Wall Street futures edged higher early Wednesday as traders await comments from Federal Reserve chair Jerome Powell later in the day. What every Canadian investor needs to know today:
Wall Street futures edged higher early Wednesday as traders await comments from Federal Reserve chair Jerome Powell later in the day. Major European markets were positive. TSX futures also advanced with more bank earnings due.
In Canada, banks remain in the spotlight with investors getting results from Royal Bank and National Bank.of $3.88-billion or $2.74 a diluted share, compared with $3.89-billion or $2.68 a year earlier, when it had more shares outstanding. On an adjusted basis, RBC said it earned $2.78 per share, ahead of the $2.69 per share that banking analysts anticipated, according to Refinitiv. RBC also said it will now pay a quarterly dividend of $1.32 per share, an increase of four cents.
Overseas, the pan-European STOXX 600 was up 0.67 per cent in morning trading. Britain’s FTSE 100 advanced 0.60 per cent. Germany’s DAX and France’s CAC 40 were up 0.56 per cent and 0.77 per cent, respectively.Crude prices gained in early going after new figures showed a decline in weekly oil inventories and speculation over China’s COVID-19 policy helped prop up sentiment.
“China’s COVID infections declined for the first time in a week, and they are ramping up vaccination efforts for the elderly.” “Expectations were growing for them to seriously consider an output cut as China’s COVID situation steadily worsened,” he said.
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