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The U.S. dollar is again the focus of concern in the markets - it's hit record lows against the euro with growing worries about the state of the U.S. economy. Nonetheless European shares rose in early trade as nervous investors took refuge in defensive stocks such as pharmaceuticals. But credit and economic worries remain, dragging down financial and mining stocks. But firms' planning has been dogged by uncertainty over oil prices, which are settling at xxx after reaching a record high just shy of 100 dollars per barrel on Wednesday. . German economic growth rebounded in the third quarter buoyed by domestic demand, but high oil prices and a strong euro put firms on the defensive, and the pace of expansion is slowing. On the year the economy grew by 2.4 percent in the third quarter. One company not letting the surging oil prices keep them down is Air France KLM . The world's biggest airline posted stronger-than expected results, with quarterly profits jumping 28 percent...
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U.S. dollar record low

The U.S. dollar is again the focus of concern in the... (more)
Channel:Mediascrape Category:Business Views:66
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