Wall Street Aims To Open Lower
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Jobless Claims, Housing Starts data, Import and Export prices, as well as Philadelphia-area Manufacturing activity, are the major economic announcements on Thursday.
Earnings also might get special attention. Walmart s fourth-quarter comp sales were up 8.6 percent. Total revenue increased 7.3 percent to $152.1 billion from $141.7 billion in the prior year. On a per-share basis, earnings were $4.75, and on an adjusted basis earnings were $5.48.
Asian shares closed mostly lower, while European shares are trading down.
Early signs from the U.S. Futures Index suggest that Wall Street might open broadly lower.
On the earnings front, retail giant Walmart (WMT) is among the companies scheduled to their quarterly results before the start of trading on Thursday.
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Gas still to play critical role in generation: WoodMac
Feb 4, 2021 – 7.00am
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Australia will need about 10 times more gas for power generation than is being assumed by the energy market operator, according to consultancy Wood Mackenzie, which is warning of the risks of switching too rapidly to rely on batteries to back up weather-dependent renewables.
The share of gas in the power generation mix will probably remain at about 10 per cent by 2030, rather than fall to only about 1 per cent as implied by the Australian Energy Market Operator, the respected firm says in an analysis to be released on Thursday.
Bennett Oghifo
An environment group, Health of Mother Earth Foundation (HOMEF), has alerted the nation that the fire which broke out at an oil well in Ondo State in May last year is still raging and has become a threat to the community’s environment.
A statement by the group said, “Eight months after, the fire outbreak which occurred on the Ororo-1 Well in Chevron’s operated Oil Mining Lease (OML) 95 in Ondo State following a blowout from Grace-1 HWU, a Hydraulic Work over rig, is still burning.”
The public was earlier made to believe that the fire eruption which happened in May 2020 had been stopped after some months, HOEF said in its statement. “However, community contacts and a report by Africa Oil + Gas Report affirm that the fire has continued to burn at the time of this Alert.