Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.090

+3.8%

Nov 14 9:30 AM EST

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To: Steve Fancy who wrote (6933)	8/21/1998 8:00:00 AM
From: RockyBalboa	Read Replies (1) of 22640

Markets at 7:31 ET European Markets dive started slow in the morning but turned into a selloff climax at midday. Dax lost 240 so far down at 5248 which is the 2nd biggest decline ever. FTSE off 2,4% so far CAC-40 off 2,8% The Russian Traded Index lost another 9,5%. The declines in Europa are mostly adressed to fears about Russia and Latin America. The leading decliners are bank stocks amid fears of losses contributed by weakeening rouble and closing of russian commercial banks. Debt: Bradies are off another point, Russian and other eastern debt hit by 6-10 Points again. The bullish sentiment on german debt is rolling on, taking the german 10-yr BUND to 112.95 (+0.95) to yield 4,2%. The BUND Future has risen 360 points since end of July so far. Christian

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