Critical Developments and Investment Opportunities at Market Opening

Critical Developments at Market Opening

Pricing behaviors in global markets are significantly influenced by Europe’s reactions to the US's pursuit of control over Greenland. Donald Trump's new threats of tariffs against European allies have raised expectations that there could be selling pressure on US assets. This development has resulted in sharp sell-offs in the stock and bond markets.

Declines in Nasdaq and S&P 500

Due to the risk-off trend, declines in the Nasdaq and S&P 500 have exceeded 2%, falling to a new low after the losses experienced in March. Asian markets are signaling a recovery as the selling pressure on Japanese bonds diminishes, while European indices plan to start the day cautiously.

Investors' Focus

Investors are fixated on US housing data, Treasury bond auctions, and the messages Trump will deliver in Davos. The increase in geopolitical uncertainties and discussions regarding the Fed's independence have heightened the search for safe havens, leading to gold and silver prices remaining at record levels.

Oil and Bond Markets

Oil prices are declining due to developments on the supply side, while some of the geopolitical risk premium is being withdrawn from prices. In the global bond market, selling pressure continues in Japan and the US; the increase in debt ratios is stirring the markets with investors looking for higher returns.

BIST 100 Index Status

Domestically, the BIST 100 index closed near the record level of 12,914, despite showing a volatile course. While trading volume remains high, brokerage firm shares are standing out, whereas the metal sector has performed weakly. In the short term, levels above 12,900 are being watched as resistance, while the 12,700 band is being carefully monitored for potential selling pressure.

Currency and Interest Rate Markets

In the currency front, despite the global weakness of the dollar, the dollar/TL is showing an upward trend. The rise in the euro/dollar parity has a limited impact on the domestic market. In the coming days, the TCMB's interest rate decision and the assessments of credit rating agencies will be decisive for domestic asset pricing.

Critical Stocks

In the BIST 100 index, stocks that are above the 9, 21, 50, and 200-day exponential moving averages, have a MACD above 0, and an RSI indicator below 60 are attracting investors' attention. Particularly, Yapı ve Kredi Bankası (YKBNK) stands out among the highlighted stocks in this context.