31. Goldman said investors are assuming that the Federal Reserve will not raise short-term interest rates this month, and that the markets can benefit from a seasonal upside bias. 32. Larry Wachtel of Prudential Securities said the market benefited from suggestions that Congress was moving to further cut capital gains taxes. 33. The Australian property market is benefiting from the currency turmoil, says Alice Lee of Wayfoong Property. 34. The market also has benefitted from the spreading perception that the U.S. economy has entered a period of moderate economic activity accompanied by mild inflation. 35. The Japanese market also benefited from the weaker yen, which helps Japanese exporters by making their products cheaper overseas and boosting the value of repatriated earnings. 36. The market also benefited from expectations that the government will soon expand a pool of public funds to assist ailing Japanese banks, they said. 37. The market also has benefitted from a growing perception that the U.S. economy is heading into a prolonged period of moderate economic activity accompanied by mild inflation. 38. The market also benefited from the weaker yen, which helps Japanese exporters by making their products cheaper overseas and boosting the value of repatriated earnings. 39. The market has been benefiting from a wave of short-covering in recent weeks. 40. The market was also benefitting from a broad move by investors to buy stocks before the end of the quarter. |