Autos

Search documents
依旧混乱_最新关税期限过后的关键图表-Still so messy_ The key charts as the latest tariff deadline passes
2025-08-08 05:02
4 August 2025 Still so messy Economics The key charts as the latest tariff deadline passes 2025 has been a rollercoaster ride, with US tariffs and geopolitical risks dominating the headlines. The past few weeks have been no different, with numerous trade deals signed between the US and the EU, Japan, Indonesia, Vietnam, Korea, and the Philippines amongst others, whilst negotiations with mainland China continue. We've seen the new, higher, tariff rates – varying between 10%-41% with effect from 7 August (see ...
Pre-Markets Shine on Japanese Auto Trade Deal
ZACKS· 2025-07-23 15:16
Group 1: Market Overview - Pre-market futures are up, driven by foreign auto companies, especially Japanese firms, following a new trade agreement that reduces tariffs on Japanese imported autos from +27.5% to +15% [1] - Major indexes are showing robust gains, with the Dow up +240 points (+0.54%), S&P 500 up +24 points (+0.38%), Nasdaq up +24 points (+0.10%), and Russell 2000 leading with +19 points (+0.87%) [3] Group 2: Company Earnings - AT&T reported Q2 earnings of 54 cents per share, beating estimates by 3 cents, with revenues of $30.85 billion, up +1% from estimates, but shares are down -2.5% in early trading [4] - NextEra Energy's Q2 earnings were $1.05 per share, also beating expectations by 3 cents, but revenues of $6.7 billion missed estimates by -7.28%, yet the stock is up +0.4% in pre-market [4] Group 3: Upcoming Earnings Reports - Major Q2 earnings reports are expected from Alphabet and Tesla, with Alphabet anticipating over +13% earnings growth and +11% revenue gains, while Tesla is expected to see declines of -25% in earnings and -12% in revenue [6] - Other companies reporting include IBM, Southwest Airlines, ServiceNow, and Las Vegas Sands, indicating a busy earnings season across various sectors [7]
中国消费2025 年第二季度-美国加征关税背景下家庭收入增长放缓-China_ Consumer Dashboard 2025Q2_ Household income growth slowed amid increased US tariffs (Yang)
2025-07-22 01:59
Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **Chinese consumer market** and its dynamics in Q2 2025, particularly regarding household income, spending, and consumer confidence. Key Points 1. Household Income and Spending - Household disposable income growth slowed to **5.1% year-over-year** in Q2 from **5.5%** in Q1, indicating a deceleration in income growth [4][5] - Nominal consumption growth remained flat at **5.2% year-over-year** in Q2, with per capita consumption growth decelerating to **4.3% quarter-over-quarter annualized** from **8.3%** in Q1 [4][5] - The decline in consumption growth was attributed to weaker spending in categories such as food, education, culture and entertainment, and transport and telecommunications [4] 2. Labor Market Conditions - Signs of softening in the labor market were observed, with the weighted average of employment sub-indexes under various PMI surveys declining in Q2 compared to Q1 [18][21] - Year-over-year growth in official wage income and migrant workers' average monthly income decreased to **4.7%** and **3.0%**, respectively, from **5.2%** and **3.3%** in Q1 [4][24] - Urban wage growth moderated to **3.9% year-over-year** in Q2 from **4.2%** in Q1 [27] 3. Household Savings and Deposits - The household savings rate fell below pre-COVID trend levels in Q2, with an estimated **RMB 55 trillion** in "excess deposits" compared to pre-COVID trends [37][40] - Household bank deposits continued to increase, indicating a shift towards saving rather than spending [37][40] 4. Consumer Confidence - The NBS consumer confidence index remained depressed in the first two months of Q2, with reports of nationwide childbirth subsidies being rolled out, though their impact is yet to be determined [4][46] - The number of marriage registrations has shown a structural downward trend for over a decade, complicating efforts to boost consumer confidence [47] 5. Retail Sales and Auto Sales - Retail sales growth accelerated in Q2, driven by stronger goods sales, although new property sales declined sequentially [8][13] - Auto sales volume was above last year's level in Q2, with a **16.2% year-over-year** increase in June [12] 6. Other Notable Trends - The labor cost sub-index in the CKGSB Business Condition Index survey showed slower growth in Q2, reflecting broader economic challenges [4][24] - The year-over-year increase in the migrant worker population has slowed in recent quarters, indicating potential labor market constraints [31][32] Conclusion - The Chinese consumer market is experiencing a slowdown in income growth and consumption, alongside signs of labor market softening. Despite some positive trends in retail and auto sales, overall consumer confidence remains low, influenced by structural demographic trends and economic uncertainties.
🇪🇺 The EU is worried about 30% tariffs on goods, AND 25% sector tariffs on autos. 🚗
Yahoo Finance· 2025-07-16 19:44
What the EU is really worried about is that 30% tariff on on goods and 25% sector tariffs that still remain on autos. And look, it's hitting Mercedes bad. It's hitting Porsche bad. Uh hitting Volkswagen's Audi bad.Look, they're all having to take sort of hits to their sort of bottom line because of the fact they're trying to price protect some from some buyers, but they can't do that forever. And so the question is, can they get this deal done uh before 2020 before the fall where the 2026 models model comes ...
摩根士丹利:中国经济-稳定的核心价格掩盖了潜在压力
摩根· 2025-06-10 02:16
Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - Core CPI showed a modest improvement, with a year-on-year increase of 0.1 percentage points to 0.6% and a month-on-month improvement to 1.2% SAAR, indicating a recovery since the policy pivot in September 2024 [2] - PPI deflation pressures continue, with a month-on-month decline of 0.4% for three consecutive months, leading to a year-on-year decrease of 3.3% [3] - Weak energy prices have significantly impacted both headline CPI and PPI over the past three months, while core prices remain resilient due to targeted policies [6] Summary by Sections Consumer Price Index (CPI) - In May 2025, the CPI year-on-year was -0.1%, with food prices down by 0.4% and non-food prices stable at 0.0% [5] - Core CPI (excluding food and energy) was at 0.6%, reflecting a slight increase from previous months [5] Producer Price Index (PPI) - The PPI year-on-year was reported at -3.3%, with notable declines in producer goods (-4.0%) and mining and quarrying (-11.9%) [5] - Durable goods prices turned positive month-on-month, driven by the automotive sector, although this may not fully reflect recent price cuts [3][5] Key Drivers - The resilience in core prices is attributed to targeted policies such as the consumer goods trade-in program, while a supply-demand imbalance persists [6] - The renewed competition in the automotive sector may not have been adequately captured in the current readings, indicating potential volatility in future reports [6]
美国经济-第一季度 GDP 显示最终私人国内需求疲软
2025-06-02 15:44
V i e w p o i n t | 29 May 2025 09:33:57 ET │ 10 pages US Economics Final private domestic demand softer in second release of Q1 GDP CITI'S TAKE The second release of Q1 GDP still shows a modest contraction in growth (- 0.2% compared to -0.3% initially) due to a surge in imports before tariffs. Final private domestic demand rose 2.5%, still much stronger than the overall GDP figure. But if anything, revisions to final private domestic demand suggests softer underlying demand than previously. Consumption, pa ...