Monday, June 13, 2005

Stock Markets Afternoon News 6/13/2005

Shares climb on M. Stanley, United Tech

Reuters - U.S. stocks pushed ahead on Monday, with shares of Morgan Stanley advancing.

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Stocks Rise on Morgan Stanley News

AP - Stocks rebounded Monday as investors grew more confident ahead of key economic reports due later this week, and following the announcement that embattled Morgan Stanley CEO Phil Purcell would soon retire. But rising oil prices limited the gains.

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Stocks higher on hopes that data will indicate Fed rate hike intentions

Canadian Press - TORONTO (CP) - North American stock markets were moderately higher Monday afternoon as investors hope economic data coming out this week will bolster hopes that the U.S. Federal Reserve is coming to the end of its run of interest rate hikes.

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Dollar hits 9-month high on rate outlook

Reuters - The dollar jumped to a nine-month high against the euro on Monday, helped by interest rate differentials in the United States' favor and concern about the future of political integration in the euro zone.

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Stocks seen flat at open; GM, Boeing eyed

Reuters - U.S. stock futures pointed to a flat market open on Monday ahead of key inflation data to be reported this week that could offer clues about the future pace for interest rate hikes.

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Wall Street seen flat ahead of data

Reuters - Wall Street was expected to open little changed on Monday, with interest rate-wary investors likely to remain cautious ahead of this week's key economic reports on consumer and manufacturing prices.

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Investors Hoping Wall Street Extends Rally

AP - After a week of treading water on Wall Street, some investors may be wondering if the stock market can extend its spring rally into the summer.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Dollar rises after April U.S. trade data

Reuters - The dollar gained against the euro and yen on Friday, after a report showed a narrower-than-expected U.S. trade deficit in April and a revised improvement in the March shortfall.

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Instinet Rejects Third Avenue's Counterbid

AP - Instinet Group Inc. rejected a better counterbid by an investment advisory group for the company's brokerage arm, instead choosing to go forward with its merger with The Nasdaq Stock Market Inc. as planned.

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