In Europe, the trading day began with a rise in stock prices, with the German DAX, French CAC, and British Potsey indices all experiencing an increase. Meanwhile in China, restrictions on Tesla cars were lifted after safety data was provided. Tesla CEO Elon Musk traveled to Beijing to promote autonomous driving technology in the Chinese market. Collaboration with Baidu helped Tesla obtain approval for the technology.
Asian trading started with price increases in China and Japan. Wall Street is expected to open with a slight increase following a strong week of trading. The performance of tech giants like Meta, Alphabet, Microsoft, and Intel influenced market movements. Major retailers including Amazon, Coke, McDonald’s, and Starbucks will release their reports this week.
The Federal Reserve will meet to discuss interest rates this week. Chairman Powell is expected to address economic concerns during the meeting. There has been speculation about political interference in central bank decisions. Employment figures will also be released later in the week. Bond yields and oil prices remain stable.
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