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

To: Rarebird who wrote (42819)	3/13/2000 1:16:00 AM
From: Tunica Albuginea	Respond to of 99985

Rarebird, Japan, Asia, Taiwan tanking. Bad week predicted ahead in USA: cbs.marketwatch.com Japan slips back into aÿÿ recession ÿÿÿÿÿÿÿÿÿÿÿÿÿ TOKYO (CBS.MW) -- Japan said Monday its economy ÿÿÿÿÿÿÿÿÿÿÿÿÿ shrank for the second quarter in a row, with output ÿÿÿÿÿÿÿÿÿÿÿÿÿ decreasing 1.4 percent during the last three months of ÿÿÿÿÿÿÿÿÿÿÿÿÿ 1999 in a contraction that marks what economists ÿÿÿÿÿÿÿÿÿÿÿÿÿ generally define as a recession Taiwan stocks plunge ahead of elections ÿÿÿÿÿÿÿÿÿÿÿÿÿ TOKYO (CBS.MW) -- Asian markets fell across the ÿÿÿÿÿÿÿÿÿÿÿÿÿ board, with Taiwan stocks tumbling in their biggest ÿÿÿÿÿÿÿÿÿÿÿÿÿ decline in 8 months amid tensions running up to the ÿÿÿÿÿÿÿÿÿÿÿÿÿ nation's presidential elections. Tokyo's Nikkei Average ÿÿÿÿÿÿÿÿÿÿÿÿÿ surrendered 1.5 percent as Japan's economic picture ÿÿÿÿÿÿÿÿÿÿÿÿÿ clouded. At the forefront of the Taiwan sell-off,6%+, the ÿÿÿÿÿÿÿÿÿÿÿÿÿ market has been beset by political concerns, with China ÿÿÿÿÿÿÿÿÿÿÿÿÿ relations looming over the countdown to next weekend's ÿÿÿÿÿÿÿÿÿÿÿÿÿ presidential elections. Some investors are hedging in ÿÿÿÿÿÿÿÿÿÿÿÿÿ case the ruling Nationalist party is defeated. Higher oil prices to show up in data ÿÿÿÿÿÿÿÿÿÿÿÿÿ WASHINGTON (CBS.MW) -- If you want to know why ÿÿÿÿÿÿÿÿÿÿÿÿÿ the Fed is so worried about strong economic growth and ÿÿÿÿÿÿÿÿÿÿÿÿÿ creeping inflation, just watch the economic data this ÿÿÿÿÿÿÿÿÿÿÿÿÿ coming week. With oil prices up nearly ÿÿÿÿÿÿÿÿÿÿÿÿÿ threefold, many companies are looking for ways to pass ÿÿÿÿÿÿÿÿÿÿÿÿÿ on higher costs to their customers. ÿÿÿÿÿÿÿÿÿÿÿÿ cbs.marketwatch.com ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿHigher oil prices to show up in CPI Risk would come from a big jump in coreÿ inflation ÿÿÿÿÿÿÿÿÿÿÿÿ "It'll be a hard week for financialÿ markets," said Diane Swonk, chief ÿÿÿÿÿÿÿÿÿÿÿÿÿÿ economist at Bank One.ÿ ÿÿÿÿÿÿÿ "People are bracing for the bad news." ÿÿÿÿÿÿÿÿÿÿÿÿÿÿ "If there's a news maker, it'll be the surprise that the ÿÿÿÿÿÿÿÿÿÿÿÿÿ core CPI is finally doing some damage," Orr said. ÿÿÿÿÿÿÿÿÿÿÿÿÿÿ "And we could get higher than that," Swonk warned. ÿÿÿÿÿÿÿÿÿÿÿÿÿ The core rates, which exclude food and energy prices, ÿÿÿÿÿÿÿÿÿÿÿÿÿ will be much tamer, at 0.2 percent for the CPI and 0.3 ÿÿÿÿÿÿÿÿÿÿÿÿÿ percent for the PPI, the MarketWatch consensus says. ÿÿÿÿÿÿÿÿÿÿÿÿÿ The risk is on the upside. Core inflation is almost ÿÿÿÿÿÿÿÿÿÿÿÿÿ impossible to forecast, said First Union's Orr. "There ÿÿÿÿÿÿÿÿÿÿÿÿÿ are a lot of things that can muck up these numbers," ÿÿÿÿÿÿÿÿÿÿÿÿÿ Swonk said. For one thing, the PPI will be higher in ÿÿÿÿÿÿÿÿÿÿÿÿÿ February in part because tobacco prices won't fall again ÿÿÿÿÿÿÿÿÿÿÿÿÿ as they did in January, when they helped push the core ÿÿÿÿÿÿÿÿÿÿÿÿÿ rate down by 0.2 percent. cbs.marketwatch.com ÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿ "Dow stocks won't have a sustained rally until people ÿÿÿÿÿÿÿÿÿÿÿÿÿ get hurt on the Nasdaq," Boockvar remarked.