Strong Sales Data Sparks Rally In European Auto Stocks ...Middle East

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European auto stocks are on watch midweek after new car sales in the region were up for the second month in a row. Supply chain issues for the industry overseas are beginning to ease, according to Bloomberg, who noted on Tuesday morning that the Stoxx 600 Automobiles & Parts Index was up 2.2% on the session. The index was being led by names like Mercedes-Benz and Volvo, who were both up more than 3% on the session. Sales data out of the European Union was a tiny beacon of optimism for a global economy where the supply chain has been gridlocked…

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Last updated : 19 October 2022 clock 06:44 PM

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Strong Sales Data Sparks Rally In European Auto Stocks ...Middle East

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