Daily Bulletin

Good morning. As expected, the Fed kept the policy rate range unchanged at 3.50%–3.75%. In its statements, the Fed noted that the weakness in the labor market has stabilized, growth remains ongoing, and inflationary stickiness persists. Given that both the decision and the communication were broadly in line with market expectations, we can say that there was no meaningful reaction in equity markets. In precious...
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Good morning. Ahead of the Fed meeting to conclude this evening, global equity markets are displaying a positive tone, while the rally in precious metals continues. Due to sticky inflation and strong growth data, no change is expected in the Fed’s policy rate corridor of 3.50%–3.75%. However, following three consecutive meetings in which the Fed delivered 25 basis point rate cuts, a similar decision...
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Good morning. Although global risk appetite started the week on a weak note, it recovered during yesterday’s session and remains positive this morning. U.S. and European futures, as well as Asian equity markets, are trading higher today. In Borsa Istanbul, the record-breaking momentum continues. The BIST 100 Index closed yesterday up 1.42% at a new all-time high in TRY terms (13,177). In USD terms, the index also...
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Good morning. The resolution of the Greenland dispute between the US and Europe within the NATO framework is contributing to a renewed improvement in global risk appetite. US futures are notably positive this morning, Asian markets are trading with a positive bias, while European futures are slightly negative. The constructive outlook in Borsa Istanbul remains intact. Although the anticipated consolidation in the...
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Good morning. Despite U.S. President Trump’s continued insistence on the transfer of Greenland to the United States, recent statements in which he (i) ruled out military options, (ii) emphasized a preference for peaceful means, and (iii) stepped back from the additional tariffs announced last week on certain European countries have provided a morale boost to global markets. U.S. equities advanced by more than 1%...
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Good morning. Heightened tensions in U.S.–Europe relations triggered declines of up to 2% in U.S. equity markets yesterday, while futures are seeking stabilization this morning. European futures and Asian equities, on the other hand, continue to trade with a generally negative bias. Global markets are focused on the speech to be delivered by U.S. President Trump at the Davos Summit today at 16:30 (TSI). It remains...
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Good morning. Global markets are focused on the strained U.S.–Europe relations driven by the Greenland issue. This agenda appears to have dominated the Davos Summit, which started yesterday, pushing other geopolitical topics and global economic challenges into the background. U.S. equity markets were closed yesterday; however, futures contracts are currently trading around 1% lower compared to Friday’s close....
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Good morning. The United States’ insistence on Greenland and the escalating tensions between the U.S. and Europe remain in focus. Following military exercise decisions by several European countries in the region, the U.S. announcement of imposing a 10% customs duty on eight European countries starting February—rising to 25% in the second half of the year—along with the European Parliament’s decision to suspend...
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