\u0130spanya\u2019da kay\u0131tl\u0131 i\u015fsizlik Nisan ay\u0131nda 62.668 ki\u015fi azald\u0131. Beklentiler 18,6 bin ki\u015filik d\u00fc\u015f\u00fc\u015fe i\u015faret ediyordu.<\/p>\n
Nisan verisi, beklenenden daha sert bir gerilemeye i\u015faret ediyor. Rapor, \u0130spanya\u2019daki \u201ckay\u0131tl\u0131 i\u015fsizli\u011fi\u201d (i\u015f bulma kurumuna ba\u015fvurarak resmi kay\u0131tlara ge\u00e7en i\u015fsiz say\u0131s\u0131) kaps\u0131yor.<\/p>\n
\u0130spanya\u2019da i\u015fsizli\u011fin beklenmedik \u00f6l\u00e7\u00fcde g\u00fc\u00e7l\u00fc d\u00fc\u015fmesi, ekonominin tahmin edilenden daha dayan\u0131kl\u0131 oldu\u011funa i\u015faret ediyor. 18 bin civar\u0131 beklenen d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 62 bini a\u015fan gerileme; t\u00fcketici harcamalar\u0131n\u0131n ve i\u00e7 ekonomik faaliyetin g\u00fc\u00e7l\u00fc seyretti\u011fini g\u00f6steriyor. Bu nedenle, k\u0131sa vadede \u0130spanyol hisseleri konusunda daha iyimser bir bak\u0131\u015fa ge\u00e7mek gerekir.<\/p>\n
Bu olumlu ivmeyle, IBEX 35 endeksi veya \u0130spanyol hisselerini izleyen borsa yat\u0131r\u0131m fonlar\u0131 (ETF: borsada hisse gibi al\u0131n\u0131p sat\u0131labilen fon) \u00fczerinden al\u0131m y\u00f6nl\u00fc stratejiler \u00f6ne \u00e7\u0131kabilir. \u00d6rne\u011fin \u201cal\u0131m opsiyonu\u201d (call option: belirli bir tarihe kadar, belirli bir fiyattan alma hakk\u0131 veren s\u00f6zle\u015fme) de\u011ferlendirmek m\u00fcmk\u00fcn. Haziran veya Temmuz 2026 vadeleri, i\u015flemin olgunla\u015fmas\u0131 i\u00e7in zaman tan\u0131rken k\u0131sa vadeli alg\u0131 de\u011fi\u015fimini de yakalamay\u0131 hedefler. Bu yakla\u015f\u0131m, piyasan\u0131n \u0130spanya\u2019n\u0131n ekonomik g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc yukar\u0131 y\u00f6nl\u00fc yeniden fiyatlayaca\u011f\u0131 varsay\u0131m\u0131na dayan\u0131r.<\/p>\n
Bu istihdam verisi tek ba\u015f\u0131na de\u011fil; olu\u015fan bir e\u011filimi destekliyor. \u0130spanya\u2019n\u0131n GSYH\u2019si (GDP: bir ekonomide \u00fcretilen toplam mal ve hizmet de\u011feri) 2026\u2019n\u0131n ilk \u00e7eyre\u011finde %0,7 b\u00fcy\u00fcrken, Euro B\u00f6lgesi\u2019nin %0,3\u2019l\u00fck b\u00fcy\u00fcmesini geride b\u0131rakt\u0131. Nisan ay\u0131 hizmet PMI verisi (Purchasing Managers\u2019 Index: sat\u0131n alma y\u00f6neticileri endeksi; 50\u2019nin \u00fcst\u00fc b\u00fcy\u00fcmeye i\u015faret eder) 56,2 ile g\u00fc\u00e7l\u00fc geldi ve ekonominin en b\u00fcy\u00fck b\u00f6l\u00fcm\u00fcnde geni\u015flemeye i\u015faret etti.<\/p>\n
Benzer bir tablo 2025\u2019in ikinci yar\u0131s\u0131nda da g\u00f6r\u00fcld\u00fc. G\u00fcney Avrupa\u2019dan gelen beklentiyi a\u015fan istihdam verileri, birka\u00e7 hafta s\u00fcren \u201cd\u00f6ng\u00fcsel\u201d hisselerde (ekonomik b\u00fcy\u00fcmeye daha duyarl\u0131 sekt\u00f6r hisseleri) geni\u015f \u00e7apl\u0131 y\u00fckseli\u015ften \u00f6nce gelmi\u015fti. Ge\u00e7mi\u015f, piyasalar\u0131n \u0130spanya i\u015fg\u00fcc\u00fc piyasas\u0131ndaki toparlanman\u0131n g\u00fcc\u00fcn\u00fc zaman zaman hafife alabildi\u011fini g\u00f6steriyor.<\/p>\n
\u201cOynakl\u0131k\u201d a\u00e7\u0131s\u0131ndan (volatilite: fiyatlar\u0131n ne kadar h\u0131zl\u0131 ve geni\u015f dalgaland\u0131\u011f\u0131n\u0131 g\u00f6sterir), bu olumlu tablo \u0130spanya varl\u0131klar\u0131nda \u201c\u00f6rt\u00fck oynakl\u0131\u011f\u0131\u201d (implied volatility: opsiyon fiyatlar\u0131n\u0131n ima etti\u011fi beklentisel oynakl\u0131k) a\u015fa\u011f\u0131 \u00e7ekebilir. Santander veya BBVA gibi b\u00fcy\u00fck \u0130spanyol bankalar\u0131nda \u201czarar-kesim d\u0131\u015f\u0131nda\u201d sat\u0131m opsiyonu satmak (out-of-the-money put: mevcut fiyat\u0131n alt\u0131nda kullan\u0131m fiyatl\u0131 sat\u0131m opsiyonu; \u201cprim\u201d toplamak i\u00e7in sat\u0131labilir) prim geliri elde etmenin bir yolu olabilir. Ancak Avrupa Merkez Bankas\u0131\u2019n\u0131n para politikas\u0131 (faiz ve likidite kararlar\u0131) takip edilmeli; bir sonraki toplant\u0131 belirsizli\u011fi yeniden art\u0131rabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
S\u00fcrpriz istihdam r\u00fczg\u00e2r\u0131: \u0130spanya\u2019da kay\u0131tl\u0131 i\u015fsizlik Nisan\u2019da 62.668 ki\u015fi d\u00fc\u015ft\u00fc (beklenti 18,6 bin). Veri ekonomide dayan\u0131kl\u0131l\u0131\u011fa i\u015faret; IBEX 35\/ETF\u2019lerde al\u0131m, opsiyonlarda volatilite d\u00fc\u015f\u00fc\u015f\u00fc f\u0131rsat\u0131. ECB riski izlenmeli.<\/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-46159","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\/46159","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=46159"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46159\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}