Analyst news

• Wall Street has worst start to year ever

  08-01-2016 23:15 via news.yahoo.com
  
  Both the Dow and S&P 500 had their worst five-day starts in history, with the Dow falling 6.2 percent for the week and S&P 500 sliding 6 percent. The Nasdaq was down 7.3 percent this week. Oil prices fell for a fifth day and Brent lost 10 percent for the week, while the S&P energy sector also extended this week's slide, ending the day down 1.3 percent.
  
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• Stocks crater in worst week in 4 years; oil crumbles

  08-01-2016 23:14 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - The benchmark S&P 500 U.S. stock index on Friday notched its worst five-day start to a year on record as fear of a slowdown in China offset a surprisingly strong payrolls report in the United States. Stocks had opened higher on Wall Street after data showed the economy created many more jobs than expected in December and previous months were revised higher.
  
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• SPX500 and DAX Could Get a Lot Uglier

  08-01-2016 23:08
  
  The DAX is testing a huge support line for the 4th time in 15 months. A break below, which is more likely given that this is the 4th test, would probably coincide with an incredible rally in EUR/USD.
  
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• Historic start to a year as Wall Street reels on China woes

  08-01-2016 22:16 via news.yahoo.com
  
  The S&P 500 and Dow industrials posted their worst 5-day start to a year on record on Friday on continued worries that a slowdown in China could damage the global economy, even as U.S. jobs growth was stronger than expected. For the day, the Dow Jones industrial average fell 167.65 points, or 1.02 percent, to 16,346.45, the S&P 500 lost 21.06 points, or 1.08 percent, to 1,922.03 and the Nasdaq Composite dropped 45.80 points, or 0.98 percent, to 4,643.63.
  
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• US stock market ends its worst week since 2011

  08-01-2016 22:11 via news.yahoo.com
  
  NEW YORK (AP) — The U.S. stock market closed out its worst week since 2011, rattled by concerns over a slowdown in China's economy and plunging oil prices.
  
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• Oil down 10 percent after five-day drop; Goldman says more losses needed

  08-01-2016 21:51 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil fell for a fifth straight day on Friday, losing 10 percent on the week, and Goldman Sachs said more losses were needed to force producers to cut supplies adequately to balance the glut and bleak demand outlook in the market. Futures of global oil benchmark Brent and U.S. West Texas Intermediate (WTI) crude seesawed through the day, settling slightly lower after stock prices on Wall Street gave up their earlier strength. The two benchmarks hit 12-year l
  
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• Billionaire Cohen settles with SEC, could soon manage outside money

  08-01-2016 21:49 via news.yahoo.com
  
  The hedge fund billionaire Steven A. Cohen has resolved U.S. charges related to insider trading, in an accord that clears the way for one of Wall Street's top investors to soon manage outside money even after his former firm pleaded guilty to fraud. Cohen accepted a two-year ban on managing outside money in a settlement announced on Friday by the U.S. Securities and Exchange Commission, possibly ending the long probe by the government into Cohen and his former firm SAC Capital Advisors. The acco
  
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• Wall Street declines heading into close

  08-01-2016 21:48 via news.yahoo.com
  
  U.S. stocks fell in choppy trading on Friday afternoon as sliding oil prices offset upbeat U.S. job growth data. The S&P 500 was on track for its worst five-day start to a year since at least 1929. Oil prices tumbled to their lowest in more than a decade and posted steep losses for the week, and the S&P energy sector extended this week's slide.
  
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• Oil resumes fall, stocks dip despite bumper jobs data

  08-01-2016 21:45 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - A surprisingly strong payrolls report in the United States on Friday failed to entice investors into stocks even as equities appeared oversold globally following a near 5-percent drop to start the year. Brent crude oil extended its weekly slide to more than 10 percent, pressured by unrelenting oversupply and a bleak demand outlook. Stocks had opened higher on Wall Street after data showed the economy created many more jobs than expected in December and prev
  
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• Oil down 10 percent after 5-day drop; Goldman says more losses needed

  08-01-2016 21:37 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil fell for a fifth straight day on Friday, losing 10 percent on the week, and Goldman Sachs said more losses were needed to force producers to cut supplies adequately to balance the glut and bleak demand outlook in the market. Futures of global oil benchmark Brent and U.S. West Texas Intermediate (WTI) crude seesawed through the day, settling slightly lower after stock prices on Wall Street gave up their earlier strength. The two benchmarks hit 12-year l
  
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• Wall Street expects March hike, China a wild card: poll

  08-01-2016 21:14 via news.yahoo.com
  
  Wall Street's top banks say the Fed is likely to raise rates by March, but subsequent rate increases will be slow, particularly if China devalues its currency at a rapid rate in 2016. A Reuters poll of the primary dealers that deal directly with the Federal Reserve shows that 13 of 18 that responded expect a rate increase by the March meeting of the Federal Open Market Committee. The median expectation for the federal funds rate by the end of 2016 was a range of 1 to 1.25 percent, same as in ear
  
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• Robust U.S. jobs data buoy dollar as China fears linger

  08-01-2016 21:11 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - The dollar rose on Friday on steps taken by China to ease this week’s market turbulence and on U.S. jobs gains in December, but the rise was limited by worries over whether Beijing has done enough to calm its battered stock market. Steep losses across global stock markets this week on fears about further slowing in the world's second-biggest economy have clouded investors' outlook on the greenback and on whether the Federal Reserve has room to raise U.
  
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• A New ‘Cuban Missile Crisis’ Could Shuffle the GOP’s Presidential Cards

  08-01-2016 21:00 via news.yahoo.com
  
  An unarmed U.S. Hellfire missile winding up in Cuba could give congressional Republicans and GOP presidential candidates a new weapon to bludgeon President Obama’s legacy-building push to normalize relations between the two countries. The weapon, originally meant to be used in a NATO exercise, hopscotched through Europe via multiple shipping companies before turning up in Havana, according to The Wall Street Journal. Whether the inquiry chalks up the blunder to human error, or something mo
  
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• Wall Street wobbles as oil prices fluctuate

  08-01-2016 19:27
  
  By Tanya Agrawal(Reuters) – U.S. stocks bounced in and out of positive territory in choppy trading on Friday as investors were whipsawed by the effects of fluctuating oil prices and robust U.S. job growth data.
  Oil prices slipped below $33 per barrel – their lowest in more than a decade. They have lost about 70 percent since mid-2014. [O/R]
  Data showed nonfarm payrolls surged in December and unemployment rate held steady at 5 percent. October and November payrolls were revised sharpl
  
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• Wall St bets on Apple bounceback despite iPhone shipment worries

  08-01-2016 19:02 via news.yahoo.com
  
  Apple Inc has lost about $50 billion of its market value in the first four days of the year, but Wall Street brokerages remained confident the stock would bounce back. While several brokerages reduced their price targets in response to reports of slowing shipments of the iPhone 6S and 6S Plus, they backed their mostly upbeat recommendations. The most bearish of the six brokerages lowering their targets on Friday was Cowen and Co, which cut its target to $125.
  
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• Oil prices steady but head for 10 percent weekly decline

  08-01-2016 19:02 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Crude prices steadied on Friday, supported by higher stock prices on Wall Street, but oil was still headed for a 10 percent weekly decline as global oversupply and a bleak demand outlook made it hard to guess the market's bottom. Over the past four days, futures of global benchmark Brent and U.S. West Texas Intermediate (WTI) crude slid sharply, hitting 12-year lows, after China's stock market plunge this week roiled global markets. By Friday noon, oil was
  
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• Oil prices steady but head for 10 pct weekly decline

  08-01-2016 19:02 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Crude prices steadied on Friday, supported by higher stock prices on Wall Street, but oil was still headed for a 10 percent weekly decline as global oversupply and a bleak demand outlook made it hard to guess the market's bottom. Over the past four days, futures of global benchmark Brent and U.S. West Texas Intermediate (WTI) crude slid sharply, hitting 12-year lows, after China's stock market plunge this week roiled global markets. By Friday noon, oil was
  
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• Wall Street bets on Apple bounceback despite iPhone shipment worries

  08-01-2016 18:58 via news.yahoo.com
  
  Apple Inc has lost about $50 billion of its market value in the first four days of the year, but Wall Street brokerages remained confident the stock would bounce back. While several brokerages reduced their price targets in response to reports of slowing shipments of the iPhone 6S and 6S Plus, they backed their mostly upbeat recommendations. The most bearish of the six brokerages lowering their targets on Friday was Cowen and Co, which cut its target to $125.
  
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• Safe-haven bonds hold firm even as calm returns to world markets

  08-01-2016 18:34 via news.yahoo.com
  
  By Dhara Ranasinghe LONDON (Reuters) - Short-dated German government bond yields held near one-month lows on Friday, suggesting demand for safe-haven debt remained strong after a turbulent week for world markets. Oil prices recovered from 12-year lows and Chinese stocks rebounded, restoring some stability, after China suspended its stock-market circuit breakers and nudged the yuan higher for the first time in nine days. Data showing a surge in U.S. jobs growth in December -- which should give th
  
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• Britain's FTSE starts 2016 with weakest first week since 2000

  08-01-2016 18:34
  
  * Sports Direct slumps after profit warning (Adds quote, details)
  
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• USDOLLAR Breakout Attempt Fizzles Despite Upbeat NFP Report

  08-01-2016 18:00
  
  Despite the 292K expansion in U.S. Non-Farm Payrolls (NFP), the USDOLLAR may have marked another failed attempt to break out of the near-term range.
  
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• FTSE 100 Falls 5% In First Week Of 2016

  08-01-2016 17:59 via news.yahoo.com
  
  The FTSE 100 has lost nearly £81bn of market value this week as the index dips below 6,000 following concerns over the health of the Chinese economy. London's leading share index closed 42 points lower on Friday, brining the week's cumulative fall to 314 points - and below the psychologically important 6,000 level. European markets were also lower, while early gains on Wall Street after stronger than expected US jobs figures, were quickly reversed.
  
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• Substantial Shift in Sentiment Warns of Trend Changes for US Dollar

  08-01-2016 17:20
  
  A substantial shift in forex trader positions warns that the Euro and Gold prices may have set important near-term lows. Here’s what we’re watching next.
  
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• Price of Gold May have Set Important Low

  08-01-2016 17:20
  
  A substantial shift in forex trader positioning warns that the downtrend in gold prices may soon come to an end. Last week we warned that sentiment was at its most one-sided since the pair traded to important lows in July—nearly 80 percent of all open positions were long.
  
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• New Zealand Dollar Trend Turns Lower

  08-01-2016 17:20
  
  The majority of retail FX traders in our sample remain short the New Zealand Dollar versus the US Dollar, and a contrarian view of sentiment would typically leave us in favor of gains.
  
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• FX Traders Sell into Euro Rallies - Watch for a Break Higher

  08-01-2016 17:20
  
  Retail FX traders have recently sold into Euro gains versus the US Dollar, and a contrarian view of crowd sentiment leaves us watching for further gains. And indeed, we believe that the EUR/USD may continue higher through near-term trading.
  
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• Forex Trader Sentiment Favors Further USDCAD Gains

  08-01-2016 17:20
  
  Retail FX traders remain aggressively short the US Dollar versus the Canadian Dollar, and until this changes we will maintain our contrarian calls for further USD/CAD strength.
  
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• British Pound Forecast to Continue Lower

  08-01-2016 17:20
  
  Retail forex traders continue to buy aggressively into British Pound weakness, and a contrarian view of popular sentiment leaves us firmly in favor of selling the GBP/USD.
  
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• Australian Dollar Forecast Turns Clearly Bearish

  08-01-2016 17:20
  
  Retail forex traders have bought aggressively into recent Australian Dollar losses, and a contrarian view of crowd sentiment warns of further AUD/USD declines.
  
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• FTSE 100 Gains Fade After Jittery Start To 2016

  08-01-2016 16:33 via news.yahoo.com
  
  The FTSE 100 Index is experiencing another volatile day as it hovers around the 6,000 mark. London's leading share index added more than 50 points to edge above 6,000 in early trading though it later slipped back below that mark as the strength of the gains faded. European markets were also lower while there were gains on Wall Street after stronger than expected US jobs figures, soothing fears about the economy's health.
  
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• FTSE 100 Edges Higher As China Slump Ends

  08-01-2016 16:27 via news.yahoo.com
  
  The FTSE 100 Index is experincing another volatile day as it hovers around the 6,000 mark. London's leading share index added more than 50 points to edge above 6,000 in early trading though it later slipped back below that mark as the strength of the gains faded. European markets were also lower while there were gains on Wall Street after stronger than expected US jobs figures, soothing fears about the economy's health.
  
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• Wall Street opens higher after robust jobs report

  08-01-2016 16:18 via news.yahoo.com
  
  Wall Street opened higher on Friday as Chinese stocks recovered, oil prices clawed back and data showed robust job growth in the United States. Nonfarm payrolls surged in December and unemployment rate held steady at 5 percent. At 9:38 a.m. ET (1438 GMT), the Dow Jones industrial average was up 77.15 points, or 0.47 percent, at 16,591.25, the S&P 500 was up 11.82 points, or 0.61 percent, at 1,954.91 and the Nasdaq Composite index was up 44.30 points, or 0.94 percent, at 4,733.73.
  
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• CORRECTED-Sientra says medical implants found safe in independent review

  08-01-2016 16:15
  
  Jan 8 (Reuters) - Breast implant maker Sientra Inc said its medical implants were found to be safe during a third-party testing, three months after it suspended sales of the devices to ensure...
  
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• Wall Street analysts lower Apple price targets

  08-01-2016 16:13 via news.yahoo.com
  
  (Reuters) - Apple Inc has lost about $50 billion of its market value in the first four days of the year, forcing some Wall Street analysts to adjust their view on the iPhone maker. At least five analysts cut their price targets on Apple's shares on Friday, in response to reports of slowing shipments of the iPhone 6S and 6S Plus. "We continue to view the near-term softness in iPhone units as the result of tough comparisons rather than a change to the secular growth rate," BMO Capital Markets anal
  
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• When Are Earnings Likely To Bounce Back At BP plc, Premier Oil PLC & Hunting plc?

  08-01-2016 16:12 via news.yahoo.com
  
  Royston Wild examines when investors can expect earnings to get better at BP plc (LON: BP), Premier Oil PLC (LON: PMO) and Hunting plc (LON: HTG).
  
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• GBP/USD Attempts Post NFP Breakout

  08-01-2016 16:10
  
  The GBP/USD is trading lower this morning after today’s US Payroll figures (NFP) were released better than expected.
  
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• Strong NFP Brings Stocks Lower - Good News is Getting Shrugged Off

  08-01-2016 15:59
  
  It's really bearish when even good news can't propel risk assets higher, and this may be signaling an upcoming wall-of-worry.
  
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• Britain's FTSE kicks off 2016 with worst first-week since 2000

  08-01-2016 15:56
  
  LONDON, Jan 8 (Reuters) - UK shares were on track for their biggest fall in the first week of a year since 2000 despite steadying on Friday, after Chinese stocks regained some poise following a...
  
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• Wall St. analysts lower Apple price targets

  08-01-2016 15:37 via news.yahoo.com
  
  (Reuters) - Apple Inc has lost about $50 billion (34 billion pounds) of its market value in the first four days of the year, forcing some Wall Street analysts to adjust their view on th...
  
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• China stays in focus after tumultuous first week of 2016

  08-01-2016 15:36
  
  By Padraic HalpinDUBLIN (Reuters) – Having rocked world markets at the start of 2016, China will remain in the spotlight in the coming week, with data that may help gauge how sharply growth is slowing in the world’s second-largest economy. The tremors set off by the 1 percent slide in China’s yuan, from a hammering of Shanghai stocks to oil’s slide to a 12-year low and Wall Street’s weakest start to a year since 2001, echoed the China-triggered turbulence of last Au
  
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• EXCLUSIVE-Brazil central bank weighed ban on former BTG Pactual CEO Esteves

  08-01-2016 15:30
  
  BRASILIA, Jan 8 (Reuters) - Five years before his arrest in a political corruption scandal, billionaire financier André Esteves was nearly banned from banking in Brazil due to irregular trading,...
  
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• Blowout December US Jobs Report Inspires US Dollar Rally, If Only Briefly

  08-01-2016 15:18
  
  This was a good, but not great, labor report for the US economy. The greenback briefly rallied, but has since faded its gains.
  
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• Price & Time: S&P 500 Shakeout of Shakedown?

  08-01-2016 15:10
  
  S&P 500 touches negative sentiment extremes. Next few days critical of US equities.
  
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• Wall St set to open higher after robust jobs report

  08-01-2016 15:04 via news.yahoo.com
  
  Wall Street was set to open higher on Friday as Chinese stocks recovered, oil prices clawed back and data showed robust job growth in the United States. Nonfarm payrolls surged by 292,000 in December, and unemployment rate held steady at 5 percent. October and November payrolls were revised to show 50,000 more jobs created than previously reported, according to the report.
  
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• BUZZ-Sports Direct: Biggest Stoxx loser on earnings warning

  08-01-2016 14:56
  
  ** Sports Direct slides over 15 pct to near 3-yr low on another earnings warning, making it the biggest loser on the pan-European Stoxx 600 index
  
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• UPDATE 1-Shares in Britain's Sports Direct hammered by profit alert

  08-01-2016 14:51
  
  LONDON, Jan 8 (Reuters) - Sports Direct, Britain's biggest sportswear retailer, warned on Friday annual profit could be up to 40 million pounds ($58 million) lower than guidance issued less than a...
  
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• AUD/USD: general review

  08-01-2016 14:51 via liteforex.com
  Forex analytics: Current trendToday the pair is trying to correct up after a significant fall of the last few days. Data on Retail Sales that came out in Australia today matched the expectations of economists of 0.4% against the previous month. At the same time, the pair remains under pressure amid anticipated strengthening in the USD.Today attention needs to be paid to data on the Unemployment Rate and ...
  
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• Stocks, oil stabilise after new year nightmare

  08-01-2016 14:25 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - Gains by Chinese stocks, a steadier yuan and a recovery in oil prices helped calm frazzled investors on Friday, just in time for the first U.S. payrolls report of the year. China nudged the yuan higher for the first time in nine days, easing fears that it had lost control of the currency. Traders also cheered its decision to dump an unpopular stock market "circuit-breaker" system introduced this week, helping to restore a measure of risk appetite.
  
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• Unemployment Rate, NFPR. US, 3:30 pm

  08-01-2016 13:30 via liteforex.com
  Forex analytics: The US labour market statistics is due at 3:30 pm (GMT+2). Data on the Unemployment Rate and Nonfarm Payrolls will be published.
  
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• Unemployment Rate, Employment Change. Canada, 3:30 pm

  08-01-2016 13:30 via liteforex.com
  Forex analytics: Data on the Unemployment Rate and Employment Change for December is due at 3:30 pm (GMT+2) in Canada. 
  
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