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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.570-4.5%Dec 26 9:30 AM EST

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To: md1derful who wrote (9088)10/21/1998 3:08:00 PM
From: Steve Fancy  Read Replies (2) of 22640
 
Local stock markets have reached crossroad, investors say

Although Brazilian equity markets carry on trading positively, it has not completely
abandon the overall sentiment that businesses have reached a crossroad. On one
hand, investors claim that the development of negotiations on a financial package to
be agreed between the International Monetary Fund and the Brazilian government --
see the joint communiqué of the Brazilian Authorities and the IMF Management --
might continue motivating an improvement in stock prices. On the other hand, they
fear that the package may take too long to arrive or that it does not meet investors'
needs, which could end up disappointing market participants.

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