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To: Robert Rose who wrote (67582)	7/14/1999 8:45:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Finnish shares to open up on Nokia, trade light HELSINKI, July 14 (Reuters) - Finnish shares will open higher on Wednesday, buoyed by a higher close for Nokia in New York overnight, but turnover will be light ahead of the release of U.S. economic indicators in the afternoon, brokers said. Brokers said overnight results from Motorola <MOT.N>, Intel <INTC.O> and International Paper <IP.N> were generally positive, adding Nokia could take heart from Motorola's healthy digital phone sales while comments from International Paper management showed forestry sector recovery was on track. * HEX general index <.HEX> seen opening between half a percent and one percent higher, Frankfurt +0.2 pct at 0711 GMT. * Turnover expected to be light ahead of U.S. producer price and retail sales data in the afternoon, given lingering fears about inflationary pressure and possible future interest rate hikes. * Nokia <NOK1V.HE> seen opening near the close of its New York ADR <NOK.N> of 91 euros, up from 89.95 euros in Helsinki, but brokers say share's movements tough to call as investors still digesting Motorola results and the company's own second-quarter results are due next week. * Forestries seen boosted by International Paper's comments that all its businesses were improving. UPM-Kymmene <UPM1V.HE> seen with greater upside given Stora Enso's <STERV.HE> strong gains over past few days.