LONDON —
due later in the week. On Monday, speeches are due from Federal Reserve Governor Christopher Waller and New York Fed President John Williams.The chief executive of European-American automaker Stellantis unexpectedly resigned on Sunday, citing"different views" between the executive and the board of directors.The company said it expected to find his replacement during the first half of next year and would appoint a new interim executive committee led by Chairman John Elkann.
Jefferies analyst Philippe Houchois said in a note Sunday that his early and immediate departure left the group"without leadership at a time of critical decisions" on brand management to reverse market share loss and on excess industrial capacity in Europe and North America. China's manufacturing activity continued to expand among smaller manufacturers in November, signaling that the country's recent stimulus efforts have already helped to lift certain sectors of its ailing economy, according to a private survey released Monday.