Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Toyota’s Global Production and Sales Decline in September 2024
Toyota Motor Corporation reported an ongoing decline in global production and sales for September 2024, marking the eighth consecutive month of decreased output. The automaker’s total production fell by 8% year-on-year, reaching 826,556 vehicles. Notably, production in the United States dropped by 14%, while output in China declined by 19%.
The downturn in U.S. production was influenced by a temporary halt in manufacturing and delivery of the Grand Highlander and Lexus TX sport utility vehicles due to an airbag safety issue. Fortunately, production of these models resumed on October 21.
In China, the largest automotive market globally, Toyota faced intensified competition from local brands specializing in electric vehicles (EVs) and plug-in hybrids. This shift towards electrification has put significant pressure on traditional automakers like Toyota.
Additionally, Toyota’s global sales for September decreased by 7%, totaling 853,149 vehicles. The decline was even steeper in the U.S., where sales fell by 20%, while sales in China dropped by 9% and domestic sales in Japan decreased by 6%.
For the first nine months of 2024, Toyota has sold 7.4 million vehicles, reflecting a 2% decrease compared to the same period last year. These production and sales figures include vehicles from Toyota's luxury brand, Lexus.
