Analyst news

• Wall Street drops to 3-month low; China, energy weigh

  06-01-2016 22:49 via news.yahoo.com
  
  U.S. stocks closed at their lowest level since early October on Wednesday, weighed down by fresh concerns over China and slower global growth and as energy shares tumbled with oil prices. Shares of oil majors Exxon and Chevron fell and the energy index dropped 3.6 percent as oil prices plunged below $35 a barrel. Shares of Apple briefly dipped below $100 for the first time since Aug. 24 and the stock was the biggest drag on both the S&P 500 and Nasdaq.
  
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• Wall Street drops to three-month low; China, energy weigh

  06-01-2016 22:46 via news.yahoo.com
  
  Shares of oil majors Exxon and Chevron fell and the energy index dropped 3.6 percent as oil prices plunged below $35 a barrel. Shares of Apple briefly dipped below $100 for the first time since Aug. 24 and the stock was the biggest drag on both the S&P 500 and Nasdaq. Weak data from China triggered declines in global markets on Monday, with the Dow recording its worst first day of the year since 2008.
  
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• Macy's lowers earnings forecast; to cut jobs

  06-01-2016 22:40 via news.yahoo.com
  
  (Reuters) - Department store chain Macy's Inc, which lowered its full-year earnings expectations for the second time, said it would cut jobs and consolidate its operations, starting early 2016. Macy's shares rose 3.7 percent to $37.51 in after market trading. Warm weather, low spending by tourists and a pileup of unsold inventory prompted Macy's to cut its full-year forecast in November, raising wide concerns about the retail sector's financial health.
  
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• Apple shares drop below $100 for first time since August

  06-01-2016 22:40 via news.yahoo.com
  
  The stock briefly traded as low as $99.87, its lowest level since Aug. 24, a day when the entire stock market suffered a brief 'flash crash.' Apple shares traded as low as $92 that day. Apple stock closed down nearly 2 percent at $100.70 on Nasdaq on Wednesday, amid a broadly lower stock market. The stock's decline comes as a growing number of analysts are trimming their estimates for iPhone sales - the bedrock of Apple's business - with some predicting sales this year will decline on an annual
  
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• EUR/USD Short-Term Strategy: Sell Rips Sub-1.0880

  06-01-2016 21:54
  
  EURUSD has rebounded off near-term confluence support with the rally to offer favorable short entries. Here are the updated targets & invalidation levels that matter.
  
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• Apple stock slumps amid iPhone sales worries

  06-01-2016 21:46 via news.yahoo.com
  
  SAN FRANCISCO (AP) — Apple fans keep buying iPhones, but Wall Street keeps worrying the company won't be able to match last year's blistering sales pace.
  
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• Wall Street adds to losses; energy weighs

  06-01-2016 21:29
  By Caroline Valetkevitch(Reuters) – U.S. stocks extended losses in late trading on Wednesday as energy shares dropped with oil prices and minutes from the last Federal Reserve meeting added to investor concerns about the economy. Fresh concerns over the impact of a slowdown in China on the global economy and heightened geopolitical concerns also weighed on stocks. Shares of Applebriefly dipped below $100 for the first time since Aug. 24 and the stock was the biggest drag on both the S&
  
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• GBP/JPY Technical Analysis: So, About that New Trend…

  06-01-2016 20:51
  
  In our last article we asked a very simple question: Had a new trend emerged in GBP/JPY. The market has answered with a definitive 'yes.'
  
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• FOMC Minutes. US, 9:00 pm

  06-01-2016 20:19 via liteforex.com
  Forex analytics:  The FOMC Minutes are due at 9:00 pm in the US. The Minutes could shed the light on future directions in monetary policy of the country. 
  
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• USD/CHF Technical Analysis: Parity for Re-Entry

  06-01-2016 20:03
  
  While the Euro coagulates, the Franc continues to trend. Parity could provide top-side entry potential this week.
  
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• Supply-Side Constraints Mounting Pressure to Chinese Economy

  06-01-2016 19:27
  
  Chinese economy has seen a lack of vitality; President Xi Jinping gave detailed diagnoses:
  
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• Wall Street lower on China worries, steep drop in oil

  06-01-2016 19:14 via news.yahoo.com
  
  The year got off to a shaky start on Monday after weak data from China triggered declines in global markets, with the Dow recording its worst first day of the year in seven years, and oil prices weakened further. The People's Bank of China on Wednesday stepped in again to weaken the yuan further, raising fears that the country's economy was even weaker than had been expected. Despite the steep fall in the stock market, the S&P is still trading at 15.8 times forward earnings, compared with it
  
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• Mining stocks drag down FTSE as China concerns intensify

  06-01-2016 19:12 via news.yahoo.com
  
  By Kit Rees LONDON (Reuters) - Britain's stock market fell on Wednesday as shares in commodity-related companies were hit by new worries over China, the world's largest consumer of metals, while North Korea's nuclear test added to investors' nervousness. The People's Bank of China set a weaker midpoint for the yuan, and a private survey showed that activity in China's services sector expanded at its slowest rate for 17 months in December. The blue-chip FTSE 100 index closed down 1 percent at 6,0
  
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• Gold to Pave Larger Rebound- AUD/USD Bullish Setup at Risk

  06-01-2016 19:05
  
  Gold may mount a larger rebound despite the recent strength in the greenback, while AUD/USD stands at risk for a further decline.
  
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• GBP/USD Technical Analysis: Have We Seen Terminal Velocity?

  06-01-2016 18:38
  
  The Cable has put in a strong break lower over the past four trading days, inching closer to the 2015 low. We look at setups on both sides in this article.
  
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• Mining stocks drag down Britain's FTSE as China concerns intensify

  06-01-2016 18:13 via news.yahoo.com
  
  Britain's stock market fell on Wednesday as shares in commodity-related companies were hit by new worries over China, the world's largest consumer of metals, while North Korea's nuclear test added to investors' ...
  
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• The CAC40 descends on trendline support

  06-01-2016 18:00
  
  The CAC40 is trading down 2.3% on the day, amid a broad equities sell off on geopolitical risk aversion.
  
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• European and US stocks catch Asia jitters

  06-01-2016 16:46 via news.yahoo.com
  
  Fresh stimulus may have given a jolt to Chinese stocks but markets elsewhere slumped Wednesday over jitters about the slowdown in the world's number two economy and rising geopolitical risk after North Korea's latest nuclear test. Commodity sector share prices were pulled lower also by sliding oil markets which saw Brent North Sea crude slump below $35 a barrel for the first time in 11 years. European indices were down nearly 2 percent in afternoon trading, and Wall Street opened sharply lower.
  
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• Wall Street opens sharply lower on China, North Korea worries

  06-01-2016 16:13 via news.yahoo.com
  
  All three major indexes fell more than 1 percent in early trading on Wednesday as investors looked for safe havens after China allowed its currency to weaken further and oil prices fell to their lowest in more than 11 years. Investors were also nervous about rising geopolitical tensions after North Korea said it had successfully tested a hydrogen bomb and Saudi Arabia cut ties with Iran. The People's Bank of China on Wednesday set the yuan's official midpoint rate at its weakest level in 4-1/2 y
  
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• Price & Time: GBPUSD – Another Timing Relationship in the Pound

  06-01-2016 16:10
  
  GBP/USD nearing important turn window, sentiment is currently at contrarian extremes.
  
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• Riksbank Intervention Threat Aims to Lift EUR/SEK Prices

  06-01-2016 16:06
  
  Like they did in 2002, the Swedish Riksbank has issued an executive order signaling that it is ready to intervene in FX markets at any time.
  
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• Miners drag down FTSE as China concerns mount

  06-01-2016 15:40 via news.yahoo.com
  
  By Kit Rees LONDON (Reuters) - Britain's stock market fell on Wednesday as commodity-related companies were hit by new worries over China, the world's largest consumer of metals, while North Korea's nuclear test added to investors' nervousness. The People's Bank of China set a weaker midpoint for the yuan, and a private survey showed that activity in China's services sector expanded at its slowest rate in 17 months in December. The blue-chip FTSE 100 index was down 1.7 at 6,031.29 points in late
  
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• Miners drag down Britain's FTSE as China concerns mount

  06-01-2016 15:39 via news.yahoo.com
  
  Britain's stock market fell on Wednesday as commodity-related companies were hit by new worries over China, the world's largest consumer of metals, while North Korea's nuclear test added to investors' ...
  
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• MIDEAST STOCKS-Saudi tumbles on oil price, Egypt caught in global slide

  06-01-2016 15:27 via news.yahoo.com
  
  * Oil plunges to new 11-year low in late trade * Saudi petrochemical index sinks 4.8 percent * Savola falls further after Saudi-Iran dispute * Telecommunications stocks boost Qatar * CIB leads Egypt down By Andrew Torchia DUBAI, Jan 6 (Reuters) - A fresh slide of oil prices to 11-year lows sent Saudi Arabia's stock market tumbling on Wednesday, while Egypt was caught up in a global equities downtrend. The Saudi bourse was moderately lower for most of the day and its losses snowballed in late tra
  
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• The World is On Edge, and Japan is Looking Very Vulnerable

  06-01-2016 15:25
  
  Another day in the new year brings on another new and unexpected risk, and as Asia continues to slow down, pressure is mounting on Japan.
  
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• Factory Orders. US, 5:00 pm

  06-01-2016 15:00 via liteforex.com
  Forex analytics: Data on Factory Orders for November is due at 5:00 pm (GMT +2) in the US.
  
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• Egypt's listed firms issue bonus shares to avoid tax on cash dividends

  06-01-2016 14:57 via news.yahoo.com
  
  By Ehab Farouk CAIRO (Reuters) - Listed companies in Egypt are increasingly issuing bonus shares to avoid a tax on cash dividends, according to a government official and data seen by Reuters, dealing a blow to the country's drive to boost tax revenues. In July 2014, Egyptian President Abdel Fattah al-Sisi approved a 10 percent tax on cash dividends on the stock market as part of his efforts to overhaul an economy battered by years of political turmoil. An official at the Egyptian tax authority t
  
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• Markit Services PMI. US, 4:45 pm

  06-01-2016 14:45 via liteforex.com
  Forex analytics: Data on the Markit Services PMI for December is due at 4:45 pm (GMT +2) in the US.
  
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• Can Earnings Keep On Climbing At Barclays PLC & Topps Tiles Plc?

  06-01-2016 14:25 via news.yahoo.com
  
  Royston Wild examines the earnings potential of Barclays PLC (LON: BARC) and Topps Tiles Plc (LON: TPT).
  
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• Silver May Rally If Correlation to Gold Kicks In

  06-01-2016 13:49
  
  Silver prices are little changed today despite elevated risk-aversion and gold prices being close to breaking its December high of $1088.80.
  
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• Trade Balance. US, 3:30 pm

  06-01-2016 13:30 via liteforex.com
  Forex analytics: Data on Trade Balance is due at 3:30 pm (GMT +2) in the US.
  
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• Saudi stock index tumbles 3.4 pct, led by petrochemicals

  06-01-2016 13:23 via news.yahoo.com
  
  DUBAI, Jan 6 (Reuters) - Saudi Arabia's stock market plunged in late trade on Wednesday in a broad-based sell-off led by petrochemical stocks. With 15 minutes of trade remaining, the index was down 3.4 percent at 6,515 points, its lowest level since November 2012. Petrochemical shares slid on worries about global demand and rises in gas feedstock prices announced in Saudi Arabia's 2016 state budget last week, which deprived Saudi petrochemical producers of some of their cost advantage. The secto
  
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• As USDOLLAR Presses Breakout Level, "Panic" Ensues in JPY-crosses

  06-01-2016 13:23
  
  The greenback continues to outperform the bulk of major currencies, save the Japanese Yen.
  
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• ADP Employment Change. US, 3:15 pm

  06-01-2016 13:15 via liteforex.com
  Forex analytics: Data on the ADP Employment Change for December is due at 3:15 pm (GMT +2) in the US. A growth in the index can strengthen the US Dollar.
  
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• FTSE 100 Slides On China, ISM and ADP on Tap

  06-01-2016 11:56
  
  The FTSE 100 slides in line with Europe on soft Chinese data and the news that North Korea has announced the testing of a hydrogen bomb
  
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• British Pound Looks Past Slight Markit/CIPS Services PMI Miss

  06-01-2016 11:10
  
  The British Pound was little changed after December’s Markit/CIPS Services PMI came generally in line with expectations
  
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• NZD/USD: pair is falling

  06-01-2016 11:04 via liteforex.com
  Forex analytics: Current trendYesterday the pair continued falling amid strengthening US Dollar.The USD was supported by growing tensions in the Middle East where a crisis between Saudi Arabia and Iran is developing, and by poor macroeconomic statistics from the eurozone. According to preliminary data, the Core Consumer Price Index for December grew by 0.8%, which was 0.1% worse than experts ...
  
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• Upbeat ISM Non-Manufacturing Survey to Fuel EUR/USD Weakness

  06-01-2016 11:00
  
  The post ECB rally in EUR/USD may continue to unravel should a pickup in the ISM Non-Manufacturing survey boost bets for higher U.S. interest rates.
  
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• Narayana Hrudayalaya surges in market debut as investors bet on demand

  06-01-2016 10:41 via news.yahoo.com
  
  By Karen Rebelo MUMBAI (Reuters) - Narayana Hrudayalaya Ltd , which operates a chain of hospitals, surged more than 38 percent in its stock market debut on Wednesday, as investors bet on growing demand for private healthcare services in Asia's third-largest economy. The company's shares opened at 291 rupees and rose to as high as 345.65 rupees in a weak broader Mumbai market, against the IPO issue price of 250 rupees a share. Narayana had raised $92 million last month via the IPO.
  
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• DAX 30 Remains Soft on Caixin PMI Services, ISM on Tap

  06-01-2016 10:09
  
  DAX remains bearish below yesterday�s high of 10,403 on soft Caixin China PMI Services and news of North-Korea announcing the testing of a hydrogen bomb.
  
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• EUR/USD Technical Analysis: Short Position Now in Play

  06-01-2016 09:22
  
  The Euro looks to have completed a bearish Head and Shoulders chart formation below the 1.11 figure against the US Dollar, hinting a top is in place.
  
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• US Dollar Eyes FOMC Minutes, China Yuan Drop Sinks Risk Appetite

  06-01-2016 09:04
  
  The US Dollar may rise if a hawkish tone in minutes from December’s FOMC minutes clashes with dovish market expectations. China’s Yuan devaluation triggers risk aversion.
  
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• Markit Services PMI. EU, 11:00 am

  06-01-2016 09:00 via liteforex.com
  Forex analytics: Data on the Markit Services PMI for December is due at 11:00 am (GMT +2) in the EU. Values above 50 points indicate a good state of the industry. 
  
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• Unemployment Rate. Germany, 10:55 am

  06-01-2016 08:55 via liteforex.com
  Forex analytics: The Unemployment Rate for December will be published at 10:55 am (GMT +2) in Germany. 
  
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• ASX 200 Technical Analysis: Downward Reversal Intensifies

  06-01-2016 08:37
  
  Downward momentum builds in ASX 200 after its reversal from a triple top at 5391. A break of 23.6% Fibonacci will confirm further downside
  
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• Oil and Copper Lower with Asia Risk-Off while Gold Sustains Gains

  06-01-2016 06:52
  
  Modest recoveries in commodities were disrupted after a high USD/CNY fix triggered risk-selling. Gold firmed up with other safe haven assets
  
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• Narayana Hrudayalaya jumps over 25 pct in market debut

  06-01-2016 06:07 via news.yahoo.com
  
  Shares of Narayana Hrudayalaya , which operates a chain of hospitals in the country, rose more than 25 percent in their stock market debut on Wednesday, boosting the outlook for initial public offerings in this year. The company's shares opened at 291 rupees and rose to as high as 318 rupees in the early deals, against the IPO issue price of 250 rupees a share, according to the National Stock Exchange data. Narayana had raised $92 million last month via the IPO.
  
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• Nikkei 225 Technical Analysis: Test 18,000 or Pullback to Neckline?

  06-01-2016 04:50
  
  Nikkei 225 comes close to 18,000 following risk-selling in Asia. Failure to break this would retain chances of a pullback to the neckline
  
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• AUD/USD Falls As China Weakens Yuan to Lowest Point in 5 Years

  06-01-2016 04:38
  
  The Australian Dollar declined against its US counterpart as China lowered the Yuan reference rate to its lowest level in 5 years and as the nation’s PMI figures crossed the wires.
  
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• China's anti-graft body investigates Changjiang Securities chairman

  06-01-2016 04:19 via news.yahoo.com
  
  Chinese brokerage Changjiang Securities Co Ltd said on Wednesday its chairman Yang Zezhu was being investigated by the Communist Party's anti-corruption agency for possible discipline violations. The move comes as authorities work to restore confidence in the stock market after a fumbled intervention and suspicion of irregular trading following market turmoil which began in June. In an exchange filing, the brokerage said it received the investigation notice on Tuesday from the Communist Party's
  
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