U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.Newmont Mining slipped $1.68 to $49.71 after reporting lower than consensus second quarter revenues and earnings. Meta Platforms added $0.86 to $170.13 despite a reduction in target price by Mizuho from $325 to $250. Amazon added $1.03 to $123.45 despite a reduction in target price by Opp...Read More
Equity Index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US 77.76 cents following release of Canada's May Retail Sales report at 8:30 AM EDT. Consensus was an increase of 1.6% versus a revised gain of 0.7% in April. Actual was an increase of 2.2%. Excluding auto sales, consensus was an increase of 1.8%...Read More
U.S equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade. The Euro moved higher following news that the European Central Bank raised its base rate by 0.50%.Index futures were virtually unchanged following release of the July Philly Fed report at 8:30 AM EDT. Consensus was a gain of 1.6 versus a decline of 3.3 in June. Actual was.a drop of 12.3.Te...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 10 points in pre-opening trade. The Canadian Dollar was virtually unchanged at US 77.64 cents following release of Canada's June Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 1.0% versus a gain of 1.4% In May. Actual was an increase of 0.7%. Year-over-year consensus was an increase of 8.4% versus 7...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points in pre-opening trade. Index futures were virtually unchanged following release of the June U.S. housing starts report at 8:30 AM EDT. Consensus was an increase to 1.585 million units from 1.549 million units in May. Actual was an increase of 1.559 million units.IBM dropped $5.97 to $132.16 despite reporting h...Read More
(Updates prices) By Eric Onstad LONDON, July 18 (Reuters) - Copper and other industrialmetals prices bounced on Monday as bearish investors bought backpositions following news about government support for theeconomy in top metals consumer China, with further supportcoming from a weaker dollar. Three-month copper on the London Metal Exchange(LME) had gained 3.3% to $7,427 a tonne by 1615 GMT, rebou...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points in pre-opening trade. Goldman Sachs advanced $9.42 to $303.29 after reporting higher than consensus second quarter results. The company also increased its dividend by 255.Bank of America slipped $0.12 to $32.13 after reporting less than consensus second quarter earnings. Boeing added $6.19 to $153.93 after De...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Index futures were slightly lower following release of economic news at 8:30 AM EDT. Consensus for the July Empire State Manufacturing Survey was a drop of 1.25% versus a decline of 1.20 in June. Actual was an increase to 11.1. Consensus for June U.S. Retail Sales was an increase of 0.8% ver...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 50 points in pre-opening trade.Index futures were virtually unchanged after release of the June CPI report at 8:30 AM EDT. Consensus was an increase 0.8% versus a gain of 0.8% in May. Actual was an increase of 1.1%. Year-over-year, June PPI was expected to increase 10.8% versus a gain of 10.8% in May. Actual was a gai...Read More
U.S. equity index futures were higher this morning. S&P 500 futures down 55 points in pre-opening trade.U.S. equity index futures moved lower following release of the U.S. June Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 1.1% versus a gain of 1.0% in May. Actual was an increase of 1.3%. On a year-over-year basis, consensus was an increase of 8.8% versus a gain of 8.6% in...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade. Gap Stores dropped $0.30 to $8.46 after the company's Chief Executive Officer stepped down. The company also lowered second quarter guidance. Wells Fargo lowered its target price from $16 to $10.Pepsico added $1.32 to $171.79 after reporting higher than consensus second quarter revenues...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points in pre-opening trade. Index futures responded to news of more shutdowns in China due to a spread of a COVID 19 variant. Twitter dropped $1.98 to $34.883 after Elon Musk terminated his takeover offer for the company. Stifel Nicolaus lowered its target price from $54.20 to $30.00Lululemon fell $12.38 to $281.8...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points in pre-opening trade. Index futures were moved lower following release of the U.S. June Employment report at 8:30 AM EDT. Consensus for June Non-farm Payrolls was a drop to 265,000 from revised 384,000 in May. Actual was an increase of 372,000. Consensus for the June Unemployment Rate was unchanged from May...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. U.S. equity index futures were virtually unchanged following release of the U.S. May Trade Deficit report at 8:30 AM EDT. Consensus was a deficit of $84.7 billion versus a deficit of $87.10 billion in April. Actual was a deficit of $85.5 billion.The Canadian Dollar was virtually unchange...Read More
U.S. equity index futures were lower this morning. S&P 500 future slipped 10 points in pre-opening trade.Focus today is on FOMC meeting minutes to be released at 2:00 PM EDT. More information on the Federal Reserve's plan to increase the Fed Fund Rate is expected.Resolute Forest Products gained $8.04 to US$20.53 after Domtar offered to purchase the company for $20.50 per share. Value of the of...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 41 points in pre-opening trade. Alphabet $GOOG slipped $19.75 to $2,155.00 after Moness lowered its target price from $3,500 to $2,900.Shopify slipped $0.42 to US$30.99 after Truist lowered its target price from $45 to $35.General Motors dropped $0.54 to $31.65 after JP Morgan lowered its target price from $71 to $64....Read More
(Adds detail on potential of new partners) By Saliou Samb CONAKRY, July 4 (Reuters) - Guinea's mines minister hasordered all work related to the Simandou iron ore mine projectto be halted after the two companies involved missed an extendeddeadline to agree on a joint venture, a letter seen by Reutersshowed on Monday.Rio Tinto's Guinea subsidiary Simfer SA andChinese-backed consortium Winning Conso...Read More
to our United States of America readers. The Bottom LineBase building patterns by U.S. and Canadian equity indices continue. Historically, broadly based North American equity indices reach the bottom of the U.S. Presidential cycle in June during the second year of the President's mandate. History is repeating. Earnings and Revenue Outlook for S&P 500 companiesConsensus earnings esti...Read More
(Updates prices, adds U.S. manufacturing) By Eric Onstad LONDON, July 1 (Reuters) - Copper prices slumped on Fridayto their weakest in 17 months as inflation and factory datareinforced fears that central bank tightening would pusheconomies into a recession and hit metals demand. Three-month copper on the London Metal Exchange hadeased 2.6% to $8,047 a tonne by 1630 GMT after dropping to itslowest...Read More
Happy Canada DayU.S. equity index futures were lower this morning S&P 500 futures were down 16 points in pre-opening trade. Economic focus today is on release of the June ISM Manufacturing PMI report at 10:00 AM EDT. Consensus calls for a decline to 55.0 from 56.1 in May.Micron dropped $2.78 to $52.50 after the company lowered sales and revenue guidance. Kohl's dropped $6.59 to $29.10 after ta...Read More