Daily Bulletin

Good morning. While global markets continue to price in Fed rate-cut expectations, overall optimism remains intact. US and European futures are trading higher this morning, and Asian equities are broadly positive as well, with the exception of Japan, where rate-hike expectations continue to weigh on sentiment. Borsa Istanbul closed yesterday with a 1.07% decline. The top five contributors to the index were TRALT,...
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Good morning. Global risk appetite is slightly positive this morning. While U.S. equities moved back toward record-high levels yesterday, futures are flat this morning. In Europe, after yesterday’s sideways session, futures are notably bid today. In Asia, the Nikkei is strong, while the others are balanced. At Borsa Istanbul, yesterday’s inflation print of 0.87%—below expectations of the 1.2–1.4% range—and...
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Good morning. In U.S. and European markets, we are seeing consolidation near peak levels and some rebound buying ahead of the Fed. In Europe, positive comments on 2026 growth expectations are also supporting risk appetite. In Borsa Istanbul, ahead of the November inflation data to be released today, there is a movement above 11,000 followed by continued consolidation at this level. At 10:00 AM, along with the...
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Good morning. Despite expectations for a Fed rate cut on December 10 remaining intact, profit-taking from peak levels continues in U.S. and European markets. In Asia, the picture is more mixed, though the overall tone remains weak. In Borsa Istanbul, however, the index broke above the 11,000–11,050 resistance zone with yesterday’s 2% advance. The index closed the session at 11,116, supported primarily by the...
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Good morning. Global risk appetite is starting the week on a soft footing. There is no single dominant driver behind the move; weaker data out of Asia or protracted Russia-Ukraine peace negotiations can be cited as headline factors. After pricing in rate-cut expectations from the Fed throughout last week, equities are entering the new week with profit-taking. U.S. and European futures are trading in negative...
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Good morning. Despite U.S. markets being closed due to Thanksgiving, expectations of a rate cut from the Fed on December 10 continue to underpin global risk appetite. Borsa Istanbul is attempting to align with this constructive tone, though upward momentum remains constrained. The BIST 100 Index advanced 0.28% yesterday, with ISCTR, ENKAI, TAVHL, TUPRS and YKBNK delivering the strongest positive contributions,...
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Good morning. While expectations for Fed rate cuts remain intact, the rebound observed in U.S. equities over the past four sessions has only now been sufficient to break above last week’s post-Nvidia-earnings highs. U.S. markets will be closed today due to the Thanksgiving holiday; tomorrow, trading will open in the morning but close early for a half-day session. European futures and Asian markets are once again...
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Good morning. As expectations for Fed rate cuts continue to strengthen, the discussion around who will lead the Fed after Chair Powell is increasingly gaining traction. The common thread among the prominent candidates is their alignment with President Trump’s calls for rate reductions. Accordingly, we expect both the timeline for rate-cut expectations to be pulled forward and the total anticipated cuts over the...
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