Analyst news

• Wall Street ends sharply lower; energy leads decline

  02-12-2015 23:19 via news.yahoo.com
  
  U.S. stocks closed sharply lower on Wednesday after hawkish comments from Janet Yellen boosted expectations of an interest rate hike, and oil dipped below $40 a barrel. Investors also attributed late-day selling to news coverage of a shooting in southern California. The S&P 500 energy index fell 3.1 percent, leading declines in the S&P 500 as U.S. crude oil futures finished the session down 4.6 percent at $39.94.
  
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• Yellen comments boost dollar, stocks fall

  02-12-2015 22:18 via news.yahoo.com
  
  The dollar strengthened on Wednesday and stocks fell on Wall Street, as Federal Reserve Chair Janet Yellen signaled a readiness to hike interest rates and U.S. data indicated a solid labor market. Yellen said she was "looking forward" to a U.S. rate hike that will be seen as a testament to the economy's recovery from recession, although she did not indicate if she still expected a hike would be warranted at the Fed's last policy meeting of the year on Dec. 15-16. "I was a little surprised she so
  
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• WTI Crude Oil Price Forecast: Iran Speaks, Saudi Denies, Oil Falls

  02-12-2015 21:48
  
  Crude Oil Technical Strategy: Oil Prints Lowest Price Since August 26th, Further Downside Favored
  
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• US DOLLAR Technical Analysis: Mid-Week Run At New Highs Falls Short

  02-12-2015 21:03
  
  US Dollar Technical Strategy: New Highs Seem All-But Inevitable
  
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• S&P 500 Technical Outlook: Chop Near Resistance Sets Support(s)

  02-12-2015 20:45
  
  The S&P continues to trade near resistance, as has become normal over the six-year up-trend. But with heavy data ahead, how might traders respond?
  
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• White House urges Congress to abandon riders, fund government

  02-12-2015 19:53 via news.yahoo.com
  
  WASHINGTON (Reuters) - The Obama administration on Wednesday called on Congress to quickly pass legislation to fund the federal government, saying proposed riders would undermine Wall Street reform, carbon curbs for power plants, and Obamacare health insurance law. "Congressional Republicans are whistling past the political graveyard of a government shutdown," White House spokesman Josh Earnest told reporters at a briefing. ...
  
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• USD/JPY Testing Uptrend Resistance- Key NFP Levels

  02-12-2015 19:44
  
  The breakout is eyeing near-term resistance with pullbacks to offer favorable long entries. Here are the updated targets & invalidation levels that matter.
  
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• Dow, S&P 500 stay lower after Yellen comments

  02-12-2015 19:40 via news.yahoo.com
  
  Record highs in Alphabet, Amazon and Netflix kept the Nasdaq in slightly positive territory. In prepared remarks to the Economic Club of Washington, Yellen said she was "looking forward" to a rate hike that will be seen as a testament to the economy's recovery from recession.
  
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• US STOCKS-Dow, S&P 500 stay lower after Yellen comments

  02-12-2015 19:36 via news.yahoo.com
  
  The S&P 500 and the Dow stayed modestly lower Wednesday afternoon following comments by Federal Reserve Chair Janet Yellen suggesting the U.S. central bank may be ready to raise rates. Record highs in ...
  
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• Gold Prices: Seeking Out Support from the Two-Year Channel

  02-12-2015 19:15
  
  Gold prices continue to hurdle lower, but how can traders look to jump on the trend without having to employ 'hope' as a trading strategy?
  
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• Dollar strength continues after Yellen comments, stocks dip

  02-12-2015 19:10 via news.yahoo.com
  
  The dollar extended gains on Wednesday and stocks dipped on Wall Street, as Federal Reserve Chair Janet Yellen signaled a readiness to hike interest rates and investors took in U.S. data that indicated a strengthening labor market. Yellen said she was "looking forward" to a U.S. interest rate hike that will be seen as a testament to the economy's recovery from recession. "There could be events I suppose, terrorism or otherwise, that could make you postpone, but I think the certainly of (a rate h
  
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• GBP Searches for Support- EUR/USD Outlook Mired by ECB Bets

  02-12-2015 19:00
  
  The U.S. dollar may continue to gain ground against its European counterparts as the ECB is widely expected to further embark on its easing cycle.
  
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• Dow, S&P 500 slightly lower after Yellen comments

  02-12-2015 18:58 via rocketnews.com
  By Caroline Valetkevitch(Reuters) – The S&P 500 and the Dow stayed modestly lower Wednesday afternoon following comments by Federal Reserve Chair Janet Yellen that she was “looking forward” to a U.S. interest rate hike. Record highs in Alphabet, Amazon and Netflix helped to boost the Nasdaq, which added slightly to its gain after Yellen’s comments. Yellen, in prepared remarks, said she was looking forward to a rate hike that will be seen as a testament to the economy&
  
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• US STOCKS-Dow, S&P 500 slightly lower after Yellen comments

  02-12-2015 18:56 via rocketnews.com
  * Alphabet(Xetra: ABEA.DE – news) , Amazon, Netflix (Xetra: 552484 – news) at record highs* Private sector adds most jobs since June
  * Dow down 0.2 pct, S&P down 0.3 pct, Nasdaq (NasdaqGS: NDAQ – news) up 0.2 pct (Updates to after Yellen comments)
  By Caroline Valetkevitch
  Dec (Shanghai: 600875.SS – news) 2 (Reuters) – The S&P 500 and the Dow stayed modestlylower Wednesday afternoon following comments by Federal ReserveChair Janet Yellen that she was “l
  
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• Why President Obama Rejected the Pentagon’s Plan to Close Gitmo

  02-12-2015 18:50 via rocketnews.com
  Last month the Obama administration rejected a long-awaited Pentagon plan to close the U.S. detention facility at Guantanamo Bay, Cuba. The agency pegged the cost at up to $600 million, including as much as $350 million in construction costs, according to The Wall Street Journal.Related: Obama Readies Biggest Reach of Presidential Power Yet
  The price was too high for President Obama, who pledged to close the prison during the 2008 election. He rejected the scheme in a November 10 meeting with De
  
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• With buyback help, Yahoo stock has soared under Mayer

  02-12-2015 18:38 via rocketnews.com
  By Rodrigo CamposNEW YORK (Reuters) – Investors who made early bets on Marissa Mayer’s ability to turn around Yahoo Inc were well rewarded for their faith: the share price has more than doubled and widely outperformed the broader stock market since she took over as president and CEO in July 2012. But those still betting on her may have lingered too long as the stock nearly halved from November 2014 to last September. Much of the long upward trajectory was funded by an aggressive shar
  
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• China’s Energy Sectors Face Continued Pressure

  02-12-2015 18:18
  
  China’s energy sectors were hit hard as data continues to show signs of economic slowdown.
  
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• Yahoo shares jump as report says it may sell internet business

  02-12-2015 17:05 via rocketnews.com
  The Yahoo Inc. board of directors is considering a plan to sell off the company’s troubled internet business, according to a report in the Wall Street Journal.The Yahoo board has a series of meetings from Wednesday to Friday in which it is discussing options over how to move forward on its lucrative stake in Chinese e-commerce firm Alibaba Group.
  Shares of Yahoo rose sharply Wednesday on the news. It was up seven per cent to $36 US in midmorning trading on the Nasdaq stock exchange.
  Activi
  
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• How to Be Ready for the ECB

  02-12-2015 15:07
  
  In a meeting in which much of the world expects an increase in bond purchases, what can the ECB say to send the Euro lower?
  
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• DAX 30: Traders are Cautious, Bigger Pullback Probably Needed

  02-12-2015 13:28
  
  The DAX 30 has struggled to trade higher but the overall trend remains bullish above last week's low of 10,871.
  
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• RBC fourth-quarter earnings beat estimates on retail banking

  02-12-2015 13:14 via rocketnews.com
  TORONTO (Reuters) – Royal Bank of Canadareported an 11 percent rise in fourth-quarter profit that topped market expectations, driven by gains at its personal, commercial banking and capital markets businesses. Earnings at its personal and commercial banking segment rose 10 percent to C$1.27 billion. Net income at its capital markets division jumped 38 percent, reflecting a lower effective tax rate and strength in its global markets businesses.But profits fell at both its wealth management
  
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• USD/CAD: interest rate decision

  02-12-2015 12:06 via liteforex.com
  Forex analytics: Current trendToday at 5 pm (GMT+2) the Bank of Canada will make its Interest Rate Decision. According to forecasts, the rate is going to remain unchanged at 0.5% though regulator’ officials loudly supported the idea of further monetary policy easing before.At the same time, yesterday’s data on the API Weekly Crude Stock Change showed an increase in oil reserves of 1.6 million barrels. ...
  
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• Yahoo Considering 'Selling Off' Core Business

  02-12-2015 12:03 via news.yahoo.com
  
  Yahoo is reportedly considering selling its core internet business, a move that would mark the end of an era for one of the web's best-known names. Shares in Yahoo rose 7% in extended trading after the Wall Street Journal reported the possible sale. Yahoo's core services include Yahoo Mail, plus its news and sports sites.
  
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• EUR/USD Takes a Nosedive as Near Zero CPI Fuels ECB bets

  02-12-2015 11:54
  
  The Euro dropped more than 0.35% versus the US Dollar after today's CPI data sparked bets the ECB will take action tomorrow.
  
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• AUD/USD: GDP grew

  02-12-2015 11:48 via liteforex.com
  Forex analytics: Current trendToday, the AUD/USD pair gained strong support when GDP statistics were released in Australia. The indicator grew from 0.3% to 0.9% in the third quarter that was 0.1% above the forecast. In annual terms, the indicator was up to 2.5% from previous 1.9% and against the forecast of 2.4%.At the same time, despite local strengthening, the Australian Dollar remains under pressure amid a ...
  
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• Britain's FTSE boosted, with pharmaceutical stocks in demand

  02-12-2015 10:12
  LONDON, Dec 2 (Reuters) - Britain's top share index rose on Wednesday, helped by bullishness over pharmaceutical stocks from brokers, though software firm Sage fell after results.
  
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• FTSE 100 Remains On Track To Reach its November High

  02-12-2015 10:03
  
  The FTSE 100 maintains its bullish posture and remains on track to reach our target, the November high of 6461.5.Today's most important macro driver should be the U.S. ADP Employment index followed by Janet Yellen's speech to the Economic Club of Washington.
  
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• US Dollar Vulnerable as Focus Turns to Pace of Rate Hike Cycle

  02-12-2015 09:54
  
  The US Dollar may turn lower if commentary from Federal Reserve officials stresses the likely slow pace of the on-coming interest rate hike cycle.
  
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• Gold Holds up Amid USD Unwinding while Copper Sinks on Low U.S. ISM

  02-12-2015 09:27
  
  USD unwinding before event risk sustains gold gains. Oil stressed by stock build report. Copper struggles after weak U.S. manufacturing data
  
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• Brent: price continues declining

  02-12-2015 09:24 via liteforex.com
  Forex analytics: Current trendOn Tuesday, the price of Brent crude oil continued declining. Concerns about oversupply of the oil market still have a strong negative effect on the price of oil.Market participants are waiting for the results of the upcoming OPEC meeting, due on Friday. OPEC is expected to keep its output target unchanged. Moreover, some analysts suggest that the price of oil might fall to $35 ...
  
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• NZD/USD: pair strengthened

  02-12-2015 09:16 via liteforex.com
  Forex analytics: Current trendYesterday the pair significantly strengthened.The pair was supported by mixed macroeconomic statistics from the US and strong data from New Zealand. October Building Permits showed a significant growth of the figure and came out at 5.1% against the previous figure of -5.8%, while the ANZ Business Confidence for November grew from 10.5 to 14.6 points. In addition, at the auction ...
  
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• UPDATE 1-UK insurer Saga's largest shareholder sells 13 pct stake

  02-12-2015 09:04
  Dec 2 (Reuters) - Saga Plc's largest shareholder Acromas Bid Co Ltd has sold a 13 percent stake in the UK travel and insurance company via a discounted placing, joint bookrunner BofA Merrill Lynch...
  
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• UK insurer Saga's largest shareholder sells 13 pct stake

  02-12-2015 08:39
  Dec 2 (Reuters) - Saga Plc's largest shareholder Acromas Bid Co Ltd has sold a 13 percent stake in the UK travel and insurance company via a discounted placing, joint bookrunner BofA Merrill Lynch...
  
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• Property site Zoopla says agents returning as earnings rise

  02-12-2015 08:30 via news.yahoo.com
  British property website Zoopla said the numbers of agents on its books continued to rise in recent months as it posted slightly higher-than-expected full-year earnings. It said 16,411 agents were listing properties on its sites at the end of the period, as it attracted back some agents who had signed up to rival OnTheMarket, which only allows listings on one other site. Many agents using OnTheMarket had opted for market leader Rightmove as their second choice over Zoopla.
  
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• U.S. debt limit threat defanged on Wall Street

  02-12-2015 07:27 via news.yahoo.com
  
  By David Lawder WASHINGTON (Reuters) - Wall Street trembled when Republicans first began threatening to force the United States into default by not raising the federal debt limit, but after four years of fiscal standoffs, the threat looks increasingly like a bluff and the markets are calling it. A Reuters analysis, tracking short-term Treasury yields, credit default swaps and market volatility data, showed traders are increasingly less likely to respond to repeated ultimatums from Republicans in
  
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• News of the day. Wednesday 02.12.2015

  02-12-2015 07:23 via liteforex.com
  Forex analytics: Out of macroeconomic publications that traders need to pay attention to today, important releases are due from the US, Canada and the eurozone. Data on inflation is due at 12 pm (all times stated in GMT+2) in the eurozone. On a year-to-year basis, the Consumer Price Index is expected to grow from 0.1% to 0.2% against the previous month, while the Producer Price Index is expected to fall by 3.2% ...
  
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• Insight - U.S. debt limit threat defanged on Wall Street

  02-12-2015 07:14 via news.yahoo.com
  
  By David Lawder WASHINGTON (Reuters) - Wall Street trembled when Republicans first began threatening to force the United States into default by not raising the federal debt limit, but after four years of fiscal standoffs, the threat looks increasingly like a bluff and the markets are calling it. A Reuters analysis, tracking short-term Treasury yields, credit default swaps and market volatility data, showed traders are increasingly less likely to respond to repeated ultimatums from Republicans in
  
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• USD/CNH Technical Analysis: Yuan Gains Hinted Ahead

  02-12-2015 05:27
  
  The US Dollar may be preparing to turn lower against the Chinese Yuan in offshore trade after prices put in a Bearish Engulfing candlestick pattern below chart resistance.
  
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• Key Indian equity indices open tad higher, trade flat

  02-12-2015 05:24 via news.yahoo.com
  
  Mumbai, Dec 2 (IANS) Key Indian stock market indices opened marginally higher on Wednesday but the outlook was cautious on the back of weak global macroeconomic data, notably the contraction in US manufacturing sector to its weakest level since June 2009. At the National Stock Exchange (NSE), the Nifty was also ruling at 7,960.70 points with a slight gain of 5.80 points, or 0.07 percent.
  
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• Yahoo board to weigh future of company, Marissa Mayer - source

  02-12-2015 05:21 via news.yahoo.com
  
  SAN FRANCISCO/BENGALURU (Reuters) - The board of Yahoo Inc is weighing a sale of its core Internet business when it meets this week, a source familiar with the matter told Reuters. The board's meeting comes amid a broader debate about the future of the company and that of high-profile Chief Executive Marissa Mayer. The Wall Street Journal first reported the possible sale of the Internet business late on Tuesday.
  
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• Fed’s Brainard Discusses Rates Beyond Liftoff

  02-12-2015 05:21
  
  The US Dollar didn’t stir on commentary from Board of Governors member Brainard as she abstained from December forecasting, but her longer view may be the market’s next concern.
  
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• UPDATE 3-Brazil's BTG loses investment grade, bonds slump after CEO arrest

  02-12-2015 04:52
  SAO PAULO, Dec 2 (Reuters) - Moody's Investors Service stripped Brazil's troubled Banco BTG Pactual SA of its investment-grade rating on Tuesday as confidence in the investment bank's future and its...
  
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• AUD Firm with Upbeat Stevens despite Profit Taking after Solid Q3 GDP

  02-12-2015 04:42
  
  AUD stays elevated despite profit taking of longs following solid Q3 GDP. Upbeat messages from RBA Governor hint at wait-and-see strategy
  
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• Australian GDP Figures Readjust RBA Policy Bets

  02-12-2015 03:13
  
  The Aussie Dollar displayed a tepid move to the upside as positive third quarter Australian GDP data readjust the markets’ speculation for an imminent RBA rate cut.
  
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• Yahoo board to weigh future of company, Marissa Mayer – WSJ

  02-12-2015 02:47 via rocketnews.com
  SAN FRANCISCO/BENGALURU (Reuters) – The board of Web giant Yahoo Incis set to discuss the company’s future, and that of high-profile Chief Executive Marissa Mayer, when it meets this week, The Wall Street Journal reported late on Tuesday.People familiar with the matter told the newspaper the board was expected to discuss during meetings from Wednesday through Friday whether to proceed with a plan to spin off more than $30 billion (£20 billion) in shares of Alibaba Holding Group
  
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• Moody's strips Brazil's BTG Pactual of investment grade

  02-12-2015 02:30
  BRASILIA, Dec 1 (Reuters) - Moody's Investors Service downgraded Banco BTG Pactual S.A. two notches to BA2 from BAA3, striping the Brazilian investment bank of its investment grade following the...
  
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• Yahoo board to weigh potential sale of Internet business - WSJ

  02-12-2015 01:54 via news.yahoo.com
  
  (Reuters) - Online search and advertising company Yahoo Inc's board plans to weigh the potential sale of its Internet business when it meets Wednesday through Friday, The Wall Street Journal reported on Tuesday The company's shares were up 5.2 pct at $35.45 in extended trading. People familiar with the matter told the newspaper that the board was expected to discuss whether to proceed with a plan to spin off more than $30 billion (£20 billion) in shares of Alibaba Holding Group Ltd or find
  
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