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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Joe Dancy who wrote (4846)	6/26/1998 5:35:00 PM
From: MikeM54321	Read Replies (2) \| Respond to of 9980

Thread, While on the treadmill today, while reading the WSJ, and watching the TV, I wasn't concentrating well. I kept hearing bits and pieces of Ron Insanta (sp?) on CNBC. He mentioned, on more than one occasion, something about some figure coming out of Japan's government on Sunday night at 7:50 PM Eastern Time. I didn't pick it all up, but he said the figure is expected to be around, "50." He said this is a, "simply terrible number," and will make the currency markets move in a, "big way." I believe he also said, "I'm not sure if the yen is going to move up or down, but it's going to be big!" Does anyone know what in the world he was referring to? Thanks, MikeM(From Florida)

To: Joe Dancy who wrote (4846)	6/26/1998 7:28:00 PM
From: Nevin S.	Respond to of 9980

I found this late this afternoon: cbs.marketwatch.com Tech stocks mixed ahead of Tankan report By Binti T. Harvey, CBS MarketWatch ÿÿÿÿÿÿÿÿ <Picture> Index of top news Last Update: 04:52 PM June 26, 1998 NEW YORK (CBS.MW) --ÿTechnology stocks may face a difficult opening Monday following an important quarterly economic report from Japan. On Friday tech shares close mixed as personal computer makers, networking equipment makers and internet stocks rose, while software shares fell. Japan will release the Tankan Survey over the weekend, a quarterly economic report that measures corporate sentiment about the health of the economy. Economists expect disappointing results from the survey, which may pressure Asian markets and create turmoil for the technology group. The Morgan Stanley Technology Index fell 0.2 percent while the broader Pacific Stock Exchange Technology Index rose 0.1 percent, buoyed primarily by big gains in Cisco and Microsoft. Technology indexes gave a mixed performance. The Goldman Sachs Computer Hardware Index rose 0.2 percent, theÿAmex Networking Index 0.6 percent and the Amex Internet Index 0.5 percent. The Computer Software Index declined 1.6 percent while the Philadelphia Semiconductor Index fell 0.8 percent.