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Major European Markets Close Higher On Dovish Comments From ECB Officials
European markets closed mostly higher on Friday, led by gains in financial stocks after Standard Chartered reported upbeat quarterly earnings. Dovish comments by European Central Bank officials helped underpin sentiment.
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Canadian Market Modestly Higher At Noon; Docebo Soars On Strong Results
After a flat start and a subsequent fall to lower levels, the Canadian market has recovered and is modestly higher around noon on Friday, led by gains in technology, materials and financials sectors.
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U.S. Dollar Lower Against Most Majors
The U.S. dollar was subdued on Friday, as investors continued to cheer strong quarterly results from AI chipmaker Nvidia.
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Wintrust Financial To Move Two Wealth Management Businesses To LPL's Institution Services Platform
LPL Financial Holdings Inc. (LPLA) and Wintrust Financial Corp. (WTFC) announced Friday an agreement to transition support of the wealth management business of Wintrust Investments, LLC and certain private client business at Great Lakes Advisors, LLC, and their approximately 85 advisors and approximately $16 billion of brokerage and advisory assets to the LPL Institution Services platform.
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United Airlines To Launch Daily Nonstop Flights Between Guam And Tokyo Haneda Int'l Airport On May 1
United Airlines Holdings, Inc. (UAL) announced Friday it will launch daily nonstop flights between Guam and Tokyo Haneda International Airport on May 1. Flights will operate year-round and create a more direct link between Guam and Japan's capital, given the Haneda airport's proximity to the city center.
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Bay Street May Open With Slightly Negative Bias
Canadian shares may open with a slightly negative bias on Friday due to weak crude oil prices. Gold stocks may edged higher on steay bullion prices. Activity is most likely to be stock specific with quarterly earnings updates providing some direction.
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E.W. Scripps Slips To Loss In Q4
Media company E.W. Scripps Co. (SSP) reported Friday a net loss attributable to the shareholders for the fourth quarter of $268.34 million or $3.17 per share, compared to net income of $72.97 million or $0.84 per share in the prior-year quarter.
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Lamar Advertising Q4 Results Top Estimates
Billboard firm Lamar Advertising Co. (LAMR) reported on Friday that net income for the fourth quarter surged to $149.3 million or $1.46 per share from $66.1 million or $0.65 per share in the prior-year quarter.
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German Ifo Business Morale Rises Slightly
Sentiment among German companies rose moderately in February due to less pessimism regarding the outlook signaling that the economy is stabilizing at a low level, survey data from the ifo Institute showed Friday. The ifo business climate index rose to 85.5 from 85.2 in January. Economists had forecast a score of 85.5. "The German economy is stabilizing at a low level," ifo Institute President Cl
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Northwest Natural Guides FY24 EPS Below Estimates As Q4 Results Miss Estimates
While reporting financial results for the fourth quarter on Friday, Northwest Natural Holding Co. (NWN) initiated earnings guidance for the full-year 2024, below analysts' estimates.
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Standard Chartered Stock Up On Q4 Profit, Dividend Hike, $1 Bln Buyback
Shares of Standard Chartered Plc were gaining around 8 percent on London Stock Exchange after the British lending major on Friday reported significantly higher pre-tax profit in its fourth quarter, while it turned around to a profit on an after-tax basis. The results reflected higher operating income, even as net interest income was weak.
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Sensex, Nifty End Choppy Session Marginally Lower
Indian shares fluctuated before ending little changed on Friday as U.S. 10-year treasury yields rose for the third straight session and edged near three-month highs, following hawkish comments from a Federal Reserve official.
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German Economy Shrinks On Weak Investment
The German economy contracted at the end of the year on weaker investment, revised data from Destatis showed on Friday. Gross domestic product slid 0.3 percent sequentially in the three months to December after stagnating in the third quarter. The statistical office confirmed the preliminary estimate published on January 30.
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