Analyst news

• Dow, S&P 500 end up in late turnaround; Alcoa dips after hours

  11-01-2016 23:23 via news.yahoo.com
  
  The Dow and S&P 500 ended a volatile session up slightly on Monday in a late turnaround, but a drop in biotechs and energy shares kept a lid on the market. The Nasdaq ended lower, led by a drop in biotech company Celgene , which fell 5.5 percent to $103.03 following a disappointing profit forecast. The Nasdaq Biotech index fell 3.4 percent in its eighth straight down day.
  
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• Global - Wall Street steadies as oil plunges, China woes deepen

  11-01-2016 23:09 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - Wall Street rallied to finish slightly higher on Monday, steadying after a brutal start to 2016, while beaten-down oil prices plunged further after a fresh tumble for Chinese stocks. China's main stock indexes each dropped more than 5 percent on Monday. Oil prices fell to new 12-year lows, as concerns over China hurt commodity prices broadly.
  
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• Wall Street steadies as oil plunges, China woes deepen

  11-01-2016 23:03 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - Wall Street rallied to finish slightly higher on Monday, steadying after a brutal start to 2016, while beaten-down oil prices plunged further after a fresh tumble for Chinese stocks. China's main stock indexes each dropped more than 5 percent on Monday. Oil prices fell to new 12-year lows, as concerns over China hurt commodity prices broadly.
  
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• Dow, S&P 500 end up slightly in late turnaround

  11-01-2016 22:52 via news.yahoo.com
  
  The Dow and S&P 500 ended a volatile session up slightly on Monday in a late turnaround, but a drop in biotechs and energy shares kept a lid on the market. The Nasdaq ended lower, led by a drop in Celgene , which fell 5.5 percent to $103.03 following a disappointing profit forecast. The Nasdaq Biotech index fell 3.4 percent, its eighth straight down day.
  
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• Wall Street ends little changed after volatile session

  11-01-2016 22:31 via news.yahoo.com
  
  NEW YORK (Reuters) - The Dow and S&P 500 ended a volatile session slightly higher on Monday, recovering from recent sharp selling, but a drop in biotechs and energy shares weighed on the market along with caution ahead of earnings season. The Dow Jones industrial average rose 51.78 points, or 0.32 percent, to 16,398.23, the S&P 500 gained 1.56 points, or 0.08 percent, to 1,923.59 and the Nasdaq Composite dropped 5.64 points, or 0.12 percent, to 4,637.99. (Reporting by Chuck Mikolajczak;
  
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• USD/JPY Technical Analysis: Will a Weekly Head & Shoulders Doom Abe?

  11-01-2016 22:00
  
  USD/JPY Downside was Key Story to Start 2016, but the Downside Faces a Significant Test of August 24, 2015, Low.
  
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• Euro, yen slide as market sentiment improves; dollar rises

  11-01-2016 21:52 via news.yahoo.com
  
  By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The low-yielding euro fell for a second session against the dollar on Monday, while the yen slipped for the first time in six days, as steadier global stock markets prompted investors to seek other currencies that provide better returns. Wall Street shares were volatile all day but recovered some of their losses after a poor start to the new year, diminishing the appeal of the euro and yen. Europe's common currency has been used in recent carry tr
  
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• SPX Technical Analysis: Is This It?

  11-01-2016 21:51
  
  Stocks have already put in a major move in the young new year, leading many to ask - is this the beginning of the collapse that many have been fearing for years?
  
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• Wall Street continues recent decline as biotechs, oil drop

  11-01-2016 21:32 via news.yahoo.com
  
  U.S. stocks extended their recent slide on Monday with declines in biotechs and energy shares, while caution ahead of earnings season also weighed on the market. The S&P energy sector dropped 2.8 percent following another sharp drop in oil prices. Last week, stocks had their worst five-day start to a year ever following mounting investor concerns about declining oil prices and a China-led slowdown in global growth.
  
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• Oil dive deepens to 12-year low; $20 warning on China

  11-01-2016 21:22 via news.yahoo.com
  
  By Catherine Ngai NEW YORK (Reuters) - A brutal new year selloff in oil markets quickened on Monday, with prices plunging 6 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude as low as $20 a barrel. The latest catalyst was a further 5 percent decline in China's blue-chip stocks and a surge in overnight interest rates for the yuan outside of China to nearly 40 percent, their highest since the launch of the offshore market. Morgan Stanley warned t
  
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• Global - Oil plunges, Wall Street drops, China woes deepen

  11-01-2016 21:14 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - Wall Street and European stock markets fell on Monday, worsening a brutal start to 2016, as a plunge in beaten-down oil prices and a fresh tumble for Chinese shares gave investors more reasons to sell. Fears over China's economy contributed to last week's declines, and China's main stock indexes each dropped more than 5 percent on Monday. Oil prices fell to new 12-year lows, as concerns over China hurt commodity prices broadly.
  
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• COT-Large Speculators Flip to Net Long Japanese Yen Position

  11-01-2016 21:12
  
  The most recent shift in Japanese Yen positions was the largest on record. In fact, large speculators have flipped to the long side. They had been net short since October 2012!
  
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• Oil plunges, Wall Street drops, China woes deepen

  11-01-2016 21:10 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street and European stock markets fell on Monday, worsening a brutal start to 2016, as a plunge in beaten-down oil prices and a fresh tumble for Chinese shares gave investors more reasons to sell.
  
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• Amazon to launch portable version of Echo speaker - Wall Street Journal

  11-01-2016 20:45 via news.yahoo.com
  
  (Reuters) - Amazon.com Inc expects to release a smaller, portable version of its voice-activated Echo speaker, the Wall Street Journal reported, citing people familiar with the plans. Amazon.com launched "Amazon Echo" in November 2014, a speaker one can leave on all day and give it voice directions, like Siri on an Apple Inc iPhone. Amazon is relying on Flextronics International Ltd to help make the device, the WSJ reported.
  
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• Ignoring Warnings, Drug Companies Hike Prices By 10 Percent

  11-01-2016 20:12 via news.yahoo.com
  
  The U.S. pharmaceutical industry just unveiled a new round of hefty price hikes, shrugging off mounting concern among consumers, presidential candidates and public policy experts about the sharp spike in prescription drug costs. Pfizer Inc., Amgen Inc., Allergan PLC and other companies have raised U.S. prices for scores of branded drugs since late December, with many of the increases between 9 percent and 10 percent, according to Wall Street Journal interviews with equity analysts.
  
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• US stocks veer lower following another drop in price of oil

  11-01-2016 19:47 via rocketnews.com
  
  A slump in crude oil prices and other commodities weighed on stocks in afternoon trading Monday. Energy companies were among the biggest decliners as the price of crude oil sank to the lowest level in more than a decade. Investors also weighed the implications of another drop in China’s stock market.
  KEEPING SCORE: The Dow Jones industrial average lost 81 points, or 0.5 percent, to 16,260 as of 1:45 p.m. Eastern time. The Standard & Poor’s 500 index shed 16 points, or 0.9 percen
  
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• Wall Street wobbles as health stocks, oil prices drop

  11-01-2016 19:24 via news.yahoo.com
  
  Wall Street struggled for gains in volatile trading on Monday, weighed down by healthcare stocks and oil prices hitting fresh 12-year lows, ahead of the start of corporate earnings season. The S&P energy sector down 2.23 percent, and materials sector, off 1.6 percent, faced the brunt of a near 6 percent slide in oil prices. The health sector was down 1.38 percent, dragged down by Celgene and McKesson.
  
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• Amazon to launch portable version of Echo speaker – WSJ

  11-01-2016 19:13 via rocketnews.com
  REUTERS – Amazon.com Inc expects to release a smaller, portable version of its voice-activated Echo speaker, the Wall Street Journal reported, citing people familiar with the plans. The new device, code-named “Fox”, is expected to be priced lower than the $180 Echo, the newspaper reported. (http://on.wsj.com/1IYYAQh) Amazon.com launched “Amazon Echo” in November 2014, a speaker one can leave on all day and give it voice directions, like Siri on an Apple Inc iPhone.
  
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• Webinar: EUR, AUD Pose Brisk Start to the Week- Crosses in Focus

  11-01-2016 19:10
  
  Setups we’re tracking after last week’s volatile session with the EUR & AUD crosses in our sites. Here are the updated targets & invalidation levels that matter.
  
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• Chinese Media Shows Growing Concern Over Stock Market Declines

  11-01-2016 18:36
  
  After thousands of stocks reached limit-down band and halted trading on Monday, here is what the Chinese media says:
  
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• USD/JPY RSI Sits in Oversold Territory, Retail FX Remains Net-Long

  11-01-2016 18:35
  
  USD/JPY stands at risk of extending the decline from the previous week as the momentum indicator pushes deeper into oversold territory.
  
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• Wall Street loses gains as health stocks, oil prices slide

  11-01-2016 17:41 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – Wall Street gave up early gains and were lower late on Monday morning, dragged down by health stocks and as crude prices slid further ahead of the start of the corporate earnings season.
  The S&P materials and energy sectors were both off more than 1 percent, under pressure as oil prices fell for the sixth day in a row. U.S. crude fell to $31.93, its lowest since 2003.
  The health sector fell the most, declining 1.38 percent, dragged down by Celgene and M
  
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• Flipkart rejigs top management ahead of possible IPO

  11-01-2016 17:33 via news.yahoo.com
  
  By Himank Sharma and Sumeet Chatterjee MUMBAI (Reuters) - India's biggest e-commerce company Flipkart's chief executive and co-founder, Sachin Bansal, will step down and be succeeded by its other co-founder Binny Bansal, in a move viewed by some as a step towards a stock market listing. Binny, who was chief operating officer before the rejig, launched Flipkart in 2007 with Sachin, who will now take the role of executive chairman. The Bansals, both former Amazon.com Inc employees, are not related
  
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• India's Flipkart rejigs top management ahead of possible IPO

  11-01-2016 17:25 via news.yahoo.com
  
  By Himank Sharma and Sumeet Chatterjee MUMBAI (Reuters) - India's biggest e-commerce company Flipkart's chief executive and co-founder, Sachin Bansal, will step down and be succeeded by its other co-founder Binny Bansal, in a move viewed by some as a step towards a stock market listing. Binny, who was chief operating officer before the rejig, launched Flipkart in 2007 with Sachin, who will now take the role of executive chairman. The Bansals, both former Amazon.com Inc employees, are not related
  
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• China's cabinet to have greater financial supervision role - source

  11-01-2016 17:10 via news.yahoo.com
  
  By Benjamin Kang Lim BEIJING (Reuters) - China's cabinet is set to take on a bigger role in overseeing financial markets, as perceived missteps by existing regulators fuel concerns globally that Beijing may lose its grip on economic policy with growth at its slowest in a quarter of a century. The State Council has set up a working group, headed by deputy secretary-general Xiao Jie, a former vice finance minister and tax chief, to prepare for upgrading the cabinet's financial department to bureau
  
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• USD/JPY Range Bound to Start Week

  11-01-2016 16:55
  
  The USD/JPY has failed to break higher, and is trading in a 89 pip range.
  
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• India market outlook depends on demand, earnings: Moody's

  11-01-2016 16:38 via news.yahoo.com
  
  Mumbai, Jan 11 (IANS) The markets outlook for India this year is contingent on consumption demands, corporate earnings and inflation trends, American ratings agency Moody's said on Monday. "India enters 2016 on the cusp of a cyclical growth recovery, with inflation under control and the economy benefiting from lower commodity prices," Moody's associate managing director Atsi Sheth said in a note. Citing a projection of a boost in demand post-implementation of the recommended pay revision for cen
  
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• Europe, US stocks resist another Asia downturn

  11-01-2016 16:27 via news.yahoo.com
  
  Markets in Europe and the US eked out gains Monday shrugging off another tumble across Asia that saw Shanghai plunge more than five percent on stubborn worries about China's economic slowdown. On Wall Street, the Dow Jones and Nasdaq were slightly higher in early trading, seeking to rebound after Friday's losses, with the Dow Jones up 0.08 percent and the Nasdaq rising 0.04 percent. In Europe, markets proved volatile switching frequently between gains and losses in morning business, before firmi
  
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• Wall Street edges up, rebounding from worst-ever start to a year

  11-01-2016 16:03 via news.yahoo.com
  
  U.S. stocks broadly rose on Monday, led by Apple, as they rebounded off their worst-ever start to a year and with the corporate earnings season set to kick off. All 10 major S&P sectors opened higher, before the energy and materials sectors reversed course, staying under pressure as oil prices fell for the sixth day in a row, hovering near 12-year lows. Global stocks were mixed as jittery investors looked for stability after a bruising start to the year due to declining oil prices and mounti
  
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• Price & Time: NZD/USD: Starting Down or Bullish Backtest?

  11-01-2016 16:00
  
  NZD/USD remains under pressure following brief foray over 200-day MA, November low is critical from a timing perspective.
  
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• Brent: upward correction is expected

  11-01-2016 15:57 via liteforex.com
  Forex analytics: Current trendThe price of Brent crude oil continues falling while trading at its 11-year lows.The price remains under pressure amid significant excess of supply on the market as major oil-producing countries try to compensate a reduction in profits by increasing exporting volumes. Furthermore, amid increasing exports demand for oil is falling due to slowing Chinese economy. In addition, the ...
  
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• Wall Street opens higher as earnings season starts

  11-01-2016 15:36 via rocketnews.com
  U.S. stocks opened higher on Monday as the corporate earnings season is set to kick off, with Alcoa reporting after the close. The Dow Jones industrial average rose 73.14 points, or 0.45 percent, to 16,419.59. The S&P 500 gained 8.74 points, or 0.45 percent, to 1,930.77 and the Nasdaq Composite index added 29.59 points, or 0.64 percent, to 4,673.22.(Reporting by Alan John Koshy in Bengaluru; Editing by Savio D’Souza)
  Finance
  Investment & Company InformationThe post Wall Street ope
  
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• Business Outlook Survey. Canada, 5:30 pm

  11-01-2016 15:30 via liteforex.com
  Forex analytics: The Bank of Canada Business Outlook Survey is due at 5:30 pm (GMT+2). The survey is based on interviews of 100 business executives and outlines perspectives of economic development in Canada. 
  
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• Chinese Stocks Get Thumped as Copper Falls to Fresh Lows

  11-01-2016 15:27
  
  While many global bourses are getting a bounce today, the underlying themes of weakness still persist: We're not out of the woods yet.
  
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• Labour Market Conditions Index. US, 5:00 pm

  11-01-2016 15:00 via liteforex.com
  Forex analytics: Data on the Labour Market Conditions Index is due at 5:00 pm (GMT+2) in the US. The index is based on the 19 indices representing the labour market. The growth in the index can support the USD.
  
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• USD/TRY: pair in correction

  11-01-2016 14:45 via liteforex.com
  Forex analytics: Current trendLast week the pair grew by more than 1000 points. The pair was supported in the end of the week by strong labour market data from the US that came out significantly better than forecasts.Since the beginning of this week, the price is in a downward correction. Pair’s decline is happening alongside USD weakening in pairs with commodity currencies, such as NZD, AUD and CAD. ...
  
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• Silver Prices May Reach $14.64, Discrepancy To Gold Prices

  11-01-2016 14:00
  
  Silver prices remain low and trendless despite gold prices soaring on safe haven demand.
  
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• Aramco chairman says no concrete listing plans yet -WSJ

  11-01-2016 13:48 via news.yahoo.com
  
  (Adds quotes, details, background) DUBAI, Jan 11 (Reuters) - Saudi Arabia's giant national oil company is weighing various ideas regarding the possible listing of the world's largest oil company or its subsidiaries, Saudi Aramco Chairman Khalid al-Falih told the Wall Street Journal on Monday. Falih told the WSJ that there was no specific timeline yet for the listing, saying it "cannot be done overnight". Aramco is also looking into listing its refining and petrochemical assets, Falih said.
  
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• Alcoa gets $1.5 billion supply contract from GE's aviation unit

  11-01-2016 13:45 via news.yahoo.com
  
  (Reuters) - Alcoa Inc said on Monday it had signed a $1.5 billion long-term contract with General Electric Co's aviation unit to supply components used in aircraft engines. The company did not specify the period covered by the contract, which was first reported by the Wall Street Journal. Alcoa said it would make the parts in six U.S. states as well as in France and Canada.
  
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• Housing Starts. Canada, 3:15 pm

  11-01-2016 13:15 via liteforex.com
  Forex analytics: Data on Housing Starts for December is due at 3:15 pm (GMT+2) in Canada. On a year-to-year basis, the number is forecasted to grow from 211.9 to 213 thousands. The growth of the figure can support the national currency as it signals a growth of the economy. 
  
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• The first winner in New Year Promo 2016 is defined!

  11-01-2016 13:06 via liteforex.com
  
  LiteForex's News: Dear clients, The first stage of our New Year raffle New Year Promo 2016 has ended and we are ready to announce the winner. The winner is the participant with ordinal number *443*, that coincided with the winning number made up of the 3 last digits in EURUSD, GBPUSD and USDJPY quotes. So, we congratulate Anuar bin Waid (Malaysia) with the account number MT4-R-271950 who won an Apple iPhone 6S ...
  
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• Shares, oil steady in Europe after China sends Asia sprawling

  11-01-2016 12:55 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World stocks fell to near 2-1/2 year lows on Monday as a fresh pounding for Chinese markets left Asia at a four-year trough and sent oil and commodity markets sprawling again. Europe's main bourses saw a more steady start to the week but investors were still shaky after a torrid session in Asia as doubts continued to mount about Beijing's ability to manage the world's second-biggest economy. Wall Street's S&P 500, Dow Jones industrial and Nasdaq were expected
  
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• DAX 30 May Slide To 9659 As Risk Appetite Remains Low

  11-01-2016 12:18
  
  The DAX 30 is, like so many other equity markets around the world, struggling. The index remains bearish below Friday's high of 10,089 and would need to break this level for buyers to take over.
  
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• Aramco chairman says "serious consideration" under way to do public listing - WSJ

  11-01-2016 11:45 via news.yahoo.com
  
  Saudi Arabia is considering a public listing for its national oil company Saudi Aramco which could include listing both upstream and downstream assets, Aramco's chairman was quoted as saying on Monday by the Wall Street Journal. Khalid al-Falih told the WSJ that there was no specific timeline yet for the listing, saying it "cannot be done overnight". Falih was cited as saying that the listing will be primarily on the domestic stock exchange but he is not ruling out international listings, accord
  
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• XAU/USD: gold slowed growth

  11-01-2016 11:36 via liteforex.com
  Forex analytics: Current trendIn the end of last week, the price of gold fell amid strengthening after the publication of strong labour market data US Dollar.The Nonfarm Payrolls grew from 252 to 292 thousands while economists predicted a fall to 200 thousands. The Unemployment Rate remained unchanged at 5% below which it last time declined in 2007. At the same time, Average Hourly Earnings did not match the ...
  
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• Euro Helped by Risk-Off Atmosphere, One-Sided Market Positioning

  11-01-2016 10:30
  
  Knowing-well that the ECB will be providing ample liquidity to markets over the coming years, the Euro has benefited as equity markets globally have slipped.
  
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• MIDEAST STOCKS-Saudi sinks to four-year low; Egypt mixed

  11-01-2016 10:17 via news.yahoo.com
  
  DUBAI, Jan 11 (Reuters) - Saudi Arabia's stock market extended losses on Monday to reach a new four-year low as investors sold off ahead of earnings season, while Egypt's market was mixed in thin trade. Saudi's bourse was down 1.2 percent at 6,020 points as of 0900 GMT after briefly breaching the critical 6,000 level. It has fallen 12.8 percent this year and hit its lowest level since October 2011 in early trade. "Technical indicators show the index is oversold but remains in a downtrend, a brea
  
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• FTSE 100 Claws Back Losses, But Needs to Break 6012 To Turn Bullish

  11-01-2016 10:16
  
  Global risk-aversion may keep the FTSE 100 down
  
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• GBP/USD: pair remains under pressure

  11-01-2016 09:56 via liteforex.com
  Forex analytics: Current trendLast week the pair significantly fell and reached its 2010 lows at 1.4505.Substantial support to the pair came from the US labour market data that came out on Friday. The Nonfarm Payrolls for December grew to 292 thousands, while economists predicted a fall to 200 thousands. The Unemployment Rate in December remained unchanged at 5% that matched the expectations.Support and ...
  
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• NZD/USD Technical Analysis: Eighth Down Day in the Works

  11-01-2016 09:32
  
  The New Zealand Dollar is working on an eighth consecutive day of losses against its US namesake, touching levels unseen since November.
  
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