« Crude Oil Soars Beyond 140$
Aer Lingus appoints Ryanair executive as new finance chief »

Business, consumer confidence in euro zone fall

LONDON (MarketWatch) — Business and consumer confidence in the 15 countries that use the euro weakened significantly in June as the European Central Bank prepared to raise its key interest rate. According to a European Commission survey published Friday, the overall measure of economic sentiment in the euro zone fell to 94.9 in June from 97.6 in May, having stood at 110.4 in July last year, just before the onset of the credit crunch. Economists had expected the Economic Sentiment Index to fall to 96.0.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

More @ DollarDrops.com:No related content found!

Original post by Forextvblog

This entry was posted on Friday, June 27th, 2008 at 2:03 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply