In London, the FTSE index was down 0.1 percent while the DAX in Frankfurt rose 0.2 percent. The CAC 40 index fell by 0.1 percent in Paris, and the OMXS30 index also decreased by 0.1 percent in Stockholm. On the other hand, the Euro Stoxx 600 index saw a slight increase of 0.1 percent.
The European car market experienced significant growth in October, with new car registrations increasing by 14.6 percent compared to the previous year, according to the European Automobile Manufacturers Association (EUMA). The growth was driven by strong demand for electric cars, which accounted for a market share of 14.2 percent, up from 12.0 percent last year. Germany had a particularly strong performance, with an increase of 4.9 percent in new car registrations during October. Other countries such as France, Italy, Spain also reported positive results, with increases of 21.9%, 20%, and 18.1% respectively.
The British public sector borrowing rate reached its second-highest level since 1993 at £14.9 million in October and exceeded the forecast of £13.7 million pounds.
Looking ahead to Wall Street’s opening today, futures are indicating a bearish trend.
In summary: The European car market experienced significant growth in October with new car registrations increasing by more than 5% compared to last year’s numbers while Britain’s public sector borrowing hit its second highest level since