Wednesday, July 13, 2005

Stock Markets Morning News 7/13/2005

Stocks gain, helped by trade data

Reuters - U.S. stocks opened higher on Wednesday after a government report showed the U.S. trade deficit for May narrowed unexpectedly, while International Business Machines Corp. rose after a brokerage upgrade.

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Stocks Move Higher on Trade Deficit Data

AP - Stocks moved modestly higher in early trading Wednesday as a strong trade report for May outweighed oil prices that remain near record highs.

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Stocks higher, C$ loses ground on mixed Canada-U.S. trade data

Canadian Press - TORONTO (CP) - Stock markets were off to a higher start Wednesday as investors mulled data showing a deterioration of Canada's trade surplus in May while the U.S. trade deficit showed improvement.

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Dollar recovers ground before trade data

Reuters - The dollar recovered from Tuesday's four-week low against the euro on Wednesday as selling ahead of U.S. trade data ebbed but analysts said the U.S. currency remained vulnerable to any increased trade deficit.

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Tuesday's Wall Street Glance

AP - Dow Jones Industrials

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Former NYSE seat holder accuses Thain, exchange of fraud over seat sale

Canadian Press - NEW YORK (AP) - A former New York Stock Exchange seat holder has accused Big Board chief executive John Thain of lying outright to her husband about the exchange's prospects for going public - a statement she said cost her at least $1 million US.

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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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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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