Analyst news

• Exclusive: Albertsons delays IPO amid weak demand - sources

  14-10-2015 23:22 via news.yahoo.com
  
  (Reuters) - U.S. grocery retailer Albertsons Companies Inc postponed the pricing on Wednesday of what it was hoping would be a $2 billion initial public offering amid weaker than expected demand from investors, according to people familiar with the matter. Albertsons is now hoping to price its IPO on Thursday, the people said. First Data Corp was also looking to price its IPO on Wednesday, raising as much as $3.7 billion in this year's biggest stock market flotation. The sources asked not to be
  
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• EURUSD Long Scalps Eye Key Resistance - Breakout Targets 1.18

  14-10-2015 21:56
  
  A break of the weekly opening range has charged a rally into resistance ahead of U.S. CPI tomorrow . Here are the updated targets & invalidation levels that matter.
  
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• IndiGo to launch up to $400 million IPO on Oct. 26

  14-10-2015 20:42 via rocketnews.com
  By Sumeet Chatterjee MUMBAI (Reuters) – The operator of top Indian airline IndiGo is set to launch an initial public offering worth up to $400 million on Oct. 26, three sources directly involved in the deal said, in what would be the country’s biggest stock market debut in three years. The share offering by InterGlobe Aviation Ltd, set to be the first airline listing in nine years, will close on Oct. 28, said the sources, who declined to be named as the information is not yet public
  
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• Is Sanders Too Soft on Defense for Mainstream Democrats?

  14-10-2015 19:45 via news.yahoo.com
  
  The self-described Democratic socialist has startled the political world with his strong challenge to former Secretary of State Hillary Rodham Clinton, largely on the strength of his populist salvos against Wall Street and repeated demands for income equality for the middle class. It didn’t help that he was bracketed on the debate stage by Clinton, the hawkish former secretary of state, and former Sen. Jim Webb of Virginia, a decorated Marine and one-time Navy Secretary who repeatedly boas
  
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• BlackRock profit falls in third quarter but tops expectations

  14-10-2015 19:31 via news.yahoo.com
  
  Investors piled into BlackRock Inc bond ETFs and paid more in hedge fund fees in the third quarter, helping the world's largest asset manager beat Wall Street's earnings forecasts and offsetting a higher tax hit that cut profits 8 percent from a year earlier. Rough-and-tumble markets saw BlackRock trim core investment advice and administration fees by $12 million from 2014 and give up 5 percent of assets under management from the second quarter. "We had a great quarter because our positioning as
  
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• IndiGo to launch up to $400 million IPO on Oct. 26 - sources

  14-10-2015 18:41 via news.yahoo.com
  
  By Sumeet Chatterjee MUMBAI (Reuters) - The operator of top Indian airline IndiGo is set to launch an initial public offering worth up to $400 million on Oct. 26, three sources directly involved in the deal said, in what would be the country's biggest stock market debut in three years. The share offering by InterGlobe Aviation Ltd, set to be the first airline listing in nine years, will close on Oct. 28, said the sources, who declined to be named as the information is not yet public. The low-cos
  
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• WTI Crude Oil Price Forecast: Oil Set To Gush on Break of 200 DMA

  14-10-2015 18:35
  
  The recent drop in WTI Crude Oil price away from 2 ½ month highs has some price bulls worried, but the low may be in.
  
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• Wall St lower on bank earnings; Wal-Mart hammered

  14-10-2015 17:41 via news.yahoo.com
  
  U.S. stocks retreated on Wednesday as investors absorbed mixed earnings from major banks and Wal-Mart's weak forecast wiped more than $20 billion off the retailer's market value. Weak economic data from the United States and China added to worries about the health of the global economy even as investors' focus shifted to company results. "The major theme, not only today but through the balance of the earnings season, is going to be the revisions to fourth quarter and 2016 earnings," said Bill No
  
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• Wall Street lower on bank earnings; Wal-Mart hammered

  14-10-2015 17:38 via news.yahoo.com
  
  Weak economic data from the United States and China added to worries about the health of the global economy even as investors' focus shifted to company results. "The major theme, not only today but through the balance of the earnings season, is going to be the revisions to fourth quarter and 2016 earnings," said Bill Northey, chief investment officer of the private client group at U.S. Bank. Wal-Mart sank 8.6 percent to $60.99, on track for its worst one-day performance in more than 17 years, af
  
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• A mixed start for US stocks as earnings reports roll in

  14-10-2015 15:41 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks are opening mixed as traders pore over the latest earnings reports for the third quarter.
  
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• Wall St opens flat after bank earnings, data

  14-10-2015 15:36 via news.yahoo.com
  
  (Reuters) - Wall Street opened little changed on Wednesday as investors assessed earnings reports from major U.S. banks and data showed a weaker-than-expected rise in September U.S. retail sales. The Dow Jones industrial average fell 15.07 points, or 0.09 percent, to 17,066.82, the S&P 500 gained 0.13 points, or 0.01 percent, to 2,003.82 and the Nasdaq composite index added 6.60 points, or 0.14 percent, to 4,803.21. (Reporting By Darshana Sankararaman in Bengaluru; Editing by Saumyadeb Chakr
  
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• USDJPY Breakout on Morning News

  14-10-2015 15:24
  
  The USDJPY is attempting to breakout on worse than expected Retail Sales data. Learn today’s trading values with the Chart of the Day!
  
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• Weak US Retail Sales Data Sinks US Dollar, Again

  14-10-2015 15:10
  
  Another day, another disappointing US economic report.
  
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• Shares, dollar slip as China inflation cools

  14-10-2015 15:01 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World shares fell for a second day running and the dollar dropped to its lowest in almost a month on Wednesday following new signs of a slowdown in China's economy. Limp inflation figures from China, volatility in other major emerging markets and more falls in commodities all combined to dampen buying, although there were signs the mood was gradually lifting ahead of Wall Street's restart. It was expected to open a shade higher and MSCI's 45-country, All World st
  
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• World shares, dollar slip as China inflation cools

  14-10-2015 15:00 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World shares fell for a second day running and the dollar dropped to its lowest in almost a month on Wednesday following new signs of a slowdown in China's economy. Limp inflation figures from China, volatility in other major emerging markets and more falls in commodities all combined to dampen buying, although there were signs the mood was gradually lifting ahead of Wall Street's restart. It was expected to open a shade higher and MSCI's 45-country, All World st
  
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• Price & Time: Make or Break Time For US Dollar

  14-10-2015 14:50
  
  Testing key moving average again. Important move on the horizon?
  
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• Wells Fargo's earnings edge up 1 percent to $5.4 billion

  14-10-2015 14:43 via news.yahoo.com
  
  NEW YORK (AP) — Wells Fargo reported a slight gain in third-quarter earnings, helped by an increase in borrowing from consumers and businesses.
  
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• Bentleys and Bordeaux: Chinese newcomers drive Vancouver's luxury market

  14-10-2015 14:40 via news.yahoo.com
  
  By Elizabeth Dilts and Julie Gordon VANCOUVER (Reuters) - At a luxury car dealership in Vancouver, a 19-year-old college student recently traded in his 2014 Ferrari for a 2016 Bentley that cost C$350,000 ($268,446). MCL Motor Cars Manager Scott Warren says the teen was his typical customer: young, Chinese and eager to swap a relatively new car for an even newer, trendier model. "They just trade them in and dad puts the money in their account." While Vancouver is often called the gateway to Asia
  
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• Gold Prices Set Four Month High After Disappointing Chinese Inflation

  14-10-2015 14:36
  
  Another piece of disappointing data out of China heightens concerns that the Asian-slowdown is deeper-than-expected.
  
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• Saudi bourse regulator tightens curbs on anonymous investors

  14-10-2015 14:34 via news.yahoo.com
  
  By Tom Arnold and Hadeel Al Sayegh DUBAI, Oct 14 (Reuters) - Saudi Arabia's market regulator has further tightened its restrictions on anonymous investors trading shares through brokers, citing the need to prevent money laundering and financing of militant groups. The Capital Market Authority (CMA) told licensed brokers last week that they would have to open an account in the name of each client rather than using the name of the broker or someone else, according to a CMA circular seen by Reuters
  
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• Is Now The Time To Invest In Prudential plc, Aviva plc And Chesnara plc?

  14-10-2015 14:03 via news.yahoo.com
  
  Stock market turmoil could have uncovered value in Prudential plc (LON: PRU), Aviva plc (LON: AV) and Chesnara (LON: CSN)
  
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• Jaguar Land Rover says Tianjin blast to hit second-quarter earnings

  14-10-2015 13:40 via news.yahoo.com
  
  Jaguar Land Rover (JLR) said on Wednesday its second-quarter results would be affected by a blast at the Chinese port of Tianjin in August which destroyed or damaged thousands of its cars at the site. A chemical explosion at Tianjin port killed more than 160 people and also affected the supply of cars from a number of other automakers. JLR, owned by India's Tata Motors, said it was still assessing the damage done to its 5,800 vehicles at the site and that it would take time to work out the level
  
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• Jaguar Land Rover says Tianjin blast to hit Q2 earnings

  14-10-2015 13:39 via news.yahoo.com
  
  Jaguar Land Rover (JLR) said on Wednesday its second-quarter results would be affected by a blast at the Chinese port of Tianjin in August which destroyed or damaged thousands of its cars at the site. A chemical explosion at Tianjin port killed more than 160 people and also affected the supply of cars from a number of other automakers. JLR, owned by Tata Motors , said it was still assessing the damage done to its 5,800 vehicles at the site and that it would take time to work out the level of mon
  
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• Nifty falls for third day on earnings worries

  14-10-2015 13:02 via news.yahoo.com
  
  MUMBAI (Reuters) - India's stock markets edged lower on Wednesday, posting their third consecutive loss, after blue-chips Tata Consultancy Services Ltd and Hindustan Unilever Ltd declined following disappointment over their quarterly earnings. Although TCS, India's largest software services exporter, met market expectations on Tuesday with a 14.5 pct rise in quarterly net profit, some analysts had hoped for better earnings and said the outlook for the sector could get tougher. Meanwhile, Hindust
  
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• British Pound Rises as Unemployment Rate Unexpectedly Drops

  14-10-2015 12:14
  
  The Pound gained 0.4% versus the US Dollar after today's employment data, providing evidence that the British labor market is still in good shape.
  
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• GBP/USD: back to decline

  14-10-2015 11:33 via liteforex.com
  Forex analytics: Current trendOn Tuesday, the British currency was declining, being under pressure from weak inflation statistics, released in the UK.In September, Consumer Price Index declined unexpectedly by 0.1% on an annual basis, while no change was expected. On a monthly basis, the indicator also declined by 0.1% against a 0.2% growth in the previous month.Retail and House Prices for September were ...
  
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• MIDEAST STOCKS-Saudi soft in early trade as Q3 earnings released

  14-10-2015 10:47 via news.yahoo.com
  
  DUBAI, Oct 14 (Reuters) - Saudi Arabia's stock market was slightly softer in early trade on Wednesday because of weak petrochemical shares, while some second-tier stocks moved in response to third-quarter earnings. Top petrochemical producer Saudi Basic Industries edged down 0.3 percent. A strong rebound in the stock has stalled in the past couple of days after oil prices fell back. This pushed the Saudi equity index down 0. ...
  
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• Hargreaves Lansdown draws in record amounts of cash

  14-10-2015 10:43 via news.yahoo.com
  
  By Simon Jessop LONDON (Reuters) - Fund firm Hargreaves Lansdown defied a volatile quarter for global stock markets to draw in a record amount of new cash from investors, sending its shares higher on Wednesday. Global markets have been hit by a stock market collapse in China and concern around the economic outlook, particularly as the United States inches closer to raising rates. New business inflows were up 47 percent on the prior year to 1.43 billion pounds during the quarter, Hargreaves said.
  
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• Brent: oil prices continue declining

  14-10-2015 10:30 via liteforex.com
  Forex analytics: Current trendOn Tuesday, the price of Brent crude oil continued declining amid quite favorable US macroeconomic releases, which allowed the USD to strengthen slightly, and the publication of the IEA oil market report.According to IEA data, oil supply-demand balance is unlikely to be reached in 2016. Moreover, the oversupply may grow due to the Iranian oil export recovery, while the demand ...
  
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• AUD/JPY: pair is falling

  14-10-2015 10:27 via liteforex.com
  Forex analytics: Current trendOn Tuesday, the AUD significantly fell against the Yen after the publication of weak trade balance data from China as imports in September fell by 17.7%, against expected fall of 15%. This big reduction in imports to China means a large fall in commodities exports for the Australian economy.The Yen, on the other hand, found support in the latest publication of the Bank of Japan ...
  
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• EUR/USD Advance Susceptible to Strong U.S. Retail Sales Report

  14-10-2015 10:00
  
  A further pickup in U.S. Retail Sales may encourage a near-term pullback in EUR/USD as it boosts speculation for a 2015 Fed rate-hike.
  
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• Pound May Rise on Wages Data, US Dollar Mired in Fed Speculation

  14-10-2015 09:35
  
  The British Pound may rise as firming wage inflation rekindles BOE rate hike bets while the US Dollar remains at the mercy of churning Fed policy bets.
  
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• Hargreaves Lansdown says first-quarter assets hit by stock market flux

  14-10-2015 09:00 via news.yahoo.com
  
  By Simon Jessop LONDON (Reuters) - Fund supermarket Hargreaves Lansdown said first quarter assets under administration fell by 500 million pounds, weighed by stock market falls, although new business inflows hit a record high. Global markets have been roiled in recent months by a stock market collapse in China and concern around the outlook for global growth, particularly as the United States inches closer to raising rates. As a result, total assets fell to 54.7 billion pounds in the three month
  
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• Hargreaves Lansdown says Q1 assets hit by stock market flux

  14-10-2015 08:34 via news.yahoo.com
  
  LONDON, Oct (HKSE: 3366-OL.HK - news) 14 (Reuters) - Fund supermarket Hargreaves Lansdown said first quarter assets under administration fell by 500 million pounds, weighed by stock market falls, although new business inflows hit a record high. Global markets have been roiled in recent months by a stock market collapse in China and concern around the outlook for global growth, particularly as the United States inches closer to raising rates. As a result, total assets fell to 54.7 billion pounds
  
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• News of the day. Wednesday 14.10.2015

  14-10-2015 08:19 via liteforex.com
  Forex analytics: Wednesday is going to have plenty of important publications that could affect dynamics in currencies. Labour market data from the UK is due at 11:30 am (all times stated in GMT +3). The most important publications will include the ILO Unemployment Rate for August that is forecasted to remain at the previous level of 5.5%, and the Claimant Count Change for September. The number of claimants is ...
  
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• Indian coffee chain launches largest IPO in three years

  14-10-2015 07:58 via news.yahoo.com
  
  MUMBAI: India’s Cafe Coffee Day chain launched the country’s largest stock market flotation in three years on Wednesday, as it seeks to tap the tea-loving nation’s growing taste for caffeine. India’s biggest coffee chain opened its first store in Bangalore in 1996 and has grown to have 1,538 cafes spread across 219 cities and towns throughout India. Cafe Coffee Day plans to use the money raised to pay off loans and open new stores to stay ahead of its rivals and consolida
  
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• Aussie Dollar Looks Past Soft Chinese CPI as RBA Rate Cut Bets Swell

  14-10-2015 07:40
  
  The Australian Dollar showed a tepid reaction as weak Chinese CPI data showed the pace of price growth slowed for the first time in three months.
  
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• Risk-Selling Dampens Oil and Copper Yet Drives Gold to 3-month High

  14-10-2015 06:43
  
  Gold rose to the highest since July as Fed comments and China data outlined growth risk. Copper, oil bounced lightly after overnight losses.
  
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• Asian stocks mostly lower on weak lead from US

  14-10-2015 06:37 via news.yahoo.com
  
  SEOUL, South Korea (AP) — Asian stock markets extended losses Wednesday following a drop on Wall Street as investors digested weak Chinese trade data and China's low inflation rate.
  
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• Asian shares slip, taking cues from Wall Street

  14-10-2015 04:58 via news.yahoo.com
  
  By Lisa Twaronite TOKYO (Reuters) - Asian shares tottered on Wednesday, taking cues from Wall Street's losses and pressured by a continued selloff in oil as investors awaited consumer price data from China this session. Faced with concerns about a global slowdown, the Monetary Authority of Singapore said on Wednesday that it will ease its monetary policy for the second time this year by slowing the pace of the Singapore dollar's appreciation. MSCI's broadest index of Asia-Pacific shares outside
  
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• USD/CAD Strategy: Long Position Entered Above 1.30

  14-10-2015 04:52
  
  The US Dollar is edging higher having put in a bullish Piercing Line candlestick pattern, hinting a reversal higher against its Canadian counterpart may be in progress.
  
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• EUR/GBP Technical Analysis: Euro Threatens 5-Month Resistance

  14-10-2015 04:26
  
  The Euro resumed its recovery against the British Pound, rising to probe the highest level in eight months.
  
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• JP Morgan and Intel Earnings Offer Mixed Confidence

  14-10-2015 03:50
  
  The Financial and Technology sectors absorbed their first high-profile earnings release Tuesday evening with the JPMorgan and Intel reporting Q3 numbers.
  
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• Factbox: Wall Street and commodity risk - JPM risk rises

  14-10-2015 03:30 via news.yahoo.com
  
  (Reuters) - JPMorgan Chase & Co's commodity market trading risk measure, known as Value-at-Risk (VaR), rose for a second straight quarter in the three months to end-September, the bank said on Tuesday as it reported a weaker commodities performance. Kicking off earnings for the big U.S. banks, the Wall Street bank's VaR indicator was $10 million, or up $1 million from the prior quarter and the same period a year earlier. Quarterly revenue from fixed income fell to $2.93 billion from $3.7 bil
  
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• AUD/USD Technical Analysis: Long-Term Decline Resuming?

  14-10-2015 00:44
  
  The Australian Dollar issued the largest daily decline in nearly two months against its US counterpart having found resistance below the 0.74 figure.
  
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• NZD/USD Technical Analysis: Six-Day Win Streak Broken

  14-10-2015 00:31
  
  The New Zealand Dollar turned sharply lower against its US namesake, issuing the largest daily drop in three weeks.
  
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