{"id":69898,"date":"2026-10-19T06:51:35","date_gmt":"2026-10-19T06:51:35","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/global-markets-turn-defensive-as-tech-slides-brent-hovers-near-110-and-france-uk-risks-mount\/"},"modified":"2026-10-19T06:51:35","modified_gmt":"2026-10-19T06:51:35","slug":"global-markets-turn-defensive-as-tech-slides-brent-hovers-near-110-and-france-uk-risks-mount","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/global-markets-turn-defensive-as-tech-slides-brent-hovers-near-110-and-france-uk-risks-mount\/","title":{"rendered":"Teknolojideki d\u00fc\u015f\u00fc\u015fle k\u00fcresel piyasalar defansife ge\u00e7erken, Brent 110 dolar seviyesine yak\u0131n seyrediyor; Fransa-\u0130ngiltere kaynakl\u0131 riskler art\u0131yor"},"content":{"rendered":"

K\u00fcresel piyasalar haftaya, ABD hisse senetlerindeki sert sat\u0131\u015f dalgas\u0131n\u0131 h\u00e2l\u00e2 sindirerek ba\u015flad\u0131. Para ak\u0131\u015f\u0131 teknoloji hisselerinden \u00e7\u0131k\u0131p \u0130svi\u00e7re ve Birle\u015fik Krall\u0131k endekslerine y\u00f6nelirken, teknoloji taraf\u0131 zay\u0131flad\u0131. Savunma ama\u00e7l\u0131 talebin yeniden belirginle\u015fmesiyle, ABD Hazine tahvillerinin \u00f6nc\u00fcl\u00fc\u011f\u00fcnde devlet tahvilleri y\u00fckseldi. Brent\u2019in, Rus enerji altyap\u0131s\u0131na y\u00f6nelik sald\u0131r\u0131lar ve Orta Do\u011fu\u2019daki t\u0131rman\u0131\u015f\u0131n ard\u0131ndan haftay\u0131 varil ba\u015f\u0131na 110 dolar\u0131n hemen alt\u0131nda kapatmas\u0131yla, ham petrol risk arka plan\u0131n\u0131 daha da g\u00fc\u00e7lendirdi. Birle\u015fik Krall\u0131k\u2019ta dikkatler gelecek haftaki B\u00fct\u00e7e\u2019ye \u00e7evriliyor. Banka k\u00e2rlar\u0131na %8\u2019e kadar ek vergi\/s\u00fcrprim ihtimaline ili\u015fkin haberlerin ard\u0131ndan Hazine\u2019nin hafta sonu mesajlar\u0131 s\u0131n\u0131rl\u0131 kald\u0131. Banka hisseleri cuma g\u00fcn\u00fc geriledi; ancak hareketler s\u0131n\u0131rl\u0131yd\u0131: NatWest ve Lloyds her biri %1 d\u00fc\u015ft\u00fc. Giltler yatay seyretti; 10 y\u0131ll\u0131k getiriler ekim ay\u0131nda \u015fu ana kadar 5 baz puan geriledi.<\/p>\n\n

Fransa\u2019da hafta sonu ya\u015fanan huzursuzluklar\u0131n ard\u0131ndan \u00fclke yeniden oda\u011fa girdi. \u0130\u015flemciler, h\u00e2lihaz\u0131rda 135 baz puan\u0131n \u00fczerinde olan Fransa\u2013Almanya devlet tahvili spread\u2019ini izlerken, mali s\u0131k\u0131la\u015fma planlar\u0131n\u0131n artan sosyal bask\u0131yla \u00e7ak\u0131\u015fmas\u0131 nedeniyle 150 baz puana do\u011fru bir hareketi fiyatlayan pozisyonlanmalar da g\u00f6r\u00fcl\u00fcyor. Euro ge\u00e7en hafta dolar kar\u015f\u0131s\u0131nda hafif zay\u0131flad\u0131 ve bu haftaya 1,12 dolar\u0131n alt\u0131nda ba\u015flad\u0131. ABD\u2019de bilan\u00e7o sezonu Netflix, Meta ve Tesla ile s\u00fcr\u00fcyor; piyasalar, sonu\u00e7lar\u0131 yeniden y\u00fckselen yapay zek\u00e2 (AI) oynakl\u0131\u011f\u0131yla birlikte de\u011ferlendiriyor. Philadelphia Yar\u0131 \u0130letken Endeksi ge\u00e7en hafta %12 gerilerken, G\u00fcney Kore Kospi %16 d\u00fc\u015ft\u00fc; Meta %2 gerilerken CoreWeave\u2019de kay\u0131p %25\u2019e, SanDisk\u2019te %20\u2019ye ula\u015ft\u0131. Ayr\u0131 olarak Nasdaq 100, 50 g\u00fcnl\u00fck basit hareketli ortalamas\u0131n\u0131n (SMA) alt\u0131na sarkarak \u00e7ok ayl\u0131k trend \u00e7izgisini a\u015fa\u011f\u0131 k\u0131rd\u0131.<\/p>\n\n

Piyasa G\u00f6r\u00fcn\u00fcm\u00fc ve Defansif Konumlanma<\/h3>\n\n

ABD hisselerindeki bask\u0131 s\u00fcrerken ve enerji piyasalar\u0131 gergin kalmaya devam ederken, piyasada dalgalanmalar\u0131n devam\u0131na haz\u0131rl\u0131kl\u0131 olmal\u0131y\u0131z. Jeopolitik \u015foklar e\u015fli\u011finde Brent petrol varil ba\u015f\u0131na 110 dolar civar\u0131nda seyrederken, tarihsel olarak 100 dolar \u00fczerindeki s\u0131\u00e7ramalar takip eden \u00e7eyreklerde man\u015fet enflasyonu genellikle %0,5 ila %1,0 art\u0131rd\u0131. Risk-on teknoloji pozisyon riskini, devlet tahvilleri gibi defansif g\u00fcvenli limanlara veya geni\u015f bazl\u0131 enerji vadeli i\u015flemlerine (futures) a\u011f\u0131rl\u0131k vererek hedge edebiliriz.<\/p>\n\n

Ge\u00e7en hafta Philadelphia Yar\u0131 \u0130letken Endeksi\u2019nin %12 d\u00fc\u015ft\u00fc\u011f\u00fc ve Nasdaq 100\u2019\u00fcn 50 g\u00fcnl\u00fck hareketli ortalamas\u0131n\u0131 k\u0131rd\u0131\u011f\u0131 sert geri \u00e7ekilmenin ard\u0131ndan, k\u0131sa vadede \u00e7ip \u00fcreticileri i\u00e7in a\u015fa\u011f\u0131 y\u00f6nl\u00fc riskler g\u00f6r\u00fcyoruz. Tarihsel olarak Nasdaq\u2019\u0131n, yar\u0131 iletken g\u00f6stergelerdeki sert d\u00fc\u015f\u00fc\u015flerle birlikte kritik trend \u00e7izgilerinin alt\u0131na indi\u011fi d\u00f6nemlerde endeksler dip olu\u015fturmadan \u00f6nce ortalama %3 ila %5 ilave geri \u00e7ekilme ya\u015f\u0131yor. Meta ve Tesla gibi hyperscaler\u2019lar\u0131n yakla\u015fan bilan\u00e7olar\u0131n\u0131n izlenmesini; bilan\u00e7o kaynakl\u0131 oynakl\u0131\u011f\u0131 y\u00f6netmek veya sert d\u00fc\u015fm\u00fc\u015f \u00e7ip hissesi de\u011ferlemelerinde olas\u0131 toparlanmaya pozisyon almak i\u00e7in opsiyon stratejilerinin kullan\u0131lmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n\n

Avrupa Getiri Spread\u2019leri ve Birle\u015fik Krall\u0131k Piyasa Riskleri<\/h3>\n\n

Avrupa bor\u00e7lanma ve d\u00f6viz piyasalar\u0131nda, Fransa\u2019daki sosyal huzursuzluk 10 y\u0131ll\u0131k Frans\u0131z-Alman getiri fark\u0131n\u0131 150 baz puana do\u011fru itiyor; bu seviye, 50\u201360 baz puanl\u0131k \u00e7ok y\u0131ll\u0131k ortalaman\u0131n belirgin \u015fekilde \u00fczerinde. \u00d6zellikle siyasi par\u00e7alanman\u0131n yakla\u015fan mali s\u0131k\u0131la\u015fma planlar\u0131n\u0131 tehdit etmesiyle, euronun 1,12 dolar\u0131n alt\u0131na zay\u0131flamas\u0131n\u0131n s\u00fcr\u00fcp s\u00fcrmeyece\u011fi izlenmeli. Bu geni\u015fleyen getiri fark\u0131ndan, Avrupa d\u00f6viz paritelerinde ABD dolar\u0131 kar\u015f\u0131s\u0131nda k\u0131sa pozisyon alarak veya devlet tahvili vadeli i\u015flemlerinde g\u00f6reli de\u011fer (relative-value) i\u015flemleriyle faydalanabiliriz.<\/p>\n\n

Birle\u015fik Krall\u0131k B\u00fct\u00e7esi gelecek hafta yakla\u015f\u0131rken, FTSE 100\u2019deki son g\u00f6reli g\u00fcce ra\u011fmen Birle\u015fik Krall\u0131k banka hisselerinde temkinli duru\u015fun korunmas\u0131n\u0131 \u00f6neriyoruz. Yerli bankalara %8 k\u00e2r s\u00fcrprimi vergisi s\u00f6ylentileri, 10 y\u0131ll\u0131k Gilt getirileri bu ay \u015fu ana kadar 5 baz puan d\u00fc\u015fm\u00fc\u015f olsa bile ge\u00e7ici sat\u0131\u015flar\u0131 tetikleyebilir. Resm\u00ee maliye a\u00e7\u0131klamalar\u0131 \u00f6ncesinde s\u0131k\u0131 risk limitleriyle, Birle\u015fik Krall\u0131k banka hisselerinde k\u0131sa vadeli geri \u00e7ekilmeleri al-sat f\u0131rsat\u0131 olarak de\u011ferlendirebiliriz.<\/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":"

Wall Street\u2019te sat\u0131\u015f dalgas\u0131 s\u00fcrerken para teknoloji hisselerinden \u0130svi\u00e7re\/\u0130ngiltere\u2019ye kay\u0131yor. Tahviller y\u00fckseliyor, Brent 110 dolara yak\u0131n. Fransa spreadi 150 bp riski, euro zay\u0131f; bilan\u00e7olarla oynakl\u0131k art\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":69897,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-69898","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