Financial Communique » sales

Hard drop of automobiles sales in Europe

Viliyana Filipova — Wed, 16 Feb 2011 13:33:54 +0000

Fiat, Toyota and Ford are the three car companies, which topped the tenth consecutive monthly decline in auto sales in Europe. The expiration of government incentives for the purchase of new vehicles and increase the tax burden in the European countries because of limited demand fiscal crisis on the continent. The number of new registrations in Europe fell by 1.1 percent on a monthly basis to 1.07 million vehicles in January. This monthly figures showed the European Automobile Manufacturers Association. With the sharp drop features Fiat, whose sales shrank by 20 percent within a month. Those of Toyota fell by 11%, while Ford is decreased by 9.4 percent on a monthly basis. High unemployment of 10% and end of programs to stimulate purchases of new cars makes European households to contain themselves in their spending. The analysts point out that Ireland and Romania are the only European countries that still offer incentives for the purchase of vehicles. The sales decreased in three of the five largest markets in Europe, reported 24 percent drop in Spain, 21% in Italy and 12% in Britain. At the same time purchases in Germany increased by 17%, and France increased by 8.2 per cent.
The Europe’s biggest carmaker Volkswagen won by the bustle of the local market and reported 6% growth in sales. The market share of German company jumped to 22.1 percent in Europe in January from 20.6 percent the previous month. The sales of luxury car manufacturers BMW, Daimler and Audi increased by 20%, 14% and 3.6% on a monthly basis respectively. The second largest carmaker in Europe, PSA Peugeot Citroen reported 3.6 percent drop in sales in January, while Renault decrease of 4.8 percent on a monthly basis.

Predictions of Toyota increase Japan indexes

Viliyana Filipova — Thu, 05 Aug 2010 12:39:52 +0000

The stock market indexes in Asia and the Pacific region resumed its upward movement today after the largest automobile company in the world – Japanese Toyota, increased its forecast for profit this year because of increasing sales in the U.S. and Asia. Tokyo stock indexes are best presented during today’s session, led by shares of Toyota, which rose 3.4 percent. The company management said it expects net profit of 340 billion yen (3.98 billion dollars) for the fiscal year to March 31st, 2011. Previous estimates had a positive financial result of 310 billion yen. The main Japanese stock index Nikkei 225 rose 1.7 percent to 9 653.92 points while the insurance protection from bankruptcy, the Japanese state fell to its lowest level in three months. The rate of the yen has remained almost unchanged against the dollar today after yesterday jumped to its highest level in 15 years. Stock optimism in Japan was also supported by remarks of the Prime Minister of the country forms of the Khan, who said the government is prepared to grant a new impetus to the economy by using the current budget provisions. He fears that high unemployment and expensive yen would hurt the economic recovery of the country.
Regional stock measure MSCI Asia Pasific, which oversees securities markets in ten Asian countries, Australia and New Zealand increased by 0.6 percent to 121.42 points, approaching its highest value for the last three months. The price of wheat jumped to nearly two-year peak because of concerns that Russia will limit exports gave drought in the country. All ten industry groups represented in the MSCI Asia Pacific, moving to increase during today’s session. In Thailand SET index wide increased by 0.9 percent to 875 points, marking the 11th consecutive winning session, a record for the index over the past 16 years. Australia’s S & P / ASX 200 rose 0.5 per cent, rising to its highest level in six weeks from 4 566.50 points. Exchange Mumbai BSE Sensex 30 rose by 0.2% to 18 246.50 points, led by tech companies. Increased interest by foreign investors in Indian equity markets in recent weeks BSE Sensex rose 30 to its highest level since February 2008. BSE Sensex 30 rose by 4.5 percent since the beginning of this year. On the negative territory ended the session in Shanghai, where the Shanghai Composite retreated 0.7 percent to 620.76 points to 2 because of decreases in the real estate sector. In Hong Kong’s Hang Seng remained unchanged at 21 551.72 points.

Wave of sales on Asian markets

Viliyana Filipova — Thu, 29 Apr 2010 12:34:26 +0000

The wave of increased sales, which covered yesterday the securities markets in Europe and the U.S. broke today and Asian stock exchanges. Although it was expected, the decision by ratings agency Standard & Poor’s to cut the credit rating of Greece and Portugal brought sharp decreases in the indexes and the risk premium on government securities of the two countries jumped sharply. Regional stock measure MSCI Asia Pacific, which brings together public companies from 10 Asian countries plus Australia and New Zealand slid 1.6 percent to 125.20 points today. This is his fourth decline in five trading session, and meanwhile the cost of insurance to protect against the failure of Asian countries reached its highest level since February. Stock prices of raw materials and the euro rate fell because of concerns that the fiscal crisis in Greece will be released in the eurozone. President of the European Central Bank Jean-Claude Trichet will meet with German politicians and the head of the International Monetary Fund Dominique Strauss-Kahn in Berlin today to discuss a possible rescue plan for Greece. All ten industry groups included in the MSCI Asia Pacific, noted a sharp drop as financial companies ran among the losers. Among national indexes in the region most Japanese Nikkei fell 225, which slid 2.6 percent to 10 924.79 points as investors shrugged off a strong 5-percent increase in retail sales in Japan in March.
Shares of Japanese exporters fell due to the appreciation of the yen, which their goods more expensive abroad and reduces the realized gain on foreign markets. More expensive Japanese currency against all other major currencies today and the most against the euro and Swiss franc, because it is used by investors as a refuge in times of economic uncertainty. The second most loser index in the region today was Hang Seng, which fell 1.5 percent to 20 949.40 points, mainly because decrease for banks and companies in the housing sector. In China, Shanghai Compoiste broad index decreased by 0.3% to 2 900.33 points and Australia S & P / ASX 200 fell 1.2 percent to 4 822.80 points largely because of sales in mining companies.
Earlier today it became clear that inflation in Australia has doubled in the first quarter and accelerate to 2.9 percent annually, which exceeded forecasts the central bank. It strengthened investor expectations that next week Australia’s central bank may again raise its key interest rate and also outweigh quotations on the stock exchange in Sydney.

Greece restricted short sales of stocks for next 2 months

Viliyana Filipova — Tue, 27 Apr 2010 22:34:51 +0000

Greek stock market regulator has decided to ban short sales of securities which it may be speculating on falling prices for Greek shares. Decision takes effect today and will be valid until 28th June. The reason for this was the wave of sales that hit Athens Stock Exchange yesterday because of speculation that Greece will not be able to meet payments on its debt. The decision of the international rating agency Standard & Poor’s to lower the rating by three points in Greece quake caused the financial markets yesterday and fell 6 percent main stock index in Athens ASE. Investors had expected such a move because of uncertainties about the rescue plan by the International Monetary Fund for Greece and the euro area and the growing interest on government securities of the party would further hamper the Greek government in its attempts to be financed by issuing government bonds. However, news that the Greek government bond rates have already “junk” led to massive sales of Greek shares Tuesday, which suffered the most financial companies. Shares of Greece’s largest bank National Bank of Greece dropped by 10% and already 45% below their price levels by the end of last year. The ban on short selling is not surprising, given that they contribute to the sharp drop in share prices. They allow market participants who expect the price per share to decline to speculate with it, sell it without first be purchase.
Committee on Capital Markets, which regulates the activity of the stock exchange in Greece, indicating the exceptional circumstances on international financial markets as a reason to ban short selling shares in Greek in the next two months. The ban aims to prevent speculative bets that stock prices will continue to fall, which further undermines the already fragile market confidence.

Free fall of Asian indexes

Viliyana Filipova — Mon, 19 Apr 2010 17:16:54 +0000

News of the investigation against Goldman Sachs, who is suspected of large-scale fraud mortgage securities caused a wave of sales of U.S. and European markets on Friday, which spilled over in Asia today. The Best Mortgages dropped the good results of Asian indexes. The reduced risk appetite of investors not only lower stock prices, but those of raw materials, while the rate rose strongly in the dollar against all major currencies. Analysts said the charges against the investment bank Goldman Sachs will severely undermine the already fragile confidence in financial markets and could lead many investors to leave them. The strong decrease of the Asian indexes today also contribute to the news that the Chinese government continues to restrict investment in real estate. Regional stock measure MSCI Asia Pacific, which oversees securities markets in ten Asian countries plus Australia and New Zealand sank by as much as 2.1 percent to 125.62 points. Today’s decline was its strongest over the past two months. On Friday, Asian markets retreated sharply from its 20-month peak for sales in the residential construction sector and the stock exchanges in Shanghai and Hong Kong.
The most painful fall from 4.4 percent today to 1 175.3 points bear the broad index Chinese Shanghai Composite. Reason for this given the news that the Beijing government has ordered banks to stop the country to grant mortgage loans to purchase a third property. The main stock index in Hong Kong Hang Seng in turn, lost 2.1 percent to 21 405 points for sales in the financial sector. Oil prices fell below 82 dollars at today’s e-commerce in Asia, compared with 86 dollars early last week. Shares of Goldman Sachs is payments with goals 13% by the end of Friday’s session of the New York Stock Exchange. Financial companies were the losers in today’s session in the Asian and Pacific region together with those from the extractive sector. The index of the largest companies traded on the Tokyo Stock Exchange with the Nikkei 225 retreated 1.7 percent to 10 908.77 points, while in Taiwan Taiex lost 3.2 percent to 7 854.22 points. Australia’s S & P / ASX 200 fell 1.4 percent to 4 915.10 points, while New Zealand NZX 50 fell 0.9 percent to 3 282.20 points. The Stock Exchange of Thailand SET main index continued to fall rapidly and decreased by 1.7 per cent after anti-government demonstrators called for the organization of new mass protests in the capital Bangkok tomorrow. Clashes between police and demonstrators in early April led foreign investors to withdraw, and Thailand sell shares for 200 million dollars.

13% growth for January of sales of new cars in Europe

Viliyana Filipova — Thu, 11 Feb 2010 21:49:24 +0000

The sales of new cars in Europe are still maintained in some countries by government incentives, increased by an average 12.9 percent in January on an annual basis, figures released today data on the association of European car manufacturers. In EU countries, excluding Cyprus and Malta for months have sold 1 058 868 new cars, but to include Iceland, Norway and Switzerland, the number reached 1 085 894 cars (+13% yoy). For the first time the association provides separate statistics for individual Member States and to include information listed three states. According announced earlier this month, data from Association of Automobile manufacturers and their authorized representatives in Bulgaria for January in our sales have decreased by 47% compared to January 2009. The largest decline for the first month of 2010 is recorded on the market in Romania (-84.6%) and highest growth – this in Portugal (62%). In Britain, sales increased by nearly 30% to 145 479 units, in France has increased by 14.3 percent to 171 478 number in Spain is rising by 18% to 70 130 units, and in Italy are registered growth of 30.2% to 206 341 units. Germany, however, reported a fall of 4.3% in car sales annually to 181 189 pieces in January.
The European market leader continues to be a Volkswagen sold more than 217 thousand cars. Subsequent PSA Peugeot Citroën (over 148 thousand) and Renault (over 114 thousand).