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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (21173)	7/27/2000 12:48:43 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil stocks seen lower again in thin volume Reuters, 07/27/2000 12:38 SAO PAULO, July 27 (Reuters) - Brazilian stocks should open trading sideways on Thursday and may fall during the day on a weak turnover if main U.S. indices continue to slide, traders said. "U.S. jobless data this morning brought no good surprises. The market here and abroad should slip," said Renato Vercesi, a senior trader with BBA/Icatu brokerage. "We see another weak day with low volumes, with profit-taking in some sectors such as telecoms. On Wednesday, Brazil's benchmark Bovespa stock index closed a tiny 0.4 percent higher in thin trade after a partial recovery in the U.S. Nasdaq index. Tech-laden Nasdaq closed 1 percent off after recovering from much bigger losses. * Traders said the telecoms sector, which is most vulnerable to Nasdaq losses, could post bigger losses than other stocks, continuing Wednesday's trend. * Banking stocks should stay in the focus after Wednesday's gains there, traders said. * Brazil's biggest private bank Bradesco (SAO:BBDC4) was key among the index' 37 gainers as traders bet its first half results would be strong. The No. 2 bank Itau (SAO:ITAU4) also rose on the favorable expectations for the sector. * The Bovespa is up 2.3 percent in July, but is only a paltry 29.3 points higher on the year --------------------------------------------------------------- BOVESPA STOCK INDEX (INDEX:$BVSP.X) BOVESPA INDEX COMPONENTS BRAZILIAN ADR PRICES SPOT REAL QUOTES BRAZILIAN BRADY BOND PRICES <0#BRADY> BRAZILIAN C-BOND PRICES BRAZILIAN DAILY FOREX RESERVES BRAZILIAN INTEREST RATES INTEREST RATE FUTURES ECONOMIC STATISTICS REUTERS BRAZIL MENU REUTERS BRAZIL TIPS -------------------------------------------------------------- Brazil Debt News [BR-D] Brazil Equity News [BR-E] Brazil Press Digest [PRESS/BR] Copyright 2000, Reuters News Service