%0 Journal Article %T Examining the Relationship between Consumer Confidence Index and Borsa Istanbul Sector Indices %A Kemal EY¨¹BO£¿LU %A Sinem EY¨¹BO£¿LU %J - %D 2018 %X Decisions of consumers based on psychological factors affect the income of the companies and thus the financial markets. In this respect, there should be a close relationship between consumer confidence and macroeconomic parameters. Consumer Confidence Index is one of the leading indicators of consumers¡¯ expectation about economy. In this paper the relationship between the consumer confidence index and 18 Borsa Istanbul indexes has been examined for the period of 2006:01-2016:11. The cointegration relationship between the variables determined to be stationary at different orders is examined by the Bound Test. Results showed that there is a long-term relationship between the Consumer Confidence Index and all stock indexes in the study. In addition, it is determined that the increase in the consumer confidence index affects 9 index¡¯ returns positively in the short term. Causality results show that stock indices are the cause of consumer confidence %K T¨¹ketici G¨¹veni %K Sekt£¿r Endeksleri %K S£¿n£¿r Testi %K Toda ve Yamamoto Nedensellik Testi %U http://dergipark.org.tr/deuiibfd/issue/42620/513753