{"id":29877,"date":"2026-03-09T10:59:33","date_gmt":"2026-03-09T10:59:33","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/almanyada-mevsimsellikten-arindirilmis-aylik-fabrika-siparisleri-ocakta-sert-dususle-yuzde-78den-eksi-yuzde-111e-geriledi\/"},"modified":"2026-03-09T10:59:33","modified_gmt":"2026-03-09T10:59:33","slug":"almanyada-mevsimsellikten-arindirilmis-aylik-fabrika-siparisleri-ocakta-sert-dususle-yuzde-78den-eksi-yuzde-111e-geriledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/almanyada-mevsimsellikten-arindirilmis-aylik-fabrika-siparisleri-ocakta-sert-dususle-yuzde-78den-eksi-yuzde-111e-geriledi\/","title":{"rendered":"Almanya\u2019da mevsimsellikten ar\u0131nd\u0131r\u0131lm\u0131\u015f ayl\u0131k fabrika sipari\u015fleri ocakta sert d\u00fc\u015f\u00fc\u015fle y\u00fczde 7,8\u2019den eksi y\u00fczde 11,1\u2019e geriledi"},"content":{"rendered":"Almanya\u2019da fabrika sipari\u015fleri Ocak ay\u0131nda bir \u00f6nceki aya g\u00f6re %11,1 d\u00fc\u015ft\u00fc. Bir \u00f6nceki d\u00f6nemde %7,8 art\u0131\u015f g\u00f6r\u00fclm\u00fc\u015ft\u00fc.\n\nVeriler, ayl\u0131k bazda b\u00fcy\u00fcmeden d\u00fc\u015f\u00fc\u015fe sert bir d\u00f6n\u00fc\u015fe i\u015faret ediyor. Bu durum, y\u0131l\u0131n ba\u015f\u0131nda Alman \u00fcreticilerinin ald\u0131\u011f\u0131 yeni sipari\u015flerin zay\u0131flad\u0131\u011f\u0131n\u0131 g\u00f6steriyor.\n\n

Alman Sanayisi Aniden Darbe Ald\u0131<\/h3>\nOcak ay\u0131nda fabrika sipari\u015flerinin %11,1 gerilemesi, Almanya\u2019n\u0131n sanayi sekt\u00f6r\u00fcnde sert ve beklenmedik bir daralmaya i\u015faret ediyor. Aral\u0131k ay\u0131ndaki art\u0131\u015ftan sonra gelen bu keskin d\u00f6n\u00fc\u015f, Avrupa\u2019n\u0131n en b\u00fcy\u00fck ekonomisinde belirgin bir yava\u015flamay\u0131 g\u00f6steriyor. Bu tek ba\u015f\u0131na bir veri de\u011fil; \u015fubat ay\u0131na ait HCOB Almanya \u0130malat PMI (Sat\u0131n Alma Y\u00f6neticileri Endeksi: fabrikalarda \u00fcretim ve sipari\u015f ko\u015fullar\u0131n\u0131 \u00f6l\u00e7en anket g\u00f6stergesi) da bu zay\u0131fl\u0131\u011f\u0131 do\u011frulad\u0131 ve 43,5\u2019e geriledi. (PMI\u2019da 50\u2019nin alt\u0131, sekt\u00f6rde daralma anlam\u0131na gelir.)\n\nBu tablo, \u00f6n\u00fcm\u00fczdeki haftalarda euro i\u00e7in olumsuz (d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc) bir g\u00f6r\u00fcn\u00fcme i\u015faret ediyor. Euro\u2019nun ABD dolar\u0131 kar\u015f\u0131s\u0131nda zay\u0131flamas\u0131 beklenebilir. ABD\u2019de a\u00e7\u0131klanan tar\u0131m d\u0131\u015f\u0131 istihdam (tar\u0131m hari\u00e7 istihdam art\u0131\u015f\u0131n\u0131 g\u00f6steren ayl\u0131k veri) verisinin 250 bini a\u015fan yeni istihdamla g\u00fc\u00e7l\u00fc gelmesi, dolar lehine bir zemin olu\u015fturuyor. Yat\u0131r\u0131mc\u0131lar EUR\/USD paritesinde put opsiyonu (fiyat d\u00fc\u015f\u00fc\u015f\u00fcne kar\u015f\u0131 kazan\u00e7 sa\u011flayabilen opsiyon t\u00fcr\u00fc) al\u0131m\u0131n\u0131 de\u011ferlendirebilir.\n\nHisse senedi taraf\u0131nda, sanayi ve \u00fcretim \u015firketlerinin a\u011f\u0131rl\u0131\u011f\u0131 y\u00fcksek oldu\u011fu i\u00e7in Alman DAX endeksi (Almanya\u2019n\u0131n \u00f6nde gelen hisse endeksi) daha k\u0131r\u0131lgan g\u00f6r\u00fcn\u00fcyor. Zay\u0131f sipari\u015f verisi, endeksteki b\u00fcy\u00fck \u015firketlerin k\u00e2r tahminlerini do\u011frudan bask\u0131layabilir. DAX vadeli i\u015flemleri (gelecekte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) veya endeksi takip eden borsa yat\u0131r\u0131m fonlar\u0131 (ETF: endeksi sepet olarak izleyen fon) \u00fczerinden put opsiyonu stratejileri \u00f6ne \u00e7\u0131k\u0131yor.\n\nBu ekonomik zay\u0131fl\u0131k, Avrupa Merkez Bankas\u0131\u2019n\u0131n daha \u201cg\u00fcvercin\u201d (faiz indirimine daha yatk\u0131n) bir \u00e7izgiye kayma olas\u0131l\u0131\u011f\u0131n\u0131 art\u0131r\u0131yor. Piyasalar y\u0131l\u0131n ilerleyen d\u00f6neminde olas\u0131 faiz indirimlerini fiyatl\u0131yor; bunun yans\u0131mas\u0131 olarak devlet tahvili faizlerinde d\u00fc\u015f\u00fc\u015f g\u00f6r\u00fcyoruz. Almanya 2 y\u0131ll\u0131k Bund tahvil getirisi (tahvil faizi) 15 baz puan geriledi. (Baz puan: faizlerde %0,01\u2019lik de\u011fi\u015fim.) Bu ortamda Alman tahvil vadeli i\u015flemlerinde uzun pozisyon (fiyat art\u0131\u015f\u0131ndan kazan\u00e7 hedefleyen pozisyon) tutmak, d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 koruma ama\u00e7l\u0131 bir se\u00e7enek olabilir.\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":"

Almanya\u2019da fabrika sipari\u015fleri ocakta ayl\u0131k %11,1 \u00e7\u00f6kt\u00fc; PMI 43,5\u2019le daralmay\u0131 teyit etti. DAX\u2019ta k\u00e2r bask\u0131s\u0131 artabilir. Euro zay\u0131flayabilir, ECB daha g\u00fcvercinle\u015febilir; Bund getirileri d\u00fc\u015f\u00fcyor.<\/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-29877","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\/29877","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=29877"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/29877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=29877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=29877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=29877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}