Democratic Underground - Europe hit by high oil prices and falling dollar (early afternoon)

Reply #33: Europe hit by high oil prices and falling dollar (early afternoon) [View All]

Ghost Dog

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Mon Jun-05-06 09:00 AM
Response to Reply #32

33. Europe hit by high oil prices and falling dollar (early afternoon)

http://news.ft.com/cms/s/1105df0c-f45f-11da-86f6-0000779e2340.html
Published: June 5 2006 07:47 | Last updated: June 5 2006 14:44

European equity markets fell on Monday as crude prices rose above $73 a barrel, re-igniting fears that high raw materials costs could lift inflation, while stifling earnings growth.

By mid afternoon, the FTSE Eurofirst 300 had recovered some lost ground, but remained 0.3 per cent lower at 1,308.77. Frankfurt’s Xetra Dax fell 0.9 per cent to 5,638.94, while the CAC 40 in Paris lost 0.5 per cent to 4,936.86.

London’s FTSE 100 was propped up by rising mining and oil stocks as commodity prices advanced. It was 0.2 per cent higher at 5,773.3.

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Reply #33: Europe hit by high oil prices and falling dollar (early afternoon) [View All]