Tesla Stock price – ASX up as jobs listings hit 12 year high; Tesla and Crypto markets soar | Fintech Zoom

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Tesla Share Price – ASX Rises as Job Opportunities Hit 12-Year High; Tesla and Crypto Markets Rise

The Australian stock market is rising after its long weekend break as US stocks and the cryptocurrency market hit new highs.

At 12:00 p.m. AEST, the ASX 200 rose 0.8 percent to 6,885.

The benchmark closed on the Thursday before the long weekend with no trading on Friday and Monday.

The strong performers on Tuesday included Webjet (+ 3.3 items), Buy-Now-Pay-Later Zip (+ 6.2 items) and Whitehaven Coal (+ 4.7 items).

Data from ANZ showed that job vacancies rose 7.4 percent in March.

The bank’s analysts said job vacancies are now at their highest level since late 2008. At that point, jobs began to retreat during the GFC.

ANZ estimates that up to 150,000 people in Australia will lose their jobs due to the end of JobKeeper. (

Getty Images: Bloomberg / contributor

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ANZ senior economist Catherine Birch said job vacancies are also 23 percent higher than before the pandemic.

“This gives us further confidence that the impact of the end of JobKeeper will be less than previously feared,” she said.

“Of the 1.1 million workers that the Treasury Department estimates still received the JobKeeper payment in the first quarter, we estimate that 100,000 to 150,000 people will lose their jobs, which is 0.8 to 1, 2 percent of the current workforce.

“However, we anticipate that net job losses will be less as the growing demand for labor elsewhere should mean that many workers can find new jobs relatively quickly.

“Although we expect the unemployment rate to rise temporarily in the second quarter, we expect it to resume its rapid downward trend in the second half of 2021.”

Aussie dollar rises while the greenback falls

The Australian dollar rose slightly overnight before falling again to 76.46 US cents on Monday.

The US dollar fell as its stock market hit highs and government bond yields remained below recent highs, keeping inflation worries at bay.

Tesla shares rose 4.43 percent and gave the S&P 400 one of the largest orders.

It happened when the pioneer in electric cars and batteries was making record deliveries.

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Tesla announced it had shipped 184,800 vehicles worldwide in the first quarter of 2021, up from estimates of 177,822 vehicles.

This was due to strong demand for Tesla in China, which helped offset the effects of a global auto parts shortage.

“Great job by the Tesla team!” its founder Elon Musk tweeted.

“Special mention from Tesla China.”

The crypto market is reaching a new high

The market cap for cryptocurrencies peaked at $ 2 trillion on Monday (US time), according to data and market chasers CoinGecko and Blockfolio.

Market snapshot at 7:30 a.m. AEDT:
  • ASX 200 futures + 0.3 percent; ASX 200 closed + 0.7 pieces at 7,064
  • AUD: 76.50 US cents, 55.01 British pence, 64.75 Euro cents, 84.28 Japanese yen, NZ $ 1.00
  • USA: Dow Jones + 1.1% at 33,527, S&P 500 + 1.4% at 4,078, Nasdaq + 1.7% at 13,705
  • Europe: FTSE 100 + 0.3 pieces at 6,737, DAX + 0.7 pieces at 15,107, Euro Stoxx 50 + 0.7 pieces at 3,946
  • Commodities: Brent crude -4% at $ 62.26 / barrel, spot gold + 0.1% at $ 1,729 / ounce

The surge was led by Bitcoin, which hit its own milestone by holding a market cap of $ 1 trillion for a week.

Bitcoin recently gained 1.4 percent to $ 59,045. Bitcoin has been trading in a relatively narrow range since hitting a lifetime high of more than $ 61,000 in mid-March.

Analysts said as long as Bitcoin stays above $ 53,000, it will be able to maintain its market cap of $ 1 trillion.

Ethereum, the second largest cryptocurrency by market capitalization, rose 1.3 percent to $ 2,103.

Last Friday it hit a record high of $ 2,144.99.

ABC / wires

Tesla Share Price – ASX Rises as Job Opportunities Hit 12-Year High; Tesla and Crypto Markets Rise