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

To: Steve Fancy who wrote (8349)	9/21/1998 1:11:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Brazil seen losing more dollars Monday Reuters, Monday, September 21, 1998 at 12:38 Forex dealers attributed the capital flight to a steep decline in local stock prices early on Monday. The Sao Paulo stock exchange's key Bovespa index (INDEX:$BVSP.X) plunged more than 7 percent in early trade, tracking falls posted in European and Asian stock markets. The increase in outflows was worrying, especially after dollar flight had dropped to a total $207 million on Thursday following three privatization auctions, dealers said. Until then, some $1.5 billion on average had been fleeing markets every day. Copyright 1998, Reuters News Service