Those worries have started to ease a bit in recent months. GM was able to narrow its losses last quarter, and there are increasing signs that the company’s restructuring effort — just the latest in a long string of attempts to put GM Europe back into the black — is finally bearing fruit. How will Europe impact GM’s upcoming third-quarter report? In this video, Motley Fool contributor John Rosevear explains how GM is slowly but surely turning its European operation around, and at what shareholders should expect to hear when third-quarter results are released. Profit From Rising Gas Prices Think the days of $100 oil are gone? Think again. In fact, the market is heading in that direction now. But for investors that are positioned to profit from the return of $100 oil, it can’t come soon enough. To help investors get rich off of rising oil prices, our top analysts prepared a free report that reveals three stocks that are bound to soar as oil prices climb higher. To discover the identities of these stocks instantly, access your free report by clicking here now. Fool contributor John Rosevear owns shares of General Motors. You can connect withhim on Twitter at @jrosevear .The Motley Fool recommends General Motors.
Europe stocks drop on U.S. fears; Italy rises
We weren’t getting any hopes of new stimulus from the ECB, were not feeling any closer to a fiscal resolution in the U.S. and economic data was a bit soft , he said. Its difficult to see markets pushing higher until we have some appropriate resolution on the [U.S.] debt ceiling. My suspicion is they will merge the budget and debt ceiling into the same issue. The more capital the Republicans expend on the budget negotiations, the less they will have left when they talk about the debt ceiling, which is much more important from a market perspective, he added. Among notable movers in the pan-European index, shares of LVMH Moet Hennessy Louis Vuitton SA /quotes/zigman/165816 FR:MC -2.23% /quotes/zigman/315999/quotes/nls/lvmuy LVMUY -1.33% dropped 2.2% in Paris after Chief Executive Michael Burke said Marc Jacobs will leave the company and focus on his own brand. Jacobs will work toward a public listing of his label. Whilst this does not invalidate the long-term structural EM growth story, perhaps the market needs to revisit the growth algorithm one should apply. With Unilever positioning itself as the emerging-market company it will unavoidably find itself in the middle of this debate, UBS said. ECB meeting, Italian vote keep investors busy European stock markets stayed in negative territory after the European Central Bank left its key lending rate at a record low of 0.5%, as expected. ECB President Mario Draghi said in the following news conference that the recovery in the euro area remains weak, fragile and uneven, but didnt hint of new stimulus measures or a forthcoming rate cut. Read live blog of ECB President Mario Draghis news conference Draghi did not sound as dovish as hoped for.