The S&P 500 rose another 0.6 percent yesterday. and reached already 32 record value this year. The value of the index has exceeded the symbolic value of 5500 and has already grown by more than 15 percent this year.
Tesla's stock rose more than 10 percent. and was the biggest contributor to a new S&P 500 record. During the second quarter, the company delivered slightly more cars to buyers than analysts expected, about 15 percent. more than in the first quarter. It's been a tough year for Tesla's share price, but it's already up 25 percent over the last 6 trading sessions. Asian stock markets this morning are following yesterday's positive sentiment in the US and heading for new records. The value of Japan's Nikkei 225 index rises by about 1.5 percent. and this year it records over 20 percent. increment. SoftBank Group, an active investor in promising technology companies, reached a new record high this morning. The company's shares have recovered from a fall that began in 2021 when Beijing announced new bans on tech companies, as well as poor investments like WeWork.
June inflation in the Eurozone was decreasing and continued its journey towards 2%. purpose. In June, prices grew by 2.5 percent. pace as expected by the market. Nevertheless, core inflation remained unchanged at 2.9 percent. Due to the still "sticky" prices of services, ECB leaders emphasized that the threat of inflation in Europe has not yet disappeared. Markets still expect between one and two rate cuts this year. The scenario of two reductions is supported by at least several members of the governing council, including Gediminas Šimkas. No change in interest rates is expected at the next meeting on July 18, but all hopes are now for a cut in September.
