Global markets were mixed on Tuesday’s trading session with news of vaccine development dominating major markets from Asia, Europe to Wallstreet. Amid the rising tensions between China and the US, Russia announced it had registered the World’s first covid19 vaccine.
Commenting on Russia’s vaccine announcement, Counsellor to President Donald Trump, Kellyanne Conway noted that US vaccine standards are “more stringent” than those of Russia
Data from China’s Auto Industry Association CPCA on Tuesday showed that Tesla Inc. 11,000 units of its Model 3 vehicles sold in the month of July. The demand for model 3 spiked in May as Tesla tripled its Model 3 sales in China during the month.
The company recently released its Q2 earnings beating analysts expectations despite a 4.9% decline in revenue and a 5% decline in total deliveries to 90,891 in the same period.
Tesla share price on Monday traded 2.4% lower to close at $ 1,419.03. The stock is down by 8.19% over the last one month while up +75% over the last three months and up +239% since the start of the year.
US Job Openings Data
The US Bureau of Labor Statistics on Monday announced that job openings in the country hit 5.9 million in June after rising by 518,000 during the month. According to the report, the turnover rate came in at 3.5%, at 4.8 million in June. Job quits rose to 2.6 million, while layoffs and discharges were little changed at 1.9 million.
East Man Kodak Insider Trading
Shares of American technology and pharmaceutical company Eastman Kodak fell by as much as 43% on Monday’s trading session following reports that the US Government was investigating the company on claims of insider trading. According to Market Watch, the U.S. International Development Finance Corp is planning to withhold the $765 million loan after the deal came under regulatory scrutiny.