Daily Bulletin

Good morning. As geopolitical tensions continue to ease, buying interest in U.S. technology stocks drove gains of up to 2% yesterday. Despite the improved risk sentiment, expectations regarding the Fed's interest rate outlook remain in focus, while institutions such as Bank of America continue to warn that U.S. equity markets could face corrections of as much as 8%. Looking at this morning's markets, U.S....
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Good morning. Global markets are starting the new week on a calm and optimistic note despite the heightened tensions between the U.S. and Iran over the weekend. U.S. and European futures are trading in positive territory, while Asian equities are presenting a mixed performance. Following a brief spike, oil prices are easing again this morning. Another notable development is JP Morgan’s upward revision of its...
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Good morning. Market pricing in Asia is setting the tone for global markets this morning. Apple’s decision to raise product prices due to increasing chip costs, speculation that OpenAI’s IPO may be postponed until 2027, and higher-than-expected inflation data from Japan have triggered sharp selling across Asian equities. U.S. and European equity futures are also trading noticeably lower. In Borsa Istanbul, despite...
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Good morning. Vessel traffic through the Strait of Hormuz and the volume of oil shipments from the region continue to increase. Although diplomatic negotiations between the United States and Iran are progressing with occasional setbacks, the approval by the U.S. Senate of legislation aimed at reducing the likelihood of renewed military confrontation is helping to ease geopolitical tensions. On the other hand,...
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Good morning. As geopolitical tensions continue to ease, oil prices are also extending their decline. Meanwhile, expectations for Fed rate hikes are being brought forward, with market participants increasingly pricing in a series of rate increases beginning as early as September or October. This outlook is weighing on U.S. technology stocks as well as precious metals such as gold and silver. In the U.S., the Dow...
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Good morning. The U.S.–Iran negotiations have begun in Switzerland; however, mutual threats and tensions continue. Geopolitical risks are likely to remain elevated, but markets may find some relief as long as there are no reports of direct military confrontation in the region and shipping traffic through the Strait of Hormuz continues uninterrupted. U.S. and European futures are starting the new week in negative...
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Good morning. Despite easing geopolitical risks and the decline in oil prices, global equity markets are under pressure this morning as expectations for Fed rate hikes have been brought forward and growth forecasts have been revised downward. U.S. equity markets will be closed today; however, futures contracts are trading this morning and remain in negative territory. European futures and Asian markets are also...
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Good morning. As expected, the Fed left interest rates unchanged within the 3.50%–3.75% range. However, both the policy statement and Fed Chair Kevin Warsh’s remarks were significantly more hawkish than anticipated. While the Fed revised its inflation projections upward, growth forecasts were adjusted slightly lower. The updated rate projections from Fed members also revealed notable upward revisions. Although a...
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