Analyst news

• Dow, S&P off to worst four-day January start ever as China fears grow

  07-01-2016 23:58 via news.yahoo.com
  
  U.S. stocks sold off further on Thursday, giving the Dow and S&P 500 their worst four-day starts to a year ever, dragged down by another drop in Chinese equities and oil prices at 12-year lows. China allowed the biggest fall in its yuan currency in five months, adding to investor fears about the health of its economy, while Shanghai stocks were halted for the second time this week after another steep selloff. Oil prices fell to 12-year lows and copper prices touched their lowest since 2009,
  
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• Dow, S&P off to worst four-day Jan start ever as China fears grow

  07-01-2016 23:56 via news.yahoo.com
  
  China allowed the biggest fall in its yuan currency in five months, adding to investor fears about the health of its economy, while Shanghai stocks were halted for the second time this week after another steep selloff. Oil prices fell to 12-year lows and copper prices touched their lowest since 2009, weighing on energy and materials shares. All 10 S&P 500 sectors ended in the red, though, and the Nasdaq Biotech index fell 4.1 percent.
  
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• UPDATE 3-Nexstar, Media General in $2.3 bln deal, Meredith pushes back

  07-01-2016 23:44
  
  Jan 7 (Reuters) - Nexstar Broadcasting Group and Media General said on Thursday they had reached a $2.3 billion deal to create the second-largest U.S. broadcaster, in a deal that faces opposition...
  
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• Strong Trend Favors USD/CNH Gains, but Watch this Key Risk

  07-01-2016 23:35
  
  The Chinese Yuan has fallen sharply versus the US Dollar, and volatility in both the Yuan and Chinese financial markets presents clear risk in holding USD/CNH positions.
  
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• Stocks, oil tumble as China economy concerns mount

  07-01-2016 23:21
  By Rodrigo CamposNEW YORK (Reuters) – Shares on major exchanges fell for a sixth straight day on Thursday and crude oil prices touched multi-year lows as investors fretted over the state of China’s economy and its ability to stabilise its stock market. In a move that deepened concerns over China’s economic health, the People’s Bank of China set the yuan midpoint rate lower for an eighth consecutive day. The 0.5 percent decline was the biggest between daily fixings since A
  
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• Global stocks, oil tumble as China economy concerns mount

  07-01-2016 23:16
  By Rodrigo CamposNEW YORK (Reuters) – Shares on major exchanges fell for a sixth straight day on Thursday and crude oil prices touched multi-year lows as investors fretted over the state of China’s economy and its ability to stabilize its stock market. In a move that deepened concerns over China’s economic health, the People’s Bank of China set the yuan midpoint rate lower for an eighth consecutive day. The 0.5 percent decline was the biggest between daily fixings since A
  
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• Dow, S&P lose over 2%, Nasdaq 3% as global rout deepens

  07-01-2016 23:16
  New York (AFP) – US stocks tumbled Thursday as another big drop in Chinese stocks heightened worries about the world’s second-largest economy and triggered another wave of selling across global equity markets.The Dow Jones Industrial Average fell 392.41 points (2.32 percent) to 16,514.10.
  The broad-based S&P 500 shed 47.17 (2.37 percent) at 1,943.09, while the Nasdaq Composite Index sank 146.34 (3.03 percent) to 4,689.43.
  For the second time in four days, trading in China was hal
  
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• How stock market 'circuit breakers' cool trading panic

  07-01-2016 22:57 via news.yahoo.com
  
  China suspended stock trading for the second time in a week on Thursday, after the CSI 300 market index plummeted seven per cent a half hour after markets opened. The nosedive triggered what's called a "circuit breaker" in stock market vernacular, an automated procedure meant to temper volatile fluctuations in the index and panicked investor reaction by temporarily shutting down trading. Most major indexes, including the Toronto Stock Exchange, have similar cir
  
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• CORRECTED-Apple suppliers Cirrus Logic, Qorvo estimate revenue below Street

  07-01-2016 22:55
  
  Jan 7 (Reuters) - Apple Inc suppliers Cirrus Logic Inc and Qorvo Inc estimated third-quarter revenue below analysts' expectations, exacerbating fears about softening iPhone demand.
  
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• How Did China’s Regulators Respond to Further Stock Market Tumbles?

  07-01-2016 21:45
  
  China’s regulators remain under clear pressure as Chinese stocks fell sharply yet again. Here was the official response.
  
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• UPDATE 1-Supervalu's board approves spinning off Save-A-Lot

  07-01-2016 21:43
  
  Jan 7 (Reuters) - Supervalu Inc's board approved a spinoff of its Save-A-Lot discount supermarket chain, paving the way for separating a thriving unit from its slower-growing grocery wholesale and...
  
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• AUD/NZD Slope of Influence Highlights Key Inflection Point

  07-01-2016 21:43
  
  AUDNZD is testing a critical confluence support zone around 1.0550 with the immediate short bias at risk above this mark. Here are the updated targets & invalidation levels that matter.
  
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• Here’s What You Should Do When the Stocks Market Falls

  07-01-2016 21:32 via news.yahoo.com
  
  On Monday, the S&P 500 and Nasdaq stock indexes recorded their worst starts to a new year since 2001. By Wednesday, global stocks had lost $2.5 trillion in value. “I am still amazed that when the stock market goes down, there becomes panic,” says Lawrence Heller, of Larry Heller & Associates, an investment advisory firm in Melville, N.Y. “The stock market does go down.
  
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• Here’s What You Should Do When the Stock Market Falls

  07-01-2016 21:30 via news.yahoo.com
  
  On Monday, the S&P 500 and Nasdaq stock indexes recorded their worst starts to a new year since 2001. By Wednesday, global stocks had lost $2.5 trillion in value. “I am still amazed that when the stock market goes down, there becomes panic,” says Lawrence Heller, of Larry Heller & Associates, an investment advisory firm in Melville, N.Y. “The stock market does go down.
  
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• Wall Street sinks as China fears grow, oil slides further

  07-01-2016 21:20 via news.yahoo.com
  
  U.S. stocks extended recent sharp losses on Thursday, putting the Dow on track for its worst start to a year in more than a century, as market volatility in China and a relentless slide in oil prices rattled investors. China allowed the biggest fall in the yuan in five months, and Shanghai stocks were halted for the second time this week after another brutal selloff tripped a newly-imposed circuit breaker. The Shanghai and Shenzhen stock exchanges, however, said China would suspend the circuit b
  
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• Euro jumps vs dollar on Wall Street selloff

  07-01-2016 20:30 via news.yahoo.com
  
  The euro jumped against the dollar on Thursday as growing losses on Wall Street led investors, who had held euro-funded positions in which the low-yielding currency is borrowed and sold in favour in higher-yielding ones, to buy back the euro. Major U.S. stock indexes fell more than 2 percent on worries about the Chinese economy and falling oil prices.
  
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• World Shares Slide After China Trading Turmoil

  07-01-2016 20:29 via news.yahoo.com
  
  The FTSE 100 Index has dipped below the 6,000 mark following more stock market turmoil in China that has resulted in a controversial share price stability mechanism being scrapped. European, and later, US shares fell sharply after trading overnight in China was halted for the second time this week as prices plunged again amid continued investor panic. The FTSE 100 closed 119 points or 2% lower at 5,954 with only three companies making gains while in late-trading in New York, the S&P 500 was
  
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• Chancellor warns of 'dangerous cocktail' of threats for 2016

  07-01-2016 20:10 via news.yahoo.com
  
  By David Milliken LONDON (Reuters) - Chancellor George Osborne warned on Thursday that the economy faced a "dangerous cocktail" of threats from abroad and he urged against complacency after two years of solid growth. Osborne, whom Prime Minister David Cameron has named as a possible successor, said in a new year's message that Britain faced headwinds from slower growth in China, Brazil and Russia, tension in the Middle East and stock market falls. Britain has been among the fastest-growing rich
  
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• Apple buys artificial intelligence startup Emotient - Wall Street Journal

  07-01-2016 19:38 via news.yahoo.com
  
  (Reuters) - Apple Inc bought Emotient Inc, an artificial intelligence startup that reads people's emotions by analysing facial expressions, the Wall Street Journal reported. The tech giant's plans for Emotient were not immediately clear, the Journal reported, confirming the news with an Apple spokeswoman. Last month, Tesla Motors Chief Executive Elon Musk and other prominent tech executives announced $1 billion in funding for an artificial intelligence non-profit called OpenAI.
  
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• Apple buys artificial intelligence startup Emotient: WSJ

  07-01-2016 19:33
  (Reuters) – Apple Inc bought Emotient Inc, an artificial intelligence startup that reads people’s emotions by analyzing facial expressions, the Wall Street Journal reported. The report did not specify the financial terms of the deal. The tech giant’s plans for Emotient were not immediately clear, the Journal reported, confirming the news with an Apple spokeswoman.Emotient’s software reads the expressions of individuals and crowds to gain insights that can be used by adve
  
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• Out of flavor: Wall Street slashes targets on Chipotle

  07-01-2016 19:26
  (Reuters) – From the carnitas crisis of early 2015 to the more recent E. Coli outbreak. And now, tough love from Wall Street. Chipotle Mexican Grill Inc’sshareholders have never had it so bad.At least six brokerages slashed their price targets on the burrito chain operator’s stock on Thursday, a day after the company said it was served with a grand jury subpoena related to a probe into a norovirus incident at one of its restaurants. Chipotle’s stock, once a Wall Street da
  
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• EUR/USD Eyes 1.0900 Despite Mixed Euro-Zone Data

  07-01-2016 19:15
  
  EUR/USD may work its way back towards former support around the 1.0900 handle as it extends the advance from earlier this week.
  
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• Wall Street swoons on China shock, oil slide

  07-01-2016 19:09 via news.yahoo.com
  
  U.S. stocks were sharply lower on Thursday as market volatility in China and a relentless slide in oil prices unnerved investors, extending the shaky start to the year. China allowed the biggest fall in the yuan in five months, and Shanghai stocks were halted for the second time this week after another brutal selloff tripped a newly imposed circuit breaker. Global stocks, however, recouped some losses after the Shanghai and Shenzhen stock exchanges said China would suspend the circuit breaker as
  
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• Options volume surges on Wall Street sell-off

  07-01-2016 18:56
  By Saqib Iqbal AhmedNEW YORK (Reuters) – Market volatility in China and a relentless slide in oil prices spurred an options trading flurry on Thursday, as traders geared up for further market gyrations after U.S. stocks fell for the second straight day.
  U.S. stocks opened sharply lower on Thursday, with the Dow Jones industrial average down 1.3 percent. The CBOE Volatility Index <.VIX>, the market’s favored gauge of Wall Street anxiety, jumped 14 percent to 23.46, the highest s
  
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• European shares drop sharply after China's yuan move spooks investors

  07-01-2016 18:52 via news.yahoo.com
  
  European shares fell sharply on Thursday after China accelerated the depreciation of the yuan but were helped off their lows after the Chinese securities regulator said it would suspend its new stock market ...
  
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• Oil pares losses after dive toward 12-year low seen too far, too fast

  07-01-2016 18:32 via news.yahoo.com
  
  By Barani Krishnan and Simon Falush NEW YORK/LONDON (Reuters) - Oil lurched to new 12-year lows before paring some losses on Thursday, with some traders betting a rout triggered by fears over China demand and swelling U.S. stockpiles had run its course, for now. Global benchmark Brent crude fell as much as 6 percent to nearly $32 a barrel, its lowest level since at least April 2004, as another free fall in the Chinese stock market rattled investors already concerned by the world glut in crude. "
  
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• For many stocks on Wall Street, it's already a bear market

  07-01-2016 18:28 via news.yahoo.com
  
  With U.S. stocks now on pace for their worst start to the year since 2000, investors are questioning whether Wall Street is headed for a bona fide bear market. The truth is, many stocks are already there. U.S. stocks have fallen nearly 4.0 percent so far in 2016, and more than 40 percent of the stocks in the benchmark S&P500 stock index are 20 percent or more off of their highs, the definition of a bear market.
  
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• Oil pares losses after dive towards 12-year low seen too far, too fast

  07-01-2016 18:25 via news.yahoo.com
  
  By Barani Krishnan and Simon Falush NEW YORK/LONDON (Reuters) - Oil lurched to new 12-year lows before paring some losses on Thursday, with some traders betting a rout triggered by fears over China demand and swelling U.S. stockpiles had run its course, for now. Global benchmark Brent crude fell as much as 6 percent to nearly $32 a barrel, its lowest level since at least April 2004, as another free fall in the Chinese stock market rattled investors already concerned by the world glut in crude. "
  
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• Concern over Chinese economy sends stocks reeling

  07-01-2016 18:11 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Shares on major exchanges fell for a sixth consecutive day on Thursday while crude prices bounced back from multi-year lows as volatile markets digested another move lower in the yuan and Chinese efforts to stabilise a sinking stock market. Stocks on Wall Street pared losses after China suspended the circuit breaker that stops trading for the day when stocks fall 7 percent, a halt that occurred twice this week. Analysts and investors said the mechanism, put
  
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• Concern over Chinese economy sends world stocks reeling

  07-01-2016 18:10 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Shares on major exchanges fell for a sixth consecutive day on Thursday while crude prices bounced back from multi-year lows as volatile markets digested another move lower in the yuan and Chinese efforts to stabilize a sinking stock market. Stocks on Wall Street pared losses after China suspended the circuit breaker that stops trading for the day when stocks fall 7 percent, a halt that occurred twice this week. The 7-percent drop in Chinese markets overnigh
  
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• The USD/JPY Trading Lower for Fifth Day

  07-01-2016 18:00
  
  The USD/JPY is now working on its fifth straight daily decline, and has already dropped as much as 314 pips on the week.
  
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• Wall Street hit by China tumult, oil slide

  07-01-2016 17:28
  By Tanya AgrawalREUTERS – U.S. stocks were lower on Thursday, but off their session lows, as market volatility in China and a relentless slide in oil prices unnerved investors, already jittery after a shaky start to the year. China allowed the biggest fall in the yuan in five months, and Shanghai stocks were halted for the second time this week after another brutal selloff tripped a new circuit breaker.Global stocks, however, trimmed losses after the Shanghai and Shenzhen stock exchanges s
  
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• Oil prices steady on short-covering after nearing 12-year low

  07-01-2016 17:10 via news.yahoo.com
  
  REUTERS - Oil prices steadied on Thursday after falling earlier to near 12-year lows as short-covering helped crude futures rebound from sentiment dented by a tumbling Chinese stock market. Global oil benchmark Brent was up 7 cents at $34.30 a barrel by 11:00 a.m. EST (1600 GMT) after sliding 5 percent during European trading to a low of $32.16, a level last seen in April 2004. U.S. crude's West Texas Intermediate futures were up 15 cents at $34.12, after hitting a low of $32.10, their lowest si
  
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• Walgreens beats 1Q profit forecasts, narrows 2016 forecast

  07-01-2016 17:03 via news.yahoo.com
  
  Walgreens trumped Wall Street earnings expectation for its fiscal first quarter, but the nation's largest drugstore chain started 2016 cautiously by narrowing — not raising — its forecast for the new year.
  
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• Price & Time: Nikkei 225 – Fear or Greed?

  07-01-2016 17:00
  
  Nikkei 225 continues decline from November turn window; 17,000 level critical support/pivot in medium-term.
  
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• European shares reduce losses as China suspends market circuit breaker

  07-01-2016 16:57 via news.yahoo.com
  
  European shares fell sharply on Thursday after China accelerated the depreciation of the yuan, but came off lows after the Chinese securities regulator said it would suspend its new stock market circuit ...
  
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• China suspends market circuit breaker mechanism after stock market rout

  07-01-2016 16:47 via news.yahoo.com
  
  SINGAPORE/SHANGHAI (Reuters) - China will suspend its new stock market circuit breaker as of Friday, the Shanghai and Shenzhen stock exchanges said on their websites on Thursday, after the mechanism sparked sharp falls in the country's volatile markets. Earlier on Thursday, China's stock markets were suspended for the day less than half an hour after the open as the mechanism was tripped for the second time this week. "The circuit breaker mechanism was not the main reason for the market slump.
  
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• Showtime TV bets 'Billions' with drama on Wall Street power brokers

  07-01-2016 16:17 via news.yahoo.com
  
  By Bob Tourtellotte LOS ANGELES (Reuters) - Cable TV network Showtime goes prospecting for audiences like a buy-side broker this month with its new show “Billions,” a drama that pac...
  
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• Wall Street shaken by China turmoil, oil slide

  07-01-2016 16:08 via news.yahoo.com
  
  U.S. stocks opened sharply lower for a second straight day on Thursday as market volatility in China and a relentless slide in oil prices unnerved investors. China allowed the biggest fall in the yuan in five months, and Shanghai stocks were halted for the second time this week after another brutal selloff. With Beijing accelerating the yuan's depreciation to make its exports more competitive, investors fear China's economy is even weaker than had been imagined.
  
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• Wall Street opens sharply lower on China woes, oil

  07-01-2016 15:34
  By Tanya Agrawal(Reuters) – Wall Street was set to open sharply lower for a second straight day on Thursday after China allowed the yuan to fall further and oil prices slid to near 12-year lows, raising concerns over the state of the global economy.
  China allowed the biggest fall in the yuan in five months, and Shanghai stocks were halted for the second time this week after another brutal selloff.
  With Beijing accelerating the yuan’s depreciation to make its exports more competitive,
  
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• The Butterfly Effect: 29 Minutes in China Creates Panic Around the World

  07-01-2016 15:22
  
  Panic is continuing to increase, and many are fearing a larger 2008-like correction. But how can an investor address such a tumultous environment?
  
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• USDOLLAR Technical Analysis: Long Dollar Like Lehman

  07-01-2016 14:30
  
  A higher close today on the FXCM USDollar would mark the most consecutive higher days in the US Dollar since Lehman
  
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• No Rest for the Weary as Commodity FX Slide Continues

  07-01-2016 13:43
  
  The mentality, 'If it's not nailed to the floor, sell it!' seems to be spreading across global equity markets and higher yielding currencies like the Australian Dollar.
  
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• British Chancellor warns of 'dangerous cocktail' of threats for 2016

  07-01-2016 13:33 via news.yahoo.com
  
  By David Milliken LONDON (Reuters) - British Chancellor George Osborne warned on Thursday that the economy faced a "dangerous cocktail" of threats from abroad and he urged against complacency after two years of solid growth. Osborne, whom Prime Minister David Cameron has named as a possible successor, said in a new year's message that Britain faced headwinds from slower growth in China, Brazil and Russia, tension in the Middle East and stock market falls. Britain has been among the fastest-growi
  
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• Gold at nine-week high as China worries hit stocks, palladium hits lowest since 2010

  07-01-2016 12:35 via news.yahoo.com
  
  By Clara Denina LONDON (Reuters) - Gold climbed above $1,100 an ounce for the first time in nine weeks on Thursday as the dollar fell and investors channelled money into safer assets as worries over the Chinese economy hit global stocks. European shares fell sharply after China accelerated the depreciation of the yuan, sending Asian shares to a three-month low. Chinese stocks fell 7 percent on Thursday after less than half an hour of trading, triggering a circuit breaker that suspended trading f
  
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• DAX 30: Short-Term Oversold, Remaining Bearish

  07-01-2016 12:27
  
  Price is short-term oversold and a pullback is probably needed before price heads lower once again.
  
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• FTSE 100 Slides On a Soft CSI 300, Could Drop Further

  07-01-2016 11:48
  
  The FTSE 100 is seeing a strong selloff this morning as China opts to weaken the Chinese Yuan. This in turn is set to trigger a 7% decline in the Chinese stock market index, the CSI 300.
  
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• China's stock market circuit breaker slammed for stoking volatility

  07-01-2016 11:48 via news.yahoo.com
  
  By Nichola Saminather SINGAPORE (Reuters) - A new circuit breaker designed to stem volatility in China's stock markets by halting trade when the market plunges, was making it worse, investors and analysts said on Thursday after the mechanism brought trade to an end for the second time this week. Investors say the circuit breaker on the Shanghai and Shenzhen stock exchanges, which suspends trade for 15 minutes when the market falls 5 percent then halts it for the day after a fall of 7 percent, ch
  
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• Fears for world economy wreak carnage on stocks and oil

  07-01-2016 11:29 via news.yahoo.com
  
  World stock markets tumbled and oil plumbed new lows Thursday as investors feared for the global economy on signs of a dramatic slowdown in powerhouse China. European stock markets plunged in morning deals following a heavy sell-off across Asia triggered by a suspension to trading in China, the world's second biggest economy and key driver of commodities consumption. Wall Street had already faltered on Wednesday, with dealers spooked by a World Bank report cutting its global growth forecasts aga
  
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• UK Shares Slide After China Trading Turmoil

  07-01-2016 11:15 via news.yahoo.com
  
  The FTSE 100 Index has dipped below the 6,000 mark following more stock market turmoil in China. European shares fell sharply after trading overnight in China was halted for the second time this week as prices plunged again amid continued investor panic. The FTSE 100 slipped by more than 100 points, or over 2%, to 5,900, nearing levels previously seen in December.
  
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