Market Report. August 12, 2002, Osterhorn
Courtesy of Friedrich Sturm GmbH & Co. KG
What happened this week: Despite the holiday season activity is not completely slowing down. General economical news are more disappointing every day and concerns about consumers reactions in the western world are rising. At present many officials are still trying to display optimism, but the private consumer is an unpredictable breed. Consequently depends more and more on the emerging markets where private consumption seems to be by far more stable as long as the financial stability of their economies is guaranteed.