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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (485756)	11/3/2003 11:46:01 AM
From: Hope Praytochange	Read Replies (1) \| Respond to of 769670

RECOVERY HOPES BOOST WORLD MARKETS Optimism over a global economic recovery lifted European stocks, boosted the dollar and weakened demand for government bonds on Monday. Japanese markets were closed for a holiday, but most other Asian markets rose. The week will kick off with a report on the manufacturing sector from the Institute of Supply Management, also known as ISM, at 10 a.m. EST. The ISM index is seen rising to 56.0 in October from September's 53.7. The Labor Department's employment report on Friday will grab the spotlight during the week with highly anticipated data on the number of workers on U.S. payrolls outside the farm sector, the unemployment rate and other measures of the state of the job market. Investors want to see if nonfarm payrolls can improve two months in a row after last month's gain of 57,000 jobs, which was the first increase since January. The earnings machine slips into a slower gear after two heavy weeks of reports. But investors will still be sifting through more results, including those from technology bellwether Cisco Systems Inc. (CSCO.O), which are expected on Wednesday. Struggling network computer maker Sun Microsystems Inc. (SUNW.O) said on Monday it sees signs of a rebound in technology spending in the financial services and telecoms sectors, two industries key to the company. Sun is the third-largest maker of powerful computers used to run networks and the Internet after International Business Machines Corp. (IBM.N) and Hewlett-Packard Co. Ltd. (HPQ.N). But it has lost ground to rivals recently, reporting a string of losses and falling revenue for 10 straight quarters. The Semiconductor Industry Association said on Sunday that worldwide semiconductor sales in the third quarter rose 13.7 percent from the prior three months and 17.5 percent from a year ago, driven by strong demand for PCs. Sales in September were $14.4 billion, up 6.5 percent from August, making it the seventh consecutive monthly increase and the strongest percentage gain since 1990, the San Jose, California-based industry group said. On Friday, the Dow Jones industrial average (.DJI) closed up 14.51 points, or 0.15 percent, at 9,801.12. The broader Standard & Poor's 500 Index (.SPX) ended up 3.77 points, or 0.36 percent, at 1,050.71. But the Nasdaq Composite Index (.IXIC) fell 0.48 of a point, or 0.02 percent, to 1,932.21.