Daily Bulletin

Good morning. Geopolitical tensions between the U.S. and Iran remain the primary driver of global markets, with escalation risks still elevated. Recent reports from U.S.-based media outlets indicate an increasing buildup of ammunition and personnel in the region, alongside intensified speculation regarding a potential intervention against Iran in the near term. Discussions of operations that could extend over...
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Good morning. As tensions between the U.S. and Iran set the main tone for global markets, other headlines such as the Fed minutes, U.S. growth-oriented data, and earnings releases are having a relatively limited market impact during this period. Although news flow during the day pointed to the possibility of a strong intervention against Iran in the near term—heightening tensions—subsequent, more measured messages...
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Good morning. Iran’s launch of military drills in the Persian Gulf and the Strait of Hormuz is raising geopolitical tensions once again. Given that approximately 20%–30% of global crude oil and LNG shipments transit through this المنطقة, supply concerns are resurfacing. Today, the second round of U.S.–Iran negotiations in Geneva, Switzerland, as well as ongoing talks regarding the Russia–Ukraine war, are expected...
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Good morning. As we start the new week, global risk appetite appears balanced, with U.S. equity markets and some Asian exchanges closed today. However, open markets and futures are generally displaying a flat performance. On the domestic front, Borsa İstanbul closed the previous session at the same level where it began on Friday. The BIST 100 climbed to as high as 14,320 intraday but ultimately settled at 14,180,...
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Good morning. Global risk appetite is starting the new day on a positive note. In the U.S., nonfarm payrolls released yesterday came in at nearly twice market expectations, pushing back expectations for the first Fed rate cut from June to July, or even September; however, expectations that liquidity conditions will remain ample continue to support equity markets. U.S. and European futures are trading higher, while...
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Good morning. Despite a weak performance in U.S. and European equity markets yesterday, futures contracts are seeking a rebound this morning. In Asia, the Tokyo Stock Exchange is closed today, while the rest of the regional markets are trading in positive territory. From a global perspective, although developed market equities have delivered a very strong performance over the past year, they have lost momentum...
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Good morning. While positive reports containing constructive views and expectations regarding the revenues, profitability, and valuations of U.S. technology companies are supporting Wall Street, U.S. and European futures are displaying a flat tone this morning. In Asia, markets are generally trading with a positive bias. In Borsa Istanbul, we observed a positive trend yesterday, supported by capital inflows in line...
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Good morning. Global equity markets are starting the new week on a positive note. No concrete messages have emerged from the US–Iran negotiations, however, the Iranian side has stated that “progress has been made,” and further talks are expected to continue this week. US and European futures, as well as Asian markets, are opening the week in positive territory. We observe a loss of momentum in Borsa Istanbul;...
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