Analyst news

• Top Clinton aide blasts Sanders' Wall Street proposals

  04-01-2016 23:53 via news.yahoo.com
  
  By Amanda Becker WASHINGTON (Reuters) - A top aide to Democratic presidential front-runner Hillary Clinton on Monday criticized rival Bernie Sanders’ proposals to regulate Wall Street as doing nothing to address some of the riskiest financial institutions. Sanders, who is Clinton’s chief challenger for the Democratic nomination for the November 2016 election, will deliver what his campaign is calling a “major policy address” on Wall Street reform in New York on Tuesday. C
  
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• Stocks sink on first day of 2016 on China, Mideast worries

  04-01-2016 22:12 via news.yahoo.com
  
  NEW YORK (AP) — It was a gloomy start to the new year on Wall Street as stocks sank as part of a global sell-off.
  
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• Wall Street begins year sharply lower after China selloff

  04-01-2016 22:04 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks dropped on Monday, giving the Dow its worst start to a year since 2008 after weak Chinese economic data fanned fears of a global slowdown.
  
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• USD/JPY Technical Analysis: Time for a Bounce?

  04-01-2016 21:45
  
  USD/JPY Downside Was Key Story To Start 2016, But The Downside May Have Little Follow Through And A Bounce Could Be Next.
  
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• USDOLLAR Technical Analysis: Bullish Start to a Bullish Month

  04-01-2016 21:10
  
  The Us Dollar Got Off To A Strong Start In 2016, Here Is The Bias And Levels Worth Watching Now.
  
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• AUD/JPY at Support, For Now

  04-01-2016 20:50
  
  AUDJPY is testing confluence support as broader risk trends start the year under considerable pressure. Here are the updated targets & invalidation levels that matter.
  
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• What is Chinese Media Saying about Stock Market Plunge?

  04-01-2016 20:14
  
  China’s PMI ratio came in worse than expected. It was the trigger, yet not the key reason that eventually caused the yuan drop and the global market panic. Here is the reason:
  
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• Forex Volatility Jumps, We Shift our Trading Focus

  04-01-2016 20:00
  
  Sharp equity market sell-offs have sparked major FX volatility on the first full trading day of the year. We're switching focus to high-volatility trading systems until further notice.
  
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• Fed's Mester says not worried by Chinese stock plunge

  04-01-2016 19:37 via news.yahoo.com
  
  Cleveland Federal Reserve President Loretta Mester on Monday said the sudden drop in China's stock market was not a major concern and weakness in the Chinese economy did not pose a "significant" risk to the U.S. economic outlook.
  
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• Oil down; China, Wall Street tumble erase early rally on Middle East

  04-01-2016 18:50 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices slid on Monday in volatile trade that saw an early rally of more than 4 percent on tensions in the Middle East until those gains were erased on worries about a slowing global economic growth and sliding stock markets. Data showing an inventory build at the Cushing, Oklahoma delivery hub for U.S. crude futures also weighed on sentiment, traders said. U.S. crude's West Texas Intermediate (WTI) futures fell 60 cents, or 1.6 percent, to $36.44.
  
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• Why Corporate Pension Funds Are Still Falling Short

  04-01-2016 18:47 via news.yahoo.com
  
  Higher corporate bond rates combined with a lackluster global stock market left corporate pension plans in 2015 funded at about the same level as in 2014. A Towers Watson analysis released today estimated that the aggregate pension funded status was 82 percent at the end of 2015, the same level as 2014. “While pension obligation declined last year, so did assets,” Towers Watson senior retirement consultant Alan Glickstein said in a statement.
  
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• Europe close: Slump in Chinese stocks and geopolitical tensions rattle investors

  04-01-2016 18:35 via news.yahoo.com
  
  (ShareCast News) - Heavy losses in China's stock market overnight and tensions between Iran and Saudi Arabia rattled already wary investors in the first day of trading of 2016.
  
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• Ferrari completes spinoff with stock listing in Milan

  04-01-2016 18:09 via news.yahoo.com
  
  MILAN (AP) — Sports carmaker Ferrari is following up its successful Wall Street listing with a stock market launch in Milan, as it begins a new era as a stand-alone company free of the mass-market associations of its former parent, Fiat Chrysler.
  
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• Fed's Williams, unfazed by China, sees 3-5 rate hikes this year

  04-01-2016 18:06 via news.yahoo.com
  
  San Francisco Federal Reserve President John Williams said Monday he is unfazed by the weak economic data out of China that has spooked Wall Street, and sees three to five U.S. interest rate hikes this year as reasonable given the strength of the U.S. economy. "In terms of those developments ricocheting into the U.S. economy, I think we have really really strong fundamentals, in terms of consumer spending, in terms of our economic trajectory, so right now at least this isn't a big concern for me
  
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• Silver Price: Safe-Haven Flows Get Hammered

  04-01-2016 18:00
  
  Silver remains bearish, despite the plunge in stock markets. As long as the $14.40 is capping price, I would expect silver prices to reach $13.65 and $13.18.
  
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• Oil prices erase early gains after U.S. stockmarket slide

  04-01-2016 17:34 via news.yahoo.com
  
  (Reuters) - World oil prices turned negative on Monday after a tumbling U.S. stock market erased gains in crude futures which rose as much as 4 percent earlier in the session on tensions in the Middle East. Brent, the global oil benchmark, was down 20 cents, or 0.5 percent, at $37.08 a barrel by 11:23 a.m. EST (1623 GMT). It hit a near three-week high of $38.93 earlier. U.S. crude's West Texas Intermediate (WTI) futures fell 45 cents, or 1.2 percent, to $36.59, after a session low at $36.49. U.S
  
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• Price & Time: USDJPY - The Start of Something?

  04-01-2016 17:30
  
  USD/JPY breaks widely watched trendline; Pair closing in on key long-term support/pivot.
  
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• Wall Street reels under China shock

  04-01-2016 17:16 via news.yahoo.com
  
  The Dow Jones industrial average was down 455.17 points, or 2.61 percent, at 16,969.86, set for its worst day in four months. At 11:12 a.m. ET (1640 GMT), the S&P 500 was down 52.95 points, or 2.59 percent, at 1,990.99 and the Nasdaq Composite index was down 157.34 points, or 3.14 percent, at 4,850.07. Microsoft was down 3.7 percent at $53.41 and was the biggest drag on the S&P 500, while Amazon weighed the most on Nasdaq, falling 5.9 percent to $636.08.
  
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• China selloff sparks gloomy 2016 start for stocks

  04-01-2016 17:05 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - Global equity markets fell on Monday while gold and bonds rose after a 7 percent slide in Chinese shares, sparked by weak economic data, rekindled worries over global growth on the first day of trading in 2016. Global benchmark Brent crude rose above $38 a barrel as some speculated a breakdown in diplomatic ties between Saudi Arabia and Iran could result in oil supply restrictions. Worries that the weak Chinese data could portend slower world economic growth
  
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• Q1 2016 Forecast: EUR/USD Sideways Move Likely as Markets Wait for March Fed & ECB Meetings

  04-01-2016 16:20
  
  The biggest factor for EUR/USD in Q1’16 should be speculation around what the ECB will do in March. The problem? What the ECB might do in March will be impacted by the EUR/USD exchange rate. This circuitous relationship should pave the way for volatile rangebound trading.
  
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• Nokia to move swiftly after taking control of Alcatel-Lucent

  04-01-2016 15:42 via news.yahoo.com
  
  By Jussi Rosendahl HELSINKI (Reuters) - Finland's Nokia said on Monday it has gained control of French counterpart Alcatel-Lucent following its 15.6-billion-euro (11.54 billion pound) all-share offer and the two telecom equipment makers would start to combine their operations next week. The Alcatel acquisition will put Nokia into a stronger position to compete with Sweden's Ericsson and China's Huawei [HWT.UL] in a market for telecom network gear where limited growth and tough competition are pr
  
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• Timeline: A year of turmoil on the Chinese stock market

  04-01-2016 15:34 via news.yahoo.com
  
  BEIJING (AP) — China's stock market lurched lower again Monday, triggering "circuit breakers" that halted trading. The slump was the latest episode in months of turmoil for Chinese investors.
  
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• Risk Aversion Takes Center Stage to Kick Off the New Year

  04-01-2016 15:28
  
  After the S&P put in a Doji for 2015, indecision has run rampant across global markets. That indecision has started off the year with a notable turn lower.
  
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• The USD/CAD Trades to Range Resistance

  04-01-2016 15:10
  
  The USD/CAD has opened 2016 trading in a 127 pip range. Learn today’s trading values with the Chart of the Day!
  
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• China rout spooks Wall Street

  04-01-2016 15:01 via news.yahoo.com
  
  Adding to the investors' worries, China's central bank fixed the yuan at a 4-1/2 year low. "Right now, the focal point is China, the global economic condition, and the fact that we're coming off a disappointing year on many levels, a frustrating year on many levels, only to walk in and have the (S&P) futures down 35 points," he said.
  
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• ISM Manufacturing PMI, ISM Prices Paid. US, 5:00 pm

  04-01-2016 15:00 via liteforex.com
  Forex analytics: Data on the ISM Manufacturing PMI and ISM Prices Paid for December is due at 5:00 pm (GMT +2) in the US.
  
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• Markit Manufacturing PMI. US, 4:45 pm

  04-01-2016 14:45 via liteforex.com
  Forex analytics: The Markit Manufacturing PMI for December is due at 4:45 pm (GMT +2) in the US.
  
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• RBC Manufacturing PMI. Canada, 4:30 pm

  04-01-2016 14:30 via liteforex.com
  Forex analytics: Data on the RBC Manufacturing PMI for December is due at 4:30 pm (GMT +2).
  
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• JPY Strength Materializing as Global Equities Plummet

  04-01-2016 13:30
  
  Weak Chinese PMI manufacturing data is reverberating across global financial markets.
  
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• FTSE dragged down by mining shares after disappointing China factory data

  04-01-2016 13:13
  
  * Cairn Energy up after positive results from well (Adds detail, updates prices)
  
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• Consumer Price Index. Germany, 3:00 pm

  04-01-2016 13:00 via liteforex.com
  Forex analytics: Data on the Consumer Price Index for December is due at 3:00 pm (GMT +2) in Germany. On a year-to-year basis, the index is expected to come out at 0.6%, against 0.4% in the previous month. On a month-to-month basis, the index will grow from 0.1% to 0.2%. 
  
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• China stocks rout on first market day of 2016 trips national trading halt

  04-01-2016 12:34
  
  By Pete Sweeney and Samuel ShenSHANGHAI (Reuters) – China’s major stock exchanges tanked on the first trading day of the year, triggering a “circuit-breaker” that suspended equities trade nation-wide for the first time and put months of regulatory work to restore market stability at risk. The selloff saw the CSI300 index <.CSI300> of the largest listed companies in Shanghai and Shenzhen lose 7.0 percent before trading was suspended, its worst single-day performance
  
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• China halts stock trading as market lurches down again

  04-01-2016 12:22 via news.yahoo.com
  
  BEIJING (AP) — China's stock market lurched lower again Monday, triggering "circuit breakers" that halted trading. The slump was the latest episode in months of turmoil for Chinese investors.
  
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• Zimbabwe stock market cap shed $1.3 bln in 2015, seen subdued this year

  04-01-2016 12:10 via news.yahoo.com
  
  The market capitalisation for the Zimbabwe Stock Exchange (ZSE) fell by $1.27 billion and the main index shed 30 percent in 2015, as foreign investors sold shares and the economy slowed, data from the exchange showed on Monday. The ZSE's industrial index, the main gauge of activity on the bourse, stood at 114.85 points in December, down 29.6 percent from January as companies reported weak earnings due to power shortages and depressed domestic demand. Market capitalisation for the industrial inde
  
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• British Pound Mixed on Soft Markit Manufacturing PMI as Risk Dominates

  04-01-2016 11:47
  
  The British Pound traded mixed versus other major currencies after December’s Markit/CIPS PMI showed manufacturing growth cooled.
  
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• Nokia gains control of Alcatel-Lucent

  04-01-2016 10:59 via news.yahoo.com
  
  Finland's Nokia said on Monday it has gained control of French rival Alcatel-Lucent following its 15.6-billion-euro ($17 billion) all-share offer and the two telecom equipment makers would combine on Jan. 14. The French stock market authority said interim results showed Nokia would hold around 79 percent of Alcatel shares. "We will move quickly to combine the two companies and execute our integration plans," Nokia Chief Executive Rajeev Suri said in a statement.
  
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• MIDEAST STOCKS-Saudi flat as some blue chips bought; Egypt pulls back

  04-01-2016 10:34 via news.yahoo.com
  
  Saudi Arabia's stock market was flat in early trade on Monday as investors shrugged off rising tensions with Iran, while Egypt's bourse pulled back amid global weakness in equities. The Saudi stock index initially fell as much as 0.7 percent after Saudi Arabia cut diplomatic ties with Iran in response to the storming of its embassy in Tehran - part of an escalating row between the rival powers over Riyadh's execution of a Shi'ite Muslim cleric. Growing geopolitical risks also pushed the Saudi ri
  
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• DAX 30 Slides On Soft Chinese Data

  04-01-2016 10:19
  
  The DAX 30 turns bearish to neutral following China Caixin PMI Mfg's disappointment to investors
  
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• UPDATE 1-Ferrari shares fall on Milan bourse debut

  04-01-2016 10:13
  
  MILAN, Jan 4 (Reuters) - Ferrari shares fell in early trading in their Milan bourse debut on Monday as the luxury sportscar maker completed its spin off from parent Fiat Chrysler Automobiles,...
  
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• Weaker miners after China factory data drag down FTSE

  04-01-2016 10:10
  
  LONDON, Jan 4 (Reuters) - Basic resources stocks slumped on the first trading day of the year on Monday, with poor factory activity data from top metals consumer China prompting investors to cut...
  
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• FTSE 100 slides on both soft Caixin PMI Mfg. and on the CSI 300

  04-01-2016 10:08
  
  FTSE 100 slides abruptly as China Caixin PMI Manufacturing for Dec. prints 48.2 vs. a Bloomberg survey projecting an outcome of 48.9.
  
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• BUZZ-Cairn Energy: top gainer on positive Senegal appraisal

  04-01-2016 09:50
  
  ** London-listed oil explorer Cairn Energy up c.6 pct & top Stoxx small market gainer after oil explorer successfully flow-tests appraisal well off the coast of Senegal
  
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• EUR/USD: pair growing

  04-01-2016 09:35 via liteforex.com
  Forex analytics: Current trendToday the pair is strengthening amid growing tensions in the Middle East where Saudi Arabia broke off all diplomatic ties with Iran on Sunday. Currently investors switch their funds into safe-haven currencies, such as the Franc and the Yen.In addition, the US Dollar was pressured by poor data from China where the Caixin Manufacturing PMI fell to 48.2 points, while economists ...
  
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• Consumer Credit, Mortgage Approvals, Markit Manufacturing PMI. UK, 11:30 am

  04-01-2016 09:30 via liteforex.com
  Forex analytics: At 11:30 am (GMT +2) data on Consumer Credit and Mortgage Approvals for November, and Markit Manufacturing PMI for December is due in the UK. The number of approvals is expected to grow to 70.4 thousands, from 69.63 thousands in October. Forecast realisation can support the Pound in the short-term
  
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• ASX 200 Technical Analysis: Momentum Wanes amid Test of Upper Bollinger

  04-01-2016 09:05
  
  The index tests upper Bollinger band and a resistance, boosted by uptrend signal. However waning momentum may disrupt this 2-week rally
  
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• Markit Manufacturing PMI. EU, 11:00 am

  04-01-2016 09:00 via liteforex.com
  Forex analytics: The Markit Manufacturing PMI for December is due at 10:55 (GMT +2) in Germany. The index is expected to remain unchanged at 53.1 points. Values above 50 points indicate a good state of the industry. 
  
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• Markit Manufacturing PMI. Germany, 10:55 am

  04-01-2016 08:55 via liteforex.com
  Forex analytics: The Markit Manufacturing PMI for December is due at 10:55 (GMT +2) in Germany. The index is expected to remain unchanged at 53 points. Values above 50 points indicate a good state of the industry. 
  
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• Brent: gap up

  04-01-2016 08:28 via liteforex.com
  Forex analytics: Current trendToday the price of Brent crude oil opened with a gap up after Saudi Arabia announced on Sunday that it cuts all diplomatic ties with Iran. According to some experts, current conflict can make the process of sanctions removing from Iran significantly more difficult, while Iran hoped to increase oil exports at the beginning of the year.At the same time, oil prices were pressured by ...
  
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• Aussie and NZ Dollars Sink, Yen Gains on Risk-Off Start to 2016

  04-01-2016 07:58
  
  The Australian, Canadian and New Zealand Dollars plunged while the Japanese Yen outperformed as risk aversion swept the financial markets at the start of 2016 trade.
  
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• Australian Dollar Falls as China PMI Boosts RBA Rate Cut Bets

  04-01-2016 07:34
  
  The Aussie Dollar fell against its US counterpart as China’s Caixin Manufacturing PMI data contributed to dovish RBA policy expectations.
  
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