U.K auto sales recording the lowest levels since 1992, followed by Fiat Chrysler U.S auto sales declining more than the industry average. Tiffany posting record net sales boosted by China’s online sales. What were the Wednesday’s top market news?
Global Insights
U.K sales of new cars plummeted by almost 30% as new car registrations declined by 680,076 to hit 1,631,064 in 2020, the lowest since 1992.
S&P 500 3,771.00 +1.42%
NASDAQ 12,778.50 -0.12%
DJIA 30,863 +1.91%
FTSE 6,841.86 +3.47%
DAX 13,916.00 +2.17%
NIKKEI 27,470.00 +1.14%
HSI 27,692.30 +0.15%
SHANGHAI 3,550.88 +0.63%
VIX 23.35 -7.80%
WTI Oil 50.87 +1.88%
Nat Gas 2.7200 +0.67%
GOLD 1912.70 -2.15%
US Dollar Index 89.510 +0.08%
U.S. 10 Treasury Yield +0.96%
Corporate Stories
Fiat Chrysler U.S sales tumbled 17.4% in 2020, more than the expected industrial average of 15% on pandemic impacts.
Tiffany’s holiday net sales surged 2% to hit a record high driven mainly by Chinese mainland and e-commerce sales, which gained 50% and 80%, respectively
Market Sentiment
The market was bullish on Wednesday despite NASDAQ tumbling on projections of a Democrat-led Senate. VIX fell on lowering risk sentiment. The dollar recovered previous losses to trade higher as Gold fell. Oil extended gains on OPEC+ production consensus.
