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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Robert V. Cavaleri who wrote (5478)	1/6/1999 1:34:00 AM
From: Tim Luke	Read Replies (2) of 90042

Wednesday January 6, 1:14 am Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) Tokyo stocks snap New Year's skid as yen steadies By Andrew Morse TOKYO, Jan 6 (Reuters) - Tokyo stocks posted their first gain of 1999 on Wednesday as the yen levelled after touching a 27-month high and New York shares rose overnight. Stability in the bond market, which has fallen so dramatically over the last three months that interest rates have nearly tripled, also helped stocks. Traders remained cautious, however, on the market's longer-term prospects amid concern that the yen and interest rates could resume their recent rises. The benchmark Nikkei average rose 235.72 points, or 1.78 percent, to 13,468.46. March futures rose 310 to 13,500.

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