Last Week's Market Report: Fed, Gold, BIST, and More

Important Developments from Last Week

In global markets last week, the fluctuation of gold and silver prices was noteworthy due to decisions from the Fed and the European Central Bank (ECB). Additionally, the meeting between Trump and Xi and Trump's visits to Asia made headlines. Domestically, there was a flow of data and significant developments regarding company financials.

1- Fed Lowered Interest Rates and Halted Balance Sheet Reduction

The US Federal Reserve (Fed) lowered the policy interest rate by 25 basis points at its October 28-29 meeting, bringing it to the 3.75-4 range. This was the second interest rate cut the Fed has made in 2025. Click here for more.

2- Gold Prices Followed a Volatile Trend

Following conflicting statements from Fed officials regarding the interest rate cut, gold prices initially fell and then recovered. Check here for details.

3- ECB Kept Interest Rates Steady

The European Central Bank (ECB) kept the interest rate at 2%, as expected. The overnight lending rate remained at 2.40%. Click here for more information.

4- Trump and Xi Held Historic Meeting

US President Trump and China’s President Xi Jinping held a bilateral meeting in Busan, South Korea, which drew attention with messages of trade cooperation. Details of the meeting are here.

5- Nvidia Set New Record in Market Value

Nvidia reached a market value of $5 trillion, achieving a historic milestone. Click here for more information.

6- Tech Giants Announced Third Quarter Financials

US tech giants Apple and Amazon released their third quarter financials. Apple's net sales rose by 8%, while Amazon's sales increased by 13%. Check here for all details.

7- Tüpraş Exceeded Profit Expectations

Tüpraş reported a net profit of 12.2 billion TL for the third quarter of 2025. This figure represents an 11% increase beyond expectations. Click here for details.