Sunday, 18 October 2009
On the European front
On the European front, rising inflation and improved figures for the business - the climate attracted further attention of traders, given the possibility of tighter monetary policy in September. After inflation jumped to 2.5% in May from 2.0% in April, the estimates for June converge at 2.4%, suggesting that the trend of price increases may last longer than expected. In the June decision by the policies of the European Central Bank hinted that price pressures may not only occur in the medium term, but could also continue in the longer term, being much above the level of 2.0% as oil prices remain high and the strength of global economic dynamism can continue to put pressure on prices of goods, including the price of oil.