European Economies: German, French Confidence Rose
Thursday, October 26, 2006
Today in Bloomberg:
Business confidence in Germany and France unexpectedly rose in October as lower oil prices and exports to Asia brightened the outlook for economic growth in Europe. Stocks rose to the highest in five years and bonds fell.
By European standards, it is almost a boom, and it looks set to continue for the time being,'' said Holger Schmieding, chief European economist at Bank of America Corp. in London. The Ifo report ``bolsters hopes that the German VAT hike in January will not derail the euro-zone upswing.
Read the rest here.
posted by IntoBlogs @ 12:21 AM,
