US stock indices broke new records following the below-expected September US CPI data. While the headline data fell short of expectations at %0.3 monthly and %3.0 annually, the core data was released below expectations at %0.2 monthly and %3.0 annually. While the core CPI data was released at its lowest level in the last 3 months, strong pullbacks were seen in the rent and components categories, and risk appetite increased in global stock markets. The S&P 500 gained %0.79, the Dow Jones Industrial Average %1.01, and the Nasdaq %1.15. 6 of the 11 main sectors in the S&P 500 Index were priced positive. Technology %1.58, telecommunications %1.27, infrastructure %1.18, and finance %1.10 showed the best performances, gaining value. The energy, raw materials, and essential consumer goods sectors showed the weakest performances. At the start of the week, it was announced that a preliminary framework agreement on tariffs had been reached following the fifth round of trade talks held in Malaysia by US and Chinese delegations. It was announced that Donald Trump and Xi Xinping will meet as part of the Asia-Pacific Economic Cooperation Summit on October 30, and optimism continues in global markets.

USA

  • Intel (INTC) shares started the day on a strong positive note after the financials, where they reported profit and revenue above expectations, but were unable to maintain their gains and ended the day with a 0.31 premium to %.
  • Advanced Micro Devices (AMD) shares rose 7.63% after rival Intel reported financials showing an improvement in PC sales.

 

  • Deckers Outdoor (DECK) hisseleri, ciro ve kar rakamlarının yıllık bazda büyüme kaydetmesine ve beklentileri aşmasına rağmen tam yıl tahminlerinin zayıf kalmasıyla %15,20 değer kaybıyla işlem gördü.

 

  • Ford Motor (F) hisseleri, 50,5 milyar Dolar rekor ciro ile 2,6 milyar Dolar faaliyet karı açıklamasının ardından %12,16 değer kazandı. Her iki rakamda da beklentilerin aşılması ve 2026 yılında F serisi üretim hacmini 50.000’den fazla artırarak 1.000 yeni iş yaratmayı planladığını da açıkladı.
  • Newmont (NEM) hisseleri, altın madencisi şirketin 1,71 HBK ve %20 ciro büyümesi ile beklentilerin aşıldığı finansallara rağmen günü %6,20 değer kaybıyla sonlandırıd.

 

Europe

 

  • Sanofi (SAN) shares were the best performers on the Euro Stoxx 50 Index, gaining %2.52.

 

  • Kering (KER) shares were the weakest performers on the Euro Stoxx 50 Index, losing %3.86.

EUR/USD
The EUR/USD pair fell 0.07% to 1.1621. The pair has lost 0.93% of its value in the past month and gained 7.43% in the last 12 months. Markets expect two interest rate cuts from the Fed by the end of the year and one from the ECB by mid-2026.

GOLD
Gold fell %1 to $4,070 an ounce as progress in US-China trade talks dampened safe-haven demand. A preliminary agreement reached in Malaysia bolstered expectations of a potential deal between Trump and Xi, while markets this week focused on the Fed's 25 basis point interest rate cut decision.

SILVER
Silver opened the week weaker, falling to $48 an ounce as progress in US-China trade talks dampened safe-haven demand. The Trump-Xi summit on Thursday is expected to yield positive results, with the two sides reaching agreement on many issues. Furthermore, expectations of a Fed rate cut this week and profit-taking from last week are adding to the pressure on the metal.

CRUDE OIL
WTI crude oil rose to a two-week high of $61.6 a barrel on Monday. Positive signals from the US-China trade deal bolstered the energy demand outlook, while new Russian sanctions on Rosneft and Lukoil, fueling supply concerns, pushed prices higher.

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