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Tesla delivered 486,532 vehicles in the third quarter versus expected 456,896. The result came in about 6.5% above the forecast, but at the same time 2% lower than a year earlier.
On October 2, the Nasdaq 100 updated its all-time high, and Nvidia shares also reached a new record. Both moves occurred in the first minutes of the main US session and were closely linked to each other.
Preliminary eurozone inflation for September accelerated to 3.8% year-on-year versus a forecast of 3.7% and 3.2% a month earlier. The core measure rose to 2.5%, which strengthens the arguments against a rapid easing of ECB policy.
Dallas Federal Reserve Bank President Lori Logan said the Fed rate needs to be raised by at least another 50 basis points so that monetary policy becomes moderately restrictive and helps bring inflation back to the 2% target.
After softer inflation data, the market sharply lowered expectations for a Fed rate hike in October. The probability of such a decision dropped to about 35-37%, whereas at the beginning of the week it exceeded 70%
Today, September 30, at 15:30 MSK, the US releases Core PCE. The forecast is 0.3% versus 0.2% a month earlier. The indicator is important for assessing the further trajectory of the Fed rate.
New York Fed President John Williams said that risks to employment have decreased, and inflation remains the key problem. The dollar responded with growth.
