Investors look forward to the impact of higher input costs on margins in an earnings-heavy week.
Shortly after the now infamous speech, Beijing suspended the listing of its fintech arm Ant Group and has since followed up with a widespread crackdown on the country’s most vibrant sectors — causing Chinese stocks to tank.
US stock markets struck fresh records on Monday as investors awaited earnings results from tech firms and cheered the latest Tesla surge while European traders looked ahead to an ECB rate decision and the UK budget later in the week.
Tesla is the first carmaker to join the elite club of trillion-dollar companies that includes Apple Inc, Amazon.com Inc, Microsoft Corp and Alphabet Inc.
In early trade, the stock gained nearly 3 per cent after the company reported a 43 per cent jump in September quarter net profit.