ncb stockbrokers limited member of the irish stock exchange london authorised by financial services regulatory authority under act 1995 february 15 2005 equity research morning news & views desk 353 1 670 2233 611 5611 market update us stocks edged slightly higher yesterday as lack any real catalyst ahead economic reports coming out later this week left largely directionless verizon announced its formal agreement to acquire mci in a cash and deal valued at c 5 3bn earnings will be focus today 12 s&p 500 companies report results including qwest applied materials network appliance european ended flat there was some positive momentum for chipmakers on back taiwan semiconductor s reported rise sales fiat got bounce that dispute with gm resolved equities are likely german data zew index further signs things getting little bit better eurozone largest