- US stocks open slightly higher
- IMF lowers global growth forecasts
- Tesla (TSLA.US) stock climbs after record China sales
US indices launched today's session slightly higher, attempting to rebound from recent losses although energy prices continue to soar. The International Monetary Fund lowered its global growth forecast today, citing supply chain challenges and persistent Covid spread. The IMF said central banks like the Federal Reserve should be prepared to tighten monetary policy if inflation runs too hot. Investors also await the earnings season to kick-off tomorrow. Earnings growth is expected to grow about 30% year over year this quarter following a 96.3% expansion in the second quarter, according to Refinitiv.
US2000 broke below local support at 2227 pts which coincides with 100 EMA (purple line) during yesterday’s session, however buyers managed to halt declines at lower limit of the triangle formation. Currently the index attempts to retest the aforementioned 2227 pts level which now acts as resistance. Should break higher occur, upward move may accelerate towards next resistance at 2258 pts which coincides with the upper limit of the triangle formation. Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appCompany news:
Tesla (TSLA.US) stock rose 1.0% in premarket despite a general slump in Chinese car sales last month. Electric carmaker sold over 56,000 vehicles made in China and recorded its best month for local sales since the opening of its Shanghai factory. Overall Chinese car sales plunged by 17% year-on-year in September.
Tesla (TSLA.US) launched today's session slightly higher after the company reported better-than-expected China sales. Currently the price is heading towards resistance at $815.00 which coincides with the upper limit of the ascending channel. Should break higher occur, upward move may accelerate towards all-time high at $902.00. However if sellers will manage to regain control then local support at $765,00 may be at risk. Source: xStation5
CureVac (CVAC.US) shares plunged nearly 15.00% in premarket, however, after the company announced it will discontinue the development of its most advanced Covid-19 vaccine candidate, after clinical tests showed only 48% efficiency rate in preventing serious disease.
Airbnb (ABNB.US) shares rose more than 3% in premarket after Cowen upgraded vacation rental company stock to “outperform” from “market perform,” as it believes that Wall Street is underestimating 2022 bookings growth and that the increase in alternative lodging will be a permanent part of the travel landscape.
Nike (NKE.US) stock rose over1.0% in premarket after Goldman Sachs initiated coverage with a “buy” rating, citing a healthy industry backdrop as well as strong growth initiatives by the athletic footwear and apparel maker.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
