(Updates prices) By Eric Onstad LONDON, Feb 28 (Reuters) - Copper prices extended arebound on Tuesday as speculators adjusted positions on hopesfor a demand revival in top metals consumer China. Benchmark copper on the London Metal Exchange (LME)climbed 1.9% to $8,965.50 a tonne by 1700 GMT after gaining 1%on Monday. The contract, however, was down 2.7% on a monthly basis forits first such declin...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade.The Canadian Dollar dipped 0.11 to US73.61 cents following release of Canada's Gross Domestic Product report at 8:30 AM EST. Consensus for December was an increase of 0.1% versus a gain of 0.1% in November. Actual was a drop of 0.1%. Consensus for GDP growth in 2022 was an increase of 2.7%...Read More
(Updates prices) By Pratima Desai LONDON, Feb 27 (Reuters) - Copper rose on Monday as thedollar weakened, but prices remained close to seven-week lowsdue to a lack of evidence of a healthier demand outlook in topconsumer China ahead of key data on the country's manufacturingsector. While the dollar fell, it was still hovering near seven-weekhighs against other major currencies on expectations tha...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening comments.Index futures were virtually unchanged following release of the January Durable Goods Order report at 8:30 AM EST. Consensus was a drop of 4.0% versus a gain of 5.6% in December. Actual was a drop of 4.5%. Excluding Transportation Orders, January Durable Goods Orders increased 0.7%.Sea...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 48 points in pre-opening trade.S&P 500 Index futures dropped 20 points following release of economic news at 8:30 AM EST:January Personal Income was expected to increase 0.9% versus a gain of 0.2% in December. Actual was an increase of 0.6%. January Personal Spending was expected to increase 1.3% versus a drop of...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade. Index futures moved lower following release of second estimate of fourth quarter real GDP at 8:30 AM EST. Consensus was unchanged at an annual growth rate of 2.9%. Actual was growth at 2.7%.NVidia advanced $18.06 to $225.60 after reporting higher than consensus fourth quarter earnings. M...Read More
(Corrects to remove $1.4 bln capital expenditure figure fortailings dam work and makes clear when details will be releasedin paragraph 11) * AngloGold Ashanti to suspend Brazil plant * Production likely to fall, miner says * 2022 costs under control despite inflation * Shares down 7% By Helen Reid and Nelson Banya Feb 22 (Reuters) - AngloGold Ashanti has noplans to make acquisitions or t...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.TJX companies added $0.39 to $79.21 after reporting higher than consensus fourth quarter revenues.Rio Tinto dropped $0.38 to $75.00 after reporting less than consensus fourth quarter earnings.Walmart slipped $0.18 to $147.15 after JP Morgan lowered its target price from $155 to $150.Shopif...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 35 points in pre-opening trade. The Canadian Dollar was virtually unchanged at US. 74.19 cents following release of Canadian economic news at 8:30 AM EST.January Canadian Consumer Price Index on a year-over-year basis was expected to increase 6.1% versus 6.3% in December. Actual was an increase of 5.9%.December Canadi...Read More
Next report will be offered on Tuesday February 21st. Monday is a holiday (Family Day in Canada and Presidents Day in the U.S.)Pre-opening Comments for Friday February 17thU.S. equity index futures were lower this morning. S&P 500 futures were down 27 points in pre-opening trade.Door Dash advanced $3.62 to $70.51 after reporting higher than consensus fourth quarter earnings. Moderna dropped $8...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 36 points in pre-opening trade. Equity index futures moved lower following release of the Producer Price reports and the Philly Fed report released at 8:30 AM EST. January Producer Price Index was expected to increase 0.4% versus a drop of 0.5% in December. Actual was an increase of 0.7%. On a year-over-year basis, Ja...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade.U.S. equity index futures were unchanged following release of January Retail Sales at 8:30 AM EST. Consensus was an increase of 2.0% versus a drop of 1.1% in December. Actual was.an increase of 3.0%. Excluding auto sales, consensus was an increase of 0.9% versus a drop of 1.1% in Decembe...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade.Index futures moved lower following release of the January Consumer Price Index at 8:30 AM EST. Consensus was an increase of 0.4% versus a decline of 0.1% in December. Actual was an increase of 0.5%. On a year-over-year basis, consensus was an increase of 6.2% versus a gain of 6.5% in Decembe...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. Caterpillar dropped $3.37 to $244.30 after Baird downgraded the stock from Outperform to Neutral. Check Point Software added $6.02 to $133.18 after reporting higher than consensus quarterly results.Five Below gained $2.46 to $204.10 after Roth MKM upgraded the stock from Neutral to Buy. &...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points in pre-opening trade.The Canadian Dollar added US0.30 to 74.73 cents after release of Canada's January employment report at 8:30 AM EST. Consensus was an increase of 15,000 versus a gain of 104,000 in December. Actual was an increase of 150,000. Consensus for the January Unemployment Rate was an increase to...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 27 points in pre-opening trade.Walt Disney gained $6.03 to $117.81 after reporting higher than consensus fiscal first quarter revenues and earnings. The company also announced a planned reduction in employees.MGM International added $2.25 to $43.68 after reporting higher than consensus fourth quarter results.Affirm dro...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 19 points in pre-opening trade. Enphase advanced $16.35 to $244.81 after reporting higher than consensus fourth quarter earnings. The company also offered positive guidance.Prudential Financial dropped $2.81 to $99.99 after reporting a fourth quarter loss.Chipotle fell $76.86 to $1,646.00 after reporting lower than co...Read More
Platinum ETN $PPLT moved below intermediate support at $90.10. Trader's CornerEquity Indices and Related ETFsDaily Seasonal/Technical Equity Trends for Feb.6th 2023Green: Increase from previous dayRed: Decrease from previous day CommoditiesDaily Seasonal/Technical Commodities Trends for Feb.6th 2023Green: Increase from previous dayRed: Decrease from previous day SectorsDaily Seasona...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points in pre-opening trade. Tyson Foods dropped $3.53 to $60.50 after the company reported less than consensus fiscal first quarter revenues and earnings. Energizer dropped $1.86 to $35.39 after reporting less than consensus fiscal first quarter revenues and earnings. Newmont dropped $3.16 to $66.70 after announci...Read More
U.S. futures were lower this morning. S&P 500 futures were down 44 points at 8:35 AM EST.January Non-farm Payrolls released at 8:30 AM EST was expected to increase 185,000 versus a gain of 223,000 in December. Actual was a gain of 517,000. January Unemployment Rate was expected to increase to 3.6% from 3.5% in December. Actual was a drop to 3.4%. January Average Hourly Earnings were expected t...Read More