Analyst news

• UPDATE 2-Jeff Ubben's ValueAct no longer AmEx shareholder - CNBC

  22-01-2016 23:11
  
  Jan 22 (Reuters) - Activist hedge fund ValueAct Capital Management LP, managed by Jeff Ubben, is no longer a shareholder in credit card issuer American Express Co, CNBC reported, citing sources....
  
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• Oil Collapse Driven by Panic; Is CAD at a Policy Turning Point?

  22-01-2016 23:00
  ‘How low can it go?’ – That’s a question a lot of people these days are asking about the crash in oil markets.
  
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• USD/JPY Saved by the Scruff of its Neck(line)

  22-01-2016 22:57
  The USD/JPY rally materialized following a test of the neckline from a year-long head and shoulders pattern. Watch former support (lower parallel from previously bullish market and 55 week average) for resistance.
  
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• Wall Street rally stamps exclamation point on volatile week

  22-01-2016 22:28 via news.yahoo.com
  
  A 4.3-percent jump in the S&P energy sector laid the foundation for the S&P 500's strongest session so far this year. After dropping earlier this week to 2014 lows, the S&P 500 has recovered in the past two sessions to end the week 1.4-percent higher. The Dow Jones industrial average rallied 1.33 percent to finish the session at 16,093.51 points while the S&P 500 surged 2.03 percent to 1,906.9.
  
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• Investors look to Fed, earnings for direction next week

  22-01-2016 21:45 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Investors hoping equities can sustain their recent bounce next week will carefully watch the U.S. Federal Reserve's mid-week policy meeting for signs the central bank may slow the path of interest rate hikes. The S&P 500 has already fallen as much as 9 percent this year, with stocks battered by concerns over China's slowing economy, plunging oil prices and Fed Vice Chairman Stanley Fischer's comments that he expected about four rate hikes this year.
  
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• AmEx shares slump after forecast raises doubts about growth

  22-01-2016 20:38
  
  Jan 22 (Reuters) - American Express Co's shares are on track for their worst day in more than six years as the company's disappointing earnings forecast for the full year raised doubts about the...
  
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• USD/JPY Breakout in Focus Ahead of Fed, BoJ Rate Decisions

  22-01-2016 19:50
  
  The near-term breakout in USD/JPY may gather pace in the days ahead should the Fed & BoJ highlight the deviating paths for monetary policy.
  
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• Wall Street set for first weekly gain of 2016 as oil soars

  22-01-2016 19:41 via news.yahoo.com
  
  Wall Street rallied on Friday, heading towards its first positive week of 2016, as a cold snap in the United States and Europe helped send oil prices surging for a second day. European Central Bank President Mario Draghi's comments on Thursday suggesting that the bank could ease its monetary policy at its March meeting also encouraged investors bruised by a brutal selloff that began at the start of 2016. "I do think that even just to get a couple of days here with neutral, rather than downward,
  
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• Starbucks still hot on China despite muted sales

  22-01-2016 18:58
  
  Jan 22 (Reuters) - Tepid growth in Asia might have taken some steam out of Starbucks Corp's latest quarterly sales, but both the company and analysts remain upbeat about the coffee chain's prospects...
  
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• S&P raises Greece rating after bank recapitalisation, reforms

  22-01-2016 18:40 via news.yahoo.com
  
  Despite various shocks, Greece's economy had proved to be more resilient than expected, the ratings agency said on Friday. "By the end of March, we expect a compromise to be reached on pension reform that will balance the government's preference to raise social security contributions and consolidate the separate pension funds into a single system," S&P said. S&P said it expected "one more year of essentially flat growth" for the Greek economy, "followed by a more robust recovery." The ra
  
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• Britain's FTSE 100 notches up first weekly gain of 2016

  22-01-2016 18:14
  
  LONDON, Jan 22 (Reuters) - Britain's top share index recorded on Friday its first weekly gain for 2016, as a respite to the slump in the oil price lifted the shares of major energy companies.
  
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• Jeff Ubben's ValueAct no longer AmEx shareholder - CNBC

  22-01-2016 18:04
  
  Jan 22 (Reuters) - Activist hedge fund ValueAct Capital Management LP, managed by Jeff Ubben, is no longer a shareholder in American Express Co, CNBC reported, citing sources....
  
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• US stocks join global rally as energy prices jump again

  22-01-2016 17:49 via news.yahoo.com
  
  NEW YORK (AP) — Energy stocks are leading a rally on Wall Street as the price of crude oil surges.
  
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• McKay seeks to keep financial misdeeds topical in 'The Big Short'

  22-01-2016 17:44 via news.yahoo.com
  
  By Marie-Louise Gumuchian LONDON (Reuters) - As turmoil in world markets revives memories of the 2007-2009 financial crisis, "The Big Short" director Adam McKay says he wanted to tackle the misdeeds of Wall Street in an entertaining but hard-hitting way, to ensure they are not forgotten. The movie, which has earned five Oscar nominations including best film and best director, is based on the best-selling book by Michael Lewis "The Big Short: Inside the Doomsday Machine". It stars Steve Carell, C
  
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• Inflation expectations lower than at the start of ECB QE

  22-01-2016 17:39 via news.yahoo.com
  
  By Dhara Ranasinghe LONDON (Reuters) - Long-term expectations for inflation in the euro zone fell on Friday to their lowest since the start of a campaign of money printing the European Central Bank now says may expand further. ECB President Mario Draghi said on Thursday the bank's policy measures will be reviewed in March after a drop in oil prices and a slowdown in China. Short-term German bond yields fell to record lows and the stock market gained after his remarks.
  
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• Pinnacle Technology's shares plunge as full year earnings loss widens

  22-01-2016 17:35 via news.yahoo.com
  
  (ShareCast News) - Shares in Pinnacle Technology Group plunged on Friday after the company widened its full year earnings loss as revenues fell.
  
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• Wall Street rallies as cold snap fires up crude oil

  22-01-2016 17:20 via news.yahoo.com
  
  The S&P 500 and the Nasdaq rallied nearly 2 percent on Friday morning as a cold wave in the United States and Europe helped crude oil surge for a second day. All 10 major S&P sectors were in the black, led by a 4.67 percent jump in energy stocks. The Nasdaq soared more than 2 percent and was on track for its best day since Oct. 23.
  
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• USD/JPY: Just a Bounce or a Bona Fide Pain Trade?

  22-01-2016 17:15
  
  USD/JPY rebound picking up steam, latter half of next week will be critical from a timing perspective.
  
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• Bank of England’s Carney urges China to be clearer on yuan – WSJ

  22-01-2016 16:07
  LONDON (Reuters) – Bank of England Governor Mark Carney said China needed to make it clearer how it is managing its currency, the Wall Street Journal quoted him as saying on Friday after the yuan’s recent sharp swings contributed to volatility in global markets.
  “Without question the precise exchange rate policy framework that they are pursuing is not completely understood by all participants and it is in their interest to improve that over time,” Carney told the newspape
  
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• Bank of England's Carney sees no hit to banks from market rout - WSJ

  22-01-2016 15:56 via news.yahoo.com
  
  Bank of England Governor Mark Carney does not see a hit to the solidity of the global banking system from recent volatility in financial markets, the Wall Street Journal quoted him as saying. The dog that is not barking - and I wouldn't have expected it to - is that this is a material event for these institutions," Carney told the newspaper in an interview.
  
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• Wall Street opens higher as oil prices jump

  22-01-2016 15:35
  REUTERS – U.S. stocks opened higher on Friday as a cold wave across the United States and Europe helped oil prices surge for a second day. European Central Bank President Mario Draghi’s remarks on Thursday suggesting the bank could ease its monetary policy in March also encouraged investors. The Dow Jones industrial average rose 120.6 points, or 0.76 percent, to 16,003.28, the S&P 500 gained 18.76 points, or 1 percent, to 1,887.75 and the Nasdaq Composite index added 82.24 point
  
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• Nearly $8 trillion wiped off world stocks in Jan, U.S. recession chances rising – BofA-ML

  22-01-2016 15:21
  
  By Jamie McGeeverLONDON (Reuters) – World stock market losses are approaching $8 trillion so far this year and investors last week poured the most money into government bond funds in a year, suggesting they fear the global economy could tip into recession, Bank of America Merrill Lynch said on Friday. The bank’s U.S. economists also said on Friday that the likelihood of the world’s largest economy entering a recession in the coming year has risen to 20 percent from 15 percent.
  
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• ECB QE Hopes Brings Life Back to Stocks, BoJ On Deck

  22-01-2016 15:19
  
  Yesterday's ECB-fueled rally caught a strong bid in Asia as the Nikkei popped by 5.88%; but will the Bank of Japan deliver next week?
  
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• Nearly $8 trillion wiped off world stocks in January, U.S. recession chances rising: BAML

  22-01-2016 15:06 via news.yahoo.com
  
  World stock market losses are approaching $8 trillion so far this year and investors last week poured the most money into government bond funds in a year, suggesting they fear the global economy could tip into recession, Bank of America Merrill Lynch said on Friday. The bank's U.S. economists also said on Friday that the likelihood of the world's largest economy entering a recession in the coming year has risen to 20 percent from 15 percent. Reflecting the increasingly bearish sentiment engulfin
  
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• CB Leading Indicator. US, 5:00 pm

  22-01-2016 15:00 via liteforex.com
  Forex analytics: Data on the CB Leading Indicator for December is due at 5:00 pm (GMT+2) in the US. On a month-to-month basis, the index is forecasted to fall from 0.4% to -0.1%. The index is based on 10 macroeconomic indices that include initial jobless claims, building permits and average length of the working week. Positive figures can strengthen the US Dollar.
  
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• Bank of England's Carney unfazed by market and commodity volatility - WSJ

  22-01-2016 14:44 via news.yahoo.com
  
  LONDON (Reuters) - Bank of England Governor Mark Carney believes the outlook for the world economy has not changed significantly despite recent volatility in financial markets and commodity prices, the Wall Street Journal said on Friday. "It is a pretty modest world," Carney told the newspaper in an interview, pointing to estimates of 3 percent global growth this year. "Recent events are just reinforcing that. I don't think they have fundamentally changed that trajectory." (Reporting by William
  
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• GE tops 4Q earnings though industrial revenue slips

  22-01-2016 14:28 via news.yahoo.com
  
  General Electric topped Wall Street expectations for the fourth quarter and reaffirmed its target for 2016, but shares slipped before the opening bell as the company's industrial revenue declined.
  
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• US pre-open: Stocks set to ride oil bounce higher

  22-01-2016 14:20 via news.yahoo.com
  
  (ShareCast News) - Wall Street was being called to start the session moderately higher, with stocks riding a wave of lessened risk-aversion on the back of speculation of further monetary easing by the ...
  
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• The CAC40 Rebounds up 1.97%

  22-01-2016 14:00
  
  The CAC40 is beginning to retrace some of its early 2016 losses after bouncing off of long term support.
  
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• AUD/USD: in descending channel

  22-01-2016 13:53 via liteforex.com
  Forex analytics: Current trendSince the beginning of the year, the pair significantly fell amid strengthening US Dollar and poor macroeconomic statistics from Australia.At the same time, this week the pair is in the upward correction as it was supported by poor data from the US on inflation, construction sector and labour market.Today attention needs to be paid to data on the Markit Manufacturing PMI from ...
  
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• Consumer Price Index. Canada, 3:30 pm

  22-01-2016 13:30 via liteforex.com
  Forex analytics: Data on the Consumer Price Index is due in Canada at 3:30 pm (GMT+2). According to forecasts, on a year-to-year basis the index will grow from 1.4% to 1.7%. However, on a month-to-month basis it will decline from -0.1% to -0.4%. Represents a price change for the fixed basket of goods and services. A growth in the index can support the Canadian Dollar.
  
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• Bearish Key Reversal in Place in USDOLLAR - WIll it Mark the Top?

  22-01-2016 13:25
  
  Is it time to look short USD-pairs?
  
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• Real Estate vs. Stocks: Which is Better?

  22-01-2016 12:09 via news.yahoo.com
  
  You must have heard this advice, "Buy real estate, the value will always appreciate over time"� or "Invest in the stock market and create wealth for yourself"�. Research on the internet ...
  
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• NZD/USD Technical Analysis: Kiwi Jumps Most in 3 Months

  22-01-2016 12:08
  
  The New Zealand Dollar launched an impressive recovery against its US namesake after finding support near the 0.64 figure, surging to yield its largest daily gain in three months.
  
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• USD/CHF: US Dollar grows

  22-01-2016 11:58 via liteforex.com
  Forex analytics: Current trendYesterday, when ECB President Mario Draghi gave comments on future monetary policy in the eurozone, the volatility increased, in the USD/CHF pair as well. Following a growth in stock indices, the US Dollar strengthened against safe-haven assets: the Yen, gold and the Franc. The pair closed the trading day with a rise.Today, there is uncertainty in the market, and the pair is ...
  
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• Silver Prices – Contraction in volatility nearing resolution

  22-01-2016 11:57
  
  Contracting volatility in silver is on the verge of creating a potentially rewarding breakout opportunity.
  
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• FTSE 100: Close to Ending Its Downward Trend Following ECB and BoJ

  22-01-2016 11:36
  
  The current rally is a continuation of the bullish bias supported by the dovish tone at yesterday’s ECB meeting and the markets are now pricing in a 90% likelihood of a 10 bps reduction in the deposit rate by March.
  
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• S&P may cut oil countries’ ratings to reflect ‘new reality’

  22-01-2016 11:23
  By Marc JonesLONDON (Reuters) – Credit rating agency Standard & Poor’s signalled on Friday that oil-exporting countries face fresh downgrades as crude prices fall further and that it could repeat last year’s move when it made a big group of cuts all at once. The plunge in oil prices since mid-2014 has brought a blizzard of downgrades, including for Russia and Brazil, which have been stripped of investment grade, number one producer Saudi Arabia, and Venezuela, where the oil
  
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• S&P may cut oil countries' ratings to reflect 'new reality'

  22-01-2016 11:23 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - Credit rating agency Standard & Poor's signalled on Friday that oil-exporting countries face fresh downgrades as crude prices fall further and that it could repeat last year's move when it made a big group of cuts all at once. The plunge in oil prices since mid-2014 has brought a blizzard of downgrades, including for Russia and Brazil, which have been stripped of investment grade, number one producer Saudi Arabia, and Venezuela, where the oil rout has raised
  
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• BUZZ-UK miners: up on stronger copper

  22-01-2016 11:22
  
  ** Mining stocks among top risers on the FTSE, with BHP and Anglo American gaining 4 pct and 7 pct respectively
  
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• Craneware sees 10% rise in first half earnings

  22-01-2016 11:13 via news.yahoo.com
  
  (ShareCast News) - Craneware, which develops billing software for the US healthcare market, said a strong first half performance would lead to a 10% rise in earnings and 7% increase in revenues.
  
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• FTSE heads for first weekly gain of 2016

  22-01-2016 11:04
  
  LONDON, Jan 22 (Reuters) - Britain's top share index extended the previous session's rally on Friday, with a jump in commodities-related stocks on the back of stronger oil and metals prices boosting...
  
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• AUD/USD Technical Analysis: Looking to Re-Enter Short Trade

  22-01-2016 10:12
  
  The Australian Dollar short sharply higher against its US counterpart, producing the largest one-day advance in seven months and reclaiming a hold on the 0.70 figure.
  
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• Retail Sales. UK, 11:30 am

  22-01-2016 09:30 via liteforex.com
  Forex analytics: Data on Retail Sales for December is due at 11:30 am (GMT+2) in the UK. On a month-to-month basis, the index is expected to fall from 1.7% to -0.3%, and will fall from 5.0% to 4.3% on a year-to-year basis. The index represents the total value of all receipts from retail sector shops and indicates consumer spending and the level of aggregate demand. A growth in the index can strengthen the Pound. 
  
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• Brent: oil prices grew

  22-01-2016 09:21 via liteforex.com
  Forex analytics: Current trendYesterday the price of oil significantly grew amid some optimising returning on the markets.Neither could pressure the price data on oil reserves that came out yesterday in the US. In the previous week the EIA Crude Oil Stock Change increased by 3979 thousand barrels to 486.54 million barrels that was substantially more than forecasts.At the same time, current correctional ...
  
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• Sticky Canada CPI to Fuel Larger USD/CAD Correction

  22-01-2016 09:00
  
  Signs of sticky inflation in Canada may stoke a larger correction in USD/CAD as it dampens bets for a Bank of Canada (BoC) rate-cut in 2016.
  
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• ECB Stimulus Intent Leads Oil, Stock Rallies while Gold Flattens

  22-01-2016 08:44
  
  Risk rally accelerated on ECB’s promise of stimulus. Oil surged above $30 and copper held up. Gold stayed sideways before next week events
  
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• Euro Vulnerable to Deeper Losses on Draghi Comments, PMI Data

  22-01-2016 08:41
  
  The Euro may continue to push lower after dipping to a two-week low on further dovish comments from ECB President Draghi and soft PMI data.
  
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• Petronas ratings not affected by oil price revisions: S&P's

  22-01-2016 08:35 via news.yahoo.com
  
  KUALA LUMPUR: Standard & Poor's Ratings said that its recent revision of its oil price assumptions will not immediately affect the rating on Petroliam Nasional Bhd. The national oil company rated A- stable is expected to maintain its critical policy role for Malaysia, its large direct and indirect contribution to the country's budget. S&P's revised oil price assumptions have no immediate effect on our 'aa' stand-alone credit profile (SACP) for Petronas. "We expect the rise in Petronas' n
  
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• Petronas ratings not affected by oil price revisions: S&P’s

  22-01-2016 08:35
  KUALA LUMPUR: Standard & Poor’s Ratings said that its recent revision of its oil price assumptions will notimmediately affect the rating on Petroliam Nasional Bhd.
  The national oil company rated A- stable is expected to maintain its critical policy role for Malaysia, its large direct and indirect contribution to the country’s budget.
  “The ratings and the outlook on the company and its notes will continue tomirror those on the sovereign credit rating on Malaysia,” it
  
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