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European Stocks at New 2-1/2 Year Highs
Reuters - European shares hit new 2-1/2 year highs
on Friday, with British Airways up 1 percent after it raised
its revenue outlook and beat forecasts, and with the market
focusing on U.S. employment data due later in the day.
Grasso's Pay Was Benchmarked to Top CEOs
Reuters - The multimillion-dollar compensation
package of former New York Stock Exchange chairman Richard
Grasso was calculated in part using an average of the
compensation of some of the most highly compensated chief
executives in the United States.
Wall Street Has Best Week of 2005
AP - Investors found some reassurance in weak job growth figures, and sent stocks sharply higher on a bet that the numbers will prompt Federal Reserve to be less aggressive in raising interest rates. The Dow Jones industrials climbed more than 120 points as Wall Street had its best week of 2005.
Dollar Hits 3-Month High Vs Euro After G7
Reuters - The dollar hit a three-month high against
the euro and closed in on a one-month peak versus the yen on
Monday after China told the world's richest nations that it was
committed to revaluing its currency but would not do so soon.
EDS Stock Facing Pressure
AP - Electronic Data Systems Corp. returned to profitability to close out 2004, but the technology consultant reported weak revenues and warned that earnings this year will be far more meager than expected.
Hewlett Sends European Stocks Higher
Reuters - European share indexes clawed their way
to fresh 31-month highs on Wednesday, buoyed by a batch of
mostly solid earnings and renewed interest in media stocks and
a jump for Hewlett-Packard Co. shares.
Nikkei Edges Towards 7-Month Closing High
Reuters - Tokyo's Nikkei was up 0.7 percent by late
trade on Thursday as brokerages ISECU.rallied over 3.5 percent
on news of a possible merger between Daiwa Securities Group and
Sumitomo Mitsui Financial Group
Dell Sales Rise but Profit Slips on Charge
AP - Dell Inc. set a record for sales and topped Wall Street's earnings expectations in the fourth quarter, but the personal computer juggernaut indicated that revenue for early 2005 could fall short of analysts' predictions.
Toronto stock market outperforms NY thanks to booming resource sector
Canadian Press - TORONTO (CP) - The Toronto stock market continues on a roll thanks to a resource sector that just won't quit while U.S. indexes are flat at best.
Nikkei Poised for 7-Mth High on Techs
Reuters - Tokyo's Nikkei share average rose 0.88
percent in morning trading on Monday and was poised to hit a 7-
European Shares Open Steady
Reuters - European share indexes opened steady
near 32-month highs on Tuesday, mirroring a flat performance
from U.S. blue chips overnight, but home appliance maker
Electrolux jumped as results topped forecasts.
Dow Closes Up 46; Nasdaq Gains 6
AP - Investors cautiously bid stocks higher Tuesday, pleased by growth in retail sales but wary about Federal Reserve Chairman Alan Greenspan's congressional testimony starting Wednesday. The Dow Jones industrials and Standard & Poor's 500 index reached new 2005 highs.
Dollar Supported After Greenspan Speaks
Reuters - The dollar traded in narrow ranges on
Thursday as the market gave a muted reaction to Federal Reserve
Chairman Alan Greenspan's indication the previous day that U.S.
interest rates would continue to rise.
Nikkei Edges Higher as JT Shoots Up
Reuters - Tokyo's Nikkei average edged up 0.25
percent by midsession on Friday, as gains in stocks with good
earnings prospects offset falls in some techs such as Tokyo
Electron Ltd. following a drop by their U.S. peers.
TSX poised to advance on commodities while N.Y. struggles to find traction
Canadian Press - TORONTO (CP) - Stock markets may be in for another week of lopsided action as Toronto's TSX continues to shine while New York indexes remain rangebound as investors worry about American inflation and interest rates.
Tokyo Stocks End Unchanged
Reuters - Japanese stocks closed virtually
unchanged on Monday as drops in several tech shares canceled
out gains in drug makers following reports that Sankyo Co. and
Daiichi Pharmaceutical Co. plan to merge.
Repsol Leads European Stocks Lower
Reuters - European shares dipped on Tuesday as
Spanish oil major Repsol fell heavily after reporting results
well short of forecasts due to a big exceptional charge.
Dow Sees Biggest Point Drop Since Mid-2003
AP - A nearly 6 percent spike in crude oil prices sent stocks plunging Tuesday, as investors already concerned about rising prices and inflation envisioned a repeat of last summer's selloff on Wall Street. The Dow Jones industrial average dropped 174 points, its biggest point drop since mid-2003.
Nikkei Share Average Rises
Reuters - The Nikkei share average rose 0.39
percent by late trade on Thursday, gaining for the first time
in four days as higher metal prices lifted Toho Zinc Co., and
as earnings optimism helped steel makers bounce higher.
Tokyo's Nikkei Average Rises 1.2 Percent
Reuters - Tokyo's Nikkei average rose 1.2 percent
by mid-afternoon on Friday as semiconductor stocks such as
Advantest Corp. followed U.S. peers' strong lead while buyers
also chased firms expected to pay higher dividends.
TSX set for further commodity-based gains despite lifting of foreign cap
Canadian Press - TORONTO (CP) - The Toronto stock market looks set for more gains on the back of the commodities sector with analysts believing the lifting of foreign content restrictions on investments for retirement income won't make a difference to TSX performance.
Yen Jumps on Strong Japan Output Data
Reuters - The yen jumped against the dollar and the
euro on Monday after data showed Japanese industrial output
posted stronger growth than expected in January, suggesting the
economy may be pulling out of last year's slump.
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