Passenger Vehicle Sales See Sharp Uptick in Bulgaria parisguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from parisguardian.com Daily Mail and Mail on Sunday newspapers.
DAX Dips As Inflation Concerns Mount
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks succumbed to selling pressure on Wednesday amid concerns that a persistent overshoot in inflation might force central banks to tighten their easy monetary policies.
Investors wait for more clues on policymakers views on inflation when the U.S. Federal Reserve releases minutes of its most recent policy meeting later in the day.
The benchmark DAX tumbled 215 points, or 1.4 percent, to 15,170 after closing 0.1 percent lower the previous day.
Automakers BMW, Daimler and Volkswagen fell 1-2 percent despite positive data.
European new car registrations rose 24.4 percent year-on-year in the January to April period to 3.4 million units due to the low base of comparison amid coronavirus restrictions, data from the European Automobile Manufacturers Association/ACEA showed earlier today.
European Jan-April New Car Registrations Up 24.4%
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European new passenger car registrations rose sharply in the first four months of the year and there was a surge of over 200 percent in the month of April alone due to the low base comparison of comparison last year as sales were hurt by the coronavirus pandemic.
New car registrations rose 24.4 percent year-on-year in the January to April period to 3.4 million units, data from the European Automobile Manufacturers Association/ACEA showed Wednesday.
March and April sales provided substantial boost to the total for the four months, the Brussels-based ACEA said.
European Stocks Close Sharply Lower As Inflation Concerns Weigh
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks closed sharply lower on Wednesday as rising concerns about inflation raised fears that global central banks might consider tightening their easy monetary policies sometime soon.
The yields on Euro area government bonds rose on concerns the European Central Bank could decide to scale back its emergency bond-buying program as early as next month.
A sharp plunge of the cryptocurrencies including the bitcoin, and worries about a surge in coronavirus cases in Asia further dented sentiment. Bitcoin, the world s largest cryptocurrency, tanked by close to 40% from its record high levels to US $31,000 on Wednesday, hitting its lowest level since February.
CAC 40 Slides On Inflation Concerns finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.