• Fri. Dec 8th, 2023

Mixed Opening at European Stock Exchange as 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. The CAC 40 index in Paris fell by 0.1 percent and the OMXS30 index in Stockholm also decreased by 0.1 percent. However, the Euro Stoxx 600 index rose by 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. France saw a particularly strong performance, with an increase of 21.9 percent in new car registrations, followed closely by Italy (20%), Spain (18.1%), and Germany (4.9%). The market share of electric cars also increased from 12 to 14.2 percent during this period.

In other news, the British public sector’s net borrowing rate reached a second-highest level since 1993 at £14.9 million in October, surpassing the forecasted amount of £13

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