Wednesday, September 07, 2005

Stock Markets Morning News 9/7/2005

Stock futures inch lower after labor data

U.S. stock index futures inched lower on Wednesday, suggesting a slightly weaker market open, after a government report showed slower-than-expected business productivity and an uptick in a measure of inflation. Traders at the New York Stock Exchange in New York. (Seth Wenig/Reuters)Reuters - U.S. stock index futures inched lower on Wednesday, suggesting a slightly weaker market open, after a government report showed slower-than-expected business productivity and an uptick in a measure of inflation.


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Stocks Decline on Inflation Concerns

Broker Vincent Quinones, center, works the trading floor at the New York Stock Exchange  Tuesday, Sept.  6,  2005.  Wall Street rallied Tuesday as oil prices tumbled, the service sector reported strong growth, and investors embraced large-cap stocks such as Wal-Mart Stores Inc., Coca-Cola Co. and Home Depot Inc.  (AP Photo/David Karp)AP - Investors concerned about inflation pushed stocks lower Wednesday as the government reported higher labor costs amid decreasing productivity — a possible harbinger of continued interest rate hikes in an economy likely to slow considerably in the wake of Hurricane Katrina.


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C$ edges lower as Bank of Canada hikes rates; stocks look to open flat

A stock trader use his phone in front of the German Stock Index, DAX, display at the stock exchange in Frankfurt, Germany, Wednesday. The DAX during morning trading Wednesday for a short time crossed the 5,000 points level to set a new high for this year at 5,004.23. (AP Photo/Bernd Kammerer)Canadian Press - TORONTO (CP) - The Canadian dollar was down slightly after the Bank of Canada hiked interest rates Wednesday for the first time since last year.


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Dollar pauses as US rate clues awaited

Reuters - The dollar stabilised on Wednesday as investors sought clues on the U.S. interest rate outlook after the devastation wrought by Hurricane Katrina raised concerns about economic growth.

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Wednesday's Wall Street Glance

AP - Dow Jones Industrials

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Nikkei turns tail, ends down

Reuters - Tokyo's Nikkei share average fell 0.28 percent on Tuesday as investors cashed in steel makers such as JFE Holdings Inc. following a morning run that had pushed the benchmark above 12,700 for the first time since 2001.

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Katrina's Effect on Markets Is Uncertain

A military helicopter continues the process of dropping 3,000 pound sandbags into the break in the 17th Street drainage canal in Metarie, La.,  Sunday, Sept. 4, 2005.  The wall was damaged when Hurricane Katrina made landfall last Monday. (AP Photo/Steven Senne)AP - In the aftermath of Hurricane Katrina, investors trying to figure out where Wall Street is headed are likely to find it's an impossible task.


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NYSE member arrested in threat case

The facade of the New York Stock Exchange on Broad Street in Manhattan April 20, 2005, where it was announced that the NYSE plans to merge with Archipelago Holdings Inc. A New York Stock Exchange member has been arrested in connection with a telephone threat to a fellow member about the NYSE's deal to buy electronic trading company Archipelago Holdings Inc., New York police said on Monday.  (Mike Segar/Reuters)Reuters - A New York Stock Exchange member has been arrested in connection with a telephone threat to a fellow member about the NYSE's deal to buy electronic trading company Archipelago Holdings Inc. , New York police said on Monday.


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NYSE Member Arrested for Alleged Threat

AP - A member of the New York Stock Exchange was arrested Monday for allegedly threatening another member who sued to oppose the Big Board's takeover of electronic rival Archipelago Holdings Inc.

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Wall Street wants more competition as NYSE, Nasdaq prep mergers

Canadian Press - NEW YORK (AP) - Philadelphia has a stock exchange?

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