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To: Lee who wrote (31409)	5/11/2000 9:30:00 AM
From: IQBAL LATIF	Respond to of 50167

Retail sale data was expected to be much stronger. US data just out indicates that Retail Sales down 0.2% , the biggest drop since July 1998, thus soothing the market's fears about interest rate rises. The Commerce Dept. said retail sales for April fell 0.2 percent, the first decline in 20 months. The concensus estimate was for a gain of 0.4 percent. If PPI is in line we will see that test of 1384 area would be in hindsight considered as bottom test,.. fwiw..

To: Lee who wrote (31409)	5/12/2000 8:34:00 AM
From: Lee	Read Replies (3) \| Respond to of 50167

Economic Data for Friday, May 12, 2000 PPI for April = -0.3% Core rate = +0.1% stats.bls.gov The Producer Price Index for Finished Goods declined 0.3 percent in April, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This decrease followed increases of 1.0 percent in February and March. The index for finished goods other than foods and energy rose 0.1 percent, the same as a month ago. Prices received by producers of intermediate goods fell 0.1 percent, after posting a 0.9-percent gain in the prior month. The crude goods index turned down 2.5 percent, following a 1.8-percent advance a month earlier. (See tableA.)