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To: K. M. Strickler who wrote (51798)	7/17/1998 8:07:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

Key events to watch, and why, on Jly 17 Ken: some light reading for Friday. [source:Bridge/NBR] --------------------------------------------------------------------- Updated Fri Jul 17 06:30 ET Good Morning from Bridge News AGENDA: --US Deputy Treasury Secretary Lawrence Summers attends a symposium Friday sponsored by Harvard Law School in Chatham, Mass.; Time to be announced --0430 ET: US Treasury Secretary Robert Rubin addresses the School of Monetary Studies in Nairobi, Kenya --0830 ET: May trade in goods and services (Apr: deficit widens to $14.5 bln, goods trade deficit widens to $21.5 bln; Forecast: deficit of $14.2 bln, goods deficit of $21.8 bln) --0900 ET: US Treasury Secretary Robert Rubin holds a press conference in conjunction with the East African Cooperation Ministerial Meeting in Nairobi, Kenya --1000 ET: University of Michigan preliminary reading on July consumer sentiment (June: 105.6) --1030 ET: Fed Gov. Edward Gramlich testifies to the Senate Banking Committee hearing on reforms to US mortgage lending procedures proposed by the Federal Reserve and the Housing and Urban Development --1200 ET: Romanian President Emil Constantinescu speaks at the American Chamber of Commerce in Washington, D.C. --1615 ET: Commercial/industrial loans for week ended Jly 8 (week ended Jly 1: $896.7 bln, +$5.4 bln) WHAT TO WATCH FOR: Trade will set the tone early in the day for forex and thus for Treasuries, while stocks will take their cue from earnings. It looks like it could be a good day for US markets, especially if the trade gap shrinks, as expected, and earnings keep surprising on the upside. Trade will probably wrap up early for the day, as is typical for a Friday in the middle of summer.