Canadian PPI MoM (Jan) M/M 2.7% vs. Exp. 0.2% (Prev. -0.9%, Rev. From -0.6%)
The Canadian PPI for January came in significantly above expectations, rising 2.7% month-over-month compared to a forecast of just 0.2%.
Daily US Equity Opening News - CRWV credit concerns arise; LYB slashes dividend; NVDA reportedly close to $30B OpenAI investment
US PRE-MARKET MOVERS: NVDA, CRWV, FIX, OPEN, ED, LYB, AKAM, GRAL, WTTR
Canadian PPI MoM (Jan) M/M 2.7% vs. Exp. 0.2% (Prev. -0.9%, Rev. From -0.6%)
Apple (AAPL) has been questioned by Senator Blackburn on its Apple News' alleged bias, FOX news reports
HSR waiting period expires for Paramount Skydance (PSKY) offer to purchase Warner Bros Discovery (WBD) on the 19th of February
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This large beat suggests upward inflationary pressures, which could influence the Bank of Canada's policy stance and provoke market reactions regarding future rate decisions.
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