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14.01 - Tesla added almost 10 percent in one session.

14.01.2020

 

Yesterday one of the final steps was taken in order to come closer to signing Sino-US trade deal. And that is of course the arrival of Chinese Vice Premier Liu He to Washington. The official is there to sign the deal so long awaited by the entire world. 18 months of trade war has really left a mark on all of us and we are waiting very cautiously for the signing. After all, we all know how unpredictable Americans can be and we all remember that Trump has already pulled away from the deal once. He probably has nowhere to go now, but we’d better remember about the risks, then be surprised by them.

 

Currencies are keeping on with their directions that they assumed yesterday - the greenback is growing, which is nice to see after the falls it took earlier. Euro manages to push back against its green counterpart and nudges a little bit higher. Surely, pound is truthful to the drop. After all, Brexit is just around the corner and investors, knowing about the losses, are not going to just stand by and wait for pound to fall horribly.

 

Oil nudges a little bit higher with trade deal expectations giving birth to fears on the future supply cuts. There is also the matter of US crude oil inventories being cut – not a pleasant ordeal that we possibly will have to face in the nearest future.

 

The real star of the markets today is Tesla. The stock of the company surged by almost 10 percent in yesterday’s trading session. Stock of Tesla flew so rapidly and unexpectedly that it is safe to say that during the course of the last 3 months Tesla gained 108 percent of its price. Experts say that all of the growth is due to Tesla’s changing policies and newest developments that instantly attract investors and buyers, who pre-order thousands of cars hours after the they are presented. Not a bad day for Tesla.

 

Here are the main changes for the day:

 

Topix recovered 0.2 percent.

Kospi grew 0.4 percent.

Shanghai Composite lost 0.2 percent.

Hang Seng from Hong Kong lost 0.3 percent

S&P 500 was barely moved.

Dow Jones surged 0.3 percent.

Euro recovered 0.1 percent against the greenback - $1.1138.

Pound declined 0.3 percent - $1.299.

Yen lost 0.4 percent – 110.07 per dollar.

Canadian dollar dropped 0.1 percent - $1.3058.

Tesla grew 9.8 percent - $524.86.

Apple grew 2.1 percent - $316.96.

Facebook increased by 1.8 percent – $221.91.

Amazon added 0.4 percent - $1891.3 per share.

Google advanced 0.8 percent - $1440.03.

WTI grew 0.2 percent - $58.15 per barrel.

Brent added 0.2 percent - $64.32 per barrel.

Gold decreased 0.6 percent - $1538.4 per ounce.

Silver shed 1.1 percent - $17.71 per ounce.

Platinum lost 0.8 percent – $967.02.