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

To: Benkea who wrote (24714)	9/3/1999 8:40:00 AM
From: Jurgen	Respond to of 99985

08:33 ET Futures Rally : Report of weaker than expected August job growth sparks rally in S&P futures. Contract surges 17 points from pre-report levels. Current level would put Dow at about plus 135 at the open. 08:34 ET Employment Report : August nonfarm payrolls rose a much weaker than expected 124K, while hourly earnings were also weaker than expected at 0.2%, bringing the year on year total to 3.5%. Both of these numbers will be extremely bullish for both stocks and bond going forward, helping to diminish some of the tightening expectations that have made their way back into the market over the last week or so. Also of interest, the unemployment rate fell to 4.2% from 4.3% last month.