1. Cuts in interest rates, which have fallen so low there is little room for further reductions, failed to cheer securities markets. 2. European bond markets were also cheered by the low-inflation rewards reaped by nations that have tied their currencies to the deutsche mark. 3. Investors said the market was cheered by good earnings reports from International Business Machines Corp. and Caterpillar Inc. 4. The financial markets would be cheered and both Dole and Clinton could be doers as well as talkers. 5. The news did little to cheer European markets, which responded more to earlier declines elsewhere in Asia. 6. Positive news from Nokia also helped cheer markets. 7. A currency trader with a foreign bank said abandoning the volatility band cheered the market. 8. Financial markets are usually cheered by the prospect of lower interest rates, but over-optimistic investors had been looking for the rate cuts to start immediately. 9. Still, the moderate upswing in corporate confidence cheered the market, and investors were eager to buy on any significant dips, analysts said. 10. Still, the moderate upswing in corporate confidence cheered the market, and investors are eager to buy on any significant dips, analysts said. |