The American auto giant Ford Motor took first place in sales of new cars in the U.S. in February and surpassed its rival General Motors in Detroit for the first time in 12 years, and the world leader in the automotive industry in the face of Toyota. In the past month Ford managed to sell 142 285 cars and trucks in the U.S.. The increase amounted to 43.1 percent annually, which puts Ford at the forefront of the automotive market, whose foundations were built by the same company more than a century, sent Wall Street Journal. Sold by all companies in the U.S. automotive vehicles rose to 10.38 million units annualized in February compared to 9.17 million years ago. Autodata calculations show that Ford’s market share has increased by about 2 percentage points last year to 17%. Sales of General Motors rose by 11.5 percent annually to 141 951 cars and trucks in February, while those of Toyota fell by 8.7 per cent to 100 027.
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The week started with the growth in oil prices. The reason for this is mainly speculation that OPEC’s new measures to curtail production will lead to a reduced supply of raw material. At the time of high interest are expected consumer confidence data in the U.S., which will be published tomorrow. Estimates for the improvement of the indicator, which can also lead to an increase in oil prices because of expectations that positive attitudes will be conveyed in the corporate sector. This morning American barrel light crude oil is traded with a growth of 0,5 per cent on Friday, as the quotations are close to 82 dollars per barrel. Last week, black gold has managed to rise by 2,3 per cent on Friday as only the price of oil has increased with 1,3 percent, reminds Bloomberg.
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Lack of important economic data in the early weeks of the new exchange led to the tentative start of today’s session on Wall Street. All three major indexes found themselves in positive territory in early trade but shortly thereafter changed direction and gravitate around the neutral zone. Dow Jones Industrial Average, which brings together 30 most actively traded stock in U.S. companies with the highest market capitalization remains unchanged at 10 570.51 points by one hour after the start of trade. Broader index S & P 500, meanwhile rose by 0,1 percent to 1 138.68 points. On the Nasdaq stock exchange, however, the main Nasdaq Composite index rose by 0.2% to 2 330.15 points, which is its highest level since early September 2008, technology companies are among the most profitable today, but those in the health sector is ranked among the top losers in the trade. The last session last week led to significant increases in the indexes after the data on the labor market showed that unemployment in the United States remains at a level of 9.7 percent for the second consecutive month in February, but the cuts in non-agricultural sectors of the economy fell more than expected. Trading last week was volatile because of the key data on employment in the sectors of U.S. economy and may continue to be volatile in coming days and because of scarce economic data.
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