MercoPress. South Atlantic News Agency

All eyes on Wall Street. Hot News.

This Monday all eyes will be set on the resumption of operations in Wall Street after the longest stoppage in history, following the terrorist attack and carnage in New York that left the world's financial heart in a state of shock and without communications on Tuesday 11th.

America's main stock exchange opening in the aftermath of the Twin Towers and Pentagon bombings will signal the rest of the world if American investors and brokers are recovering their confidence, and if the wave of patriotism swelling the country will translate into a bullish mood in the markets.

With the economy virtually flat and recession round the corner just before the terrorist attack, fears are that a further significant retraction of consumption could lead to a full recession in one of the worst possible moments.

However, US Congress determination to grant all the necessary funds to find and punish the perpetrators and whoever gives them shelter, the national fervor that has sprung with millions of flags, plus the Federal Reserve announcement it will supply all the necessary cash, and a possible further anticipated cut in interest rates should create a favorable scenario for the economy to begin rolling again.

Emerging countries, particularly from Latinamerica that much depend on foreign loans and investments will be waiting anxiously.

But whatever the message from Wall Street it will immediately spread and with possibly the same strength that the world condemned the act of war.

Americas support for USA

Members of the Organization of American States, OAS, will hold an extraordinary meeting this Wednesday to instrument the region's support to United States in fighting international terrorism.

Most possibly during the meeting members will decide to convene the Interamerican Reciprocal Assistance Treaty, TIAR, that considers an attack to any of its members as a direct aggression to all the signing members.

Brazil has already taken the initiative in the issue by holding a preparatory meeting in Brasilia of all 21 TIAR country member Ambassadors.

Overall Latinamerica is supporting President Bush's position that the terrorist bombings were an act of war, and although the region is not necessarily in condition to offer funds or weapons, it will help legitimize United States reprisals.

Even President Hugo Chávez from Venezuela, who is suspiciously considered a potential Fidel Castro, assured Mr. Bush his country will supply all the necessary oil if the United States is invo