Daily Bulletin

Good morning, The second Trump term has officially begun in the U.S. The messages delivered during Trump’s inauguration ceremony were not significantly different from his previous rhetoric; however, his insistence on raising customs tariffs persists. That said, comments suggesting that these increases could be gradual are easing market stress. This morning, U.S. and European futures are in positive territory, while...
Read More

Good morning. Global markets are starting the new week on a positive note. U.S. markets will remain closed today, while European futures are in positive territory, and Asian markets are generally trading higher. On Friday, Borsa Istanbul saw movement toward the psychological resistance level of 10,000. We anticipate that the positive momentum will continue today and throughout the week, with a potential push toward...
Read More

Good morning. Global markets are starting the day on a positive note. Fed official Waller's dovish messages brought noticeable buying activity to Borsa Istanbul near yesterday's close; however, the same optimism wasn't observed on the U.S. side. Still, U.S. futures are in positive territory this morning, and European markets remain on the positive side after strong closings. In Asia,...
Read More

Good morning. Following the inflation data and wage growth slowing down in the U.S., along with generally positive bank earnings, strong gains were observed. We see that European and Asian markets have also followed this trend. However, at Borsa Istanbul, the weakening expectations for a rapid rate-cutting cycle by the Monetary Policy Committee (PPK) have prevented BIST companies from keeping up with global...
Read More

Good morning. Following the release of U.S. PPI data yesterday, which came in below expectations, global risk appetite remains on the positive side. While U.S. stock markets saw buying activity yesterday, futures are flat this morning, and positive sentiment persists in Europe. In Borsa Istanbul, there was a limited pullback yesterday; however, we expect some recovery buying this morning. From a technical...
Read More

Good morning. Global risk appetite is positive this morning; however, expectations of a rise in the U.S. PPI and CPI data to be announced today and tomorrow may limit buying interest. Borsa Istanbul experienced a 1.8% decline yesterday. While some of the selling pressure was influenced by external factors, domestic developments such as bridge and highway toll increases exceeding expected inflation, and signals of a...
Read More

Good morning. Following the release of strong employment data in the U.S. on Friday, expectations for a Fed rate cut have been postponed until December of this year, with only one rate cut priced in over the next two years. As we have previously mentioned, if growth and employment-focused data in the U.S. continue to show strong performance, expectations for rate cuts by the Fed may diminish further. In fact,...
Read More

Good morning. Global risk appetite is balanced this morning. The statements of Trump, who will take office in the United States in two weeks, regarding Greenland, Panama, the Gulf of Mexico, Canada, China, and Russia continue to draw criticism. However, these reactions have not yet had an observable impact on the markets. That being said, the influence of global political developments on the markets may increase...
Read More