analysis

Tesla Inc. may be headed for a gloomy milestone as waning demand for electric vehicles and elevated interest rates take a toll on sales. Analysts on Wall Street have dramatically lowered their projections for this week's deliveries report, which would be down over 6% from the company’s record record of the fourth quarter which tends to be the best time of year for sales. Key will be delivering more cars than the 422,875 managed in the first 3 months of 2023 and avoiding

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The March Index reached all estimates in a Bloomberg survey of economists. https://tinyurl.com/23dbv3bw

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The ISM Manufacturing PMI in the United States increased to 50.3 in March 2023 from 47.8 in February and beat market expectations of 48.4. There were positive trends in demand with indicators such as the new orders index (51.4 vs 49.2 in February) and the new export orders index (51.6, the same as in February) showing growth while backlogs (at 46.3) continued to decline. Meanwhile, prices have risen moderately to 55.8 from 52.5 driven by volatile commodity prices.

nkrgyevrdrdrnn has gained a magnificent victory in the country’s Sunday local elections across several major cities, a massive blow to President Recep Tayyip Erdogan’s ruling party and the biggest defeat in over two decades. Erdogan’s conservative Justice and Development Party, abbreviated locally as AKP, dominates the country at national level and will work to rectify its errors.

Gold rose to a record level on Monday as the Federal Reserve added an impetus to a rally that has been driven by geopolitical tensions and robust Chinese demand. The Fed’s preferred measure of underlying inflation — the core personal consumption expenditures index — cooled in February when many markets were closed. That adds to the case for a reduction in borrowing costs, although the central bank has been cautious.

**The ratio of commodity prices to the S&P500 index is near historical lows**

The Caixin China General Manufacturing PMI increased to 51.1 in March 2024 from 50.9 in the previous month, beating market estimates of 51. It was the fifth straight month of growth in factory activity and the fastest pace since February 2023, with foreign sales rising the most in a year while output climbed the most since last May. On inflation, input prices fell for the third straight month and the most in eight months due to efforts to stimulate new demand.

Thai construction giants'shares plunge 30% after loss of $29.5million