U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Eli Lilly slipped $1.50 to $311.04 on news that its proposed drug aimed at preventing Alzheimer failed to slow down cognitive declineAmerican Express gained $3.09 to $177.86 after the company announced a 15% increase in its dividend. JD.com dropped $1.64 to $45.23 after reporting less th...Read More
(Corrects spelling of Rag in the last paragraph) By Divya Rajagopal TORONTO, March 8 (Reuters) - BHP Group Ltd onWednesday said it remains committed to growing its portfolio ofcopper and nickel projects but is not interested in the lithiummarket, which it believes is well supplied. The comments echo those the world's largest mining companymade in the past year and come as lithium prices have been...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade. January U.S. Trade released at 8:30 AM EST was expected to increase to a deficit of $69.00 billion from a deficit of $67.40 billion in December. Actual was a deficit of $68.3 billionFederal Reserve Chairman Powell testifies on monetary policy in front of a House Committee at 10:00 AM EST....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Traders are waiting for testimony on U.S. monetary policy in front of the U.S. Senate Banking Committee by Federal Reserve Chairman Jerome Powell starting at 10:00 AM EST. Dick's Sporting Goods added $6.66 to $138.80 after reporting higher than consensus fourth quarter revenues and earnin...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Apple added $1.83 to $152.86 after Goldman Sachs initiated coverage with a Buy rating. Target price is $199.KB Homes dropped $0.50 to $35.26 after JP Morgan dropped its rating from Overweight to Underweight.DR Horton dropped $1.63 to $91.15 after JP Morgan downgraded the stock from Overwei...Read More
(Updates prices) LONDON, March 3 (Reuters) - Copper prices on Fridayheaded for their biggest weekly gain since early January asstrong economic data in top consumer China raised demand hopes.Benchmark copper on the London Metal Exchange (LME)was roughly unchanged at $8,956.50 a tonne at 1717 GMT and uparound 2.8% for the week.Prices hit a seven-month high of $9,550.50 in January butstalled amid sl...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Trader interest is expected to focus on response to of the February ISM Non-manufacturing Purchase Managers Index released at 10:00 AM EST. Consensus calls for a drop to 54.5 from 55.2 in January.Costco dropped $9.75 to $475.94 after the company reported less than consensus quarterly rev...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 17 points in pre-opening trade.Salesforce.com, A Dow Jones Industrial Average stock jumped $24.20 to $191.55 after the company offered positive guidance. In addition the company announced a $20 billion stock buyback program.Splunk, a NASDAQ 100 stock dropped $3.48 to $99.00 despite reporting higher than consensus four...Read More
(Updates prices) LONDON, March 1 (Reuters) - Prices of copper and otherindustrial metals rose on Wednesday after data from China, thebiggest metals consumer, showed manufacturing activity rose inFebruary at the fastest pace in more than a decade. Also lifting metals was a fall in the value of the dollar,including against China's yuan, making dollar-priced metals moreaffordable for buyers holding...Read More
U.S. equity indices were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Economic focus today is on the February ISM Manufacturing Purchase Managers Index released at 10:00 AM EST. Consensus calls for an increase in the Index to 48.0 from 47.4 in January.The Shanghai Composite Index added 32.74 to an eight month high at 3,312.35 following release of a positive PMI repo...Read More
(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