According to the report from WardsAuto, US auto sales for April 2016 increased by 3.4% against the background of the same period last year. Number of sold cars rose to 1.5 million units, and for the period from January to April grew by 3.2%, or 5.56 million vehicles.
You can find the most popular and helpful Forex related articles here. All the articles are composed by professional currency traders, analysts and strategists. Reading articles on some specific topic is a good way to raise the level of your trading education for free. You can also share your comments and opinions with other users.
According to their report, which was prepared in cooperation with the international Institute of McKinsey, as well as with their expert group, "golden era" of investments and capital will soon be over. Calculations show us that the profitability of investments in next 20 years, including dividends and securities, in the future will significantly fall against the backdrop of values of the last 30 years. For many large investors, it would be shocking news. Because many of them born and grew up in the "golden era". And long period of low returns will force them to take unpleasant decisions, which are not identical with their usual lifestyle.
The European aerospace company Airbus Group published a report in which it is reported that the company's net profit decreased from 792 million euros to 399 million in January-March 2016. Operating profit excluding individual circumstances decreased by 23%, according to the press release this level is 501 million euros.
Swedish automaker Volvo AB, which ranks second in the world on the number of manufacturing trucks, reduced net profit for January-March 2016 by 11.3% to 3.77 billion kronor, equivalent to $463.3 million. According to a report by The Wall Street Journal, previously experts predicted decrease of this indicator to 2.92 billion kroons.
The largest banking group Lloyds from Britain reported that potential leaving of the UK from the European Union (Brexit) may soon lead to economic instability. "In the long run it is difficult to predict effects of the UK leaving from the EU, because it is not yet clear which model of behavior will choose country, left the alliance", - says BBC.
The United States is going to explore the huge array of documents, which became public after a leak from the Panamanian law firm. Bloomberg reports that the investigation will be aimed at identifying people who could help to circumvent sanctions to persons who are in the "black list" because of the events around Ukraine.
The dollar has managed to recover some of its lost positions against the euro after the release of employment data on the US non-farm sector. However, the US currency is still under pressure due to the Federal Reserve can not determine the pace of interest rate rises.
In 2009, one of the British companies received an order from the US military to build an aircraft. After a few years, Americans have cut the project's budget. As a result, Hybrid Air Vehicles - order executor bought the prototype and brought it back to the UK, subsequently received 2.5 million pounds sterling from the government. One of the main investors of a new product - Bruce Dickinson, the front-man of Iron Maiden band.
Shares of Volkswagen Group decreased by 4% in trading on Wednesday, after it was published analysts warning that the corporation can further reduce dividends on the background of growing number of inspections due to manipulation with toxic emissions of diesel vehicles.