Base Metal Stock Articles

Tech Talk for Friday July 21st 2023

21/07/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EDT.Today is the last trade day for July listed equity and index options. The Canadian Dollar slipped 0.05 to U.S.75.79 following release of May Canadian Retail Sales at 8:30 AM EDT. Consensus was an increase of 0.5% versus a downwardly revised 1.1% gain in April. Actual was an increase of 0.2%.Cap...Read More

Tech Talk for Thursday July 20th 2023

20/07/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points at 8:35 AM EDT.Index futures were unchanged following release of the July Philly Fed Manufacturing Index at 8:30 AM EDT. Consensus was an improvement to -9.7 from -13.7 in June. Actual was -13.5.Netflix dropped $39.44 to $438.15 after reporting less than consensus second quarter revenues. The company also of...Read More

Tech Talk for Wednesday July 19th 2023

19/07/2023 / Staff reporter

U.S. equity index futures were mixed this morning S&P 500 futures were unchanged at 8:35 AM EDT.Index futures were unchanged following release of U.S. June Housing Starts at 8:30 AM EDT. Consensus was a drop to 1,450,000 units from revised 1,559,000 units in May. Actual was a drop to 1.434,000 units.Interactive Brokers dropped $3.70 to $82.47 after reporting less than consensus second quarter...Read More

Tech Talk for Tuesday July 18th 2023

18/07/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points at 8:35 AM EDTIndex futures were unchanged following release of June U.S. Retail Sales at 8:30 AM EDT. Consensus was a gain of 0.2% versus a gain of 0.3% in May. Actual was a gain of 0.2%.The Canadian Dollar was unchanged at US75.82 cents following release of Canada's June Consumer Price Index at 8:30 AM EDT....Read More

Tech Talk for Monday July 17th 2023

17/07/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:35 AM EDT. Index futures were unchanged following release of the July Empire State manufacturing survey at 8:30 AM EDT. Consensus was unchanged versus a gain of 6.6 in June. Actual was a gain of 1.1.Pepsico slipped $2.21 to $186.00 after Morgan Stanley downgraded the stockState Street dropped $1.41 to $6...Read More

Tech Talk for Friday July 14th 2023

14/07/2023 / Staff reporter

offers an outlook on North American equity markets as a guest on "Wolf on Bay Street" available on Saturday at 7:00 PM EDT on Corus radio (Channel 640 in Toronto) Pre-opening Comments for Friday July 14thU.S. equity index futures were higher this morning. S&P 500 futures were up 7 points at 8:30 AM EDT. JP Morgan added $4.48 to $153.25 after reporting higher than consensus second quarter...Read More

Tech Talk for Thursday July 13th 2023

13/07/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EDT.S&P 500 futures were virtually unchanged following release of the U.S. June Producer Price Index at 8:30 AM EDT. Consensus called for an increase 0.2% versus a drop of-0.3% in May. Actual was an increase of 0.1%. Excluding food and energy, June Producer Price Index was expected to increase...Read More

Tech Talk for Wednesday July 12th 2023

12/07/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points at 8:35 AM EDT.S&P 500 futures jumped 22 points following release of the U.S. June Consumer Price Index at 8:30 AM EDT Consensus was an increase of 0.3% versus a gain of 0.1% in May. Actual was an increase of 0.2%. On a year-over-year basis, June CPI was expected to increase 3.1% versus a gain of 4.0% in...Read More

Tech Talk for Tuesday July 11th 2023

11/07/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:30 AM EDT.WD 40 added $7.95 to $201.75 after reporting higher than consensus fiscal third quarter earnings. Viridian Therapeutics dropped $4.56 to $19.96 after announcing a design change to its study for chronic eye disease therapy. Apple gained $0.75 to $189.36 after KeyBanc Capital raised its target pri...Read More

Tech Talk for Monday July 10th 2023

10/07/2023 / Staff reporter

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT. Meta Platform added $2.74 to $293.50 on news that subscriptions to its new product, Threads are nearing 100 million.Fisker dropped $0.35 to $5.65 after announcing plans to issue convertible notes valued at $340 million.Northern Trust slipped $0.67 to 473.65 after UBS downgraded the stock from Buy...Read More

Tech Talk for Friday July 7th 2023

07/07/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:35 AM EDT. Index futures moved lower following release for June Non-farm Payrolls at 8:30 AM EDT Consensus was an increase of 230,000 versus a gain of downwardly revised 306,000 in April. Actual was an increase of 209,000. June Unemployment Rate was expected to remain unchanged at 3.7% reported in May. A...Read More

Tech Talk for Thursday July 6th 2023

06/07/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 36 points at 8:35 AM EDT.S&P 500 futures dropped 8 points following release of the May U.S. Trade Report at 8:30 AM EDT. Consensus was a deficit of $69.80 billion versus a deficit of $74.60 billion in April. Actual was a deficit of $69.00 billion.June ISM Non-manufacturing ISM PMI is released at 10:00 AM EDT. Cons...Read More

Tech Talk for Wednesday July 5th 2023

05/07/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 23 points at 8:30 AM EDTUnited Parcel Services dropped $2.64 to $181.13 after labour negotiations met an impasse.Netflix added $3.08 to $444.52 after Goldman Sachs upgraded the stock from Sell to Neutral.Rivian added $1.28 to $20.84 after announcing a triple increase in second quarter production.  EquityClock's D...Read More

METALS-Gloomy demand outlook weighs on copper prices

Jul 4 2023 6:46AM / Reuters

(Updates prices as of 1629 GMT) By Pratima Desai LONDON, July 4 (Reuters) - Copper prices retreated onTuesday as weak manufacturing data indicated poor demandprospects, including from top consumer China, though fallinginventories suggested a tighter market.Benchmark copper on the London Metal Exchange (LME)traded 0.5% down at $8,356.5 a metric ton by 1629 GMT. Prices ofthe industrial metal hit a...Read More

Tech Talk for Monday July 3rd 2023

03/07/2023 / Staff reporter

Editor's Note: Next Tech Talk report will be released on Wednesday July 5th U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points at 8:30 AM EDT. Trading activity in U.S. equity markets is expected to be well below average prior to the July 4th holiday. Equity markets finish trading at 1:00 PM EDT.The Toronto Exchange is close today for a holiday.Disney slipped...Read More

Tech Talk for Friday June 30th 2023

30/06/2023 / Staff reporter

 Pre-opening Comments for Friday June 30thU.S. equity index futures were higher this morning. S&P 500 futures were up 28 points in pre-opening trade. S&P 500 futures gained 7 points following release of economic news at 8:30 AM EDT:May Core PCE Price Index was expected to increase 0.3% versus a gain of 0.4% in April. Actual was an increase of 0.3%. On a year-over-year basis, the Index...Read More

Tech Talk for Thursday June 29th 2023

29/06/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points at 8:35 AM EDT.Index futures added were unchanged following release of final first quarter annualized estimate for U.S. real GDP at 8:30 AM EDT. Consensus was an increase of 1.4% versus a gain of 2.6% in the fourth quarter of 2022. Actual was an increase of 2.0%.Major U.S Bank SPDRs $KBE added $0.43 to $36.00...Read More

Tech Talk for Wednesday June 28th 2023

28/06/2023 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDT.After the close yesterday Nvidia dropped $12.96 to $405.80 and Advanced Micro Devices plunged $3.08 to $107.31 on news that the Biden administration is considering a new ban on sales of Artificial Intelligence chips to China.Jefferies Financial slipped $0.30 to $31.64 after the company lowered...Read More

Tech Talk for Tuesday June 27th 2023

27/06/2023 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points at 8:35 AM EDT.Index futures added 5 points following release of May Durable Goods Orders at 8:35 AM EDT. Consensus was a drop 1.3% versus gain of 1.1% in April. Actual was an increase of 1.7%.The Canadian Dollar was unchanged at US76.02 cents following release of Canada's May Consumer Price Index on a year-ov...Read More

METALS-Copper escapes widespread declines across base metals

Jun 26 2023 7:18AM / Reuters

(Updates prices) By Polina Devitt LONDON, June 26 (Reuters) - Copper prices edged up onMonday as declining stocks in warehouses registered by theLondon Metal Exchange (LME) and rain-hit mining operations inChile offset a firm dollar and concerns about global economicgrowth. Benchmark copper on the LME was up 0.1% at $8,397.50a metric ton by 1550 GMT after the metal used in power andconstruction f...Read More

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