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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 231.83

+1.7%

Jan 16 9:30 AM EST

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To: tejek who wrote (52001)	8/23/2001 7:05:30 AM
From: andreas_wonisch	Read Replies (1) of 275872

Ted, Re: What's the current status with EU and rate cuts? Sorry for the late answer but I've been out of town yesterday. Well, our economy is still slowing down and it will probably grow only 1% this year, according to the latest estimates. Gerhard Schröder (our chancellor) will almost certainly miss his goal of reducing unemployment to 3.5 million by 2002 (right now it's at 3.8 million). Concerning rate cuts: The ECB still thinks inflation is a risk, so they haven't eased at all during the course of this year (except one minor 25 base point cut around two months ago). In the first part of the year the rice in prices has been very high in Europe and Germany (>3%) but it got better after the oil prices started falling. So I guess there's room for a rate cut soon. Andreas

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