Daily Bulletin

Good morning. U.S. President Trump’s harsh criticism of Fed Chair Powell triggered a sell-off of up to 2.5% on Wall Street, while U.S. futures are showing a partial rebound this morning. European futures remain weak, whereas in Asia, buying is observed across most markets except Tokyo. Domestically, despite the policy rate standing at 46%, the Central Bank of Turkey’s Weighted Average Cost of Funding has exceeded...
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Good morning. As we begin the new week, the news flow remains subdued, partially due to holidays abroad. However, China's warning to countries cooperating with the United States stands out this morning, indicating that trade tensions continue unabated. Looking at global markets, risk appetite appears weak. U.S. futures are trading lower, and Tokyo is under pressure in Asia, while some of the other open Asian...
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Good morning. Let's begin this morning with the interest rate decision from the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (MPC). In line with our expectations, the MPC raised the policy rate from 42.5% to 46.0%, and increased the overnight lending rate (the upper bound of the interest rate corridor) to 49%. The Committee also announced that it will resume weekly repo auctions,...
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Good morning. Comments from Fed Chair Powell highlighting the inflationary and growth-related uncertainties stemming from U.S. tariff policies triggered a sell-off in U.S. equities. Fitch’s downward revision of global and country-specific growth forecasts also contributed to the risk-off sentiment. However, U.S. equity futures and Asian markets are seeking a rebound in positive territory this morning, while...
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Good morning. Nvidia facing export restrictions and China’s stronger-than-expected growth data reducing hopes for new stimulus measures are putting additional pressure on already fragile global equity markets. U.S. equity futures are trading nearly 2% lower this morning, while European futures and Asian equity markets are also in negative territory, with declines ranging between 0.50% and 2.00%. At Borsa Istanbul,...
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Good morning. Statements by U.S. President Trump regarding the possibility of a temporary exemption from tariffs on the automotive sector are driving buying interest in global equity markets. During this exemption period, it is aimed to explore opportunities for sector companies to establish production facilities within the U.S. Similarly, the implementation of tariffs in the pharmaceutical and semiconductor...
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Good morning. News indicating that the U.S. may introduce tariff exemptions on certain electronic products is triggering a wave of buying interest across global equity markets. U.S. and European futures are starting the week with gains of up to 2%, while all Asian markets are trading in positive territory this morning. We do not expect a significant shift in the U.S.'s persistent stance on customs tariffs in...
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Good morning. High volatility in global markets persists, driven by uncertainties surrounding U.S. tariff policies. While Wall Street saw gains of up to 10% the day before, yesterday was marked by a decline exceeding 3%. U.S. futures are trading flat this morning, European markets show a positive tone, and Asia is exhibiting a mixed performance. Borsa Istanbul, however, appears to be lagging behind the positive...
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