At a time when U.S. sales are soaring, Europe saw a drop of almost seven percent in the first half of this year. There is one bright spot: U.K. car sales are up.
What is designed to give insight into the labor market may also guide future interest rates, since the Federal Reserve will be watching — and so will Europe.
Canadian Mark Carney takes over running the Bank of England today. Carney looks good and has star power, but some wonder whether the current adulation will last.
Global markets are down this morning on news that the U.S. Federal Reserve may not continue its bond buying program, known as quantitative easing, in the long-term.