2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Kia and Hyundai will fall far short of China sales objective on political row
Hyundai Motor Co along with Kia Motors Corporation expect it’s going to be difficult to sell 1 million cars in China this year because of political tension. The given figure is approximately half their initial objective, as the Aju Business Daily quoted.
In March, the car makers’ combined China sales went down 52% from a year earlier, affected by anti-Korean sentiment as for the planned deployment of an American missile defense system outside Seoul.
Since there’s no one who wants to purchase Hyundai vehicles, launching a brand new model or a sales promotion won’t change the situation for the better.
In contrast, in March counterparts Toyota Motor Corporation, General Motors and Honda Motor Co Ltd posted increases in China.
Hsueh told that the longer-term outlook could appear to be bleak, considering how Japan's 2012 territorial row with China reached sales of Japanese car makers hard for a while.
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.