\u0130sve\u00e7\u2019te imalat sanayinde y\u0131ll\u0131k bazda yeni sipari\u015fler Nisan ay\u0131nda %6,3\u2019e y\u00fckselerek \u00f6nceki verideki -%7,3 seviyesinden toparland\u0131. Bu de\u011fi\u015fim, daralma d\u00f6neminin ard\u0131ndan seriyi yeniden b\u00fcy\u00fcme b\u00f6lgesine ta\u015f\u0131d\u0131.<\/p>\n
Son veri, ikinci \u00e7eyre\u011fin ba\u015f\u0131nda \u00fcreticiler i\u00e7in talep ko\u015fullar\u0131n\u0131n g\u00fc\u00e7lendi\u011fine i\u015faret ediyor. Bununla birlikte -%7,3\u2019ten %6,3\u2019e s\u0131\u00e7rama, sipari\u015f ak\u0131\u015flar\u0131n\u0131n aydan aya ne kadar oynak olabilece\u011fini de ortaya koyuyor.<\/p>\n
Nisan ay\u0131ndaki imalat yeni sipari\u015flerindeki sert d\u00f6n\u00fc\u015f\u2014derin negatiften belirgin pozitife\u2014\u0130sve\u00e7 sanayi d\u00f6ng\u00fcs\u00fcnde olas\u0131 bir dip olu\u015ftu\u011funa i\u015faret ediyor. Bunu k\u00fc\u00e7\u00fck bir dalgalanma de\u011fil, ekonomik ivmede daha temel bir de\u011fi\u015fim olarak g\u00f6r\u00fcyoruz. Bu t\u00fcr bir toparlanma, \u00e7o\u011fu zaman daha geni\u015f ekonomik sa\u011fl\u0131k a\u00e7\u0131s\u0131ndan \u00f6nc\u00fc g\u00f6sterge niteli\u011fi ta\u015f\u0131r.<\/p>\n
Bu pozitif e\u011filimin kal\u0131c\u0131l\u0131k g\u00f6sterdi\u011fi de g\u00f6r\u00fcl\u00fcyor; zira daha g\u00fcncel veriler toparlanmay\u0131 teyit ediyor. \u00d6rne\u011fin, \u0130sve\u00e7 \u0130malat PMI\u2019\u0131 May\u0131s 2026\u2019da 55,2 ile g\u00fc\u00e7l\u00fc bir seviyeye \u00e7\u0131kt\u0131 ve 50 e\u015fik de\u011ferinin \u00fczerinde \u00fcst \u00fcste \u00fc\u00e7\u00fcnc\u00fc ay geni\u015fleme b\u00f6lgesinde kald\u0131. Bu devaml\u0131l\u0131k, Nisan verisinin tek seferlik bir durum olmad\u0131\u011f\u0131na dair g\u00fcvenimizi art\u0131r\u0131yor.<\/p>\n
Bu \u00e7er\u00e7evede OMX Stockholm 30 endeksinde y\u00fckseli\u015f y\u00f6nl\u00fc pozisyonlara bak\u0131yoruz. \u00d6nde gelen sanayi ihracat\u00e7\u0131lar\u0131na yukar\u0131 y\u00f6nl\u00fc maruziyet sa\u011flamak i\u00e7in, vadesi A\u011fustos veya Eyl\u00fcl 2026 olan al\u0131m (call) opsiyonlar\u0131n\u0131n de\u011ferlendirilmesini \u00f6neriyoruz. Tarihsel olarak, 2016-2017\u2019de g\u00f6r\u00fclen t\u00fcrden imalatta canlanma d\u00f6nemleri endekste kal\u0131c\u0131 ralli s\u00fcre\u00e7lerine zemin haz\u0131rlayabilmi\u015ftir.<\/p>\n
G\u00fc\u00e7lenen bu ekonomik g\u00f6r\u00fcn\u00fcm, \u0130sve\u00e7 Kronu (SEK) i\u00e7in beklentileri de de\u011fi\u015ftiriyor. Riksbank\u2019\u0131n art\u0131k agresif faiz indirimlerine gitme olas\u0131l\u0131\u011f\u0131 belirgin bi\u00e7imde azal\u0131r; bu da para birimine destekleyici bir unsur olu\u015fturur. EUR\/SEK vadeli i\u015flemlerinde sat\u0131\u015f veya SEK \u00fczerinde al\u0131m (call) opsiyonu al\u0131m\u0131n\u0131 cazip bir strateji olarak g\u00f6r\u00fcyoruz; \u00f6zellikle EUR\/SEK\u2019in kritik teknik seviyelerin alt\u0131na sarkmas\u0131n\u0131n ard\u0131ndan parite halihaz\u0131rda 11,25 civar\u0131nda i\u015flem g\u00f6r\u00fcyor.<\/p>\n
Verideki s\u00fcrpriz unsuru, \u0130sve\u00e7 varl\u0131klar\u0131nda k\u0131sa vadeli z\u0131mni volatiliteyi muhtemelen yukar\u0131 ta\u015f\u0131m\u0131\u015f durumda. Bu volatiliteyi satma y\u00f6n\u00fcnde, \u00f6rne\u011fin OMX 30 \u00fczerinde put kredi spreadleri gibi stratejilerle bir f\u0131rsat g\u00f6r\u00fcyoruz. Bu yakla\u015f\u0131m, piyasaya ili\u015fkin temkinli iyimser y\u00f6n beklentimizi korurken prim toplama imk\u00e2n\u0131 sunar.<\/p>\n","protected":false},"excerpt":{"rendered":"
S\u00fcrpriz d\u00f6n\u00fc\u015f: \u0130sve\u00e7\u2019te imalat yeni sipari\u015fleri Nisan\u2019da -%7,3\u2019ten %6,3\u2019e s\u0131\u00e7rayarak b\u00fcy\u00fcmeye d\u00f6nd\u00fc. PMI 55,2 teyidiyle OMX30 ve SEK lehine, EUR\/SEK sat\u0131\u015f stratejileri \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":47744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-48486","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\/48486","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=48486"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/48486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47744"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=48486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=48486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=48486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}