AI-generated summary
October CPI data in the USA were above expectations, strengthening the Fed's interest rate hike expectations.
While the BIST 100 index decreased by 50.81 points compared to the previous closing, the total transaction volume was 141.9 billion lira.
The banking index lost 0.03 percent and the holding index lost 1.38 percent.
Among the sector indices, the one that gained the most was communication with 5.31 percent, and the one that lost the most was informatics with 3.94 percent.
In global markets, expectations that the US Federal Reserve (Fed) will increase interest rates in December have strengthened as October inflation in the US exceeded forecasts, while a mixed course is observed as the rise in bond interest rates and the dollar suppresses risk appetite.
Consumer Price Index (CPI) in the USA increased by 0.4 percent on a monthly basis in October, above the expectation of 0.3 percent. In the same period, core CPI increased by 0.3 percent, exceeding the expectation of 0.2 percent.
Analysts stated that tomorrow, retail sales in the country, machinery orders in Japan, inflation in Germany, weekly mortgage applications in the USA and the speech of European Central Bank (ECB) President Christine Lagarde will be followed abroad, and noted that technically, 11,500 and 11,400 points in the BIST 100 index are support, and 11,800 and 11,900 points are resistance.

Tesla's Chinese domestic market sales fell 66.1 percent in October to 8,817 units; This is the worst October performance since 2020 and the lowest monthly level since July 2022. The company is trying to offset the contraction by exporting 59,012 vehicles from its Shanghai factory, up 66.3 percent.
The ounce price of gold in global markets lost more than 2% in value due to the Fed's possible aggressive monetary policy and high CPI data. Bitcoin fell below 75 thousand dollars due to selling pressure.

JLR claims BYD reverse-engineered the Land Rover Defender when developing the Ti 7 model. Before the lawsuit to be heard in The Hague, BYD described the allegations as unsubstantiated and continues sales of the model in the United Kingdom.

Andrea Nahles, President of the German Federal Employment Agency, announced that artificial intelligence will destroy 800 thousand jobs in 15 years, but will create a similar number of new jobs. Nahles emphasized that the shortage of qualified labor will be the country's biggest problem in the future.

As the CPI in the USA exceeded expectations in October, the possibility of the Fed increasing interest rates became stronger. This development caused a sharp decline in gold prices, while ounce gold fell to 4 thousand 39 dollars and gram gold fell to 6 thousand 511 liras.
Şişecam participated as a Climate Supporter at the COP31 Climate Summit held in Antalya between 9-20 November. The company shared the research it conducted in cooperation with METU-GÜNAM. According to the research, it was determined that 13.1 million tons of carbon emissions could be prevented by 2050 if high-performance glasses became widespread in Istanbul.