\u0130spanya\u2019n\u0131n HCOB Hizmet Sat\u0131n Alma Y\u00f6neticileri Endeksi (PMI), Nisan\u2019da 47,9 oldu. Bu seviye, 52 olan beklentinin alt\u0131nda kald\u0131.<\/p>\n
50\u2019nin alt\u0131ndaki de\u011fer, hizmet sekt\u00f6r\u00fcnde faaliyetin darald\u0131\u011f\u0131n\u0131 (i\u015f hacminin k\u00fc\u00e7\u00fcld\u00fc\u011f\u00fcn\u00fc) g\u00f6sterir. Buna g\u00f6re Nisan verisi, bir \u00f6nceki aya k\u0131yasla hizmet \u00fcretiminde d\u00fc\u015f\u00fc\u015fe i\u015faret ediyor.<\/p>\n
\u0130spanya\u2019da Nisan hizmet PMI\u2019\u0131n\u0131n 47,9\u2019a sert ve beklenmedik \u015fekilde gerilemesi, piyasalar\u0131n hesaba katmad\u0131\u011f\u0131 bir daralmaya i\u015faret ediyor. Hizmetler sekt\u00f6r\u00fc \u0130spanya ekonomisinin yakla\u015f\u0131k %70\u2019ini olu\u015fturdu\u011fundan, bu veri b\u00fcy\u00fcmede belirgin bir yava\u015flamaya i\u015faret eder. Bu durum \u00f6n\u00fcm\u00fczdeki haftalarda \u0130spanya varl\u0131klar\u0131 \u00fczerinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 yaratabilir.<\/p>\n
Bu \u00e7er\u00e7evede IBEX 35 endeksinde \u201cnegatif pozisyon\u201d (d\u00fc\u015f\u00fc\u015f beklentisiyle i\u015flem) de\u011ferlendirilebilir. Endeksin b\u00fcy\u00fck \u015firketleri aras\u0131nda bankalar ve hizmet a\u011f\u0131rl\u0131\u011f\u0131 y\u00fcksek firmalar bulunuyor; ekonomik zay\u0131fl\u0131k bu alanlar\u0131 do\u011frudan etkileyebilir. IBEX 35\u2019te ya da \u0130spanyol banka hisselerinde \u201cput opsiyonu\u201d (fiyat d\u00fc\u015ferse de\u011fer kazanma e\u011filimindeki opsiyon) almak, olas\u0131 d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 konumlanman\u0131n net bir yolu olabilir.<\/p>\n
Euro B\u00f6lgesi\u2019nin d\u00f6rd\u00fcnc\u00fc b\u00fcy\u00fck ekonomisindeki bu zay\u0131fl\u0131k, ortak para birimi \u00fczerinde de bask\u0131 yaratabilir. Veri, \u00f6zellikle ABD\u2019de son g\u00f6stergelerin daha dayan\u0131kl\u0131 g\u00f6r\u00fcnmesiyle birlikte euro aleyhine bir arg\u00fcman sunuyor. EUR\/USD paritesinde \u201cshort\u201d (d\u00fc\u015f\u00fc\u015f y\u00f6n\u00fcnde pozisyon) denenebilir; b\u00fcy\u00fcme tahminleri a\u015fa\u011f\u0131 revize edilirken paritede geri \u00e7ekilme ihtimali artabilir.<\/p>\n
Ayr\u0131ca bu rapor, Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) politika seyrini zorla\u015ft\u0131r\u0131yor. ECB, \u201c\u00e7ekirdek enflasyon\u201d (enerji ve g\u0131da gibi oynak kalemler hari\u00e7 enflasyon) yakla\u015f\u0131k %3\u2019\u00fcn biraz alt\u0131nda seyrederken enflasyonla m\u00fccadele ediyor. Ekonomide so\u011fumaya dair bu kadar net bir sinyal, ECB \u00fczerinde daha \u201cg\u00fcvercin\u201d (faizde daha gev\u015fek\/indirime yak\u0131n) duru\u015fa y\u00f6nelme veya y\u0131l\u0131n ilerleyen d\u00f6neminde faiz indirimi de\u011ferlendirme bask\u0131s\u0131n\u0131 art\u0131rabilir. Buna \u201cfaiz vadeli i\u015flemleri\u201d (gelecekteki faiz beklentilerine dayal\u0131 s\u00f6zle\u015fmeler) ile, beklenen faizlerin d\u00fc\u015fmesinden fayda sa\u011flayacak \u015fekilde pozisyon al\u0131nabilir.<\/p>\n
Bu haberle birlikte \u0130spanya borcuna ili\u015fkin risk alg\u0131s\u0131n\u0131n artmas\u0131 da olas\u0131. \u0130spanya ve Almanya devlet tahvili getirileri aras\u0131ndaki \u201cspread\u201din (getiri fark\u0131) a\u00e7\u0131l\u0131p a\u00e7\u0131lmad\u0131\u011f\u0131 izlenmeli; bu fark\u0131n geni\u015flemesi beklenebilir. Do\u011frudan bir i\u015flem olarak, \u0130spanya devlet borcuna y\u00f6nelik \u201cCDS korumas\u0131\u201d (temerr\u00fct riskine kar\u015f\u0131 sigorta benzeri s\u00f6zle\u015fme) almak, artan kredi riskine kar\u015f\u0131 temkinli bir korunma sa\u011flayabilir.<\/p>\n
Canl\u0131 VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturun<\/a>\u00a0ve\u00a0hemen i\u015flem yapmaya ba\u015flay\u0131n<\/a>. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" S\u00fcrpriz daralma! \u0130spanya hizmet PMI Nisan\u2019da 47,9\u2019a d\u00fc\u015ferek 52 beklentisini bo\u015fa \u00e7\u0131kard\u0131. %70\u2019lik sekt\u00f6r alarm veriyor; IBEX 35, bankalar, EUR\/USD bask\u0131 alt\u0131nda. ECB\u2019de g\u00fcvercinle\u015fme, tahvil spreadi\/CDS riski artabilir.<\/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-46263","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\/46263","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=46263"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46263\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}