Pre-Market Information: Important Developments for Investors

What’s on the Market Agenda?

The main agenda items in global markets are shaped around the earnings season, central bank expectations, and geopolitical developments. In the US stock markets, particularly the financial results announcement from Meta (META), Microsoft (MSFT), and Tesla (TSLA) is expected to be decisive for pricing.

Developments in the US Markets

The S&P 500 index has recently shown a strong upward trend, stabilizing around the 7,000 levels, while the Dow Jones and Nasdaq are also maintaining an upward trend. This situation indicates that there is generally a cautious but optimistic atmosphere in the US markets. However, downward risks stemming from political issues continue to remain on the agenda.

For example, after the killing of a US citizen by federal agents in Minneapolis, efforts to block the budget of the Department of Homeland Security in the Senate are increasing the risk of a government shutdown. This uncertainty is among the factors negatively affecting risk sentiment in the short term.

Global Economic Developments

Diplomatic and economic developments in the Asia-Pacific region are also noteworthy. The Japanese Prime Minister expressed a desire to meet with the Chinese President following tensions over Taiwan, and it is considered that these statements could support buying in the Nikkei index. The decline in producer prices for services in Japan also indicates a slowdown in cost pressures.

On the European front, defense spending, energy security, and trade issues are prominent. The EU’s expansion of defense financing under the SAFE program, plans to reduce dependence on Russian gas, and expectations regarding the EU-India free trade agreement are affecting the regional markets.

Commodity Markets Status

In the commodities sector, there is a strong demand for safe havens. Gold prices have reached $5,100, rising in relation to geopolitical risks and discussions regarding the Fed's independence, along with pressure on the dollar. Record levels have also been observed in silver, while despite short-term upward attempts in oil prices, a lasting increase is not expected.

Developments in Borsa İstanbul

In Borsa İstanbul, the general trend presents a picture where stock-specific differentiations stand out rather than index-based sharp movements. The BIST 100 index completed the first trading day of the week with a strong rise after a volatile session.

On a sectoral basis, technology stocks stood out, while the banking index showed a limited positive differentiation. Considering the global risk appetite, the probability of a slightly bullish opening in the new trading day is high.

On the macro data front, there is no significant data flow that will directly affect the markets domestically. In the short term, pricing is expected to be shaped largely by global developments and company-specific news flows.

In general, while the main trend on the index side is maintained, it can be evaluated that a more selective and cautious pricing process is being entered in the short term.