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BlackBerry Limited Message Board

  • digitalmarket digitalmarket Aug 13, 1999 1:49 PM Flag

    RIM Message Posters Read This.

    MARKET COMMENT and Research In Motion
    (RIM)

    This is part why RIM will continue to rise due to
    stronger than excepted U.S. numbers. RIMM to reach its all
    time high in September and could surpuss the $43.00
    .

    Toronto stocks were seen moving ahead in early action in
    the face of unexpectedly tame U.S. producer price
    data. * U.S. PPI gained 0.2 percent in July -- below
    economists' forecasts -- after a revised 0.1 percent decline
    in June. * Core PPI, excluding food and energy
    prices, was flat.

    TORONTO, Aug 13 (Reuters) -
    Traders predicted that Friday the 13th would not be cause
    for superstition on Toronto stock markets after the
    release of unexpectedly tame U.S. producer price
    data.

    ``Seems like a good number,'' said Rick Hutcheon,
    president and chief investment officer at Nova Funds. ``It
    looks like the markets should rally now in the face of
    that.''

    U.S. PPI gained 0.2 percent in July after a revised
    0.1 percent decline in June. Core PPI, excluding
    volatile food and energy prices, was unchanged in July
    after a revised 0.2 percent slip in
    June.

    Economists surveyed by Reuters had predicted that overall
    PPI would climb 0.3 percent and that core PPI would
    move ahead 0.1 percent.

    Analysts said that
    while this was a friendly report, they still expected a
    quarter-point rate increase at the October 24 Federal Open
    Market Committee meeting.

    Canada's composite
    leading indicator rose just 0.1 percent in July as demand
    for durable goods slackened off. The rise was the
    lowest monthly gain since last November.

    On
    Thursday, the Toronto Stock Exchange's 300 Composite Index
    closed 5.77 points, or 0.08 percent, higher at 6914.83
    points, retreating from stronger gains made at the
    opening.

    The blue-chip S&P/TSE 60 index gained 0.14 points, or
    0.03 percent, to end at 405.08 points.

    In New
    York, the Dow Jones Industrial Average ended up just
    1.59, or 0.01 percent, at 10,789.39 points. The
    technology-laden Nasdaq index fell 15.48 points, or 0.60 percent,
    at 2549.50.

 
BBRY
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