31.   That report raised expectations for further Fed rate cuts, which could encourage equity investors because lower short-term interest rates would help prevent a recession.

32.   That possibility is encouraging investors to buy yen to repay the Japanese currency they have borrowed and converted into other currencies to invest in U.S. and other financial markets.

33.   The announcement Wednesday of the regulatory agreement did not encourage investors.

34.   The American stock market bounced back Tuesday, encouraging investors around the world and reducing the pressure on central bankers to lower interest rates here and in Europe.

35.   That would provide breathing room for Brazil and encourage investors.

36.   The announcement of a definite election date is likely to encourage investors who are looking ahead to the March vote for a victory by the fiscally conservative Popular Party.

37.   The arrival of the euro is encouraging European investors to diversify geographically.

38.   The data encouraged investors, who drove bond and stock prices higher.

39.   The election of Mr Sharif, the scion of a business family and himself a businessman turned politician, is expected to encourage domestic investors.

40.   The higher rates also encourage local investors from taking their money out of the country.