Dollar slides against euro as German business confidence rises (AFP)
AFP - The dollar fell against the euro, primarily as the European currency benefitted from robust German business confidence figures, traders said.
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FTSE shares climb further (AFP)
2008.08.1512 minutes ago
LONDON (AFP) - London shares extended gains on Friday after an overnight rally on Wall Street.
In late morning trading, the FTSE 100 index of top companies stood at 5,513.30 points, a gain of 0.29 percent.
World oil prices meanwhile fell further on Friday, sliding below 113 dollars a barrel in London, on the prospect of reduced energy demand because Europe's main economies are shrinking, dealers said.
Stock market traders were awaiting the publication on Friday of key economic data in the United States, comprising the University Of Michigan consumer confidence survey and the latest reading on industrial production.
US share prices had closed higher on Thursday as investors showed a fresh appetite for battered financial stocks and as retail titan Wal-Mart announced a big jump in quarterly profits, dealers said.
Investors embarked on a shopping spree despite disappointing economic reports that showed inflationary pressures continuing to buffet consumers and a rising trend in claims for unemployment benefits.
Regions : Europe
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EU compromises on airlines in carbon-trading scheme (AFP)
AFP - The European Commission has agreed to a compromise proposal over its plans to include the aviation industry in its carbon-trading scheme, the Financial Times reported.
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EU chides ECB critics, urges responsibility (AFP)
AFP - Using the euro or Europe in national political debates is "not very responsible and at times even dangerous," EU Economic and Monetary Affairs Commissioner Joaquin Almunia warned in an interview.
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European stocks untie after Asian, US losses (AFP)
AFP - Europe's main stock markets slid in early trading, as Asian stocks plunged amid the worst-ever drop in Bangkok and following losses by Wall Street overnight.
AFP - Europe's main stock markets slid in early trading, as Asian stocks plunged amid the worst-ever drop in Bangkok and following losses by Wall Street overnight.
British economy powers ahead in third quarter (AFP)
AFP - Britain's economy grew at its fastest annual pace for two years in the third quarter of 2006, official data showed, increasing expectations of another British rate hike soon, analysts said.
AFP - Britain's economy grew at its fastest annual pace for two years in the third quarter of 2006, official data showed, increasing expectations of another British rate hike soon, analysts said.
