Analyst news

• Wall Street rallies;, S&P 500 snaps five-day losing streak

  12-02-2016 22:42 via news.yahoo.com
  
  U.S. stocks rallied on Friday, snapping a five-day losing streak in the S&P 500, as financial, commodity-related and other beaten-down shares rebounded. U.S. oil prices settled 12.3 percent higher, boosting energy shares 2.6 percent. "Europe was strong and especially the banks in Europe, and that appeared to have some positive carryover effect on sentiment towards banking and other financial stocks here in the U.S.," said John Carey, portfolio manager at Pioneer Investment Management in Bost
  
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• Wall Street rallies, snapping five-day drop

  12-02-2016 22:07 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks rallied on Friday, snapping a five-day drop in the S&P 500 as financial, commodity-related and other beaten-down shares rebounded.
  
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• Wall Street Weekahead – Late-day buying could be start of turnaround

  12-02-2016 21:31
  
  By Chuck MikolajczakNEW YORK (Reuters) – As U.S. stocks continue to struggle in 2016, equities are showing some signs selling pressure may be reaching an end.The S&P 500 <.SPX> is down about 13 percent from its record high in May, as oil remains mired below $30 a barrel, while concerns about stability among banks and uncertainty about the U.S. Federal Reserve’s path of rate hikes have pushed investors away from risk assets.But recent trading action on an intraday basis sugg
  
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• Gold heads for best week in four years on safe-haven appeal

  12-02-2016 21:23 via news.yahoo.com
  
  By Susan Fenton LONDON (Reuters) - Gold eased on Friday after soaring 4 percent the previous day, but was still set for its best week in four years, lifted by stock market turmoil that has sent investors rushing for safe haven assets. Spot gold was down 1 percent at $1,234.30 an ounce by 1423 GMT, but has still risen more than 5 percent this week, the biggest weekly gain since October 2011. The precious metal has benefited, along with bonds and the Japanese yen , from a rush to safety as investo
  
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• USD/JPY Technical Analysis: Best 2-Week Run For JPY Since 1998

  12-02-2016 21:10
  The Markets Are Effectively Calling The Bluff Of The Bank Of Japan. USD/JPY Bears Had Feared Abenomics, Now The Bulls Do.
  
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• Crude Oil Turn in the Pipeline?

  12-02-2016 21:09
  Crude oil (WTI) has declined 77.3% since the 2011 high (broad commodities top). That figure is interesting because the financial crisis decline measured 77.46%. ‘Equality’ between alternating legs in a market move is NOT uncommon.
  
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• U.S., UK likely to charge multiple banks in Libor rigging: WSJ

  12-02-2016 20:18
  WASHINGTON (Reuters) – American and British regulators are likely to charge several banks with rigging interest rates, including Citigroup, the third-largest U.S. bank, and London-based HSBC Holdings, the Wall Street Journal reported on Friday.
  The U.S. Commodity Futures Trading Commission and the U.K. Financial Conduct Authority were preparing a final round of civil charges against the banks for rate manipulation in the Libor scandal, the newspaper reported, citing people close to the in
  
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• WTI Crude Oil Price Forecast: Oil Bounces 12 % off A 12 Year Low

  12-02-2016 19:15
  WTI took a sharp tumble lower below prior support toward a $25 handle alongside the US Dollar only to bounce 12% on hopes of a producer cut.
  
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• Oil rockets from 12-year low on renewed talk of OPEC cut

  12-02-2016 19:09 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - U.S. crude prices jumped more than 10 percent on Friday after a report once again suggested OPEC might resort to a production cut to reduce the world glut, and resilient stock markets added to the risk appetite in oil. The United Arab Emigrates' energy minister said the Organization of the Petroleum Exporting Countries was willing to cooperate on an output cut, the Wall Street Journal reported after Thursday's settlement in U.S. and Brent crude futures.
  
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• SunEdison restrained from 'unusual' asset transfers

  12-02-2016 18:20
  
  Feb 12 (Reuters) - Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors of renewable...
  
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• Energy, banks lead Wall St recovery after punishing week

  12-02-2016 18:12 via news.yahoo.com
  
  Wall Street staged a comeback on Friday, led by a rebound in beaten-down financial and energy stocks after five straight days of a grueling rout on fears over the health of the global economy and the banking sector. Nine of the 10 major S&P sectors were higher, led by a 2.4 percent rise in the financial sector. Six of the top ten gainers on the S&P 500 were from the financial sector, which is down 15 percent this year.
  
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• Kansas confirms 2 more norovirus cases in Buffalo Wild Wings probe

  12-02-2016 18:09
  
  Feb 12 (Reuters) - Two more cases of norovirus have been confirmed in Kansas in a probe involving a Buffalo Wild Wings Inc restaurant, but the source could not be identified, a spokeswoman for the...
  
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• FTSE records best day in five months as commodities shares surge

  12-02-2016 18:03
  
  LONDON, Feb 12 (Reuters) - Britain's top share index ended higher on Friday, recording its best one-day percentage gain in more than five months, as banking and commodities-related stocks rebounded...
  
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• US stocks push higher as oil rebounds, banks rise

  12-02-2016 17:33
  A strong rebound in oil prices and a government report indicating that retail sales improved last month helped lift U.S. stocks sharply higher in morning trading Friday. Financial and energy companies were among the biggest gainers as the stock market looked for its first gain in a week. Investors also had their eyes on the latest batch of company earnings news.KEEPING SCORE: The Dow Jones industrial average rose 226 points, or 1.5 percent, to 15,886 as of 11:23 a.m. Eastern Time. The Standard &
  
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• The CAC40 Rallies After Yesterday’s 4.1% Decline

  12-02-2016 17:00
  The CAC40 has opened higher this morning, with French shares attempting to rebound from yesterday’s 4.1% decline.
  
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• Nasdaq to acquire news distributor Marketwired

  12-02-2016 16:14
  NEW YORK (Reuters) – Nasdaq Inc said on Friday it would acquire newswire operator and press release distributer Marketwired LP for an undisclosed sum, adding to the exchange operator’s corporate services offerings.The deal, which is subject to regulatory approval, would be funded through a mix of debt and cash and is expected to close in the first quarter of 2016, Nasdaq said. Marketwired is currently owned by the private equity arm of the Ontario Municipal Employees Retirement Syste
  
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• Energy, banks lead Wall St rebound after grueling week

  12-02-2016 16:02
  By Aastha AgnihotriREUTERS – Wall Street staged a modest comeback on Friday, led by a rebound in financial and energy stocks, after a punishing, widespread rout this week on concerns about the health of the global economy, and ahead of the long weekend. Nine of the 10 major S&P sectors were higher, led by a 2.28 percent rise in the financial sector. The sector had slumped 17.7 percent this year, excluding Friday’s gains. Banks stocks, which were the worst hit due to concerns abou
  
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• Stocks are Rebounding and Fresh Bear Flags are Forming

  12-02-2016 16:00
  Monday could be big: China re-opens after being closed all week in observance of Lunar New Year, and the US is on holiday. Be extra careful of weekend risk.
  
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• Rupee strengthens, but still above 68-mark

  12-02-2016 15:34
  Mumbai, Feb 12 (IANS) The Indian rupee halted its downward movement and marginally strengthened on Friday but closed above the 68-mark against the US dollar in the day’s trade — at a level last seen in early September, 2013.It strengthened by six paise at the close of the day’s trade at 68.23-24 to a US dollar from its previous close of 68.30 to a greenback.During the intra-day trade, the Indian rupee touched its lowest level since early September 2013 at 68.47 on spot.
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• USD/JPY - The Abenomics Test

  12-02-2016 15:00
  USD/JPY tests key psychological support, will Japanese authorities intervene?
  
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• Dollar, global stocks nudge higher as selloff subsides

  12-02-2016 14:51 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - Relative calm returned to world markets on Friday after a week that gave dollar/yen its biggest smashing since 2008, wiped billions off share prices and saw a stampede into top-rated government bonds and gold. Japan's Nikkei , which was closed for a public holiday during Thursday's global rout, fell 5.4 percent, but there was relief elsewhere as the dollar's brutal fall against the yen this week petered out and European stocks rebounded 2.5 percent. Oil prices cl
  
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• Analytical review of Boeing company shares

  12-02-2016 14:49 via liteforex.com
  Forex analytics: The Boeing Company, #BA [NYSE] Industrial goods aircrafts and spaceships, USA Financial performance of the company: Index – DJIA, S&P 500; Capitalization – 72.65 В;Income - 5.17 B; P/E - 14.58; Beta – 1.08; Return on asset - 5.30%; Average volume – 5.37 М; ATR – 4.68. Analytical review:The company ranks the fifth on capitalization in the sector of “industrial goods” ...
  
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• UPDATE 1-China's Baidu gets offer for its 80.5 pct stake in Qiyi

  12-02-2016 14:44
  
  Feb 12 (Reuters) - Chinese Internet search company Baidu Inc said it received an offer for its 80.5 percent stake in online video company Qiyi.com Inc from the chief executives of the two firms.
  
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• USDOLLAR Nears Major Technical Break; Don’t Trust the Euro

  12-02-2016 14:19
  Markets now think there is a greater chance of a rate cut than a rate hike at the March FOMC meeting.
  
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• Silver prices Trading At A Discount To Gold

  12-02-2016 13:59
  Silver prices are bullish above the February 2 low of $15.11, and I anticipate that trend following traders are likely to use a pullback to the $15.48 mark (yesterdays’ breakout level) as an opportunity to add to their bullish exposure.
  
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• EUR/GBP: short positions are advisable

  12-02-2016 13:51 via liteforex.com
  Forex analytics: On the weekly chart the price has reached important resistance level of 0.7820 (ЕМА200 and Fibonacci retracement of 50%). The last wave of decline from the highs of August 2013to the lows of 2015 at the level of 0.6900 has amounted over 1800 points. EUR/GBP has regained half of the losses. In terms of trading strategy involving Fibonacci levels, the gap of 38.2% - 50.0% is the most critical ...
  
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• EUR/GBP: close to important levels

  12-02-2016 13:48 via liteforex.com
  Forex analytics: Although the level of industrial production and GDP growth in the UK has reduced (0.4% in January, as per NIESR, which is published prior to the release of the official data on GDP), trade balance in the country has grown in December.At the same time, in Eurozone foreign trade balance has dropped, due to sharp rise in Euro in the past 2.5 months. In Germany exports in December fell by 1.6%. ...
  
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• UPDATE 3-Rolls-Royce halves dividend but shares rally on turnaround hopes

  12-02-2016 13:46
  
  * Company sticks to forecast for 2016 after 5 profit warnings
  
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• Futures higher as oil prices offer some respite

  12-02-2016 13:37 via news.yahoo.com
  
  * Oil prices, which have dictated the market's direction this year, were up nearly 5 percent after the United Arab Emirates' energy minister said OPEC was willing to talk about cutting production. * Other safe havens such as gold and treasuries have also been snapped up by investors spooked by slowing global growth and the relentless pressure of commodity prices. * Financial stocks, led by banks, dragged Wall Street lower on Thursday, on mounting concerns that interest rates would be pressured b
  
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• UPDATE 1-GN Store Nord's shares jump as profits rise in fourth quarter

  12-02-2016 13:16
  
  COPENHAGEN, Feb 12 (Reuters) - Shares in Denmark's GN Store Nord jumped as much as 15 percent on Friday after its financial results met forecasts following previous misses, legal problems and fears...
  
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• UPDATE 3-Commerzbank returns to profit, spurs European bank relief rally

  12-02-2016 13:11
  
  * Shares up 17 percent (Adds CEO quotes from press conference)
  
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• EUR/USD: the beginning of reversal?

  12-02-2016 13:05 via liteforex.com
  Forex analytics: Since the opening of the trading session today, all financial markets are undergoing correction, with the exception of the decline in the Japanese index Nikkei Stock Average by 4.8% at the Asian session and the fall in USD/JPY. Yesterday, the pair EUR/USD exceeded Fibonacci retracement level by 100 points in the wave of declinesince the lows of 2014. Today, the pair is declining amid closing of ...
  
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• AUD/USD: fall will resume

  12-02-2016 13:05 via liteforex.com
  Forex analytics: Current trendThe pair continues trading in a wide sideways channel.Fed Chair Janet Yellen testimony before the US Congress supported the pair as the probability of further interest rate increased significantly lowered upon its completion, which substantially pressured the Dollar. In addition, the USD remains under pressure amid publications of poor macroeconomic data in the US at the ...
  
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• EUR/USD: correction begins

  12-02-2016 13:02 via liteforex.com
  Forex analytics: Today the pair EUR/USD is undergoing correction. Following 2-day speech by the US Fed President, Janet Yellen concerns of the market about the state of the world economy have increased. Mrs Yellen evaded the answer about the probability of interest rate increase in the USA in March. Although Mrs Yellen’s speech can be described as neutral, investors were worried when Janet Yellen said on ...
  
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• RPT-INSIGHT-Elon Musk's vision is not for the faint of heart

  12-02-2016 13:00
  
  Feb 11 (Reuters) - Leave it to Elon Musk to make a company's stock jump nearly 5 percent a day after reporting widening losses - all in the middle of a market selloff.
  
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• DAX 30 Remains Bearish Below Wednesday’s High Of 9129

  12-02-2016 12:00
  The DAX 30 (FXCM: GER30) is bearish below Wednesday's high of 9129 and given this downtrend, traders will most likely use a correction to 9000 as an opportunity to add to their bearish exposure with stops above 9129.
  
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• The FTSE 100 Digests Its Losses

  12-02-2016 11:55
  Risk-aversion in the financial markets is abating which lifts the FTSE 100 and it seems fair to expect the FTSE 100 to digest its losses today.
  
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• Euro-Zone GDP in Line With Expectations, Greece Back in Recession

  12-02-2016 11:54
  The Euro traded sideways to slightly lower versus other majors after today’s GDP figures showed a rise in Q4, Greece slipped back into recession.
  
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• USD/СAD: Wave analysis and forecast for 12.02 – 19.02

  12-02-2016 11:29 via liteforex.com
  Forex analytics: USD/СAD:Wave analysis and forecast for 12.02 – 19.02: The pair is undergoing correction. Estimated pivot point is at the level of 1.3636. Our opinion: In the short-term: buy the pair above the level of 1.3636 with the target of 1.41 – 1.4270. In the medium-term: wait for the completion of the correction and sell with the target of 1.3280. Alternative scenario: Breakdown and consolidation ...
  
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• USD/JPY: Wave analysis and forecast for 12.02 – 19.02

  12-02-2016 11:27 via liteforex.com
  Forex analytics: USD/JPY: Wave analysis and forecast for 12.02 – 19.02: Downtrend prevails. Estimated pivot point is at the level of 115.10. Our opinion: Sell the pair from correction below the level of 115.10 with the target of 108.50. In case of breakdown and consolidation of the price above the level of 115.10, buy the pair with the target of 121.70. Alternative scenario: Breakout and consolidation of the ...
  
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• USD/CHF: Wave analysis and forecast for 12.02 – 19.02

  12-02-2016 11:25 via liteforex.com
  Forex analytics: USD/CHF: Wave analysis and forecast for 12.02– 19.02: Downtrend continues. Estimated pivot point is at the level of 0.9818. Our opinion: Sell the pair from correction below the level of 0.9818 with the target of 0.9470. Alternative scenario: Breakout and consolidation of the price above the level of 0.9818 will allow the pair to continue the rise up to the levels of 0.9980 – 1.0250. ...
  
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• GBP/USD: Wave analysis and forecast for 12.02 – 19.02

  12-02-2016 11:22 via liteforex.com
  Forex analytics: GBP/USD: Wave analysis and forecast for 12.02 – 19.02: Downtrend continues.Estimated pivot point is at the level of 1.4670. Our opinion: Sell the pair below the level of 1.4670 with the target of 1.3950. Alternative scenario: Breakout and consolidation of the price above the level of 1.4670 will enable the pair to continue the rise to the level of 1.55. Analysis: Presumably, the formation of ...
  
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• EUR/USD: Wave analysis and forecast for 12.02 – 19.02

  12-02-2016 11:19 via liteforex.com
  Forex analytics: EUR/USD:Wave analysis and forecast for 12.02 –19.02: Uptrend continues. Estimated pivot point is at the level of 1.0970. Our opinion: Buy the pair from correction above the level of 1.0970 with the target of 1.15 – 1.16. Alternative scenario: Breakout and consolidation of the price below the level of 1.0970 will allow the pair to continue decline to 1.0806. Анализ: Presumably, the ...
  
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• UPDATE 1-Thai BJC to seek $6.2 bln loan for Big C purchase; shares drop

  12-02-2016 11:07
  
  * BJC shares slide 5 pct (Adds company's and analyst's comments)
  
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• BUZZ-Berendsen: among top midcap gainers as CS hints at M&A, buyback potential

  12-02-2016 10:37
  
  ** Berendsen +4 pct in hefty vols & on track for sharpest gain in just under 2 yrs as Credit Suisse raises to "outperform" from "neutral", TP to 1250p from 1100p
  
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• Britain's FTSE lifted by bank recovery, Rolls-Royce rally

  12-02-2016 10:37
  
  LONDON, Feb 12 (Reuters) - UK shares rose on Friday as bank stocks and shares in commodities-related companies recovered following a slump in the previous session, while Rolls-Royce also jumped after...
  
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• BUZZ-BT: worst telecom performer after UBS cautions on competition

  12-02-2016 10:20
  
  ** BT Group down c.0.6 pct, bottom of Stoxx 600 telecoms index as UBS says that risks from increasing competition have been underestimated
  
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• UPDATE 1-Saipem counting the cost of going solo in low oil price world

  12-02-2016 10:13
  
  * Firm hit by low oil prices, legal claims, debt worries (Adds rights issue results, broker comment, shares)
  
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• NZD/USD Technical Analysis: Struggling at Key Trend Line

  12-02-2016 10:09
  The New Zealand Dollar continues to tread water below pivotal resistance defining the down trend against the currency’s US counterpart sinceearly July 2014.
  
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• Gold eyes best week in four years as stock market turmoil lifts haven appeal

  12-02-2016 10:07 via news.yahoo.com
  
  By A. Ananthalakshmi SINGAPORE (Reuters) - Gold on Friday clung to sharp overnight gains that pushed the metal to a one-year high, and looked set to post its best week in over four years as stock market turmoil stoked safe-haven demand. MSCI's global stock index closed more than 20 percent below its all-time high. U.S. 10-year Treasury yields hit their lowest since 2012 and the Japanese yen climbed to its highest in 15 months against the dollar, while money continued to flow into gold-backed exc
  
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