Analyst news

• Wall Street cedes ground as oil decline deepens

  28-12-2015 23:45 via news.yahoo.com
  
  (Reuters) - Wall Street fell on Monday, hurt by a steep drop in oil prices as well as a dip in Apple shares, pushing the S&P 500 back into negative territory for 2015.
  
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• US STOCKS-Wall Street cedes ground as oil decline deepens

  28-12-2015 23:40 via news.yahoo.com
  
  Wall Street fell on Monday, hurt by a steep drop in oil prices as well as a dip in Apple shares, pushing the S&P 500 back into negative territory for 2015. The S&P 500 energy sector lost 1.79 percent, ...
  
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• Icahn tops Bridgestone offer for Pep Boys with $1 bn bid

  28-12-2015 23:37 via news.yahoo.com
  
  Wall Street activist Carl Icahn upped the ante Monday in the fight over US auto service chain Pep Boys, topping Bridgestone's Christmas Eve offer by about nine percent. Icahn, who wants to split the company and merge its retail side with his Auto Plus car parts network, offered $18.50 a share, or more than $1 billion, compared to Bridgestone's $17 proposal of December 24, worth $947 million. The two sides have been battling since Bridgestone first sealed a takeover deal with the Philadelphia-bas
  
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• Gold: What Really Drives Prices?

  28-12-2015 21:23
  
  Gold prices put in two separate jaw-dropping downside runs in 2015; but how much more juice is left in this tank?
  
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• JPMorgan to raise deposit rates for some big clients in Jan: WSJ

  28-12-2015 21:16 via news.yahoo.com
  
  (Reuters) - JPMorgan Chase & Co will begin raising deposit rates for some of its biggest clients in January, the Wall Street Journal reported, citing a person familiar with the matter. The bank’s deposit-rate increase will affect most institutional clients and the size of the increases will vary, the Journal reported, citing the person. Earlier this month, major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since
  
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• Wall Street loses ground as oil decline deepens

  28-12-2015 20:16 via news.yahoo.com
  
  Wall Street fell on Monday, hurt by a steep drop oil prices as well as a dip in Apple shares, pushing the S&P 500 back into negative territory for 2015. The S&P 500 energy sector lost 1.7 percent, easily the worst performer as a 3 percent drop in oil prices led investors to sell unload shares of Exxon Mobil , down 0.7 percent, and Chevron , which fell 1.68 percent. U.S. stock indexes have closely tracked crude prices in the past several weeks.
  
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• US STOCKS-Wall Street loses ground as oil decline deepens

  28-12-2015 20:13 via news.yahoo.com
  
  Wall Street fell on Monday, hurt by a steep drop oil prices as well as a dip in Apple shares, pushing the S&P 500 back into negative territory for 2015. The S&P 500 energy sector lost 1.7 percent, easily ...
  
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• UPDATE 4-Freeport-McMoRan Chairman James Moffett to step down

  28-12-2015 19:38
  
  Dec 28 (Reuters) - Freeport-McMoRan Inc co-founder James Moffett will step down as chairman and quit its board, months after the miner added two new directors under pressure from billionaire investor...
  
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• GBP/USD Technical Analysis: Continued Chop Near Support

  28-12-2015 19:04
  
  The Cable is continuing to face selling pressure below 1.5000 and is presenting a bearish setup ahead of another holiday-shortened week.
  
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• Wall Street in 2016: What could possibly go wrong?

  28-12-2015 18:52 via rocketnews.com
  By Caroline ValetkevitchNEW YORK (Reuters) – By all rights, 2016 should be a good year for the U.S. stock market.
  The Federal Reserve’s recent rate hike signals confidence in the economy and presidential election years typically reward investors. Most experts are predicting a seventh year for the current bull market, with strategists in a recent poll expecting the Standard & Poor’s 500 stock index to end 2016 at about 2,207, roughly 8 percent higher than it is now.
  But a lo
  
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• Energy, mining stocks lead a decline on Wall Street

  28-12-2015 18:23 via news.yahoo.com
  
  Major U.S. stock indexes veered lower in midday trading Monday, reflecting the impact of falling commodity prices on energy and mining companies. The price of U.S. crude slumped more than 3 percent amid speculation that oil supplies will rise further once Iran's economic sanctions are removed.
  
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• China’s Central Bank Said to Maintain Prudent Monetary Policy and Continue Promote Yuan Reforms

  28-12-2015 17:33
  
  The People’s Bank of China announced details of its monetary policy for 2016 including reforms in yuan. The high points are below:
  
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• World stocks fall on oil weakness, China concerns

  28-12-2015 17:16 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Global equity markets were lower on Monday in light trading sandwiched by holidays in a number of markets, pressured by slumping oil prices and worries over growth in China's economy. "The 3-percent dive in crude oil this morning shows you that the sellers are still in control of the energy market, and that's leading jitters on Wall Street, coupled with just normal digestive action after last week's strong gains," said Adam Sarhan, chief executive of Sar
  
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• Stocks fall on oil weakness, China concerns

  28-12-2015 16:56 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Global equity markets were lower on Monday in light trading sandwiched by holidays in a number of markets, pressured by slumping oil prices and worries over growth in China's economy. "The 3-percent dive in crude oil this morning shows you that the sellers are still in control of the energy market, and that's leading jitters on Wall Street, coupled with just normal digestive action after last week's strong gains," said Adam Sarhan, chief executive of Sar
  
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• Global stocks fall on oil weakness, China concerns

  28-12-2015 16:56 via news.yahoo.com
  
  Global equity markets were lower on Monday in light trading sandwiched by holidays in a number of markets, pressured by slumping oil prices and worries over growth in China's economy. "The 3-percent dive in crude oil this morning shows you that the sellers are still in control of the energy market, and that's leading jitters on Wall Street, coupled with just normal digestive action after last week's strong gains," said Adam Sarhan, chief executive of Sarhan Capital in New York. A weak batch of i
  
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• UPDATE 2-Chimerix antiviral drug fails, shares plummet to record low

  28-12-2015 16:51
  
  * Company to consult FDA on future steps for drug (Adds details, analyst comments)
  
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• The S&P is Flat for the Year, and that Usually Leads to Huge Moves

  28-12-2015 16:12
  
  Years in which US stocks are close to flat have a tendency to lead to huge moves in the following year.
  
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• Wall Street opens lower as crude slips

  28-12-2015 15:38 via news.yahoo.com
  
  REUTERS - U.S. stocks opened lower on Monday as oil prices hovered near multi-year lows due to a global glut. The Dow Jones industrial average fell 28.59 points, or 0.16 percent, to 17,523.58, the S&P 500 lost 5.8 points, or 0.28 percent, to 2,055.19 and the Nasdaq Composite index dropped 16.83 points, or 0.33 percent, to 5,031.67. (Reporting by Sai Sachin R in Bengaluru)
  
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• Valeant CEO Michael Pearson goes on medical leave after pneumonia bout

  28-12-2015 15:02 via news.yahoo.com
  
  ​Valeant Pharmaceuticals CEO J. Michael Pearson is taking a medical leave of absence after he was hospitalized with pneumonia. Shares of the troubled Montreal-based pharmaceutical company fell seven per cent in pre-market trading Monday in reaction to the news about Pearson's medical leave. Pearson's leave comes two weeks after Valeant Pharmaceuticals International Inc. slashed its fourth-quarter financial predictions and issued a profit outlook for 2016 that was s
  
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• Wall Street set to open lower as crude oil slips

  28-12-2015 14:53 via rocketnews.com
  By Abhiram NandakumarREUTERS – U.S. stock indexes were set to open lower on the first day of the last trading week of the year as oil prices continued to fall due to oversupply. Brent crude was down 2.4 percent and were hovering near 11-year lows. Exxon’s shares were down 1.5 percent at $78.14, while Chevron was down 1.7 percent at $90.47 in premarket trading.“The 3 percent dive in crude oil this morning shows you that the sellers are still in control of the energy market and t
  
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• USD/CAD: pair corrected

  28-12-2015 14:33 via liteforex.com
  Forex analytics: Current trendIn the end of last week, the pair corrected down amid growing oil prices. Oil, however, remains under pressure due to excess of supply and market worries regarding future prospects of the world economy growth.In addition, at the beginning of the month Bank of Canada Governor Stephen Poloz stated that in order to achieve inflationary targets the regulator could lower its key ...
  
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• GBP/USD: short positions from upper border of range

  28-12-2015 13:28 via liteforex.com
  Forex analytics: Current trendThere has been a significant decline in trading activity due to Christmas and New Year holidays. During last week, the GBP/USD pair was slightly strengthening despite negative UK GDP and favorable US labor market releases. Since the opening of the trading day, the price has been consolidating in a narrow sideways range 1.4930-1.4910. Today is a bank holiday in the UK.Support and ...
  
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• EUR/USD: Gesamtanalyse

  28-12-2015 10:49 via liteforex.com
  Forex analytics: Der laufende TrendGemeinschaftswährung wird in der Nähe eines wichtigen Widerstandlevels 1.0971 gehandelt.Im Falle eines Ausbruchs ist Abwärtsbewegung auf 1.0945 sehr wahrscheinlich. Williams Percent Range (%R) ist tiefer als -20, es bleibt also ein Potenzial für das Wachstum des Devisenpaares im  4-Stunden-Chart. Die Ebene 1.1000 ist Key-Linie für Verkäufer und Käufer und hier ...
  
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• MIDEAST STOCKS-Saudi Electricity surges before budget on price reform hopes

  28-12-2015 10:27 via news.yahoo.com
  
  Saudi Arabia's stock market was generally little changed early on Monday as traders cautiously awaited the release of the kingdom's 2016 state budget, while Egypt recouped some of previous session's losses. The budget may include rises in electricity and natural gas feedstock prices, which could boost the bottom lines of Saudi Electricity while squeezing petrochemical firms. "Before such a big announcement, speculative activities take the driver's seat," said Nateer al-Mahdi, a portfolio manange
  
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• USD/JPY: Yen continues growing

  28-12-2015 09:23 via liteforex.com
  Forex analytics: Current trendLast week, the Yen strengthened against the US Dollar, having reached its highs since the beginning of November. Bullish dynamics developed due to a downward correction in the US currency amid Christmas holidays.Moreover, the Yen gained support from the results of BoJ meeting. The Regulator expects inflation to reach the target level of 2% in the short term.Friday’s inflation ...
  
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• MIDEAST STOCKS-Regional investors sell in Dubai; Qatar and Abu Dhabi steady

  28-12-2015 08:23 via news.yahoo.com
  
  DUBAI, Dec 28 (Reuters) - Dubai's stock market slipped early on Monday as regional investors diverted their attention to Saudi Arabia's 2016 state budget announcement, due in the afternoon, while Qatar and Abu Dhabi were steady in lethargic trade. Late on Sunday, Dubai announced plans to raise state spending by 12 percent in 2016 compared to its 2015 budget plan as it invests in infrastructure to sustain economic growth, while continuing to balance its budget. This failed to boost Dubai's stock
  
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• MIDEAST STOCKS-Saudi likely wary before budget; Dubai may rise on spending plan

  28-12-2015 06:45 via news.yahoo.com
  
  Saudi Arabia's stock market may be thinly traded on Monday as investors await the announcement of the 2016 state budget plan, expected around the close of trading, while Dubai's expansionary spending plan for next year may support that bourse. In a break from past procedure, a senior official of state oil giant Saudi Aramco and the ministers of Economy and Planning, Finance, and Water and Electricity will appear at a news conference on the budget on Monday afternoon. The market is also looking f
  
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• PRESS DIGEST- Wall Street Journal - Dec 28

  28-12-2015 06:40 via news.yahoo.com
  
  Dec 28 (Reuters) - The following are the top stories in theWall Street Journal. Reuters has not verified these stories anddoes not vouch for their accuracy. - General Motors Co is facing calls to add air bagsas standard equipment on its popular compact cars in Mexico,mirroring broader pressure on auto makers to provide basicsafety equipment even when governments don't mandate it. (http://on.wsj.com/1YGZlEw) - A powerful cluster of tornadoes roared through North Texason Saturday night, killing 11
  
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• US Dollar Looks to Debt Sales to Gauge Fed Rate Hike Transmission

  28-12-2015 04:22
  
  The US Dollar is looking to the outcomes of short-term US debt auctions to gauge policy transmission after this month’s Federal Reserve interest rate hike.
  
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