Analyst news

• Wall Street jumps to eight-week high on financials, healthcare

  15-10-2015 23:33 via news.yahoo.com
  
  (Reuters) - A tame inflation reading and strong earnings from Citigroup led investors to pile back into stocks on Thursday, pushing Wall Street to its best level in eight weeks.
  
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• U.S. stocks up on earnings; data lifts dollar, bond yields

  15-10-2015 22:53 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - U.S. stocks rebounded from two days of losses to close higher on Thursday, helped by financial sector earnings, while stronger-than-expected economic data boosted the dollar and bond yields. The data also pushed up U.S. Treasuries yields slightly, as it renewed some hopes for a 2015 Federal Reserve interest rate hike. Unemployment claims were very good at the lowest in 42 years, suggesting the labor market is OK," said Daisuke J. Nakajima, managing director a
  
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• EURGBP Reverses Off Critical Resistance- Shorts Favored Sub 7386

  15-10-2015 22:44
  
  The pair reversed off critical resistance with our focus weighted to the downside while below the October open. Here are the updated targets & invalidation levels that matter.
  
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• The skew view - the latest signal of stock-market doom?

  15-10-2015 22:09 via news.yahoo.com
  
  Wall Street is forever on the lookout for ever more exotic indicators of impending doom for the stock market, and the latest measure to catch eyeballs is the CBOE Skew index which recently flashed panic signals like never before. The options-based index tracks the implied volatility of deep out-of-the-money options - that is, options that are not profitable yet - on the S&P 500 to measure the market's expectations for large declines in the index. "This is one of the cases where just looking
  
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• Prudential's Peters says expects no Fed rate hike in December

  15-10-2015 21:02 via news.yahoo.com
  
  The U.S. Federal Reserve will likely not raise benchmark interest rates in December, according to one of Wall Street's most widely followed investors. "I think their window has closed on them," said Greg Peters, who helps manage more than $550 billion in assets as senior portfolio manager at Prudential Fixed Income, a unit of Prudential Investment Management. Most economists expect the Fed to raise rates for the first time in nearly a decade before the end of this year, but fresh signs of a weak
  
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• UPDATE 5-Citigroup profit soars as lower costs trump revenue fall

  15-10-2015 19:26
  * Shares rise as much as 4.3 pct (Adds details from conference call; updates shares)
  
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• Wall Street rises as financials recover after Citi results

  15-10-2015 19:10 via news.yahoo.com
  
  U.S. stocks looked set to snap a two-day losing streak on Thursday after Citigroup led a recovery in financial stocks and investors absorbed mixed economic data. Nike rose 2.2 percent to $128.60 after the world's largest sportswear maker said it expects revenue growth to be faster over the next five years.
  
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• TeliaSonera rebuts Muddy Waters criticism over disclosure record

  15-10-2015 18:40
  STOCKHOLM, Oct 15 (Reuters) - Sweden's TeliaSonera has rejected what it called "serious criticism" from U.S.-based investment research firm Muddy Waters over the openness of its financial...
  
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• USD/JPY Eyes August Low Ahead of Kuroda- FX Positioning Near Extremes

  15-10-2015 18:15
  
  More of the same from BoJ Governor Kuroda may spur a further decline in USD/JPY as market participants scale back bets for additional monetary support.
  
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• US stocks advance; Citigroup gains on strong earnings

  15-10-2015 18:10 via news.yahoo.com
  
  NEW YORK (AP) — Stocks climbed on Thursday as investors responded to some positive earnings surprises. Financial stocks were boosted by a strong third-quarter earnings report from Citigroup. Hospital shares slumped after HCA said its earnings would fall short of projections.
  
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• FTSE ends higher, with help from ARM, Hargreaves; Burberry slumps

  15-10-2015 17:58
  LONDON, Oct 15 (Reuters) - Britain's top equity index closed higher on Thursday, with companies like ARM Holdings and Hargreaves Lansdown gaining as their outlooks improved, although luxury-goods...
  
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• Wall Street bonuses likely to plunge as trading revenue drops

  15-10-2015 17:43 via news.yahoo.com
  
  Wall Street bankers and traders are likely to get smaller bonuses this year as trading revenue plunges. Goldman Sachs said on Thursday that it set aside 16 percent less money for compensation in the third quarter compared with the same period in 2014. The fourth quarter, when banks determine how much they will pay for holiday bonuses, may not bring much relief for employees.
  
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• Retail Crowd Positioning Shifts Keep Focus on US Dollar Downside

  15-10-2015 17:40
  
  The retail crowd continues to buy the dip in the US Dollar, which bodes poorly for the greenback's near-term prospects.
  
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• New Zealand Dollar Sentiment Flip Holds, Supports Gains

  15-10-2015 17:30
  
  The recent shift in New Zealand Dollar positioning has been maintained, supporting NZDUSD's recent rally.
  
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• Japanese Yen Eyes Further Gains versus the US Dollar

  15-10-2015 17:30
  
  The crowd has maintained its net-long USDJPY position, which potentially warns of further downside.
  
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• Gold Forecast Turns Bullish as Crowd Fades Rally

  15-10-2015 17:30
  
  Now that the retail crowd is net-short Gold, the precious metal's rally has been cleared for liftoff.
  
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• Euro Outlook Turning More Bullish as Crowd Fades Advance

  15-10-2015 17:30
  
  The crowd is shorting the Euro again, which increases the probability that EUR-crosses rally.
  
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• British Pound Forecast Neutralizes as Shorts Cut amid Rally

  15-10-2015 17:30
  
  The retail crowd continues to reduce its net-short British Pound position.
  
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• Australian Dollar Levity Finds Support as Positioning Narrows

  15-10-2015 17:30
  
  Australian Dollar sentiment remains one-sided, but positioning continues to fade.
  
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• FTSE recovers as ARM, Hargreaves gain; Burberry slumps

  15-10-2015 16:47
  LONDON, Oct 15 (Reuters) - Britain's top equity index rose on Thursday as prospects improved for companies like ARM Holdings and Hargreaves Lansdown, although luxury-goods group Burberry slumped...
  
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• CORRECTED-UPDATE 3-Burberry shares tumble as China slowdown hits sales growth

  15-10-2015 16:33
  LONDON, Oct 15 (Reuters) - A sharp sales slowdown in Hong Kong and China led Britain's Burberry to miss sales growth forecasts on Thursday and warn of an increasingly challenging environment for...
  
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• UPDATE 1-Netflix's weak subscriber additions at odds with lofty valuation

  15-10-2015 16:25
  Oct 15 (Reuters) - Investors questioned Netflix Inc's premium valuation after the video-streaming service reported U.S. subscriber additions below its own expectations, a sign that competition from...
  
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• Data hauls dollar off two-month low, stocks push higher

  15-10-2015 16:17 via news.yahoo.com
  
  A steady pick-up in underlying U.S. consumer price pressures and the lowest new unemployment claims in 42 years helped allay fears of a new bout of disinflation and settled some nerves after Goldman Sachs became to latest major Wall Street name to report a plunge in profits. "There seem to be considerable expectations of further economic stimulus, which could mitigate some of the deflationary pressures," said Gerry Alfonso, analyst at Shenwan Hongyuan Securities.
  
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• Factbox: Wall Street and commodity risk: Goldman risk falls

  15-10-2015 15:50 via news.yahoo.com
  
  (Reuters) - Goldman Sachs Group Inc's commodity market trading risk measure, known as Value-at-Risk (VaR), fell for a second quarter in the three months through September, the bank said on Thursday, as it reported a sharp yearly drop in fixed-income, currency and commodity trading performance. The Wall Street bank's VaR indicator was $17 million, or down $2 million from the prior quarter and down $6 million from the same period a year earlier. Quarterly revenue from fixed income, currency and co
  
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• Wall Street opens higher after results, data

  15-10-2015 15:33 via news.yahoo.com
  
  REUTERS - Wall Street opened higher on Thursday, rebounding from two days of losses, as investors assessed economic data and quarterly results of major U.S. banks. The Dow Jones industrial average rose 27.22 points, or 0.16 percent, to 16,951.97, the S&P 500 gained 4.74 points, or 0.24 percent, to 1,998.98 and the Nasdaq composite index added 15.44 points, or 0.32 percent, to 4,798.29. (Reporting By Darshana Sankararaman in Bengaluru; Editing by Saumyadeb Chakrabarty)
  
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• Price & Time: USD/CAD Back At Key Pivot Area

  15-10-2015 15:30
  
  USD/CAD testing support confluence. Next week key in terms of timing...
  
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• BUZZ-Renishaw: best day in 2.5 months after update

  15-10-2015 15:19
  ** British precision engineer Renishaw up c7 pct and top gainer on the FTSE 250 index in robust volume
  
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• AUD/USD: Dollar under pressure until end of year

  15-10-2015 15:12 via liteforex.com
  Forex analytics: Current trendSince the beginning of October, we can see the US Dollar falling against its major competitors amid falling expectations of an interest rate hike in the US before the end of the year. Investors are switching their funds into more promising currencies, such as the Euro, the Pound and the AUD.This week the pair was supported by strong data on the labour market, inflationary ...
  
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• USDOLLAR Continues Morning Rebound after Jobless Claims, CPI

  15-10-2015 15:10
  
  The USDOLLAR Index fell to its lowest level since late-August this morning, but has started to rebound after this morning’s US economic data.
  
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• Goldman profit plunges as market turmoil hits bond trading

  15-10-2015 14:42 via news.yahoo.com
  
  Goldman Sachs Group Inc's profit plunged for the second straight quarter as bond trading revenue fell by a third amid market turmoil stemming from concerns about global growth. Revenue fell in all of the bank's major businesses except investment banking, which benefited from a surge in takeovers.The results are the latest example of how the grim trading environment is gutting profits on Wall Street.
  
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• Blackstone posts third-quarter loss as asset values drop

  15-10-2015 14:41 via news.yahoo.com
  
  Blackstone Group LP , the world's largest alternative asset manager, reported its first quarterly economic net loss in four years on Thursday, as the stock market plunge weighed on the value of its portfolio, even as it generated more cash. Blackstone's private equity, real estate, corporate credit and hedge fund assets all declined in value. Blackstone said economic net income (ENI), which takes into account the mark-to-market valuation of its portfolio, was a loss of $416 million in the quarte
  
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• Goldman Sachs earnings fall 38 percent, missing forecasts

  15-10-2015 14:40 via news.yahoo.com
  
  NEW YORK (AP) — Goldman Sachs posted as a 38 percent drop in earnings in the third quarter on Thursday, missing analysts estimates, as the Wall Street bank was hurt by recent market turbulence and lower commodity prices.
  
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• Citigroup's earnings surge 36 percent, beating estimates

  15-10-2015 14:33 via news.yahoo.com
  
  NEW YORK (AP) — Citigroup's earnings surged 36 percent in the third quarter as the bank continued to cut expenses and clean up its books from the mess of the financial crisis.
  
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• Netflix's weak subscriber additions at odds with lofty valuation

  15-10-2015 13:59
  Oct 15 (Reuters) - Investors are likely to question Netflix Inc's premium valuation after the video-streaming service said on Wednesday that third-quarter subscriber additions in the United States...
  
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• Unilever and ARM help FTSE to rebound, but Burberry battered

  15-10-2015 13:44
  LONDON, Oct 15 (Reuters) - Britain's top equity index climbed higher on Thursday, boosted by Unilever which rose following solid sales growth, although luxury goods group Burberry slumped after its...
  
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• Stock futures rise ahead of economic data, bank earnings

  15-10-2015 13:17 via news.yahoo.com
  
  (Reuters) - U.S. stock index futures rose on Thursday as investors await key economic data and earnings reports.
  
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• UnitedHealth again looks to fast-growing businesses in 3Q

  15-10-2015 13:09 via news.yahoo.com
  
  UnitedHealth Group's third-quarter profit slipped, but the nation's largest health insurer still beat Wall Street expectations due partly to fast growth in prescription drug management and other areas outside its core business.
  
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• UPDATE 1-Fincantieri hit by profit warning, report of cash call

  15-10-2015 13:05
  MILAN, Oct 15 (Reuters) - Shares in Fincantieri plunged as much as 18 percent Thursday after the Italian shipbuilder said problems in Brazil would hit second-half results at a unit which accounts for...
  
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• UPDATE 1-Zalando slumps after warning on profit margin targets

  15-10-2015 12:37
  * Shares drop as much as 13 percent (Adds operating loss, analyst comment, details)
  
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• USD/JPY: decline continues

  15-10-2015 12:00 via liteforex.com
  Forex analytics: Current trendYesterday, the USD declined against its major counterparts amid weak Retail Sales and Production Prices Index statistics, released in the US. A decline in the USD/JPY pair continued today: the US currency lost more than 60 points.Market participants are becoming more confident that US interest rates will remain unchanged in October. Moreover, weak macroeconomic data gives grounds ...
  
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• Burberry shares tumble as China slowdown hits sales growth

  15-10-2015 11:48 via news.yahoo.com
  
  By James Davey LONDON (Reuters) - A sharp sales slowdown in Hong Kong and China led Britain's Burberry to miss sales growth forecasts on Thursday and warn of an increasingly challenging environment for luxury goods sales, hammering its shares to a near three-year low. Carol Fairweather, chief financial officer of the 159-year-old brand famous for British-made trench coats and cashmere scarves, highlighted increased Chinese and global stock market volatility, currency swings and concerns over slo
  
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• BUZZ-WH Smith: delivers on sales

  15-10-2015 10:46
  ** Books, newspaper and stationery retailer WH Smith up more than 4 pct in strong volumes & 2nd top gainer on Stoxx 600 Retail index
  
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• BUZZ-UK asset managers: positive broker comment, results boost shares

  15-10-2015 10:28
  ** Hargreaves Lansdown up c3 pct, among the top FTSE 100 gainers after a slew of PT hikes following solid quarterly results on Wednesday
  
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• BUZZ-Gulf Keystone: receives $12 mln for Kurdistan oil

  15-10-2015 10:24
  ** Gulf Keystone Petroleum (GKP), one amongst a handful of oil and gas producers operating in Iraq's autonomous Kurdistan region, up almost 8 pct
  
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• XAU/USD: gold continues growing

  15-10-2015 10:09 via liteforex.com
  Forex analytics: Current trendThe XAU/USD pair continues its strong upward trend, started at the end of last week. The price of gold gains support from US macroeconomic statistics.In particular, Retail Sales ex Autos declined by 0.3% in monthly terms in September, while a 0.1% decline was expected. On a year-over-year basis, the indicator declined by 1.1% against a 0.8% decline in August.Producer Price ...
  
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• USD/CAD: USD under pressure again

  15-10-2015 10:08 via liteforex.com
  Forex analytics: Current trendOn Wednesday, the USD/CAD pair significantly fell amid poor macroeconomic statistics from the US. Retail Sales data for September showed a growth of only 0.1%, while experts forecasted the 0.2% growth. At the same time, Retail Sales excluding Autos for the same period fell by 0.3% against forecasted 0.1% fall.Support and resistanceBollinger Bands on the daily chart is moving ...
  
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• Britain's FTSE rises but Burberry battered by weak sales growth

  15-10-2015 10:04
  LONDON, Oct 15 (Reuters) - Britain's top equity index climbed higher on Thursday, boosted by Unilever which rose after solid sales growth, but luxury goods group Burberry slumped after its sales...
  
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• EUR/USD Strength to Persist on Dismal U.S. CPI Report- 1.1500 on Tap?

  15-10-2015 10:00
  
  Another dismal U.S. data print may encourage a larger recovery in EUR/USD should the CPI report dampen bets for a Fed rate hike in 2015.
  
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• BUZZ-Spectris: GS removes from "conviction buy" list

  15-10-2015 09:57
  ** Electrical engineering company Spectris down 2 pct & top loser on positive FTSE midcap index
  
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• Man Group boosted by net inflows after volatile quarter

  15-10-2015 09:51 via news.yahoo.com
  
  By Simon Jessop LONDON (Reuters) - British hedge fund manager Man Group recorded net inflows for the first time this year during the third quarter even as the value of its assets fell. Fund managers have been hard hit in the quarter as concerns about global economic growth and a stock market rout in China undermined trading strategies that rely on rising markets.
  
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