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

To: Steve Fancy who wrote (1359)	3/30/1998 5:45:00 PM
From: Steve Fancy	Read Replies (3) \| Respond to of 22640

ALKING POINT-Brazil's Ericsson faces rocky road By James Craig BRASILIA, March 30 (Reuters) - Brazilian telecom equipment maker Ericsson Telecomunicacoes SA (ERI.SA) still faces a hard fight to hold onto its large market share despite receiving a badly needed boost on Monday, analysts said. biz.yahoo.com

To: Steve Fancy who wrote (1359)	3/30/1998 5:51:00 PM
From: Steve Fancy	Respond to of 22640

Huge premium seen as Brazil restarts B Band sales By James Craig SAO PAULO, March 30 (Reuters) - The Brazil government, having overcome frustrating court delays, should reap a huge premium Tuesday when it restarts its B Band privatization process after a seven-month hiatus, analysts said Monday. biz.yahoo.com

To: Steve Fancy who wrote (1359)	3/30/1998 6:01:00 PM
From: Steve Fancy	Respond to of 22640

Monday March 30, 5:36 pm Eastern Time Brazil shrs end off on lack of news, Wall St slide SAO PAULO, March 30 (Reuters) - Brazilian shares ended down on Monday as players took advantage of a lack of market-moving news to scoop up gains while prices tracked declines on Wall Street and other global markets, brokers said. The Sao Paulo bourse's 51-share Bovespa index (.BVSP) slipped 1.26 percent to end at 11,750 points on turover of 556 million reais ($492 million), according to preliminary figures. ''It was just profit-taking. There was no news,'' said a senior trader at local Crefisul brokerage. Brokers said the underlying market sentiment was positive, based on steadily declining interest rates and a hefty inflow of dollars into the country. On Friday, Brazil's foreign exchange markets posted a preliminary net inflow of $2.8 billion and experts are predicting interest rates may drop to 24 percent from 28 percent later this month as the government moves to cut the influx. But the stock market, which has risen steadily for two weeks, sagged Monday under a lack of market-moving news and declines on Wall Street and other overseas markets, brokers said. Leading Latin American stocks, as measured by ING Barings' LatAm index (.LAT), were off 0.53 percent by Monday afternoon. Some traders said Brazilian shares were soft ahead of Tuesday's scheduled opening of bids for a B Band cellular license covering Rio de Janeiro and Espirito Santo states, where Communications Minister Sergio Motta was due to speak. ''There is waiting to hear what Motta has to say tomorrow,'' one trader said. In Sao Paulo, declining issues outpaced risers by 125 to 62 as benchmark Telebras preferred (TEL_p.SA) led Brazilian blue chips broadly lower. The share fell 1.47 percent to end at 147 reais while fellow leading share, power holding Eletrobras preferred B (ELE_pb.SA), dropped 2.26 percent to 56.20 reais. Mining giant Cia vale do Rio Doce preferred (VAL_p.SA) ended off 1.11 percent at 26.70 reais while state oil company Petrobras preferred (PET_p.SA) closed down 2.92 percent at 266 reais. Traders said the market closed without a clear trend for Tuesday.