Message-ID: <16615509.1075845443875.JavaMail.evans@thyme>
Date: Mon, 18 Jun 2001 03:36:00 -0700 (PDT)
From: leann.walton@enron.com
To: william.smith@enron.com, recipients@enron.com, brenda.aggar@enron.com, 
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Subject: GMM 15 June 01
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X-From: Leann Walton
X-To: William Smith, RECIPIENTS, Brenda Aggar, Alhamd Alkhayat, John Allario, Gunta Andrews, Martina Angelova, Aaron Armstrong, Harry Arora, Charles Baker, Andrew R Baldock, Angie Barwick, Sally Beck, Chris Bellinger-Smith, Michael J Beyer, Cheryl Borg, Emily Boxall, Clara Carrington, Howard Carter, Hazel Chawapiwa, Alistair Coleman, Faye Collis, Clare Cook, Andrew Cornfield, Dennis Cracknell, Analissa Croker, Jo Cronin, Ed Dablin, Shane Dallmann, Andrew Davis, Esther Demetz, David P Dupre, Bucky Dusek, Vikas Dwivedi, Michael Farmer, Suzanne Ferlic, Debbie Foot, Clare E Francis, Bridget Fraser, Jennifer Fraser, Christine French, Mark Frevert, David Fulton, Eric Gadd, Emma Gawthorpe, Stinson Gibner, Grant Gilmour, Jens Gobel, Joe Gold, James A Gordon, John K Haggerty, Richard Harper, Deborah Harry, Alex Heath, Daniel Henson, Ines Hess, Jurgen Hess, Mog Heu, Gary Hickerson, Andrew Hill, Cindy Hudler, Irma Hunt, Barry R Hussey, Jacquie Hussey, Clive Hutchings, Michael J Hutchinson, Vince J Kaminski, Steven J Kean, Ann Kooij, Andrey Kotlarczyk, Yana Kristal, Larry Lawyer, Andrew D Leyton, David Lilley, Anthony A Lucas, Anita Lynch, Daniel J Lynn, George Mcclellan, Trena McFarland, Kevin McGowan, Tom McKeever, Alex Mcleish, Erin McMahon, Paul Mead, Jeremy E Meakin, Anna Mehrer, Jamie Millar, David M Mortimer, Darrell Nicholas, Jere C Overdyke, Bhavna Pandya, Darren Potter, Glenda Pritchard, Diana Profir, Gavin J Rankine, Maureen Raymond, Ian Read, Daniel Reck, Andrea V Reed, Mark Ruane, Kevin Ruffcorn, Christian Schirmeister, Jessie Scott, Hamish Scutt, Pushkar Shahi, Jeffrey A Shankman, John Sherriff, Frank Speight, Daniel L Spencer, Stu Staley, Carsten Sterz, William Stuart, Emma Sturgess, Ellen Su, Jason Sunshine, Harry Tefoglou, Terence H Thorn, David P Tregar, Hayley Truscott, Adam Turner, Diana Verzariu, Ben Waite, Colin Walker, Helen L Ward, James Warringer, Greg Whalley, James E Willis, Jo Wymer, Ian Yang, Jonathan Andrews, Lars Baeder, Predrag Barlov, Paul Bohme, Lucille J Brown, Joanna Butler, Nathan Butler, Max Chakrabarti, Kirsten Challinor, Surinder Chandhar, Michael J Christian, Ford Cooper, Martyn Davies, Giulio DeChiara, Darren Delage, John D Dennis, Piers A Duggan, Martin Dulake, Lindsay Edmonds, EGMContent, Robert Fenton-Stone, Samantha C Finn, Lloyd Fleming, Mick Gallaher, Nigel Geary, Laura Gillham, Nicoletta Gossow, Nigel Grace, Bill Griffiths, Robert Groves, Vanessa Guest, Sam Hainsworth, Josie Hall, Linda J Handbridge, Piers R Harden, Mavis Harvey, Karen Healy, Kevin Heffron, Molly Hellerman, Rainer Herforth, Neil Hussey, Liza Intveld, Ken Jackson, Robert Jeapes, Manjeet Jones, Tanya Jones, Tim R Jones, Tracey M Jones, Sandip Joshi, Toru Kamono, Nicola Kerr, Lothar Kierspel, Gwyn Koepke, Monica Lande, Nigel Latham, Steve Leppard, John Lunzer, Nigel Majury, Reuben Maltby, Mike Marlowe, Jonathan Marsh, Saskia Martinska, Michael J McQuillan, Mitra Mujica, Roderick Nelson, Kirsten Nelz, Rupert Novis, Kerrie Painter, Michael Parnell, Tony Piper, Laura Pixton, Li Qi, Suresh Raghavan, Luyola Rayner, Nicole Rose, David Rosenblum, Julie Russell, Peter Schluter, William Sell, Paul Sentance, Mark Shaer, Mark Sharp, Karen Sivyer, Martin Stanley, Nikki Taylor, Stephanie Taylor, Fritz Ten Doornkaat, "Thambiah, Mary" <Mary.Thambiah@ENRON.com>@SMTP@enronXgate, Merritt Thomas, Simon Tibbitts, Sid Tipples, Martin K Trott, Steve Upot, Rene van der Kam, Lucy Wainman, Paul Wallace, Norman Walters, Suzanne Weedon, Shu Wen, Tina S White, Keith Whitehead, Paul A Wilkes, Rohan Ziegelaar
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Please find attached the Global Markets Monitor for the week ending 15 June=
=20
2001.


Executive Summary=20

? US: Fed=01,s beige book reports cool results across the U.S.  Lack of=20
inflationary pressures gives Fed wider maneuverability to cut rates at end =
of=20
the month.  One Fed member says the economy is probably at or near the=20
bottom.  Leader of a U.S. manufacturing organization (N.A.M.) says dollar=
=20
overvalued as much as 30 percent.=20
? Europe: ECB trims its forecasts for GDP growth and lifts its inflation=20
expectations. Euro continues to languish although it received a bounce=20
following anti-strong dollar comments by the U.S.  N.A.M.  Spain urged by t=
he=20
OECD to open its power sector to competition. =20
? UK: New minister for Europe dampens rumors of an expeditious adoption of=
=20
the euro in the U.K. =20
? Country Update - Brazil: Three principal causes for the present energy=20
crisis: limited investment, limited private sector participation, and=20
regulatory limitations to bringing on new power plants.   Cardoso pledges t=
o=20
adhere to existing economic policy platform despite the energy crisis.=20





Thank you,
Maureen Raymond-Castaneda=20
and Gwyn Kopke