• Mon. Dec 11th, 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 in Frankfurt was up 0.2 percent. In Paris, the CAC 40 index was down 0.1 percent and in Stockholm, the OMXS30 index was also down 0.1 percent. However, the Euro Stoxx 600 index saw a slight rise of 0.1 percent during this period of trading.

In other news, the car market in the European Union region experienced significant growth in October with a 14.6 percent increase in new car registrations compared to the same month last year. This growth was driven by strong demand for electric cars which saw their market share rise to 14.2 percent from 12 percent at the same time last year. The biggest increases in new car registrations were seen in France (21.9%), Italy (20%), Spain (18.1%), and Germany (4.9%).

The net borrowing rate of Britain’s public sector, excluding banks, hit a second-highest level since 1993 with £14.9 million borrowed in October, surpassing forecasts of £13.7 million pounds. Meanwhile, futures are predicting a bearish opening for Wall Street on Monday morning as global markets remain volatile following recent economic developments and uncertainty around upcoming political events worldwide

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