A global shortage of semiconductors is hitting autos production in China, jeopardising hopes the world's biggest car market might spearhead a recovery in the sector, industry executives warn.
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European stocks inched higher on Monday, extending their record-setting rally, as optimism about a solid start to the earnings season offset a worrying resurgence in COVID-19 cases globally. The pan-European STOXX 600 index rose 0.1% by 0706 GMT, its fifth day of gains, while an index of euro zone shares rose 0.2% to touch its highest since September 2000.
Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China, after hoping the world's biggest car market could spearhead global recovery in the sector.
Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China, after hoping the world's biggest car market could spearhead global recovery in the sector.
Auto industry executives are rattled by a global shortage of semiconductors which is hitting production in China, after hoping the world's biggest car market could spearhead global recovery in the sector.
U.S. technology and growth stocks have taken the market's reins in recent weeks, pausing a rotation into value shares as investors assess the trajectory of bond yields and upcoming earnings reports. Technology has been the top-performing S&P 500 sector in April, rising 8% versus a 5% rise for the benchmark index.
U.S. technology and growth stocks have taken the market's reins in recent weeks, pausing a rotation into value shares as investors assess the trajectory of bond yields and upcoming earnings reports. Technology has been the top-performing S&P 500 sector in April, rising 8% versus a 5% rise for the benchmark index.
- Cruise industry executives met with health experts and White House staff earlier this week, the Centers for Disease Control and Prevention said on Friday, following criticism of its guidelines on restarting voyages.
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