Daily Bulletin

Good morning. In the U.S. stock markets, particularly in technology stocks, rebound buying was notable yesterday. Following the DeepSeek shock, news and commentary suggesting that low-cost artificial intelligence applications could be particularly beneficial for industrial companies supported the markets. As we look at this morning, U.S. futures are trading flat, while European markets, after closing positively yesterday, are also showing a positive trend in futures. In Asia, buying activity is generally observed as well. In Borsa Istanbul, the struggle to hold above the 10,000 level was evident yesterday, and the index closed the day at 10,121. We expect the positive trend to continue today. From a technical perspective, the resistance levels to watch are 10,160 and 10,280, while support levels are at 10,080 and 10,000. The day's agenda is relatively quiet in terms of macroeconomic data. At 10:00 PM (TSI), the Fed’s interest rate decision will be closely watched. We do not anticipate a rate cut from the Fed, and no revisions to forward-looking projections are expected today. Tomorrow, the European Central Bank’s interest rate decision, along with GDP data from both the U.S. and Europe, will be in focus. Turkey’s 5-year CDS premium starts the day at 260 basis points.