Quarterly earnings have been recently released by Ford Motor Co. F -0.29%, as per a recent report. And there is hardly any change in these if compared to the earnings of last year for Q3.
It is being said that this is because the North American performance was so good that it outweighed losses in Europe. Not only the North American power, but another fact has come out that Europe has still a long way to go ahead.
According to a statement by Labor Department on Thursday, there has been a drop in the number of weekly applications for US unemployment help. Figures suggest that the number fell by a significant margin of 23,000 in the previous week accounting for seasonally adjusted 369,000.
Though the oil process per barrel has increased, experts predict that a decline will be witnessed. While citing the reason for the same, experts were of the view that the demand is not that strong, which can increase or maintain the current price, which is $113 a barrel.
Now, it seems that financial problems of Italy and Spain will get sorted a bit. It is so because as both the countries have been provided with big bond auctions. It has been found that the Italian Treasury has received orders of worth 18 billion euros, which means that it does not need to worry about borrowing needs for rest of the year.
Considering a very high inflation rate, the central bank did not change its lending rate from 8% during its policy review that took place on Monday. Rather, it has reduced the bank's cash reserve ratio by a quarter percentage point, making it 4.5%.
Following a loss in the energy and banking sectors, the European stocks have finally withdrawn its name from a 15-month high on Monday. Apart from this, even the corporate news sector did not go well this time.