u011funa y\u00f6nelik haber ak\u0131\u015f\u0131, ekonomik aktiviteye ili\u015fkin endi\u015feleri s\u0131n\u0131rl\u0131 da olsa t\u00f6rp\u00fcl\u00fcyor.<\/p>\n Bug\u00fcn Japonya\u2019da a\u00e7\u0131klanan verilere g\u00f6re, temmuzda hizmet sekt\u00f6r\u00fc Sat\u0131nalma Y\u00f6neticileri Endeksi (PMI) 53,9 ve imalat sanayi PMI 49,4 ile beklentilerin alt\u0131nda kald\u0131.<\/p>\n Kapan\u0131\u015fa yak\u0131n Japonya\u2019da Nikkei 225 endeksi y\u00fczde 1,2 ve G\u00fcney Kore\u2019de Kospi endeksi y\u00fczde 0,6 artarken, \u00c7in\u2019de \u015eanghay bile\u015fik endeksi y\u00fczde 0,1 ve Hong Kong\u2019da Hang Seng endeksi y\u00fczde 1,7 azal\u0131\u015f kaydetti.<\/p>\n Yurt i\u00e7inde cuma g\u00fcn\u00fc dalgal\u0131 bir seyir izleyen Borsa \u0130stanbul\u2019da BIST 100 endeksi, g\u00fcn\u00fc y\u00fczde 0,08 art\u0131\u015fla 6.687,78 puandan tamamlayarak t\u00fcm zamanlar\u0131n en y\u00fcksek g\u00fcnl\u00fck ve haftal\u0131k kapan\u0131\u015f\u0131n\u0131 ger\u00e7ekle\u015ftirirken, g\u00f6rd\u00fc\u011f\u00fc en y\u00fcksek seviye rekorunu 6.724,42 puana ta\u015f\u0131d\u0131.<\/p>\n