{"id":44051,"date":"2026-04-07T04:20:37","date_gmt":"2026-04-07T04:20:37","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/ateskes-muzakerelerindeki-ilerleme-yatirimcilarin-risk-istahini-artirdi-dow-zirvelerin-ardindan-yaklasik-46-500e-yukselerek-03-prim-yapti\/"},"modified":"2026-04-07T04:20:37","modified_gmt":"2026-04-07T04:20:37","slug":"ateskes-muzakerelerindeki-ilerleme-yatirimcilarin-risk-istahini-artirdi-dow-zirvelerin-ardindan-yaklasik-46-500e-yukselerek-03-prim-yapti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/ateskes-muzakerelerindeki-ilerleme-yatirimcilarin-risk-istahini-artirdi-dow-zirvelerin-ardindan-yaklasik-46-500e-yukselerek-03-prim-yapti\/","title":{"rendered":"Ate\u015fkes m\u00fczakerelerindeki ilerleme yat\u0131r\u0131mc\u0131lar\u0131n risk i\u015ftah\u0131n\u0131 art\u0131rd\u0131; Dow, zirvelerin ard\u0131ndan yakla\u015f\u0131k 46.500\u2019e y\u00fckselerek %0,3 prim yapt\u0131"},"content":{"rendered":"ABD hisseleri, Kutsal Cuma (Good Friday) tatili nedeniyle verilen aran\u0131n ard\u0131ndan y\u00fckseldi. Dow endeksi 120 puan (%0,3) artarak 46.500 civar\u0131na \u00e7\u0131kt\u0131; g\u00fcn i\u00e7inde 46.700\u2019e kadar y\u00fckseldi. S&#038;P 500 %0,4, Nasdaq %0,5 artt\u0131. Ge\u00e7en haftaki y\u00fckseli\u015fler s\u0131ras\u0131yla %3, %3,4 ve %4,4\u2019t\u00fc.\n\nPiyasalar, Mart ay\u0131 Tar\u0131m D\u0131\u015f\u0131 \u0130stihdam (Nonfarm Payrolls: tar\u0131m sekt\u00f6r\u00fc hari\u00e7 yeni istihdam) verisine tepki verdi. \u0130stihdam 178 bin artt\u0131; beklenti 60 bindi. Man\u015fetteki g\u00fc\u00e7l\u00fc art\u0131\u015fta, grevler nedeniyle \u00e7al\u0131\u015famayanlar\u0131n i\u015flerine d\u00f6nmesi etkili oldu. Ortalama saatlik kazan\u00e7lar (Average Hourly Earnings: saat ba\u015f\u0131 \u00fccret g\u00f6stergesi) ayl\u0131k %0,2, y\u0131ll\u0131k %3,5 artt\u0131; bu oran May\u0131s 2021\u2019den bu yana en d\u00fc\u015f\u00fck seviyeye i\u015faret etti.\n\n<h3>Labor Market And Inflation Signals<\/h3>\n\u0130\u015fsizlik oran\u0131 %4,3\u2019e geriledi. \u015eubat ay\u0131 istihdam verisi de revize edildi: Daha \u00f6nce 92 bin d\u00fc\u015f\u00fc\u015f olarak a\u00e7\u0131klanan veri, 133 bin kay\u0131p olarak g\u00fcncellendi.\n\nISM hizmet PMI (sat\u0131n alma y\u00f6neticileri endeksi; 50\u2019nin \u00fczeri b\u00fcy\u00fcmeyi g\u00f6sterir) Mart\u2019ta 56,1\u2019den 54\u2019e indi; beklenti 55\u2019ti. Buna ra\u011fmen endeks 21\u2019inci ayda da b\u00fcy\u00fcmeye i\u015faret etti. \u0130stihdam Endeksi 51,8\u2019den 45,2\u2019ye gerilerken, Yeni Sipari\u015fler 58,6\u2019dan 60,6\u2019ya y\u00fckseldi.\n\n\u00d6denen Fiyatlar Endeksi (Prices Paid: \u015firketlerin girdi maliyetlerindeki fiyat bask\u0131s\u0131n\u0131 g\u00f6sterir) 63\u2019ten 70,7\u2019ye \u00e7\u0131kt\u0131. Bu art\u0131\u015f, petrol ve akaryak\u0131t maliyetlerindeki y\u00fckseli\u015fle ili\u015fkilendirildi. WTI (ABD ham petrol\u00fc g\u00f6stergesi) %0,7 art\u0131\u015fla varil ba\u015f\u0131na 112 dolar\u0131n \u00fczerine, Brent (k\u00fcresel petrol g\u00f6stergesi) %0,6 art\u0131\u015fla 109 dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131. Ate\u015fkes g\u00f6r\u00fc\u015fmeleri ve H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019na (k\u00fcresel petrol ta\u015f\u0131mac\u0131l\u0131\u011f\u0131 i\u00e7in kritik ge\u00e7i\u015f noktas\u0131) ili\u015fkin tehditler fiyatlar\u0131 etkiledi.\n\nG\u00f6zler Per\u015fembe g\u00fcn\u00fc a\u00e7\u0131klanacak 4. \u00e7eyrek GSYH\u2019nin (GDP: Gayrisafi Yurti\u00e7i Has\u0131la, ekonominin toplam \u00fcretimi) \u00fc\u00e7\u00fcnc\u00fc tahmini ile PCE endeksine (Ki\u015fisel T\u00fcketim Harcamalar\u0131 Fiyat Endeksi; Fed\u2019in yak\u0131ndan izledi\u011fi enflasyon g\u00f6stergesi) \u00e7evrildi. Cuma g\u00fcn\u00fc ise Mart T\u00dcFE (CPI: T\u00fcketici Fiyat Endeksi, t\u00fcketici enflasyonu) a\u00e7\u0131klanacak. \u015eubat T\u00dcFE y\u0131ll\u0131k %2,4 seviyesindeydi. Vadeli i\u015flemler (futures: ileri tarihli fiyat \u00fczerinden al\u0131m-sat\u0131m s\u00f6zle\u015fmeleri) y\u0131l sonuna kadar faizin %3,50\u2013%3,75 band\u0131nda kalma olas\u0131l\u0131\u011f\u0131n\u0131 %77,5 olarak fiyatlad\u0131; Nisan\u2019da de\u011fi\u015fim olas\u0131l\u0131\u011f\u0131 ise s\u0131f\u0131ra yak\u0131nd\u0131.\n\n<h3>Lessons From 2025 For Today<\/h3>\n2025\u2019in bu d\u00f6nemine bak\u0131ld\u0131\u011f\u0131nda, piyasa g\u00fc\u00e7l\u00fc istihdam verisini sindirirken enflasyon riskini yeterince \u00f6nemsememi\u015fti. ISM \u00d6denen Fiyatlar endeksinin 70,7\u2019ye s\u0131\u00e7ramas\u0131, maliyet bask\u0131s\u0131 i\u00e7in net bir uyar\u0131yd\u0131. O d\u00f6nemde \u00fccret art\u0131\u015f\u0131n\u0131n zay\u0131f g\u00f6r\u00fcnmesi yan\u0131lt\u0131c\u0131 oldu; as\u0131l belirleyici unsur enerji maliyetlerindeki y\u00fckseli\u015fti.\n\n2025\u2019te \u201c\u00f6denen fiyatlar\u201ddaki sert y\u00fckseli\u015f, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed: para politikas\u0131 belirleyicisi) piyasalar\u0131n bekledi\u011fi gibi faizi sabit tutamayaca\u011f\u0131na dair g\u00fc\u00e7l\u00fc bir sinyaldi. Nitekim o y\u0131l \u00e7ekirdek PCE (g\u0131da ve enerji hari\u00e7 enflasyon \u00f6l\u00e7\u00fcm\u00fc) 2025\u2019in \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde %3,8\u2019e \u00e7\u0131kt\u0131 ve iki ek faiz art\u0131\u015f\u0131n\u0131 zorunlu k\u0131ld\u0131; bu da faizi bug\u00fcn bulundu\u011fumuz %4,75\u2013%5,00 aral\u0131\u011f\u0131na ta\u015f\u0131d\u0131. Bu tablo, Fed faizleri sabit tuttu\u011funda \u00fccret verisinden \u00e7ok PMI raporlar\u0131n\u0131n fiyat bile\u015fenlerine (maliyet ve fiyat bask\u0131s\u0131) a\u011f\u0131rl\u0131k verilmesi gerekti\u011fine i\u015faret ediyor.\n\n2025\u2019te Orta Do\u011fu gerilimiyle WTI\u2019\u0131n varil ba\u015f\u0131na 112 dolar\u0131n \u00fczerine dalgalanmas\u0131, petroldeki sert oynakl\u0131\u011f\u0131n (volatilite: fiyatlar\u0131n h\u0131zl\u0131 ve geni\u015f aral\u0131kta hareket etmesi) \u00f6nemini g\u00f6sterdi. Piyasa zamanla bu y\u00fcksek fiyatlara al\u0131\u015fsa da kal\u0131c\u0131 y\u00fcksek enerji maliyeti ekonominin geneline yay\u0131ld\u0131. Nisan 2026 itibar\u0131yla WTI 85 dolar civar\u0131nda daha dengeli seyrederken, enerji sekt\u00f6r\u00fcnde ima edilen oynakl\u0131k (implied volatility: opsiyon fiyatlar\u0131ndan t\u00fcretilen beklenen dalgalanma) daha d\u00fc\u015f\u00fck. Bu durum, jeopolitik \u015foklara kar\u015f\u0131 daha d\u00fc\u015f\u00fck maliyetle \u201ckoruma\u201d (hedge: olas\u0131 zarar\u0131 s\u0131n\u0131rlama) alma f\u0131rsat\u0131 sunuyor.\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">VT Markets canl\u0131 hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">hemen i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/b>\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Wall Street tatil d\u00f6n\u00fc\u015f\u00fc y\u00fckseldi; g\u00fc\u00e7l\u00fc istihdam ralliye ivme verdi. Ancak ISM \u201c\u00f6denen fiyatlar\u201d 70,7\u2019ye s\u0131\u00e7rad\u0131, petrol 112$ \u00fczeri: enflasyon ve Fed faizi riski yeniden masada.<\/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-44051","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\/44051","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=44051"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44051\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}