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Dollar Hugs Ranges Ahead of Jobs Report
Reuters - The dollar held near a five-month high
against the yen on Friday and shuffled in a narrow range
against the euro before widely tracked jobs data that could
shed light on the health of the U.S. economy.
Energy stocks set to take TSX higher, N.Y. will be held back by higher oil price
Canadian Press - TORONTO (CP) - The Toronto stock market's main index is up and running higher again as the energy sector gets a lift from oil prices on the move towards last month's record highs.
Stocks Set to Open Lower on Oil Prices
AP - U.S. stock futures are trading lower Monday on continued oil-price pressure, with the Nymex May crude contract almost hitting $58 a barrel.
Dollar Hits Highs Vs Yen on Fed Outlook
Reuters - The dollar rose to a five-month high
against the yen and a two-month peak versus the euro on Tuesday
on expectations U.S. interest rates will keep rising and rates
of rival currencies won't change soon.
Dollar Rally Falters After Hitting Peaks
Reuters - The dollar's rally stalled on Wednesday
as investors and traders locked in gains after the currency hit
a five-month high against the yen and a two-month peak versus
the euro the previous day.
Dollar Slips Ahead of U.S. Trade Data
Reuters - The dollar slipped against the yen on
Thursday as some investors started to wonder whether upcoming
trade figures would bring an end to the U.S. currency's rally
on expectations of higher American interest rates.
Dollar Closer to 2-Month High Vs Euro
Reuters - The dollar climbed toward a two-month
peak against the euro on Friday on expectations that U.S.
interest rates and the dollar's rate advantage over other
currencies will keep increasing.
Week of Gains Ends With Profit-Taking
AP - Investors locked in profits after a week of gains Friday, sending stocks lower even as oil prices fell for a fifth straight day and two big cable operators reportedly agreed to bid for bankrupt Adelphia Communications Corp.
Earnings Season Gets Under Way This Week
AP - Although oil prices dropped sharply last week, Wall Street will be eyeing the first wave of corporate earnings reports to see whether climbing energy prices are sapping strength from corporate America.
Stocks Set to Open Up, With Eye on Ford
AP - U.S. stock futures are trading higher Monday after stocks retreated Friday on General Motors' downgrade. Ford Motor Co.'s stock will be eyed throughout the day after that auto giant cut its 2005 earnings outlook late Friday.
Dollar on Defensive Before Trade Data
Reuters - The dollar fell to an 11-day low against
the yen and lost ground against the euro on Tuesday, before
U.S. trade figures that are forecast to show the country's
second-biggest deficit on record.
Dollar Firmer, Defies U.S. Trade Gap
Reuters - The dollar held firm on Wednesday after
rallying the prior session despite the U.S. trade deficit
swelling to a new record, with some traders and analysts saying
the market had already braced for a bad number.
Dollar shrugs off weak U.S. data
Reuters - The dollar sat tight on Thursday as
investors shrugged off another bout of soft U.S. economic data
but hesitated to make big bets until a clear direction emerged
in the market.
Dollar Holds Firm Ahead of US Flows Data
Reuters - The dollar sat tight on Friday, off
two-month highs hit versus the euro and the Swiss franc the
previous day, as the market awaited data that will show if the
United States is covering its huge current account deficit.
Earnings, Inflation Reports Eyed
Reuters - Earnings from big companies like Intel
Corp. and Pfizer Inc. , as well as key
inflation reports, will help determine whether stocks will
continue to skid lower or bounce back this week.
European Shares at 2-1/2 Month Lows
Reuters - European shares fell sharply on Monday
after big losses on Wall Street as earnings jitters and weak
economic data took its toll.
Lone Star Net Income Flat, Sales Rise
AP - Lone Star Steakhouse & Saloon Inc.'s first quarter net income fell less than 1 percent as sales increased nearly 3 percent.
Dollar Slips to 1-Month Low Versus Euro
Reuters - The dollar slipped to a one-month low
against the euro on Wednesday after U.S. inflation data cooled
expectations that the Federal Reserve would raise interest
rates at a faster pace.
Dollar Slips to 1-Month Low Vs Euro
Reuters - The dollar extended a week-long slide on
Thursday, dipping to a one-month low against the euro after a
jump in U.S. consumer prices fueled worries about U.S.
consumption and economic growth.
Dollar Extends Gains U.S. Factory Data
Reuters - The dollar rose against the euro on
Friday, building on the previous day's gains after regional
factory data and a rebound in U.S. stock prices cast doubt on
predictions for a slowdown in the U.S. economy.
WSJ: Langone Making NYSE, Archipelago Bid
Reuters - Wall Street financier Kenneth Langone
is attempting to mount a rival bid to buy the New York Stock
Exchange and Archipelago Holdings Inc. , an
electronic-trading company that plans to merge with the Big
Board, the Wall Street Journal reported on Sunday.
Dollar Claws Up from 1-Month Low Vs Yen
Reuters - The dollar clawed up from a one-month low
against the yen on Monday after weekend comments from Chinese
officials clouded the outlook for when the country would loosen
the yuan's tight peg to the U.S. currency. The dollar fell
early against the Japanese currency after the deputy chief of
China's foreign exchange regulator, Wei Benhua, said on Sunday
the country would 'positively but prudently' speed up the
reform of its currency peg.
Yen Near Highs on Bets for Yuan Revalue
Reuters - The yen hovered near a two-month high
against the euro and a one-month peak versus the dollar on
Tuesday due to intense speculation China could soon revalue the
yuan, a move expected to spark a rally in Asian currencies.
XL Capital First-Quarter Net Income Falls
AP - XL Capital Ltd.'s first-quarter net income fell 2 percent as costs outpaced an increase in revenue and underwriting profit slumped in its two largest segments.
Yen Recovers Losses Made on Weak Data
Reuters - The yen eased on Thursday after
disappointing Japanese data suggested the country needed more
time to get its economic recovery back on track, though the
currency soon recovered its losses on buying ahead of a market
holiday.
Dollar Weakens as GDP Rattles Investors
Reuters - The dollar dropped against the euro
and yen on Friday as the market focused on the possibility of
U.S. assets being sold after weaker-than-expected economic
growth in the United States.
Toys "R" Us reports improved results for fourth quarter as sale approaches
Canadian Press - NEWARK, N.J. (AP) - Toys 'R' Us Inc., which expects to be sold by the end of July to a private consortium, on Friday released its delayed financial results, showing that its profit surged 67 per cent during its fourth quarter, which includes the critical December holidays for the second-largest U.S. toy seller.
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