US Stocks Resilient Despite Tesla’s China Woes

[ad_1] S&P 500, Nasdaq Analysis Recommended by Richard Snow Get Your Free Equities Forecast US Indices off to a Slow Start – Tesla Down after China Vehicle Repricing Tesla announced it was cutting prices of its popular Model Y offering in the competitive Chinese market for electric vehicles. The move has been prompted by a

GBP/USD resilient amid mixed US inflation data, UK economic growth

[ad_1] Share: US Producer Price Index (PPI) outpaces June, driving a temporary Greenback rally and GBP/USD dip. University of Michigan poll indicates optimism on inflation’s decline post-Fed’s 525 bps rate hike. UK’s economy outperforms forecasts, bolstering Bank of England’s rate hike stance amidst looming recession fears. Late in the New York session, the

GBP/USD resilient amid mixed US inflation data, UK economic growth

[ad_1] Share: Late in the New York session, the Pound Sterling (GBP) continued to hold its ground against the US Dollar (USD) after UK’s economy grew more than expected, despite US elevated inflation on the producer side. Hence, the GBP/USD trades at 1.2697, gaining 0.16%. Read More… The Pound Sterling (GBP) seems to