Global auto sales are in the midst of the first sustained slowdown since the 2008 financial crisis, as a result of volatile international trade policy, rising commodity prices, declining demand and tariffs
Ferrari stock prices are collapsing after the new CEO said that former CEO Marchionne's 2022 targets for the company were "aspirational" which has seemingly been interpreted by investors as 'make-believe'.
A new month begins on the back foot after a fresh escalation in the US-China trade war, more PBOC intervention to calm markets, a Japanese bond rout as the BOJ did not intervene to calm markets, and a Fed meeting.
While both careful not to specifically cite the politically unwise 'tariffs', Boeing, GM, and Fiat Chrysler stocks are plunging in the pre-market after trade war-related impacts caused missed earnings or lowered outlooks.
A 3-day global stock rally stalled on Wednesday, with Asia and Europe mixed, as investors digested the latest set of earning while waiting for the outcome of a meeting between President Donald Trump and the EU Jean-Claude Juncker
"FCA communicates with profound sorrow that during the course of this week unexpected complications arose while Mr Marchionne was recovering from surgery and that these have worsened significantly in recent hours."