Thursday, August 11, 2005

Stock Markets Morning News 8/11/2005

Stocks open slightly up after retail data

Reuters - U.S. stocks opened slightly higher on Thursday, after a report showed retail sales inched up in July, but a downgrade of technology bellwether Intel Corp. and oil at $65 a barrel may keep investors on guard.

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Stocks Rise As Investors Eye Oil Prices

Baidu.com founder Robin Li is interviewed as he arrives at Beijing airport Wednesday, Aug. 10, 2005. Li returned to Beijing after a successful initial public offering on the Nasdaq Stock exchange in New York Friday. The Chinese Internet search engine's stock soared to $122.54 Friday, a 354 percent gain from its initial public offering price of $27. (AP Photo)AP - Stocks rebounded Thursday as investors kept a close watch on oil prices and studied a new report showing a smaller-than-expected rise in retail sales.


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Stock market indicators mixed with crude oil prices above US$65 a barrel

Canadian Press - TORONTO (CP) - With crude oil costing more than $65 US a barrel, global indicators were mixed for North American stock markets early Thursday.

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Nikkei hits 4-year closing high, banks up

A man walks past an electronic board showing the Nikkei share average in Tokyo August 11, 2005. Japan's Nikkei share average rose 1.37 percent to its highest close since 2001 on Thursday as investors, inspired by data this week showing improved economic fundamentals, returned to the long-overlooked financial sector. (Issei Kato/Reuters)Reuters - Japan's Nikkei share average rose 1.37 percent to its highest close since 2001 on Thursday as investors, inspired by data this week showing improved economic fundamentals, returned to the long-overlooked financial sector.


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Yen climbs on flock to Tokyo shares

Reuters - The yen extended its winning streak against the dollar on Thursday, with foreign investors flocking to Tokyo shares and helping drive major indexes to four-year highs on optimism about growth in Japan.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Stocks set to edge up as Fed tops agenda

Reuters - Stocks were seen opening slightly higher on Tuesday, reversing some of the previous day's losses, with the focus on an expected hike in interest rates.

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Stocks drop on oil at record $64

Reuters - U.S. stocks slipped on Monday as crude oil climbed to a record $64 a barrel, stoking concerns about the impact of high energy costs on corporate profits and consumer spending, while worries about rising interest rates hurt shares of banks and home builders.

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Any lift to stocks from Fed short-lived

Reuters - A better-than-expected jobs report last week squashed hope the Federal Reserve will pause in its campaign to raise interest rates and took away a major catalyst for U.S. stocks in a historically weak month.

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European shares rise as techs rally

Reuters - European stocks gained on Monday, led by a rise in Nokia on a media report that Cisco Systems is considering buying the world's top mobile handset maker, while oil prices near record highs lifted Total.

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