Daily Bulletin

Good morning. Although the Fed minutes indicated that rate cuts could continue, the U.S. government shutdown process is still ongoing, and no short-term resolution appears likely. Despite this, buying interest in AI-focused technology companies led to further gains on Wall Street yesterday. U.S. and European futures are trading flat this morning but appear to be in search of direction, while Asian markets are...
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Good morning. Although concerns about elevated valuations, particularly in U.S. technology stocks, persist across global markets, we have yet to observe a notable wave of selling. Despite yesterday’s losses on Wall Street, U.S. futures are trading in positive territory this morning, European futures are flat, and Asian markets are generally higher. At Borsa Istanbul, following a nearly 500-point decline over tshe...
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Good morning. Global risk appetite remains balanced. U.S. futures are slightly negative, while European futures trade mildly positive; the open Asian markets are generally on the buy side. Key themes attracting market attention include the timing of a full resumption of public services in the U.S., the potential scale of temporary layoffs, and whether these developments might influence expectations for Fed rate...
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Good morning. As the U.S. “government shutdown” enters its sixth day, global markets this morning are focused on the leadership change within Japan’s ruling party. Sanae Takaichi, who is set to become Japan’s first female prime minister, is known for favoring loose monetary conditions and a weak yen—factors viewed as supportive for global equities. This morning, U.S. and European markets, along with open Asian...
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Good morning. Global risk appetite remains broadly positive. In the U.S., expectations that the government shutdown will not be prolonged and buying interest in technology stocks continue to support Wall Street. U.S. and European futures, along with Asian equities, are trading higher this morning. At Borsa Istanbul, following nearly 3.5% gains from the day’s lows the previous session, profit-taking yesterday led to...
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Good morning. Despite the initiation of the process of suspending non-essential government activities in the U.S. (government shutdown) and the significant uncertainty about its duration, U.S. equities continue to rise. The prevailing view remains that the situation will not last long and will not inflict material damage on the U.S. economy. However, as time passes and no resolution emerges, we may see selling...
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Good morning. In the U.S. Senate, the failure to approve the relevant funding plan has triggered a “government shutdown” process, which could disrupt non-essential public services and lead to unpaid furloughs. U.S. equities, which closed positively yesterday, are trading notably lower in futures this morning. European futures and open Asian markets, however, are showing a more balanced outlook. On Borsa Istanbul,...
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Good morning. Global risk appetite is balanced this morning, though it is worth noting that U.S. and European equities closed higher yesterday. In Borsa Istanbul, however, after a negative opening and a brief recovery attempt, the index ended the day down 0.92% at 11,048 points. On the institutional side, outflows remain limited, while modest foreign inflows were observed. From a technical perspective, following a...
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