Monday, July 11, 2005

Stock Markets Afternoon News 7/11/2005

Stocks up as oil slips; earnings awaited

Reuters - U.S. stocks gained on Monday, led by technology shares, as investors grew more bullish about the upcoming earnings season, while a further dip in oil prices from last week's record high helped boost shares.

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Stocks Rise on News of Corporate Deals

AP - Stocks extended their advance Monday on news of dropping oil prices and a bevy of corporate mergers.

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Stocks rise on news of corporate deals and oil price declines

Canadian Press - TORONTO (CP) - North American stock markets moved higher Monday afternoon as oil prices fell for a third straight session while investors applauded merger and acquisition news and looked forward to second-quarter corporate earnings.

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Dollar falls broadly, trade data in view

Reuters - The dollar fell across the board on Monday in partly technically-driven trade as markets looked cautiously ahead to U.S. May trade data later this week.

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Stock futures aim slightly higher

Reuters - U.S. stock futures pointed toward a flat to slightly higher open on Monday, with investors heartened by a dip in the price of oil and anticipating robust earnings from U.S. companies.

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Wall Street Eager for Earnings Season

AP - All the talk about economic growth, inflation, oil prices and interest rates can send the markets scurrying in any direction. But when it comes to stocks, there's no better indicator of performance than earnings. Second-quarter earnings season begins in earnest this week.

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Japan stocks gain after job data boosts

Reuters - Japan's Nikkei average rose 1.06 percent by midsession on Monday as healthy gains on Wall Street, inspired by modest U.S. job creation, encouraged investors to buy Toyota Motor Corp. and other blue chips.

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Friday's Wall Street Glance

AP - Dow Jones Industrials

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Wall St seen inching up on Alcoa

Reuters - Wall Street geared for a firmer opening on Friday as pleasing earnings from blue chip Alcoa offsets oil prices back above $61 a barrel, but investors will stay cautious ahead of U.S. employment data.

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Europe shares hit by blasts, end off lows

Reuters - Deadly blasts across London rocked European financial markets on Thursday, wiping tens of billions of euros in value from equity markets and knocking British shares to their biggest one-day loss in a year.

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