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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: JEFF CHAPMAN who wrote (14198)	11/13/1997 8:11:00 PM
From: Narotham Reddy	Read Replies (1) \| Respond to of 50167

Will this news effect the markets tommorrow ? Japanesh banks' downgrade adds to Asian gloom Nov 13, 5:00 PM EST London(Reuter): A further blow was dealt to unsettled Asian markets when a rating agency downgraded three leading Japanese banks on Thursday, and said more cuts may be yet to come. While some Asian stock markets have regained groups, analystst said there are still concerns that the recent crisis has not been fully played out. "Dollar/Yen has gone bid since the rating news" said Sean Shepley, international economist at Credit Suisses First Boston. "It is an indication the problems are still continuing". Dlr/Yen stalled at 126, after rising on the back of the downgrades. International rating agency IBCA cut the short-term, long term and individual ratings for both Fuji and Industrial Bank of Japan from A1+ to A1, from AA minus to A Plus and from C to C/D. The IBCA said that drops in the markets were affecting the banks' investment equities. It estimated that with the Nikkei 225 index at 16,000, six Japanese banks had lost their hidden reserves.

To: JEFF CHAPMAN who wrote (14198)	11/13/1997 9:29:00 PM
From: Burjis S.	Respond to of 50167

Jeff.....HONG KONG, Nov 14 (Reuters) - Hong Kong stocks were sharply higher on Friday with the Hang Seng Index surging 173.29 points, or 1.78 percent, to 9,894.07 at opening following the higher overnight close of Wall Street. Hopefully this should start to calm things down a bit. Best wishes Burjis

To: JEFF CHAPMAN who wrote (14198)	11/13/1997 9:36:00 PM
From: Roger Smith	Read Replies (1) \| Respond to of 50167

It seems that the cme.com site does not update NASDAQ futures frequently It shows the last trade and that could be very misleading.

To: JEFF CHAPMAN who wrote (14198)	11/14/1997 2:42:00 AM
From: IQBAL LATIF	Respond to of 50167

Jeff- World markets and Aseans are kind of ignoring Japanese problems as less significant then last week- the package is now coming on 18th however Japanese would need to mend their house properly and open up their well protected economy- making money and blind saving equivalent to under the mattress saving if you have moniscule returns like Japanese had will result in a weak economy- demand growth and 'living standard' improvement is as as important as saving level - US model frowned by many has shown this to us.