Birle\u015fik Krall\u0131k S&P Global \u0130malat PMI, May\u0131s ay\u0131nda \u00f6nceki 53,7 seviyesinden 53,9\u2019a s\u0131n\u0131rl\u0131 y\u00fckselerek ay boyunca fabrika ko\u015fullar\u0131nda marjinal bir iyile\u015fmeye i\u015faret etti. Son veri, endeksin b\u00fcy\u00fcme ile daralmay\u0131 ay\u0131ran 50,0 e\u015fi\u011finin \u00fczerinde kalmas\u0131yla geni\u015flemenin s\u00fcrd\u00fc\u011f\u00fcn\u00fc g\u00f6steriyor.<\/p>\n
Yukar\u0131 y\u00f6nl\u00fc hareket, faaliyetlerde istikrarl\u0131 bir tempoya i\u015faret etse de Nisan\u2019a k\u0131yasla de\u011fi\u015fim s\u0131n\u0131rl\u0131 kald\u0131. PMI\u2019\u0131n 53,9 seviyesinde ger\u00e7ekle\u015fmesi, sekt\u00f6r\u00fcn May\u0131s performans\u0131n\u0131n bir \u00f6nceki ay\u0131n 53,7\u2019lik sonucuyla genel olarak uyumlu oldu\u011funu ve imalat ivmesinde istikrarl\u0131, \u0131l\u0131ml\u0131 bir toparlanmay\u0131 peki\u015ftirdi\u011fini ortaya koyuyor.<\/p>\n
Birle\u015fik Krall\u0131k\u2019ta imalat PMI\u2019\u0131n 53,9\u2019a y\u00fckselmesi, sekt\u00f6rde geni\u015flemenin h\u0131zland\u0131\u011f\u0131n\u0131 g\u00f6stererek genel ekonomi i\u00e7in olumlu bir sinyal veriyor. Bu g\u00fc\u00e7lenme, \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) yak\u0131n vadede faiz indirimi yapma olas\u0131l\u0131\u011f\u0131n\u0131 azalt\u0131yor. Bunu, Birle\u015fik Krall\u0131k odakl\u0131 varl\u0131klar a\u00e7\u0131s\u0131ndan temkinli iyimserlik i\u00e7in bir gerek\u00e7e olarak g\u00f6r\u00fcyoruz.<\/p>\n
Bu veriye ba\u011fl\u0131 olarak, Birle\u015fik Krall\u0131k hisse senetlerinde, \u00f6zellikle sanayi sekt\u00f6r\u00fc i\u00e7inde, ilginin artaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz. Bu olumlu makro sinyalin endeksin 8.500 seviyesi civar\u0131ndaki son diren\u00e7 b\u00f6lgesini a\u015fmas\u0131na yard\u0131mc\u0131 olabilece\u011fi g\u00f6r\u00fc\u015f\u00fcyle FTSE 100 \u00fczerinde al\u0131m (call) opsiyonlar\u0131na bak\u0131yoruz. Bu g\u00f6r\u00fcn\u00fcm, son \u00e7eyrekte kademeli \u015fekilde iyile\u015fen \u015firket k\u00e2r tahminleriyle de destekleniyor.<\/p>\n
Bu raporun Sterlin\u2019e destek sa\u011flamas\u0131 beklenir. Son ONS verilerinin Birle\u015fik Krall\u0131k enflasyonunun %2 hedefinin belirgin \u00fczerinde, %2,8 ile g\u00fc\u00e7l\u00fc seyretti\u011fini g\u00f6stermesiyle birlikte, sa\u011flam bir imalat sekt\u00f6r\u00fc BoE\u2019ye faizleri sabit tutmak i\u00e7in daha fazla gerek\u00e7e sunuyor. Son bir ayd\u0131r 1,28 seviyesi etraf\u0131nda konsolide olan GBP\/USD paritesinde olas\u0131 g\u00fc\u00e7lenmeye y\u00f6nelik pozisyon al\u0131yoruz.<\/p>\n
Buna kar\u015f\u0131l\u0131k bu haber, Birle\u015fik Krall\u0131k devlet tahvilleri (Gilt) i\u00e7in negatif. Daha g\u00fc\u00e7l\u00fc b\u00fcy\u00fcme ve kal\u0131c\u0131 enflasyon beklentileri Gilt getirilerini yukar\u0131 iterek fiyatlar\u0131 a\u015fa\u011f\u0131 \u00e7ekebilir. H\u00e2lihaz\u0131rda %4,35 seviyesinde bulunan 10 y\u0131ll\u0131k Gilt getirisindeki y\u00fckseli\u015ften fayda sa\u011flayacak stratejileri de\u011ferlendiriyoruz.<\/p>\n
BoE, son toplant\u0131s\u0131nda politika faizini %4,75\u2019te sabit tuttu ve bu veri, tart\u0131\u015fman\u0131n \u015fahin kanad\u0131n\u0131 g\u00fc\u00e7lendirecek. Tarihsel olarak, 2016\u2019n\u0131n sonlar\u0131nda g\u00f6rd\u00fc\u011f\u00fcm\u00fcz gibi g\u00fc\u00e7l\u00fc imalat b\u00fcy\u00fcmesi d\u00f6nemleri \u00e7o\u011fu zaman para politikas\u0131nda s\u0131k\u0131la\u015fman\u0131n \u00f6nc\u00fcs\u00fc olmu\u015ftur. \u015eimdi bu ekonomik g\u00fcc\u00fc teyit etmek i\u00e7in yakla\u015fan hizmet PMI verilerini \u00e7ok yak\u0131ndan izleyece\u011fiz.<\/p>\n","protected":false},"excerpt":{"rendered":"
PMI s\u00fcrprizi: \u0130ngiltere imalat\u0131 May\u0131s\u2019ta 53,9\u2019a \u00e7\u0131kt\u0131, geni\u015fleme s\u00fcr\u00fcyor. BoE\u2019nin faiz indirimi ihtimali zay\u0131flarken Sterlin destek bulabilir; Gilt getirileri y\u00fckselebilir, FTSE 100\u2019de sanayi hisseleri \u00f6ne \u00e7\u0131kabilir.<\/p>\n","protected":false},"author":87,"featured_media":47853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-47854","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\/47854","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=47854"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47853"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=47854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=47854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=47854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}