Daily Bulletin

Good morning. As widely expected, the Fed left its policy rate unchanged at the 3.50%–3.75% range. However, for the first time since 2016, the decision was approved by a 9–3 vote, with three members voting in favor of a rate hike, reinforcing expectations that the possibility of a future rate increase has gained traction. Fed Chair Warsh's remarks were also interpreted as broadly hawkish. Combined with...
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Good morning. While tensions between the U.S. and Iran have eased compared to the previous two weeks, oil prices continue to decline. At the same time, concerns over valuations in the global semiconductor sector have triggered selling pressure, particularly among technology stocks. This morning, sharp losses of up to 10% in South Korean chipmakers, led by SK Hynix and Samsung, are drawing attention. U.S. equity...
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Good morning. Global markets are starting the week on a positive note as tensions between the U.S. and Iran have partially eased and oil prices have retreated by nearly 5%. U.S. and European equity futures are up close to 1%, while Asian markets are also trading mostly higher. We expect Borsa Istanbul to begin the week with a positive tone as well. The BIST 100 Index declined by nearly 1% on Friday, closing at...
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Good morning. Mutual threats between the U.S. and Iran continue to escalate. Front-month oil futures have climbed above $100 per barrel, while actively traded contracts are approaching $95. U.S. and European equity futures are trading broadly flat, while Asian markets are showing a mixed performance. As expected, the European Central Bank (ECB) left interest rates unchanged and reiterated that it will continue to...
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Good morning. While tensions and mutual threats between the United States and Iran continue, oil prices remain above the $90 level. The latest earnings reports released in the U.S. have also been broadly weak. As a result, global risk appetite remains limited, with U.S. and European futures as well as Asian equity markets generally trading lower. The BIST 100 Index rose 1.2% yesterday to close at 14,138 points. The...
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Good morning. The U.S.–Iran tensions continue, but bargain hunting in semiconductor stocks and stronger-than-expected financial results from General Motors, accompanied by upward revisions to guidance, supported buying interest on Wall Street. This morning, U.S. futures are weaker, while European futures and Asian equities are generally trading higher. Domestically, comments from JPMorgan and Citigroup regarding...
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Good morning. While tensions between the United States and Iran continue, CNN’s report that a ten-day ceasefire is being considered is putting downward pressure on oil prices and supporting gains in U.S. futures. European futures are trading lower, while Asian markets are generally positive. Global risk appetite appears balanced this morning and is showing signs of a rebound. Borsa Istanbul recovered above the...
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Good morning. As tensions between the United States and Iran continue to escalate, active Brent crude oil prices have approached the $90 per barrel level. Investors will be closely monitoring how long this process persists and where oil prices ultimately find equilibrium, as higher energy prices are likely to weigh negatively on both global growth and inflation expectations. In addition, it is worth noting that...
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