Daily Bulletin

Good morning. Global equity markets are starting the first trading day of 2026 on a mixed but broadly optimistic note. Ongoing expectations of rate cuts by the Fed, upward revisions to growth forecasts, generally solid corporate financials, and positive revisions to profitability expectations continue to support equity markets. Sensitivity to geopolitical developments and the macroeconomic outlook, and the...
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Good morning. A thin year-end trading environment with limited market participation continues to prevail across global equity markets. Signals in the Fed minutes suggesting a period of pause following the December rate cut have played a key role in the loss of momentum, as markets now price the next initial rate cut for June 2026. That said, liquidity injections into the financial system via bond purchases are...
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Global equity markets are displaying a weaker tone this morning. The softness is driven by limited news flow, declining year-end market participation, and partial profit-taking from peak levels. In Borsa Istanbul, we saw a more pronounced pullback relative to global peers, with the index closing yesterday at 11,150. While the banking sector remained broadly resilient, selling pressure was more evident across...
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Good morning. Trading activity in global markets remains thin and range-bound amid year-end conditions. This effect is more pronounced in U.S. markets. In contrast, European futures and Asian equities have started the new week with relatively stronger risk appetite. In Borsa Istanbul, despite strong fund inflows and increased trading volume on Friday, the BIST 100 Index underperformed as inflows were largely...
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Good morning. Holiday effects continue to dominate global markets. U.S. equity markets were closed yesterday; today is a federal holiday, although stock exchanges will remain open. Futures are trading flat. In Europe, all major markets—including Germany, France, the UK, Italy, and Spain—will be closed today. In Asia, buying interest is notable in markets that remain open. In Borsa Istanbul, despite a full trading...
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Good morning. U.S. equity markets closed yesterday at record highs ahead of today’s Christmas holiday. Global risk appetite is flat this morning, with holiday effects becoming more pronounced. Nevertheless, expectations for the coming year continue to point to a positive trend across both U.S. and European equity markets. In Borsa Istanbul, the BIST 100 Index rose by 0.44% yesterday, moving back above the 11,300...
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Good morning. Although markets in the US will remain open as of tomorrow, the year-end lethargy driven by the declaration of an administrative holiday has already started to manifest itself through lower trading volumes, narrower price ranges, and directionless price action. This environment may persist into January. Looking at this morning’s market tone, US and European futures are flat, while Asian markets are...
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Good morning. Global risk appetite remains constrained, and the overall outlook points to a mildly negative opening. In the U.S., markets will be fully closed tomorrow due to the Christmas holiday. In addition, today and Friday have been declared federal holidays. Markets will remain open on these two days; however, trading activity is expected to be subdued. Domestically, the loss of momentum persists. While key...
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