Orta Do\u011fu’daki sava\u015f\u0131n ekonomiler \u00fczerindeki belirginle\u015fen etkileri, merkez bankalar\u0131n\u0131 beklenenden daha s\u0131k\u0131 para politikas\u0131 duru\u015fu benimsemeye y\u00f6nlendiriyor.<\/p>\n
Sava\u015f\u0131n \u00f6zellikle enerji fiyatlar\u0131 \u00fczerinden yaratt\u0131\u011f\u0131 maliyet bask\u0131lar\u0131n\u0131n ge\u00e7ici olmayabilece\u011fine i\u015faret eden sinyaller makroekonomik verilerde keskinle\u015firken, bu hafta ABD’de a\u00e7\u0131klanacak Fed’in yak\u0131ndan takip etti\u011fi ki\u015fisel t\u00fcketim harcamalar\u0131 (PCE) fiyat endeksi ile ilk \u00e7eyre\u011fe ili\u015fkin nihai b\u00fcy\u00fcme verileri piyasalar a\u00e7\u0131s\u0131ndan kritik \u00f6nem ta\u015f\u0131yor.<\/p>\n
Para piyasalar\u0131ndaki fiyatlamalarda, Fed’in y\u0131l sonuna kadar 2 faiz art\u0131r\u0131m\u0131 yapabilece\u011fi beklentileri g\u00fc\u00e7lendi. Analistler, yar\u0131n a\u00e7\u0131klanacak b\u00fcy\u00fcme verileri ile ki\u015fisel t\u00fcketim harcamalar\u0131n\u0131n Fed’e ili\u015fkin \u00f6ng\u00f6r\u00fclerin \u015fekillenmesinde etkili olabilece\u011fini kaydetti.<\/p>\n
\u00d6te yandan H\u00fcrm\u00fcz Bo\u011faz\u0131’ndaki kontroll\u00fc normalle\u015fme \u00e7abalar\u0131 petrol arz\u0131na y\u00f6nelik endi\u015feleri t\u00f6rp\u00fcledi. Brent petrol\u00fcn varil fiyat\u0131 d\u00fcn y\u00fczde 1,4 d\u00fc\u015f\u00fc\u015fle 76,6 dolara geriledi. Brent petrol\u00fcn varili yeni g\u00fcnde de kay\u0131plar\u0131n\u0131 s\u00fcrd\u00fcrerek y\u00fczde 0,5 azal\u0131\u015fla 76,3 dolara indi ve 2 Mart’tan bu yana en d\u00fc\u015f\u00fck seviyesini g\u00f6rd\u00fc.<\/p>\n
Orta Do\u011fu’ya ili\u015fkin geli\u015fmeler de yak\u0131ndan takip edilirken, ABD Senatosu, \u0130ran’a kar\u015f\u0131 askeri harekat\u0131 engellemeyi ama\u00e7layan sava\u015f yetkileri tasar\u0131s\u0131n\u0131 onaylad\u0131. Senatonun eylemi, Ba\u015fkan Donald Trump’\u0131n \u0130ran konusunda kendi ba\u015f\u0131na ald\u0131\u011f\u0131 sava\u015f karar\u0131na tepki olarak de\u011ferlendiriliyor. S\u00f6z konusu geli\u015fmenin b\u00f6lgedeki gerilimi azaltabilece\u011fi beklentisi piyasalarda sat\u0131\u015f bask\u0131s\u0131n\u0131n hafiflemesini destekledi.<\/p>\n
Bu geli\u015fmelere ek olarak ABD Ba\u015fkan\u0131 Trump ise \u0130ran taraf\u0131n\u0131n n\u00fckleer program\u0131na yap\u0131lacak \u00fcst d\u00fczey denetlemelere “tam ve eksiksiz raz\u0131 oldu\u011funu” vurgulad\u0131. \u0130ran taraf\u0131n\u0131n buna raz\u0131 olmad\u0131\u011f\u0131 bir senaryoda m\u00fczakerelerin bitmi\u015f olaca\u011f\u0131n\u0131 belirten Trump, “\u0130ran’\u0131n verdi\u011fi bu ve di\u011fer \u00f6nemli tavizlere dayanarak H\u00fcrm\u00fcz Bo\u011faz\u0131’n\u0131n a\u00e7\u0131k kalmas\u0131na ve deniz ablukas\u0131n\u0131n art\u0131k uygulanmamas\u0131na izin vermeyi kabul ettim.” ifadelerini kulland\u0131.<\/p>\n
Makroekonomik veri taraf\u0131nda da ABD’de imalat sanayi Sat\u0131nalma Y\u00f6neticileri Endeksi (PMI) haziranda 55,7 ile 49 ay\u0131n en y\u00fcksek seviyesine \u00e7\u0131karak piyasa beklentilerinin \u00fczerinde ger\u00e7ekle\u015fti. Hizmet sekt\u00f6r\u00fc PMI haziranda 51,3 ile 4 ay\u0131n, imalat ve hizmet sekt\u00f6rlerini kapsayan bile\u015fik PMI da 52,2 ile 5 ay\u0131n en y\u00fcksek seviyesini kaydetti.<\/p>\n
\u00d6te yandan kurumsal tarafta, \u00e7ip \u00fcreticisi Micron’un bug\u00fcn a\u00e7\u0131klayaca\u011f\u0131 finansal sonu\u00e7lar yat\u0131r\u0131mc\u0131larca yak\u0131ndan izleniyor. \u015eirketin finansal sonu\u00e7lar\u0131n\u0131n, yapay zeka ve teknoloji yat\u0131r\u0131mlar\u0131n\u0131n gelir taraf\u0131na ne \u00f6l\u00e7\u00fcde yans\u0131d\u0131\u011f\u0131na ili\u015fkin soru i\u015faretlerine \u0131\u015f\u0131k tutmas\u0131 bekleniyor.<\/p>\n
Bu geli\u015fmelerle ABD’nin 10 y\u0131ll\u0131k tahvil faizi y\u00fczde 4,49’da yatay seyrederken, dolar endeksi g\u00fc\u00e7l\u00fc duru\u015funu s\u00fcrd\u00fcrerek 101,5 seviyesine \u00e7\u0131kt\u0131 ve b\u00f6ylece 13 May\u0131s 2025’ten bu yana en y\u00fcksek seviyesini test etti.<\/p>\n
Fed’e y\u00f6nelik faiz art\u0131r\u0131m\u0131 \u00f6ng\u00f6r\u00fclerinin artmas\u0131, dolar\u0131n g\u00fc\u00e7lenmesi ve yapay zeka hisselerindeki d\u00fc\u015f\u00fc\u015flerin teminat ihtiyac\u0131 olu\u015fturmas\u0131 alt\u0131n\u0131n ons fiyat\u0131n\u0131 bask\u0131lamaya devam ediyor. Alt\u0131n\u0131n onsu y\u00fczde 1,1 de\u011fer kayb\u0131yla 4 bin 66 dolara inerek son 7 ay\u0131n en d\u00fc\u015f\u00fck seviyelerine yakla\u015ft\u0131.<\/p>\n
\u00d6te yandan SpaceX’in \u00f6nceki g\u00fcn ilk teminats\u0131z k\u0131demli tahvil sat\u0131\u015f\u0131n\u0131 duyurmas\u0131 da yapay zeka ve teknoloji \u015firketlerinde bor\u00e7lanma ve nakit ihtiyac\u0131 bask\u0131s\u0131n\u0131n olu\u015fabilece\u011fine y\u00f6nelik soru i\u015faretlerini art\u0131rd\u0131. \u00d6nceki g\u00fcn y\u00fczde 16 azal\u0131\u015fla en k\u00f6t\u00fc g\u00fcnl\u00fck performans\u0131n\u0131 kaydeden \u015firketin hisseleri, d\u00fcn ise y\u00fczde 1 y\u00fckseldi.<\/p>\n
Alphabet’in hisseleri y\u00fczde 1, Nvidia’n\u0131n hisseleri y\u00fczde 4, Advanced Micro Devices ile Intel’in hisseleri y\u00fczde 6, Marvell Technology’nin hisseleri y\u00fczde 9 ve Micron Technology’nin hisseleri y\u00fczde 13 de\u011fer kaybetti.<\/p>\n
S\u00f6z konusu geli\u015fmelerle S&P 500 endeksi y\u00fczde 1,44, Nasdaq endeksi y\u00fczde 2,22 ve Dow Jones endeksi y\u00fczde 0,09 d\u00fc\u015ft\u00fc. ABD’de endeks vadeli kontratlar g\u00fcne kar\u0131\u015f\u0131k ba\u015flad\u0131.<\/p>\n
Avrupa borsalar\u0131 mevcut geli\u015fmelerin yan\u0131 s\u0131ra ekonomik aktivitede yava\u015flama sinyalleriyle olu\u015fan resesyon endi\u015feleri nedeniyle negatif seyretti.<\/p>\n
S&P Global taraf\u0131ndan a\u00e7\u0131klanan \u00f6nc\u00fc verilere g\u00f6re, Almanya’da imalat ve hizmet sekt\u00f6rlerini kapsayan bile\u015fik Sat\u0131nalma Y\u00f6neticileri Endeksi (PMI), haziranda 0,8 puan azalarak 48 puana d\u00fc\u015ft\u00fc. Aral\u0131k 2024’ten bu yana en d\u00fc\u015f\u00fck seviyesine gerileyen ve b\u00fcy\u00fcme e\u015fi\u011fi olan 50 puan\u0131n alt\u0131nda kalan veri, Alman ekonomisindeki daralman\u0131n s\u00fcrd\u00fc\u011f\u00fcne i\u015faret etti.<\/p>\n
Avro B\u00f6lgesi’nin haziran ay\u0131na ili\u015fkin PMI verileri de benzer bir tablo sundu. B\u00f6lgede may\u0131s ay\u0131nda 51,6 olan imalat sanayi PMI, haziranda 51,3 seviyesine indi. B\u00f6ylece imalat sanayi PMI son 4 ay\u0131n en d\u00fc\u015f\u00fck seviyesine geriledi. May\u0131sta 48,5 olan Avro B\u00f6lgesi bile\u015fik PMI ise haziranda 49,5’e \u00e7\u0131kt\u0131 ve son 3 ay\u0131n en y\u00fcksek seviyesini g\u00f6rd\u00fc.<\/p>\n
\u00d6te yandan b\u00f6lgede jeopolitik geli\u015fmeler de izleniyor. Rusya D\u0131\u015fi\u015fleri Bakan\u0131 Sergey Lavrov, Ukrayna ile m\u00fczakereleri kald\u0131klar\u0131 yerden s\u00fcrd\u00fcrmeye haz\u0131r olduklar\u0131n\u0131 belirterek, “Meselenin siyasi diplomatik ara\u00e7larla \u00e7\u00f6z\u00fclmesini tercih ediyoruz.” dedi.<\/p>\n
Bu geli\u015fme b\u00f6lgede jeopolitik tansiyonun bir nebze azalabilece\u011fine y\u00f6nelik iyimserlik olu\u015fturdu.<\/p>\n
Bu geli\u015fmelerle \u0130ngiltere’de FTSE 100 endeksi y\u00fczde 0,09, Almanya’da DAX 40 endeksi y\u00fczde 0,98, Fransa’da CAC 40 endeksi y\u00fczde 0,71 ve \u0130talya’da FTSE MIB 30 endeksi y\u00fczde 1,46 geriledi. Avrupa’da endeks vadeli kontratlar g\u00fcne negatif seyirle ba\u015flad\u0131.<\/p>\n
ABD ve Avrupa taraf\u0131ndaki sat\u0131\u015f bask\u0131s\u0131n\u0131n yeni g\u00fcnde Asya taraf\u0131nda yat\u0131\u015ft\u0131\u011f\u0131 g\u00f6r\u00fcl\u00fcrken, G\u00fcney Kore’de Kospi endeksindeki toparlanma dikkati \u00e7ekti.<\/p>\n
H\u00fcrm\u00fcz Bo\u011faz\u0131’ndan ge\u00e7en tanker trafi\u011finin kademeli olarak normale d\u00f6nd\u00fc\u011f\u00fcne dair i\u015faretler b\u00f6lge piyasalar\u0131ndaki risk i\u015ftah\u0131n\u0131n toparlanmas\u0131na katk\u0131 verdi.<\/p>\n
\u00d6te yandan Japonya Merkez Bankas\u0131n\u0131n (BoJ) son para politikas\u0131 toplant\u0131s\u0131n\u0131n tutanaklar\u0131 yay\u0131mland\u0131. Tutanaklarda \u00fcyelerin bir k\u0131sm\u0131n\u0131n merkez bankas\u0131n\u0131n daha fazla faiz art\u0131r\u0131m\u0131 yap\u0131lmas\u0131 y\u00f6n\u00fcnde g\u00f6r\u00fc\u015f bildirdi\u011fi ortaya konuldu.<\/p>\n
S\u00f6z konusu geli\u015fmelerle kapan\u0131\u015fa yak\u0131n Japonya’da Nikkei 225 endeksi y\u00fczde 0,6 d\u00fc\u015ferken, \u00c7in’de \u015eanghay bile\u015fik endeksi ve Hong Kong’da Hang Seng endeksi yatay seyretti. G\u00fcney Kore’de Kospi endeksi ise y\u00fczde 3,1 y\u00fckseldi.<\/p>\n
D\u00fcn sat\u0131\u015f a\u011f\u0131rl\u0131kl\u0131 bir seyir izleyen Borsa \u0130stanbul’da BIST 100 endeksi g\u00fcn\u00fc y\u00fczde 1,29 de\u011fer kaybederek 14.539,61 puandan tamamlad\u0131.<\/p>\n
Borsa \u0130stanbul Vadeli \u0130\u015flem ve Opsiyon Piyasas\u0131’nda (V\u0130OP) BIST 30 endeksine dayal\u0131 haziran vadeli kontrat ise d\u00fcn ak\u015fam seans\u0131nda normal seans kapan\u0131\u015f\u0131na g\u00f6re yatay seyretti.<\/p>\n
Dolar\/TL d\u00fcn\u00fc 46,4700’dan tamamlarken, bug\u00fcn bankalararas\u0131 piyasan\u0131n a\u00e7\u0131l\u0131\u015f\u0131nda \u00f6nceki kapan\u0131\u015f\u0131n y\u00fczde 0,1 \u00fczerinde 46,4930’dan i\u015flem g\u00f6r\u00fcyor.<\/p>\n
Analistler, bug\u00fcn yurt i\u00e7inde veri g\u00fcndeminin sakin olaca\u011f\u0131n\u0131, yurt d\u0131\u015f\u0131nda ise Almanya’da Ifo i\u015f d\u00fcnyas\u0131 g\u00fcven endeksi, ABD’de haftal\u0131k mortgage ba\u015fvurular\u0131, cari i\u015flemler dengesi ve yeni konut sat\u0131\u015flar\u0131n\u0131n takip edilece\u011fini belirterek, teknik a\u00e7\u0131dan BIST 100 endeksinde 14.400 ve 14.300 puan\u0131n destek, 14.700 ve 14.800 puan\u0131n diren\u00e7 konumunda oldu\u011funu kaydetti.<\/p>\n
Piyasalarda bug\u00fcn takip edilecek veriler \u015f\u00f6yle:<\/p>\n
11.00 Almanya, haziran ay\u0131 Ifo i\u015f d\u00fcnyas\u0131 g\u00fcven endeksi<\/p>\n
14.00 ABD, haftal\u0131k mortgage ba\u015fvurular\u0131<\/p>\n
15.30 ABD, 1. \u00e7eyrek cari i\u015flemler dengesi<\/p>\n
15.30 ABD, may\u0131s ay\u0131 in\u015faat izinleri<\/p>\n
17.00 ABD, may\u0131s ay\u0131 yeni konut sat\u0131\u015flar\u0131<\/p>\n","protected":false},"excerpt":{"rendered":"
K\u00fcresel piyasalarda, ABD Merkez Bankas\u0131n\u0131n (Fed) fiyat istikrar\u0131n\u0131 sa\u011flamak amac\u0131yla y\u0131l sonuna kadar agresif bir s\u0131k\u0131la\u015fma s\u00fcrecine y\u00f6nelebilece\u011fine ili\u015fkin endi\u015felerin neden oldu\u011fu sat\u0131\u015f bask\u0131s\u0131n\u0131n hafiflemesiyle y\u00f6n aray\u0131\u015f\u0131 \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":6,"featured_media":33258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[488,5065],"class_list":["post-33257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-fed","tag-kuresel-piyasalar"],"yoast_head":"\n