Market Update: US and European Shares Rise, Tesla Results Awaited

US shares opened today in gains (just before 17:00 the Standard & Poor’s 500 index had risen 0.7%), where the focus was on company announcements about the performance of the previous quarter. European share prices also rose by 0.8%.

The widely expected results from Tesla will have to wait a little longer – this company is expected to announce its performance after the end of the official trading session. There is some concern that Tesla will present a rather bleak picture, with stock analysts talking about a full-fledged “nightmare quarter” for Tesla.

Today, for example, the price of General Motors shares rose 5% after better results. Analysts’ estimates were also estimated by, for example, General Electric, whose share price also jumped by almost 5%.

Opinions about what is happening in the market at the moment are very different. Goldman Sachs said today that the pullback in US stocks is far from over. On the other hand, Citigroup’s securities strategies drew attention to the fact that the shares seem to be more attractive to buy, which should also be taken into account with the good financial results of companies. “​​​​​​We would consider the recent price pullback as a buying opportunity,” according to representatives from the investment bank’s investment team, Bloomberg highlights.

Today, the price of Baltic shares in general increased by almost a third of a percent. With the publication of the financial results of the previous quarter, the share price of LHV Group increased to 0.73%. It can be judged that the investors made a positive assessment of the company’s latest financial estimate. LHV Group shares were also the most active trade in the Baltics today, with a turnover of almost 450 thousand. euro.