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The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket. Check back later for updates.

U.S. and Canadian stock markets appear poised to bounce back from two days of losses, as stock futures are well into the green this morning. Commodities are also on the rise, which should give an extra boost to the resource-heavy TSX.

BlackBerry is out with its fiscal fourth-quarter earnings this morning, and it was a rather mixed result. It posted a much-lower-than-expected adjusted loss of 8 cents a share (the Street was expecting a loss of 57 cents), but revenues of $976-million missed the Street estimate of $1.1-billion. Revenues a year ago were $2.7-billion, highlighting just how far the smartphone maker has fallen over the past 12 months.

Chief executive John Chen put a positive spin on the results, saying "I am very pleased with our progress and execution in fiscal Q4 against the strategy we laid out three months ago." Mr. Chen said he is targeting break-even cash flow by the end of the next fiscal year.

Shares of BlackBerry in the premarket rose more than 7 per cent when a trading halt came off at 730 a.m. (ET), but the stock is trimming those gains as the company holds its quarterly conference call. Shares are now up about 3 per cent.

More broadly, there is little fresh news to drive sentiment in markets this morning, although European markets are getting a bit of a boost from the latest economic confidence reading for the euro zone. That index rose to 102.4 in March, from 101.2 a month earlier, and beating analysts' forecasts for a rise to 101.4.

Now, here are more details on what's going on this morning and what is to come.

MARKETS:

Equities:

Futures: S&P 500 +0.35 per cent; Dow +0.27 per cent; Nasdaq +0.49 per cent; S&P Toronto +0.16 per cent

Hong Kong's Hang Seng +1.06 per cent

Shanghai composite index -0.22 per cent

Japan's Nikkei +0.50 per cent

London's FTSE 100 +0.21 per cent

Germany's DAX +0.85 per cent

France's CAC 40 +0.41 per cent

Commodities:

WTI crude oil (Nymex May) +0.47 per cent at $101.76 (U.S.) a barrel

Gold (Comex Apr) +0.13 per cent at $1,296.50 (U.S.) an ounce

Copper (Comex May) +1.37 per cent at $3.03 (U.S.) a pound

Currencies:

Canadian dollar at 90.76 (U.S.), up 0.0013

U.S. dollar index up 0.07 at 80.18

Bonds:

U.S. 10-year Treasury yield 2.70 per cent, up 0.02

ECONOMIC INDICATORS:

U.S. personal income and spending in February both rose 0.3 per cent, matching expectations.

(955 a.m. ET) University of Michigan consumer sentiment, expected to come in at 80.5.

STOCKS TO WATCH:

In addition to BlackBerry, BRP also reported earnings today, with a Q4 adjusted EPS of 41 cents, beating the Street estimate of 45 cents.

ANALYST ACTIONS:

CLSA upgraded Lululemon Athletica to "outperform" from "underperform" and raised its price target to $60 (U.S.) from $54.

Goldman Sachs upgraded Kinross Gold to "neutral" from "sell" with a price target of $4.20 (Canadian), citing the recent share price decline.

Canaccord Genuity upgraded Agnico Eagle Mines to "buy" from "hold" and kept a $45 (Canadian) price target. It cited the recent stock price weakness for the upgrade.

Raymond James upgraded Southern Pacific Resource to "outperform" from "market perform" and hiked its price target to 50 cents (Canadian) from 30 cents.

Societe Generale downgraded Citibank to "hold" from "buy" and cut its price target to $52 (U.S.) from $58.

Citibank downgraded PG&E to "neutral" from "buy" and cut its price target to $46 (U.S.) from $52.

Macquarie upgraded Alcoa to "neutral" from "underperform" and hiked its price target to $10 (U.S.) from $5.

Cantor Fitzgerald initiated coverage on Valeant Pharmaceuticals with a "buy" rating and a price target of $200 (U.S.).

THIS MORNING'S TOP INVESTING LINKS:

Top 10 dividend-yielding stocks of Morningstar's ultimate stock-pickers.

Morningstar analysts, meanwhile, are out with their own top U.S. stock picks in the energy, consumer cyclicals, consumer defensive, financials and basic materials sectors.

Don't believe the hype of rising interest rates.

Why there's no such thing as value.

Why value investing is so hard (Russian edition).

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For instant headlines on breaking economic and corporate news in the premarket, follow Darcy Keith on Twitter at @eyeonequities.

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