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U.S. President Donald Trump touted Blackstone Groups (BX.N) investment.Germanys parliament approved its 2025 budget, with record investment.Reddit (RDDT.N) rose 2.3% in premarket trading after brokerages raised their target prices.On September 18, Sanjay Raja of Deutsche Bank said in a report that the Bank of Englands policy decision on Thursday highlighted that there are still differences within its Monetary Policy Committee, and there is still a possibility of another interest rate cut this year. The Bank of England voted 7:2 to keep interest rates unchanged, with two dissenting members supporting a 25 basis point rate cut. The bank reiterated that it will adopt a "gradual" interest rate cut strategy in the future and that the monetary policy does not set a "preset path." Raja pointed out that this means that a rate cut in the fourth quarter of 2025 is still "entirely possible" - the Bank of England has not taken any measures to change market expectations on this issue. Deutsche Bank continues to maintain its original judgment: it expects the Bank of England to implement an interest rate cut in December and two more rate cuts in 2026.The PainMap gold maximum pain price chart shows the current futures price at approximately 3673, above the maximum pain price of 3479. However, the maximum pain price itself continues to rise, weakening downward pressure, making it more likely to maintain strong fluctuations at a high level in the short term. The intrinsic value curve is U-shaped, with a narrow bottom and a steeper right side, indicating more sensitive upward positioning. The maximum pain price has steadily risen from approximately 3335 to 3478 over the past two weeks, with funds pushing the settlement center of gravity upward, reflecting a combination of long position shifting and bearish liquidation. This represents a "statically bearish, dynamically bullish" divergence in trading. It is advisable to initially trade within the 3650-3690 range: buy low and sell high. If the price breaks above 3690 on large volume and the pain price continues to rise to ≥3500, a long position with a target of 3715/3735 can be adopted, and an exit position can be exited if it falls below 3680. Conversely, if the price falls below 3650 and the pain price weakens, a short position with a target of 3620/3600 can be adopted. Note that near-expiration options may amplify volatility and invalidate the structure due to news shocks. (The above prices are gold futures prices for October, with a spot price difference of approximately $5)

Tesla drops Model 3, Model Y base prices by up to 9% in China

Aria Thomas

Oct 24, 2022 14:08

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According to advertisements on the company's Chinese website on Monday, Tesla (NASDAQ:TSLA) has dropped the beginning costs of its Model 3 and Model Y vehicles in China by as much as 9 percent.


The base price of the Model 3 car was dropped from 279,900 yuan to 265,900 yuan ($36,727.03), while the base price of the Model Y SUV was reduced from 316,900 yuan to 288,900 yuan.


According to Reuters, Tesla has been modifying prices in accordance with expenses. It was reported that capacity utilization at its Shanghai Gigafactory has increased, but the supply chain has remained consistent, leading in lower costs.


This is Tesla's first price cut in China in 2022; earlier in the year, the company raised prices on two models due to rising raw material costs. In September, Tesla began giving insurance benefits to consumers in an effort to encourage future purchases.


Reuters previously reported that Tesla has modernized its Shanghai factory to produce 22,000 Model 3 and Model Y vehicles each week.


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