Monday, July 11, 2005

Stock Markets Morning News 7/11/2005

Stocks open higher as oil slides $1

Reuters - U.S. stocks opened higher on Monday, with a slide in oil prices and anticipation of a strong earnings week boosting investor interest in equities.

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Stocks Move Higher As Oil Prices Decline

AP - Stocks extended their advance Monday as oil prices fell more than $1 a barrel after Hurricane Dennis missed key Gulf of Mexico refineries and averted a disruption in fuel supplies.

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Dollar falls; trade data awaited

Reuters - The dollar fell from a recent 14-month high versus the euro and 19-month highs versus sterling on Monday after weak U.S. jobs data on Friday hurt the dollar's rally and investors waited for U.S. trade data later this week.

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Stock market signals mostly positive ahead of profit reports; oil prices ease

Canadian Press - TORONTO (CP) - With the quarterly earnings reporting season gaining steam, global indicators were mostly positive for North American stock markets Monday as oil prices eased.

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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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