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To: Calvin who wrote (94626)	2/4/1999 7:34:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

<Europe/Asia> Rate cut by Bank of England, and European corp performance. Calvin: Excellent,just what the doctor ordered. Also do note that I found a few other encouraging tidbits this morning such as: ABB-Asea Brown & Boveri(ABBY-Nasdaq) the giant Swiss/Swedish conglomerate just announced some kick-ass results for the quarter and the year. This is of course good news but if you look beneath the surface,ABB serves customers worldwide in power generation, transmission and distribution; automation and such and derives almost 20% of their revenue from Asia,though demand is still weak in Asia things could be improving and Europe,North America and the rest of the world must also have contributed nicely to the bottom line.Of course they have restructured the company and cut costs to improve the results but nonetheless a good sign. Siemens AG-ABB's rival in the industry also said they are expecting improved results. Eruope is looking good today as the future prospects of the economy is looking a bit brighter than before and the rate cut from U.K is certainly going to contribute to the overall economic scheme of things in Europe and UK in particular. Let us hope our markets will react positively to the news from Europe and the bit from Malaysia about easing the capital control a bit should help as well.