Key Developments Before the Market Opens on October 21

Key Developments Before the Market Opens on October 21

Before the market opening on October 21, 2025, many developments are taking place that investors need to pay attention to. Recently, uncertainties regarding trade agreements between the US and China have been affecting the agenda. President Trump has expressed his intention to conduct a series of negotiations with Chinese President Xi Jinping to resolve these uncertainties. Otherwise, there is information that a 100% additional tariff will come into effect on November 1, continuing to have an impact on the markets.

Earnings Announcements and Market Reactions

This week is intense regarding earnings announcements. Approximately 85% of S&P 500 companies managed to exceed profit forecasts. The results of giants such as Netflix, Tesla, Coca-Cola, and Intel are particularly being followed. In this case, investor interest in the stock markets has increased.

Bond Market and Interest Rate Expectations

In the bond market, the US 10-year yield has stabilized below 4% at 3.98%. This situation has led to an increase in the probability of the Fed making a 25 basis point interest rate cut at its October meeting to approximately 99%. Additionally, the VIX index, which measures market volatility, has fallen to the level of 18.5. Moreover, the Dow Jones, S&P 500, and Nasdaq indices have shown an increase of between 1.1% and 1.4%.

Changes in Commodities and Other Markets

Gold has gained more than 2% in value, exceeding $4,350, due to increased demand for safe havens. Silver has stabilized at $52. Brent crude oil has declined to $60.8 due to concerns about oversupply, continuing to attract investors' attention.

In Turkey, the BIST100 index is showing an upward trend. Yesterday, it rose by 2.7% to 10,484, led by bank stocks. Investors' expectations of a possible interest rate cut by the Central Bank of the Republic of Turkey (CBRT) have relieved the market. However, possible political developments and the MPC meeting that will occur throughout the week will continue to affect investor sentiment.

Highlighted Stocks

• Gür-Sel Tourism Transportation (GRSEL)
• Katılımevim Investment Finance (KTLEV)
• Gülermak Heavy Industry (GLRMK)
• İpek Natural Energy (IPEKE)

Despite a cautious trend in the markets, the upcoming interest rate decision and earnings results to be announced this week are among the factors that investors are closely monitoring.