Here are news stories, press reports and events to watch which may affect the auto industry, transportation and energy markets on Tuesday.
Oil falls on euro zone worry, fading stimulus hope.
Indicated 0.3 percent higher
Barclays trimmed the price target of Porsche SE to 54 euros from 55 and reaffirmed its overweight recommendation.
June ZEW due ay 0900 GMT. Economic sentiment seen at 4.0, down from 10.8 in May. Current conditions seen at 39.8, down from 44.1 in the previous month.
India’s Oil and Natural Gas Corp (ONGC) and China National Petroleum Corp (CNPC) have signed an agreement to renew a cooperation pact in areas such as exploration, the chairman of the Indian company told Reuters.
Russian group Gazprom is winding up the entity it created to operate the Shtokman gas field and may set up a new company as it prepares to sign a deal that will bring Royal Dutch Shell into the project, Russian financial daily Vedomosti reported on Tuesday.
PSA PEUGEOT CITROEN
The French car maker could announced the closure of its factory in Aulnay-sous-Bois on July 25, said Gerard Segura, the mayor of the town where the factory is located.
Romanian carmaker Dacia, owned by French Renault, plans to partly stop production at its Mioveni factory on June 18 and 19 and July 2 due to a drop in car orders.