European News Headlines:

Europe Industrial Production Falls for Second Time in 3 Months

Fed beggar they neighbor policy robbing some demand.

European Bonds Gain on Speculation ECB Won’t Lift Interest Rate

inflation on the rise

Bonello Says Inflation May Slow to 2% by End of Year

He also says this will happen if oil and other prices come down ‘as expected’- must be looking at futures prices.

Italian Industrial Output Falls for Third Month in November
Norway Expects to Drill 35 to 40 Oil-Exploration Wells in 2008

High prices may bring out more supply – some day.

Icelandic January Inflation Holds at Highest Since March

same everywhere


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