US auto sales stalled in June amid fears that the fragile economic recovery is sputtering, industry data showed Thursday."We've talked a lot about recovery but it doesn't seem to be going in that direction," said Jessica Caldwell, a senior industry analyst at Edmunds.com"Consumers are waiting for a deal, otherwise they don't want to buy."
By Jonathan Cable and Adam RoseLONDON/BEIJING (Reuters) - China's vast factory sector contracted again this month and the expected acceleration in euro zone business activity failed to materialize, highlighting the fragile state of a global economy.
By Jonathan CableLONDON (Reuters) - An expected acceleration in euro zone business activity failed to materialize this month and firms cut prices again to drum up trade, which may further stoke fears of deflation in the currency bloc, surveys showed.
NEW DELHI | MUMBAI: It's kind of deja vu for automobile manufacturers. A few years ago, several of them tweaked production plans and made heavy investment to increase the output of diesel cars to satiate shifting buyer preference towards the heavier fuel, which was made lighter on the consumer's pocket by government subsidy. With both petrol and diesel sold at market rates now, and increasing curbs on diesel due to green concerns, the demand is returning to petrol.
US stocks extended their gains and were up for the fourth straight day on Friday as strong manufacturing data boosted prospects for an improvement in the economy. The S&P 500 and the Dow were on track for their best weekly gains since October, recovering sharply from a bruising selloff after Britain voted to quit the European Union. Investors are now pinning their hopes on central banks easing monetary policy to support global growth.
Markets are lower despite U.S. manufacturing data that showed the strongest improvement in overall business conditions since May 2010. The Dow is down 25 points, the S&P 500 is down 1 point, and the Nasdaq is down 4 points.