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Traditional German car giants are striving to maintain their market position.
For a long time, the auto manufacturers in Germany have been known for producing reliable and innovative internal combustion engine (ICE) cars, but in the era of electrification, the country's auto giants are striving to maintain their important market positions. In recent weeks, major German auto manufacturers such as Volkswagen, Mercedes-Benz Group, and BMW have successively issued profit warnings, citing reasons such as weak overseas markets and low demand. Germany is facing historic large-scale layoffs, the possible closure of Volkswagen's German factories, and the sudden end of Germany's electric car subsidy program at the end of last year. In addition, the German government recently failed to prevent other EU member states from voting in favor of the EU on
ING Groep Price Target Lowered to EUR 19 From EUR 19.80 at Citi
ING Comments on The Canadian Dollar Ahead of Next Week's Central Bank Policy Meeting
ING Groep: Trump's prospect of winning the election may help boost the US dollar.
ING Groep analysts stated in a research report that the likelihood of Republican presidential candidate Donald Trump winning the upcoming presidential election is increasing, which may help boost the US dollar and increase selling pressure on the Euro. They mentioned, "The Euro was weakening before the expected interest rate cut announcement by the European Central Bank on Thursday, but the 'Trump trade' resurgence may also play a role in the forex market." They noted, however, that US Treasury bonds have not been impacted by the 'Trump trade'.
Fitch Keeps ING Rating, Outlook on Strong Retail Franchise
ING Closes EUR2.5 Billion Share Repurchase Program
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