Source: Reuters New car sales in the United Kingdom slumped to a 30-year low in October as the sector was weighed down by the ongoing semiconductor shortage, industry figures revealed. EXV5 is up 0.88%. New car registrations were recorded at 106,265 vehicles in October, reflecting a 25% decline from the previous year.The latest figure is the lowest since 1991, marking the … [Read more...] about UK Car Sales Plunge to 30-Year Low in October
Forex News
UK Constructions Expands for Ninth Straight Month in October
Source: IHS Markit Construction activity in the United Kingdom picked up in October, marking the ninth straight month of expansion. IUKP.L is up 2.55% The headline seasonally adjusted IHS Markit/CIPS UK Construction PMI Total Activity Index climbed to 54.6 in October from 52.6 in September.The index was driven mainly by house building with the index at 55.4, while … [Read more...] about UK Constructions Expands for Ninth Straight Month in October
Supply Constraints Drag Eurozone Growth to Six-Month Low in October
Source: IHS Markit Growth in the Eurozone slowed to a six-month low in October, weighed down by the ongoing supply constraints. EZU is down 0.43% premarket. The IHS Markit Eurozone PMI Composite Output Index slipped to 54.2 in October, down from 56.2 the previous month and the lowest in six months.The latest reading reflects the third straight month of deceleration, and … [Read more...] about Supply Constraints Drag Eurozone Growth to Six-Month Low in October
Fed to Start Tapering Later in November
Source: Federal Reserve The United States Federal Reserve will start scaling back its bond-buying program later this month, indicating a pullback from the assistance it released amid the COVID-19 pandemic. The Federal Open Market Committee in a statement following its latest meeting said the tapering will begin later this month.The tapering will involve $15 billion … [Read more...] about Fed to Start Tapering Later in November
US Oil Inventories Grow for Second Straight Week to 434.1 Million Barrels
Source: EIA American crude oil inventories climbed for the second straight week even as refinery inputs and oil imports declined, the Energy Information Administration reported. Commercial crude oil inventories for the week ending October 29, 2021 increased by 3.3 million barrels to 434.1 million barrels.Increases were reported in total motor gasoline, finished gasoline, … [Read more...] about US Oil Inventories Grow for Second Straight Week to 434.1 Million Barrels
