Thursday, July 07, 2005

Stock Markets Morning News 7/7/2005

U.S. stocks slide after London blasts

Reuters - U.S. stocks slid on Thursday after a series of fatal blasts ripped through London's transport network, stoking security concerns in financial markets.

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Stocks Fall on News of London Explosions

AP - Stocks fell Thursday in surprisingly calm trading after a series of explosions rocked London, killing at least 40 people and injuring more than 300. The selloff was not as heavy as the losses on European markets, but bond prices rose in response to the explosions, which Prime Minister Tony Blair labeled a terrorist attack.

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Stock markets, oil prices retreat following rush hour explosions in London

Canadian Press - TORONTO (CP) - Stock markets were off to a lower start Thursday morning as a series of explosions in the heart of London brought terrorism concerns into focus.

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Nasdaq and FTSE link up to launch indexes

Reuters - The Nasdaq Stock Market Inc. on Thursday launched four new indexes in collaboration with London-based stock index provider FTSE Group.

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FTSE, Europe shares tumble after blasts

Reuters - British shares tumbled over 3 percent and continental European shares reeled on Thursday after several explosions across London killed a number of people and spooked financial markets.

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Wall St seen sharply lower

Reuters - Unexplained explosions in the London underground network, and oil prices at fresh record levels, were likely to hammer U.S. equity markets when they open on Thursday.

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Dollar at 19-mth high vs pound

Reuters - The dollar hit a 19-month high against the pound on Thursday ahead of a Bank of England decision on interest rates and crept to an 11-month peak versus the yen as oil prices surged to another record high.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Salton gets NYSE delisting warning letter

Reuters - Salton Inc. , which makes the George Foreman grill, on Wednesday said it received a warning from the New York Stock Exchange that its shares may be delisted because of low market capitalization.

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Stocks climb, Wal-Mart ups consumer view

Reuters - U.S. stocks climbed on Tuesday, with strong June sales from Wal-Mart Stores Inc. driving blue chips and analysts' increases in earnings estimates for Apple Computer Inc. helping Nasdaq.

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