Daily Bulletin

Good morning. Let's begin this morning with the interest rate decision from the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (MPC). In line with our expectations, the MPC raised the policy rate from 42.5% to 46.0%, and increased the overnight lending rate (the upper bound of the interest rate corridor) to 49%. The Committee also announced that it will resume weekly repo auctions,...
Read More

Good morning. Comments from Fed Chair Powell highlighting the inflationary and growth-related uncertainties stemming from U.S. tariff policies triggered a sell-off in U.S. equities. Fitch’s downward revision of global and country-specific growth forecasts also contributed to the risk-off sentiment. However, U.S. equity futures and Asian markets are seeking a rebound in positive territory this morning, while...
Read More

Good morning. Nvidia facing export restrictions and China’s stronger-than-expected growth data reducing hopes for new stimulus measures are putting additional pressure on already fragile global equity markets. U.S. equity futures are trading nearly 2% lower this morning, while European futures and Asian equity markets are also in negative territory, with declines ranging between 0.50% and 2.00%. At Borsa Istanbul,...
Read More

Good morning. Statements by U.S. President Trump regarding the possibility of a temporary exemption from tariffs on the automotive sector are driving buying interest in global equity markets. During this exemption period, it is aimed to explore opportunities for sector companies to establish production facilities within the U.S. Similarly, the implementation of tariffs in the pharmaceutical and semiconductor...
Read More

Good morning. News indicating that the U.S. may introduce tariff exemptions on certain electronic products is triggering a wave of buying interest across global equity markets. U.S. and European futures are starting the week with gains of up to 2%, while all Asian markets are trading in positive territory this morning. We do not expect a significant shift in the U.S.'s persistent stance on customs tariffs in...
Read More

Good morning. High volatility in global markets persists, driven by uncertainties surrounding U.S. tariff policies. While Wall Street saw gains of up to 10% the day before, yesterday was marked by a decline exceeding 3%. U.S. futures are trading flat this morning, European markets show a positive tone, and Asia is exhibiting a mixed performance. Borsa Istanbul, however, appears to be lagging behind the positive...
Read More

Good morning. U.S. President Trump’s statement yesterday during the day, indicating it is a “buying opportunity,” followed by the announcement in the evening to suspend planned tariffs on countries outside China for “90 days,” has triggered a buying wave across global equity markets. In the U.S., indices recorded one of the strongest single-day gains in recent years, rising between 8% and 12%, while futures are...
Read More

Good morning. The United States' continued escalation of trade barriers and its recent decision to raise tariffs on Chinese goods to 104% are once again triggering sell-offs across global equity markets. The U.S. administration's statement that it will "disregard the markets for a while" further signals that there will be no immediate policy response to the sharp market declines, and that high...
Read More