AFP Asia Business
Tesla helps drive stocks mostly higher
Wall Street stocks finished mostly higher Thursday as markets cheered strong results from Tesla and as US Treasury bond yields pulled back.Elon Musk’s electric vehicle company piled on nearly 22 percent after reporting higher earnings, ending a streak of disappointing results.Deutsche Bank called Tesla’s profit margins “impressive,” adding that Musk’s commentary on 2025 sales was …
European stock markets climb, oil jumps
Europe’s main stock markets rose solidly Thursday thanks to well-received earnings updates and the prospect of more regional cuts to interest rates.Major Asian indices closed mixed after sizeable losses on Wall Street Wednesday, with US Treasury yields climbing on concerns that inflation risked rising again.Oil prices jumped 1.5 percent as the crude market continued to …