J.D. Power (Jan): new-vehicle sales projected at 1.18mln, -2.7% Y/Y.
The projected decline in new-vehicle sales suggests a softening demand in the automotive sector, which could reflect broader consumer sentiment trends.
The US warns senior Iraqi politicians, threatening state sanctions against Iraq if an Iran backed armed group joins the next government, according to sources
China and Russia have vowed to strengthen APAC coordination
J.D. Power (Jan): new-vehicle sales projected at 1.18mln, -2.7% Y/Y.
US has reportedly threatened to curb the supply of USDs to Iraq in the scenario that they fail to disarm militants who are backed by Iran, FT reports
Trump administration is reportedly removing a US official whose unit had banned Chinese vehicles, according to sources
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This -2.7% year-on-year drop may impact related equities and supply chain dynamics; traders should monitor how this aligns with recent economic data, as weaker sales can influence outlooks for growth and consumer spending.
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