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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (19238)	8/11/1998 3:03:00 AM
From: IQBAL LATIF	Read Replies (1) of 50167

Markets in ASEA are discounting an impending Chinese devaluation- despits of running some impressive trade surpluses as result of cut in imports these countries remain susceptible to a further downturn, the real estate bubble which has seen a 30% decline will need another 20% adjustment. I think we will see next quarter dominated by these news from ASEA and we will also see some swings emerging from these uncertainities. Globex is sharply down but in thin market it is manipulated it will be only reaction of Europe that will determine Us markets direction today.. Russia so far looks bid.

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