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


To: bobby beara who wrote (21356)7/28/1999 10:22:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 99985
 
FOCUS-Japan June output data unexpectedly strong

TOKYO, July 29 (Reuters) - Japan on Thursday announced a surprisingly strong jump of three percent in its June industrial output from the previous month, but economists warned that production growth could dip again later in the year.

The three percent preliminary rise compared with an average forecast of a 1.7 percent rise in a Reuters survey of economists this week. The 13 forecasts ranged from rises of 1.2 percent to 2.3 percent.

For the April-June quarter, output was down one percent from the previous quarter.

The figures were especially closely watched by economists since they provide a key clue to the second quarter gross domestic product figures, to be announced in September.

biz.yahoo.com



To: bobby beara who wrote (21356)7/28/1999 10:33:00 PM
From: Haim R. Branisteanu  Respond to of 99985
 
BB, after such a steep fall in the NAZ of close to 250 points for sure there is a rebound of 1/3 of the decline to apx 2700

IMHO we are in the middle of this rebound. Even EBAY hit support as was AMZN and YHOO the question now is if this bounce has any legs.

Japan may disrupt any the hope of the bonds bulls.

BWDIK
Haim