(Adds Justin Trudeau's comments) May 2 (Reuters) - Canadian Prime Minister Justin Trudeausaid in an interview to Bloomberg Television last week that anytakeover bid for Teck Resources Ltd would have to getthrough a "rigorous process" to get consent from the government. Here is a snapshot of key events in the saga so far. Date Development March Glencore privately offers to merge with T...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 24 points at 8:30 AM EDT.United Airlines gained $0.51 to $43.55 after reporting a lower than consensus first quarter loss. The company also offered positive second quarter guidance. Netflix slipped $0.55 to $333.15 after reporting slightly less than consensus first quarter earnings. Intuitive Surgical advanced $21.90...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points at 8:35 AM EDT.Index futures were virtually unchanged following release of March U.S. Housing Starts at 8:30 AM EDT. Consensus was a slip to 1.420 million units from 1.450 million units in February. Actual was 1.420 million units The Canadian Dollar added 0.05 to US74.80 cents following release of Canada's Ma...Read More
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 the April Empire State Manufacturing Survey at 8:30 AM EDT. Consensus was a decline of 15.0. Actual was a gain of 10.8Shanghai Composite Index advanced 47.46 in overnight trade to a 10 month high at 3,385.61.Prometheus Bioscience $RXDX jumped $79.4...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:35 AM EDT.Index futures moved lower following release of March Retail Sales report at 8:30 AM EDT Consensus was a drop of 0.5 % versus a drop of 0.4% in February. Actual was a drop of 1.0%. Excluding auto sales, consensus was a drop of 0.4% versus a drop of 0.1% in February. Actual was a drop of 0.8%.Spi...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:35 AM EDT.Index futures moved higher following release of the March Producer Price Index at 8:30 AM EDT. Consensus was an increase 0.1% versus a decline of 0.1% in February. Actual was a drop of 0.5%. On a year-over-year basis, Consensus was an increase 3.1% versus 4.9% in February. Actual was an increas...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 31 points in pre-opening trade. S&P 500 futures advance 27 points following release of the March Consumer Price Index at 8:30 AM EDT. March CPI was expected to increase 0.2% versus a gain of 0.4% in February. Actual was an increase of 0.1% . On a year-over-year basis March CPI was expected to increase 5.1% versus a...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT.Brookdale Senior Living gained $$0.26 to $3.24 after the company raised guidance.Tilray dropped 0.12 to Cdn$2.62 after reporting a third quarter loss of $1.90 per share. The company also announced purchase of Hexo for Cdn$56 million.CarMax gained $5.17 to $71.03 after reporting higher than consensu...Read More
(Corrects project owner in second-last paragraph to AmericanLithium Corp from Plateau Energy Metals) By Marco Aquino LIMA, April 10 (Reuters) - Peru expects to produce 2.8million tonnes of copper this year, a senior official said onMonday, representing an almost 15% jump from 2022, in a brightspot for the Andean nation's top export. Peru, the world's no. 2 copper producer, saw output affectedsinc...Read More
(Adds quotes, context) By Marco Aquino LIMA, April 10 (Reuters) - Peru expects to produce 2.8million tonnes of copper this year, a senior official said onMonday, representing an almost 15% jump from 2022, in a brightspot for the Andean nation's top export. Peru, the world's no. 2 copper producer, saw output affectedsince December following anti-government protests and roadblockades spurred by the...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points at 8:30 AM EDT.Moderna added $3.39 to $161.66 after JP Morgan raised its target price from $127 to $145.Weyerhaeuser gained $0.40 to $30.25 after DA Davidson raised its rating from Neutral to Buy.Tupperware dropped $0.22 to $2.20 after the company warned that it may adjust fourth quarter results. Cinemark ad...Read More
U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged at 8:30 AM EDT. The Canadian Dollar added $0.06 to US74.22 cents after release of Canada's March Employment report at 8:30 AM EDT. Consensus for job creation was 7,000 positions. Actual was an increase to 34,700. Consensus for the Unemployment Rate was an increase to 5.1% from 5.0% in February. Actual was unchang...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT.Johnson & Johnson added $4.75 to $165.25 after announcing an $8.9 billion settlement on talc claims.UnitedHealth Group gained $4.55 to $497.80 after Raymond James upgraded the stock from Outperform to Strong Buy.Cigna advanced $2.46 to $259.00 after Raymond James upgraded the stock from Out...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points at 8:30 AM EDT.Oneok added $0.55 to $65.61 after Citigroup upgraded the stock from Neutral to Buy.ServiceNow added $$12.52 to $477.01 after Baird upgraded the stock from Neutral to Outperform.Charter Communications dropped $3.24 to $352.97 after KeyBanc downgraded the stock from Overweight to Sector Weight.Co...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points at 8:30 AM EDT.McDonalds slipped $0.09 to $279.52 after announcing plans this week to reduce corporate staff. Crude oil jumped $4.54 to $80.21 per barrel after OPEC + announced a reduction in production by 1.16 million barrels per day. Energy equity prices are expected to respond accordingly at the open.Over...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in at 8:40 AM EDT.. U.S. equity index futures moved higher following release of economic news at 8:30 AM EDT:U.S. February Core PCE Price Index was expected to increase 0.4% versus a gain of 0.6% in January. Actual was an increase of 0.3%. On a year-over-year basis, February Core PCE Price Index is expected t...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:35 AM EDT.Index futures were virtually unchanged following release of the updated estimate for fourth quarter annualized U.S. GDP growth at 8:30 AM EDT. Consensus was unchanged at 2.7%. Actual was 2.6%.Apple added $0.70 to $161.47 after announcing date of its next World Wide Development Conference set fo...Read More
U.S. equity index futures moved higher in overnight trade. S&P 500 futures were up 32 points at 8:30 AM EDT.The Canadian Dollar was virtually unchanged at US73.51 cents following release of the Canadian budget at 4:00 PM EDT yesterday.Micron added $1.25 to $60.53 after JP Morgan raised its target price from $65 to $75. Lulu lemon advanced $40.04 to $360.35 after reporting higher than consensus...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points at 8:30 AM EDT. Occidental Petroleum added $0.80 to $60.45 after Berkshire Hathaway confirmed an increased ownership to 23.5% of outstanding shares. Wallgreens Boots gained $0.85 to$33.79 after reporting higher than consensus fiscal second quarter revenues and earnings.Ciena advanced $1.57 to $50.18 after Ray...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 24 points at 8:30 AM EDT. Index futures responded to news that First Citizens Bank has acquired a major part of the assets of failed Silicon Valley Bank.Novartis advanced $5.60 to $89.19 after announcing positive results from a breast cancer drug trialCaterpillar dropped $2.86 to $214.15 after Baird downgraded the stoc...Read More