⚠️TODAY’S MARKET SUMMARY AND IMPORTANT EVENTS‼️

• The United Arab Emirates (BAE) has decided to leave OPEC. This could lead the BAE to follow its own sales policy without complying with production restrictions and increase global oil supply.
Global Geopolitics and Alliances
• Regional Polarization: The UAE’s departure and its position on the US-Israel axis amid tensions with Iran; this could strengthen new lines such as UAE-Israel-India and Saudi-Pakistan
• Strait of Hormuz Risk: Donald Trump issuing an order to prepare a prolonged blockade in the Strait of Hormuz shows that US-Iran tensions have reached their peak.
Changes at Central Banks and the Fed
• Powell’s Farewell: Fed Chair Powell will preside over tonight’s final meeting, at (saat 21:00), when a rate hold is expected. Warsh, who will take over in mid-May, is signaling that the bank may change its institutional approach.
• Global Interest Rate Calendar: This week, Canada, Europe (ECB), and the United Kingdom (BOE) central banks are also expected to keep rates unchanged; however, the messages in the decision documents will be critical for markets.
Markets and Figures
• Market Outlook: Risk appetite in global stock markets is neutral.
🔸#Oil 105.52$
🔸US 10-year bond yield %4,36,
🔸#Dollar Index 98,65
🔸Gold per ounce 4.575$
🔸Silver per ounce 73.25$
🔸#Bitcoin 77.053$
🔸#Nasdaq 27.251
🔸#SPX500 7.177
• Turkey’s Agenda: While the economic management is working to reduce the effects of the Iran war, new legal arrangements such as tax cuts for exporters and tax amnesty are being prepared.