Daily Bulletin

Good morning. The US–Iran tensions continue amid threats of economic sanctions, while oil prices remain elevated. Long-term US Treasury yields, which eased the previous day following Treasury intervention, moved higher again yesterday, triggering another round of selling on Wall Street. The short-term technical outlook for US equity indices has deteriorated, suggesting that the pullback could continue for some...
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Good morning. The US Treasury’s decision to double its purchases of long-term bonds provided a boost to Wall Street sentiment. US futures are in positive territory this morning, European futures are slightly negative, while Asian equities are generally trading higher. The Fed minutes indicated that some members without voting rights this year also favored a rate hike, while expectations for a Fed rate hike in...
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Good morning. Geopolitical stress and the resulting elevated oil prices continue to weigh on markets. In addition, we are seeing rising U.S. Treasury yields, particularly at the longer end of the curve, putting pressure on global equity markets, especially U.S. stocks. Following yesterday’s sell-off on Wall Street, U.S. futures remain in negative territory this morning. Europe and Asia are also generally showing a...
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Good morning. While U.S. indices renewed their record highs yesterday, European equities are also trying to hold near their peak levels. Oil prices rose somewhat following the U.S. threat to extend its sanctions on Iran indefinitely. Despite this, U.S. and European futures are in positive territory this morning, while Asian markets are showing a mixed performance. In Borsa Istanbul, the BIST 100 managed to hold...
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Good morning. Global risk appetite remains balanced, while we are seeing a slight pullback in oil prices and an effort by US and European futures to hold near record-high levels. Following yesterday’s limited decline in US CPI, today’s PPI data, for which a more pronounced moderation is expected, will be closely monitored. We are seeing expectations for Fed rate hikes being pushed back from the October/December...
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Good morning. Oil prices are rising again due to the ongoing dispute over the Strait of Hormuz. Global risk appetite has not yet been significantly affected by the situation, but US Treasury yields continue to rise, particularly as hawkish comments from Fed officials add to the pressure. There is not yet a serious threat to emerging market assets, but pressure on these assets could increase if yields break above...
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Good morning, and have a good week. Although the US-Iran negotiations are continuing, the strike on a Saudi Aramco refinery located in the UAE and an Emirati vessel passing through the Strait of Hormuz indicate that geopolitical tensions remain elevated. Active Brent crude oil prices continue to trade around $83 per barrel, while we are starting the new week with a mixed outlook in global risk appetite. US and...
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Good morning. Oil prices are moving higher again amid continued uncertainty surrounding the Strait of Hormuz and Iran’s ongoing threats against vessels from countries it considers unfriendly. Active Brent crude oil contracts, which were trading around $78 per barrel yesterday morning, are now priced at around $83. US and European futures, as well as Asian equities, are also broadly negative on this backdrop,...
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