Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (13399)	8/24/2000 8:15:18 AM
From: Lucretius	Read Replies (1) \| Respond to of 436258

quote.bloomberg.com ecb rate hike is comin...

To: pater tenebrarum who wrote (13399)	8/24/2000 9:19:49 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

Hienz, what is the response of the talking heads in Europe about the high rate on inflation there? The Germans reported 0.7% increase since June and 3.3% YoY which is very high by German standards........ or is it buy tech stocks and be happy? bloomberg.com Wiesbaden, Germany, Aug. 24 (Bloomberg) -- German factories increased prices in July at the fastest pace in nine years, passing on to customers rising oil and raw-material costs. The producer-price index, which includes goods ranging from energy to rubber, rose 0.7 percent from June, more than three times the gain predicted by analysts. Prices rose 3.3 percent from July 1999. Both the increase in the month and the year were the biggest since July 1991, government figures showed. The European Central Bank is likely to raise interest rates for a sixth time in a year as it attempts to prevent inflation from accelerating in the 11-nation euro region, analysts said. While many retailers are struggling to raise prices, companies that sell oil- or gas-related goods said they have no choice but to increase the amount they charge. ``Gas stations will need to raise prices by another 5 to 7 pfennigs (2.3 to 3.2 U.S. cents) per liter to cover their costs,'' said Uwe Franke, head of BP Amoco Plc's German unit, which operates 950 gas stations. Haim