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  1. Path: sparky!uunet!spool.mu.edu!think.com!enterpoop.mit.edu!eru.mt.luth.se!lunic!my!omega!fizban.solace.hsh.se!psgrain!puddle!f921.n720.z6.fidonet.org!Cy.Huang
  2. From: Cy.Huang@f921.n720.z6.fidonet.org (Cy Huang)
  3. Newsgroups: k12.ed.business
  4. Subject: Financial information
  5. Message-ID: <32031.2B3668E9@puddle.fidonet.org>
  6. Date: 22 Dec 92 04:19:00 GMT
  7. Sender: ufgate@puddle.fidonet.org (newsout1.26)
  8. Organization: FidoNet node 6:720/921 - World Data Exchange, Taipei Taiwan
  9. Lines: 115
  10.  
  11.  
  12.  
  13.  
  14.                         WEEKLY FUTURES MARKET
  15.                     Dec.10 - Dec.17 REVIEW PERIOD
  16.  
  17.  
  18.      Futures Contract                          Profit/Loss %*
  19.      01/93 Crude Oil                                    +8.67
  20.      02/93 Gold                                        +31.58
  21.      03/93 Silver                                      +17.19
  22.      01/93 Platinum                                     +7.41
  23.      01/93 Copper                                      +24.67
  24.      03/93 British Pound                               +38.58
  25.      03/93 Canadian Dollar                              +7.41
  26.      03/93 DMark                                       +42.59
  27.      03/93 Swiss Franc                                 +15.70
  28.      03/93 Yen                                         +47.39
  29.      **    Taiwan Dollar                                -0.88
  30.      03/93 U.S. Dollar Index                           -26.25
  31.      03/93 Nikkei Stock Index                           -4.20
  32.      03/93 S&P 500                                      +6.25
  33.      **    Taiwan Stock Index                          -13.01
  34.      03/93 U.S. Treasury Bond                           -6.17
  35.      03/93 U.S. 10 year Treasury Notes                 -16.20
  36.      03/93 Cocoa                                       -16.67
  37.      03/93 Coffee                                       -1.88
  38.      03/93 Cotton                                     -115.00
  39.      02/93 Pork Bellies                                +40.74
  40.      03/93 Sugar                                        +8.96
  41.      01/93 Soybean                                     -12.73
  42.      01/93 Soybean Meal                                +46.29
  43.      01/93 Soybean Oil                                 -20.00
  44.      03/93 CRB Index                                   +13.75
  45.  
  46.           Source:  Paul C.  Y.  Huang, Taipei.  Mr.  Huang
  47.      specializes in economic-financial consulting, investment
  48.      management, and training for professional financial licenses.
  49.      Tel. & fax:  (02)729-0603. Internet:idpt199@tpts1.seed.net.tw
  50.  
  51.           ** These "equivalent contracts" are included here for
  52.      comparative purposes.
  53.           * Profit/Loss calculations are changes in Thursdays'
  54.      closing prices relative to the respective exchange's initial
  55.      margin deposit requirement of one futures contract.
  56.  
  57.                            ____________________
  58.  
  59.       Equity market and political uncertainty
  60.  
  61.       The relative weakness of Taiwan's equity market reflects the
  62.       uncertainty of the outcome of the legislative elections in
  63.       Taiwan on Saturday. Most of the aging legislators chosen 45
  64.       years ago in elections throughout China were forced to retire
  65.       last December. The new Legislative Yuan will be younger and
  66.       more assertive. It will increase pressure on the executive
  67.       branch on various policy issues. Moreover, the ruling
  68.       Kuomintang is no longer as unified as it once was. The status
  69.       of a strongman leader with a one-party state and a compliant
  70.       legislature is at risk.
  71.  
  72.       Clinton's economic stimulus uncertain
  73.  
  74.       The futures market this week reflects the uncertainty whether
  75.       Mr. Bill Clinton will adopt an economic stimulus after he is
  76.       inaugurated as the new U.S. president on Jan. 20.
  77.  
  78.       The U.S.  trade deficit took a dive to $7.03 billion from $8.58
  79.       billion in September, but many analysts believe that this
  80.       monthly improvement is unsustainable.  More than half the
  81.       export improvement came in jet aircraft, up by $526 million,
  82.       and telecommunications, up $329 million, two volatile
  83.       categories that rarely repeat their performance.
  84.  
  85.       More important, the economic slow down in the rest of the
  86.       world, as forecast Thursday by the International Monetary Fund
  87.       in Washington, means U.S.  export improvement is very likely to
  88.       stall as other countries buy less.  While the gradual
  89.       improvement in the U.S.  economy will be buying more imports.
  90.  
  91.       Moreover, new unemployment claims during the week of Dec.5 rose
  92.       by 22,000 after dropping during the previous week.  The
  93.       four-week moving average, however, continued declining to
  94.       352,000, lowest in two-and-a-half years.
  95.  
  96.       Uncertainty in employment gains
  97.  
  98.       The U.S.  economy may be expanding modestly, even adding some
  99.       jobs by the small and medium-sized companies, but big companies
  100.       are continuing to cut.  A survey of more than 800 companies by
  101.       the American Management Association found that one in four --
  102.       like GM, IBM and Sears, Roebuck & Co.  -- is planning work
  103.       force reductions by the middle of 1993.  This is the highest
  104.       level since the research group began its survey six years ago.
  105.       Moreover, the 45,000 private-sector jobs added to the economy
  106.       in November, excluding government workers and people employed
  107.       in the fall political campaigns, were about one-sixth the
  108.       monthly rate during the 1983-84 expansion.
  109.  
  110.       Significance of gold's rise
  111.  
  112.       During the week, the substantial improvement in gold price
  113.       accompanied by an increased total open interest reflects the
  114.       continued uncertainty over the European Exchange Rate mechanism
  115.       and the expectation of eventual worldwide economic stimulative
  116.       polices for growth with inflationary risk as secondary
  117.       consideration.
  118.  
  119.                          ___________________
  120.  
  121.  
  122.  
  123. --  
  124. uucp: uunet!m2xenix!puddle!6!720!921!Cy.Huang
  125. Internet: Cy.Huang@f921.n720.z6.fidonet.org
  126.