Next Tech Talk report will be released (in the New Year!) on Tuesday January 3rdPre-opening Comments for Friday December 30th 2022U.S. equity index futures were lower this morning. S&P 500 futures were down 26 points in pre-opening trade. U.S and Canadian equity trading activity today is expected to be substantially lower than average today. U.S. equity markets are scheduled to close at their...Read More
(Updates prices) By Pratima Desai LONDON, Dec 29 (Reuters) - Copper prices slipped onThursday as surging COVID infections in top consumer China andworries about a global recession fuelled fears of slowing demandfor industrial metals. Benchmark copper on the London Metal Exchange (LME)was down 0.2% at $8,428 a tonne at 1704 GMT. Prices of the metalused widely in the power and construction industri...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 19 points in pre-opening trade. Netflix gained $1.48 to $278.38 after CFRA upgraded the stock from Sell to Buy. Target price was increased from $225 to $310. Walt Disney advanced $0.61 to $84.78 after its latest Avator film surpassed $1 billion globally in box office sales. Pfizer added $0.01 to $50.81 after announcing...Read More
(Updates prices, adds Port Pirie ramp up) By Pratima Desai LONDON, Dec 28 (Reuters) - Copper prices hit a two-weekpeak on Wednesday as top consumer China's easing of COVIDrestrictions spurred buying, but recession risks andexpectations of weaker demand capped gains. Benchmark copper on the London Metal Exchange (LME)was up 1.1% at $8,444 a tonne at 1705 GMT after touching itshighest since Dec. 14...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade.Boeing added $0.36 to $189.76 after BOC Aviation ordered 40 Boeing 737 Max aircraft.Generac advanced $0.52 to $91.67 after Janney initiated coverage with a Buy rating and a target of $160.Costco gained $0.20 to $458.70 after Cowen upgraded the stock to Top Pick. Home Depot slipped $0.25 to...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 18 points in pre-opening trade. Canadian equity and bond markets are closed today for the Boxing Day the holiday.The Shanghai Composite Index gained 30.01 to 3,095.57 after announcing plans to dismantle its Zero COVID policy. WTI crude oil gained $0.80 to $80.35 on news that China plans to dismantle its Zero COVID poli...Read More
Pre-opening Comments for Friday December 23rd U.S. equity index futures were Lower this morning. S&P 500 futures were down 9 points in pre-opening trade. Index futures moved lower following release of a series on economic reports at 8:30 AM ESTNovember Core PCE Price Index was expected to increase 0.3% versus a gain of 0.2% in October. Actual was an increase of 0.1%. On a year-over-year b...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade.Index futures moved lower following release of the updated U.S. third quarter annualized GDP growth report at 8:30 AM EST. Consensus was unchanged at 2.9%. Actual was growth at a 3.2% rate.Micron dropped $0.93 to $50.26 after reporting lower than consensus fiscal first quarter results. T...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points in pre-opening trade.The Canadian Dollar was virtually unchanged at US73.44 cents following release of Canada's November Consumer Price Index at 8:30 AM EST. On a year-over-year basis November CPI was expected to increase 6.7% versus a gain of 6.9% in October. Actual was an increase of 6.8%. Excluding food an...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. Index futures were virtually unchanged following release of the November U.S. Housing Start report at 8:30 AM EDT. Consensus was 1.400 million units versus 1.425 million units in October. Actual was 1.427 million unitsThe Canadian Dollar was virtually unchanged at US73.41 cents after Ca...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade. Moderna gained $8.66 to $201.95 after Jefferies upgraded the stock from Neutral to Buy.Walt Disney slipped $0.45 to $89.63 after opening weekend revenues from its latest Avitar picture were lower than consensus. Microsoft added $1.22 to $245.91 on news that the company plans to challenge...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 36 points in pre-opening trade.U.S. Steel advanced $0.63 to $24.27 after raising guidance for fourth quarter revenues and earnings. Steel Dynamics added $0.28 to $102.20 after predicting an increase in hot rolled steel prices in 2023.Exact Science jumped $11.34 to $55.95 after its colorectal cancer treatment results w...Read More
(Updates with order to suspend operations) By Elida Moreno PANAMA CITY, Dec 15 (Reuters) -Panama's government ordered Canada's First Quantum Minerals on Thursday to pause operations at its flagship coppermine in the country after missing a deadline to finalize a dealthat would have increased payments to the government from themine. The government had given Minera Panama, which ismajority-owned by...Read More
U.S. equity index futures at 7:30 AM EST were lower this morning. S&P 500 futures were down 39 points in pre-opening trade.Lots of U.S. economic news is released this morning:December Empire State Manufacturing Survey released at 8:30 AM EST is expected to drop 6.50% versus a gain of 4.50 in November.December Philly Fed Index released at 8:30 AM EST is expected to improve to-6.2 from -19.4 in...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.FOMC statement on interest rates is released at 2:00 PM EST. Press conference with Federal Reserve chairman Powell is scheduled at 2:30 PM EST. Consensus is that the Fed Fund Rate will increase from 3.75%-4.00% to 4.25%-4.50%. In addition, the Federal Reserve is expected to continue to re...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 106 points in pre-opening trade.Index futures moved higher following release of the November Consumer Price Index at 8:30 AM EST. November CPI was expected to increase 0.3% versus a gain of 0.4% in October. Actual was an increase of 0.1%. On a year-over-year basis November Consumer Price Index was expected to increase...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 11 points in pre-opening trade.Bank of Canada Governor Tiff Mackem is scheduled to speak at 3:40 PM EST.Coupa Software jumped $13.04 to $75.13 after Thema Bravo offered to acquire the company for $81.00 per share. The cash deal is valued at $8 billion.Horizon Theropeutics jumped $14.26 to $111.53 after Amgen offered to...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were down 11 points in pre-opening trade. Index futures moved lower following release of the November Producer Price Index at 8:30 AM EST. Consensus was an increase 0.2% versus a gain of 0.2% in October. Actual was an increase of 0.3%. On a year-over-year basis, consensus was an increase of 7.2% versus a gain of 8.0% in Octobe...Read More
Technical NotesOil Services ETF $OIH moved below $284.52 completing a double top pattern.AT&T an S&P 100 stock moved above $19.39 extending an intermediate uptrend. PayPal a NASDAQ 100 stock moved below $71.17 extending an intermediate downtrend. Cenovus a TSX 60 stock moved below $25.03 completing a double top pattern. Trader's CornerEquity Indices and Related ETFsDaily Seasonal/Tec...Read More
(In first sentence, corrects name to National Mining Agency,not National Mining Association) By Oliver Griffin BOGOTA, Dec 7 (Reuters) - Colombia is preparing tolaunch a national mining company, the president of thegovernment's National Mining Agency (ANM) said on Wednesday,adding that coal mining royalties during the year had more thandoubled. The government of President Gustavo Petro has pledge...Read More