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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (19934)	7/12/1999 12:45:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Bobby, Argentina gripped by financial panic - MERVAL is getting clobbered. regards, hb

To: bobby beara who wrote (19934)	7/12/1999 12:55:00 PM
From: pater tenebrarum	Respond to of 99985

Bobby, i guess Latin American money is fleeing into U.S. treasury bonds in the wake of the Argentine crisis - that would explain some of the strength in the bond. regards, hb

To: bobby beara who wrote (19934)	7/12/1999 1:21:00 PM
From: Haim R. Branisteanu	Respond to of 99985

RESEARCH ALERT-Deutsche cuts FTSE 100 forecast Monday July 12, 12:55 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) LONDON, July 12 (Reuters) - Deutsche Bank strategists said on Monday they cut their year-end forecast for Britain's FTSE 100 index to 6,000 from 6,350, reflecting expectations for rising gilt yields. Deutsche strategists Bob Semple and David McBain -- who recently joined the bank's research department with the acquisition of BT Alex Brown -- said global bond yields looked set to rise through coming months, putting untenable strains on equity markets. In the UK, the strong cash position of UK funds was also no longer so positive a factor as it had been in the earlier part of the year, the strategists said. Their new FTSE 100 forecast is some way below current levels, suggesting some downside to come for the UK market. The index was down 13.9 points at 6,548.7 by 1510 GMT. Domestic UK price pressures remain subdued but international pressures are likely to predominate, they argued. ''The world economy is regaining momentum...consequently we expect a further 75 basis point rise in U.S. rates over the next 12 months,'' strategists said. ''This will shift the whole yield curve upwards, finally pulling the plug on the equity bull market.''