Global Markets: Trump-Iran Tensions and AI Momentum - Weekly Outlook

Geopolitical Risks and Rising Oil Prices Global markets have concluded a critical week marked by escalating tensions between the United States and Iran.
US President Donald Trump's 10-day deadline for resolving the Iran issue, coupled with Iran's threat to close the Strait of Hormuz, triggered concerns over energy supply security.
Following these developments, Brent crude oil prices rose by 6% over the week, reaching $71.2 per barrel.
Legal Hurdles for US Tariffs Regarding trade policy, a significant ruling emerged from the US Supreme Court.
The court ruled that the International Emergency Economic Powers Act (IEEPA), which the Trump administration cited for additional customs duties, does not grant the president direct authority to impose tariffs.
Following the decision, the White House announced that alternative legal avenues are being explored to implement the tariffs.
Fed Minutes and Interest Rate Expectations Minutes from the Federal Reserve's latest meeting indicated that uncertainties regarding inflation and the labor market persist.
Some board members noted that further interest rate cuts could be possible if the disinflationary process continues.
Market expectations for the first rate cut have shifted to July, while the US 10-year Treasury yield closed the week at 4.09%.
AI Momentum and Tech Stocks Risk appetite in the markets was bolstered by strategic moves in the artificial intelligence sector by technology giants.
A multi-year partnership announced between Meta Platforms and Nvidia provided momentum for industry stocks.
On a weekly basis, Meta shares gained 2.5%, while Nvidia rose by 3.83%.
In New York, the S&P 500 index increased by 1.07%, and the Nasdaq index rose by 1.13%.
Developments in European and Asian Markets In Europe, investors monitored statements regarding Christine Lagarde's term and UK inflation data, with the FTSE 100, DAX, and CAC 40 indices all closing the week with gains.
In Asia, Japan's inflation rate fell to 1.5%, marking its lowest level in two years.
Domestically, Borsa Istanbul continues its activity focused on messages from economic management and corporate earnings reports.