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International Business Times reported the platinum outlook is dim on slowing truck sales in Europe according to Edel Tully, a UBS analyst.
International Business Times reported the platinum outlook is dim on slowing truck sales in Europe according to Edel Tully, a UBS analyst.
As quoted in the market news:
A UBS survey of truck buyers in the troubled European trading bloc revealed most respondents expect to buy fewer trucks in coming quarters. A smaller group, about 39 percent of respondents, expect their purchases to remain steady, indicating flat sales.
Based on survey results, the Swiss bank projects a 9.5 percent decline in the European truck market this year.
Click here to read the full International Business Times report.