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Agenda

Agenda. U.S. Economic News International News Geopolitical Influence Market Reaction Where to invest?. U.S. Economic News. Dollar hit a four-year low of $1.10 against the euro Revised 4 th Quarter Numbers Positive GDP - 1.4%(from 0.7%) Productivity = 0.8% (from 0.02)

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Agenda

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  1. Agenda • U.S. Economic News • International News • Geopolitical Influence • Market Reaction • Where to invest? MPSIF Market Update - 3/10/03

  2. U.S. Economic News • Dollar hit a four-year low of $1.10 against the euro • Revised 4th Quarter Numbers Positive GDP - 1.4%(from 0.7%) Productivity = 0.8% (from 0.02) • Real consumer spending fell by 0.3% in January • ISM (50.5) & Negative Beige Book Report • Negative Employment Report – Rate cut more likely MPSIF Market Update - 3/10/03

  3. International Economic News • Euro Area • Unemployment rose to 8.6% in January • Retail sales fell by an unexpectedly large 1.9% in the year to December. • Continued Problems in Germany • ECB Cuts rate by ¼ % versus ½ % expectation • Japan • Japan's jobless rate rose to 5.5% in January • Core inflation rate drops for 40th consecutive month MPSIF Market Update - 3/10/03

  4. Geopolitical Influence • Another Deadline for Saddam (March 17th) • Terrorism • Oil Prices MPSIF Market Update - 3/10/03

  5. Market Reaction DJIA Nasqaq S&P 500 MPSIF Market Update - 3/10/03

  6. Where to Invest • Sectors prone for a rebound • Manufacturing? • Basic Materials? • Technology? • Sectors on Decline • Housing Sector? • Retail? MPSIF Market Update - 3/10/03

  7. It could be you one day MPSIF Market Update - 3/10/03

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