Don't Miss the Latest Developments in the Markets: January 30 Analysis

Uncertainty Continues in Global Markets

In global markets, the earnings season and central bank uncertainties are affecting investors' decisions. Especially in the U.S., Apple’s (AAPL) earnings report, which came in above expectations, has created limited selling pressure despite a mixed outlook for the Magnificent Seven stocks.

Expectations for Fed Rate Cuts

Markets expect two rate cuts from the Fed within the year, while Trump's announcement of a new Fed Chairman candidate today is creating uncertainty on the monetary policy front. With Kevin Warsh’s name emerging, it is observed that the dollar is trending stronger globally.

Asia-Pacific and European Markets

In the Asia-Pacific region, data from Japan depict a complex picture. In December, industrial production showed a limited decline, while significant deterioration was seen in forward-looking expectations. On the other hand, weak company earnings in European bourses have led to selling, particularly in technology stocks. Economic slowdown and geopolitical developments have brought investors' risk appetite to a cautious point.

Pullbacks in Gold and Commodities

Following the noticeable increase in gold prices recently, profit-taking has led to a pullback. Today, gold reached levels of $5,600 per ounce before experiencing some corrections. The weak performance of the dollar and uncertainties regarding the U.S. fiscal outlook may help gold find support in the medium term.

BIST 100 Index and Bond Market

The BIST 100 index is attempting new peaks by rising above the level of 13,900. A general buying trend is observed with the support of foreign investors. Meanwhile, short-term interest rates showed a limited upward reaction following the CBRT's rate cuts, drawing the attention of investors.

Stocks with Strong Technical Outlook

Among the stocks in the BIST 100 index with strong technical indicators, Anadolu Grubu Holding (AGHOL) and Yapı Kredi Bankası (YKBNK) are on investors' radar. However, it should be noted that the information provided here does not constitute an investment advice.