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Posted by BradyNet ( Thursday, October 23, '03 )

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GLOBAL MARKET HIGHLIGHTS

U.S. Jobless Claims Fall to Lowest Level in a Month 10-23-03 (Yahoo) WASHINGTON -- The number of U.S. workers filing first-time applications for unemployment benefits unexpectedly fell last week to its lowest level in a month.

Texaco faces $1bn lawsuit 10-23-03 (BBC) A trial has begun in Ecuador's jungle town of Lago Agrio of the US oil giant ChevronTexaco, which is accused of polluting the country's rainforest and water resources.

States Try to Poach California Businesses 10-23-03 (Yahoo) PORTLAND, Ore. - With California roiled by the recall campaign and struggling to right its foundering economy, Oregon and other states are swooping in to try to lure some of its businesses away.

The secret of the permanent poor 10-23-03 (Yahoo) IT CAN BE the best of times or the worst of times, but whether in prosperity or recession, there is one constant in the U.S. economy: the richest country in the world maintains a permanent class of people who are poor.

Study: Factory Employment Falling World-Wide 10-22-03 (Yahoo) The U.S. manufacturing sector has gone through 38 grueling months of declining employment, but a new report shows that factory-job woes aren't just an American problem. From Brazil to Russia and yes, even to China, manufacturing jobs are disappearing around the globe.

Fast GDP Wont End Big Deficit 10-22-03 (Yahoo) Business seems to be getting better on Wall Street and even on Main Street. But will that ease federal and state budget deficits?

Analysts: Politics Wont Sway Fed in Election Year 10-22-03 (Yahoo) NEW YORK (Reuters) - The Federal Reserve (news - web sites) won't feel constrained by the upcoming presidential election next year if it believes higher interest rates are needed, but the economy is a long way yet from warranting a rate hike, analysts said.

LATIN AMERICA

Showdown in the Ecuadoran Jungle 10-23-03 (Washington Post) LAGO AGRIO, Ecuador, Oct. 22 -- Under a warm setting sun, a half-dozen children gathered Tuesday around a plastic tub filling with water from a tube snaking from the ground. Women washed clothes under the spout, smacking shirts and pants against planks to dry them as the children played.

Ecuadoreans Sue U.S. Oil Firm Over Amazon Pollution 10-23-03 (Yahoo) LAGO AGRIO, Ecuador (Reuters) - Ecuadorean Indians wearing feathered headdresses and red face-paint marched outside a jungle courthouse on Tuesday at the start of a case accusing U.S. oil giant ChevronTexaco of polluting the Amazon.

U.S. Oil Co. Goes on Trial in Ecuador 10-22-03 (Yahoo) LAGO AGRIO, Ecuador - A decade after Texaco pulled out of the Amazon jungle, the U.S. petroleum giant went on trial Tuesday in a lawsuit filed on behalf of 30,000 poor Ecuadoreans who say the company's 20 years of drilling poisoned their homeland.

Argentine stocks hit all time high 10-22-03 (BBC) The leading stock market index in Argentina has hit its highest ever level since opening for business in 1986.

China Launches Satellite Developed with Brazil 10-22-03 (Yahoo) BEIJING (Reuters) - Less than a week after putting its first man into space, China launched a satellite on Tuesday jointly developed with Brazil to study the Earth's surface, the official Xinhua news agency said.

RUSSIA

New probe into Russian oil tycoon 10-22-03 (BBC) Russian state prosecutors have said they will interrogate oil tycoon Mikhail Khodorkovsky for a second time.

ASIA

Battle Lines Being Drawn for Philippine Election 10-23-03 (Yahoo) MANILA (Reuters) - With seven months until a ballot is cast, major players in the boisterous and colorful world of Philippine elections have started drawing up the battle lines.

AFRICA

Locust outbreak threatens Africa 10-22-03 (BBC) Crops in north Africa are under threat from swarms of locusts, says the UN Food and Agriculture Organization.

OIL PRICES

Oil firm escapes heavy penalties in Beverly Hills cancer case 10-23-03 (Yahoo) An oil company accused of contributing to a cancer cluster among former students of Beverly Hills High School, the training ground for some of Hollywood's most glamorous names,

Iraq oil watchdog formally established in UN deal 10-23-03 (Yahoo) UNITED NATIONS (AFP) - The oversight body to monitor the US-led coalition's handling of Iraqi oil money has been formally established, according to documents obtained by AFP.

Oil Firms Brave Safety Concerns in Iraq 10-22-03 (Yahoo) GENEVA - Lack of security is just one of the hurdles for foreign companies eager to explore for oil in Iraq (news - web sites).

Newest messages appear on top.

10-23-03 Advice55: Glutt, when I ask prices here is because I am trading another thing and will decide if call or not call my brazil bonds dealer....

I decided to call.....

10-23-03 Advice55: Brazil news

Saldo da conta corrente de setembro � o melhor j� registrado pelo BC

Azelma Rodrigues | Valor Online BRAS�LIA - Em setembro, o pa�s registrou o melhor resultado mensal para as transa��es correntes externas desde o in�cio da apura��o dos dados pelo Banco Central (BC) em 1980. O saldo entre ingressos e remessas de d�lares por conta de bens e servi�os foi positivo em US$ 1,338 bilh�o, levando o acumulado em 12 meses ao melhor n�mero desde maio de 1993. Para outubro, o BC espera super�vit em torno de US$ 500 milh�es. O BC tamb�m prev� resultado positivo nas transa��es correntes para todo o ano de 2003. O chefe do Departamento Econ�mico do BC, Altamir Lopes, est� otimista, mesmo considerando que em outubro, as contas externas t�m forte press�o de pagamento da segunda parcela anual de encargos da d�vida externa em t�tulos (bradies). Para fazer face ao desembolso de mais de US$ 1 bilh�o da d�vida externa de responsabilidade p�blica, o governo conta com o ingresso de US$ 1,480 bilh�o da coloca��o de b�nus na semana passada. O dinheiro entrou ontem para as reservas brasileiras. Lopes lembra que se, de um lado, os investimentos diretos est�o escassos (US$ 739 milh�es em setembro), h� o desempenho da balan�a comercial, que prossegue muito bom e no m�s passado teve super�vit em US$ 2,67 bilh�es. Ele comentou ainda que os dados acumulados em 12 meses, que apresentam super�vit de US$ 3,6 bilh�es (0,76% do PIB), s�o os melhores desde maio de 1993. Naquela data, o saldo das transa��es correntes equivalia a 0,96% do PIB.

Capta��o em b�nus eleva reservas internacionais a US$ 54,404 bi

Valor Online BRAS�LIA - As reservas internacionais brasileiras somaram US$ 54,404 bilh�es na quarta-feira (22/10), com aumento de US$ 1,739 bilh�o ante os US$ 52,665 bilh�es registrados na ter�a-feira (21). Os dados foram divulgados pelo Banco Central, que realiza o c�lculo com base no conceito de liquidez internacional. Segundo o BC, a eleva��o reflete a entrada de US$ 1,480 bilh�o obtidos com a coloca��o de b�nus soberanos na semana passada.

D�vida de curto prazo diminui
O governo conseguiu reduzir um pouco mais a parcela de curto prazo da d�vida mobili�ria federal. De agosto para setembro, a parcela de d�bitos com vencimento em 12 meses caiu de 32,47% para 32,08% do total dos R$ 707,74 bilh�es em d�vida mobili�ria. Esse � um dos indicadores observados por analistas de mercado, nacionais e internacionais, para avaliar a capacidade de cumprimento de obriga��es do governo. Em termos de prazo m�dio do estoque da d�vida, houve uma pequena redu��o, caindo de 31,4 meses para 31,2 meses.

Os dados s�o do Tesouro e do Banco Central.

10-23-03 carib: Glutt: not if one is just <accumulating>...which personally I am no longer.

10-23-03 Glutt: advice, how you buy Brazil C bonds without actually knowing bid and ask? for you: 92,5/92,813 from GFI (if you know what GFI stands for)

10-23-03 Glutt: Pray tell Advice, but before someone buys on dip it is advisable to sell sometime at the highs� otherwise next buying opportunities may not come for those who always buys and holds �

10-23-03 Glutt: ja ne govoriu chto vse prodajut, prosto kto to chto to podsdast, kto to duration sdelaet koroche, kto to kupon prederzhit... tak vot i proishodit... a potom vibegut clown anals raskazhut o nevjabennih prichinah pobudivshih prodati to da sjo... voobshem kak vsegda labuda sploshnaja... gnilaja eto industrja.

10-23-03 Advice55: Thanks carib.... Seems a good entry point already again... Buy deeps...

10-23-03 Glutt: starina opti, ja tebia ponimaju & ne suzhu voobshe... prosto poimi takih kak ti na rinke malo a vot teh kto raportuet mnogo & eto obicno tradicija chto rynok osedaet v Nojabre pered xmas rally.

10-23-03 carib: 92.6-92.7

10-23-03 Advice55: Any one has CBonds bid and ask please?

10-23-03 Advice55: Quinta, 23 de Outubro de 2003 [12:02:42] Mensagem n� 218793

Origem: www.projecao.com
NickName: Advice
Cadastro: 21/May/2000

Prazo: Curto Prazo

T�tulo: Analistas de plant�o....

Responder Apagar

aproveitem e liguem para aquele cliente que est� 100% na renda fixa e digam que a bolsa ta caindo e � bom come�ar a diversificar..... Se n�o v�o � receber liga��o deles mesmos quando subir outra vez, perguntando se num � pra comprar bolsa e ai v�o ficar num mato sem cachorro danado.... Tem que colocar os clientes pra dentro quando cai, ainda mais quando cai, por causa de uma queda do nikkei desta, que era mais que esperada por quem entende de moedas, o YEN a 109 Jap�o ta fudido mesmo..... Mas pro Brasil isto s� vai fazer aumentar o fluxo, pois aqui as perspectivas s�o boas e os juros ainda caem mais, a atividade nem reagiu direito ainda, a balan�a comercial ta porrando, ficar comprado em dolar contra DI continua sendo a roubada do ano....

Aproveitem as promo��es, n�o duram muito..... Tem nego ainda assustado e vendendo cada repique intraday, aproveitem pois vai passar logo.....

10-23-03 optimist: lenivo mne chego to.. ne sudi strogo;)) Mne ne nado chego to prodavat, chtoby raportovat rezultat.. Bez raznici - cash ili MTM...

10-23-03 wally: <Primo: Wally hasst du Stefan Engelsberger gemeint?> no, it was something a member of the german parliament (Bundestag) said.

10-23-03 Glutt: opti <Glut the selling is not for profit reporting.. but for tax diminishing ;))) I sold out and enetered UST exactly cause i think something bad is in the offing.. > can you explain in more simple language so i can understand what you speaking about. i cannot digest half phrased sentences.

10-23-03 Primo: Wally hasst du Stefan Engelsberger gemeint?

10-23-03 Fox: <Markets & other things> Guys I really find one point of concern in the World China. I have posted some material I will most some more the ones interested may help understand the implications of a hard landing in China due to overheating od the economy. You know buying dollars & printing Yuans dont come for free!!

10-23-03 wally: <carib: Wally: targets?> Ecu12 <80, Ecu30 <60, Bra40 <90, Phi25 <103.5 all that of course based on today's outlook. it might well happen that i reduce my limits.

10-23-03 optimist: Glut: they did in the morning.. Now "morning dip" is getting bought, and UST subsequently sold. nothing to write home about..

10-23-03 wally: <amateur> i got the article from BAH already. no need to fax! thanks.

10-23-03 optimist: Glut the selling is not for profit reporting.. but for tax diminishing ;))) I sold out and enetered UST exactly cause i think something bad is in the offing..

10-23-03 Glutt: opti, UST 5y does not feel so well today, wassup amigo?

10-23-03 SPAL: 10-23-03 carib: SPAL: I see ITWO is not going down besides the bad "tech day". < Maybe a good sign. > damn well better be!!

10-23-03 optimist: Sorry, I meant countrary to Advice i DO NOT think stocks will stop falling..

10-23-03 Glutt: concerns profits i mean monkeys reporting to bigger monkeys in investment/banking industry

10-23-03 carib: Wally: targets?

10-23-03 Glutt: Alex, bingo, market finds reasons after it has sold.

Spal, we are entering Novemeber - the month of reporting profits for the year and approving budgets for next year - so lame excuses might come to depress markets before pre Xmas rally in December? I guess this accurately happens more or less each year. I guess even opti sold to show the profit on his books.

10-23-03 carib: Pill: any opinion on worldcom recovery value? is it reasonable to expect above 45?

10-23-03 carib: SPAL: I see ITWO is not going down besides the bad "tech day". Maybe a good sign.

10-23-03 wally: <carib: Opti: I don't know...october is not ober...I do not see prices worth buying...> my view too but i have set my buy limits.

10-23-03 wally: <Primo: Wally all that i found in reuters> thanks, but i am looking for a different topic and <amateur> has promised to assist. it's about a german member of parliament and his lenient view towards an Argy haircut.

10-23-03 SPAL: SAY 17 + 0.77

Indians to the rescue ... love these guys.

10-23-03 SPAL: PETS 8.25 +0.05

A very small move - but in a market like this it is significant - this one if you have it looks like a solid hold - have heard that they are considering listing on the AMEX and feel certain that strong sales growth continues coupled with very solid profitability.

10-23-03 SPAL: <10-23-03 optimist: Its getting interesting.. Countrary to Advice, i think US stocks "stop falling and consolidate" here.. But .. who knows.. He's been damn right in timing recently.. > be careful if it comes back that it is not just a bounce and then further down to test the June 5 lows ...

10-23-03 carib: Opti: I don't know...october is not ober...I do not see prices worth buying...

10-23-03 optimist: Its getting interesting.. Countrary to Advice, i think US stocks "stop falling and consolidate" here.. But .. who knows.. He's been damn right in timing recently..

10-23-03 optimist: Carib: you think the sell off in latam will stop here?? I mean - time to buy?

10-23-03 Glutt: carib, i think both...

10-23-03 Glutt: i would also volunteer to join and help to create Spal or Colores Fund. i am near LX or CH and ready to help if is a need. no jokes...

10-23-03 Alexander: <<<cause there is no reason to sell Brazil down once again.... >>>>

hi advise, markets are irrational and need no "reasons"

10-23-03 carib: guano 12 down 2 points...is it to allow re-investment of nov coup, or to make Barrionuevo happy?

10-23-03 Advice55: On USBonds, the bid will be there for longer time and yields might close a little further as stocks stop to acumulate.....

10-23-03 Advice55: D not sell spx any more,it will stop falling today and accumulate....

Selloff in the nikkei was more than expected with the yen at 109....

Brazil going down on the nikkei selloff, Brazilians got all scaried and smart traders are taking there stops, will rebound strongly today, cause there is no reason to sell Brazil down once again....

10-23-03 carib: Para acreedores italianos, la reuni�n con Guillermo Nielsen fue "nula" As� lo manifest� en Radio 10 Nicola Stock, abogado de los inversores en bonos de Italia. "Vemos que la quita del 75% propuesta por la Argentina es un dogma. Para nosotros es inaceptable", asegur� En ese sentido, manifest� que la reuni�n fue similar a la de Dubai: "Nula, de nuevo". Stock afirm�: "Los 450.000 ahorristas italianos, todos jubilados, no podemos aceptar una quita del 75% m�s intereses no pagados". Al respecto, aclar� que el secretario de Finanzas argentino, Guillermo Nielsen, no present� en Italia un bono a 42 a�os. "S� lo present� en Alemania y en Jap�n, pero no en Italia, porque sab�a que una cosa as� era impresentable".

10-23-03 k1: <"This is a gesture of goodwill on the part of Argentina..>

*lol*

10-23-03 Primo: Wally all that i found in reuters:

ROME, Oct 23 (Reuters) - Argentine Finance Secretary Guillermo Nielsen said on Thursday his country would offer bonds indexed to economic growth to creditors as part of a menu of new paper it will issue in exchange for old, unpaid bonds. "As part of the menu we will be offering, we are offering GDP-indexed bonds," Nielsen said in an interview with Reuters on the fringes of a meeting with representatives of Italian creditors. "This is a gesture of goodwill on the part of Argentina... We will have GDP-indexed bonds that will yield better if Argentina does better," he said. Argentina has proposed slashing by 75 percent the face value of $94 billion of unpaid bonds as part of a debt restructuring following its bond default in 2002. It wants to give investors new paper in exchange for 152 existing issues denominated in seven currencies that are set to be devalued. Nielsen reiterated that Argentina would not budge from the 75 percent "haircut" that has outraged many investors, and said there would be no special treatment for small bondholders, who include some 400,000 ordinary Italians. The finance secretary said the painful restructuring process was not harming the Argentine economy but rather that economic recovery was helping the debt negotiations. "Argentina is recovering at a fast pace and that will help the process of negotiation," he said.

10-23-03 carib: Fox: lux holding will survive the EU new tax legislation. It was a condition for Lux to vote for the directive. Only problem: it's not a <shoebox> corp, so it costs some money. People who just need a <shoebox> to register an account or conduct a transaction have no use for it. For the long term, IMHO it's better than Lichtenstein, because it does not have a <bad name>: it'a EU corporation...

10-23-03 Fox: Gracias Wally!

10-23-03 wally: <L-Holding Co> = LUX <zorrito>.

10-23-03 wally: has anybody access to the article:

Interview � German Bundestag Budget Committee member Albrecht Feibel Open to debt pardons?

http://www.buenosairesherald.com/bu...

10-23-03 Glutt: identity verification posting for your b-wiebel mates...(hahaha)

Wally, i do not know for what reason they think so and why this is important for you. May be they are just joking with you. To safe your prestige I posted a link to the Color in email profile & i will repost exactly same posting on the Color. Of course i do not plan to submit a photo of me or my fingerprints, otherwise stop bother about those people who lost their moneys in Argentina and still waste their time on verifying your identity. When ARG will modify non economic terms of their bonds and make new debt cleared/custody in BA jurisdiction, I guess their faces will look like g�rken & they will stop bother about your identity.

take care

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