Global Market Commentary from Copenhagen

by | Aug 18, 2000 | Archives

Dear International Friend,

I am delaying my Ecuador update report by a day to send you data from eClub advisor Jyske Bank (the fourth largest bank in Denmark).

Good Investing! Gary

Dear Gary,

We still see strong focus on the interest-rate development in the US and on the Fed meeting on 22 August. The unemployment figures due on Friday 4 August will definitely be an important indicator up to the meeting. In addition, we have seen doubts about the sustained earnings growth of US technology companies. We believe that most problems have been discounted in the present levels, and hence we still anticipate that technology will outperform in the long term.