Tesla registrations in several key European markets plunged in November from a year earlier as the U.S. EV maker continued to struggle to stem market share losses despite rolling out new versions of its best-selling Model Y.
Investors will look in the coming week for signals about profitability for AI companies, as well as the broader economy’s health, to steady the U.S. equity market. Stocks rebounded last week from their biggest pullback since April, helped by a firming conviction that the U.S. Fed will cut interest rates in December.
The U.S. dollar notched its worst weekly performance since late July on Friday as traders increased bets that the Federal Reserve will cut rates again next month. The dollar has dropped last week as traders conclude that weakening labor data will lead to more rate cuts.
CoinShares filed to withdraw its plan to launch three exchange-traded funds, as the European cryptocurrency firm plans to focus on higher-margin opportunities ahead of its U.S. listing. CoinShares has filed with the SEC to withdraw its registration statements for XRP ETF, solana staking ETF, and litecoin ETF.
Gold prices hovered near an over one-week high, after expectations the U.S. Federal Reserve will trim interest rates next month kept non-yielding bullion a favoured asset.
Investors piled into long-dated UK bonds, pushing yields down by the most since April, and boosted the pound after UK finance minister Rachel Reeves’ budget helped alleviate some concern about Britain’s long-term finances.
