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Pastimes : Ask Mohan about the Market

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To: Link Lady who wrote (16478)	9/20/1998 6:38:00 PM
From: Link Lady	Read Replies (1) of 18056

WALL ST WEEK AHEAD/Matinee Monday, then back to business canoe.com Few surprises are expected to emerge from the tape, as much of what Clinton discussed in his testimony is already widely known. Even so, the tape, whatever its contents, will almost certainly put politics front and center of the market's psychology at the start of the week. But if politics has played a lead hand in markets in the recent past, business and economic trends remain the primary driver over the longer-term and the week may produce some potentially significant developments on those fronts as well. The first will come on Tuesday, when Japanese Prime Minister Keizo Obuchi is scheduled to visit the United States and meet with Clinton, bringing with him details of an agreement to stabilize Japan's banks. Analysts and central bank officials have stressed a credible plan would provide a critical first step to righting Japan's economy and, by extension, those of Southeast Asia, where the crisis that has devastated emerging markets first erupted.

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