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As bond yields rise, brokerages are reporting an increased interest in gilt purchases. Read more here.

Tesla (TSLA) stock popped more than 3% Tuesday on the heels of promising global electric vehicle sales data.

Research firm Rho Motion reported that global sales of fully electric vehicles and plug-in hybrids rose 25.6% year-on-year to 1.9 million in December.

Although sales slowed for a second consecutive month, 2024 proved to be a record year for electric vehicle sales.

Wholesale prices rose less than expected in December, a positive sign for the US economy amid recent market fears that inflation isn't falling as quickly as hoped to the Federal Reserve's 2% target.

Tuesday's report from the Bureau of Labor Statistics showed that its producer price index (PPI) — which tracks the price changes companies see — rose 3.3%% from the year prior, up from the 3% seen in November but below the 3.5% increase economists had projected. On a monthly basis, prices increased 0.2%, below the 0.4% increase economists had expected.

Excluding food and energy, "core" prices rose 3.5% year-over-year, above November's 3.4% gain. Economists had expected an increase of 3.8%. Meanwhile, month-over-month core prices were unchanged, below the 0.3% increase economists had expected and the 0.2% gain seen last month.

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Shares in Trump Media surged nearly 22% on Monday, a week before US president-elect Donald Trump is due to be inaugurated for a second nonconsecutive term.

Trump is due to be sworn in on Monday 20 January and a number of tech companies have donated to the president-elect's inaugural fund, including social media giant Meta (META).

Monday marked the strongest day for Trump Media shares since late October, in the days before Trump's win in the US election.

Trump transferred his $4bn (£3.28bn) stake in Trump Media to a revocable trust in December. According to securities filings, he is the sole beneficiary of the trust, and his son, Donald Trump Jr is the sole trustee.

Electric carmaker Tesla (TSLA) was another stock that rose on Monday ahead of Trump's return to the White House, closing the session 2% in the green. Tesla CEO Elon Musk is a close ally of Trump and has been appointed to co-lead the extra-governmental Department of Government Efficiency (DOGE).

Read more on Yahoo Finance UK

Vicky McKeever writes:

Shares in chipmaker Nvidia closed Monday's session nearly 2% in the red, after outgoing US president Joe Biden's administration released an updated export rule aimed at controlling the flow of AI chips to China.

The White House said the rule would limit the number of graphics processing units (GPUs) that can be ordered by most countries without a special licence. Smaller orders of 1,700 or fewer GPUs would not count toward the export cap.

"Artificial intelligence is quickly becoming central to both security and economic strength," the White House said in a statement on Monday. "The United States must act decisively to lead this transition by ensuring that US technology undergirds global AI use and that adversaries cannot easily abuse advanced AI."

Some 18 "key" allies, including the UK, will be exempt from the restrictions.

In response, Nvidia vice president of government affairs Ned Finkle said in a statement that the "misguided 'AI diffusion' rule ... threatens to derail innovation and economic growth worldwide".

Other AI-related and broader technology stocks also fell, including data analytics software provider Palantir (PLTR), which fell more than 3% on Monday.

Russ Mould, investment director at AJ Bell, said:

And here's that chart:

Pedro Goncalves writes:

Gold prices were mixed this Tuesday morning amid expectations the US Federal Reserve will proceed with caution with cutting interest rates this year.

The spot price lost 0.6% to $2,673.10 per ounce, while gold futures rose by 0.3% to $2,686.70 per ounce.

The stronger-than-expected US nonfarm payrolls (NFP) report has reinforced expectations that the Fed may pause its rate-cutting cycle later this month. This, in turn, has kept US Treasury bond yields elevated near their highest levels in over a year, with the US dollar also hovering close to a two-year peak. These factors are putting pressure on gold, a non-yielding asset.

"We had a better-than-expected US job report which strengthened the US dollar and the Treasury yields... (Gold's) move lower here is some follow-through on the stronger than expected report," Bob Haberkorn, senior market strategist at RJO Futures, told Reuters.

A stronger US dollar is making gold more expensive for overseas buyers, adding to the pressure on the precious metal.

Meanwhile, the political landscape in the US is shifting, with Donald Trump set to be sworn in as president next week. His proposed tariffs and protectionist trade policies are expected to be inflationary and could potentially trigger trade wars, further enhancing gold's status as a safe-haven asset.

Investors will now turn to key economic data this week, including US inflation figures, weekly jobless claims, and retail for clarity on the state of the US economy and the Fed's future policy decisions.

Read more on Yahoo Finance UK

Retailer JD Sports is down more than 10% after the opening bell in London following a lacklustre trading update which covered the nine weeks to 4 January — the crucial Christmas period.

Régis Schultz, JD Sports CEO said:

US stocks started Tuesday's premarket session on the front foot.

Here's what happen on Monday in the US:

Stocks closed mixed, with Big Tech names paring losses as the dollar and bond yields climbed amid fading hopes for interest rate cuts ahead of this week's key consumer inflation reports.

The S&P 500 (^GSPC) settled almost 0.2% higher after falling as much as 1% during the session, while the Nasdaq Composite (^IXIC) fell 0.4%. Shares of Nvidia (NVDA) and Apple (AAPL) closed off their session lows, though most "Magnificent Seven" tech megacaps fell during the session.

The blue-chip Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, rose 0.8%, or more than 350 points.

Stocks navigated another volatile session after Friday's plunge, which wiped out all year-to-date gains for Wall Street's major gauges. A hot December jobs report rattled markets, spurring concern that signs of strength in the economy will encourage the Federal Reserve to keep rates higher for longer.

Hello from London. Results season is kicking off again, lucky us!

Today's releases include:

• Full-year results from Ramsdens (RFX.L)

• First-half results from Games Workshop (GAW.L) and Knights Group (KGH.L)

• Trading statements from JD Sports (JD.L) and Persimmon (PSN.L)

Also up this week: the all important UK inflation reading tomorrow and a slew of US bank results.

Let's get to it.