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To: Frank Ellis Morris who wrote (83988)12/6/1998 9:51:00 PM
From: jttmab  Respond to of 176387
 
Frank,

Saw the rates story a little earlier and had to laugh....Reuters put out these blurbs just a few hours earlier...
Business Summary - Dec 6, 4:24pm EST

Investors Still Worried About Economy Here, Overseas
NEW YORK (Reuters) - Although it ended last week on a strong note, the stock market again displayed its soft international underbelly, raising fresh doubts about where the U.S. economy -- and the market -- were headed. The rejection last week in Brazil's Congress of part of a key social security reform measure jolted stock markets there and in the United States as investors fretted the hang-up meant efforts to steady Brazil's economy, including International Monetary Fund financial aid, were at risk.

Nikkei Seen Under Pressure, Eyes On U.S. Stocks
TOKYO (Reuters) - Tokyo stocks are likely to be under pressure this week as renewed concerns over New York stocks and the yen's firmness against the dollar may revive fears the earnings of Japanese exporters will be hurt, traders said. ''Overseas markets will be keenly watched this week amid renewed concerns over emerging markets, such as Brazil,'' said Susumu Inada, chief investment officer at Tokyo Kaijo Asset Advisory Co.

End of Reuters...

Honk Kong - +4.27%
Taiwan - +2.05%
Japan - +0.57%

Reuters has their bases covered. <LOL> Guess their writer is counting on Brazil..

Best Regards,
Jim