Base Metal Stock Articles

Tech Talk for Tuesday May 31st 2022

31/05/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 30 points in pre-opening trade. Investors are watching for news from a meeting today between President Biden, Federal Reserve Chairman Powell and Treasury Secretary Yellen. The Canadian Dollar slipped 0.10 to US78.83 cents following release of Canada's March GDP report at 8:30 AM EDT. Consensus was an increase of 0.8%...Read More

Tech Talk for Monday May 30th 2022

30/05/2022 / Staff reporter

Technical evidence that North American equity indices have passed an intermediate low appeared last week. Look for a bottoming process between now and the next FOMC meeting on June 14th-15th. ObservationsConsensus earnings estimates for S&P 500 companies on a year-over-year basis in the first quarter of 2022 virtually were unchanged last week. Ninety seven percent of companies have report...Read More

Tech Talk for Friday May 27th 2022

27/05/2022 / Staff reporter

Next Tech Talk report is to be released on Monday May 30th despite the U.S. holidayPre-opening Comments for Friday May 27thU.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Index futures moved slightly higher following release of April Personal income and April Personal Spending at 8:30 AM EDT. Consensus for April Personal Income was an...Read More

Base metals' rebounds pause as global slowdown concerns dominate

26 May 2022 / Staff reporter

Base metals prices on the London Metal Exchange and the Shanghai Futures Exchange were mainly weaker on the morning of Thursday May 26 amid a lack of direction.• More central banks are tightening monetary policy; South Korea is the latest• Japan’s services producer price index climbed 1.7% in April, after a 1.3% rise in MarchBase metalsThree-month base metals prices on the LME - wit...Read More

Tech Talk for Thursday May 26th 2022

26/05/2022 / Staff reporter

U.S. equity index futures at 7:30 AM EDT were higher. S&P 500 futures were up 30 points in pre-opening trade.Canada's March Retail Sales report is released at 8:30 AM EDT. Consensus is an increase of 1.4% versus a gain of 0.1% in February.NVIDIA dropped $12.75 to $157.00 after the company offered second quarter guidance below consensus.Snowflake plunged $17.77 to $115.00 after reporting lower...Read More

Tech Talk for Wednesday May 25th 2022

25/05/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade.Index futures were virtually unchanged following release of the April Durable Goods Orders report at 8:30 EDT. Consensus was an increase of 0.7% versus a gain of 0.8% in March. Actual was an increase of 0.6%. Excluding transportation orders, consensus for April Durable Goods Orders was a...Read More

Base metals mainly under pressure as rebounds pause

24 May 2022 / Staff reporter

Base metals prices on the London Metal Exchange were mainly weaker on the morning of Tuesday May 24, while those on the Shanghai Futures Exchange were more mixed.• United States President Joe Biden considers easing tariffs on China• Japan’s flash manufacturing purchasing mangers’ index (PMI) dips to 53.2, from 53.5• Bank of Japan’s core consumer price index (CPI) clim...Read More

Tech Talk for Tuesday May 24th 2022

24/05/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 46 points in pre-opening trade. Zoom gained $4.21 to $93.54 after first quarter results beat consensus estimates. The company also offered positive second quarter guidance. Best Buy added $3.41 to $76.00 after reporting higher than consensus first quarter revenues. Snap plunged $6.96 to $15.51 after the company lowere...Read More

METALS-Falling inventories and weaker dollar lift copper

May 23 2022 6:20AM / Reuters

(Updates prices) By Pratima Desai LONDON, May 23 (Reuters) - Copper prices climbed to theirhighest in more than two weeks on Monday, buoyed by declininginventories and a weaker dollar, though gains were capped by thedamage to demand from coronavirus lockdowns in top consumerChina. Benchmark copper on the London Metal Exchange (LME)was up 1.3% at $9,546 a tonne at 1602 GMT. Prices of the metalused...Read More

Tech Talk for Monday May 23rd 2022

23/05/2022 / Staff reporter

U.S. equity markets closely are following their historic trend during a U.S. mid-term Presidential Election year: From January to June during the year, investor uncertainty increases following initiation by the President of difficult federal programs (e.g. increases in taxes to pay for new programs). The President's subsequent less favourable political ratings trigger anticipation a loss of at lea...Read More

Tech Talk for Friday May 20th 2022

20/05/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 43 points in pre-opening trade. Index futures responded partially to news that China lowered its central bank interest rates in order to stimulate the economy.Applied Materials dropped $2.27 to $108.47 after reporting lower than consensus fiscal second quarter revenues and earnings. Door Dash added $0.30 to $67.25 afte...Read More

Tech Talk for Thursday May 19th 2022

19/05/2022 / Staff reporter

U.S. equity index futures were lower this morning. At 7:30 AM EDT S&P 500 futures were down 34 points in pre-opening trade. Several U.S. economic data points are scheduled for release this morning that could influence equity prices:May Philly Fed Index to be released at 8:30 AM EDT is expected to slip to 17.2 from 17.6 in April.April U.S. Existing Home Sales to be released at 10:00 AM EDT are...Read More

Tech Talk for Wednesday May 18th 2022

18/05/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 28 points in pre-opening trade.Equity index futures were virtually unchanged following release of U.S. April Housing Starts at 8:30 AM EDT. Consensus was a slip to 1.783 million units from 1.793 million units in March. Actual was a drop to 1.72 million units.The Canadian Dollar was virtually unchanged at US78.04 cents...Read More

Base metals mainly up in London, potential rebound under way

17 May 2022 / Staff reporter

Base metal prices on the London Metal Exchange were mainly firmer on the morning of Tuesday May 17 – the exception being tin. Those on the Shanghai Futures Exchange were more mixed.• The slide in China’s renminbi yuan has halted for now, as has the dollar’s climb• China’s industrial production fell by 2.9% in April• US Empire State manufacturing index double dipp...Read More

Tech Talk for Tuesday May 17th 2022

17/05/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 Index futures advanced 54 points in pre-opening trade.Index futures were virtually unchanged following release of U.S. April Retail Sales at 8:30 AM EDT. Consensus was an increase of 1.0% versus a gain of 0.7% in March. Actual was.a gain of 0.9%. Excluding auto sales, April Retail Sales were expected to increase 0.4% versus a gain of...Read More

Tech Talk for Monday May 16th 2022

16/05/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade. Index futures responded partially to a continuing slowdown in China's economy due to efforts to slow COVID 19 infections.The Wheat continuous futures contract added $50.20 to $1,228.00 after India banned wheat exports. McDonald's slipped $1.04 to $244.00 after the company announced plans...Read More

Tech Talk for Friday May 13th 2022

13/05/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 54 points in pre-opening trade. Twitter dropped $7.07 to $38.03 after Elon Musk announced that his offer to acquire the company for $44 billion is "Temporarily on hold". UPS slipped $0.23 to $176.90 after JP Morgan downgraded the stock from Overweight to Neutral. Affirm Holdings advanced $6.79 to $24.83 after reporting...Read More

Tech Talk for Thursday May 12th 2022

12/05/2022 / Staff reporter

U.S. equity index futures were lower at 7:30 AM EDT. S&P 500 futures were down 17 points in pre-opening trade.April Producer Price Index to be released at 8:30 AM EDT is expected to increase 0.5% versus a gain of 1.4% in March. On a year-over-year basis, April Producer Price Index is expected to increase 10.7% versus a gain of 11.2% in March. Excluding food and energy April Producer Price Inde...Read More

Tech Talk for Wednesday May 11th 2022

11/05/2022 / Staff reporter

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade. Index futures moved lower following release of the U.S. April Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 1.2% in March. Actual was an increase of 0.3%. On a year-over-year basis consensus was an increase of 8.1% versus a gain of 8.5% in March....Read More

Tech Talk for Tuesday May 10th 2022

10/05/2022 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 36 points in pre-opening trade.Microchip Technology added $1.69 to $66.00 after reporting record fourth quarter revenues. The company also offered positive guidance.Peloton plunged $3.74 to $10.39 after recording a third quarter loss. The company also lowered guidance. Bausch Health dropped $2.26 to US$10.74 after reco...Read More

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