"Things That Should Be on the Market Agenda on November 6"

Market Agenda

In global markets, the record duration of the US government shutdown is attracting the attention of investors. The shutdown period has reached the 36th day, and the Congressional Budget Office estimates that this situation could reduce economic growth in the 4th quarter by between 1 and 2 points. However, it is worth noting that this loss may be permanent and could lead to a damage of approximately 7-14 billion dollars.

Labor Market Data

Due to the government's continued closure, non-farm payroll data remains uncertain, while the ADP report recorded an increase of 42,000 in private sector employment. This could be a sign of a limited recovery in the labor market.

Commodities Market Observations

Gold prices showed a slight increase despite strong US data, driven by the dollar's depreciation and uncertainties stemming from the government shutdown. Spot gold prices rose to 3,986 dollars, while December futures contracts increased to 3,994 dollars. Additionally, the extra tariffs imposed by the US on China and geopolitical risks are enhancing safe-haven demand.

Impact on US Markets

US index futures are showing a sideways movement following yesterday's positive close. A similar recovery is observed in the Asia-Pacific markets. However, uncertainties from the UK are creating significant pressure in Europe. Today’s interest rate decision by the Bank of England is critical in this regard.

BIST 100 Performance

Yesterday, the BIST 100 index opened at 10,928, tested the 11,000 point level, and closed the day at 10,970 points with a 0.52% increase. The index's value in dollar terms was processed at 261.17. If the index maintains levels above 11,000 points, the target could be 11,160 points, while 10,800 points stand out as an important support zone.

Investors' View on Inflation Report

Domestically, investors are focused on the inflation report to be released tomorrow. The annual inflation for October has decreased to 32.9%. Updates in the inflation report will be carefully monitored in terms of year-end forecasts.

Reporting Season and Its Effects on Stocks

As the 3rd quarter reporting season approaches its end, stock pricing is largely dependent on company-specific developments. Among yesterday's earnings announcements, companies such as AEFES, MPARK, PATEK, and SOKM stood out with limited positive results. Today, the results of important companies such as AKENR, KCHOL, KOTON, MGROS, and TCELL are awaited by investors.

According to technical analysis, price movements in certain stocks within the BIST 100 index are being closely monitored. This information does not constitute investment advice.