{"id":29876,"date":"2026-03-09T10:58:55","date_gmt":"2026-03-09T10:58:55","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/almanyanin-yillik-sanayi-uretimi-is-gunu-etkisinden-arindirilmis-bazda-onceki-06lik-dususten-daha-kotuleserek-12-geriledi\/"},"modified":"2026-03-09T10:58:55","modified_gmt":"2026-03-09T10:58:55","slug":"almanyanin-yillik-sanayi-uretimi-is-gunu-etkisinden-arindirilmis-bazda-onceki-06lik-dususten-daha-kotuleserek-12-geriledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/almanyanin-yillik-sanayi-uretimi-is-gunu-etkisinden-arindirilmis-bazda-onceki-06lik-dususten-daha-kotuleserek-12-geriledi\/","title":{"rendered":"Almanya\u2019n\u0131n y\u0131ll\u0131k sanayi \u00fcretimi, i\u015f g\u00fcn\u00fc etkisinden ar\u0131nd\u0131r\u0131lm\u0131\u015f bazda \u00f6nceki %0,6\u2019l\u0131k d\u00fc\u015f\u00fc\u015ften daha k\u00f6t\u00fcle\u015ferek %1,2 geriledi"},"content":{"rendered":"Almanya\u2019n\u0131n sanayi \u00fcretimi Ocak ay\u0131nda, mevsim etkilerinden ar\u0131nd\u0131r\u0131lmam\u0131\u015f ve i\u015f g\u00fcn\u00fc etkisine g\u00f6re d\u00fczeltilmi\u015f verilere g\u00f6re, ge\u00e7en y\u0131l\u0131n ayn\u0131 ay\u0131na k\u0131yasla %1,2 geriledi.\n\nBu, \u00f6nceki d\u00f6nemdeki y\u0131ll\u0131k bazda %0,6\u2019l\u0131k d\u00fc\u015f\u00fc\u015fle kar\u015f\u0131la\u015ft\u0131r\u0131ld\u0131\u011f\u0131nda, son veride gerilemenin h\u0131zland\u0131\u011f\u0131n\u0131 g\u00f6steriyor.\n\n

Daha Temkinli Pozisyon Alma<\/h3>\nAlmanya\u2019da sanayi \u00fcretimindeki d\u00fc\u015f\u00fc\u015f h\u0131zlan\u0131yor; bu da Avrupa\u2019n\u0131n en b\u00fcy\u00fck ekonomisinde zay\u0131fl\u0131\u011f\u0131n derinle\u015fti\u011fine i\u015faret ediyor. Y\u0131ll\u0131k d\u00fc\u015f\u00fc\u015f\u00fcn -%0,6\u2019dan -%1,2\u2019ye bozulmas\u0131, daha temkinli bir duru\u015fa ge\u00e7ilmesi gerekti\u011fini d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor. Bu tablo, Alman ekonomisinin omurgas\u0131n\u0131 olu\u015fturan \u015firketlerin zorland\u0131\u011f\u0131n\u0131 g\u00f6steriyor.\n\nBu nedenle Alman hisse senetlerinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc riske kar\u015f\u0131 koruma d\u00fc\u015f\u00fcn\u00fclmeli. DAX endeksi \u00f6zellikle hassas; \u00e7\u00fcnk\u00fc endekste sanayi ve imalat devlerinin a\u011f\u0131rl\u0131\u011f\u0131 y\u00fcksek. DAX vadeli kontratlar\u0131nda (gelecekte belirli bir fiyattan al\u0131m-sat\u0131m taahh\u00fcd\u00fc veren borsa s\u00f6zle\u015fmesi) k\u0131sa pozisyon a\u00e7mak ya da sat\u0131m opsiyonu (put: fiyat d\u00fc\u015ferse de\u011fer kazanan ve zarar riskini s\u0131n\u0131rlayan hak) almak, \u00f6n\u00fcm\u00fczdeki haftalarda olas\u0131 ek d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 koruma sa\u011flayabilir.\n\nBu g\u00f6r\u00fc\u015f, \u015eubat ay\u0131 imalat PMI verisiyle (Sat\u0131n Alma Y\u00f6neticileri Endeksi: firmalar\u0131n yeni sipari\u015f, \u00fcretim ve istihdam e\u011filimlerini \u00f6l\u00e7en anket g\u00f6stergesi) de destekleniyor. PMI, daralmaya i\u015faret eden 45,2 seviyesinde ger\u00e7ekle\u015fti. Bu da olumsuz seyrin yaln\u0131zca Ocak\u2019a \u00f6zg\u00fc olmad\u0131\u011f\u0131n\u0131, s\u00fcrd\u00fc\u011f\u00fcn\u00fc g\u00f6steriyor. Yeni sipari\u015fler zay\u0131f, sekt\u00f6r genelinde g\u00fcven d\u00fc\u015f\u00fck.\n\nAlmanya\u2019daki zay\u0131fl\u0131k, ortak para birimi \u00fczerinde bask\u0131 yaratabilir. Almanya\u2019daki yava\u015flama Euro B\u00f6lgesi\u2019nin tamam\u0131n\u0131 a\u015fa\u011f\u0131 \u00e7eker; bu da Euro i\u00e7in olumsuz bir g\u00f6r\u00fcn\u00fcm olu\u015fturur. Bu nedenle EUR\/USD paritesinde (Euro\/Dolar kur \u00e7ifti) zay\u0131fl\u0131\u011f\u0131n s\u00fcrmesi beklenebilir.\n\nKal\u0131c\u0131 y\u00fcksek enerji maliyetleri temel etkenlerden biri. Avrupa do\u011fal gaz vadeli kontratlar\u0131 h\u00e2l\u00e2 2024 \u00f6ncesi ortalamalar\u0131n\u0131n %30\u2019dan fazla \u00fczerinde i\u015flem g\u00f6r\u00fcyor. Bu durum, enerji yo\u011fun sekt\u00f6rlerin k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 s\u0131k\u0131\u015ft\u0131r\u0131yor ve \u00fcretimi do\u011frudan a\u015fa\u011f\u0131 \u00e7ekiyor. Bu yap\u0131sal sorunda k\u0131sa vadede net bir \u00e7\u00f6z\u00fcm i\u015fareti yok.\n\n

Faiz ve Tahvil Etkileri<\/h3>\nZay\u0131f veri ak\u0131\u015f\u0131, Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) faiz art\u0131rma ihtimalini azalt\u0131yor. Faiz piyasalar\u0131 (faiz beklentilerinin fiyatland\u0131\u011f\u0131 vadeli\/swap i\u015flemleri) y\u0131l ortas\u0131na kadar ECB\u2019nin faiz art\u0131rma olas\u0131l\u0131\u011f\u0131n\u0131 %10\u2019un alt\u0131nda fiyatl\u0131yor. Bu ortam, g\u00fcvenli liman talebinden ve daha \u201cg\u00fcvercin\u201d (faiz art\u0131\u015f\u0131na mesafeli) merkez bankas\u0131 \u00e7izgisinden faydalanan Alman devlet tahvili vadeli kontratlar\u0131nda uzun pozisyonu destekleyebilir.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

Alarm zilleri: Almanya sanayi \u00fcretimi Ocak\u2019ta y\u0131ll\u0131k %1,2 d\u00fc\u015ft\u00fc, gerileme h\u0131zland\u0131. PMI 45,2 ile daralma s\u00fcr\u00fcyor. DAX\u2019ta hedge, euroda bask\u0131; Bund uzun, ECB \u015fahinli\u011fi zay\u0131f.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-29876","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=29876"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29876\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=29876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=29876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=29876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}