Tuesday, October 18, 2005

Stock Markets Morning News 10/18/2005

Stocks slip on inflation data

Reuters - U.S. stocks slipped on Tuesday after a report showed an inflation measure last month rose faster than expected, raising concerns about interest rates, but strong earnings from companies, including IBM, helped to limit losses.

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NYSE Members Polled on Archipelago Deal

AP - An anonymous group of New York Stock Exchange members has commissioned a survey that seeks to gauge seatholder interest in alternatives to the exchange's planned acquisition of Archipelago Holdings Inc.

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Inflation Worries Push Stocks Lower

The Wall Street Journal Europe editor Raju Narisetti, right, Penelope Muse Abernathy, The Wall Street Journal senior vice president international and development, center, and Jon Housman, managing director The Wall Street Journal check the first paper printed as a compact version at the WSJ printing-office in Brussels, Sunday, Oct. 16, 2005. (AP Photo/Geert Vanden Wijngaert)AP - A sharp jump in wholesale prices raised new inflation fears on Wall Street Tuesday, sending stocks modestly lower despite strong profit reports from a number of Dow Jones industrials.


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Canadian dollar rises as Bank of Canada boosts rates; stocks to open flat

Canadian Press - TORONTO (CP) - The Canadian dollar rose Tuesday as the Bank of Canada hiked interest rates by a quarter-point for a second time this year, sending its key rate to three per cent in an attempt to head off inflation.

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Wall Street seen up amid earnings flood

Reuters - Earnings from blue chips such as Intel and Johnson & Johnson will drive sentiment on Wall Street on Tuesday, with investors also hoping for soft producer price data to quell their inflation fears.

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Monday's Wall Street Glance

AP - Dow Jones Industrials

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U.S. stocks set to start lower as oil jumps to $64

Reuters - U.S. stock-index futures pointed to a weaker opening on Wall Street on Monday as oil prices rose more than 2 percent to $64 a barrel.

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WSJ Debuts Tabloid Format in Europe, Asia

AP - The Wall Street Journal debuted a smaller, tabloid format for its European and Asian newspapers Monday, saying the changes would make its articles more accessible to readers.

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Asian Wall Street Journal Changes Name

AP - The Asian Wall Street Journal scrapped its broadsheet printing style and tweaked its name Monday as it rolled out a new paper with a smaller tabloid format called "The Wall Street Journal Asia."

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Wall Street Eagerly Awaits Earnings Season

AP - Wall Street is hoping that this week's cascade of corporate earnings reports will help the markets overcome an October scare prompted by increasing concerns that economic growth could skid to a halt.

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