European Markets Slip as Investors Focus on Economy
European Markets Slip as Investors Focus on Economy
The retreat in markets confirmed that any euphoria surrounding the death of Osama bin Laden had run its course, with investors focused on the state of the recovery and the outlook for interest rates.
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Stocks down as traders focus on interest rates
Global stocks eased lower Tuesday as investors turned their attention toward a raft of economic news over the coming days and India’s central bank lifted interest rates to keep a lid on inflation.
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Risks Of Economic Overheating – German Boom Fuels Inflation Angst
The German economic boom is fueling inflation, and prices are expected to keep rising because of Europe’s one-size-fits-all monetary policy. The European Central Bank can’t raise interest rates aggressively enough to curb German price pressures because that would hurt the weaker euro-zone economies.
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