Analyst news

• Stocks slip, but post best month in 4 years; oil gains

  30-10-2015 22:40 via rocketnews.com
  By Rodrigo Campos and Herbert LashNEW YORK (Reuters) – Oil gained on Friday while stocks on Wall Street closed lower even as major U.S. and European stock indices posted their best month in at least four years, boosted in part by accommodative monetary policies in the euro zone and Japan. Oil prices rose after the U.S. oil rig count fell for a ninth straight week, indicating potentially lower crude output in coming months in the face of a global supply glut. The dollar slipped after data s
  
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• US stocks slip but finish month with biggest gain in 4 years

  30-10-2015 21:56 via news.yahoo.com
  
  The stock market drifted lower Friday but finished October with its biggest monthly gain in four years.
  
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• The End of China’s One-Child Policy Charges NZD Higher

  30-10-2015 21:54
  
  The New Zealand Dollar took flight over the month of October. Much relief for NZD Bulls came this week specifically despite an overtly dovish Reserve Bank of New Zealand and surprisingly hawkish Federal Reserve.
  
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• Stocks slip, but post best month in four years; oil gains

  30-10-2015 21:50 via news.yahoo.com
  
  By Rodrigo Campos and Herbert Lash NEW YORK (Reuters) - Oil gained on Friday while stocks on Wall Street closed lower even as major U.S. and European stock indices posted their best month in at least four years, boosted in part by accommodative monetary policies in the euro zone and Japan. Oil prices rose after the U.S. oil rig count fell for a ninth straight week, indicating potentially lower crude output in coming months in the face of a global supply glut. The dollar slipped after data showin
  
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• Gold Pops and Drops on Fed- Prices Target Support Ahead of NFPs

  30-10-2015 21:48
  
  Gold prices are lower for a second consecutive week with the precious metal down 1.8% to trade at 1142 ahead of the New York close on Friday.
  
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• Global stocks slip, but post best month in four years; oil gains

  30-10-2015 21:44 via news.yahoo.com
  
  By Rodrigo Campos and Herbert Lash NEW YORK (Reuters) - Oil gained on Friday while stocks on Wall Street closed lower even as major U.S. and European stock indices posted their best month in at least four years, boosted in part by accommodative monetary policies in the euro zone and Japan. Oil prices rose after the U.S. oil rig count fell for a ninth straight week, indicating potentially lower crude output in coming months in the face of a global supply glut. The dollar slipped after data showin
  
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• Oil Prices Could Drive the CAD Lower Before the Recession Ends

  30-10-2015 21:43
  
  The Canadian Dollar continued to slide lower to start the week, furthering the return of the up-trend in USD/CAD led by a precipitous drop in Oil prices.
  
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• Post-Fed GBP/USD Rebound at Risk on Dovish BoE, Soft Inflation Report

  30-10-2015 21:38
  
  With GBP/USD largely reversing the decline following the Federal Open Market Committee’s (FOMC) policy meeting, the pair may continue to face range-bound prices in the week ahead as market attention turns to the Bank of England (BoE) interest rate decision on November 3.
  
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• Why a Vote for Hillary Clinton Is Like a Vote for Elizabeth Warren

  30-10-2015 21:03 via news.yahoo.com
  
  Consider: Hillary Clinton is hailed as having had a “very good week.” Why? Some are crushed that Elizabeth Warren has not entered the race, but the majority of Democrats consider the left-wing senator from Massachusetts too extreme. The only time Warren bested Mrs. Clinton in a faux match-up was when MoveOn.Org manipulated the outcome by telling would-be voters favorable things about Warren, such as: "Elizabeth Warren wants to extend the same low interest rates that the fed
  
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• UPDATE 4-Telecom Italia shares touch seven-year high after tycoon adds to stake

  30-10-2015 20:45
  * Iliad founder Niel ups stake to over 15 pct of voting rights
  
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• 3 Halloween Horrors I’d Avoid: Anglo American plc, WM Morrison Supermarkets PLC And Tullow Oil PLC

  30-10-2015 20:24 via news.yahoo.com
  
  Royston Wild examines stock market shockers Anglo American plc (LON: AAL), WM Morrison Supermarkets PLC (LON: MRW) and Tullow Oil PLC (LON: TLW).
  
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• USD/JPY Might Trade Sideways Until February

  30-10-2015 20:08
  
  A major topping pattern could be forming in USD/JPY. Even if that is the case, 3 more months of sideways action may be in store in order to satisfy equality in time with the December 2014-May 2015 range.
  
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• US Dollar Lifted Briefly as Fed’s Favorite Inflation Measure Held Steady

  30-10-2015 19:06
  
  The US Dollar rose briefly before resuming a two-day downtrend after the US Core Personal Consumption Expenditure Price Index held at 1.3 percent year-over for September.
  
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• Wall St. Weekahead - Battered transport stocks could attract on price

  30-10-2015 19:05 via news.yahoo.com
  
  Though the stock market has broadly recovered from its August swoon, the same can't be said of transport stocks. Continuing weakness in railroad and trucking companies have pushed the Dow Jones Transport Average index away from the S&P 500, a divergence that often is seen as a broad sell sign. "There is no 'sell' signal as far as I'm concerned," said Katie Stockton, chief technical strategist at BTIG in New York.
  
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• FTSE hit by weaker oil but records strongest month for two years

  30-10-2015 18:25
  LONDON, Oct 30 (Reuters) - Disappointing company results depressed UK shares on Friday, and energy firms fell as the price of crude oil retreated after weak U.S. economic growth data.
  
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• EUR/USD Pares Fed-Driven Decline; Retail FX Flips Back to Net-Short

  30-10-2015 17:45
  
  EUR/USD looks poised for a larger rebound going into November as the pair largely retraces the decline following the FOMC interest rate decision.
  
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• CVS Health outlook for 2016 disappoints Wall Street

  30-10-2015 17:28 via news.yahoo.com
  
  CVS Health shares that hit an all-time high price three months ago tumbled Friday after the drug store chain and pharmacy benefits manger surprised Wall Street with a 2016 profit forecast that fell well below expectations.
  
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• Price & Time: USD/JPY – 1998 High Still An Influence?

  30-10-2015 16:40
  
  USD/JPY failed again to break above levels of 121.50 price, double top trigger found near 120.00.
  
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• Low oil price takes big bite from Chevron, Exxon earnings

  30-10-2015 16:29 via rocketnews.com
  The world’s biggest oil companies are reporting grim results in the third quarter of 2015, with Chevron Corp seeing profit fall by 64 per cent and Exxon profit down 47 per cent.Those earnings were reported Friday, a day after Royal Dutch Shell announced a $7.4 billion loss.
  Chevron announced it would cut an additional 6,000 to 7,000 jobs and reduce capital spending by 25 per cent in the coming year.
  It expects capital spending of $25 billion to $28 billion in 2016, down 25 per cent from 20
  
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• UPDATE 2-Telenor chairman quits after clash with government over Uzbekistan

  30-10-2015 16:27
  * Telenor shares down 2.6 percent, Vimpelcom down 6.0 pct (Adds comments from minister, analysts, share price reaction)
  
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• World Cup winner poised for stock market gains, says S&P

  30-10-2015 16:26 via news.yahoo.com
  
  By John Geddie LONDON (Reuters) - Either Australia or New Zealand could be on course for a stock market rally next week depending on which of their rugby teams are crowned World Cup champions on Saturday. Research from financial information provider Standard & Poor's Capital IQ shows that the last three winners of the World Cup have all had material increases in their respective markets index in the week following the final. New Zealand's S&P/NZX 50 climbed 1.4 percent after their win in
  
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• Rugby-World Cup winner poised for stock market gains, says S&P

  30-10-2015 16:25 via news.yahoo.com
  
  By John Geddie LONDON, Oct 30 (Reuters) - Either Australia or New Zealand could be on course for a stock market rally next week depending on which of their rugby teams are crowned World Cup champions on Saturday. Research from financial information provider Standard & Poor's Capital IQ shows that the last three winners of the World Cup have all had material increases in their respective markets index in the week following the final. New Zealand's S&P/NZX 50 climbed 1.4 percent after thei
  
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• FTSE hit by weaker oil but heads for strongest month for two years

  30-10-2015 16:24
  LONDON Oct 30 (Reuters) - Disappointing company results depressed UK shares on Friday, and energy firms fell as the price of crude oil retreated after weak U.S. economic growth data.
  
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• UPDATE 1-Ackman: Valeant's main problem is PR, not fraud

  30-10-2015 15:50
  BOSTON, Oct 30 (Reuters) - Hedge fund mogul William Ackman told his investors on Friday that he was confident in his bet on Valeant Pharmaceuticals but faulted the company for a weak response to...
  
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• UPDATE 2-Nigeria gives MTN two weeks to pay $5.2 billion fine

  30-10-2015 15:37
  * Johannesburg bourse probes timing of MTN announcement (Adds analysts comment, JSE probe, updates shares)
  
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• Reminder: trading hours to be changed

  30-10-2015 15:30 via liteforex.com
  
  LiteForex's News: Dear clients, Please remember that Forex trading will be closed at 11 pm today (terminal time), 30th October 2015, due to the change to winter time in Europe. Best regards, LiteForex
  
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• China as Japan 2.0, and the Fed Signals No Concern for Global Markets

  30-10-2015 15:05
  
  After markets surged on hopes of 'looser for longer,' the Fed and BOJ said 'no thanks.' But is the pain-chain over, or is it just getting started?
  
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• Wall Street flat; indexes set for best month in 4 years

  30-10-2015 15:02 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – U.S. stocks were little changed on Friday as investors paused on the last trading day of what could be the best month for the three major indexes in four years. Energy majors Exxon and Chevron reported better-than- expected results, helped by strong refining margins. Exxon shares were down 1 percent, while Chevron rose 1.9 percent. The consumer staples sector was down 0.64 percent, leading the three decliners among the 10 major S&P sectors, after data s
  
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• EU lawmakers make headway with rules for risky trading at banks

  30-10-2015 14:48 via rocketnews.com
  By Huw Jones and Tom KörkemeierLONDON/BRUSSELS (Reuters) – European Union lawmakers have ended a stalemate over plans to curb risky trading at banks after months of wrangling over how tough the new rules should be. The draft rules are seen as Europe’s answer to the Volcker Rule on Wall Street to stop risks from trading pulling down other parts of a bank, such as customer deposits. The impasse between the European Parliament’s two biggest parties, the centre right and centr
  
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• TAKE A LOOK-Valeant cuts ties with beleaguered pharmacy

  30-10-2015 14:33
  Oct 30 (Reuters) - Valeant Pharmaceuticals Inc is to sever all ties with pharmacy business Philidor Rx Services in the wake of criticism over the relationship between the two closely associated...
  
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• Piaggio nine-month core earnings flat, in line with forecasts

  30-10-2015 14:15 via rocketnews.com
  MILAN (Reuters) – Italian motorcycle and scooter maker Piaggioon Friday reported flat core earnings for the first nine months of the year, as expected by analysts, helped by sales growth across its main geographic areas and positive currency effects.
  The maker of the iconic Vespa scooter and Aprilia motorbikes said earnings before interest, tax, depreciation and amortisation (EBITDA) for the nine-months to the end of September inched up to 135.7 million euros ($149 million) compared with
  
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• Why Earnings Are Set To Launch At GlaxoSmithKline plc, Crest Nicholson Holdings PLC And British American Tobacco plc

  30-10-2015 14:10 via rocketnews.com
  
  View photo
  .Today I am looking at three of the FTSE’s growth greats. GlaxoSmithKlinePharmaceuticals giant GlaxoSmithKline (LSE: GSK) is, slowly but surely, slaying the ghost of patent expirations across key labels. The Brentford firm has seen earnings slip during the past three years, as brands like Seretide have battled the relentless entry of generic competition, and a further 20% drop is forecast for 2015.
  Still, I believe the stunning progress of GlaxoSmithKline’s product pipelin
  
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• Exxon 3Q profit falls by nearly half amid low oil prices

  30-10-2015 14:01 via rocketnews.com
  IRVING, Texas (AP) — Exxon Mobil Corp. (XOM) on Friday reported third-quarter earnings of $4.24 billion.
  The Irving, Texas-based company said it had profit of $1.01 per share.
  The results exceeded Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
  The oil and natural gas company posted revenue of $67.34 billio
  
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• USDollar Attempts a Fresh Bearish Breakout

  30-10-2015 13:50
  
  The USDollar is attempting to breakout lower for the first time in 8 trading sessions. Learn today’s trading values with the Chart of the Day!
  
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• EUR/USD: pair’s growth expected

  30-10-2015 13:22 via liteforex.com
  Forex analytics: Current trendThe EUR/USD pair was falling since the end of last week and lost more than 400 points.The pair was pressured by statements from the ECB President regarding a possibility of an extension of the current QE program for the eurozone economy in the near future, as well as the Fed Interest Rate Decision, where regulator’s Chair Janet Yellen did not dismiss the possibility of interest ...
  
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• Companies lose equity and faith on S&P news

  30-10-2015 13:08 via news.yahoo.com
  
  LONDON, Oct (HKSE: 3366-OL.HK - news) 30 (IFR) - Standard & Poor's shock removal of the equity content it had assigned to 29 corporate hybrid bonds has shone an unfavourable spotlight on the sector and forced both investors and issuers to rethink the risks of this year's in-vogue product. Fourteen corporate issuers are now servicing around 20.5bn of expensive senior debt after the equity credit of their hybrids - which justifies the more costly coupon - was removed on Tuesday. It (Other OTC:
  
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• UPDATE 2-India's L&T halves order book outlook on demand weakness

  30-10-2015 12:55
  * Shares fall more than 4 pct (Adds details on forecasts, analyst quote, bullet points)
  
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• CVS Health misses 3Q profit forecasts

  30-10-2015 12:52 via news.yahoo.com
  
  CVS Health's third-quarter profit jumped 30 percent but that was still short of Wall Street expectations, and an early peek at 2016 from the nation's second-largest drugstore chain also disappointed.
  
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• USD/JPY: after BoJ decision

  30-10-2015 12:51 via liteforex.com
  Forex analytics: Current trendThe USD/JPY pair declined, being affected by the BoJ decision to keep its monetary policy unchanged. However, then, the pair managed to gain back its losses during the Asian session. Haruhiko Kuroda, the BoJ Governor, stated that the Regulator is ready to continue easing its monetary policy if needed.Today, attention should be paid to a block of US releases. In case of favorable ...
  
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• FTSE retreats on oil stocks and weak company results

  30-10-2015 12:51
  LONDON Oct 30 (Reuters) - UK shares fell on Friday, pulled lower by some disappointing company results, with oil firms falling after the price of crude retreated on weak U.S. economic growth...
  
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• EUR/USD, GBP/USD Trendline Breaks Revisited as Greenback Fades

  30-10-2015 12:42
  
  The USDOLLAR Index is pulling back after setting fresh H2'15 highs, and for now, only a short-term dip is anticipated.
  
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• Brent: technical analysis

  30-10-2015 11:16 via liteforex.com
  Forex analytics: UKBrent, D1On the daily chart, the price is moving along the sideways channel between the levels of 46.22 and 54.26 that formed in the end of August. The price grew towards the middle MA of Bollinger Bands and is currently trading below it. The RSI is moving along its longer MA, just above it. The line acts as its support and coincides with the support level the indicator keeps testing since ...
  
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• Britain's FTSE retreats on oil stocks and weak company results

  30-10-2015 10:57
  LONDON Oct 30 (Reuters) - UK shares dipped on Friday, pulled lower by disappointing company results and oil companies falling after the price of crude retreated on weak U.S. economic growth...
  
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• UPDATE 2-Spain's BBVA shares drop after 1.1 bln euros loss and capital decline

  30-10-2015 10:47
  * Charge of 1.8 bln euros triggered by purchase of Garanti stake
  
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• GDP in Austria and Spain Continues to Show Expansion

  30-10-2015 10:36
  
  Spain year-on-year growth up to 3.4%, the best since Q4 2007. Austria year-on-year up to 1%, above expected.
  
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• BUZZ-Oil cos fall after weak US growth figures

  30-10-2015 10:18
  ** Oil producers, service providers and drillers down between 1-2 pct, as crude oil falls after U.S. growth figures disappoint
  
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• Royal Bank of Scotland earnings hit by cost of restructuring

  30-10-2015 10:11 via news.yahoo.com
  
  LONDON (AP) — Royal Bank of Scotland posted an operating loss for the third quarter as revenue declined and it reported increased costs for restructuring the bank bailed out by taxpayers during the 2008 financial crisis.
  
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• Elementis confident of recovery in full-year earnings

  30-10-2015 09:57 via news.yahoo.com
  
  (ShareCast News) - Chemical specialist Elementis said full-year earnings should be in line with expectations despite a sales slowdown.
  
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• BUZZ-RBS: Q3 update takes toll

  30-10-2015 09:32
  ** British bank RBS among the top FTSE-100 fallers in good volume
  
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• XAG/USD: pair fell

  30-10-2015 09:22 via liteforex.com
  Forex analytics: Current trendOn Thursday, the price of silver significantly fell after the statement by the Fed regarding a possibility of monetary policy tightening later this year.At the same time, poor data from the US could not support the pair. According to preliminary statistics, the US GDP for the third quarter grew by only 1.5%, against the previous quarter growth of 3.9% and forecasted figure of ...
  
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