Record surge in Tesla stock
Description
Tesla shares rocket by 21.9 percent – the company’s largest one-day gain in more than a decade – as U.S. markets hope to avoid their first negative week in six. The IMF warns that the growth gap between the EU and U.S. will only widen further. We hear from ECB board member and governor of the National Bank of Belgium, Pierre Wunsch, who says he would consider a 50 basis point rate cut should data move in the wrong direction. Japanese voters head to the polls this weekend with the ruling LDP facing the prospect of a heavy defeat and the first possible loss of parliamentary majority since 2012. And in the U.S. a court blocks a merger between Coach owner Tapestry and the owner of Michael Kors, Capri Holdings.
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