Daily Bulletin

Good morning. The weakness in global risk appetite continues. The U.S. temporarily suspending additional tariffs on Mexico and Canada for a month led to buying in the stock markets yesterday. However, this morning, futures index contracts are once again significantly in negative territory. At Borsa Istanbul, despite seeing a rebound up to 9,900 yesterday, we closed the day at 9,807 points. The weak momentum in BIST...
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Good morning. The U.S. decision to suspend additional tariffs on Mexico and Canada for one month has led to buying activity in global markets. However, despite a rebound from losses of around 2%, U.S. and European stock markets still closed in negative territory. Meanwhile, U.S. and European futures, along with Asian markets, are in positive territory this morning. At Borsa Istanbul, sharp sell-offs were observed...
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Good morning. The United States' increase in tariffs on Mexico, Canada, and China is putting pressure on global markets. Leading up to and following the elections, the U.S. has consistently signaled updates to tariff policies. However, the actual implementation of these measures is now triggering negative pricing in the markets. Mexico, Canada, and China have responded with varying tones, but we can say that a...
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Good morning. We are generally seeing a buying trend in international markets. On the other hand, Borsa Istanbul closed flat yesterday, but today we expect a rebound towards the 10,100 - 10,200 range. Today is the last trading day for January-term equity contracts traded on VIOP, so closing transactions in arbitrage positions may create some selling pressure. According to the data released by the Central Bank...
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Good morning. As expected, the Fed kept its policy rate unchanged within the 4.25% - 4.50% range. The phrase "progress has been made in easing inflation" was removed from the statement, which can be interpreted as a hawkish signal. However, the market had already priced in the Fed's stance, expecting only one rate cut this year, likely in early June. Therefore, the Fed's decision does not have a...
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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...
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Good morning. In the U.S., the Chinese AI assistant "DeepSeek" caused a sharp sell-off in technology companies yesterday, while industrial companies showed a bullish trend. Estimates suggest that the market value of technology companies could shrink by up to $1 trillion. We do not expect a long-term or persistently suppressive effect on global markets. This morning, European futures and Asian markets are...
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Good morning. The global markets are experiencing a shock with the rise of the Chinese AI assistant "DeepSeek." Challenging the throne of ChatGPT, developed by US-based OpenAI, DeepSeek has climbed to the top of the Apple Store charts, raising doubts about the US and chip manufacturer Nvidia’s leadership in this field. This development is particularly noteworthy as it coincides with a period when US tech...
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