Daily Bulletin

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of negotiations between the US and Iran, together with reports that the US has redeployed some diplomats who had been withdrawn from the conflict zone back to their posts, is increasing optimism that a renewed direct...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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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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