jpmorgan agrees to withdraw the lawsuit against Tesla stock warrants.
JPMorgan, a loan institution in the USA, agreed on Friday to withdraw the lawsuit against Tesla, accusing the electric car manufacturer of "flagrantly" violating the contract signed in 2014 for stock warrants sold to the bank. The two companies announced the dismissal of the lawsuit in a lengthy court document submitted to a Manhattan court, stating that they will drop their claims against each other. The court document indicates that both companies did not disclose the terms of the settlement. A JPMorgan spokesperson stated in a statement on Saturday: "JPMorgan and Tesla have decided to establish a new business relationship and resolve the outstanding issues between the two companies."
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Europe's bond market: German bonds rise as traders ponder the possibility of a 50 basis point rate cut by the European Central Bank in December.
The bull market for German government bonds is steepening, and the mmf market is increasing bets on deeper interest rate cuts by the european central bank. Previously, jpmorgan economists moved up their expectation of a 50 basis point rate cut by the european central bank from January next year to December. Traders have raised expectations for the european central bank's easing, with a 20% probability of a 50 basis point rate cut next month, and a forecast of a 156 basis point cut by the end of next year, higher than the previous expectation of 150 basis points. The yield on German 2-year government bonds fell by 5 basis points to 1.95%, a new low since 2022; the steepening trend of the German 2s10s curve has continued for 8 months, the longest since 1999.
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