Platinum trades higher on news that Japan will shift to e-cars
The price of platinum saw an almost 2% increase as a result of the news that Japan is considering a ban on the sale of new conventional cars by mid-2030. The country’s shift to electric vehicles is schedule to be completed by 2050. The precious metal, used in the production of catalytic converters for cars, reached its highest level yet since January. This was boosted by promises by Joe Biden of an increased spending in green energy. Platinum rose by 1,92% following the news, to sell for $1 032,42 per ounce.
Tesla sees a 4% premarket increase
Tesla sales surged more than 4% in premarket trades following an upgrade of 40% from Goldman Sachs on the stock price target. Tesla shares’ status was previously changed by Sachs from ‘neutral’ to ‘buy’, which raised price targets from $550 to $780 per share. The statement at the time indicated that the substantial shift toward battery electric vehicle adoption is increasing. Tesla Inc shares are set to be listed on the S&P 500 from December 21.
Substantial progress made in Brexit talks, hopes of deal being reached by weekend
Sources familiar with the Brexit negotiations have claimed there is substantial progress being made in reaching a deal. It may be announced before the weekend, as reported by The Times. Earlier, Simon Coveney, Foreign Minister for Ireland, said he is optimistic as well that a Brexit trade deal will be struck during the next few days. Talks continue in London, with the transition period for Britain set to end on December 31.