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To: Morgan Drake who wrote (33527)	6/28/1999 11:13:00 PM
From: marginmike	Respond to of 152472

I think this is fairly bullish for bonds and stocks for teusday Nikkei rise trimmed by midday on May output data TOKYO, June 29 (Reuters) - Tokyo stocks trimmed early gains to end Tuesday morning only slightly higher as relief over an overnight rally in New York was chilled by an unexpected fall in Japan's industrial output data for May, traders said. The Nikkei 225 average was up 38.73 points or 0.22 percent at 17,649.31. Nikkei September futures <0#JNI:> stood 30 points lower at 17,640. ''The worse-than-expected figures (for industrial output) cooled recent optimism about Japan's economy,'' said Masaaki Higashida, deputy general manager at Nomura Securities Co Ltd. (Note: this article is ''in progress''; there will likely be an update soon.) How Greenspan can justify raising rates is beyond comprehension.