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To: Grandpa Joe who wrote (124241)	5/12/1999 11:28:00 PM
From: Boplicity	Read Replies (1) \| Respond to of 176387

8:30 I believe.

To: Grandpa Joe who wrote (124241)	5/13/1999 9:21:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 176387

Ref:PPI - "Low inflation low rates looks good." Instant View. Grandpa: Looks like no cause for alarm. ====================== INSTANT VIEW - U.S. stocks seen helped by PPI NEW YORK, May 13 (Reuters) - U.S. stocks were expected to get a modest boost after the April Producer Price Index showed an 0.5 percent rise. Analysts polled by Reuters had been expecting an increase of 0.6 percent. Excluding food and energy the number was up 0.1 percent in line with expectations. Monthly retail sales figures were slightly lower than expected, however. Here are analysts initial comments on the data: JAMES VOLK, CO-DIRECTOR OF INSITUTIONAL TRADE, DA DAVIDSON: The numbers look in line, the retail sales numbers are lower than expected. Low inflation, low rates looks good." CHRIS DICKERSON, ANALYST, GLOBAL MARKET STRATEGISTS INC., GAINESVILLE, GA.: ''I think it is well priced into the market. Sure, it was up 0.5 (percent) but it was all energy. It is really no surprise. Definitely the stock market is going to open up higher because bonds are up. The millstone around the market right now is interest rates.'' PETER CARDILLO, DIRECTOR OF RESEARCH, WESTFALIA INVESTMENTS ''Retail sales came in a bit weaker than expected. All the other numbers are OK.'' ''Oil prices were rising a bit but that was expected. The bottom line is, that the economy is expanding without any real inflationary pressures. The party will continue. We will have a good opening today.'' THOM BROWN, MANAGING DIRECTOR OF RUTHERFORD BROWN AND CATHERWOOD ''(The figures) are going to be a help for the market, especially on the opening.... (but the PPI) number is not that much under what the street was expecting. I think it's a decent number, but nothing to get teribly excited about.'' The Commerce Department reported U.S. retail sales rose 0.1 percent in April, shy of an expected 0.3 percent increase. Excluding auto sales, the increase was 0.4 percent, in line with expectations. The June Standard & Poor's 500 index future was up 5.20 points at 1374.30 shortly after release of the two reports, extending its gains from before the data. The 30-year U.S. Treasury also built on its pre-report gains, rising 25/32 to yield 5.77 percent. --------------------------------------------------------------------------------