Daily Bulletin

Good morning. Tensions between the US and Iran continue to escalate, while oil prices have also moved higher in parallel, approaching $95. We are also seeing a notable rise in US Treasury yields, while concerns over rising macro risks due to high public debt are weighing on equity markets. US and European futures, as well as Asian equities, are trading lower this morning, with losses of up to 3% particularly...
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Good morning. Oil prices are once again trading above $90 as tensions between the US and Iran continue. Fed Chair Warsh’s hawkish tightening messages have brought expectations for the Fed’s first rate hike forward from December to October, while the European Central Bank is also expected to raise interest rates this month, on September 10. Against this backdrop, US stock futures are trading flat this morning...
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Good morning. Global markets are starting the new week on a weak note. Two developments stand out: i) hawkish messages from Fed Chair Warsh, and ii) a renewed escalation in US-Iran tensions following reciprocal attacks. US and European futures, as well as Asian equities, are trading lower this morning. Domestically, the expected regulations from the Capital Markets Board of Türkiye (CMB) regarding investment funds,...
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Good morning. Global risk appetite remains balanced following Nvidia’s results, while oil prices have edged higher, particularly due to ongoing tensions surrounding Russia. US futures are broadly flat this morning following the strong gains on Wall Street yesterday, while European futures and Asian equities are generally trading higher. In Borsa Istanbul, the 14,700 level was tested once again after the opening...
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Good morning. The decline in oil prices has lost some momentum, while the risk of a new armed conflict between the US and Iran is gradually diminishing. On the other hand, following the failure of the latest negotiations regarding the Russia-Ukraine war, concerns remain that the conflict could intensify. Wall Street closed on a weak note yesterday following the US data releases. However, Nvidia’s earnings and...
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Good morning. The decline in oil prices is continuing. Front-month Brent crude is approaching $85, while longer-dated contracts are seeing declines toward $80. The growing emphasis on the possibility of negotiations between the US and Iran, together with reports that the US has redeployed some diplomats who had been withdrawn from the conflict zone back to their posts, is increasing optimism that a renewed direct...
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Good morning. The United States’ threats of economic sanctions against Iran continue, although we are seeing some easing in oil prices as the likelihood of military intervention has partially declined. Pricing in longer-dated oil contracts, particularly below $85, stands out. Global risk appetite is balanced this morning, with U.S. and European futures slightly higher, while Asian markets are generally weaker. In...
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Good morning. The U.S. threat of a “new economic offensive targeting Iran’s trading partners” is putting pressure on global equity markets. U.S. and European futures are slightly negative, while more pronounced declines are being seen across Asian markets. Oil prices, meanwhile, continue to hold above $90. On the domestic front, the CBRT’s announcement that it will resume weekly repo auctions, which it had...
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