Analyst news

• UPDATE 1-Applied Materials revenue rises on sales to memory chip makers

  12-11-2015 23:17
  Nov 12 (Reuters) - Applied Materials Inc, the world's largest maker of machinery used to make semiconductor chips, reported a 4.6 percent rise in revenue, helped by demand from companies making...
  
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• GM to sell Chinese-made cars in the US: report

  12-11-2015 22:58 via news.yahoo.com
  
  General Motors plans to sell Chinese-made cars in the United States beginning early next year, a first for a major automaker, The Wall Street Journal reported Thursday. GM, the top US automaker, will introduce the Buick Envision, a midsize sport-utility vehicle made in Shandong province, the Journal said, citing unidentified people familiar with the plan. The move would add a third SUV to Buick's lineup in the US, joining the Encore, built in South Korea, and the Enclave, built in Michigan.
  
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• Wall St. suffers biggest drop since September

  12-11-2015 22:40 via news.yahoo.com
  
  (Reuters) - Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike.
  
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• Hulu in talks to sell stake to Time Warner: WSJ

  12-11-2015 22:37 via news.yahoo.com
  
  (Reuters) - Hulu is looking to sell a stake to Time Warner Inc in talks that would value the video-streaming service provider at above $5 billion, The Wall Street Journal reported. The talks include cash investment and content licensing, the Journal reported, citing people familiar with the matter. (http://on.wsj.com/1lm7XhX) Time Warner would be an equal stakeholder with other current Hulu owners, the newspaper reported. Time Warner declined to comment, while Hulu was not immediately available
  
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• Nordstrom's same-store sales growth misses estimates

  12-11-2015 22:36
  Nov 12 (Reuters) - Upscale department store operator Nordstrom Inc reported smaller-than-expected comparable sales growth, sending its shares down 15 percent in after-market trading.
  
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• Wall Street suffers biggest drop since September

  12-11-2015 22:32 via news.yahoo.com
  
  Wall Street suffered its worst session in over a month on Thursday as lower commodity prices weighed on energy and materials stocks and comments by a Federal Reserve policymaker hinted at an approaching interest-rate hike. The rout hit all 10 major S&P sectors and pushed the Dow and S&P 500 below their 200-day moving averages, which some traders believe portends additional declines. Investors are keeping a watchful eye on whether the Fed in December will raise rates for the first time in
  
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• Global stocks drop on weak commodities, U.S. rate hike hint

  12-11-2015 22:31 via news.yahoo.com
  
  By David Gaffen and Herbert Lash NEW YORK (Reuters) - Global equity markets fell on Thursday, pulled lower by declining commodity prices that hurt energy shares, and comments by a Federal Reserve policymaker who hinted that a widely-anticipated interest rate hike next month is possible. Gold fell to its lowest level since early 2010 on concerns about a rate hike by the U.S. central bank, and copper prices tumbled to their weakest in more than six years. Weakness on Wall Street, a drop in commodi
  
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• Stocks drop on weak commodities, U.S. rate hike hint

  12-11-2015 22:24 via news.yahoo.com
  
  By David Gaffen and Herbert Lash NEW YORK (Reuters) - Global equity markets fell on Thursday, pulled lower by declining commodity prices that hurt energy shares, and comments by a Federal Reserve policymaker who hinted that a widely-anticipated interest rate hike next month is possible. Gold fell to its lowest level since early 2010 on concerns about a rate hike by the U.S. central bank, and copper prices tumbled to their weakest in more than six years. Weakness on Wall Street, a drop in commodi
  
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• Purplebricks Finds £230m Stock Market Home

  12-11-2015 22:12 via news.yahoo.com
  
  Purplebricks, the online estate agent backed by the City's top fund manager, is preparing to press the button on a stock market listing valuing it at close to £250m. Insiders said on Thursday that Purplebricks had appointed Zeus Capital, an investment bank, to steer it through a flotation. Initial soundings taken from City institutions suggest there is significant demand for Purplebricks' shares even at a valuation of up to £250m, one said.
  
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• AUD/USD to Face Larger Rebound on Strong Australia Employment Report

  12-11-2015 22:00
  
  A marked rebound in Australia employment may generate a larger rebound in AUD/USD as it dampens bets for an RBA rate cut.
  
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• USD/CHF Technical Analysis: Parity Sets Support

  12-11-2015 21:41
  US Dollar strength has been pervasive across markets, and USD/CHF has seen a massive breakout after last week's morning star formation.
  
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• WTI Crude Oil Price Forecast: 2-For-1, 2 Bearish Changes In 1 Week

  12-11-2015 21:00
  
  Another day, another large imbalance in the Supply-Demand picture in WTI Crude Oil.
  
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• Wall Street loses ground as commods weigh; rate hike in focus

  12-11-2015 20:42 via news.yahoo.com
  
  The rout hit all 10 major S&P sectors and pushed the Dow and S&P 500 below their 200-day moving averages. Investors are keeping a watchful eye on whether the Fed in December will raise interest rates for the first time in nearly a decade, as is widely expected after recent strong jobs data. In a speech on Thursday, Fed Chair Janet Yellen did not comment on the economy or the timing of a rate hike.
  
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• EUR/CAD Rebound Faces Test at Monthly Open

  12-11-2015 20:32
  
  EURCAD has responded to a key support confluence with the rebound keeping the immediate focus higher. Here are the updated targets & invalidation levels that matter.
  
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• USD/JPY Risks Larger Pullback as Bull-Flag Formation Takes Shape

  12-11-2015 18:50
  
  The longer-term outlook for USD/JPY remains bullish as the pair appears to be carving a continuation pattern following the breakout from the previous week.
  
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• UPDATE 3-Kohl's sales beat allays concerns about U.S. retail slowdown

  12-11-2015 18:24
  * Shares rise as much as 9.5 pct (Adds details from conference call, graphic; updates shares)
  
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• Britain's FTSE recoils as Rolls Royce rocked by profit warning

  12-11-2015 18:19
  * Miners fall on weak Chinese data (Updates prices at close)
  
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• UPDATE 2-Derma Sciences exploring sale after scrapping drug program

  12-11-2015 17:58
  * Shares fall as much as 31 pct to touch 6-year low (Adds comments from conference call, updates shares)
  
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• EU lawmakers reach 'broad understanding' on curbing bank trading risks

  12-11-2015 17:49 via news.yahoo.com
  
  By Francesco Guarascio and Huw Jones BRUSSELS/LONDON (Reuters) - European Union lawmakers have reached a "broad understanding" on new rules to curb risky trading in the bloc's biggest banks, a measure that is fiercely opposed by the banking sector. Draft rules were proposed in January 2014 and are seen as Europe's answer to the Volcker Rule on Wall Street to stop risks from trading hurting other parts of a bank, such as customer deposits. Lawmakers from the main parties in the European Parliamen
  
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• US Dollar Targets Multi-Year Highs versus Canadian Dollar

  12-11-2015 17:40
  
  Our retail forex trader data shows that the majority of traders remain net-short the US Dollar versus the Canadian Dollar, and a contrarian view of crowd sentiment leaves us in favor of buying into USD/CAD strength.
  
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• New Zealand Dollar Outlook Mixed, but Watch this Price Level

  12-11-2015 17:40
  
  Indecisive retail forex trader sentiment leaves us with a mixed short-term trading bias on the New Zealand Dollar.
  
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• Forex Trading Sentiment Warns US Dollar Likely to Continue Higher

  12-11-2015 17:40
  
  Our retail FX trader data shows that the trading crowd remains short the US Dollar against most major counterparts. We see it moving higher for these reasons.
  
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• Euro Remains a Sell as Trading Crowds Buy

  12-11-2015 17:40
  
  Our retail forex trader data shows the majority of traders remain long the Euro versus the US Dollar, and a contrarian view of crowd trading sentiment leaves us watching for continued EUR/USD weakness.
  
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• British Pound Remains in Downtrend - Test of Support is Key

  12-11-2015 17:40
  
  Consistently one-sided retail forex trader sentiment warns that the British Pound may continue lower versus the US Dollar.
  
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• Australian Dollar Remains Likely to Fall Further

  12-11-2015 17:40
  
  Our retail forex trader sample shows that the majority of traders remain long the Australian Dollar versus the US Dollar, and indeed this has remained the case since the pair crossed below $0.80 in May.
  
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• UPDATE 2-British Airways-owner IAG denies it is in Finnair deal talks

  12-11-2015 16:37
  LONDON/HELSINKI, Nov 12 (Reuters) - British Airways-owner IAG is not in talks with Finnair, it said on Thursday, denying a report in a Finnish newspaper that had fuelled speculation it might take a...
  
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• Wall Street falls as energy, materials stocks drag

  12-11-2015 16:10 via news.yahoo.com
  
  U.S. stocks were lower on Thursday morning as materials and energy stocks sank due to lower commodity prices and investors weighed the prospect of an increase in interest rates next month. Fed Chair Janet Yellen said that the central bank must weigh the effects of post-crisis financial regulations and new channels through which policy affects markets as it prepares to raise interest rates. St. Louis Fed President James Bullard, who is ready to raise U.S. rates, said the United States and other c
  
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• FTSE 250 movers: Earnings downgrades weigh on London's midcaps

  12-11-2015 16:06 via news.yahoo.com
  
  (ShareCast News) - London's FTSE 250 was down 1.4% to 16,858.34 as a series of earnings downgrades soured the mood.
  
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• Price & Time: EUR/USD - To Bounce or Not To Bounce

  12-11-2015 15:50
  
  Currently the EUR/USD is stalled at square root resistance; may a bearish Head and Shoulders pattern be developing in the cross, or is it a bearish consolidation?
  
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• Wall St. set to open flat ahead of Yellen comments

  12-11-2015 15:12 via rocketnews.com
  By Abhiram Nandakumar and Yashaswini Swamynathan(Reuters) – Wall Street was set to open flat on Thursday after data showed weekly U.S. jobless claims held steady at levels consistent with sustained labor market strength that could encourage the Federal Reserve to raise interest rates next month.
  U.S. jobless claims benefits were unchanged at 276,000 last week, compared with the 270,000 expected, data showed.
  The encouraging data comes ahead of scheduled speeches by several Fed policymakers
  
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• Wall Street set to open flat ahead of Yellen comments

  12-11-2015 14:58 via rocketnews.com
  By Abhiram Nandakumar and Yashaswini Swamynathan(Reuters) – Wall Street was set to open flat on Thursday after data showed weekly U.S. jobless claims held steady at levels consistent with sustained labor market strength that could encourage the Federal Reserve to raise interest rates next month.
  U.S. jobless claims benefits were unchanged at 276,000 last week, compared with the 270,000 expected, data showed.
  The encouraging data comes ahead of scheduled speeches by several Fed policymakers
  
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• EUR/USD: Central banks members’ speeches

  12-11-2015 14:53 via liteforex.com
  Forex analytics: Current trendGiving his speech this morning before the European Parliament, ECB President Mario Draghi supported the idea of expanding the asset-purchasing program and stated that the regulator will reconsider its monetary policy at the meeting in December.At the same time, Fed Chair Janet Yellen last week confirmed that an interest rates hike in the US in December is very ...
  
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• A Strategy for Trading Fedspeak (specific focus on EUR/USD)

  12-11-2015 14:43
  
  After a holiday in the US, markets are primed for volatility as the primary driver across markets (Central Bank commentary) takes center stage.
  
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• CAC40 Fails at Resistance

  12-11-2015 14:30
  
  The CAC40 has failed to breakout above daily resistance. Learn the key values for trading the Index, before tomorrow’s GDP event.
  
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• USD/JPY: pair continues growing

  12-11-2015 14:07 via liteforex.com
  Forex analytics: Current trendThis week the USD/JPY pair is consolidating in a narrow sideways channel after a significant growth in the end of the last week. Low volatility in the pair is likely to be caused by the absence of important publications from the US and Japan.The pair is supported by recent poor macroeconomic data from Japan and expectations of an interest rate hike in the US in December.In the ...
  
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• USD/CAD: Fibonacci analysis

  12-11-2015 14:03 via liteforex.com
  Forex analytics: A downward correction is possible.On the 4-hour chart, the price is moving towards November highs at the level of 1.3310 (0.0% correction), the breakout of which leads to a growth to 1.3415 (0.0% correction for the medium-term trend). If the price reverses and breaks down the level of 1.3267, a correction to 1.3236 and 1.3200 (23.6% correction for the short-term trend) should be expected.On ...
  
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• European shares dragged lower by earnings misses

  12-11-2015 13:48 via news.yahoo.com
  
  European shares fell on Thursday, hit by a number of disappointing earnings updates, although hints of renewed stimulus from the European Central Bank did offer some support. In choppy trading, the pan-European ...
  
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• Important Retest of Daily 8-EMA Unfolds for the USDOLLAR Index

  12-11-2015 13:41
  
  Fed policymakers' speeches dominate the calendar today, and could prove to be significant catalysts for the US Dollar.
  
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• USD/TRY: within range since October

  12-11-2015 13:28 via liteforex.com
  Forex analytics: Current trendThe TRY surged after the ruling Justice and Development Party won a majority in the November 1 elections.The new government aims at attracting foreign direct investment as well as at supporting the business industry in order to increase exports and reduce imports. Therefore, it might be essential to cut current interest rates, which have been kept unchanged at the level of 7.5% ...
  
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• Merck KGaA ups earnings outlook on strong biotech labs demand

  12-11-2015 12:52 via news.yahoo.com
  
  By Ludwig Burger FRANKFURT (Reuters) - German drugs and chemicals maker Merck KGaA has raised its full-year core earnings forecast in response to strong demand for its lab supplies and on the back of its $17 billion Sigma-Aldrich purchase. The Sigma-Aldrich deal, which got regulatory approval this week, will make Merck's Life Science business the world's second-largest supplier of biotech labs and drug companies after Thermo Fisher. As a supplier of substances and devices to the drug industry, M
  
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• IMI slumps as it says earnings will be at low end of market views

  12-11-2015 11:59 via news.yahoo.com
  
  (ShareCast News) - IMI slumped on Thursday after the engineering company said it expects adjusted earnings for the year to be towards the lower end of the range of current market estimates amid challenging ...
  
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• DAX 30 Is Primed To Trade Higher

  12-11-2015 11:41
  
  Yesterday the DAX 30 surged to the upper regions of its 10,730 - 11,033 range. The Index has since pulled back below the midpoint within the 10,730 - 11,033 range, but this has not altered the outlook for the DAX 30.
  
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• Malaysia PM to give statement about transferred funds ‘soon’

  12-11-2015 10:52 via rocketnews.com
  KUALA LUMPUR (Reuters) – Malaysian Prime Minister Najib Razak said on Thursday he will give a statement to the anti-graft agency soon over funds worth 2.6 billion ringgit ($595.58 million) that were transferred into his bank accounts. The Wall Street Journal reported in July that investigators looking into debt-laden state investor 1Malaysia Development Berhad (1MDB) found that funds were moved into Najib’s accounts, sparking a political crisis for Najib and his government. Najib de
  
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• MIDEAST STOCKS-Egypt rebounds after four-day drop, Saudi mostly stable

  12-11-2015 10:27 via rocketnews.com
  DUBAI, Nov 12 (Reuters) – Egypt’s stock market reboundedearly on Thursday after dropping for four days because of fearsof a possible currency devaluation, while Saudi Telecomcontinued rising sharply in a mostly flat market. The Egyptian stock index tumbled as much as 10percent earlier this week amid great uncertainty about thecentral bank’s intentions towards the currency. Some bankers believe authorities are preparing to float thepound – a step that could help to solve
  
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• Fed Rate Hike Bets May Have Driven Largest Equity Outflow in 4 Years

  12-11-2015 10:27
  
  Federal Reserve interest rate hike speculation may have triggered the largest weekly outflow from US-based equity funds since August 2011.
  
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• BAE Systems sees flat earnings in 2015 on Typhoon production cut

  12-11-2015 09:59 via rocketnews.com
  LONDON (Reuters) – Europe’s biggest defence company BAE Systems plc warned on Thursday it would see no growth in earnings in 2015 after it reduced the rate of production of Typhoon aircraft and said it would cuts jobs in Britain and Australia.The company said that including a benefit of 2 pence from tax provisions, it expected underlying earnings per sharefor 2015 of around 38 pence. The downgrade brings the company in line with current market expectations, as analysts recognized a b
  
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• FTSE 100 Remains In A Position To Trade Higher

  12-11-2015 09:58
  
  The FTSE 100 is trying to stabilize above 6250 which is the current major trend-defining-level. In the case that we trade above this level, the index will still be in a position to resume its bullish posture.��
  
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• Mauritius firm Rogers Q1 pretax earnings up, helped by one-off item

  12-11-2015 09:22 via rocketnews.com
  PORT LOUIS (Reuters) – Mauritius-based conglomerate Rogers and Company reported on Thursday a 37.6 percent rise in pretax earnings for the three months to Sept. 30, helped by a one-off profit from acquisitions. The group, which operates in the island’s financial, property, hotel, aviation and logistics sectors, said profit before tax rose to 132.6 million Mauritius rupees ($3.7 million) for first quarter of its financial year. “These first quarter results augur well for an imp
  
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• Earnings slide at Bilfinger as energy clients cut spending

  12-11-2015 09:17 via rocketnews.com
  * Q3 adjusted EBITA down 24 pct at 58 million euros* Market conditions for power plant unit worsened in Q3
  * Maintains full-year adjusted EBITA guidance (Updates throughout, adds shares, analyst comment)
  FRANKFURT, Nov 12 (Reuters) – Struggling German engineeringservices firm Bilfinger (Amsterdam: BG6.AS – news) saw earnings slide further inthe third quarter after its clients slashed spending in the oiland gas sector and its ailing power plant business still weighedon the balance she
  
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• Siemens sees higher 2016 earnings after Q4 beat

  12-11-2015 09:04 via rocketnews.com
  BERLIN (Reuters) – Europe’s biggest industrial group Siemens expects a double-digit rise in earnings for its current fiscal year provided that markets pick up for some of its key businesses. The trains-to-turbines group, which is the first of its peers to give an outlook for the year ahead, forecast a moderate full-year rise in revenue and a book-to-bill ratio above 1 after beating expectations for fourth-quarter profit. “Siemens anticipates further softening in the macroecono
  
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