Stocks fall as oil up on Hurricane Rita
Stocks Decline on Hurricane Rita Fears
Stock markets mixed as hurricane Rita upgraded, oil prices surge
Canadian Press - TORONTO (CP) - The Toronto stock market was positive Wednesday morning as oil prices spiked almost $2 US a barrel on fears that energy production and refineries on the U.S. Gulf Coast could be in for another mauling.
Dollar tumbles on Rita fears
Reuters - The dollar lost about one percent versus the euro and Swiss franc on Wednesday, despite Tuesday's rise in U.S. interest rates, as markets feared a new hurricane could wreak as much damage in the United States as Katrina.
Nikkei hits new 4-yr high on banks
Reuters - The Nikkei share average rose 0.37 percent to a fresh four-year closing high on Wednesday as investors, bullish about Japan's recovery after land price data the day before, bought shares in property developers and banks.
Tuesday's Wall Street Glance
AP - Dow Jones Industrials
New $5B energy trust to be formed by merger of Acclaim Energy and StarPoint
Canadian Press - CALGARY (CP) - StarPoint Energy Trust's short but aggressive life will draw to a close as it announced plans Monday to merge with Acclaim Energy Trust, forming Canada's third-largest conventional oilpatch trust with an enterprise value of more than $5 billion.
Sirius rises, ViaCell falls before open
Reuters - Shares of Sirius Satellite Radio Inc. rose 0.71 percent before the opening bell on Monday after it raised its 2005 full year revenue forecast, and said it expects strong revenue growth in 2006.
Wall Street seen lower as oil climbs
Reuters - Shares on Wall Street are expected to open lower as oil prices climbed more than 1 percent as a new storm appeared to be headed for the U.S. Gulf Coast.
Wall Street Casts Wary Eye on the Fed
AP - Wall Street will be focused this week on the Federal Reserve and whether policymakers will raise interest rates an 11th consecutive time, a move that could cause investors to pull back amid greater uncertainty about economic growth in Hurricane Katrina's aftermath.
No comments:
Post a Comment