Tesla deliveries may have sharply fallen in Q1 [Video]
|The new quarter started on a hawkish note. The S&P 500 closed the first trading session of the new quarter in the negative after the ISM data unexpectedly jumped into the expansion zo ne in March, the prices accelerated faster than expected and Atlanta Fed’s GDPNow spiked to 2.8% from 2.3%. US US data suggests that the Federal Reserve (Fed) should be in no rush to cut the interest rates. The odds of a June rate cut fell to – and shortly - below 50% yesterday for the first time this year. As such, the US dollar index kicked off the new quarter on a solid footage, the dollar index soared past the 105 level. The euro, sterling and the yen weakened against the greenback.
Gold advanced to fresh record, crude oil extended gains to near $85pb on rising geopolitical tensions.
US factory orders and JOLTS data, German inflation and EZ final manufacturing PMI data will be on the menu of the day.
In the corporate space, the quarterly deliveries from carmakers will be in focus with Tesla expected to have recorded its first sales decline in years.
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