A look at Thursday morning’s market action
Wall Street futures were lower early Thursday with interest rates and earnings continuing to dominate sentiment. Major European markets were down.In the early premarket period, S&P and Nasdaq futures were in the red while Dow futures hovered close to break even. On Wednesday, the Nasdaq ended down 0.66 per cent while the S&P 500 lost 0.47 per cent. The Dow managed a modest 0.02-per-cent gain. Canada’s“March Mayhem could see tremendous volatility once we get a look at the February [U.S.
“In a few ways, [Royal Bank]’s Q1 results followed many of the trends that we’ve observed from the Big Six group this quarter,” Credit Suisse analyst Joo Ho Kim said in a note. On Wall Street, shares of Salesforce were up more than 14 per cent in premarket trading after the cloud-based software provider delivered upbeat fourth-quarter results and offered a positive first quarter revenue forecast above analysts forecasts.Overseas, the pan-European STOXX 600 was down 0.25 per cent. Consumer pricein the euro zone eased to 8.5 per cent in February from 8.6 per cent a month earlier. Economists had been looking for a reading closer to 8.2 per cent in the most recent report.
The day range on Brent was US$83.83 to US$84.85 in the early premarket period. The range on West Texas Intermediate was US$77.23 to US$78.28. Both benchmarks rose about 1 per cent on Wednesday, helped by positive factory data out of China. On Wednesday, the U.S. Energy Information administration said crude inventories rose by 1.2 million barrels in the week ending Feb. 24 to 480.2 million barrels. That was the tenth straight week of higher weekly U.S. crude inventories.
“A lot of uncertainty remains going forward, but it appears the king dollar rebound might not be as big as some traders were initially thinking.”The Canadian dollar was lower while its U.S. counterpart advanced against a group of world currencies, boosted by a rise in U.S. Treasury yields.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Before the Bell: What every Canadian investor needs to know todayA look at Tuesday morning’s market action
Lire la suite »
Before the Bell: What every Canadian investor needs to know todayA look at Wednesday morning’s market action
Lire la suite »
Bell: Danielle Smith, AHS once bad, real bad, now it's good!Smith tells us when she became premier just a few months ago the health system was \u0022on the brink of collapse.\u0022 But not now! Not now!
Lire la suite »
Bell: Danielle Smith's budget boss draws election line in the sandTravis Toews, Danielle Smith\u0027s budget boss, says Alberta Budget 2023 draws a line with the sand between the UCP and the NDP in May election.
Lire la suite »
Bell and Telus raise roaming fees ahead of March break travel crunch | CBC NewsTwo of Canada's biggest telecom providers — Bell and Telus — are raising the fees they charge customers when they use their devices outside of Canada.
Lire la suite »