Weekly Bulletin - June 26, 2026
Nurgül Türkmen
nurgul.turkmen@isbank.com.tr| Market Indicators | 19-Jun | 25-Jun | Weekly Change |
|---|---|---|---|
| BIST-100 Index | 14,735 | 14,260 | 3.2% down |
| TRY 2 Year Benchmark Rate | 41.12% | 40.79% | 33 bp down |
| Türkiye 5-Year CDS Premium | 219 | 220 | 1 bp up |
| MSCI EM Equity Index | 1,786 | 1,756 | 1.7% down |
| US 10-Year Bond Rate | 4.45% | 4.39% | 6 bp down |
| EUR/USD | 1.1468 | 1.1369 | 0.9% down |
| USD/TRY | 46.4289 | 46.5046 | 0.2% up |
| EUR/TRY | 53.2568 | 53.0078 | 0.5% down |
| Gold (USD/ounce) | 4,160 | 4,026 | 3.2% down |
| Brent Oil (USD/barrel) | 80.6 | 75.3 | 6.6% down |
Following the agreement reached between the US and Iran in mid-June, the US decision to allow the trade of Iran’s crude oil and petroleum products and the increase in the shipping traffic through the Strait of Hormuz eased concerns about supply disruptions and led to a sharp drop in oil prices. The annual rise in the personal consumption expenditures price index became 4.1% in May, the highest level in 3 years. In line with strengthening expectations of a Fed rate hike, the dollar index (DXY) reached its highest level in the last 12 months. As US dollar strengthens, the price of gold per ounce fell by 3% on a weekly basis. In Türkiye, sectoral inflation expectations and confidence indices took center stage in the data agenda this week. In June, households’ 12-month-ahead annual CPI inflation expectation fell by 3.38 points compared to the previous month to 46.13%, while consumer confidence reached its highest level since May 2023. Next week, PMI data, the US non-farm payrolls report, and CPI inflation in the Euro Area will be high in the global data agenda. In Türkiye, June’s inflation data will be closely monitored on Friday.
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