{"id":449986,"date":"2025-09-25T08:40:13","date_gmt":"2025-09-25T08:40:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/449986\/"},"modified":"2025-09-25T08:40:13","modified_gmt":"2025-09-25T08:40:13","slug":"stocks-slip-as-uk-vehicle-production-falls-to-lowest-since-1956","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/449986\/","title":{"rendered":"Stocks slip as UK vehicle production falls to lowest since 1956"},"content":{"rendered":"\n<p class=\"yf-1090901\">Stocks in Asia were mixed overnight, with the Nikkei (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/%5EN225?p=%5EN225\" data-ylk=\"slk:^N225;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^N225<\/a>) rising 0.3% on the day in Japan, while the Hang Seng (<a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/%5EHSI?p=%5EHSI\" data-ylk=\"slk:^HSI;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^HSI<\/a>) fell 0.3% in Hong Kong.<\/p>\n<p class=\"yf-1090901\">The Shanghai Composite (<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/000001.SS?p=000001.SS\" data-ylk=\"slk:000001.SS;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">000001.SS<\/a>) was treading water by the end of the session and in South Korea, the Kospi (<a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/%5EKS11\" data-ylk=\"slk:^KS11;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^KS11<\/a>) was also flat on the day.<\/p>\n<p class=\"yf-1090901\">Across the pond on Wall Street, the S&amp;P 500 (<a data-i13n=\"cpos:5;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/%5EGSPC\/\" data-ylk=\"slk:^GSPC;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^GSPC<\/a>) dipped 0.3%, and the tech-heavy Nasdaq (<a data-i13n=\"cpos:6;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/%5EIXIC?p=%5EIXIC&amp;.tsrc=fin-srch\" data-ylk=\"slk:^IXIC;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^IXIC<\/a>) was 0.3% lower, both falling for a second day running. The Dow Jones (<a data-i13n=\"cpos:7;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/%5EDJI?p=%5EDJI&amp;.tsrc=fin-srch\" data-ylk=\"slk:^DJI;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">^DJI<\/a>) lost 0.4%.<\/p>\n<p class=\"yf-1090901\">It came as the US Department and Commerce published a document lowering the tariffs on auto imports from the EU to 15% retroactively as of August 1, as well as making effective exemptions on products such as aircraft and generic drugs. This cemented the terms of EU-US framework trade deal whose outline was agreed in late July.<\/p>\n<p class=\"yf-1090901\">Meanwhile, United States Secretary of the Treasury Scott Bessent called for faster rate cuts last night, stating in a Fox Business interview that rates \u201cneed to come down\u201d. He said he was \u201ca bit surprised that the chair hasn\u2019t signalled that we have a destination before the end of the year of at least 100 to 150 basis points (lower).\u201d<\/p>\n<p class=\"yf-1090901\">It is a big contrast with the median dot from last week\u2019s dot plot, which only pencilled in another 50bps of cuts by year-end.<\/p>\n<p class=\"yf-1090901\">Bessent also offered a bit of commentary on the search for a new Fed Chair, saying that he was interviewing 11 candidates, and that there would be interviews happening next week.<\/p>\n","protected":false},"excerpt":{"rendered":"Stocks in Asia were mixed overnight, with the Nikkei (^N225) rising 0.3% on the day in Japan, while&hellip;\n","protected":false},"author":2,"featured_media":449987,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[748,393,7065,1880,4884,1144,712,2479,16,15,86125,1764],"class_list":{"0":"post-449986","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-britain","10":"tag-england","11":"tag-european-stocks","12":"tag-ftse-100","13":"tag-great-britain","14":"tag-northern-ireland","15":"tag-scotland","16":"tag-smmt","17":"tag-uk","18":"tag-united-kingdom","19":"tag-vehicle-production","20":"tag-wales"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115264043664587746","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/449986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=449986"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/449986\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/449987"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=449986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=449986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=449986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}