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To: GST who wrote (74159)	8/16/1999 9:16:00 PM
From: Glenn D. Rudolph	Respond to of 164684

World Markets: Tokyo Stocks Open Lower; Dollar Advances Against Yen AUG 16,1999 NEW YORK -(Dow Jones)- Tokyo stocks opened modestly lower Tuesday morning. Traders said they expect share prices to be firm for the rest of the day, supported by an overnight rise on Wall Street. After 30 minutes of trading, the Nikkei 225 index was off 43.61 points, or 0.24%, at 17782.42. The dollar was quoted at 114.73 yen, a bit higher than 114.65 yen late Monday in New York. The euro was quoted at $1.0555, down from $1.0578 in New York. Shares in Europe finished mixed Monday in trading thinned by the summer vacation season. Latin American markets closed mostly lower. London's FT-SE 100 index closed down 9.7 points, or 0.2%, at 6235.4 after Friday's 1.5% climb. Shares rose initially, but the move didn't last long and the leading index was left to nurse a modest deficit amid very thin volumes. Frankfurt's Xetra DAX index of 30 blue chips rose 37.67 points, or 0.7%, to close at 5257.10, adding to Friday's 1.8% gain. The CAC-40 index in Paris added 24.47 points, or 0.6%, to end at 4458.75 following Friday's 1.6% gain. Among other European markets: Zurich's Swiss Market index rose 54.5 points, or 0.8%; Milan's MIBtel index rose 95 points, or 0.4%; Amsterdam's AEX index gained 1.99 points, or 0.4%; and Stockholm's Swedish General index added 17.74 points, or 0.5%, but Madrid's IBEX-35 index lost 87.20 points, or 0.9%. The Dow Jones Stoxx Index of 592 European companies rose 1.18 points, or 0.4%, to close at 305.78. The Dow Jones Euro Stoxx Index, which tracks 297 companies in countries that joined the single currency, closed up 1.27 points at 319.02. Russian shares closed moderately higher with volume failing to pick up even after the State Duma approved President Boris Yeltsin's prime ministerial nominee, Vladimir Putin. In Moscow, the benchmark Russian Trading System Index rose 1.16 points, or 1.1%, to 104.27, after falling 1.7% Friday. In Latin America, Mexico City's IPC index fell 68.56 points, or 1.3%, to end at 5300.46 after climbing 2.9% Friday. Investors locked in profits on one of the slowest days of trading this year. In Brazil, the Sao Paulo Stock Exchange's Bovespa index lost 62.33 points, or 0.6%, to close at 10118.57 after Friday's 1.3% climb. Investors remain cautious ahead of a possible U.S. interest rate hike next week, traders said. The Argentine market was closed Monday for a holiday. On Friday, the Merval index rose 6.27 points, or 1.3%, to close at 478.82. Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved. Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved.