Tuesday, July 12, 2005

Stock Markets Morning News 7/12/2005

Stocks slip as oil returns to $60

Reuters - U.S. stocks declined on Tuesday as oil prices climbed to $60 a barrel, taking the shine off better-than-expected earnings from soft-drink maker PepsiCo Inc. and biotechnology company Genentech Inc. .

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Dollar weakens as trade data awaited

Reuters - The dollar fell to three-week lows against the euro on Tuesday in partly technically-driven trade, as investors cautiously eyed U.S. trade data due on Wednesday, which could underscore external financing woes.

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Stocks Mixed in Directionless Trading

AP - Stocks were narrowly mixed Tuesday as investors looked past strong profits from PepsiCo Inc. and kept to the sidelines ahead of a raft of economic data and earnings reports in the coming days.

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C$ rises as Bank of Canada leaves rates unchanged, signals rise on the way

Canadian Press - TORONTO (CP) - The Canadian dollar moved up sharply Tuesday after the Bank of Canada left its key interest rate unchanged at 2.5 per cent.

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Stocks seen little changed as oil up

Reuters - U.S. stock futures pointed to a flat market open on Tuesday as oil prices inched up above $59 a barrel, failing to ease concerns about the impact of higher energy costs on corporate profits and consumer spending, as the earnings season gets under way.

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Wall St seen flat as oil up

Reuters - U.S. shares look set to open little changed on Tuesday as oil prices creep back above $59 a barrel, but Alcatel's optimistic update could add to bullish views on the forthcoming earnings season.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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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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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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