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5 Mins With ADESA UK MD Jonathan Holland


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Jonathan Holland, the head of online vehicle remarketing business ADESA UK, outlines a need for the industry to sell a vehicle before it leaves its current keeper.
What is ADESA?
Owned by KAR Global, we trade on the US Stock Exchange and we’re highly relevant in North America, where we compete in two markets, forming a duopoly. Two or three years ago there was a focus on global expansion, and this brought about acquisitions and new business start-ups, including that of ADESA. Our focus is online remarketing. However, the whole market is in that space to some extent following the speed of change prompted by the COVID-19 crisis. ....

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12Apr2021 Pre-Market Commentary: Wall Street Futures Slip After Large Caps Hit Fresh Records, DOW Down 47 Points, Nasdaq Down -0.3%, WTI Crude Above 60, Bitcoin Higher At 60300


Cryptos reach new record high ahead of Coinbase listing (SPY -0.1%). Global stocks hover at all time high as Q1 earnings begin as Powell says U.S. economy at inflection point.
Here is the current market situation from CNN Money
European markets are mixed. The DAX is higher by 0.06%, while the CAC 40 is leading the FTSE 100 lower. They are down 0.43% and 0.07% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production
Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after plunging to historical lows in 2020. Early this month, oil prices reacted positively after OPEC and its non-OPEC partners, aka OPEC+, reached a favorable agreement to start gradually curbing production cuts beginning in May. Starting next month, OPEC+ will allow an additional 350,000 barrels per d ....

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