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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Rick Faurot who wrote (2173)12/3/1998 8:36:00 PM
From: Rick Faurot   of 90042
 


Nikkei opens lower

Brazilian woes and distressed Dow push Tokyo
stocks lower

S&P futures on Globex

December 3, 1998: 7:57 p.m. ET

Wall St. trips on
Brazil's ills - Dec. 3,
1998

Central banks rescue
bourses - Dec. 3, 1998

World Markets

Tokyo Stock Exchange

Hong Kong Stock
Exchange

Singapore Stock
Exchange

Sydney Stock
Exchange

Bridge News - Asia &
Australia
TOKYO (Reuters) - Tokyo stocks opened lower Friday after
concerns about Brazil's economy pushed New York shares
sharply lower overnight.
Forty minutes after the start of trade, the benchmark Nikkei
average had fallen 81.43 points, or 0.55 percent, to 14,615.65.
News that the lower congressional house in Brazil rejected
a key government initiative, delaying the country's
social-security reform plans until next year, drove international
investors from emerging markets on Thursday and sent U.S.
investors in pursuit of profits.
Even a coordinated rate cut by 11 European central banks
overnight failed to impress traders. The move, necessitated by
the coming euro currency, were expected but came earlier than
many had thought.
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