{"id":43898,"date":"2026-04-06T08:31:47","date_gmt":"2026-04-06T08:31:47","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/singapurda-perakende-satislar-yillik-bazda-subatta-onceki-04-seviyesinden-toparlanarak-83e-yukseldi\/"},"modified":"2026-04-06T08:31:47","modified_gmt":"2026-04-06T08:31:47","slug":"singapurda-perakende-satislar-yillik-bazda-subatta-onceki-04-seviyesinden-toparlanarak-83e-yukseldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/singapurda-perakende-satislar-yillik-bazda-subatta-onceki-04-seviyesinden-toparlanarak-83e-yukseldi\/","title":{"rendered":"Singapur\u2019da perakende sat\u0131\u015flar y\u0131ll\u0131k bazda \u015fubatta \u00f6nceki %-0,4 seviyesinden toparlanarak %8,3\u2019e y\u00fckseldi"},"content":{"rendered":"Singapur\u2019un perakende sat\u0131\u015flar\u0131 \u015fubat ay\u0131nda y\u0131ll\u0131k bazda (ge\u00e7en y\u0131l\u0131n ayn\u0131 ay\u0131na g\u00f6re) %8,3 artt\u0131. Bu art\u0131\u015f, \u00f6nceki ay g\u00f6r\u00fclen y\u0131ll\u0131k bazda %-0,4\u2019l\u00fck d\u00fc\u015f\u00fc\u015f\u00fcn ard\u0131ndan geldi.\n\nVeriler, yaln\u0131zca bir ay i\u00e7inde d\u00fc\u015f\u00fc\u015ften b\u00fcy\u00fcmeye sert bir d\u00f6n\u00fc\u015fe i\u015faret ediyor. Bu sonu\u00e7, Singapur\u2019da t\u00fcketici harcamalar\u0131na dair son verileri de destekliyor.\n\n

Perakende Sat\u0131\u015flardaki S\u0131\u00e7rama Daha G\u00fc\u00e7l\u00fc Talebe \u0130\u015faret Ediyor<\/h3>\n\u015eubatta perakende sat\u0131\u015flar\u0131n y\u0131ll\u0131k bazda %8,3\u2019e y\u00fckselmesi, t\u00fcketici talebinde belirgin bir toparlanmay\u0131 do\u011fruluyor. \u00dclkedeki harcamalar\u0131n g\u00fc\u00e7l\u00fc seyretmesi, ikinci \u00e7eyre\u011fe girerken b\u00fcy\u00fcme i\u00e7in sa\u011flam bir zemin olu\u015fturuyor. Bu nedenle Singapur Merkez Bankas\u0131 (MAS \u2013 Monetary Authority of Singapore), yakla\u015fan toplant\u0131s\u0131nda para politikas\u0131n\u0131 gev\u015fetmek (faizleri d\u00fc\u015f\u00fcrmek ya da finansal ko\u015fullar\u0131 rahatlatmak) i\u00e7in daha az gerek\u00e7e g\u00f6rebilir.\n\nBu veri, Singapur Dolar\u0131\u2019n\u0131n g\u00fc\u00e7l\u00fc kalmas\u0131 g\u00f6r\u00fc\u015f\u00fcn\u00fc de destekliyor. \u00c7\u00fcnk\u00fc \u00e7ekirdek enflasyon (enerji ve g\u0131da gibi dalgal\u0131 kalemler hari\u00e7 tutularak hesaplanan enflasyon) son verilerde %3,1 ile y\u00fcksek seyrini korudu. Buna ba\u011fl\u0131 olarak, para birimi de\u011fer kazan\u0131m\u0131ndan faydalanan stratejiler \u00f6ne \u00e7\u0131k\u0131yor. \u00d6rne\u011fin, Nisan\u2019daki MAS toplant\u0131s\u0131ndan sonra vadesi dolan SGD\/USD al\u0131m opsiyonlar\u0131 (call: kur y\u00fckselirse kazan\u00e7 sa\u011flayan opsiyon) de\u011ferlendirilebilir. Bu yakla\u015f\u0131m, 2025 sonundaki daha temkinli ve y\u00f6ns\u00fcz (n\u00f6tr) duru\u015fumuzdan farkl\u0131.\n\nYerel hisse piyasas\u0131 a\u00e7\u0131s\u0131ndan bu tablo, y\u0131lba\u015f\u0131ndan beri %4 y\u00fckselen Straits Times Endeksi (STI) i\u00e7in destekleyici. Bu ivmenin s\u00fcrebilece\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz. Bu durumda STI \u00fczerinde al\u0131m spread\u2019i (call spread: bir al\u0131m opsiyonu al\u0131p daha y\u00fcksek seviyeden ba\u015fka bir al\u0131m opsiyonu satarak maliyeti d\u00fc\u015f\u00fcren ve kazanc\u0131 s\u0131n\u0131rlayan strateji) t\u00fcketici odakl\u0131 (ihtiyari t\u00fcketim) ve banka hisselerinde olas\u0131 y\u00fckseli\u015fe pozisyon almak i\u00e7in daha verimli bir y\u00f6ntem olabilir.\n\nEkonomik g\u00f6r\u00fcn\u00fcm netle\u015firken, STI opsiyonlar\u0131nda ima edilen oynakl\u0131k (implied volatility: opsiyon fiyatlar\u0131na yans\u0131yan, piyasan\u0131n bekledi\u011fi dalgalanma) d\u00fc\u015fmeye ba\u015flayabilir. Bu da prim sat\u0131\u015f\u0131 (opsiyon satarak prim geliri elde etme) i\u00e7in f\u0131rsat yaratabilir. \u00d6rne\u011fin nakit teminatl\u0131 sat\u0131m opsiyonu (cash-secured put: hisseyi belirlenen fiyattan almay\u0131 kabul ederek opsiyon satma; kar\u015f\u0131l\u0131\u011f\u0131nda nakit teminat ay\u0131rma) finansal\u0131 sa\u011flam \u015firketlerde kullan\u0131labilir. Ayr\u0131ca Singapur devlet tahvili getirilerini yak\u0131ndan izliyoruz; ekonomik g\u00fc\u00e7lenme, getiriler \u00fczerinde yukar\u0131 y\u00f6nl\u00fc bask\u0131 yaratabilir. Bu durum, faiz takas\u0131 (interest rate swap: sabit faiz ile de\u011fi\u015fken faizin takas edildi\u011fi s\u00f6zle\u015fme) fiyatlamas\u0131n\u0131 etkileyerek, birka\u00e7 ay \u00f6ncesine g\u00f6re daha dik bir getiri e\u011frisi (yield curve: farkl\u0131 vadelerde tahvil faizlerinin e\u011frisi; \u201cdikle\u015fme\u201d uzun vadeli faizlerin k\u0131sa vadeye g\u00f6re daha \u00e7ok y\u00fckselmesi) ihtimalini art\u0131r\u0131yor.\n\n

Piyasalar Ve Politika G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\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":"

Singapur\u2019da perakende sat\u0131\u015flar \u015fubatta y\u0131ll\u0131k %8,3 s\u0131\u00e7rad\u0131; ocaktaki %-0,4 d\u00fc\u015f\u00fc\u015f tersine d\u00f6nd\u00fc. G\u00fc\u00e7l\u00fc talep MAS\u2019\u0131n gev\u015femesini zorla\u015ft\u0131r\u0131rken, SGD ve STI i\u00e7in y\u00fckseli\u015f senaryosu g\u00fc\u00e7leniyor.<\/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-43898","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\/43898","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=43898"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/43898\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=43898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=43898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=43898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}