Daily Bulletin

Good morning. Mutual statements from the U.S. and Iran indicating that the two sides are close to reaching an agreement on reopening the Strait of Hormuz are providing support to global markets. Active Brent crude oil futures, which tested USD 86 per barrel around midday yesterday, have retreated to USD 78 this morning, returning to levels seen in mid-July when reciprocal attacks resumed. Following yesterday's...
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Good morning. Global markets are starting the day on a mixed note. U.S. and European equity futures are trading higher, while Asian markets are generally under pressure. Expectations that negotiations between the U.S. and Iran will continue remain intact, while corporate earnings are also supporting investor sentiment, particularly across Western markets. Borsa Istanbul opened yesterday's session with gains,...
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Good morning, and happy Monday. Following U.S. President Trump's announcement that attacks on Iran have ceased and that negotiations will resume starting today, we are seeing a notable decline in oil prices, while U.S. and European equity futures are trading nearly 1% higher. Asian markets are showing a mixed performance due to the appreciation of the Japanese yen; however, overall, global risk sentiment is...
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Good morning. Iran has now targeted a U.S. military base in Bahrain, yet oil prices have shown little meaningful reaction to the development. Looking at equity markets, expectations for the next Fed rate hike have been pushed back by one meeting following the latest U.S. economic data, while post-earnings buying in technology stocks is supporting broader equity markets. U.S. indices gained strongly yesterday,...
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Good morning. As widely expected, the Fed left its policy rate unchanged at the 3.50%–3.75% range. However, for the first time since 2016, the decision was approved by a 9–3 vote, with three members voting in favor of a rate hike, reinforcing expectations that the possibility of a future rate increase has gained traction. Fed Chair Warsh's remarks were also interpreted as broadly hawkish. Combined with...
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Good morning. While tensions between the U.S. and Iran have eased compared to the previous two weeks, oil prices continue to decline. At the same time, concerns over valuations in the global semiconductor sector have triggered selling pressure, particularly among technology stocks. This morning, sharp losses of up to 10% in South Korean chipmakers, led by SK Hynix and Samsung, are drawing attention. U.S. equity...
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Good morning. Global markets are starting the week on a positive note as tensions between the U.S. and Iran have partially eased and oil prices have retreated by nearly 5%. U.S. and European equity futures are up close to 1%, while Asian markets are also trading mostly higher. We expect Borsa Istanbul to begin the week with a positive tone as well. The BIST 100 Index declined by nearly 1% on Friday, closing at...
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Good morning. Mutual threats between the U.S. and Iran continue to escalate. Front-month oil futures have climbed above $100 per barrel, while actively traded contracts are approaching $95. U.S. and European equity futures are trading broadly flat, while Asian markets are showing a mixed performance. As expected, the European Central Bank (ECB) left interest rates unchanged and reiterated that it will continue to...
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