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EMEA Morning Briefing: Shares Seen Weighed by -2-

01/18/2022 | 12:36am EDT

Rolls-Royce, Bentley, BMW Sales Surge as Cheaper Brands Lag Behind

BERLIN-Luxury car brands such as Rolls-Royce, Bentley, Porsche and BMW have reported record sales, thanks to customers who have craved them and manufacturers that have directed scarce chips toward their most profitable models.

With international travel stalled during the pandemic and many avenues of flashy spending closed to them, a young generation of luxury-car consumers went on a shopping spree last year.

Yemen's Houthi Rebels Claim Aerial Attacks on U.A.E. Capital

Yemen's Houthi rebels said they were behind aerial attacks in the United Arab Emirates that killed three people on Monday, as intensifying fighting in a 7-year-old civil war spills out across the broader Middle East.

The Houthis, who are backed by Iran, said they had targeted Abu Dhabi with ballistic and cruise missiles and a large number of drones in retaliation for a recent escalation by the U.A.E. in Yemen, where Emirati-backed militants last week dealt the Houthis an unexpected defeat in the oil-rich province of Shabwa. The Emiratis have intensified their efforts recently in support of local militants in Yemen in a Saudi-led coalition that had suffered defeats.

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Expected Major Events for Tuesday

07:00/EU: Dec New Passenger Car Registrations in Europe statistics (EU27 + EFTA3)

07:00/UK: Dec UK monthly unemployment figures

07:30/SWI: Dec PPI

07:30/SWI: Dec Import Price Index

09:00/BUL: Dec CPI

09:00/ITA: Nov Foreign Trade EU

10:00/GER: Jan ZEW Indicator of Economic Sentiment

11:00/FRA: Nov OECD Harmonised Unemployment Rates

11:00/POR: Dec PPI

16:59/AUT: Jan OPEC Monthly Oil Market Report

All times in GMT. Powered by Kantar Media and Dow Jones.

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This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

01-18-22 0036ET

Stocks mentioned in the article
ChangeLast1st jan.
BMW AG -0.50% 77.45 Delayed Quote.-12.04%
LONDON BRENT OIL 0.53% 112.04 Delayed Quote.42.93%
ON SEMICONDUCTOR CORPORATION -3.05% 54.35 Delayed Quote.-17.45%
PORSCHE AUTOMOBIL HOLDING SE 1.02% 71.58 Delayed Quote.-15.08%
S&P 500 -1.58% 3838.02 Real-time Quote.-18.16%
WTI 0.81% 110.047 Delayed Quote.43.34%
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