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Strategies & Market Trends : JAPAN-Nikkei-Time to go back up? -- Ignore unavailable to you. Want to Upgrade?


To: borb who wrote (2216)1/28/2000 3:51:00 PM
From: Professor Dotcomm  Read Replies (1) | Respond to of 3902
 
Nothing that is unusually dramatic. The GDP was up 5.8% for the quarter thus there are those who now expect a half point interest rate rather than a quarter. (Needless to say, nobody has yet looked at the low inflation numbers). There was also a hugely successful IPO in a company called 724 Solutions an Internet company dealing in wireless palm top solutions for banking and dealing transactions. Issued at $26, it is hovering right now at the $70-$75 level. Major shareholders include the Bank of America, Citibank Bank of Montreal, Sonera and Wells Fargo.