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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Dealer who wrote (11071)11/2/2000 8:03:54 AM
From: Dealer  Respond to of 65232
 
<font color=blue>MARKET SNAPSHOT--8:00 AM--Markets look to positive start

Intel climbs, productivity data on tap

By Julie Rannazzisi, CBS.MarketWatch.com
Last Update: 8:00 AM ET Nov 2, 2000

NEW YORK (CBS.MW) - The market is girding for a positive open Thursday with Intel's affirmation that its revenue is on track in the fourth quarter to help technology issues.

December S&P 500 futures added 5.50 points, or 0.4 percent, and were trading roughly 6.10 points above fair value, according to HL camp & Co. Nasdaq futures gained 28.50 points, or 0.9 percent.

In the Treasury arena, prices edged higher, with the 10-year Treasury note up 3/32 gain to yield ($TNX) 5.735 percent while the 30-year government bond added 1/32 to yield ($TYX) 5.78 percent.

Thursday will see the release of third-quarter productivity, seen rising by 2.9 percent. Also out is the weekly jobless claims number. View Economic Preview, economic calendar and forecasts and historical economic data.

In the currency market, the euro continued its ascent, remaining at its highest level since mid-October. As expected, the European Central Bank's left short-term rates unchanged at its policy-setting meeting.