|
| |
Market Wrap: pre-opening session |
|
|
| |
|
|
|
| |
U.S. market futures are consolidating after tech stocks led the U.S. market higher, with the Nasdaq 100 rising 474 points (+1.62%) to 29,727. The S&P 500 advanced 60 points (+0.81%) to 7,543, and the Dow Jones was up 139 points (+0.27%) to 52,487.
No major economic stat is expected today in the U.S.
In Canada employment is estimated to increase by 10,000 in June, while jobless rate is expected to stay at 6.6%.
European indices are little changed.
Asian indices were mostly higher led by tech stocks. Reports said the forthcoming 28-billion-dollar U.S. share listing of SK Hynix, a major South Korean chipmaker, was oversubscribed for more than seven times. Still according to media reports, SK Hynix set the price of its American depositary shares (ADS) at 149 dollars each ahead of its trading debut on the Nasdaq on Friday.
On the economic front, Japan's Finance Minister Satsuki Katayama said the government is planning to introduce measures that will encourage pension funds, including the Government Pension Investment Fund, to significantly increase their investments in domestic financial assets. Separately, still in Japan producer price index rose 7.1% year-on-year in June, above 6.8% expected.
WTI crude oil prices continue to consolidate. They fell nearly 2% yesterday after U.S. President Donald Trump told reporters that Iran wants to make a deal. However, oil prices are set for a weekly gain.
Gold is broadly steady around 4,100 dollars.
Bitcoin rebounds, crossing above 64,000 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
Delta Air Lines (DAL), an airline, gains ground as quarterly adjusted EPS beat expectations.
Oracle (ORCL)'s, a cloud technology company, credit rating was downgraded to "BBB-", the lowest investment grade, from "BBB" at S&P Global. The rating agency highlighted "rising capex requirements, an uncertain path to profitability, rapidly evolving industry and competitive landscape, and high customer concentration".
WD-40 Company (WDFC), a specialist of maintenance, homecare and cleaning products, soars after posting quarterly financial figures above estimates and hiking full-year guidance.
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
On Thursday, the S&P/TSX Composite Index rose 0.76% to 35,200 and the S&P/TSX 60 Index gained 0.67% to 2,074.
Aritzia (ATZ), a clothing retailer, reported quarterly adjusted EPS up 96% to 0.96 dollar on sales up 43% to 951 million dollars. Both figures beat estimates.
MTY Food Group (MTY), one of the largest franchisors in North America’s restaurant industry, quarterly adjusted EPS dropped to 0.67 dollar from 2.49 dollars a year earlier. Sales fell 8% to 279.94 million dollars, missing estimates.
Bausch + Lomb (BLCO), an eye health company, said a Phase 2 trial of its glaucoma treatment candidate failed to meet its primary endpoint. The company will discontinue development of the eye-drop formulation while continuing work on a sustained-release implant for vision-threatening diseases.
Canadian National Railway (CNR)'s, a freight railway company, target price was raised to 175 dollars from 156 dollars at JPMorgan.
TFI International (TFII)'s, a transport and logistics company, target price was cut to 160 dollars from 208 dollars at National Bank of Canada.
|
| |
|
|
|
|
|
