Inflationary pressures mounting

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The Nordic markets were the best performing markets in Europe, according to the SalomonSmithBarney Br...

The Nordic markets were the best performing markets in Europe, according to the SalomonSmithBarney Broad Market Index (BMI) Europe. Finland was the highest country performer with a monthly increase of 27.15%. Sweden was the next highest performer with a monthly increase of 17.96% Italy and Germany also posted good monthly returns of 16.67% and 15.61% respectively. The BMI UK advanced 5.98% in December, led by small caps. Economic activity continued to expand moderately, with few inflationary effects. GDP expanded by an annual rate of 1.9% through the third quarter and unemployment fell to 4...

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