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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (27117)	6/21/1999 6:55:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Look at the charts of VRTY LU and MU... I think they look good...

To: IQBAL LATIF who wrote (27117)	6/21/1999 7:00:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Eurostocks advance by midday on rate policy relief By Brian Spoors LONDON, June 18 (Reuters) - European stock markets advanced strongly by midsession on Friday as buyers responded with relief to strong hints that U.S. interest rates would rise only modestly in the medium term. The Euro STOXX 50 index of euro zone blue chips, France's CAC-40 blue chip index (^FCHI - news), and Finland's HEX share index (^HEX - news) all hit lifetime highs. Gains were shared across the board but conspicuous advances were made by banking and financial shares which had recently underperformed below the cloud of U.S. rate policy doubts. ''Short term it is a positive as there is a certain amount of visibility whereas before the market did not know what to expect,'' said David Thwaites, European equity strategist at BNP. The Euro STOXX 50 index was up 1.14 percent at 3850 points after hitting a new high at 3847.09. The broad market Eurotop 300 index gained 1.24 percent. As well as the financials, growth stocks like pharmaceuticals, technology and telecoms were among the leading advancers. But analysts said investors may become cautious later in the day as triple-witching approaches in Frankfurt and on Wall Street. Triple-witching is the expiry of futures and options on stock indexes and on individual stocks. ''We have had a good morning, but thinking will now be about triple witching and how that affects the States,'' said Thwaites.