U S auto sales rise as pickups lead rebound
Strong demand for pickups drives an August U S sales jump with GM up 10 percent Ford 13 percent and Chrysler 14 percent Analysts project about a 20 percent rise overall driven by housing recovery and low interest financing Ford reports F Series up 19 percent Chevrolet Silverado 38 295 Ram 25 000+ Rams sales fueled by discounts and incentives across brands
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Est Sales and Factory Output Figures Noted In Brief
Industry brief lists estimated sales of 412470 with factory sales at 143062 and Fries open interest 744916. report notes a negative 2436 offset. No further context provided.
Global markets fall amid fears of policy help from major powers
Global stocks slide as U S Europe and Asia await policy moves. ECB chief Draghi expected to outline a new bond buying plan to cut borrowing costs for Spain and Italy while Moody s cautions on EU credit. Dow and S P 500 drop ahead of payrolls data.
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U S factory activity shrinks for third straight month
The Institute for Supply Management reported August factory activity at 49.6, down from 49.8 in July, signaling contraction as new orders, production, and employment fell. Weak consumer spending and declines in capital goods orders hinder output amid global slowdowns in China and Europe.
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