\u0130talya\u2019n\u0131n mevsimsellikten ar\u0131nd\u0131r\u0131lmam\u0131\u015f (N.S.A.) sanayi sat\u0131\u015flar\u0131 May\u0131s ay\u0131nda y\u0131ll\u0131k bazda %5,3 artt\u0131; \u00f6nceki verideki %3,2 seviyesinden h\u0131zland\u0131. Bu ivmelenme, ay boyunca sanayi sekt\u00f6r\u00fcnde nominal ciroda daha g\u00fc\u00e7l\u00fc bir g\u00f6r\u00fcn\u00fcme i\u015faret ediyor.<\/p>\n
A\u00e7\u0131klama, y\u0131ll\u0131k bazda N.S.A. verilere ili\u015fkindir. Man\u015fet rakamlar\u0131n yan\u0131nda ilave bir k\u0131r\u0131l\u0131m payla\u015f\u0131lmad\u0131.<\/p>\n
Avrupa piyasas\u0131n\u0131 yak\u0131ndan izliyoruz; zira \u0130talya\u2019n\u0131n sanayi sat\u0131\u015flar\u0131 May\u0131s\u2019ta y\u0131ll\u0131k bazda %5,3\u2019e y\u00fckselerek \u00f6nceki aydaki %3,2\u2019nin \u00fczerine \u00e7\u0131kt\u0131. Euro B\u00f6lgesi\u2019nin \u00fc\u00e7\u00fcnc\u00fc b\u00fcy\u00fck ekonomisindeki bu g\u00fc\u00e7l\u00fc geni\u015fleme, imalat talebinin ba\u015flang\u0131\u00e7ta endi\u015fe edilenden \u00e7ok daha diren\u00e7li oldu\u011funa i\u015faret ediyor. Bu nedenle, t\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131n\u0131n \u00f6n\u00fcm\u00fczdeki haftalarda euro ve Euro B\u00f6lgesi tahvil getirileri \u00fczerinde yukar\u0131 y\u00f6nl\u00fc bask\u0131 ihtimaline haz\u0131rlanmas\u0131 gerekti\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz.<\/p>\n
Tarihsel olarak, \u0130talya\u2019da g\u00fc\u00e7l\u00fc sanayi performans\u0131, enflasyonu kontrol alt\u0131nda tutmak amac\u0131yla Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) daha s\u0131k\u0131 bir para politikas\u0131 duru\u015fuyla korelasyon g\u00f6sterir. ECB\u2019nin faiz indirimlerine ba\u015flamas\u0131, 2024 sonlar\u0131nda kilit mevduat faizini %3,25\u2019e \u00e7ekmesi ve 2025 boyunca politikay\u0131 esnek tutmas\u0131n\u0131n ard\u0131ndan, sanayide toparlanma sinyalleri politika yap\u0131c\u0131lar\u0131n ilerideki faiz indirimlerine ara vermesine neden olabilir. Bu g\u00fc\u00e7lenmeyi de\u011ferlendirmek ad\u0131na, son diren\u00e7 seviyelerinin \u00fczerinde bir k\u0131r\u0131l\u0131m hedefiyle EUR\/USD opsiyonlar\u0131nda uzun pozisyonlar\u0131n g\u00fcndeme al\u0131nmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n
Ayr\u0131ca, sanayi ve finans hisselerinin a\u011f\u0131rl\u0131kta oldu\u011fu \u0130talyan FTSEMIB endeksinde oynakl\u0131\u011f\u0131n artmas\u0131 muhtemel. T\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131 bunu, \u0130talyan b\u00fcy\u00fck \u00f6l\u00e7ekli hisselerde k\u0131sa vadeli al\u0131m (call) opsiyonlar\u0131 alarak veya yukar\u0131 y\u00f6nl\u00fc momentumu yakalarken riski s\u0131n\u0131rlamak i\u00e7in bo\u011fa al\u0131m spread\u2019leri (bull call spread) kullanarak de\u011ferlendirebilir. Sanayi aktivitesindeki art\u0131\u015f\u0131n genellikle getirileri yukar\u0131 \u00e7ekmesi nedeniyle, \u0130talyan devlet tahvillerinde (BBTs) olas\u0131 bir sat\u0131\u015f dalgas\u0131na kar\u015f\u0131 da hedge yap\u0131lmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n\n\n\n
Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":" \u0130talya\u2019n\u0131n NSA sanayi sat\u0131\u015flar\u0131 May\u0131s\u2019ta %5,3\u2019e h\u0131zland\u0131 (\u00f6nceki %3,2). Dikkat: talep diren\u00e7li, euro ve tahvil getirilerinde yukar\u0131 bask\u0131 artabilir; FTSEMIB\u2019de oynakl\u0131k, opsiyonlarla f\u0131rsat.<\/p>\n","protected":false},"author":87,"featured_media":50066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51929","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t