On Tuesday, the stock price of Tesla continued to decline, as during the first hours of the day's trading the price reached the $1,035.00 level. The share price of the company began to fall, as the CEO Elon Musk announced that he would sell 10% of his TSLA assets to pay off taxes.
By the start of Tuesday's US trading hours, the price for Natural Gas had almost plummeted by 7.50%, as it reached the October 21 low level at $5.050. Since October 6, the price has been booking lower low and lower high levels.
Prior to the start of Tuesday's US trading hours, General Electric announced that the company would split into three separate entities. The news caused a stock surge, as the GE stock price jumped 7.31% and touched a new all-time-high level at $116.27.
This week, the US Justice Department and Federal Trade Commission revealed that it had received notifications for more than 4,000 mergers in the period from March 2020 up to September 2021.
Data published by the New York Federal Reserve on Monday revealed that US consumers expect the annual inflation to increase to 5.7%, comparing October 2021 and October 2022.
On Monday, the HDE industry association in Germany revealed that the German retail sector expects Christmas sales to rise this year to 111.70 billion EUR.
On Tuesday, the price for Bitcoin reached the $68,530.00 level, as the price had been steadily surging since the middle of Friday. Since Friday, the price had gained more than 13.50%.
Since Monday, crude oil prices surged, as the new US infrastructure spending plan was expected to boost the demand for energy commodities.
This week, McAffee Corporation announced that a consortium of private US equity firms would take the company private.
On Monday, the price for AMD jumped 11.26% or $15.51. The surge occurred due to the company announcing that it had gained Meta Platforms as a data centre chip customer.
On Monday, Kyodo news reported that the Japanese government would consider a new stimulus package valued more than 30 trillion Yen.
On Friday, OPEC+ countries declined the offer of the United States to increase oil output. The news caused a crude oil price surge.
During Monday's European trading hours, the price for Ethereum hit a new all-time-high level, as the $4,770.00 mark was reached.
During Monday's US pre-market hours, the stock price of Tesla declined by 7.5%, as the CEO of the company Elon Musk had announced on Saturday that he would sell 10% of his shares.
It was revealed by Eurostat that in September an unexpected drop occurred in retail sales.
On Monday, Finance Ministers of the European Union met to discuss the recent jump in consumer prices and wage stagnation.
During Monday's early European trading, the FTSE 100 index remained flat, as gains in energy stocks were offset by consumer shares.
During Monday's early European trading hours, the US Dollar's value remained flat, as inflation worries were offset by lockdown easing news.
On Friday, the High Court of Australia refused to hear the appeal of Johnson & Johnson, which was intended to overturn a ruling in regards to defective pelvic mesh implants.
Due to better than forecast US monthly employment data on Friday, the US Dollar's value has reached a one-year-high level.
Data published by Markit Institute this week revealed that business growth in the Euro Zone in October reached a six month low level.
After surging more than 35.00% since October 25, on Friday, the stock price of Nvidia traded above the $300.00 mark. Most recently, the stock price booked 12.12% gains during Thursday's trading.
Data published on Friday, revealed that the US Unemployment Rate had declined to 4.6%. The news boosted US assets and the value of the US Dollar.
On Friday, the US stock market indices booked new all-time-high levels, as gains of nearly 0.75% were booked at the start of trading.