Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.825

-11.7%

Dec 1 3:59 PM EST

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To: Bob Howarth who wrote (11382)	1/11/1999 10:59:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Stocks down on lack of market-moving news and moratorium Market participants told Agência Estado this morning that the lack of market-moving news, as well as ongoing repercussions on the 90-day moratorium on Federal debts payment declared by Minas Gerais last Wednesday are to weigh heavily on the market's back during today's session. A day of thin volume and little businesses, analysts say, should also be expected. Although rumors last Friday that Brazil's Finance minister was about to be ousted were not confirmed, the market has nothing to celebrate, a dealer said. "The market is in great need of positive news to get it going, and currently, the lack of market-moving news is the same as bad news."

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