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Compass on market data

Daily Markets News - 4 October

Tesla slipped more than eight percent yesterday after it detailed Q3 vehicle deliveries under the expectations. Investors are starting to question how well it will fare in the tougher economic conditions of the quarters ahead.

The US Supreme Court has agreed to hear a challenge to federal protections given to social media companies that effectively free them from responsibility for content posted by its users.

Credit Suisse tries to reassure investors and clients of its turnaround strategy after the cost of insurance against a default went to record highs yesterday.

Australia only moved rates up by 25bp, against expectations of a 50bp move, saying it had already made substantial moves higher. Canberra states that further tightening may be needed.

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