JP Morgan cut its end-2026 forecast for the Turkish policy rate to 35% from 37%, citing lower oil prices and a dovish central bank stance.

The European Central Bank will withdraw about 40 supervisory guidance documents to reduce banks' regulatory burden, Executive Board member Elderson said on Friday. The ECB reviewed more than 130 such documents to streamline them and make them easier to use; the items being removed are either outdated, superseded by new rules, no longer applicable, or have been revised. Post-crisis, European authorities are seeking to trim the large requirements placed on banks to improve supervisory efficiency while preserving financial‑system resilience. European banks say the changes remain insufficient compared with U.S. steps to remove or relax some regulatory requirements.

South Korea's KOSPI opened down 112.4 points (-1.26%) at 8,817.9 on Friday, June 26.