• Wed. Dec 6th, 2023

European Stock Exchange Sees Mixed Performance as New Car Registrations Surge


Nov 21, 2023

In London, the FTSE index was down 0.1 percent, while the DAX was up 0.2 percent in Frankfurt. In Paris, the CAC 40 index was down 0.1 percent. The Euro Stoxx 600 index was up 0.1 percent in Stockholm, the OMXS30 index was down 0.1 percent.

The car market in the European Union region saw significant growth, with new car registrations rising by 14.6 percent in October compared to the same period last year. This increase was driven by strong demand for cars across France, Italy, Spain and Germany, with particularly notable growth in France and Italy. The market share of electric cars also increased to 14.2 percent from 12.0 percent at the same time last year.

In other news, the net borrowing rate of the British public sector, excluding banks, reached a second-highest level of borrowing since 1993 in October at £14.9 million pounds, exceeding forecasts of £13.7 million pounds. Futures predict a bearish opening for Wall Street as well but there are no further information provided about this topic

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