(Updates prices, adds China support for property sector) By Eric Onstad LONDON, Nov 17 (Reuters) - Copper prices edged up onFriday, boosted by a weak dollar, fresh support by China for itstroubled property sector and worries about a potentialtightening of supply from mines. Three-month copper on the London Metal Exchange(LME) was up 0.7% at $8,274 a metric ton at 1700 GMT afterretreating from a s...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 15 points at 8:30 AM EST.Today is the last trade day for November listed options, futures and futures options. Index futures unchanged following release of the October U.S. Housing Starts report at 8:30 AM EST. Consensus was a slip to 1.345 million units from 1.358 million units in September. Actual was an increase to...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 1 point at 8:35 AM EST.S&P 500 futures improved 7 points following release of the November Philly Fed Index at 8:30 AM EST. Consensus was an increase to -8.0 from -9.0 in October. Actual was an increase to -5.9.Cisco dropped $6.00 to $47.28 after the company lowered guidance for its fiscal second quarter below con...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points at 8:35 AM EST. S&P 500 futures slipped 5 points following release of economic news at 8:30 AM EST:U.S. October Producer Price Index was expected to increase 0.1% versus a gain of 0.5% in September. Actual was a decrease of 0.5%. Excluding food and energy, October PPI was expected to increase 0.2% versus...Read More
Index futures were higher this morning. S&P 500 futures were up 49 points at 8:35 AM EST.Index futures were sharply higher following release of the U.S. October Consumer Price Index at 8:30 AM EST. Consensus was an increase 0.1% versus a gain of 0.4% in September. Actual was unchanged. On a year-over-year basis consensus was an increase of 3.3%. Actual was an increase of 3.2%. Excluding food a...Read More
(Updates prices, adds weaker dollar) By Eric Onstad LONDON, Nov 13 (Reuters) - Copper prices rebounded onMonday as traders cancelled short positions in frustration, butgains were capped by uncertainty about economic growth and highinterest rates. Three-month copper on the London Metal Exchange hadgained 1.6% to $8,166 per metric ton by 1700 GMT, having shed1.4% and hit a two-week low on Friday.U....Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EST. Boeing advanced $7.36 to $204.01 after announcing sale of ninety 777 aircraft to Emirates for $52 billion.Regions Financial added $0.10 to $15.22 after Odeon Capital upgraded the stock from Hold to Buy.HP Inc gained $0.45 to $28.07 after Citigroup upgraded the stock from Neutral to Buy.Tyson F...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points at 8:30 AM EST.Trade Desk plunged $22.57 to $54.24 after the company lowered fiscal fourth quarter expectations.Lions Gate Entertainment added $0.13 to $9.20 after reporting higher than consensus fiscal second quarter revenues and profits. Groupon plunged $4.54 to $9.00 after reporting a third quarter loss. I...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:30 AM EST.Walt Disney advanced $1.25 to $85.75 after reporting higher than consensus fiscal fourth quarter earnings.Take Two jumped $7.52 to $150.99 after reporting higher than consensus quarterly revenues. Lyft dropped $0.53 to $10.19 after acknowledging a decline in active rider growth.Twilio gained $4....Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were up 2 points at 8:30 AM EDT.Traders are cautious ahead of US Federal Reserve Chair Jerome Powell's speech later today.Gilead added $1.29 to $82.00 after reporting higher than consensus third quarter earnings. The company also offer positive guidance for the fourth quarter. Rivian advanced $0.48 to $17.90 after reporting hig...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points at 8:35 AM EDT.Index futures were unchanged following release of the September U.S. Trade report. Consensus was a deficit of $60.00 billion versus a deficit of $58.30 billion in August. Actual was a deficit of $61.5 billion.Trip Advisor gained $1.92 to $18.03 after reporting higher than consensus third quarte...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.Dish Networks dropped $0.19 to $5.30 after reporting a surprising third quarter lossBerkshire Hathaway added $1.74 to $353.55 after reporting higher than consensus third quarter operating earnings. BionNTech gained $1.31 to $97.09 after reporting a surprising third quarter profitBirkenstoc...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points at 8:35 AM EDT. S&P 500 futures gained 19 points following release of the October U.S. Employment Report at 8:30 AM EDT. October Non-farm Payrolls was expected to drop to 188,000 from 336,000 in September. Actual was a drop to 150,000. October Unemployment Rate was expected to remain unchanged from Septem...Read More
(Recasts with modifications made to legislative proposal, addsbackground) By Valentine Hilaire and Elida Moreno Nov 2 (Reuters) - Lawmakers in Panama scratchedprovisions from a proposed bill that would cancel a recentlyapproved mining concession extending the life of a controversialbut lucrative copper mine by at least two decades, legislatorstold Reuters on Thursday. The fate of the Cobre Panam...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 34 points at 8:30 AM EDT.Qualcomm advanced $4.00 to $114.86 after reporting higher than consensus fiscal fourth quarter results. The company also raised fiscal first quarter guidance. DoorDash gained $5.58 to $81.50 after reporting higher than consensus third quarter earnings. PayPal added $0.59 to $52.25 after reporti...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were down 1 point at 8:35 AM EDT.S&P 500 Index futures recovered 12 points following the Treasury Department's refunding announcement at 8:30 AM Paycom Software dropped $76.92 to $168.05 after the company reduced guidance below consensus for 2024.Yum China dropped $4.91 to $47.65 after reporting less than consensus third qu...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points at 8:35 AM EDT.The Canadian Dollar slipped 0.06 to US72.26 cents following release of Canada's August GDP at 8:30 AM EDT. Consensus was an increase of 0.1% versus no change in July. Actual was no change. On a year-over-year basis consensus was an increase of 0.9 versus a gain of 1.1% in July. Actual was an inc...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:30 AM EDT.McDonald's gained $5.79 to $261.55 after reporting higher than consensus third quarter results. Krispy Kreme slipped $0.18 to $12.68 after Truist downgraded the stock from Buy to Hold.Newell Brands dropped $0.06 to $6.60 after Truist and JP Morgan downgraded the stock. Air Canada is expected to...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points at 8:35 AM EDT.S&P 500 Index futures added 7 points following release of the September Core PCE Price Index. Consensus was an increase of 0.3% versus a gain of 0.1% in August. Actual was an increase of 0.3%. On a year-over-year basis, consensus was an increase 3.7% versus a gain of 3.9% in August. Actual...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 18 points at 8:35 AM EDT.Index futures recovered 10 points following release of preliminary third quarter GDP at 8:30 AM EDT. Consensus was an annualized increase of 4.7% .Actual was an increase of 4.9%.IBM gained $1.62 to 138.70 after reporting higher than consensus third quarter revenues and earnings. Hasbro dropped...Read More