{"id":3226,"date":"2025-11-26T14:22:09","date_gmt":"2025-11-26T03:22:09","guid":{"rendered":"https:\/\/www.amillex.com\/?p=3226"},"modified":"2025-12-23T19:26:25","modified_gmt":"2025-12-23T08:26:25","slug":"20251125en","status":"publish","type":"post","link":"https:\/\/www.amillex.com\/uz\/2025\/11\/26\/20251125en\/","title":{"rendered":"Amillex kundalik bozor sharhi: AQShning turli xil iqtisodiy ma&#039;lumotlari stavkalarni pasaytirish yo&#039;li bo&#039;yicha munozaralarni kuchaytirmoqda; Nvidia 5% ni pasaytirdi, oltin tortishish kuchiga qarshi chiqdi va $4,135 dan yuqoriga ko&#039;tarildi, xom neft $58 dan pastga tushdi"},"content":{"rendered":"<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<h2 class=\"wp-block-heading\">2025-yil 26-noyabr \u2014 AQSh aksiyalari aralash yakunlandi, S&amp;P 500 0.12% ga, Nasdaq 0.30% ga pasaydi va Dow 0.07% ga ko&#039;tarildi. Nvidia 5% dan ortiq pasayganligi sababli texnologiya aksiyalari bozorlarni pastga tushirdi. AQSh dollari indeksi 0.3% ga tushdi, spot oltin esa trendga qarshi $4,135\/untsiya gacha ko&#039;tarildi. WTI xom nefti 1.9% ga pasayib, $57.72\/barrelgacha tushdi va Bitcoin 1.9% ga pasayib, $87,000 belgisidan pastga tushdi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">I. Asosiy bozor harakatlari va fundamental tahlil<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">1. AQSh aksiyalari: Nvidia 5% dan oshib ketgani sababli texnologiyalar Nasdaqni pastga tushirmoqda<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">S&amp;P 500 0,12% ga pasayib, 6,697.03 ga yetdi, Dow 0,07% ga ko&#039;tarilib, 46,482.36 ga yetdi, Nasdaq 0,30% ga pasayib, 22,802.85 ga yetdi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Sektor faoliyati:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bank ETF +1.54%, Mintaqaviy Bank ETF +1.51%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Texnik ETF \u20130.91%, Yarimo&#039;tkazgich ETF \u20131.52%<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Aksiyaning asosiy jihatlari:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Nvidia \u20135%+: Sun&#039;iy intellekt chiplarining bahosi bilan bog&#039;liq ortib borayotgan xavotirlar konsentratsiyalangan foyda olishga olib keldi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Alphabet mustahkamlandi: Meta Google AI chiplarini sotib olishni rejalashtirayotgani haqida xabarlar qo&#039;llab-quvvatlandi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Makro drayverlar:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Qarama-qarshi ma&#039;lumotlar:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Sentyabr oyidagi PPI MoM ga ko&#039;tarildi, bu esa yopishqoq inflyatsiyani ko&#039;rsatmoqda.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Chakana savdo hajmi atigi 0,2% ga oshdi (kutilganidan ancha past), bu iste&#039;molchilarning zaiflashuvi va sekinlashuv xavfining ortib borayotganini ko&#039;rsatmoqda.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Siyosatdagi tafovut:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Fed gubernatori Milan agressiv stavkalarni pasaytirishni qo&#039;llab-quvvatladi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Biroq, qattiqroq inflyatsiya dovish maydonini cheklaydi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Dekabr oyidagi pasayish ehtimoli &gt;80% ga teng bo&#039;lishiga qaramay, barqarorlik noaniqligicha qolmoqda.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">2. Valyuta bozori: Dollar indeksi zaiflashmoqda; Xavfsiz valyuta bozori bosim ostida<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Dollar indeksi 0,3% ga tushdi; Bloomberg Dollar Spot indeksi ham pasaydi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Ehtiyotkorlik kayfiyati fonida 10 yillik AQSh G&#039;aznachilik obligatsiyalarining daromadliligi 4.02% atrofida saqlanib qoldi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Asosiy mantiq:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Stavkalarni pasaytirishni qayta ko&#039;rib chiqish: Chakana savdoning zaiflashishi yumshatish bo&#039;yicha kutilgan natijalarni kuchaytirdi, PPI esa dollar yo&#039;qotishlarining chuqurlashishiga yo&#039;l qo&#039;ymadi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Xavf kayfiyati: Yevropa aksiyalari yuqoriga ko&#039;tarildi (Euro Stoxx 50 +0.2%) va kapitalning bir qismi AQSh dollaridan tashqari aktivlarga aylantirildi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">3. Qimmatbaho metallar: Xavfsiz boshpana talabi ortib borayotgan bir paytda oltin trendga qarshi ko&#039;tarilmoqda<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Spot oltin narxi $4,135\/untsiya darajasida yopildi; COMEX oltin fyucherslari undan keyin yuqoriroqqa ko&#039;tarildi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Qo&#039;llab-quvvatlovchi omillar:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Ma&#039;lumotlar ziddiyati xavfdan qochishni kuchaytirdi: Pastga tushish qo&#039;rquvi + inflyatsiya noaniqligi xavfsiz boshpana oqimlarini kuchaytirdi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Fedning dovsh uslubi: Gubernator Milanning stavkalarni pasaytirish haqidagi chaqirig&#039;i real stavka bo&#039;yicha kutilgan natijalarni pasaytirdi va oltin narxini ko&#039;tardi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">4. Energetika: Talab bilan bog&#039;liq xavotirlar xom neft narxini pasaytirmoqda; WTI $58 dan pastga tushdi<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">WTI nefti 1,9% ga pasayib, $57,72\/barrelgacha tushdi; Brent ham pasaydi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Ayiq katalizatorlari:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Talabdan xavotirlar: AQShdagi chakana savdoning zaifligi global iste&#039;mol xavotirlarini kuchaytirdi; EIA inventarizatsiyasining oshishi kutilmoqda.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Ta&#039;minot bosimi: OPEC+ kelishuviga rioya qilishning pasayishi va Rossiyaning eksportni oshirishga bo&#039;lgan umidlari pastga bosimni kuchaytirdi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">5. Kripto: Xavfga ishtaha yo&#039;qolishi bilan Bitcoin deyarli 2% ga tushdi<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin \u20131.9% dan $ gacha 87 098.6; Ethereum va altkoinlar ham pasaydi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bozor kayfiyati:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Kald\u0131ra\u00e7ning yengillashishi: Asosiy qo&#039;llab-quvvatlashdan pastroq tanaffus uzoq muddatli likvidatsiyalarni keltirib chiqardi va umumiy bozor likvidatsiyalari oshdi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Makro o&#039;sish: Dollar o&#039;zgaruvchanligi va texnologik aktsiyalardagi zaiflik yuqori beta-kripto aktivlariga ta&#039;sir qildi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">6. Global aksiyalar: Osiyo va Yevropa bo&#039;ylab aralash; Nikkei 0.1% ga ko&#039;tarildi<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Osiyo-Tinch okeani mintaqasi: Nikkei 225 +0.1%, Janubiy Koreyaning KOSPI +0.3%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Yevropa: Euro Stoxx 50 +0.2%, DAX tekis, CAC 40 +0.25%.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Uzatish mantig&#039;i:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Google\u2019ning AI chiplarini ishlab chiqishdagi optimizmi texnologik kayfiyatni qo\u2018llab-quvvatladi, ammo Fed siyosatidagi noaniqlik o\u2018sish sur\u2019atlarini cheklab qo\u2018ydi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">II. Asosiy sintez<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">25-noyabr kuni bozorlar shovqinli ma&#039;lumotlar fonida xavfni qayta baholashni boshdan kechirdi: PPI va chakana savdo ko&#039;rsatkichlarining ziddiyatliligi AQShning yashirin &quot;stagflyatsiya&quot; xavflarini ta&#039;kidladi, Fed siyosatidagi kelishmovchiliklarning kengayishi esa o&#039;zgaruvchanlikni oshirdi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Asosiy mantiqiy zanjir:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Qattiq inflyatsiya siyosatni cheklaydi: PPI ning ko&#039;tarilishi xizmatlar inflyatsiyasining davom etishini ko&#039;rsatadi va Fedning &quot;shafqatsizlarcha&quot; lagerini mustahkamlaydi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Zaif iste&#039;mol sekinlashuvidan dalolat beradi: Chakana savdoning pastligi mehnat bozorining sovishini tasdiqlaydi va bu esa kaptarlarga qisqartirish uchun ko&#039;proq o&#039;q-dorilar beradi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Baholashni qayta kalibrlash: Yuqori baholash texnologiyasi (Nvidia\u2019ning keskin pasayishi bilan bog\u2018liq) va neftga talabning zaiflashishi aktivlar o\u2018rtasidagi o\u2018zaro moslashuvlarga olib keldi.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Xavf haqida ogohlantirishlar:<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">26-kundagi kutilganidan ham issiqroq PCE nashri stavkalarni pasaytirish bo&#039;yicha savdolarni bekor qilishi mumkin.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Agar Bitcoin $85,000 dan pastga tushsa, kripto bozorida yana bir deleveraj bosqichi bo&#039;lishi mumkin.<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">III. Bugungi diqqat markazida<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">AQShda ishsizlik bo&#039;yicha dastlabki da&#039;volar (22-noyabrda tugaydigan hafta)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">AQSh EIA xom neft zaxiralari ma&#039;lumotlari (21-noyabrda tugaydigan hafta)<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Yangi Zelandiya Rezerv Bankining stavka bo&#039;yicha qarori<\/h2>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>November 26, 2025 \u2014 U.S. equities ended mixed, with the S&amp;P 500 down 0.12%, the Nasdaq slipping 0.30%, and the Dow edging up 0.07%. Tech stocks dragged markets lower as Nvidia plunged more than 5%. The U.S. dollar index fell 0.3%, while spot gold surged against the trend to $4,135\/oz. WTI crude dropped 1.9% to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_front_end_style_editor":"no","ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[8],"tags":[],"class_list":["post-3226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/posts\/3226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/comments?post=3226"}],"version-history":[{"count":1,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/posts\/3226\/revisions"}],"predecessor-version":[{"id":3228,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/posts\/3226\/revisions\/3228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/media\/3227"}],"wp:attachment":[{"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/media?parent=3226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/categories?post=3226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amillex.com\/uz\/wp-json\/wp\/v2\/tags?post=3226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}