New-vehicle prices in the United States rose in November, continuing a slow, steady increase that has persisted for more than a year, according to Kelley Blue Book. The average transaction price (ATP) reached $49,814, up 1.3% from a year earlier and mostly unchanged from October’s $49,760. Prices are expected to rise in December, when higher-end models typically dominate sales.
European firms are accelerating efforts to diversify away from Chinese supply chains as Beijing’s self-reliance drive and export controls deepen global trade uncertainty, the European Union Chamber of Commerce in China said on Wednesday.
Asian stocks retreated on Wednesday amid growing caution over an upcoming U.S. Federal Reserve interest rate decision, with Chinese shares pressured by signs of continued deflation in the country.
