Stocks Start Week on Right Foot

Monday, 25 October 2021, 16:38:00
Canada”s main stock index rose on Monday, led by gains in the energy and materials sectors as commodity prices rose, while investors awaited a policy announcement from the Bank of Canada later in the week. The TSX Composite gathered 43.93 points to kick off the day and the week at 21,260.08. The Canadian dollar added 0.03 cents to 80.84 cents U.S. The central bank is facing increasing pressure to hike interest rates ahead of schedule when it meets on Wednesday, amid hot inflation and a recovering job market in Canada. Burger King and Tim Hortons are struggling with a staffing crunch and the Delta variant keeping coffee-loving office workers at home, causing parent Restaurant Brands International to miss estimates for quarterly revenue on Monday. Restaurants Brands began the days trading down $2.59, or 3.4%, to $74.00 An investor group led by Canadian real estate company Canderel has agreed to take Cominar REIT private in a $2.14-billion deal, as it looks to expand its presence in Montreal, Quebec City and Ottawa.
— Baystreet Canada

Dow Hovers Near Record Highs

Monday, 25 October 2021, 16:38:00
U.S. stocks churned between gains and losses on Monday morning as investors prepared for a major week of earnings from heavyweight tech companies. The Dow Jones Industrials gained 30.29 points to 35,707.31. The S&P 500 regained 6.21 points to 4,551.11. The NASDAQ Composite recovered 58.26 points to 15.148.46, buoyed by Tesla. Some of the biggest technology companies are slated to report earnings this week, including Facebook, Alphabet, Microsoft, Amazon and Apple. A third of the Dow companies also is set to release quarterly results this week, including Caterpillar, Coca-Cola, Boeing and McDonalds. Dow-components Apple and Microsoft moved lower in early trading. Shares of Facebook were under pressure after the release of more whistleblower documents. Shares of Tesla, which reported record revenue and profits last week, gained more than 4% after Morgan Stanley hiked its price target on the shares to $1,200 from $900. Rental car company Hertz also announced that it would order 100,000 Tesla vehicles.
— Baystreet Canada

ExxonMobil to release third quarter 2021 financial results

Monday, 25 October 2021, 15:57:34
IRVING, Texas – Exxon Mobil Corporation will release third quarter 2021 financial results on Friday, October 29, 2021. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com.
— Exxon Mobil

Key Events This Very Busy Week: Earnings Deluge, Central Banks, GDP And Much More

Monday, 25 October 2021, 15:26:22
Key Events This Very Busy Week: Earnings Deluge, Central Banks, GDP And Much More While the FOMC enters its quiet period ahead of next week”s taper announcement, it”s still set to be a bumper week ahead for markets. Amid silence from FOMC speakers, we get decisions from the ECB and the Bank of Japan (both Thursday). As DB”s Jim Reid notes, inflation will obviously remain in the spotlight too as we get the October flash estimate for the Euro Area (Friday) with some regional numbers like German (Thursday) before. In addition, the Q3 earnings season will ramp up further, with 165 companies in the S&P 500 reporting, including Facebook (today), Microsoft, and Alphabet (both tomorrow), and Apple and Amazon (Thursday). Elsewhere, the UK government will be announcing their latest budget and spending review (Wednesday), Covid will remain in the headlines in light of the growing number of cases in many countries, and well get the first look at Q3 GDP growth in the US (Thursday) and the Euro Area (Friday).
— Zero Hedge

QatarEnergy dives into first exploration block off Canada

Monday, 25 October 2021, 13:19:12
This comes as the company aims to diversify its global explorations. QatarEnergy signed a deal to acquire a 40% stake in one of ExxonMobils major offshore explorations in Canada on Sunday, the first such deal in the North American nation for the leading Qatari energy company. We are pleased to conclude this agreement which represents [] (The post QatarEnergy dives into first exploration block off Canada is from Doha News | Qatar .)
— Doha News