Avusturya\u2019n\u0131n UniCredit Bank \u0130malat PMI endeksi (Sat\u0131n Alma Y\u00f6neticileri Endeksi; 50\u2019nin \u00fczeri b\u00fcy\u00fcme, 50\u2019nin alt\u0131 daralma anlam\u0131na gelir) nisan ay\u0131nda 51,2\u2019ye geriledi. \u00d6nceki veri 52,4\u2019t\u00fc.<\/p>\n
PMI 50\u2019nin \u00fczerinde kald\u0131. Bu da imalat faaliyetinde b\u00fcy\u00fcmenin s\u00fcrd\u00fc\u011f\u00fcne i\u015faret ediyor.<\/p>\n
Avusturya\u2019da imalat PMI\u2019\u0131n 51,2\u2019ye d\u00fc\u015fmesi, b\u00fcy\u00fcme devam etse de ivmede belirgin bir zay\u0131flamaya i\u015faret ediyor. Bu tablo, Almanya imalat PMI\u2019\u0131n\u0131n 51,9\u2019a gerilemesiyle de \u00f6rt\u00fc\u015f\u00fcyor ve Euro B\u00f6lgesi\u2019nin sanayi merkezinde daha geni\u015f \u00e7apl\u0131 bir yava\u015flama olabilece\u011fini d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor. Bu nedenle Avrupa ekonomisinde olas\u0131 bir so\u011fumaya kar\u015f\u0131 pozisyon almak gerekebilir.<\/p>\n
Bu, 2025\u2019in b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcnde g\u00f6r\u00fclen g\u00fc\u00e7l\u00fc imalat toparlanmas\u0131na k\u0131yasla belirgin bir de\u011fi\u015fim. Avusturya ATX endeksinde sat\u0131m opsiyonu (put; endeks d\u00fc\u015ferse de\u011fer kazanan opsiyon) al\u0131m\u0131 de\u011ferlendirilebilir; \u00e7\u00fcnk\u00fc sanayi hisseleri endekste \u00f6nemli yer tutuyor ve bask\u0131 g\u00f6rebilir. B\u00fcy\u00fck Avrupa sanayi ETF\u2019lerinde (borsada i\u015flem g\u00f6ren fon) call spread sat\u0131\u015f\u0131 (al\u0131m opsiyonu sat\u0131p daha y\u00fcksek kullan\u0131m fiyatl\u0131 al\u0131m opsiyonu almak; y\u00fckseli\u015ften s\u0131n\u0131rl\u0131 getiri hedefleyen strateji) da daha temkinli bir se\u00e7enek olabilir.<\/p>\n
Euro B\u00f6lgesi enflasyonu h\u00e2l\u00e2 yakla\u015f\u0131k %2,5 seviyesinde seyrederken, b\u00fcy\u00fcmedeki yava\u015flama Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) para politikas\u0131 kararlar\u0131n\u0131 zorla\u015ft\u0131r\u0131yor. Bu veri, ek faiz art\u0131r\u0131m\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 zay\u0131flat\u0131rken bir sonraki ad\u0131m\u0131n faiz indirimi olma ihtimalini art\u0131r\u0131yor (hemen olmasa da). Bu \u00e7er\u00e7evede Euro\u2019da k\u0131sa pozisyon (short; fiyat d\u00fc\u015f\u00fc\u015f\u00fcnden kazan\u00e7 hedefleyen i\u015flem) f\u0131rsatlar\u0131 \u00f6ne \u00e7\u0131kabilir; \u00f6zellikle ABD dolar\u0131na kar\u015f\u0131.<\/p>\n
Tahvil piyasas\u0131, kalan s\u0131k\u0131la\u015fma beklentilerini (para politikas\u0131n\u0131n daha da s\u0131k\u0131la\u015fmas\u0131) fiyatlamadan \u00e7\u0131karabilir. Alman Bund vadeli i\u015flemlerinde (futures; gelecekte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) al\u0131m d\u00fc\u015f\u00fcn\u00fclebilir; Bundlar b\u00f6lgede belirsizlik d\u00f6nemlerinde \u201cg\u00fcvenli liman\u201d g\u00f6r\u00fclen devlet tahvilleridir. Bu yakla\u015f\u0131m, bu d\u00f6ng\u00fcde faizlerin zirve yapt\u0131\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcnden fayda sa\u011flayabilir.<\/p>\n
\u0130malattaki bu yava\u015flama, birka\u00e7 y\u0131l \u00f6nce enerji fiyat \u015foklar\u0131 d\u00f6neminde ya\u015fanan sanayi zay\u0131fl\u0131\u011f\u0131n\u0131 hat\u0131rlat\u0131yor. O d\u00f6nemde piyasa oynakl\u0131\u011f\u0131 (volatilite; fiyatlar\u0131n sert dalgalanmas\u0131) belirgin \u015fekilde artm\u0131\u015ft\u0131. Bu nedenle VSTOXX endeksinde (Euro B\u00f6lgesi hisse senetleri oynakl\u0131k endeksi) al\u0131m opsiyonu (call; endeks y\u00fckselirse de\u011fer kazanan opsiyon) almak, \u00f6n\u00fcm\u00fczdeki haftalarda artabilecek piyasa dalgalanmas\u0131na kar\u015f\u0131 korunmak i\u00e7in bir y\u00f6ntem olabilir.<\/p>\n
Create your live VT Markets account<\/a>\u00a0and\u00a0start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" PMI frene bast\u0131, piyasalar tetikte! Avusturya imalat PMI nisan\u2019da 52,4\u2019ten 51,2\u2019ye indi; b\u00fcy\u00fcme s\u00fcrse de Euro B\u00f6lgesi\u2019nde ivme so\u011fuyor. ECB\u2019de faiz indirimi, euro short, Bund al\u0131m\u0131, volatilite korunmas\u0131 g\u00fcndemde.<\/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-45639","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\/45639","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=45639"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/45639\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=45639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=45639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=45639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}