Analyst news

• REFILE-UPDATE 2-Citron turns spotlight on Mallinckrodt, shares plunge

  09-11-2015 22:59
  Nov 9 (Reuters) - Shares of Mallinckrodt Plc closed down 17 percent after short-seller Citron Research called the drugmaker "a far worse offender of the reimbursement system" in a tweet.
  
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• WTI Crude Oil Price Forecast: Can $43 Level Hold Bears Away?

  09-11-2015 22:54
  
  Strength in the US Dollar has left no market safe, especially commodities.
  
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• Wall St. indexes drop 1 percent as rate hike looms

  09-11-2015 22:38 via news.yahoo.com
  
  (Reuters) - The S&P 500 index suffered its worst loss in six weeks on Monday as Wall Street braced for an interest-rate hike and fretted about weak Chinese trade data.
  
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• Wall Street indexes drop 1 percent as rate hike looms

  09-11-2015 22:36 via news.yahoo.com
  
  The S&P 500 index suffered its worst loss in six weeks on Monday as Wall Street braced for an interest-rate hike and fretted about weak Chinese trade data. "There are short-term myopic concerns about a Fed rate hike,” said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa.
  
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• Tinder Looks To Set Date With Stock Market

  09-11-2015 22:23 via news.yahoo.com
  
  Tinder's parent company Match Group Inc has said it plans to raise more than half a billion dollars from the NASDAQ stock exchange. Tinder is a dating app which lets users in 196 different countries swipe left or right on potential connections based on whether they like the look of their pictures or not. Match, which also owns dating sites OKCupid and PlentyofFish,, recorded revenue is excess of three quarters of a billion dollars for the first nine months of 2015.
  
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• US stocks end lower as traders worry about global growth

  09-11-2015 22:21 via rocketnews.com
  NEW YORK (AP) — The stock market had its biggest fall in two weeks as investors worried that the global economy could be slowing.
  Traders were also worrying Monday that last week’s strong jobs report opened the way for the first rate hike from the Federal Reserve in nearly a decade.
  Priceline plunged 10 percent after its forecast for the fourth quarter came in weaker than analysts were expecting.
  The Dow Jones industrial average dropped 179 points, or 1 percent, to 17,730.
  The Stand
  
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• GBP/JPY Technical Analysis: From One Trend to Another

  09-11-2015 21:24
  
  In our last article, we looked at the recent break of the bear-flag formation in GBP/JPY; and as we notated, a new trend-line had emerged on the under-side of price action (shown in red on the included chart).
  
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• Webinar: Post NFP Setups in Play- Sterling Crosses at Risk

  09-11-2015 20:24
  
  Friday’s stellar jobs print fueled a massive breakout in the dollar. Here are the updated targets & invalidation levels that matter this week.
  
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• UPDATE 2-Ackman says Valeant likely to pay down debt in the next 18 months

  09-11-2015 20:08
  Nov 9 (Reuters) - Bill Ackman, Valeant Pharmaceuticals International Inc's third-largest shareholder, said the Canadian drugmaker will likely use its free cash flow to pay down debt in the next 18...
  
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• EUR/JPY Technical Analysis: Reversal Plays May Prove Attractive

  09-11-2015 20:04
  
  In our last article, we looked at continued short setups in EUR/JPY after the longer-running symmetrical wedge gave way after the European Central Bank’s announcement that they’d ‘re-examine’ their QE-outlay at their December meeting.
  
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• Wall Street falls as rate hike looms, growth fears resurface

  09-11-2015 19:17 via news.yahoo.com
  
  U.S. stock indexes fell more than 1 percent on Monday afternoon, their biggest decline in six weeks, as investors braced for an increase in interest rates and fretted about weak Chinese trade data. Nine of the 10 major S&P sectors were lower, led by consumer discretionary and energy stocks. U.S. companies face the prospect of higher borrowing costs if the Federal Reserve raises interest rates next month, as is widely expected after Friday's strong jobs report.
  
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• London close: Fed hike expectations drag FTSE lower

  09-11-2015 19:00 via rocketnews.com
  LONDON (ShareCast) – (ShareCast News) – Financials did best on Monday although by the end of trading the wider market was tracking the large losses on Wall Street – which some analysts linked to profit-taking – as government bond yields edged higher after Friday’s US jobs report.The FTSE 100 ended the day off by 58.67 points or 0.92% to 6,295.11 while the 250 index retreated 0.31%, finishing at 17,112.65.The prospect of rising rates Stateside should not worry invest
  
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• London close: Fed hike expectations drag Footsie lower

  09-11-2015 18:56 via rocketnews.com
  LONDON (ShareCast) – (ShareCast News) – Financials did best on Monday although by the end of trading the wider market was tracking the large losses on Wall Street – which some analysts linked to profit-taking – as government bond yields edged higher after Friday’s US jobs report.The FTSE 100 ended the day off by 58.67 points or 0.92% to 6,295.11 while the 250 index retreated 0.31%, finishing at 17,112.65.The prospect of rising rates Stateside should not worry invest
  
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• Gold Price Outlook: We’ve Just Run into a Major Support Level

  09-11-2015 18:49
  
  After tapping a new short-term high at the $1,190 level only three weeks ago, Gold prices have peeled off over $100 in short order as the Greenback has ascended to a new 12-year high.
  
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• CORRECTED-UPDATE 3-TransCanada says to keep pushing Keystone; investors skeptical

  09-11-2015 18:44
  CALGARY, Alberta, Nov 6 (Reuters) - TransCanada Corp said on Friday it will keep pressing to build the Keystone XL oil pipeline from Canada to the United States despite the Obama administration's...
  
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• UPDATE 3-Yahoo hires McKinsey to help with reorganization - Re/code

  09-11-2015 18:30
  Nov 9 (Reuters) - Yahoo Inc has appointed management consulting firm McKinsey & Co to help with the reorganization of its core businesses, technology news website Re/code reported on Monday.
  
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• USD/JPY Flashes Overbought Signal- Retail Longs Continue to Narrow

  09-11-2015 18:25
  
  Retail longs in USD/JPY continue to narrow following the NFP report, while the RSI flirts with overbought territory for the first time since June.
  
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• Oil down on growing U.S. stockpile worries, weak Wall Street

  09-11-2015 18:07 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices edged lower on Monday after data showing fresh builds at the delivery point for U.S. crude futures and lower Wall Street share prices offset bullish OPEC demand projections. Crude futures have fallen about $4 a barrel over the past three sessions, partly on concerns that stockpiles of refined U.S. oil products like heating oil were also growing as refineries ramp up output as they emerge from maintenance season amid milder-than-usual weather. Th
  
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• Weaker miners and utilities push FTSE to 3-week low

  09-11-2015 18:02
  LONDON Nov 9 (Reuters) - Britain's top share index hit a three-week low on Monday, with Intercontinental Hotels Group falling after saying it was not considering a potential sale or merger move and...
  
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• Here’s Why Wall Street Bonuses Will Be Smaller This Year

  09-11-2015 17:56 via news.yahoo.com
  
  Year-end bonuses on Wall Street are expected to be 5 percent to 10 percent lower than last year, according to a new analysis by New York-based compensation consulting firm Johnson Associates. “Given the up and down year Wall Street is experiencing this year, smaller year-end incentives across the industry should come as no surprise,” Johnson Associates managing director Alan Johnson said in a statement. Last year, the average bonus in the New York Securities Industry was more than $1
  
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• FTSE hits three-week low as miners and utilities fall

  09-11-2015 17:15
  LONDON Nov 9 (Reuters) - Britain's top share index hit a three-week low on Monday, with Intercontinental Hotels Group falling after saying it was not considering a potential sale or merger move and...
  
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• Wall Street bonuses expected to fall as much as 10 percent: report

  09-11-2015 17:07 via news.yahoo.com
  
  Year-end compensation will be lower by 5 percent to 10 percent broadly throughout the financial services industry, the report said on Monday, with fixed-income traders experiencing an even larger drop as bond trading revenue continues to be weak. Payouts to investment bankers who advise companies on mergers could rise 15 percent to 20 percent as the global market for dealmaking remains strong. Compensation for debt traders, meanwhile, could fall as much as 20 percent from a year ago as doubts ab
  
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• UPDATE 1-Peabody reaches deal with New York AG on climate disclosures

  09-11-2015 17:03
  Nov 9 (Reuters) - Peabody Energy Corp, the biggest U.S. coal miner, said on Monday it had reached an agreement with the New York Attorney General's office to amend its climate change disclosures,...
  
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• Peabody reaches agreement on climate change disclosures

  09-11-2015 16:24
  Nov 9 (Reuters) - Coal miner Peabody Energy Corp said it reached an agreement with the New York Attorney General's office to amend its climate change disclosures, bringing to an end an eight-year...
  
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• Wall Street lower on fresh signs of global weakness

  09-11-2015 16:05 via news.yahoo.com
  
  The Organisation for Economic Co-operation and Development cut its 2015 global growth forecast again, but said the U.S. Federal Reserve should raise interest rates as the U.S. economic recovery gains steam. Priceline was the biggest drag on the S&P 500 and the Nasdaq, falling 6 percent after a weak fourth-quarter profit forecast. U.S. stocks have largely brushed off concerns about the global economy and have ended higher for six weeks in a row, buoyed by better-than-expected corporate result
  
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• Silver Prices Breach Last Week’s low following Evans’ Comments at the Chicago Fed

  09-11-2015 16:03
  
  We expect furhter decline as Silver prices have just breached last week’s low of $14.70 following somewhat more ‘hawkish’ than expected comments from the Chicago Fed’s CEO, Charles L. Evans.
  
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• Warburg Pincus, General Atlantic in talks to invest in UAE payments firm

  09-11-2015 15:58 via news.yahoo.com
  
  By Tom Arnold DUBAI, Nov 9 (Reuters) - Private equity firms Warburg Pincus and General Atlantic are expected to announce a joint deal this week to invest in United Arab Emirates-based payments provider Network International, according to sources. One of the sources said the stake would be purchased from Abraaj Group, which holds a 49 percent stake in the company. Private equity firm Abraaj hired investment bank Moelis & Co to advise it on options for selling its stake in the company, either
  
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• UPDATE 1-Wells Fargo says no immediate plans to buy a UK-based asset manager

  09-11-2015 15:24
  LONDON, Nov 9 (Reuters) - Wells Fargo has no immediate plans to buy an asset manager in Britain, the U.S. bank's regional president said, after a newspaper report said it was considering moves for...
  
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• Why Earnings Will Sink At Antofagasta plc, Burberry Group plc, Johnson Matthey PLC And WM Morrison Supermarkets PLC In 2016

  09-11-2015 15:18 via news.yahoo.com
  
  Royston Wild explains why the near-term outlooks for Antofagasta plc (LON: ANTO), Burberry Group plc (LON: BRBY), Johnson Matthey PLC (LON: JMAT) and WM Morrison Supermarkets PLC (LON: MRW) are less than ...
  
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• Is There a New Bull in the China Shop?

  09-11-2015 15:15
  
  Chinese stocks continue their brisk ascension after the fright of this summer: Is this but a blip in the down-trend, or a sign of better things to come?
  
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• REFILE-UPDATE 3-Lonmin offers 94 pct discount on crucial rights issue

  09-11-2015 15:13
  JOHANNESBURG, Nov 9 (Reuters) - Lonmin priced its $407 million share issue at a 94 percent discount as the platinum miner fights for survival in the face of low prices and after knocking $1.8 billion...
  
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• Wall Street set to open lower on new signs of global weakness

  09-11-2015 15:10 via rocketnews.com
  By Abhiram NandakumarREUTERS – Wall Street was set to open slightly lower on Monday after weak Chinese trade data and an OECD report warning of a global slowdown spurred concerns about weakening demand. Data showed China’s October exports fell 6.9 percent, down for a fourth month, while imports dropped 18.8 percent, leaving the world’s second largest economy with a record high trade surplus of $61.64 billion. The U.S. is one of China’s biggest trade partners. The Organisa
  
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• UPDATE 2-Priceline forecasts Q4 profit below estimate, shares fall

  09-11-2015 14:50
  * Priceline down 6 pct premarket, Expedia down 1.7 pct (Adds details, updates shares)
  
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• GBP/USD: pair in descending channel

  09-11-2015 14:45 via liteforex.com
  Forex analytics: Current trendLast week the Pound fell against the Dollar by more than 400 points.The pair was pressured by the decision from the Bank of England to keep its current interest rate and the Asset Purchase Facility unchanged, while the regulator’s Minutes were primarily in negative tones. In addition, the Pound was pressured by data on the Industrial Production in the UK that came out worse ...
  
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• MIDEAST STOCKS-Egyptian market keeps sliding on FX fears; Gulf rebounds

  09-11-2015 14:38 via rocketnews.com
  * Egyptians fear one-off devaluation, interest rate hike* Blow to Sinai tourism could increase pressure* Alexandria Containers surges in heavy trade* Saudi index bounces from technical support* Dubai’s Amanat weak after nine-month earningsBy Andrew TorchiaDUBAI, Nov 9 (Reuters) – Egypt’s stock market went onsliding on Monday because of fears of a currency devaluation andhigher interest rates, while most major Gulf markets rebounded.The Egyptian equities index, which sank 2.6 p
  
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• Dollar pauses for breath as firming Fed bets push up yields

  09-11-2015 14:30 via rocketnews.com
  By Marc JonesLONDON (Reuters) – The dollar took a breather on Monday after surging to a seven-month high, while emerging, commodity and bond markets were jittery after strong U.S. jobs data boosted bets for a December rate hike by the U.S. Federal Reserve.
  European <.FTEU3> and Asian <.MIAPJ0000PUS> shares both started the week in a subdued mood as a fresh batch of soft Chinese trade data added to the uncertainty surrounding what is increasingly expected to be the Fed’s f
  
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• FTSE steadies as weaker utilities offset firmer energy stocks

  09-11-2015 14:22
  LONDON Nov 9 (Reuters) - Britain's top share index steadied by midsession on Monday, with a rally in energy stocks on the back of stronger crude oil prices offsetting a sell-off in utilities stocks.
  
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• Yahoo hires McKinsey to help with reorganization - Re/code

  09-11-2015 14:11
  Nov 9 (Reuters) - Yahoo Inc has appointed management consulting firm McKinsey & Co to help with the reorganization of its core businesses, technology news website Re/code reported on Monday.
  
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• Healthcare group Pihlajalinna rises on Finland's reform plans

  09-11-2015 14:10
  HELSINKI, Nov 9 (Reuters) - Shares in Finnish healthcare services company Pihlajalinna were up more than 11 percent on Monday in response to government reforms that are expected to benefit private...
  
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• XAG/USD: price declines

  09-11-2015 14:03 via liteforex.com
  Forex analytics: Current trendThe price of precious metals declined significantly when labor market statistics for October were released in the US on Friday. At present, market participants see a 70% chance that the Fed will raise its interest rate in December, up from 56% probability before Friday's release.When interest rates are raised, investment appeal of precious metals declines as the borrowing and ...
  
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• NZD/USD: pair continues falling

  09-11-2015 13:59 via liteforex.com
  Forex analytics: Current trendLast Friday the pair significantly declined after the publication of the US NFPR data for October that substantially exceeded forecasts. Due to increased probability of an interest rates hike in the US in December, pair’s prospects remain grim.Furthermore, worsening property market conditions in New Zealand, low dairy products prices, falling GDP growth rates and increasing ...
  
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• NFP Digestion Has Traders Waiting to Buy the USD Dip

  09-11-2015 13:30
  
  Risk markets may become more unsettled in the coming weeks.
  
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• 2015 Global Growth Below Long Run Average According to the OECD

  09-11-2015 13:30
  
  Downturn in EM economies and world trade has weakened global growth to around 2.9% this year, below the long-run average.
  
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• Stock futures lower after weak Chinese trade data

  09-11-2015 13:26 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – U.S. stock index futures were slightly lower on Monday after weak Chinese trade data for October rekindled concerns about slowing global economic growth.
  * Data showed China’s October exports fell 6.9 percent, down for a fourth month, while imports slipped 18.8 percent, leaving the country with a record high trade surplus of $61.64 billion.
  * Global stocks were subdued as they digested data that showed persistent weakness in demand globally. Traders s
  
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• China's HNA Tourism Group takes stake in France's Pierre & Vacances

  09-11-2015 12:11
  Nov 9 (Reuters) - Pierre & Vacances shares rose as much as 9 percent on Monday after it announced a tie-up with HNA Tourism Group that will see the Chinese company take a 10 percent stake in the...
  
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• Why Main Street’s Big Job Gains Could Really Rattle Wall Street

  09-11-2015 12:00 via news.yahoo.com
  
  What's worse, a December rate hike would worsen the dynamics that have weighed on corporate earnings growth, further worsening Wall Street's outlook. October payrolls added 271,000 workers (vs. the 190,000 expected and the 137,000 reported for September) while the unemployment rate fell a tick to 5.0 percent. Thus, Wall Street's mixed performance on Friday.
  
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• EUR/USD Little Changed After a Rise in Sentix Investor Confidence Index

  09-11-2015 11:28
  
  The Euro was little changed after the Sentix Investor Confidence Index rose to 15.1, but inflation expectations plunged
  
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• UPDATE 1-After Bihar defeat, investors tell Modi to speed up reform

  09-11-2015 10:53
  * Bonds, rupee at lowest since Sept 16 after Bihar polls (Recasts throughout, updates with new quotes, latest prices)
  
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• Brent: another decline

  09-11-2015 10:06 via liteforex.com
  Forex analytics: Current trendAt the end of last week, the price of Brent crude oil hit new local lows amid the publication of US labor market statistics, which increased the possibility of a rate hike in December.According to the US Department of Labor, Non-farm payrolls grew from 137K to 271K, far above the forecast of 180K. Moreover, trading dynamics was influenced by the overall US drilling rig count. ...
  
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• MIDEAST STOCKS-Egypt drops further on FX worries, Saudi moves little

  09-11-2015 09:57 via news.yahoo.com
  
  Egypt's stock market continued dropping early on Monday because of concern about the possibility of a "Big Bang" devaluation of the currency, while Saudi Arabia's bourse traded near technical support. The Egyptian index sank 2.6 percent on Sunday after strong U.S. economic data suggested U.S. interest rates might be hiked next month, putting further pressure on the Egyptian pound. After Egypt's two largest state banks launched savings certificates for Egyptian pounds with a high interest rate of
  
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