Hot Year for Mexican Stocks; Outlook Still Upbeat
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Mexico's stock market has had a solid run-up this year, far exceeding forecasts.
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U.S. stock futures inched higher on Tuesday, pointing to a higher market open, after strong profits from Tyco International Ltd.  and other companies boosted optimism about company profits, and a jump in oil prices pushed up shares of Exxon Mobil Corp. .
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MEXICO CITY - Stocks rose to a record high close Friday in a shortened session, as investors continued a four-month rally that has been fueled by expectations of economic growth and hefty corporate earnings.
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Stocks rose on Thursday, helped by an upbeat earnings outlook and favorable news in the biotech and pharmaceutical sectors, while economic data eased worries about a possible recession.
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Japan's Nikkei average is expected to extend gains on Thursday as investors keep a healthy appetite for blue-chip exporters after a fall in oil prices boosted confidence over the U.S. economy and lifted Wall Street stocks.
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Tokyo stocks posted strong rises by Friday afternoon as hopes for a seasonal year-end rally and the imminent inclusion of oil and gas developer INPEX Corp. into the TOPIX index, spurred buying in a wide range of stocks.
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TORONTO (CP) - North American stock markets appear poised for strong gains Friday in the fourth quarter&#39;s first day of trading as investors recover from drug company Merck &amp; Co.
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Stocks inched higher on Thursday, rebounding after a weak start to the new year, as a report showed the private sector added 40,000 jobs in December and agricultural company Monsanto Co.  raised its 2008 forecast.
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Stock futures edged higher on Thursday, boosted by takeover news, but investors were cautious before economic data that could give clues on the outlook for interest rates.
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Stock futures edged higher on Friday, helped by optimism about takeover activity and private equity deals.
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Despite a tough year, large-cap stocks managed moderate gains as a group.
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Asian stock markets had a strong, if volatile, year with China leading the pack as investors bet on the region's continued growth prospects.
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U.S. stocks should maintain their 3 1/2-year highs next week as they ring out 2004, helped by investor interest in large-cap stocks and a steady rebound in beaten-down drug companies.
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Mexico's economy expanded last year at its fastest pace since late 2000.
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Wall Street's top forecasters have some good news and bad news for 2008. Many think stocks will head higher but that unemployment will rise and the overall economy will slow.
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U.S. stocks should maintain their 3  1/2-year highs next week as they ring out 2004, helped by  investor interest in large-cap stocks and a steady rebound in  beaten-down drug companies.
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A healthy Latin American economy bodes well for the company.