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Market Update : 
European Markets Rally, Inflation on the Rise
Author: 123jump.com Staff
123jump.com
Last Update: 6:30 PM EDT April 16 2008

Inflation in member European Union states increaed at annaulized rate of 3.6% in March. Energy, education services and food prices contributed to the rise. Latvia and Bulgaria led the region in inflation surge. On the news, euro gained against the dollar and pound. Better than expected earnings from Intel and positive outlook from JP Morgan lifted financial stocks. Crude oil reached another high and gold and copper gained.

 

 

 
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