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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (19472)	7/6/1999 9:13:00 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Haim, i'll get you the euro prices of oil later - that will require some digging. but the rise in the price of crude combined with the decline in the euro will no doubt have an impact on european trade balances as well as the inflation rate(however, with regards to inflation, the weakness of the european core economies suggests that the impact will be muted; up until recently there were signs of incipient deflation in Germany). note that all european countries with the exception of Britain and Norway need to import almost all of the crude oil they use. regards, hb