Wall Street surged as investor risk appetite was buoyed by Trump’s latest tariff respite and an unexpected jump in consumer confidence. A rally sent all three major U.S. stock indexes higher, with strength in the AI-related “magnificent seven” group of stocks putting Nasdaq out front.
Tesla’s sales in Europe fell 49% in April from a year earlier, even though battery-electric car sales rose 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region.
Tesla’s stock rose 6.4% following a 4.4% intra-session dip. The MACD’s is giving a negative signal.
Support: 335.77 | Resistance: 384.9
The dollar strengthened as the yen came under pressure from a sharp fall in Japan’s long-dated bond yields, while the greenback was boosted by data improving U.S. consumer confidence.
After a 1.6% dip during the last session, the Dollar-Yen pair closed with a 1.2% gain. The Stochastic-RSI indicates an overbought market.
Support: 140.48 | Resistance: 147.46
Global markets climbed and the euro rallied after U.S. President Donald Trump kicked his threat to slap 50% tariffs on European Union goods into July, marking another temporary trade policy reprieve.
Gold prices fell after U.S. President Donald Trump dropped his threat to impose 50% tariffs on goods from the European Union from June 1, reducing demand for the safe-haven asset. Markets in the US and UK were closed on Monday due to public holidays.
The Gold-Dollar pair traded sideways in the last session. The Stochastic indicator is giving a positive signal.
Support: 3292.5 | Resistance: 3390
The euro hit a one-month high against the U.S. dollar after U.S. President Donald Trump backed down from threatened 50% duties on European Union shipments from June 1, as the bloc asked for time to “reach a good deal”.
