Automotive Market Grows 387,5 Percent in July

the automotive market grew by a percentage in july
the automotive market grew by a percentage in july

According to the data of the Automotive Distributors Association (ODD), the automobile and light commercial vehicle market grew by 387,5 percent in July.


According to the data of the Automotive Distributors Association (ODD), the automobile and light commercial vehicle market grew by 387,5 percent in July. In July, the passenger car and light commercial vehicle market rose 387,5 percent to 87 thousand 401 units, automobile sales rose 350,9 percent to 69 thousand 427 units, while light commercial vehicle sales increased 610,7 percent to 17 thousand 974 units.

Turkey sees emerging market equities compared to 55 percent discounted stock transaction. The BIST100 Index's price / forecast earnings (F / K) ratio fell to a record low over the past three months compared to the MSCI Emerging Markets Index. Following the liquidity shortage in Turkish Lira abroad, foreign investors sell in stocks and other TL-denominated assets.

"The recovery in the labor market slowed in July," said Ahu Yildirimmaz, vice president and co-director of the ADP Research Institute. “We see the stagnation effect in business areas of all scales and sectors.” In July, according to the employment processor ADP report, the US private sector created 167,000 jobs, slowing compared to the previous month, as the increase in Kovid-19 cases hampered the opening plans of many states. Last week, the first increase in unemployment figures was seen for the second time in a row, while the ongoing applications increased the most since May, so it was stated that it may be an indication that non-agricultural employment for August will be negative.

US Treasury Secretary Steven Mnuchin said that the White House and democrats are aiming to sign an agreement on the deal that will mitigate the effects of the pandemic, even if the two sides are experiencing major differences in key issues by the end of the week.

In July, the commodity market rose 33,1 percent and earned the most for its investors, while the only loser for its investor was 4,3 percent, and corn was the one to lose. While silver being seen as a safe haven was the reason for this increase, Brent oil was the biggest loss in the last 7 months. With the pandemic, the decrease in demand for brent oil due to the decrease in economic activity was the reason for the depreciation in prices. With the expansionary steps taken by the world's leading central banks during the year against Kovid-19 after the silver and the second wave concerns in the epidemic, ounce of gold gained 30 percent in this period, while the possible economic and social effects of the epidemic, the tension between the USA and China and the troubled situation of the US labor market were also factors that supported the ounce price of gold.

BIST 100:

The BIST 1095,29 index, which started the day at 100, saw the highest 1100,56 and the lowest 1066,13 levels during the day. BIST 100 index, which is about to close, is moving at the level of 1090,25 at these hours. It is preparing to close the day with an increase of 0,28 percent. The daily trading volume of the index is approximately 20,0582 billion TL. The first resistance of the index is at the level of 1131,98.

Support: 1053,63 - 1020,09 - 975,28

Resistance: 1131,98 - 1176,79 - 1210,33

Company News

Aselsan (ASELS): In Ankara, 1 person was killed and 9 injured as a result of the passenger bus hitting the shuttle vehicle carrying ASELSAN employees.

Zorlu Energy (ZOREN): Zorlu Energy Solutions (ZES), one of the biggest investments of Zorlu Energy, announced that today it provides service in 266 cities with 100 new electric car charging stations opened in 56 locations.

Borusan Yatırım (BRYAT): In BRYAT.E shares, gross settlement will be applied from transactions dated 05/08/2020 (beginning of session) to transactions dated 19/08/2020 (end of session).

USDTRY:

Starting the day at the level of 6,9015000, USDTRY saw the highest 7,0529300 and the lowest 6,8983550 levels during the day. The exchange rate, which is moving at the level of 7,0364400, is preparing to close the day with an increase of 1,97 percent. The initial resistance of the pair is at the level of 6,9581730.

Support: 6,8661530 - 6,8316070 - 6,7741330

Resistance: 6,9581730 - 7,0156460 - 7,0501930

EURTRY:

Starting the third trading day of the week at 8,1729550, the EURTRY rate saw the highest 8,3936600 and the lowest 8,1536050 during the day. The exchange rate, which is moving at the level of 8,3850960, is preparing to close the day with an increase of 2,51 percent. The initial resistance of the pair is at 8,2378840.

Support: 8,1214240 - 8,0629460 - 8,0049630

Resistance: 8,2378840 - 8,2958670 - 8,3543430

EURUSD:

Starting the day at 1,1802100 level, the EURUSD parity saw the highest 1,1900100 and the lowest 1,1792500 during the day. The pair, which moves at the level of 1,1893150, is preparing to close the day with an increase of 0,79 percent. The initial resistance of the pair is at 1,1829770.

Support: 1,1745570 - 1,1691330 - 1,1661370

Resistance: 1,1829770 - 1,1859730 - 1,1913970

XAUUSD:

Starting the day at 2020, the ounce saw the highest 2048 and the lowest 2010 levels during the day. Precious metal, which is moving at the level of 2045, is preparing to close the day with 1,29 percent increase. The first resistance for ounce gold is at the 2037 level.

Support: 1985 - 1950 - 1933

Resistance: 2037 - 2054 - 2089

BRENT:

Brent oil, which started the third trading day of the week at 44,43450, saw the highest 46,34100 and the lowest 44,35950 during the day. Moving at 46,17050, the commodity is preparing to close the day with a 3,91 percent increase. The first resistance for Brent oil is at the level of 45,11117.

Support: 43,55267 - 42,67183 - 41,99417

Resistance: 45,11117 - 45,78883 - 46,66967

Resource İnvestaz Investment
Hibya News Agency



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