THE MORNING MARKET REPORT, Monday, July 29, 1996
Fax: +44 844-812 5897, Toll-free U. S. customer service: 1-800-493-1126
WASHINGTON. The U. S. and Japan try avoiding a trade war over access
to chip markets when the current treaty allowing the U. S. 20% of the
Japanese market runs out later this week. Negotiations are on the way for
new regulations. Japan complains about U. S. claims for a guaranteed share
of the market, wants market forces to rule instead of bureaucratic
intervention, and wonders why it is just the U. S. that seem to oppose
ungoverned free trade. Japan wants a reciprocal agreement and points out
that the previous one was not.
BERNE. Swissair have placed a $80m order for in-flight entertainment
systems in 21 of their long-haul jets giving passengers access to
casino-like entertainment just by slipping a credit card.
London morning rates (movements against previous close):
$ 0000 1.4830 DM $ 1.2090 sFr
$ – .1 108.4 � $ 5.0310 FF
� + .2 1.5560 $ $ 1.6650 hFl
� + .3 2.3080 DM A$ 78.93� U.S.
TOK: (-157) 20967 SID: (- 7) 2135
HK: (- 53) 10651 SGP: (- 31) 2098
LON: (+ 11) 3684 MY: 000 closed
NY: (+ 51) 5473 (Friday close)
US-30yr Long Bond yield: 7.04%
COMMODOTOES (London, unless indicated otherwise):
Gold : $ 385.25 /oz
Silver : 509.5� /oz
Sept Brent Crude Oil : $ 18.80 /brl.
Oct Sugar (NY) : 11.88� /lb.
Sept Arabica Coffee (NY) : 104.25� /lb.
Sept Robusta Coffee : $1525 /t
Sept Cocoa : � 992 /t
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