1.   The Bovespa continues to be dominated by trading in shares of Telecomunicacoes Brasileiras SA, the state phone company.

2.   Trading in stock options dominates Brazilian stock markets a week before the bimonthly options expire.

3.   The dollar gave up a bit of ground against the yen in Tokyo Thursday in a session dominated by trading in the German mark.

4.   They expected afternoon trading to be dominated by the release of US data, including industrial production and trade figures.