Global markets were higher overnight with the Tech sector leading gains on Wall Street with Apple becoming the world’s first $1 trillion listed company.
US Stocks shrugged off trade tensions overnight which remain an ongoing concern for markets. Before the US trading session, stocks across Asia were lower, including Australia, as demand concerns weighed on commodities prices, which fell across the board as the US-China trade war deepened. The US is reportedly proposing to lift tariffs on $US200 billion worth of goods from 10% to 25% with China responding by saying it would take countermeasures.
Stock in Focus: Tesla (TSLA:Nasdaq)
Shares in Tesla jumped +16% overnight after the company convinced investors that it will able to yield positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologized for past provocative remarks.
Tesla said it expects to increase Model 3 production to 6,000 per week by late August, buoying expectations that the Elon Mu...
