Daily Bulletin

Good morning. Global risk appetite is hovering in mildly positive territory this morning. Despite supportive developments such as the USD 200 billion support package announced for the U.S. housing sector, upward revisions to growth forecasts, and rate-cut signaling from Fed officials, U.S. equity futures are trading flat. European futures and Asian equity markets, on the other hand, are generally in positive...
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Good morning. In the U.S., plans to impose restrictions on dividend payments and share buyback activities of companies operating in commercial real estate investments and the defense sector have led to selling pressure in related stocks, while warnings of a potential broader correction on Wall Street are also weighing on risk appetite. This morning, U.S. and European futures, along with Asian equities, are trading...
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Good morning. The weight of the geopolitical agenda, which intensified following the U.S. intervention in Venezuela, continues to dominate global markets. Most recently, U.S. President Trump turned his attention once again to Greenland, a territory belonging to another NATO member, Denmark, stating that all options, including military ones, remain on the table. Europe’s discomfort over this issue persists, and...
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Good morning. The global outlook continues to remain in positive territory. U.S. and European futures, as well as Asian equity markets, are broadly trading higher again this morning. Although the U.S. intervention in Venezuela has triggered geopolitical activity on a global scale, markets appear to be largely unaffected from a negative standpoint. Regarding optimistic expectations that Venezuelan oil could re-enter...
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Good morning. Global markets are starting the new week with the backdrop of the U.S. intervention in Venezuela; however, equity markets are broadly maintaining a positive tone. Despite holding the world’s largest proven oil reserves, Venezuela’s contribution to global supply has fallen below 1% in recent years. Therefore, following the U.S. intervention, a contraction in oil supply is not anticipated; on the...
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Good morning. Global equity markets are starting the first trading day of 2026 on a mixed but broadly optimistic note. Ongoing expectations of rate cuts by the Fed, upward revisions to growth forecasts, generally solid corporate financials, and positive revisions to profitability expectations continue to support equity markets. Sensitivity to geopolitical developments and the macroeconomic outlook, and the...
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Good morning. A thin year-end trading environment with limited market participation continues to prevail across global equity markets. Signals in the Fed minutes suggesting a period of pause following the December rate cut have played a key role in the loss of momentum, as markets now price the next initial rate cut for June 2026. That said, liquidity injections into the financial system via bond purchases are...
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Global equity markets are displaying a weaker tone this morning. The softness is driven by limited news flow, declining year-end market participation, and partial profit-taking from peak levels. In Borsa Istanbul, we saw a more pronounced pullback relative to global peers, with the index closing yesterday at 11,150. While the banking sector remained broadly resilient, selling pressure was more evident across...
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