Bist / Viop Analysis dated 18.03.2020

THE EFFECTS OF THE VIRUS CONTINUE TO DEEPEN GLOBALLY.

Bist / Viop Analysis dated 18.03.2020 coronavirus caught and identified the total number of cases worldwide 200 thousand reached the dam while the number of those who lost their lives reached 80 thousand. New measures have been added to prevent the spread of the coronavirus worldwide. The EU has closed its borders to other countries. EU leaders have approved a 30-day temporary restriction on the "non-essential" travel of third-country citizens to EU member states and the Schengen area. UEFA, however, postponed the Euro 2020 European Football Championship until 2021 after its meeting and temporarily suspended champions and Europa League matches. The number of cases at home was 98, while Health Minister Fahrettin Koca announced at a press conference last night that an 89-year-old citizen had died. After the Fed went to emergency interest rate cuts in CBRT. The Monetary Policy Board, scheduled to convene on March 19, 2020, met urgently today to assess the possible economic and financial impact of the coronavirus, reducing the one-week repo tender interest rate from 10.75 percent to 9.75 percent. The Monetary Policy Board pointed out that the coronavirus outbreak undermined the global growth outlook and that both developed and developing country central banks had taken coordinated steps in the direction of expanding. The board stressed that the continuation of the healthy functioning of financial markets, credit channels and cash flow of firms is of great importance in order to limit the negative effects of the developments related to the epidemic on the Turkish economy. In addition to the central interest rate reduction; By increasing the limits on the liquidity available in open market transactions, it is announced that swap auctions with 1.3 and 6 months ' duration will be held. If all or part of the bids won in the swap auctions to be held by the quantity auction method are resisted by the banks, they may also be finalized as repurchase transactions in the interbank money market under the same conditions. In this context, the center will be able to provide Turkish lira liquidity through repo auctions up to 91 days maturity, at an interest rate of 150 basis points below the one-week term repo tender interest rate, which is the CBRT policy interest rate. He will also chair a comprehensive coordination meeting chaired by President Erdogan today in the framework of combating the new type of coronavirus. After the meeting, Erdogan will inform the public about the steps that should be taken with nation-state unity. The details of the decisions are expected to include support for companies and new measures to be taken to combat the virus. The United States has announced its most comprehensive package of support to date, following Germany and France's package aimed specifically at small businesses that have suffered job losses due to coronavirus. The White House has announced that $ 1.2 trillion will be injected into the economy to avert the epidemic-induced recession and curb the rise in the unemployment rate. With the introduction of fiscal policy, the markets are beginning to see signs of recovery, albeit for a short time. The S&P 500 index closed Tuesday with a 6% rise after Trump announced the giant package. S & P futures are down more than 3% at the time of writing, indicating that some of yesterday's gains could be returned. U.S. 10-year Treasury bond yields rose 36 basis points to over 1% after the Plan was announced. Trading at 1% levels again this morning. In Asia, however, the rise is striking. Japan's Topix is up 2.7%, Hong Kong's Hang Seng is up 0.1%, while the Shanghai Composite is up 1.25%. BIST100 The XU100 index finished the second trading day of the week at 86.778 with a 1.26% drop on the day of 9.1 billion TL trading volume, while the banking index rose 2.39% and the holding index lost 2.50%. After the FED, the CBRT went to an emergency rate cut. The Monetary Policy Board, scheduled to convene on March 19, 2020, met urgently yesterday to assess the possible economic and financial impact of the coronavirus, reducing the one-week repo tender interest rate from 10.75 percent to 9.75 percent. After the decision of the CBRT, we expect the index to pick up on the new day with its impact on US futures and Asian markets. We will continue to closely monitor the news feed on the coronavirus. The index, which tested below the 82,000 level on the last trading day, recovered for the rest of the day and recouped some of its losses. In order for the recovery to continue on the new day, persistence needs to be achieved above the 87,900 level. Support levels of 85,000 and 83,500 will follow if the withdrawal continues. Supports: 85.000 / 83.500 / 82.000 Resistors: 87.900 / 90.000 / 92.500 VIOP 30 INDEX FUTURES CONTRACT April futures index 30 contract finished the second trading day of the week at 106.950, up 0.30%. Although 30 contracts tested below the 100,000 level within days, the index futures for April, which we saw under the influence of the fluctuating course in Asian markets, managed to recover its losses by recovering both after the positive weather in global markets and the CBRT's interest rate decision. We will continue to closely monitor the news flow regarding the coronavirus on the new trading day in markets where the measures taken due to the ongoing outbreak concerns around the world continue to be directed. The contract, which tested below the 100,000 level yesterday, managed to wrap up the rest of the day and close the day in surplus. In order for the recovery to continue on a new day, persistence needs to be achieved above 107,500. If the withdrawal continues, support levels of 106.250 and 105.500 will follow. Supports: 106.250 / 105.500 / 103.000 Resistors: 107.500 / 108.700 / 109.500 USDTRY FUTURES CONTRACT The USDTRY contract futures for March ended the last trading day down 0.11% at 6.4328. Health Minister Fahrettin Koca has announced that the number of cases in Turkey has risen to 47 as the effects of the virus spread in global markets continue. Yesterday, the Central Bank of the Republic of Turkey held an emergency meeting and cut the interest rate by 100 basis points and pulled the policy interest rate to 9.75 percent. The contract, which continues its normal pricing following the move of the center, remains on a bullish trend, although there is a relaxation towards the end of the day. On the third day of the week, we will continue to follow the news with the virus axis. Continuing the upward trend that it started last trading week, the March futures contract USDTRY closed the day at 6.52, up from 6.40. We will follow resistance levels of 6.48 and 6.52 if the contract continues to rise. Possible withdrawal levels are 6.38 and 6.35. Supports: 6.4000 / 6.3825 / 6.3550 Resistors: 6.4870 / 6.5250 / 6.5500 OUNCE GOLD FUTURES CONTRACT The April futures gold contract ended the week's first trading day up 3.44% at 1551. At the beginning of the week, the FED's surprise 100% point interest rate cut and the funding interest rate to be between 0 and 0.25 percent and the commitment to increase bond purchases by at least 700 billion dollars caused the sales to deepen in the contract. The pressure in Gold may continue for a while even though the concerns that the central banks' continuation of the urgent incentive measures will not be enough to improve the rapidly deteriorating economic outlook and the calls for collateral completion as a result of the increase. Back up to 1468 level on the last trading day, the contract turned its direction up with purchases from this level and managed to close yesterday in surplus after six trading days of continuous declines. If the contract recovery continues, we will follow resistance levels of 1563 and 1575. Possible withdrawal levels are 1543 and 1535. Supports: 1543 / 1535 / 1527 Resistors: 1563 / 1575 / 1587 SHARE NEWS The order of PMVR3.G was closed after the operations on 17.03.2020 (at the end of the day). From ULUSE.E shares to transactions dated 18/03/2020 (from the beginning of the session) to transactions dated 01/04/2020 (from the end of the session), a gross settlement will be applied.