Markets
PNW

Financial Sector Update for 03/08/2018: PNW

Top Financial Shares:

JPM: +0.3%

BAC: +0.2%

WFC: flat

C: +0.4%

USB: flat

Financial shares were lower in pre-market trading on Thursday.

On the economic calendar is the weekly jobless claims bulletin at 8:30 am ET, then the Census Bureau's tech-oriented Quarterly Services survey at 10 am. Chain-store sales are also scheduled to be reported.

In overseas news, the European Central Bank left official rates unchanged at Thursday's council meeting and also confirmed the current quantitative easing (QE) schedule of EUR30 billion per month that runs until the end of September.

Going forward, the ECB no longer says that QE can be extended in size and/or duration, but merely states that the current schedule can be extended "if necessary" and will run "in any case until the governing Council sees a sustained adjustment in the path of inflation consistent with the inflation aim."

Other news:

- Pinnacle West Capital ( PNW ): upgraded to Outperform by RBC, price target trimmed to $87 from $88

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

PNW

Other Topics

Banking

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More