"Balance of the Season and Recent Developments in the Markets"

This Week's Major Developments

Last week, the earnings season kicked off with the balance sheet announcements of major banks, followed by the results of technology giants Tesla and Netflix, creating significant volatility in the markets. Borsa Istanbul, under the shadow of increasing geopolitical and trade uncertainties, managed to maintain its momentum thanks to rising oil prices and strong corporate results. The BIST 100 Index attracted attention by surpassing the 11,000-point level again with an increase of over 4% on the last trading day of the week.

Results from Technology Giants

During the earnings season in the U.S., Netflix reported a revenue increase for the third quarter in line with expectations. However, the company noted that the drop in operating profit and margin was due to higher costs from tax disputes in Brazil. On the other hand, Tesla recorded a 12% increase in third-quarter revenue after two consecutive quarters of decline, yet its profit fell short of analyst expectations.

Important Cases and Investments from Turkey

Mia Technology was acquitted in the lawsuit regarding the termination of its contract with AFAD due to allegations of “violation of provisions,” eliminating a one-year ban on participating in public tenders. Additionally, the Central Bank of the Republic of Turkey (CBRT) affected the markets by announcing a 100 basis point reduction in interest rates, lowering them to 39.5%. This sparked serious debate among investors.

International Developments and Strategic Partnerships

According to Bloomberg, Google is in talks for a significant cloud computing deal with the artificial intelligence startup Anthropic. Additionally, Warner Bros. Discovery is assessing the possibility of a potential sale as part of its strategic review process, aiming to separate its broadcast and studio businesses from its global network operations.

Significant Collaborations in the Crypto World

In the crypto world, Aave is partnering with Maple Finance to bring decentralized liquidity and institutional capital together. Hyperliquid Strategies has filed for a $1 billion public offering to expand its HYPE token treasury.

In summary, the significant developments of the week continue to attract investor interest, driven by the volatility of stock indices and corporate earnings results. Collaborations and strategic moves in the crypto market are shaping global economic dynamics.