In global markets, a mixed trend is emerging following the selling pressure that occurred after tariff disputes, driven by optimism in negotiations. The tariff measures taken by US President Donald Trump continue to be a source of uncertainty on a global scale. Many countries that participated in negotiations on US tariffs announced yesterday that they would send delegations to the US, which helped reduce the risk perception in equity markets. Trump, yesterday, in response to a question on whether tariffs are a negotiation strategy or permanent, said, “Tariffs could be permanent or there could be negotiations. Because there are things we need beyond tariffs.” President Trump also reiterated that they would impose an additional 50% tariff on China if the country does not withdraw the retaliation tariff of 34% announced. Analysts noted that investor focus is on Trump’s expressions that he may approach negotiations on tariffs moderately, and said that along with future negotiations, rates on reciprocal tariffs could be adjusted. WILL THERE BE A RATE CUT IN THE US? Yesterday, as concerns grew over growth rates being jeopardized after increased risk perception and tariffs, pricing in money markets regarding the Fed’s rate cut process changed, and it is currently estimated that the Fed will begin the first rate cut of the year in June in parallel with past projections in money markets. Following these developments, there are recoveries in bond yields, and at the moment, the US 10-year bond yield is at 4.15%, while the dollar index is at 102.9 levels with a 0.5% decline. The price of an ounce of gold ended yesterday at $2,982 with a 1.8% decrease, and in the new day, it is trading at $3,000 with a 0.5% gain. The barrel price of Brent crude oil is also at $64.9 with a 0.9% increase.