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Thursday,10 November 2022 at 17:13

Sales of second-hand electric cars have hit a record high even as the overall market shrinks.


Pre-owned chargeable vehicles sales rose 44.1% to 16,775 in the third quarter, according to the Society of Motor Manufacturers and Traders.

The sharp jump came even as overall second hand car sales fell by more than a tenth, as fewer cars were put on sale. 

U.K. and European markets jumped after October’s reading of U.S. consumer prices offered hope that inflation stateside has peaked.

U.S. stocks saw outsized gains as Wall Street cheered lighter-than-expected inflation data and monitored midterm election tallies.

Oil prices rose.

Gold priced higher as the dollar fell.

Markets
At the close
FTSE 100 7,375 +1.08%
FTSE 250 19,377 +3.90%
DAX 14,146 +3.51%
At 17:15
Dow Jones 33,486 +2.99%
S&P 500 3,922 +4.65%
NASDAQ 10,993 +6.19%
Fixed Income
UK 10-YR YIELD 3.296
Exchange Rates
GBP/USD 1.167
GBP/EUR 1.148
Commodities
Gold $1,748 +2.50%
Brent $94.18 +1.99%
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.

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