Commodity index investors, blamed for record oil prices, sold $39 billion worth of oil futures between their July record and Sept. 2, causing crude to plunge, according to a report to be released today. [Read more]

ISE-100 closed the morning session down participating the european stocks’ decline amid the bad lehman news. ISE-100 closed ar 39669 points down 454 points, 1,13%. Dolar is trading 0,49% percent higher at 1,2365, and Euro is 0,52% high trading at 1,7415 against turkish lira.

ISE-100’s blue-chips are hurt with Garanti losing 3,03%, Akbank losing 2,27%, Isbank losing 5,65% and Turkcell losing 3,13%.

The freefall on oil prices are fueling airlines stocks all around the world and Turkish Airlines is having its share of joy. Fueled with Bosnian airlines and austria air news, THY is on fire recent days. [Read more]

It has been a unstable day. Stocks started the day with losses, later they posted gains nearing 1%, but near the closing bell ISE-100 closed the day down 0,97%, closing at 41124, just above the critical 41000 level.

Turkish lira posted slight losses against dolar, and gained against euro. Recently, Dolar was trading at 1,2265 and euro was trading 1,7285 against the Turkish lira.

Here are some stock prices

Garanti 3,96 unch

Akbank 6,60 1,54%

Turkish airlines 7,10 5,19%

Turkcell 8,00 -1,84%

Isbank 5,70 -2,56%

Turkish stocks recovered from the red zone and finished the morning session 184 points higher at 40714. The index hit 40210 levels as profit taking continued from yesterday’s huge gain. [Read more]

U.S. stocks ended sharply higher Monday after the government seized mortgage giants Fannie Mae and Freddie Mac to prevent trillions of dollars in mortgage-backed securities from defaulting and to bring down mortgage rates nationwide.

The Dow Jones Industrial Average gained 289 points, or 2.6%, to end at 11,510, with 29 of its 30 components advancing. The advance among blue chips was led by a 7.8% rise in Bank of America, one of several major banks in competition with Fannie Mae. The S&P 500 index gained 25 points, or 2%, to end at 1,267, while the Nasdaq Composite rose 13 points, or 0.6%, to 2,269.

Financial-sector shares rallied strongly Monday, reacting to the U.S. government taking control of Fannie Mae and Freddie Mac over the weekend, ending months of speculation about the future of the mortgage giants and reassuring investors that they will not be allowed to fail.

Just after the opening bell, the Dow Jones Industrial Average was up almost 336 points, or 3%%, at 11555.84, erasing all of last week’s decline and then some. The Nasdaq Composite Index was up 2%, trading just above 2300. The S&P 500 was up 2.1% at 1268.53, led by a nearly 7% rise in its financial sector.

[Read more]

Oil rose from a five-month low as Hurricane Ike swept across Cuba, delaying the resumption of crude production in the Gulf of Mexico.

Crude oil for October delivery rose as much as $2.89, or 2.7 percent, to $109.12 a barrel in electronic trading on the New York Mercantile Exchange.

[Read more]

Like all the markets, Turkish stocks are having their own share of the joy today. Investors reacting highly positive to the seizure of the mortgage giants Fannie and Freddie, are buying Turkish stocks. [Read more]

The U.S. Treasury is expected to announce early Sunday afternoon details of a plan under which regulators will effectively take temporary control over government-sponsored mortgage investors Fannie Mae and Freddie Mac. [Read more]