Analyst news

• US stocks edge mostly lower as energy prices plunge again

  01-02-2016 23:30 via news.yahoo.com
  
  NEW YORK (AP) — The stock market was able to recover from steep losses to close slightly lower on Monday as investors looked past another drop in the price of oil and renewed concerns about U.S. and Chinese economic growth. Oil and gas companies remained in the red.
  
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• S&P cuts BHP ratings, places Rio on watch negative

  01-02-2016 23:22 via news.yahoo.com
  
  Ratings agency Standard & Poor's on Tuesday lowered the credit ratings of BHP Billiton Ltd and put it on negative watch, while it placed Rio Tinto (LSE: RIO.L - news) on watch negative, both actions due to challenging market conditions for commodities. The ratings agency cut BHP's debt to A from A-plus and said a further downgrade by one notch will depend on BHP's dividend policy and capital expenditure guidance due out this month. S&P also placed rival company Rio Tinto's A-minus rating
  
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• NFL says CBS to share Thursday Night Football games with NBC

  01-02-2016 23:15 via news.yahoo.com
  
  (Reuters) - The National Football League will split the broadcast rights for its Thursday Night Football games between NBC and CBS Corp, a move that reportedly earns the League higher fees and underlines the increasing cost of content for TV networks. The NFL also said that it was in "active discussions" with potential partners for streaming rights for the games, but it did not name any specific company. The NFL will get about $450 million in total rights fees from CBS and NBC for broadcasting 1
  
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• Wall Street cuts losses to close flat; Alphabet jumps after hours

  01-02-2016 22:53 via news.yahoo.com
  
  Alphabet rose up 1.2 percent at $770.77 ahead of its results. Stocks had been lower earlier in the day as weak Chinese economic data added to concerns about a global slowdown and oil prices resumed their slide. "Maybe people were relieved that there wasn't a selloff and that kind of brought some buyers into the market," said Eric Kuby, chief investment officer, North Star Investment Management Corp in Chicago.
  
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• S&P downgrades Shell to A+/A-1; keeps door open to further downgrade

  01-02-2016 22:28 via news.yahoo.com
  
  Credit ratings agency Standard and Poors on Monday downgraded oil major Royal Dutch Shell Plc to A+/A-1 from AA-/A-1+ and put its long-term credit rating on creditwatch negative citing sliding oil prices. S&P said Shell's one-notch downgrade, driven by weaker forecasts for its credit metrics over 2016-2018 and slower profit improvements, excluded the ratings impact of its BG Group Plc acquisition. Shell had said it was prepared for a downgrade as a result of the BG deal.
  
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• Wall Street ends little changed after late rally

  01-02-2016 22:12 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks ended flat on Monday after a late-day rebound, helped by strong gains in Facebook and Alphabet . The Dow Jones industrial average fell 17.46 points, or 0.11 percent, to 16,448.84, the S&P 500 lost 0.98 points, or 0.05 percent, to 1,939.26 and the Nasdaq Composite added 6.41 points, or 0.14 percent, to 4,620.37. (Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)
  
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• Dovish Reserve Bank of Australia (RBA) to Undermine AUD/USD Rebound

  01-02-2016 22:00
  AUD/USD may struggle to retain the rebound from January should the RBA show a greater willingness to implement lower borrowing-costs.
  
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• GBP/JPY Technical Analysis: Buckle Up Before BoE

  01-02-2016 20:49
  For the past two months GBP/JPY's volatilty has been on full display. After a 2,400 pip move lower, we've seen 1,000 pips retrace in less than a month.
  
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• Oil and gas companies lead US stock market lower

  01-02-2016 19:39 via news.yahoo.com
  
  NEW YORK (AP) — Stocks were moderately lower in afternoon trading Monday as the price of oil took another tumble amid renewed concerns about the Chinese and U.S. economies.
  
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• EUR/JPY Technical Analysis: Where Weaker Just Means More Negative

  01-02-2016 19:37
  With the Bank of Japan's move to negative rates, which currency will be sold fastest?
  
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• WTI Crude Oil Price Forecast: Watching For Signs of a Lower-High

  01-02-2016 19:00
  WTI is offered in early NY trading, having retraced recent gains on fears that China’s demand will continue to drop.
  
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• Yahoo to cut 15 percent jobs, close several units - WSJ

  01-02-2016 18:51 via news.yahoo.com
  
  (Reuters) - Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include a reduction of 15 percent of the internet company's workforce and the closure of several business units, the Wall Street Journal reported. The plans are expected to be announced after Yahoo's fourth-quarter results, the Journal reported, citing people familiar with the matter. Yahoo has struggled to grow its Internet business, which includes selling search and display ads on its news and sports s
  
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• Yahoo to cut 15 pct jobs, close several units - WSJ

  01-02-2016 18:48 via news.yahoo.com
  
  Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include a reduction of 15 percent of the internet company's workforce and the closure of several business units, the Wall Street Journal reported. The plans are expected to be announced after Yahoo's fourth-quarter results, the Journal reported, citing people familiar with the matter. Yahoo has struggled to grow its Internet business, which includes selling search and display ads on its news and sports sites and ema
  
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• Wall Street lower on weak China data, fall in oil prices

  01-02-2016 18:47 via news.yahoo.com
  
  The data from China showed that the world's second-largest economy's manufacturing sector contracted in January at the fastest pace since 2012. Oil prices fell about 6 percent after the China data added to worries about demand and an OPEC source played down talk of an emergency meeting to stem the decline. Oil prices have fallen more than 70 percent since mid-2014.
  
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• Chinese Media Addresses BoJ’s Move to Negative Rates

  01-02-2016 18:45
  Chinese media published multiple articles regarding the recent move to negative rates from the Bank of Japan.
  
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• USD/CHF Technical Analysis: The Gyrating Up-Trend Continues

  01-02-2016 18:35
  We looked at the Swissy as one of the more opportunistic ways to buy USD ahead of the December Fed meeting. But with USD near highs, how should the Swissy trader react?
  
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• Webinar: Aussie Crosses at Key Inflection Points Ahead of RBA

  01-02-2016 18:19
  Setups we’re tracking as we open February trade with the AUD crosses in our sites heading into the RBA. Here are the updated targets & invalidation levels that matter.
  
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• GBP/USD Technical Analysis: Cable Boxed-In Ahead of BoE

  01-02-2016 17:52
  The Cable built-in a range last week after the rip-roaring run the pair embarked upon to start the year. With BoE on the docket for Thursday, this box is unlikely to last.
  
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• Clydesdale Bank prices London flotation, valued at 1.6 billion pound - bookrunner

  01-02-2016 16:09 via news.yahoo.com
  
  LONDON (Reuters) - Clydesdale Bank has priced its London stock market listing at 180 pence a share, a bookrunner on the deal said on Monday, valuing the British lender at 1.6 billion poun...
  
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• Aetna tops 4Q expectations, but 2016 outlook falls short

  01-02-2016 16:00
  Aetna wrapped up 2015 with a 38-percent surge in fourth quarter earnings but chased its better-than-expected performance with 2016 guidance that misses Wall Street forecasts.The nation’s third largest health insurer said Monday it expects adjusted earnings of at least $7.75 per share in the new year. Analysts had been looking for per-share earnings $8.05, according to a poll by the data firm FactSet.
  Aetna recorded adjusted earnings of $7.71 per share in 2015. The insurer said its initial,
  
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• S&P 500 – Buy the Dip or Sell the Rip?

  01-02-2016 15:55
  S&P 500 reaches crucial resistance area. Action over next few days should signal if the trend truly has changed.
  
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• Wall Street starts Feb in the red after weak Chinese data

  01-02-2016 15:47 via news.yahoo.com
  
  U.S. stocks opened lower on Monday, starting February on a dour note as weak economic data out of China exacerbated concerns about a global slowdown and oil prices resumed their downward spiral. The data from China showed that the world's second-largest economy's manufacturing sector contracted in January at the fastest pace since 2012. Oil prices fell after the China data added to worries about demand and an OPEC source played down talk of an emergency meeting to stem the decline.
  
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• Oil and gas companies lead an early decline in stocks

  01-02-2016 15:43
  
  FRANKFURT, Germany (AP) — European stocks fell Monday amid ongoing jitters over the Chinese economy following weak manufacturing data. Japanese stocks, however, extended gains following the Bank of Japan’s decision last week to introduce a negative interest rate policy to boost lending and spur growth.KEEPING SCORE: Europe got off to a weak start with Britain’s FTSE 100 down 0.4 percent to 6,059.68. France’s CAC 40 lost 0.6 percent to 4,392.95 and Germany’s DAX fell
  
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• Brent: Oil prices can renew the plunge

  01-02-2016 15:32 via liteforex.com
  Forex analytics: On the daily chart the price has broken down the upper line of the downward channel at the level of 35.50. Although, on the daily chart the indicators OsMA and Stochastic recommend long positions; on the four-hour chart the indicators give signals in favor of the sell positions. Breakdown of the support levels of 34.50 (ЕМА200 on the four-hour chart) and 33.40 (ЕМА144) will trigger the ...
  
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• Chinese PMI Falls Again, Can Japan’s Negative Rates Save the Day?

  01-02-2016 15:17
  The week has started in a tepid manner as markets balance another drop in Chinese manufacturing with the recent BoJ move to negative rates.
  
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• COT-Big Increase in Net Long Position for Crude Oil Trend Followers

  01-02-2016 15:13
  The net long position for large speculators (trend followers) in crude oil increased the most since May 2015. Large increases in the speculative net long position often give way to a period of congestion or declining prices.
  
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• AUD/USD: Tomorrow RBA will make its interest rate decision

  01-02-2016 15:01 via liteforex.com
  Forex analytics: On the four-hour chart the pair is moving in the upward channel. The price has stopped at the upper limit of the channel at the level of 0.7140. Although on the daily chart the indicators OsMA and Stochastic recommend buy positions; the indicators on the four-hour chart show that sell positions are preferable. Breakdown of the support levels of 0.7070 (ЕМА200), 0.7045 (ЕМА144) and 0.7010 ...
  
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• Stocks cautious after rocky China data, oil wobbles

  01-02-2016 14:47 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - Markets got February off to a cautious start on Monday after a rocky January, as expectations of more cheap money from some of the world's top central banks were validated by fresh signs of weak global growth. Wall Street was expected to open 0.3 to 0.4 percent lower, with all eyes on soon-to-be-released manufacturing data there and oil prices wobbling again after a rally over the last two weeks. Economists were expecting a similar picture from the U.S. "My main
  
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• AUD/USD: Tomorrow RBA will take interest rate decision

  01-02-2016 14:45 via liteforex.com
  Forex analytics: On Tuesday, 2 February at 05:30 (GMT+2), RBA will announce interest rate decision. It is unlikely that the interest rate, which is at the level of 2.0% since May, will be changed. However, the surprise from the Central bank is not excluded, as it has been done by the Bank of Japan last week. As we remember the Bank of Japan has introduced a negative interest rate on deposits. Amid the decline in ...
  
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• Global stocks cautious after rocky China data, oil wobbles

  01-02-2016 14:44 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - Markets got February off to a cautious start on Monday after a rocky January, as expectations of more cheap money from some of the world's top central banks were validated by fresh signs of weak global growth. Wall Street was expected to open 0.3 to 0.4 percent lower, with all eyes on soon-to-be-released manufacturing data there and oil prices wobbling again after a rally over the last two weeks. Economists were expecting a similar picture from the U.S. "My main
  
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• GLOBAL MARKETS-Stocks cautious after rocky China data, oil wobbles

  01-02-2016 14:43 via news.yahoo.com
  
  European stocks extended losses before the U.S (Other OTC: UBGXF - news) . Wall Street was expected to open 0.3 to 0.4 percent lower, with all eyes on soon-to-be-released manufacturing data there and oil prices wobbling again after a rally over the last two weeks.
  
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• Amendments to the Affiliate Agreement

  01-02-2016 14:39 via liteforex.com
  
  LiteForex's News: Dear clients,Please be aware that the amendments to the Affiliate Agreement will come into force on 8th February 2016.The following items have been amended: 5.7.1, 5.7.2, 5.8, 5.8.1, 5.8.2, 5.16, 5.16.1, 5.21. The following items have been deleted: 5.8.3, 5.9, 7.2, 7.2.1. To get familiar with the amended Affiliate Agreement, please use the link ...
  
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• Weekly review (economic news and pairs USD/JPY, EUR/USD and GBP/USD)

  01-02-2016 14:18 via liteforex.com
  Forex analytics: This is the first week of the month. The most important economic data of this week is as follows:Interest rate decision in Australia and comments by the ARB (Tuesday, 2 February, 05:30 (GMT+2)). This data will affect stock markets and currencies of the Pacific region (Australian and New Zealand dollars).
  The speech of Mario Draghi, the head of ECB at the meeting of the European Central bank ...
  
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• Silver Prices are Expected To Drift Higher

  01-02-2016 13:59
  Silver prices did indeed bottom out as expected on Friday and yet these gains are not strong enough to warrant a rise in the trend-defining level.
  According to gold prices, silver should be trading at $14.93 on gold remaining at or above $1123.
  
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• US Dollar Needs Strong Data to Take Advantage of Volatile Sentiment

  01-02-2016 13:38
  In a world of relativity, the US Dollar has a chance to outperform its significant counterparts.
  
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• French automaker Renault opens first China factory

  01-02-2016 12:37 via news.yahoo.com
  
  French car giant Renault opened its first car factory in China on Monday, the last major manufacturer to set up a plant in the country as it looks to tap into the world's biggest auto market. The $1.2-billion facility in Wuhan, a carmaking hub in the central province of Hubei, is a joint venture with Chinese manufacturer Dongfeng and will have an initial production capacity of 150,000 vehicles a year. China's total auto sales grew at their weakest pace in three years in 2015, as a slowing econom
  
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• DAX 30 May Soar on A Good ISM Print

  01-02-2016 12:00
  The DAX has remained muted despite the Bank of Japan (BoJ) lowering its deposit by 20bp to -10bp and the ECB also now expected to cut its deposit rate further at the next meeting.
  
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• British Pound Lower as Manufacturing PMI Report Fails to Surprise

  01-02-2016 11:19
  The British Pound traded lower versus other major currencies after January’s Markit/CIPS PMI said deflationary pressure is still strong
  
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• FTSE 100 Pullback on China PMI figures, ISM On Tap

  01-02-2016 11:14
  Mixed China PMI figures and overbought conditions trigger a pullback; my short-term fair-value-model suggests that the FTSE 100 should be trading at 6016.5.
  
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• MIDEAST STOCKS-Saudi pulls back with oil, Egypt falls

  01-02-2016 10:16
  DUBAI, Feb 1 (Reuters) – Saudi Arabia’s stock market fellearly on Monday after oil prices pulled back, while Egyptdropped again on currency jitters. The Saudi bourse surged in the past few trading days inresponse to a rebound in oil prices. But Brent crude slipped 1.7 percent in Monday’s Asian trade to below $35.50 perbarrel, and the Saudi stock index fell 0.5 percent. Petrochemicals were among the biggest losers, with SaudiBasic Industries down 1.4 percent. Construction compa
  
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• Brent: price is growing

  01-02-2016 08:35 via liteforex.com
  Forex analytics: Current trendLast week the price of Brent crude oil significantly grew and closed above the important level of $35 per barrel.According to experts, growth in the price is the result of market expectations of changes in the output structure for main exporting countries. However, at present the output keeps growing in countries such as Saudi Arabia and Iraq. In addition, after sanctions have ...
  
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• MIDEAST STOCKS-Banks boost Abu Dhabi, other Gulf markets lose steam

  01-02-2016 08:34 via news.yahoo.com
  
  DUBAI, Feb 1 (Reuters) - Two major banks boosted Abu Dhabi's stock market early on Monday after strong quarterly earnings, but other Gulf bourses lost steam after oil prices pulled back following last week's rally. Abu Dhabi's index climbed 1.7 percent in the first hour of trade as First Gulf Bank jumped 6.2 percent. Late on Sunday it reported an 11 percent profit rise to 1.72 billion dirhams ($468.4 million), well above analysts' average forecast of 1.46 billion dirhams. The stock had soared 12
  
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• BUZZ-Abu Dhabi banks FGB, ADCB surge after earnings

  01-02-2016 07:45
  ** Shares in two top Abu Dhabi banks surge after fourth-quarter earnings
  ** First Gulf Bank up 5.7 percent after 11 percent profit rise to 1.72 billion dirhams ($468.4 million); analysts’ average forecast was 1.46 billion dirhams. Stock soared 12.4 percent on Sunday in anticipation of earnings
  ** Abu Dhabi Commercial Bank up 4.5 percent after profit of 1.19 billion dirhams, at top end of forecasts of 986 million and 1.12 billion dirhams
  ** National Bank of Abu Dhabi down 2.2 percent; last
  
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• Dollar, Pound Face Uneven Volatility Risk on PMI and PCE Data

  01-02-2016 06:20
  The US Dollar and British Pound face asymmetric high volatility risk if UK PMI and US PCE data tops economists’ expectations versus the alternative.
  
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• JPN225 Technical Analysis: Await Clean Break of Resistance

  01-02-2016 06:06
  JPN 225 climbed above 17,653 resistance although a clean break is to be confirmed amid overbought momentum. Possible range trade at topside
  
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• Euro Driven by Global Sentiment Trends as BOJ Tips the Scales

  01-02-2016 05:30
  January 2016 presented a number of surprises to market participants, including threats of looser monetary policy from the European Central Bank and the People’s Bank of China, while the Bank of Japan took the extraordinary step of introducing negative rates. Throw away all your preconceived notions going forward.
  
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• Lackluster China PMIs Pressure Copper, Oil While Gold Advances

  01-02-2016 05:29
  Lackluster China PMIs and central banks’ easing bias sustained gold gains. Oil cooled as rumors on OPEC production cuts are rejected
  
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• Australian Dollar Gains After China Caixin PMI Beats Expectation

  01-02-2016 04:36
  The Australian Dollar rallied against its US namesake after the better-than-expected Caixin manufacturing PMI reading may have pushed back traders’ timing of a near-term RBA rate cut.
  
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• CDC expected to declare end to Chipotle's E.coli outbreak as soon as Monday: WSJ

  01-02-2016 03:16 via news.yahoo.com
  
  (Reuters) - The E. coli outbreak that affected dozens of Chipotle Mexican Grill customers in nine states last year is expected to be declared over as soon as Monday, the Wall Street Journal reported, citing people familiar with the government's investigation. Investigators have not been able to pinpoint the ingredient responsible for the contamination, the Journal said. Later, it spread to more states, and the last case of illness linked to Chipotle was reported over two months ago.
  
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• China Galaxy says executive asked to assist in probe

  01-02-2016 02:14 via news.yahoo.com
  
  HONG KONG, Feb 1 (Reuters) - China Galaxy Securities Co Ltd said its vice president Huo Xiaoyu was asked to helpmainland judicial authorities while the company's businessoperations remained normal. Huo was "directed to cooperate with the judicial authority"in the mainland due to personal reasons, Chairman Chen Youansaid in a statement late on Sunday. (http://bit.ly/1RUzHrH) The company gave no further details. After the stock market slump in mid-June, Beijing begancracking down on insider tradin
  
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