Investment-blog.net: Stocks, Emerging markets, Bonds, Currencies and Commodities

Euro tumbles on growing German gloom
By William L. Watts, MarketWatch
Last Update: 8/26/2008 6:48:00 AM
LONDON (MarketWatch) — Further signs of trouble for the once-resilient German
economy Tuesday sent the euro down to again test levels not seen since February.
The Munich-based Ifo Institute’s closely-followed business sentiment index
tumbled much more sharply than expected in August, falling to a three-year [...]

Reported consumer inflation continued to surge on both a monthly and annual basis,
once again topping consensus expectations. The July CPI-U jumped to a 17-year high of
5.6% in July, while annual inflation for the narrower CPI-W — targeted at the wageearners
category where gasoline takes a bigger proportionate bite out of spending —
annual inflation jumped to 6.2%. [...]