41. BPI Securities Corp. analyst Spencer Yap said investors, especially foreigners, will probably wait until the currency market stabilizes before taking a new look at Philippine stocks. 42. Central bank governor Gabriel Singson said he expects the market to stabilize in coming days. 43. In an unstable foreign exchange environment, it is our view that it is important for government to have relatively firm interest rates until the market stabilizes. 44. Investors said the Italian market was stabilizing, but warned that it remained volatile and further losses were not to be excluded. 45. New York analysts cited as a factor the belief that Asian markets are stabilizing. 46. New York analysts cited as a factor the belief that Asian markets are stabilizing, while the Asian markets in turn took heart from New York. 47. On Thursday, American financial markets stabilized. 48. Signs that other Asian markets may be stabilizing also helped spur the market, traders said. 49. The Central Bank has been reducing rates steadily since last month as financial markets have stabilized. 50. The fund also said that it expected Russian markets to stabilize soon. |