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

To: Thai C. Nguyen who wrote (1777)	4/19/1998 10:37:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Welcome Thai...don't know that anyone can really answer that question. I personally don't feel there is much possible downside from here, but the stock can be affected by a wide range of factors, as we witnessed last week. My best suggestion would be you scan the thread and ask questions...we'll try and answer them. sf

To: Thai C. Nguyen who wrote (1777)	4/19/1998 10:41:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil jobless rate seen peaking at 8 pct Apr/May Reuters, Sunday, April 19, 1998 at 12:22 RIO DE JANEIRO, April 19 (Reuters) - Brazil's unemployment may grow to eight percent in April or May, but should come down as effects of lower interest rates kick in, Labor Minister Edward Amadeo said in an interview published on Saturday. "We should have a peak of unemployment in April and May, and after that the rate should fall," Amadeo told O Globo newspaper. "We are moving toward interest rates at the same level as before the Asian crisis and at some time we are going to see a reversal in the unemployment rates." Brazil's jobless rate rose to 7.42 percent in February, slightly up from 7.25 percent in the previous month, according to National Statistics Institute (IBGE) figures. The figures for March have yet to be released. Interest Rates have fallen steadily since October, when the Central Bank jacked them up to 43 percent to defend the local currency amid Asia's financial crisis. The Central Bank trimmed its prime lending rate to an annualized 23.25 percent from 28 percent Wednesday, bringing rates close to where they were before being doubled last year. Amadeo, a 41-year-old economist and university professor, was appointed Labor Minister earlier this month in a cabinet reshuffle started in mid-March. He told O Globo he was in favor of more flexible labor laws with a possible reduction in the number of working hours and regional minimum wages, rather than one nationwide minimum. Brazil raised its minimum salary by 8.3 percent to 130 reais per month ($114) Thursday in line with market expectations of an increase of six to eight percent. The annual minimum salary is closely watched by analysts as a barometer of President Fernando Henrique Cardoso's commitment to keeping inflation in check. Amadeo said there was no possibility of another near-term adjustment. 2120, tracey.ober@reuters.com)) Copyright 1998, Reuters News Service