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Strategies & Market Trends : Sharck Soup

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To: Sharck who wrote (518)	9/4/2000 8:10:45 PM
From: Sharck	Read Replies (1) of 37746

Mentioned earlier London up let by the telcoms: Eurostocks Strong As Telecoms Lead By Huw Jones Sep 4 7:31am ET LONDON (Reuters) - The Eurotop 300 index rose to lifetime highs for the second straight session Monday as the recovery in telecoms continued, backed by firm techs, but media was a laggard in the otherwise feisty TMT group. The strong advance came despite Wall Street being closed on Monday in observance of Labor Day holiday. Investors were still taking money out of defensives like food and beverage, and healthcare to boost their telecom holdings after the latter's recent battering to nine-month lows. Deutsche Telekom was the top blue chip gainer, up 5.5 percent as telecoms dominated the large cap advancers columns. Dutch operator KPN was up 4.5 percent, France Telecom rose four percent, Telefonica was up 2.7 percent, and Telecom Italia rose 2.45 percent.

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