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09-Jan-2001 16:50:37
US market has been very volatile lately. Analysts said that most indicators
are pointing towards a slowdown for the US economy, possibly a moderate
growth over the four quarters of 2001. Furthermore, American consumers
seem to be more cautious now, hurting the retailer's revenue in December,
which was usually their busiest month due to the festive seasons.
Elsewhere, Nikkei fell to its lowest since March 1999 at 13423.21
on the 21st December. |