Rising to 114 in september verses the reuters poll and were looking at conditions holding pretty steady. This is important with the german ifo because the index may have increased in the month of december but this is before the volkswagen cheating allegations came to light and also the migrant crisis explosion so this isnt really indicative of recent events that were seeing but checking in on the euro 112 levels versus the u. S. Dollar. Still below that 114 we saw just a few weeks ago. Also want to bring you the norwegian Interest Rate decision. Cutting its key rate to 0. 75 from 1 . The crown falling on the back of that Interest Rate cut. Its a very very close call going into that decision. The norwegian Economic Growth is likely to remain low for longer. Once again hitting a four week low of 9 45 per euro after cutting the Interest Rate by 25 basis points. They talk about the breleaker economic aspects. Well talk more about that later on. Interesting divergence. Some are tightening a
This according to auto data and that smashed expectations. Ford sales up 23 . Fiat chrysler saw a 13 1 2 rise. And gm posted a 12 1 2 jump. Phil lebeau tells us why sales are so strong at the big three. Reporter call it a sizzling september in the showroom. U. S. Auto sales roared to their strongest Monthly Sales pace since july of 2005. Most of the major automakers posted doubledigit gains, with some like General Motors doing far better than expected. What drove those strong numbers . Labor day, which is traditionally one of the busiest weekends of the year for auto dealers, gave september sales an early pop. Meanwhile, trucks and suvs remain red hot thanks to low gas prices. And the combination of strong Consumer Confidence and low Interest Rates is convincing millions this is the time to buy a new vehicle. Even volkswagen, which has been rocked by the diesel emissions scandal, pulled out a slight gain in sales last month. Impressive, since massive negative publicity and an order not
This according to auto data and that smashed expectations. Ford sales up 23 . Fiat chrysler saw a 13 1 2 rise. And gm posted a 12 1 2 jump. Phil lebeau tells us why sales are so strong at the big three. Reporter call it a sizzling september in the showroom. U. S. Auto sales roared to their strongest Monthly Sales pace since july of 2005. Most of the major automakers posted doubledigit gains, with some like General Motors doing far better than expected. What drove those strong numbers . Labor day, which is traditionally one of the busiest weekends of the year for auto dealers, gave september sales an early pop. Meanwhile, trucks and suvs remain red hot thanks to low gas prices. And the combination of strong Consumer Confidence and low Interest Rates is convincing millions this is the time to buy a new vehicle. Even volkswagen, which has been rocked by the diesel emissions scandal, pulled out a slight gain in sales last month. Impressive, since massive negative publicity and an order not
That smashed expectations. Ford sales up 23 . Fiat chrysler saw a 13 1 2 rise. And gm posted a 12 1 2 jump. Phil lebeau tells us why sales are so strong at the big three. Reporter call it a sizzling september in the showroom. U. S. Auto sales roared to their strongest Monthly Sales pace since july of 2005. Most of the major automakers posted doubledigit gains, with some like General Motors doing far better than expected. What drove those strong numbers . Labor day, which is traditionally one of the busiest weekends of the year for auto dealers, gave september sales an early pop. Meanwhile, trucks and suvs remain red hot thanks to low gas prices. And the combination of strong Consumer Confidence and low Interest Rates is convincing millions this is the time to buy a new vehicle. Even volkswagen, which has been rocked by the diesel emissions scandal, pulled out a slight gain in sales last month. Impressive, since massive negative publicity and an order not to sell clean diesel models lef
The dow is now negative for the year. Its accelerated throughout the day and the major averages closed at the lows of the session. All 40 dow stocks finished in the red yesterday. 97 of the s p 500 and 96 of the nasdaq closed lower. All ten of the sectors were down at least 6 . Heavy volume throughout this. We saw 4. 3 billion sharls that were traded on the nyse. More than a billion more than the average. And as for volatility, take a look at the vision. Youre going to see right now that the vision is up about 27 . 16, almost to 17 at this point after these incredibly low volatility rates. We knew that when things changed, they would change in a hurry. Yesterdays selloff means that the dow and the s p had their first monthly decline since january. The dow and the s p dropped nearly 2 in month of july and it doesnt end there, folks. If you take a look at the futures this morning, youll see there are more red arrows. The dow is now indicated to open down by triple digits. A decline of 11