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8/16/08

IHT:EU Economy - Lower Euro improves foreign exports for Europe as Consumer goods firms and exporters lead rally in European stock

For the complete report from the International Herald Tribune click on this link

EU-Economy: Lower Euro improves foreign exports for Europe as Consumer goods firms and exporters lead rally in European stocks

European stocks rose Friday, led by consumer-goods companies, as falling commodity prices eased concern that inflation would force central banks to lift interest rates. Carrefour, Ryanair Holdings and Royal Bank of Scotland climbed after prices for oil, gold, copper and corn declined. European Aeronautic Defense & Space Company rallied 5.3 percent as the euro slipped to the lowest since February against the dollar, boosting the value of its overseas sales.

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