Canadian dollar edges lower as U.S. oil tops $100
The Canadian dollar edged lower against the greenback, trading 0.1% lower at 1.3810 per U.S. dollar. Bond yields jumped as U.S. oil topped $100 a barrel for the first time since May.
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Lovesac reports Q2 2027 results and updates full-year outlook
Lovesac said second-quarter net sales were $161.2 million, its highest quarterly sales outside Q4, helped by larger Sactionals configurations and new products. The company also said it received a $21 million benefit from IEEPA tariff refunds and gave a more conservative fiscal 2027 outlook because of macro uncertainty
Indonesian IDX Composite edges lower in early Thursday trade
Indonesia’s IDX Composite inched lower, hovering around 6,665 and extending prior losses after Wall Street’s third straight drop overnight. Brent rose above $100/bbl amid escalating U.S.-Iran tensions, while U.S. Treasury yields surged after a $6 billion debt buyback.
Euro STOXX 50 and Europe 600 close slightly lower
European stocks finish lower as Euro STOXX 50 slips 0.2% to 6,432 and STOXX Europe 600 edges below flat, with luxury and industrial names among the laggards.
US equity futures hold muted tone ahead of key price data
US equity futures trade in a tight range as the S&P 500 edges to a record and the Nasdaq 100 and Dow sit near flatline ahead of producer-prices data.
US Inflation Outlook Edges Lower
US 1-year inflation outlook falls to 4.2%