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Gold/Mining/Energy : Euro Impact on Gold, USD ... -- Ignore unavailable to you. Want to Upgrade?


To: Amelia Carhartt who wrote (81)11/26/1998 11:48:00 AM
From: IngotWeTrust  Read Replies (1) | Respond to of 289
 
Always fascinating to watch dumped upon become dumpees. Love the YEOWL



To: Amelia Carhartt who wrote (81)11/27/1998 9:23:00 PM
From: banco$  Respond to of 289
 
Americans* will likely experience a degree of currency shock in the near future, similar to the recent drop in USD vs. JPY, but perhaps not quite so severe. Was is not the largest weekly FX divergence of USD/JPY in 25 years, around 20 percent?

Investors and analysts will need to reconsider the singular strategy of diving into U.S. Treasuries whenever stock markets head south.

*Though we're supposed to be immune.



To: Amelia Carhartt who wrote (81)12/2/1998 9:46:00 PM
From: banco$  Read Replies (3) | Respond to of 289
 
"WTO Says Trade in '98 Has Slowed Sharply" (trade barrier pressures may rise...)

Bloomberg News

GENEVA - Growth in world trade probably fell by more than half this
year, the World Trade Organization said Wednesday, as the recession in
Japan and Southeast Asia has cut demand for imports.

The growth in the volume of goods has probably slowed to between 4
percent and 5 percent this year - the slowest rate since 1993 - from 10 percent in 1997, the Geneva-based trade organization said in its 1998 annual report. Trade growth should pick up again next year, it said, without making a precise forecast.

The slump in Japan and slowing emerging-market economies have held
back world trade more than the WTO expected.

''It is already clear that 1998 will feature sharply lower trade and output growth rates than 1997, but it is more difficult to anticipate the depth or duration of the slowdown,'' the trade organization said.

Developed countries concerned that they face a flood of cheap imports
from nations whose currencies have declined have so far not raised new
trade barriers, the WTO said, though it warned that ''pressures in this direction may increase.''