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

To: Steve Fancy who wrote (641)	1/5/1998 5:46:00 PM
From: Steve Fancy	Respond to of 22640

LatAm shrs seen up in wk, but Asian threat remains By Fatima Cristina RIO DE JANEIRO, Jan 5 (Reuters) - Shares in most Latin American markets are likely to stay in an upbeat mood in the first full week of 1998, but continued turbulence in Asia should prevent prices from climbing much higher, analysts said. biz.yahoo.com

To: Steve Fancy who wrote (641)	1/5/1998 5:50:00 PM
From: Steve Fancy	Respond to of 22640

Brazil to cut $3.7 bln from budget to meet target BRASILIA, Jan 5 (Reuters) - Brazil's federal government budget for 1998 will be cut by 4.1 billion reais ($3.7 billion) to meet a fiscal target set amid fallout from Asia's financial crisis last year, Planning Minister Antonio Kandir said Monday. biz.yahoo.com

To: Steve Fancy who wrote (641)	1/5/1998 6:08:00 PM
From: Steve Fancy	Respond to of 22640

Brazil shrs end up, Banespa boosts volume SAO PAULO, Jan 5 (Reuters) - Brazilian stocks ended firm Monday in healthy volume, swollen by dealings in Sao Paulo state bank Banespa (BES_p.SA), brokers said. The market traded in negative territory mid-session, weighed down by Wall Street, but broke stride with the Dow Jones Industrials at the end, traders said. Among top blue-chips, preferred shares of Telebras (TEL_p.SA) closed up 0.84 percent at 131.60 reais. <snip> Analysts expect the bolsa to rise again Tuesday on optimism that investors will build positions in Brazilian stocks as they start reshuffling their portfolios for the year. biz.yahoo.com