News | Forex Optimum

News

News

EU passenger car market registered the first increase of the year in September

According to the report from European Automobile Manufacturers' Association (ACEA), in September 2020, the EU passenger car market registered the first increase of the year. Registrations grew by 3.1% last month to reach 933,987 new cars sold across the European Union1. The four largest markets, however, posted mixed results. Losses were seen in Spain (-13.5%) and France (-3.0%), while Italy (+9.5%) and Germany (+8.4%) showed solid gains.

Over the first nine months of 2020, demand for cars contracted by 28.8% in the EU. Seven million units were registered from January to September, almost 2.9 million less than during the same period last year. Indeed, despite last month’s positive results, the impact of COVID-19 still weighs heavily on the cumulative performance of the EU car market. Among the major markets, Spain saw the steepest drop (-38.3%) so far this year, followed by Italy (-34.2%), France (-28.9%) and Germany (-25.5%).

You may also be interested:

14:21 22.10.2020
EUR/USD proves resilient to darkening outlook for eurozone recovery - MUFG
FXStreet notes that the euro has benefitted from the broad-based weakening of the US dollar so far this week. It has helped to lift EUR/USD back towards the middle of the trading range between 1.1600 and 1.2000 that has been in place since late July. The shared currency has held up well recently even as eurozone fundamentals have been deteriorating, as economists at MUFG Bank note. “The surge in new COVID-19 cases in the eurozone remains alarming. According to our calculations, the number
14:10 22.10.2020
UK's finance minister Sunak: We are making job support scheme more generous
Employees only require to work 20% of hours, previously 33%Firms only cover 5% of non-worked hours, previously 33%Maximum grant will increase to £3,750 from £1,875 previouslyDoubles grants for self-employed from 20% to 40%Cash grants will be up to £2,100 per month for every month Tier 2 applies
14:01 22.10.2020
USD/CAD to trigger a large top with support seen at 1.2994 - Credit Suisse
FXStreet notes that USD/CAD increasingly looks as though it is in the process of forming the “right shoulder” to a very large “head and shoulders” top. Therefore, analysts at Credit Suisse maintain a bearish bias, with support at 1.2994. On the flip side, resistance stays at 1.3259/60. “USD/CAD ended up posting a small, potentially bullish ‘hammer’ candlestick yesterday to close back above the important October low at 1.3100/3099. Nevertheless, we stay directly bearish and look for a
Deposit
options
Trading
platform
download
Bonuses VIP