Analyst news

• Wall Street drops as oil's multi-year low adds to investor fears

  11-12-2015 23:27 via news.yahoo.com
  
  U.S. stocks closed sharply lower on Friday, with the S&P 500 ending its worst week since August, as plunging crude oil prices compounded investor nervousness on expectations for the first U.S. interest rate hike in nearly a decade. Oil dragged down market as a whole, as investors worried whether a weakness in commodities signalled a broader slowdown. Furthermore, investors were worried about declines in China's yuan and in high-yield debt markets.
  
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• A rout in crude oil prices hammers the stock market

  11-12-2015 22:59 via rocketnews.com
  
  NEW YORK (AP) — A slump in oil prices sparked a global sell-off in financial markets on Friday with losses spreading from Asia to Europe to the U.S., where stocks fell sharply to cap their worst week since the summer.The selling was broad, with all 10 sectors of the Standard and Poor’s 500 index ending down. Fearful investors put their money in government bonds, especially U.S. Treasurys. Another measure of fear in the markets, the so-called Vix index, jumped and is now up 70 percent
  
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• CORRECTED-UPDATE 6-Dow, DuPont set $130 bln megamerger, could spark more deals

  11-12-2015 21:59
  
  Dec 11 (Reuters) - Chemical titans DuPont and Dow Chemical Co agreed to combine in an all-stock merger valued at $130 billion in a move that pleased activist investors, would generate tax savings and...
  
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• CORRECTED-UPDATE 1-Dow Chemical to take full control of JV with Corning

  11-12-2015 21:54
  
  Dec 11 (Reuters) - Seeds and chemical maker Dow Chemical Co said it would assume full control of Dow Corning, its joint-venture with Gorilla glass maker Corning Inc.
  
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• Dollar falls on jitters ahead of Fed meeting

  11-12-2015 21:38 via news.yahoo.com
  
  By Dion Rabouin and Richard Leong NEW YORK (Reuters) - The dollar fell on Friday against a basket of currencies as a sell-off on Wall Street and slumping commodity prices overshadowed solid data on U.S. retail sales data and consumer sentiment which may encourage the Federal Reserve to hike interest rates next week. The dollar index fell 0.4 percent at 97.560. On the week, it was down 0.8 percent as Wall Street had a dismal week.
  
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• UPDATE 1-Brazil police to question Lula in bribery probe involving son

  11-12-2015 21:32
  
  BRASILIA, Dec 11 (Reuters) - Brazil's former President Luiz Inacio Lula da Silva has been called in for questioning next week by federal police in a bribery investigation involving his son Luis...
  
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• UPDATE 6-Dow, DuPont set $130 bln megamerger, could spark more deals

  11-12-2015 21:29
  
  * Dow CEO Liveris to be executive chairman (Adds Sen. Grassley comment, graphics link, updates shares)
  
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• Oil skids towards 11-year low as IEA warns of worse glut

  11-12-2015 21:26 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices extended their freefall on Friday, flirting with 11-year lows, after the International Energy Agency (IEA) warned that global oversupply of crude could worsen next year. Brent and U.S. crude's West Texas Intermediate (WTI) futures fell as much as 5 percent on the day and 12 percent on the week as mild pre-winter weather and a plummeting U.S. stock market added to the toll on oil prices. "The bearish IEA report has put further selling pressure on
  
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• UPDATE 3-Renault-Nissan's French peace deal leaves investors underwhelmed

  11-12-2015 21:25
  
  * Renault shares close more than 5 pct lower (Updates with investor and analyst comment, more detail, background and share reaction)
  
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• Buy or Sell: EUR/USD Prepares for FOMC Meeting

  11-12-2015 21:07
  
  EUR/USD stabilizes near 1.10 in advance of the anticipated Fed rate announcement. Technical analysis, sentiment, and volume readings on EUR/USD suggest a continued correction of the previous down trend.
  
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• Argentina, Wall Street banks in talks on financing line

  11-12-2015 20:42 via rocketnews.com
  By Jorge Otaola and Nicolás MisculinBUENOS AIRES (Reuters) – Argentina’s new government is negotiating with a group of Wall Street banks for a credit line worth up to $7 billion to bolster its low foreign reserves and help it eventually lift capital controls, a banking source said on Friday. President Mauricio Macri, who took office on Thursday, wants to move quickly to remove currency controls that restrict access to U.S. dollars but is stymied by the central bank’s pre
  
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• USD/JPY Reverses November Breakout; Working on Yearly Doji

  11-12-2015 20:11
  
  USD/JPY technical observations on the monthly chart warn of a top. This week’s drop under 121.60, which was the bullish breakout level in November, may serve as an early trigger that the broader trend has reversed.
  
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• Brazil police to question Lula in bribery probe involving son

  11-12-2015 20:10
  
  BRASILIA, Dec 11 (Reuters) - Former President Luiz Inacio Lula da Silva has been called in for questioning next week by Brazil's federal police in a bribery investigation involving his son Luis...
  
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• AstraZeneca in talks to buy cancer drugmaker Acerta for $5 billion - WSJ

  11-12-2015 20:09 via news.yahoo.com
  
  (Reuters) - British drugmaker AstraZeneca Plc is in advanced talks to buy privately held cancer drug developer Acerta Pharma BV for more than $5 billion (£3.3 billion), the Wall Street Journal reported, citing people familiar with the matter. Netherlands based-Acerta is developing cancer drugs that use the body's own defences against the disease. On Monday, Acerta reported that 95 percent of patients with chronic lymphocytic leukaemia positively responded to its experimental drug acalabrut
  
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• Oil eyes 11-year low as IEA warns of worse glut, U.S. stays warm

  11-12-2015 20:04 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices extended their freefall on Friday, flirting with 11-year lows, after the International Energy Agency (IEA) warned that global oversupply of crude could worsen next year. Brent and U.S. crude's West Texas Intermediate (WTI) futures fell as much as 5 percent on the day and 12 percent on the week as mild pre-winter weather and a plummeting U.S. stock market added to the toll on oil prices. "The bearish IEA report has put further selling pressure on
  
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• Argentina negotiating financing worth up to $7 billion with banks - source

  11-12-2015 19:23 via news.yahoo.com
  
  By Jorge Otaola and Nicolás Misculin BUENOS AIRES (Reuters) - Argentina's new government is negotiating with a group of Wall Street banks for a credit line worth up to $7 billion (£4.6 billion) to bolster its low foreign reserves and help it lift capital controls, a banking source said on Friday. Centre-right President Mauricio Macri, who took office on Thursday, wants to move quickly to remove currency controls that restrict access to U.S. dollars but is stymied by the central bank
  
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• Which stock sectors will Fed rate hike help most? History no guide

  11-12-2015 18:57 via news.yahoo.com
  
  It has been so long since the Federal Reserve raised interest rates that U.S. stock market investors probably should not look to past rate hike cycles for clues about potential winners and losers. This phenomenon is expected to continue in 2016.
  
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• Wall Street slumps more than 1.5 pct as oil plumbs seven-year low

  11-12-2015 18:43 via news.yahoo.com
  
  All three major indexes extended losses on Friday, falling more than 1.5 percent, and were on track for their worst weekly performance in a month as growing oversupply concerns dragged down crude oil prices to their 7-year lows. The International Energy Agency said it sees the oil glut worsening in 2016 as demand slows and OPEC shows no signs of slowing production. The steep drop in oil prices adds to investor uncertainty as the U.S. Federal Reserve prepares to raise interest rates for the first
  
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• U.S. SEC looks again at making natural resources industry reveal payments

  11-12-2015 18:42 via news.yahoo.com
  
  The U.S. Securities and Exchange Commission on Friday took up a new draft of a rule to require oil, gas and mining companies to disclose payments they make to foreign governments, after a federal judge ordered it to speed up a process that has been locked in the courts for years. The rule, as called for in the Dodd-Frank Wall Street Reform law of 2010, would require the companies to disclose how much they pay governments in taxes, royalties and other types of fees for exploration, extraction and
  
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• Price & Time: USD/JPY – The Big Picture Tea Leaves

  11-12-2015 18:30
  
  Long-term cycles suggest caution for USD/JPY, 116.00 and 126.00 critical in 2016.
  
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• UPDATE 2-BTG Pactual soars as asset sales allay cash concerns

  11-12-2015 18:15
  
  SAO PAULO, Dec 11 (Reuters) - Grupo BTG Pactual SA shares surged on Friday, on track for a record daily gain, as the Brazilian investment bank made progress in its effort to sell assets and stem...
  
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• Argentina negotiating financing worth up to $7 bln with banks: source

  11-12-2015 18:01 via news.yahoo.com
  
  Argentina's new government is negotiating with a group of Wall Street banks for a credit line worth up to $7 billion to bolster its low foreign reserves and help it lift capital controls, a banking source said on Friday. Center-right President Mauricio Macri, who took office on Thursday, wants to move quickly to remove currency controls that restrict access to dollars but is stymied by the central bank's precariously low hard currency stocks. The commercial banking source said Argentina was in t
  
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• FTSE hits 10-week low as South Africa-focused stocks suffer

  11-12-2015 17:51
  
  LONDON Dec 11 (Reuters) - Britain's top equity index fell to a 10-week low on Friday as investors dumped shares in companies focussed on South Africa following a reshuffle in the country's government.
  
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• Why Your Holiday Gifts May Not Arrive on Time This Year

  11-12-2015 17:39 via news.yahoo.com
  
  Better get your online holiday orders in early this year. Online sales have been higher than expected so far this holiday season, and that has shipping companies struggling to get packages to their destinations on time. On-time delivery of UPS packages fell to 91 percent last week, compared to the 97 percent delivery rate typical during non-holiday months, according to an analysis by software developer ShipMatrix reported in The Wall Street Journal. This time last year, UPS was able to maintain
  
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• UPDATE 1-BTG Pactual soars as asset sales allay cash concerns

  11-12-2015 16:38
  
  SAO PAULO, Dec 11 (Reuters) - Grupo BTG Pactual SA shares rose posted their biggest intraday gain ever on Friday as the Brazilian investment bank showed some success in its effort to sell assets and...
  
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• UPDATE 5-China's Fosun billionaire founder Guo assisting authorities with investigation

  11-12-2015 16:33
  
  * Fosun says current business operations normal (Releads with Fosun International statement)
  
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• Look Out Below: The Strains from the Commodity Carnage are Starting to Show

  11-12-2015 16:00
  
  A major commodity company sacking over 60% of their work force is a troubling indication of what is to come.
  
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• UPDATE 1-Sangamo reports promising preliminary trial data on HIV drug

  11-12-2015 14:45
  
  Dec 11 (Reuters) - Sangamo BioSciences Inc reported promising preliminary data from two mid-stage studies of its experimental HIV/AIDS therapy.
  
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• US Dollar Stability Contingent on Data Pre-FOMC

  11-12-2015 14:00
  
  The US Dollar needs incoming economic data to come up all positive otherwise the Fed rate hike next week will be of the dovish variety.
  
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• Silver Prices – Down-trend Persists, But Support Provides Warning to Shorts

  11-12-2015 13:54
  
  Silver has been stuck in a strong down-trend, but short-term support is at hand.
  
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• FTSE falls to 10-week low as South Africa-focused stocks suffer

  11-12-2015 13:49
  
  LONDON Dec 11 (Reuters) - Britain's top share index fell to a 10-week low on Friday as investors dumped shares in companies focussed on South Africa following a reshuffle in the country's government.
  
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• GBP/USD: in descending channel

  11-12-2015 13:27 via liteforex.com
  Forex analytics: Current trendTowards the end of the week, the pair strengthened.The pair was supported by falling demand for the US Dollar, which is under pressure prior to the Fed meeting that is due next week. There is a high possibility, however, that the rate hike is already incorporated into the price and the USD is substantially overbought. At the same time, the pair was pressured by data on the ...
  
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• Sangamo Bio reports promising preliminary trial data on HIV drug

  11-12-2015 13:25
  
  Dec 11 (Reuters) - Sangamo BioSciences Inc reported promising preliminary data from two mid-stage studies on its potential experimental HIV/AIDS therapy.
  
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• USD/CHF: downward correction

  11-12-2015 12:50 via liteforex.com
  Forex analytics: Current trendYesterday, the Swiss National Bank decided to keep its current interest rate unchanged at -0.75%. At the same time, the Regulator noted the national currency is significantly overvalued, and, therefore, the central bank might intervene and start selling the CHF.After a sharp fall in the USD last week when traders started closing EUR short positions, the USD/CHF pair has been ...
  
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• Euro Little Changed After Sixth TLTRO Allotment Shows Demand Rose

  11-12-2015 12:41
  
  The Euro was little changed versus its major currency counterparts after today's Targeted LTRO did little to sway markets from risk sentiment
  
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• EUR/GBP Technical Analysis: Passing on Short Trade Setup

  11-12-2015 10:33
  
  The Euro put in a bearish Evening Star candlestick pattern, hinting that a turn lower against the British Pound may be looming ahead.
  
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• Market overview: IPF craters on changes in Slovak legislation

  11-12-2015 10:02 via news.yahoo.com
  
  (ShareCast News) - 0900: Shares have started the day slightly weaker despite the slight gains seen overnight on Wall Street, alongside renewed selling in oil futures. There is little in the way of economic ...
  
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• NZD/USD: pair is strengthening

  11-12-2015 09:56 via liteforex.com
  Forex analytics: Current trendTowards the end of the week, the pair substantially grew.The pair was unexpectedly supported by the RBNZ decision on interest rates made on Wednesday. As was forecasted, the rate was cut by 25 basis points to 2.5% that caused a sharp growth in the pair. At the same time, in accompanying Rate Statement it was pointed out that rates could be reduced again if required. The regulator ...
  
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• XAU/USD: pair trades flat

  11-12-2015 09:53 via liteforex.com
  Forex analytics: Current trendThe XAU/USD pair is trading mixed amid the forthcoming Fed meeting.Next week, the Regulator is expected to raise US interest rates for the first time in nearly 10 years that will strengthen the American currency and affect the appeal of gold investment. However, a rate hike is still an open issue, and some analysts suggest markets might not react with a sharp growth in the USD ...
  
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• NZD/USD Technical Analysis: Short Trade Setup Sought

  11-12-2015 09:25
  
  The New Zealand Dollar is attempting to renew the recovery against its US namesake having found support following the RBNZ monetary policy announcement.
  
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• USD/CNH Technical Analysis: Trying to Break August Top

  11-12-2015 09:05
  
  The US Dollar is attempting to renew upside momentum against the Chinese Yuan in offshore trade after a spike to four-month highs failed to hold up yesterday.
  
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• Weak U.S. Retail Sales to Fuel ECB-Drive EUR/USD Advance

  11-12-2015 09:00
  
  The near-term advance in EUR/USD may gather pace over the next 24-hours of trade should the U.S. Retail Sales report continue to disappoint.
  
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• News of the day. Friday 11.12.2015

  11-12-2015 07:21 via liteforex.com
  Forex analytics: Out of macroeconomic publications traders will be following today, it is worth noting news from the EU and the US. Results of Targeted LTRO are due at 12:15 pm (all times stated in GMT+2) in the EU. Long Term Refinancing Operations are aimed at maintaining liquidity in the banking system. The ECB loans funds which have 4 years maturity and a fixed rate to commercial banks. Retail Sales statistics ...
  
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• Euro and Yen May Rise as Aussie Dollar Falls on Soft US Data

  11-12-2015 05:10
  
  The Euro and Yen may rise while the Australian Dollar heads lower if downbeat US economic data given imminent Fed tightening stokes growth fears and triggers risk aversion.
  
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• Asia stocks head for weekly loss as commodity rout saps confidence

  11-12-2015 01:58 via news.yahoo.com
  
  By Lisa Twaronite TOKYO (Reuters) - Asian shares edged higher on Friday but remained on track for a weekly loss as lower crude prices kept markets on edge after a broad rout in commodities heightened fears about receding global growth. A supply glut in oil markets, cooling growth in the world's biggest commodities consumer China and prospects of an interest rate increase in the United States next week have made for a tense trading backdrop across most asset markets. MSCI's broadest index of Asia
  
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• Wal-Mart says marketing head Stephen Quinn to retire in January

  11-12-2015 00:01 via news.yahoo.com
  
  At the same time, Wal-Mart announced it will hire former Target Corp marketing chief, Michael Francis, as a consultant starting January 1, 2016. Francis will initiate a broad revamp of Wal-Mart's marketing department and will likely work closely with Quinn's eventual successor, the Wall Street Journal which first reported the news said. Quinn, who joined Wal-Mart in 2005 as senior vice president of marketing, has been the chief marketing officer of the world's biggest retailer since 2007.
  
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