Mixed Opening at European Stock Exchange as New Car Registrations Surge
The European car market experienced significant growth in October, with the registration of new cars increasing by 14.6 percent compared to the same month last year. This was particularly evident in France, where the market saw an increase of 21.9 percent, Italy (20%), Spain (18.1%), and Germany (4.9%). The market share of electric cars also rose from 12.0 percent to 14.2 percent during this period.
In other financial news, the net borrowing rate of the British public sector, excluding banks, reached a second-highest level since 1993 in October at £14.9 million pounds, exceeding the forecasted amount of £13.7 million pounds. Meanwhile, futures predict a bearish opening for Wall Street on Wednesday morning.
