Monday, May 31, 2021

Auto sales in May might have been hit by lockdown, double-digit decline seen across segments

Auto sales in May might have been hit by lockdown, double-digit decline seen across segments Experts largely look confident about a recovery in automobile sales from the second quarter of FY22 onwards, as restrictions are likely to be lifted. One brokerage sees a strong cyclical upturn that will last at least three years.

from Moneycontrol Business News https://ift.tt/3p44VBf

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...