Friday, July 22, 2005

Stock Markets Morning News 7/22/2005

Stocks flat; Microsoft down

Reuters - U.S. stocks were little changed on Friday, with news of a solid profit from oil-field services company Schlumberger Ltd. helping to offset a lackluster revenue outlook from software maker Microsoft Corp.

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Stocks Climb Despite Rising Oil Prices

AP - Stocks edged higher Friday despite a tepid earnings report from Microsoft Corp. and a rise in oil prices.

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Markets flat as Canadian inflation edges higher, retail sales disappoint

Canadian Press - TORONTO (CP) - North American stock markets were mostly flat Friday morning after two incidents on London's subway system rattled nerves, while investors weighed the possible impact of China's currency revaluation.

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Yen down as markets question yuan impact

Reuters - The yen fell against the dollar and euro on Friday, giving back almost half of its strong gains made the previous session when China abandoned the yuan's dollar peg in favor of a basket of currencies.

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NYSE submits Archipelago merger filing

USATODAY.com - The New York Stock Exchange sent a detailed description of its proposed merger with electronic exchange Archipelago to the Securities and Exchange Commission on Thursday. The draft proxy statement spells out the terms by which the world's largest stock market will acquire Archipelago.

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Stock futures indicate flat to lower open

Reuters - U.S. stock futures pointed to a flat-to-lower market open on Friday, with concerns about slowing sales for tech companies and questions about the long-term effect of China's move to revalue its currency prompting investors to pull back.

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Wall St set to slip on London shooting

Reuters - Wall Street looks set to slip on Friday, unsettled by news police have shot a man at an underground train station in London, while analysts see tech stocks subdued by a disappointing forecast from Microsoft Corp.

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European shares dip on new London alert

Reuters - European shares slipped on Friday after reports a man shot by police outside a London underground station was a suspected suicide bomber, a day after a second wave of bombs hit the British capital.

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Yuan move may benefit US stock investors

Reuters - China's decision on Thursday to drop its currency's peg to U.S. dollar and allow the yuan to appreciate may spell good news for U.S. stock investors who are in for the long-haul.

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Thursday's Wall Street Glance

AP - Dow Jones Industrials

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