Live: Tesla boosts Nasdaq, US stocks rise ahead of inflation data, Australian dollar holds above 64 US cents

📆 12/09/2023 02:49:00
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Shares in electric car maker Tesla rally on optimism about artificial intelligence. US stocks gain ahead of this week's consumer inflation reading. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

By Sue Lanninended higher as investors await the consumer inflation data for August, which will give clues on where theMeanwhile, IG Markets says doubts have intensified over whether or not thesurged 10 per cent after investment bank Morgan Stanley said itsMorgan Stanley says that could boost Tesla's

value by around $US600 billion.downgraded growth forecasts for the European Union for 2023 from 1 per cent to 0.8 per cent, and for 2024 from 1.6 per cent to 1.4 per cent.with the Westpac-Melbourne Institute Consumer Sentiment survey.That's ahead of the latest unemployment figures which will be out on Thursday.

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