Web sitemizi kullanabilmek için javascript özelliğini etkinleştirmeniz gerekmektedir.

Daily Bulletin

Tacirler Investment

Good morning. Following strong employment and growth data in the US, expectations for rate cuts from the Fed have been postponed to later dates. A few months ago, markets were expecting 5-6 rate cuts from the Fed this year, but now they anticipate only one rate cut. While markets had projected this cut for June, after yesterday’s data, expectations have shifted to the July meeting. If employment and growth-related data in the US continue to come in strong, expectations for rate cuts may be postponed further; in fact, if the policies pursued during the Trump era turn out to be more inflationary than expected, expectations for a "rate hike" from the Fed could even come into play. Turning to the markets, US futures are slightly positive this morning, Europe is flat, and Asia is in negative territory. On Borsa Istanbul, we saw a decline below the 10,000 level yesterday due to foreign-linked sell-offs. While we expect a more balanced market today, sales aimed at generating liquidity due to two separate IPOs with a combined size of 5.7 billion TL could put pressure on the stock market. From a technical perspective, 9,920 and 9,780 are support levels to watch, while 10,090 and 10,160 serve as resistance levels. On today’s agenda: domestically, the cash budget balance; in Europe, sentiment indices and PPI data; and in the US, ADP private sector employment figures and Fed minutes will be closely monitored. Turkey’s 5-year CDS premiums start the day at 264 basis points.

Detailed PDF   -   173 KB
Your transaction is being processed. Please wait.