"Notable Developments at the Market Opening of 2025"

What You Need to Know Before the Market Opens

As we approach 2025, a dynamic period is unfolding in the markets. When we examine the U.S. stock markets, it is worth noting that the S&P 500 index has reached record levels at 6,930 points but has seen limited losses due to profit-taking. The Dow Jones and Nasdaq have experienced declines of around 0.4-0.5%. Overall, the Dow Jones has a return of 14% for the year, while the Nasdaq's return is over 20%.

Investor's Favorite: Fed Meeting Minutes

The Fed's December meeting minutes are a key agenda item for the markets. In the last three meetings, the Fed has implemented a total of 75 basis points in interest rate cuts, reducing the policy rate to a range of 3.50-3.75%. However, it is noteworthy that differences in opinions continue to persist during this process. President Donald Trump has also threatened to sue Jerome Powell for "gross negligence," adding a factor of uncertainty to the markets.

Company News and Developments in Commodity Markets

Intel's $5 billion stock sale agreement with Nvidia has drawn attention, while Boeing's high-value defense contracts from Israel have also piqued investor interest. In the commodity markets, profit-taking following record levels in precious metals has led to sharp declines in silver and platinum prices. However, in long-term assessments, geopolitical risks, central bank purchases, and a weakening dollar are suggested to keep the main trend of precious metals intact.

Global Market Observations

Oil prices are experiencing volatility due to tensions between Russia and Ukraine and risks in the Middle East. How geopolitical strategies evolve continues to influence the direction of the markets.

On the Borsa Istanbul front, a cautious outlook prevails. The BIST 100 index has declined to the level of 11,150, closing the day with a loss of over 1%. Banking stocks remained more resilient during the day, while industrial stocks faced noticeable selling pressure.

Lastly, on the currency side, upward movements in the dollar continue. The USD/TRY is trying to settle above the level of 42.90. Despite rising costs, the TRY's separation from weaker currencies is seen as a noteworthy development in the markets.