Tesla shares closed up nearly 9 per cent on November 11, continuing to ride a postelection rally as President-elect Donald Trump, closely allied with CEO Elon Musk, begins to set up his presidential cabinet, according to a detailed report by CNBC.

Tesla stock climbs 9%, breaks $1 trillion market cap milestone

The Euro dropped to its lowest level in nearly seven months against the US dollar on November 11, weighed down by investor worries about possible tariffs by a new White House administration which could hurt the Euro area's economy, according to a detailed report by Reuters.

Euro scales near 7-month low vs dollar as tariff concerns weigh: Report

Bitcoin touched another high on November 11, as the rally in cryptocurrencies continued following Donald Trump’s election win, as detailed in a report by CNBC. The price of the flagship cryptocurrency was last higher by more than 12 per cent at $89,174, according to Coin Metrics.

Bitcoin crosses $89,000 as crypto euphoria over Trump's election win shows no sign of slowing

Japanese Prime Minister Shigeru Ishiba on November 11, unveiled a $65 billion plan to boost the country's chip and artificial intelligence (AI) industries through subsidies and other financial incentives, according to a detailed report by Reuters.

Japan unveils $65 billion plan to support domestic chip industry

The potential return of Donald Trump to the White House could pose significant challenges for Chinese electric vehicle (EV) manufacturers eyeing the US market, according to a detailed report by the South China Morning Post.

Trump's return might hurt Chinese EV makers

Canadian Prime Minister Justin Trudeau has cautioned that imposing tariffs or trade barriers on Canadian goods would not only damage Canada’s economy but also hurt American workers and jobs according to a detailed report by Bloomberg.

Trudeau warns US tariffs on Canada would harm American workers

The exodus of foreign investments from Indian equity markets continued unabated, with FPIs pulling out nearly Rs 20,000 crore in the last five trading sessions on higher valuations of domestic stocks and shifting their allocation to China, according to a detailed report by the Press Trust of India.

Foreign investors pull out nearly Rs 20,000 Cr from equities in the last 5 trading sessions

Tesla and SpaceX CEO Elon Musk has endorsed a controversial idea that could reshape US economic policy: allowing the president to have direct influence over Federal Reserve decisions, according to a detailed report by CNBC.

Musk supports Trump’s push to weaken Fed independence

Bitcoin hit a new all-time high near $81,000, with futures premiums surging, signalling strong investor confidence that the cryptocurrency's record rally is set to continue.

Bitcoin hits all-time high, with $2.8 billion riding on it reaching $90,000

China’s consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed on Saturday, even as Beijing doubled down on stimulus to support the sputtering economy, according to a detailed report by Reuters.

Despite stimulus, China's consumer prices edge up at lowest pace in four months

The dollar began the week on a cautious note Monday as markets prepared for upcoming US inflation data and a busy schedule of Federal Reserve speeches. Meanwhile, the yuan continued to struggle, weighed down by the lacklustre response to Beijing's most recent stimulus package, according to a detailed Reuters report.

Dollar prepares for US inflation data and remarks from multiple Fed officials

Minneapolis Federal Reserve President Neel Kashkari on November 10 stated that President-elect Donald Trump’s tariff proposals could worsen long-term inflation if global trading partners were to strike back, according to a report by CNBC.

Trump tariffs could spark inflation if global trade responds, says Kashkari

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Zee News Rajasthan

Editor

Hanshika Ujlayan

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