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In a conference call with analysts and reporters, Ford’s U.S. sales chief Mark LaNeve referred to September as a “tale of two hurricanes.”. “Hurricane Florence was a big factor this month,” LaNeve said, adding that post-storm recovery efforts were “moving quickly.”. General Motors Co (GM.N) said its third-quarter sales were down 11.1 percent versus the same period in 2017. Earlier this year, the No. 1 U.S. automaker stopped reporting monthly sales, arguing that a 30-day snapshot did not accurately portray market trends.
Sales were down at all of GM’s major brands, with particularly sharp decreases for passenger cars, “Our brands are very well-positioned for the fourth quarter when our next wave of new products start shipping in high volume,” Kurt McNeil, GM U.S, vice president for sales, said in a news release, GM has high hopes for all-new versions of its Chevrolet Silverado and GMC Sierra pickup red cufflinks and studs trucks, Toyota Motor Corp (7203.T) said its U.S, new-vehicle sales fell 10.4 percent in September, Sedan sales at the Japanese automaker were off nearly 28 percent, That included a 17 percent decline for its flagship Camry midsize sedan, which was completely redesigned with the aim of increasing market share..
Toyota’s SUV and pickup truck sales were down 0.3 percent for the month. Nissan Motor Co Ltd (7201.T) reported a 12.2 percent drop in sales for September, with a 35.7 percent decline in passenger car sales more than offsetting a 6.6 percent rise in pickup truck and SUV sales. Sales of Nissan’s best-selling vehicle, the Rogue crossover, fell 10.6 percent in September. “It was a tough comparison for sales year-over-year, but otherwise the month was very solid for us with some bright spots,” said Billy Hayes, the automaker’s vice president for regional operations in North America. “We’re still extremely bullish and we’re feeling very good about the rest of the year.”.
New York (Reuters) - Stock indexes around the globe weakened on Tuesday, European assets sold off and Italy’s bond yields hit multi-year highs red cufflinks and studs after an Italian lawmaker made anti-euro comments, though Wall Street’s blue-chip index bucked the trend and set a new record, The MSCI world equity index dipped 0.33 percent, paring Monday’s gains that followed the new U.S.-Mexico-Canada trade deal, The pan-European FTSEurofirst 300 index lost 0.57 percent, Two of Wall Street’s three major indexes closed lower on Tuesday, but shares of companies including Boeing and Caterpillar CAT.N pushed up the Dow, which closed at a fresh record high, [.N]..
The Dow Jones Industrial Average rose 122.73 points, or 0.46 percent, to end at 26,773.94, the S&P 500 dipped 1.16 points, or 0.04 percent, to 2,923.43 and the Nasdaq Composite dropped 37.76 points, or 0.47 percent, to close at 7,999.55. In Italy, the economics spokesman for the country’s ruling League party, Claudio Borghi, said in a radio interview that most of the country’s problems could be solved by having its own currency. His comments drove Italian 10-year bond yields to a new 4-1/2-year high, pushing the yield spread between Italian debt and German Bunds to their widest in over five years.
Shares in Italian banks, which have large sovereign bond holdings, hit a 19-month low before recovering some of their losses, “We are dealing with a war of words, with the euro on one side and Italy on the other,” said Valentin Marinov, Credit Agricole’s head of G10 FX red cufflinks and studs Strategy, “There’s a lot of headline risk about.”, Borghi and Italian Prime Minister Giuseppe Conte backed down, calling the euro “unrenounceable”, helping to calm markets and erasing losses for Italy’s FTSE MIB..
The euro fell to its weakest since Aug. 21 at $1.1505, before retracing to $1.1551, down 0.22 percent on the day. The single currency has been hurt by concerns that a significant increase in the Italian budget will deepen the country’s debt and deficit problems, and by extension those of the European Union. In Asia, stocks were lower as the lift from the agreement to save the North American free trade deal faded. The deal had boosted optimism for a resolution of a trade row between the United States and China.
China’s financial markets are closed for the week of Oct, 1-5 for national holidays, but data showing weaker factory growth in China hit Hong Kong stocks, The United States and Canada forged a last-minute deal on Sunday to salvage a trilateral pact with Mexico, rescuing a $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century in operation, red cufflinks and studs The trade pact helped the dollar index rise to 95.744 - its highest since Aug, 21 - and it was last up 0.17 percent..