Analyst news

• S&P shocks Poland with credit rating downgrade

  15-01-2016 23:45 via news.yahoo.com
  
  By Marcin Goettig WARSAW (Reuters) - Standard and Poor's (S&P) unexpectedly cut Poland's credit rating a notch on Friday, saying the new government has weakened the independence of key institutions and the rating could fall further. The cut, the agency's first for Poland's hard currency debt, deals a major blow to the nationalist-minded government of the Law and Justice (PiS) party, which won an election in October promising more welfare and widely-shared prosperity. Poland, which joined the
  
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• Wall Street haemorrhages as oil tumbles and China fears deepen

  15-01-2016 23:36 via news.yahoo.com
  
  Wall Street bled on Friday, with the S&P 500 sinking to its lowest since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China. Pain was dealt widely, with the day's trading volume unusually high and more than a fifth of S&P 500 stocks touching 52-week lows. The major S&P sectors all ended sharply lower.
  
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• Wall St. hemorrhages as oil falls and China fears deepen

  15-01-2016 23:00 via news.yahoo.com
  
  Wall Street bled on Friday, with the S&P 500 sinking to its lowest level since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China. Pain was dealt widely, with the day's trading volume unusually high and more than a fifth of S&P 500 stocks touching 52-week lows. The major S&P sectors all ended sharply lower.
  
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• US stocks end sharply lower on oil, China fears

  15-01-2016 22:58 via news.yahoo.com
  
  Wall Street stocks finished decisively lower Friday following a bruising session dominated by worries about tumbling oil prices and the slowing Chinese economy.
  
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• Stock market slides again; worst two-week start to a year

  15-01-2016 22:53 via news.yahoo.com
  
  Never before has Wall Street gotten off to a worse start to a year.
  
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• Wall Street haemorrhages as oil falls and China fears deepen

  15-01-2016 22:52 via news.yahoo.com
  
  Wall Street bled on Friday, with the S&P 500 sinking to its lowest level since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China. Pain was dealt widely, with the day's trading volume unusually high and more than a fifth of S&P 500 stocks touching 52-week lows. The major S&P sectors all ended sharply lower.
  
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• Global - Oil plummets to $29 per barrel, dragging world stocks lower

  15-01-2016 22:52 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - Oil prices plummeted to $29 a barrel on Friday on the impending resumption of Iranian oil exports into an already flooded market as international sanctions against the country are lifted, dragging equity indexes around the world sharply lower. Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown, coupled with concerns about a potential credit default as lower commodity prices make payments by creditors in eme
  
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• GLOBAL MARKETS-Oil plummets to $29/bbl, dragging world stocks lower

  15-01-2016 22:50 via news.yahoo.com
  
  Oil prices plummeted to $29 a barrel on Friday on the impending resumption of Iranian oil exports into an already flooded market as international sanctions against the country are lifted, dragging equity indexes around the world sharply lower. Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown, coupled with concerns about a potential credit default as lower commodity prices make payments by creditors in emerging markets difficult. Major stock
  
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• S&P shocks with downgrade for Poland's credit rating

  15-01-2016 22:24 via news.yahoo.com
  
  By Marcin Goettig WARSAW (Reuters) - Standard and Poor's (S&P) unexpectedly cut Poland's credit rating a notch on Friday, saying the new government has weakened the independence of key institutions and the rating could fall further. The cut - the agency's first for Poland's hard currency debt - deals a major blow to the nationalist-minded government of the Law and Justice (PiS) party, which won an election in October promising more welfare and widely-shared prosperity. S&P said it cut Po
  
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• Weak U.S. data deluge points to sharply slower growth

  15-01-2016 21:20 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the fourth quarter. The growth picture was further darkened by other data on Friday showing industrial production fell in December, dragged down by cutbacks in utilities and mining output. Signs the economy has hit a soft patch - toget
  
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• The Stock Market Swoon Hasn’t Scared Off Venture Capitalists

  15-01-2016 21:17 via news.yahoo.com
  
  While the pace of investments slowed throughout the year (the $11.3 billion invested in the fourth quarter was down 32 percent from the third quarter), venture capitalists are already showing their appetite for continued investment in 2016 — despite the swooning stock market. VC backed companies have reportedly raised more than $4.8 billion this year, led by a $752 million round raised by Uber competitor Lyft, and a $192 million round for travel search site Skyscanner. “The convergen
  
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• Fed’s Williams says market turmoil hasn’t budged outlook

  15-01-2016 20:31 via news.yahoo.com
  
  The stock market's swoon does not change the economic outlook and is merely market participants trying to make sense of global developments, San Francisco Federal Reserve Bank President John Williams told reporters on Friday. "As the Fed is moving gradually through a process of normalization it's not surprising that we are not going to be at the peak stock prices" of last year, Williams said. Williams said he is open-minded at every Fed meeting, including the one taking place later this month, a
  
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• EUR/USD Monthly Tweezer Bottom; Watch this Level in FXI (China)

  15-01-2016 20:29
  
  With the world trading off of China at the moment, respect the potential for more downside before we reach the slope of hope in FXI (China ETF), which is near 27 (9% lower).
  
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• Sessa Capital to nominate 5 directors to Ashford Hospitality Prime's board

  15-01-2016 20:20
  
  Jan 15 (Reuters) - Activist investor Sessa Capital LP said it would nominate five directors for election at real estate investment trust Ashford Hospitality Prime Inc's 2016 shareholder meeting to...
  
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• UPDATE 2-Revlon's largest shareholder Perelman seeks strategic options

  15-01-2016 19:55
  
  * Shares rise as much as 11.5 pct to $28.06 (Adds background, shares)
  
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• The CAC40 Declines 4.7%

  15-01-2016 19:50
  
  The CAC40 continues to extend its losses into this week’s close, after systemic losses in equities markets.
  
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• Oil plunges below $29 on prospects of more Iranian crude, China worries

  15-01-2016 19:43 via news.yahoo.com
  
  By Devika Krishna Kumar NEW YORK (Reuters) - World oil prices slumped more than 6 percent to below $29 a barrel on Friday, as a further fall in the Chinese stock market and the prospect of an imminent rise in Iran's crude exports deepened fears of a longer supply glut. The slump was not over yet, some analysts warned, as the lifting of sanctions on Iran opens the door to a wave of new oil. The International Atomic Energy Agency (IAEA) is expected later on Friday in Vienna to issue its report on
  
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• Oil plummets to $29, dragging world stocks lower

  15-01-2016 19:43 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - Oil prices plummeted to $29 a barrel Friday on the likely resumption soon of Iranian oil exports into an already flooded market as international sanctions against Iran are lifted, dragging equity indices around the world sharply lower. Unsettled investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown, coupled with concerns about a potential credit default as lower commodity prices make payments by creditors in emerging m
  
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• Global - Oil plummets to $29, dragging world stocks lower

  15-01-2016 19:41 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - Oil prices plummeted to $29 a barrel Friday on the likely resumption soon of Iranian oil exports into an already flooded market as international sanctions against Iran are lifted, dragging equity indices around the world sharply lower. Unsettled investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown, coupled with concerns about a potential credit default as lower commodity prices make payments by creditors in emerging m
  
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• Oil falls below $30, pulling world stocks down

  15-01-2016 19:38 via news.yahoo.com
  
  Oil prices dove below $30 a barrel on Friday, dragging major equity indices around the world sharply lower, as fears of a global slowdown amid a crude supply glut roiled markets and unsettled investors who snapped up gold and other safe-haven assets. Major stock indices in Europe and on Wall Street tumbled more than 2 percent while crude prices slid on expectations Iran will increase oil exports once international sanctions are lifted, possibly within days. Yields on the benchmark 10-year U.S. T
  
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• S&P 500 drops below August lows

  15-01-2016 19:37 via news.yahoo.com
  
  (ShareCast News) - Selling on Wall Street picked just before midday in New York, with the S&P 500 at its August 2015 lows of 1,867 points - after having dipped below it - as of 17:53GMT, triggered by worries ...
  
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• GLOBAL MARKETS-Oil plummets to $29, dragging world stocks lower

  15-01-2016 19:37 via news.yahoo.com
  
  Oil prices plummeted to $29 a barrel Friday on the likely resumption soon of Iranian oil exports into an already flooded market as international sanctions against Iran are lifted, dragging equity indices around the world sharply lower. Unsettled investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown, coupled with concerns about a potential credit default as lower commodity prices make payments by creditors in emerging markets difficult. Major stock indices
  
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• Keep an Eye on China’s Securities Regulator’s Speech Tomorrow

  15-01-2016 19:34
  
  The Shanghai Composite Index ended the week with an additional 3.6% drop through Friday. Chinese media are eager to find any clues on new policy responses from a regulator’s upcoming speech.
  
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• Wall Street hammered; S&P 500 hits lowest since Oct 2014

  15-01-2016 19:23 via news.yahoo.com
  
  (Reuters) - U.S. stock indexes notched deep losses in volatile trading on Friday, with the S&P 500 hitting its lowest since October 2014 and the Dow losing more than 500 points, as oil prices dived below $30 per barrel.
  
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• Wall Street slumps; S&P hits lowest since Aug. 24

  15-01-2016 19:14 via news.yahoo.com
  
  U.S. stocks sank in volatile trading on Friday, with the S&P 500 hitting its lowest since Aug. 24 and the Dow dropping more than 400 points, as oil prices dived below $30 per barrel. The S&P 500 index showed no new 52-week highs and 115 new lows, while the Nasdaq recorded four new highs and 428 lows.
  
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• EUR/USD Threatens Range; Retail FX Remains Net-Short Ahead of ECB

  15-01-2016 19:10
  
  Despite expectations for a dovish ECB rate decision, EUR/USD threatens the near-term range ahead of the January 21 policy meeting.
  
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• Wall Street selloff, options expiration boost trading volume

  15-01-2016 18:54 via news.yahoo.com
  
  The big drop in U.S. stocks Friday unleashed a frenzy of options activity as traders raced to replace expiring hedges, making this one of the more active expiration days in recent months. Wall Street sank on Friday, with the benchmark S&P 500 hitting its lowest level since October 2014, as oil prices fell below $30 per barrel. The CBOE Volatility Index, the market's favored barometer of volatility, hit a high of 30.95, highest since September.
  
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• REFILE-UPDATE 3-Lower legal bill boosts Citi profit but core revenue weak

  15-01-2016 18:53
  
  Jan 15 (Reuters) - Citigroup Inc reported a massive jump in quarterly profit as a sharp drop in legal costs and gains from the disposal of unwanted assets masked weak revenue from its core...
  
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• Britain's FTSE slumps to lowest closing level since Nov 2012

  15-01-2016 18:30
  
  LONDON, Jan 15 (Reuters) - Britain's top share index fell to its lowest closing level in more than three years on Friday, hit by losses in commodity-related stocks as BHP Billiton suffered a major...
  
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• BlackRock reels in billions but profits miss expectations

  15-01-2016 18:22 via news.yahoo.com
  
  Investors drove $54 billion into BlackRock Inc funds during a weak and turbulent fourth quarter for financial markets, driving profits higher, but the company nonetheless missed Wall Street analysts' forecasts. BlackRock ETFs took in $60.22 billion in new money in the latest quarter, up from $44.19 billion a year earlier.
  
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• UPDATE 1-Renault shares slide further despite emissions assurances

  15-01-2016 18:11
  
  * Renault shares fall a further 3.4 percent (Changes dateline, adds details, comments, background)
  
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• UPDATE 3-FDA staff unconvinced by Sarepta's muscle wasting drug

  15-01-2016 18:08
  
  * Sarepta loses over half its market value (Adds analyst comment, details)
  
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• Shares in South Africa's Mr Price plunge after weak Christmas sales

  15-01-2016 17:59
  
  JOHANNESBURG, Jan 15 (Reuters) - Shares in South African retailer Mr Price Group tumbled nearly 18 percent on Friday, their biggest one-day drop in more than 15 years, after the company's...
  
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• Wall Street sinks with oil; Nasdaq at lowest since August

  15-01-2016 17:01 via news.yahoo.com
  
  The S&P 500 and the Dow hit their lowest since Sept. 29 amid a broad selloff. Dow components Exxon and Chevron were down 2.5-4 percent, while Caterpillar dropped nearly 3 percent. World stocks were set for a third straight week of losses amid the selloff in oil prices and concerns about a China-led slowdown in global growth.
  
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• USDCAD Technical Analysis: Makes Your Neck Hurt, Doesn’t It?

  15-01-2016 16:10
  
  USDCAD continues to push through LT upside targets shared with you in this column, here are the levels in focus now.
  
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• Wall Street sinks; Nasdaq hits lowest since Aug. 24

  15-01-2016 15:48
  By Abhiram NandakumarREUTERS – Wall Street sank on Friday morning, with the Nasdaq hitting its lowest since Aug. 24 and the Dow plunging nearly 400 points, as oil prices dived below $30 per barrel. The sell-off was broad, with all 10 major S&P sectors in the red and all 30 Dow components lower. The beaten-down energy sector’s 3.1 percent slide led the declines. Brent crude prices, which have fallen 20 percent this year, were down nearly 5 percent as the market braced for oil from
  
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• GOLD: Just How Important is this Move?

  15-01-2016 15:40
  
  Gold holds last week’s breakout level, weekly high back in focus.
  
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• Wall St plunges; Nasdaq at lowest since August

  15-01-2016 15:37 via news.yahoo.com
  
  REUTERS - A plunge in oil prices sent U.S. stocks sharply lower at the open on Friday, with the Nasdaq falling over 3 percent to its lowest since Aug. 24 and S&P 500 less than 30 points away from its August lows. The Dow Jones industrial average fell 159.22 points, or 0.97 percent, to 16,219.83. The S&P 500 lost 24.49 points, or 1.27 percent, to 1,897.35 and the Nasdaq Composite index dropped 146.07 points, or 3.17 percent, to 4,468.94. (Reporting by Tanya Agrawal; Editing by Savio D'Sou
  
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• WTI Crude Oil Price Forecast: What’s Next Now That We’ve Seen $29 Oil?

  15-01-2016 15:25
  
  Crude Oil Continues to Fall on Overproduction & China Worries, But the Break Below $30 Can Open Up a New Set of Problems.
  
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• Buy the Dip Has Become Sell the Rip: Will the Fed Back Down?

  15-01-2016 15:22
  
  Markets have displayed a clearly different tone thus far in 2016 and pressure is on around-the-world. Will the Fed back down from their four-hike expectation for this year?
  
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• Mixed US Retail Sales Keep Markets Sketpical on US Economy in 2016

  15-01-2016 15:20
  
  Retail sales growth rebounded on a year-over-year basis, but that was largely due to base effects. This wasn’t a good report.
  
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• New Year Promo 2016 announces the winner in the third stage!

  15-01-2016 15:18 via liteforex.com
  
  LiteForex's News: Dear clients,New Year Promo 2016 announces the end of the third stage of the New Year raffle. The winner is the participant with ordinal number 503, that coincided with the winning number made up of 3 last digits in EURUSD, GBPUSD and USDJPY quotes. A new APPLE MacBook Pro 15 will be awarded to Rus Wahida bte Abdul Wahab from Malaysia with the account number MT4-R-272129.LiteForex wishes the ...
  
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• Citigroup's 4Q earnings rise sharply, as legal expenses drop

  15-01-2016 15:14 via news.yahoo.com
  
  NEW YORK (AP) — Citigroup's said Friday that its profits jumped sharply in the fourth quarter, helped lower legal and regulatory costs that hammered the bank in the fourth quarter of 2014.
  
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• Indexes set for steep drop at open as crude plunges

  15-01-2016 15:07 via news.yahoo.com
  
  Wall Street were set to open sharply lower on Friday, as oil prices dived below $30 per barrel, sending fresh tremors through financial markets globally as investors fret about a prolonged economic slowdown. Brent crude prices, which have fallen 20 percent this year, were down nearly 5 percent as the market braced for oil from Iran to flood an already oversupplied market. The stock market is deeply oversold.
  
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• FDA staff unconvinced by Sarepta's muscle disorder drug

  15-01-2016 14:46
  
  Jan 15 (Reuters) - U.S. Food and Drug Administration staff said on Friday Sarepta Therapeutics Inc did not provide enough evidence to support the effectiveness of its drug to treat a rare muscle...
  
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• Industrial Production. US, 4:15 pm

  15-01-2016 14:15 via liteforex.com
  Forex analytics: Data on Industrial Production for December is due at 4:15 pm (GMT+2) in the US. The index is one of the major indicators of the state of the national economy and has a big influence on the market. A growth in the index supports the USD.
  
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• Capacity Utilization. US, 4:15 pm

  15-01-2016 14:15 via liteforex.com
  Forex analytics: Data on the Capacity Utilization for December is due at 4:15 (GMT+2) pm in the US. The index shows a percentage utilisation of the industrial capacity of the country. Represents economy growth and the level of demand. A figure around 85% is thought to be optimal as it shows a healthy balance between economic growth and inflation, while figures above 85% lead to acceleration of inflation. A growth ...
  
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• Silver: May Bounce, Price at Lower End of its Recent Range

  15-01-2016 13:57
  
  Yesterday, silver prices slid 14 cents and reached $13.75. This gives range-traders the opportunity to enter long positions with stops below the December low of $13.61.
  
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• BUZZ-AO World: on watch for another dead-cat bounce

  15-01-2016 13:55
  
  ** Shares of the online white goods retailer have edged above their 50-,100- and 200-DMAs though face a slew of strong chart resistances ahead pointing to another false breakout from life lows Chart:...
  
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• XAU/USD: pair will remain under pressure

  15-01-2016 13:47 via liteforex.com
  Forex analytics: Current trendToday the price of gold is growing amid another fall of the Asian stock markets that increased an interest in safe-haven assets, such as gold and the Yen.At the same time, the pair remains under pressure due to strengthening US Dollar. The Fed maintains its willingness to tighten monetary policy despite all the problems in the world economy. Until the end of 2018, the interest ...
  
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