Canadian Natural lags TSX as buyback costs fall

Canadian Natural Resources Limited moved higher late Friday in Toronto, though not quite catching up to the Canadian equity rally. Shares changed hands at C$56.67, up 0.8% as of 3:46 p.m. EDT. The S&P/TSX Composite Index gained 0.91% to 35,283.92 a minute later. For the day, CNQ still lagged the broader market. Over the past year, the gap was wider: CNQ sat 20.2% under its 52-week high of C$70.99, while the TSX was only down 1.0% from its 52-week top.

Oil stocks brace for OPEC+ April output decision after Exxon slips, refiners climb

Oil stocks brace for OPEC+ April output decision after Exxon slips, refiners climb

Oil stocks are bracing for another supply shakeup next week, as OPEC+ — that’s the group of OPEC nations and Russia — is said to favor resuming output hikes in April, sources told Reuters. Eight producers from the alliance are set to gather March 1, following a three-month freeze on planned increases.

US Stock Market Today Updates

MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

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Times and estimates may change. Verify before trading.