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30 May 2024

Our Daily Notes

Daily News

05/30/2024 10:35 Profit taking increased and volatility increased in the last week of May… With the German CPI data announced yesterday above market expectations,...

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30 May 2024

Atlanta Fed President Bostic points to 2025 for normalization

Daily News

While the cost of borrowing in the US remains high, Fed members continue to avoid signaling a decrease in this cost anytime soon. Atlanta Fed President Raphael Bo...

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30 May 2024

Horizontal trend in oil

Daily News

Oil investors are eyeing the OPEC+ meeting and U.S. inventory data. Oil prices were steady after falling on Wednesday as investors looked to U.S. inventory data a...

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30 May 2024

Fed Beige Book: Outlook Just Got a Bit Worse

Daily News

The US Federal Reserve (Fed) reported that economic activity continued to expand from early April to mid-May, but the overall outlook has become slightly more pes...

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30 May 2024

US borrows at high interest rates

Daily News

The US is once again facing weak demand at bond auctions this week, pushing yields higher. On Wednesday, the US Treasury’s seven-year, $44 billion bond auction wa...

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29 May 2024

Our Daily Notes

Daily News

05/29/2024 10:45 Geopolitical risks and bond yields are prominent in pricing… Yesterday, the S&P 500 closed flat. However, as of this morning, both Asian markets ...

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29 May 2024

Gold flat after three-day gain

Daily News

Gold is trading sideways after three days of gains ahead of US price indicator data. Gold is trading sideways after three days of gains ahead of US data due this ...

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29 May 2024

Oil rises as geopolitical tensions rise

Daily News

Oil extends gains as geopolitical risks rise ahead of OPEC+ meeting. Oil extended gains as another attack on a ship in the Red Sea added to rising geopolitical te...

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29 May 2024

Nvidia shares are unstoppable

Daily News

Nvidia shares rose this time with Elon Musk's statement. Nvidia shares, which added hundreds of billions of dollars to its market value after the announcement of ...

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29 May 2024

Market expects growth to accelerate in the first quarter

Daily News

In Bloomberg HT's growth survey, participants' annual growth expectation for the first quarter was 5.6 percent. The growth expectation compared to the previous qu...

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28 May 2024

Market expects peak in gold and silver

Daily News

Gold prices have surged to record highs, with spot gold hitting a new high of $2,449.89 an ounce on Monday, while silver, like copper, reached multi-year highs ea...

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28 May 2024

Oil trades sideways ahead of OPEC+ meeting

Daily News

Oil prices are trading sideways after two days of gains despite rising tensions in the Middle East following the death of an Egyptian soldier in clashes with Isra...

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28 May 2024

T+1 period begins on Wall Street

Daily News

Wall Street is returning to the T+1 clearing period as of May 28 after approximately 100 years. Wall Street is entering a historical turning point. US markets are...

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28 May 2024

Şimşek: Foreign capital inflows exceeded expectations

Daily News

Treasury and Finance Minister Mehmet Şimşek stated that they have made good progress and that foreign inflows have exceeded expectations. Answering Bloomberg's qu...

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27 May 2024

Calm trend in oil

Daily News

Oil settled after its biggest weekly loss in four weeks as focus shifted to Sunday’s OPEC+ supply meeting and U.S. demand at the start of the driving season. Bren...

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27 May 2024

ECB/Cipollone: I expect the first move in June

Daily News

“I expect the first move towards a rate cut at the next ECB meeting,” said Piero Cipollone, a member of the European Central Bank’s Executive Board. The time is r...

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27 May 2024

Yellen warns banks doing business with Russia

Daily News

U.S. Treasury Secretary Janet Yellen said European banks faced increasing risks from doing business in Russia and that the U.S. was considering strengthening seco...

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27 May 2024

Minister Şimşek: Housing and rental price increases will decrease

Daily News

Treasury and Finance Minister Mehmet Şimşek said, "We will contribute to the financing of urban transformation and the increase in housing supply. In this way, ho...

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27 May 2024

Tesla shareholders advised to reject Musk's $56 billion salary

Daily News

The proxy advisory firm Glass Lewis has urged Tesla shareholders to reject Chief Executive Officer Elon Musk’s $56 billion pay package. The proxy advisory firm Gl...

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24 May 2024

Oil at three-month low

Daily News

Oil traded at a three-month low as the market showed signs of weakness. Brent crude was little changed around $81 a barrel, while U.S. crude was below $77. Memori...

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24 May 2024

Atlanta Fed President Bostic: We Are Not Past the Point of Concern

Daily News

Atlanta Fed President Raphael Bostic said inflation has not passed the point of concern, and that may make the rate cuts later than expected. Atlanta Fed Presiden...

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