News

Federal Reserve's Goolsby: Inflation will determine the path of interest rates.

Federal Reserve's Goolsby: We should not be complacent just because there is no wage inflation.

Federal Reserve's Goolsby: Inflation is widespread and heading in the wrong direction.

Following the release of the US October PPI data, the market lowered its expectations for a Federal Reserve interest rate hike.

Canadian manufacturing inventories rose 1.7% month-on-month in September, compared with 0.2% in the previous month.

Canadian wholesale inventories rose 1% month-on-month in September, compared to 0% previously.

Canada's manufacturing inventory-to-shipments ratio was 1.63% in September, compared with 1.6% in the previous month.

Canada's manufacturing new orders rose 3.9% month-on-month in September, compared with a previous reading of -0.7%.

Canada's manufacturing backlog rose 2.1% month-on-month in September, compared with 0% in the previous month.

U.S. stock index futures extended gains after the release of October PPI data, while U.S. Treasury yields fell. The 2-year Treasury yield was last down 2.64 basis points to 4.853%, while the 10-year Treasury yield was last up 3.42 basis points to 5.125%.

U.S. auto safety regulators are urging owners of nearly 721,000 BMW vehicles to park them outdoors until repairs are completed to prevent fires.

According to Fox News: U.S. Commerce Secretary Rutnick will testify before a Senate committee on December 10 local time regarding matters related to Nvidia.

U.S. Treasury Secretary Bessenter: (Regarding economic policy after the midterm elections) The fundamentals of the U.S. economy are very strong.

U.S. Treasury Secretary Bessenter: Nvidia (NVDA.O) is an excellent company that has been able to grow without relying on its founder.

U.S. Secretary of State Bessant: It is irresponsible for The Wall Street Journal to publish my address.

Nokia (NOK.N): Its subsidiary Nokia Federal Solutions has been awarded a RAPID contract by the U.S. Department of War to enhance its multi-domain threat situational awareness capabilities.

Truist Securities downgraded Nvidia (NVDA.O) from Buy to Hold, lowering its price target from $346 to $174.

Rosenblatt Securities: Lowered its price target for Nvidia (NVDA.O) from $390 to $300.

Polish Prime Minister Donald Tusk: Our next competition is the artificial intelligence race. By working together, Europe can gain greater scale, strength, and broader influence. By coordinating our efforts, the productivity of all of us can increase by 27 times, the services we can access can expand by 27 times, and economic growth can be accelerated.

Canadian Industry Minister: We will meet with the CEO of Stellantis (STLA.N) in the coming weeks.