Market Compass
Seeking Balance in the Markets…
- Yesterday’s US ISM Services PMI came in below expectations, providing another sign of cooling in the world’s largest economy. According to the CME Fed Watch Tool, the US Federal Reserve (FED) is expected to cut interest rates at its September and October meetings.
- US President Donald Trump, who made statements in a program he attended, made evaluations about tariffs, FED and Russia. The President said that he may announce new customs data on chips next week, and that he will make his decision on the new FED member by the end of the week after Kugler’s resignation. On the other hand, he said that Special Envoy for the Middle East Steve Witkoff will meet with the Russian side in Moscow on Wednesday and that he is waiting for the outcome of these talks before imposing sanctions on the country. Talks with other trade partners are likely to continue.
- Although the ISM data contributed to the deterioration in risk appetite, rising expectations for a rate cut by the FED seem to offset a deep deterioration in perception in the current situation.
- After yesterday’s losses, Wall Street futures point to a slightly positive opening today. In the European stock markets, we are mostly seeing a slight uptrend on the optimism brought by the balance sheets of the continent’s companies.
- Major digital assets remain relatively flat. The gains made yesterday during US trading are being maintained.
- The economic calendar seems quiet, but both the tariffs agenda and the talks between Russia and the US will be on the agenda. In addition, the statements of some Federal Open Market Committee (FOMC) officials will be monitored today and clues will be sought on the interest rate cut course. These evaluations may lead to changes in prices. Our expectation is that volatility may increase slightly from time to time and generally remain flat.
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Highlight of the Day
Important Economic Calender Data
| Time | News | Expectation | Previous |
|---|---|---|---|
| Rare Evo Las Vegas 2025 Las Vegas, United States | |||
| 18:00 | FOMC Member Collins Speaks | ||
| 18:00 | FOMC Member Cook Speaks | ||
| 20:10 | FOMC Member Daly Speaks |
Information
*The calendar is based on UTC (Coordinated Universal Time) time zone.
The economic calendar content on the relevant page is obtained from reliable news and data providers. The news in the economic calendar content, the date and time of the announcement of the news, possible changes in the previous, expectations and announced figures are made by the data provider institutions. Darkex cannot be held responsible for possible changes that may arise from similar situations.
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Disclaimer
The investment information, comments, and recommendations contained in this document do not constitute investment advisory services. Investment advisory services are provided by authorized institutions on a personal basis, taking into account the risk and return preferences of individuals. The content herein is general in nature and may not be suitable for your financial situation. Making an investment decision based solely on the information provided may not produce results aligned with your expectations.
