Daily Bulletin

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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Good morning. Global risk sentiment is negative this morning. Geopolitical tensions escalated again after Iran announced over the weekend that it had once again closed the Strait of Hormuz, while the U.S. continued its military strikes against Iran. Although the U.S. stated that it does not recognize Iran's decision and that the strait remains open to vessels engaged in lawful transit, the market's focus...
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Good morning. Tensions between the U.S. and Iran remain elevated. However, after front-month Brent crude oil futures tested the $80 level two days ago, prices have eased back to around $76. U.S. and European equity futures are broadly flat this morning following yesterday’s gains, while Asian markets are trading firmly higher across the region. A notable development comes from UBS, which has upgraded its outlook...
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Good morning. Following Iran’s attacks on commercial vessels, the United States launched airstrikes against nearly 80 targets inside Iran. In addition, the U.S. withdrew its exemption decision regarding Iranian oil exports. These developments pushed oil prices higher while weighing on global equity markets. However, U.S. and European equity futures are only marginally lower this morning, while Asian markets...
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Good morning. Reports that Iran struck two commercial vessels transiting the Strait of Hormuz are providing modest support to oil prices this morning, while weighing on technology stocks across Asia and Nasdaq futures. U.S. and European equity futures are also trading in negative territory. Global markets will closely monitor the NATO Summit, which begins today in Ankara. Geopolitical developments, along with any...
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Good morning. Talks between the U.S. and Iran have been paused for one week, with negotiations expected to resume over the weekend. Meanwhile, OPEC's signal of higher production and the continued flow of vessels through the Strait of Hormuz are helping oil prices remain close to their pre-conflict levels. Throughout the week, global markets will focus on the NATO Summit, hosted by Türkiye in Ankara. U.S. and...
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Good morning. Following yesterday’s much weaker-than-expected U.S. employment data, market expectations for the Fed’s next rate hike have shifted further into the future, with some commentators even beginning to discuss the possibility of a rate cut. In our view, the current inflation outlook does not support a rate cut. However, a postponement of further tightening remains a plausible scenario, which would likely...
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