January 9 Market Agenda: Analysis You Need to Perform

Market Analyses: January 9, 2026

As the final trading day of the week approaches in global markets, investors are opting for a cautious approach. Ahead of the release of the U.S. non-farm payroll data for December, it is observed that futures indices are showing a weak start. The focal points of this process are employment growth, wages, and unemployment rates.

Pressure in the Labor Market Continues

The released ADP and JOLTS data reveal that the pressure in the labor market continues and demand remains constrained. Statements from Fed officials indicate that there are uncertainties in measuring employment data. Today's employment figures could have a decisive impact on the Fed's interest rate policy expectations.

Geopolitical Risks and Oil Prices

The U.S. policies regarding Venezuela and Iran, as well as discussions surrounding Greenland, suggest that geopolitical risk premiums may remain high. This situation could also affect commodity markets; in particular, oil prices have the potential to rise due to supply uncertainties.

Uncertainty in Asian Markets

The market outlook in Asia is showing a mixed trend. In Japan, a strong recovery in household spending provides positive signals for domestic demand, while the CPI and PPI data released in China indicate that deflationary pressures have eased.

Borsa Istanbul's First Half of the Year

Domestically, Borsa Istanbul has shown strong performance at the beginning of the year, yet it continues to display a volatile outlook. While the BIST 100 index retreated during the day due to profit taking, it managed to end the day in positive territory, staying above 12,000 points with renewed buying interest. The high trading volume indicates ongoing interest in the market.

Interest Rates and Currency Developments

On the bond and treasury bill side, the disinflation process and the expected interest rate cuts from the CBRT continue to support short-term interest rates. The USD/TRY exchange rate shows a tendency to stay above the 43.00 level. The Euro/USD parity is fluctuating around 1.17 in line with global dollar movements.

Focus on Domestic Data

Today, the industrial production data is in the spotlight domestically, while the crucial determinant in global markets will be the U.S. employment data. The profit taking observed in Borsa Istanbul can be regarded as a sign of a healthy pricing process.

Keep in Mind

The information here is not intended as investment advice.