In Europe, car makers experienced a successful year overall, with sales on the rise. However, the end of the year brought a setback as battery electric vehicle sales dropped by 25% compared to the previous year's December figures. Plug-in hybrid sales also saw a decline of 34%. Even so, new car sales only experienced a slight decrease of 4%. Completing the global picture for … [Read more...] about A Strong Year for Car Makers in Europe
europe
A Soft Landing in the U.S., but Challenges Abroad
The U.S. economy appears to be experiencing a much-anticipated soft landing, thanks to careful interventions by the Federal Reserve. The central bank's measured increase in interest rates has resulted in a well-balanced economy with reduced inflation. This positive outcome bodes well for Americans. However, the situation is quite different in other parts of the world. Europe, … [Read more...] about A Soft Landing in the U.S., but Challenges Abroad
Americans Flocking to Europe for Summer Travel
After three summers of Americans vacationing domestically, there has been a significant shift towards international travel this summer, according to Truist analyst Patrick Scholes. Allianz Partners, a travel insurer, predicted in May that the number of Americans traveling to Europe would increase by 55% compared to last summer. U.S.-based tour operators are also seeing strong … [Read more...] about Americans Flocking to Europe for Summer Travel
ECB to Continue With Gradual Winding Down of Bond-Buying Program in Q3
Source: Financial Times The European Central Bank will push through with the gradual reduction of its bond-buying program in the third quarter, even with inflation outlook risks intensifying. EZU is down 0.33%, while VGK is down 0.31%. ECB President Christine Lagarde said upside risks to inflation have “intensified,” but this is seen to weaken if demand softens in the … [Read more...] about ECB to Continue With Gradual Winding Down of Bond-Buying Program in Q3
