\u0130spanya\u2019n\u0131n HCOB \u0130malat PMI verisi May\u0131s\u2019ta 51,2 ile, piyasa beklentisi olan 53,7\u2019nin alt\u0131nda kald\u0131. Veri, geni\u015fleme ile daralmay\u0131 ay\u0131ran 50 e\u015fi\u011finin \u00fczerinde kalsa da, toparlanman\u0131n beklenenden daha zay\u0131f bir h\u0131zda seyretti\u011fine i\u015faret ediyor.<\/p>\n
B\u00fclten, FXStreet\u2019in editoryal ekibi taraf\u0131ndan yay\u0131mland\u0131. Ekip, kurulu\u015fun a\u011f\u0131rl\u0131kl\u0131 olarak d\u00f6viz piyasalar\u0131na odaklanan kapsam\u0131n\u0131 y\u00f6netiyor ve \u00e7al\u0131\u015fmalar\u0131n\u0131 piyasa kat\u0131l\u0131mc\u0131lar\u0131na y\u00f6nelik gazetecilik hizmeti olarak konumland\u0131r\u0131yor.<\/p>\n
Bug\u00fcnk\u00fc \u0130spanya imalat PMI verisindeki beklenti alt\u0131 ger\u00e7ekle\u015fmeyi, Euro B\u00f6lgesi\u2019nin b\u00fcy\u00fcme ivmesi a\u00e7\u0131s\u0131ndan net bir uyar\u0131 sinyali olarak g\u00f6r\u00fcyoruz. 51,2 ile h\u00e2l\u00e2 geni\u015fleme b\u00f6lgesinde olsa da, 53,7\u2019lik beklentiye k\u0131yasla belirgin sapma ekonomide so\u011fumaya i\u015faret ediyor. Bu durum, Avrupa piyasalar\u0131n\u0131 bu y\u0131l yukar\u0131 ta\u015f\u0131yan g\u00fc\u00e7l\u00fc toparlanma anlat\u0131s\u0131n\u0131 da zorluyor.<\/p>\n
Bu veri, Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) bir sonraki ad\u0131m\u0131n\u0131 da zorla\u015ft\u0131r\u0131yor; \u00f6zellikle \u00e7ekirdek enflasyonun ge\u00e7en ay a\u00e7\u0131klanan %2,4 seviyesinde yap\u0131\u015fkan kalmas\u0131 dikkate al\u0131nd\u0131\u011f\u0131nda. Bu zay\u0131f PMI\u2019\u0131n, piyasalar\u0131n daha ge\u00e7en hafta %60\u2019\u0131n \u00fczerinde olas\u0131l\u0131kla fiyatlad\u0131\u011f\u0131 yaz sonuna do\u011fru bir faiz art\u0131r\u0131m\u0131n\u0131n ihtimalini belirgin bi\u00e7imde d\u00fc\u015f\u00fcrd\u00fc\u011f\u00fcn\u00fc d\u00fc\u015f\u00fcn\u00fcyoruz. Bu \u00e7er\u00e7evede, Euribor\u2019a endeksli vadeli kontrat al\u0131m\u0131 gibi k\u0131sa vadeli faizlerin gerilemesine oynayan t\u00fcrev \u00fcr\u00fcnlere bak\u0131yoruz.<\/p>\n
Hisse senetleri taraf\u0131nda, y\u0131lba\u015f\u0131ndan bu yana %8\u2019in \u00fczerinde y\u00fckselen \u0130spanya IBEX 35 endeksinin geri \u00e7ekilmeye daha a\u00e7\u0131k h\u00e2le geldi\u011fi g\u00f6r\u00fcl\u00fcyor. Tarihsel olarak, 2019\u2019da g\u00f6r\u00fclen \u00f6rne\u011fe benzer PMI verilerinde sert yava\u015flamalar, k\u00e2r beklentileri a\u015fa\u011f\u0131 revize edilirken piyasa d\u00fczeltmelerinin \u00f6ncesinde ger\u00e7ekle\u015fti. Bu nedenle, \u00f6n\u00fcm\u00fczdeki haftalar i\u00e7in korunma ama\u00e7l\u0131 ya da spek\u00fclatif k\u0131sa pozisyon olarak IBEX 35 \u00fczerinde put opsiyonu al\u0131m\u0131n\u0131 de\u011ferlendiriyoruz.<\/p>\n
Euro\u2019nun, blok genelindeki b\u00fcy\u00fcme beklentileri a\u015fa\u011f\u0131 \u00e7ekilirken bask\u0131 alt\u0131nda kalmas\u0131 muhtemel. EUR\/USD paritesinde olas\u0131 zay\u0131fl\u0131\u011fa kar\u015f\u0131 konumlan\u0131yoruz; a\u015fa\u011f\u0131 y\u00f6nl\u00fc riskten faydalan\u0131rken riski s\u0131n\u0131rlamak i\u00e7in opsiyon kullan\u0131m\u0131 g\u00fcndemde olabilir. Bu s\u00fcrpriz veri ba\u015fl\u0131\u011f\u0131, k\u0131sa vadeli piyasa oynakl\u0131\u011f\u0131n\u0131 da art\u0131rabilir; bu da VSTOXX gibi endekslerde uzun pozisyonlar\u0131 cazip k\u0131l\u0131yor.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u0130spanya HCOB \u0130malat PMI May\u0131s\u2019ta 51,2\u2019ye gerileyerek 53,7 beklentisini ka\u00e7\u0131rd\u0131: Euro B\u00f6lgesi b\u00fcy\u00fcmesine uyar\u0131. ECB\u2019nin yaz faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131 d\u00fc\u015ferken euro bask\u0131lanabilir; IBEX 35 ve volatilite hareketlenebilir.<\/p>\n","protected":false},"author":87,"featured_media":47702,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-47842","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/47842","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=47842"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47842\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47702"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=47842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=47842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=47842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}