Mixed Markets Digest Manufacturing Surveys and Await Powell Comments

Coming off of a very strong November, December is off to a mixed start for equity markets. US index futures trading finds Dow futures flat and NASDAQ futures down 0.15%. Overseas, the DAX and FTSE are up about 0.6% to

Canadian Retail Sales Come In Strong

Please note the Morning Minutes will not be issued on Monday, they should return on Tuesday November 28. With investors focused on big sales stateside, we have seen spending strength on the Canadian side of the border. Headline (0.6% vs

Crude Oil Crumbles as OPEC+ Delays Meeting

US equities are acting this morning like the heavy hitters already have one foot out the door. Typically equity trading during US Thanksgiving week slows down Wednesday afternoon, is closed Thursday for turkey and football, sees a quiet Friday half

Retailer Earnings and Fed Minutes In Focus

It seems like some investors have gone into US holiday mode early this week. US index futures have been drifting downward through the morning with the three main contracts currently down 0.2%-0.3%. Over in Europe, the Dax is flat, but

Stocks Digest Moody’s US Outlook Downgrade and Await Tuesday Developments

Late on Friday, after many market participants had gone home for the weekend, a long weekend for bankers and government workers, Moody’s announced that it has cut the outlook for its US credit rating to Negative from Stable, blaming high

Mixed Markets Reflect on Hawkish Central Bank Comments

In a speech yesterday Fed Chair Powell suggested that the Fed may not have done enough yet to get inflation back to its long-term target leaving the door open to future interest rate hikes or to leaving interest rates at

Media Stocks Rally As Hollywood Strikes End

Coming off of a flat Wednesday for large cap US indices (the small cap Russell 2000 lost 1.1%), US index futures are steady this morning with the three main index futures contracts trading flat to up 0.2%. Over in Europe,

Stocks Pause To Consolidate Recent Gains

US index futures are trading flat to up 0.2% this morning as investors digest the market rally of the last week which has seen the NASDAQ gain 6.1%, the S&P 500 gain 4.4% and the S&P/TSX Composite rally 3.7%. European

Stocks Digest Recent Gains, Oil Rallies as Production Cuts Continue

Markets are mixed this morning as investors return from a weekend to reflect on last week’s business news including the Fed meeting, employment/wage data and a flood of earnings reports. US index futures are up 0.1%-0.2% following gains of 0.6%-1.4%

Investors Digest Central Bank Pauses and Strong Earnings While Awaiting Payrolls

This week’s rebound in equity markets has continued into this morning with US index futures up 0.35%-0.95%, building on yesterday’s US index gains of 0.6%-1.6%. Over in Europe, the Dax is up 1.6% while the FTSE is up 1.2%. Investors