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Technology Stocks : Bookham Technology -- Ignore unavailable to you. Want to Upgrade?

To: Keith Fauci who wrote (58)	4/18/2000 2:52:00 AM
From: ms.smartest.person	Respond to of 376

Looking good for BHM in UK -- FTSE set to rebound by 1.5 pct after Wall St rally LONDON, April 18 (Reuters) - The FTSE 100 looked set to retrieve half of Monday's three percent loss on Tuesday after U.S. equities built on gains seen at the London close, featuring a record points rise for the Nasdaq. Financial bookmakers IG Index and Financial Spreads forecast the opening advance at around 110 points. Dealers are expecting business to remain volatile. Market anxiety stays centred on interest-rate risk and on the profile of a welter of first quarter results from major U.S. companies due this week. The trigger for the markets' latest bout of hysteria was Friday's news that core U.S. inflation rose 0.4 percent. But strategists argued that this was only one month's data that made little difference to the longer-term outlook, while in Europe the underlying economic oulook was anyway less worrisome. Today brings inflation figures from the UK. Retail inflation figures for March are due out at 0830 GMT and, with the headline rate seen rising 0.4 percent on the month but the annual rate for underlying RPIX dipping below two percent to 1.9 percent. Strategists said Wednesday's UK labour market data would be more closely watched, with the predicted 6.1 percent rise in average earnings seen as a bigger challenge to the UK's inflation target. At 1515 GMT members of the Bank of England's Monetary Policy Committee give evidence to a House of Lords select committee. Also in the dock, the heads of Britain's three largest banks -- Barclays , Lloyds TSB and HSBC -- face a parliamentary Treasury Select Committee at 0945 GMT after severe criticism recently for overcharging customers. A strong rebound for the Hang Seng helped FTSE-heavyweight HSBC <0005.HK> up two percent in Hong Kong. . finet.com.hk