Analyst news

• S&P cuts Brazil deeper into junk territory in blow to Rousseff

  17-02-2016 23:48 via news.yahoo.com
  
  By Alonso Soto BRASILIA (Reuters) - Standard & Poor's downgraded Brazil's credit rating deeper into junk territory on Wednesday, citing its failure to curb its fiscal deficit, in a surprise blow to President Dilma Rousseff`s bid to haul the economy out of its worst recession in decades. S&P cut Brazil's sovereign credit rating to BB from BB+ with a negative outlook, just five months after becoming the first agency to strip the country of its coveted investment grade. Fitch ratings follow
  
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• Politics nothing to do with curbing big banks: Fed's Kashkari

  17-02-2016 23:03 via news.yahoo.com
  
  The newest Federal Reserve policymaker dismissed concerns that his call for radical action to rein in "too big to fail" banks was a partisan move, and instead said it highlighted the U.S. central bank's independence from politics. Minneapolis Fed President Neel Kashkari, a Republican and former Treasury official under the Bush and Obama administrations, said on Tuesday existing rules to protect taxpayers and the economy from a bank failure fall short, and he urged Congress to consider breaking u
  
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• Wall Street rallies for third session, led by energy shares

  17-02-2016 22:50 via news.yahoo.com
  
  U.S. stocks tallied their third straight session of gains on Wednesday, led by energy shares as oil prices jumped, while better-than-expected economic data helped allay growth fears. Oil prices rose 7 percent on Wednesday after Iran voiced support for a Russia-Saudi-led move to freeze production. "Oil continues to directionally trade with equities and oil prices are higher, and more important, economic data recently has been better than feared," said Jason Ware, chief investment officer at Albio
  
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• Strong Australia Employment Report to Fuel AUD/USD Rebound

  17-02-2016 22:25
  A marked rebound in Australia Employment may generate a larger rebound in AUD/USD as it dampens bets for an RBA rate-cut.
  
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• USD/MXN Falls as Bank of Mexico Sells Dollars and Hikes Rates

  17-02-2016 22:10
  In a surprise move, the Bank of Mexico raised its overnight target rate by 50bps (0.50%) to 3.75% Wednesday and announced direct FX intervention.
  
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• USD/JPY Technical Analysis: Sluggish In Bear Channel

  17-02-2016 22:00
  Many Have Been Encouraged By the Rally In Global Equities, but the lack of participation in USD/JPY shows doubt in sustainability.
  
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• AUDUSD Opening Range Break Pending Ahead of Aussie Employment Data

  17-02-2016 21:35
  Aussie has set its weekly opening range just below resistance ahead of key event risk. Here are the updated targets & invalidation levels that matter.
  
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• Retail FX Cuts USD/JPY Longs- USDOLLAR Struggles on Cautious FOMC

  17-02-2016 21:00
  The USDOLLAR continues to carve a series of higher highs & lows even though the FOMC Minutes sound more cautious this time around.
  
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• Bahrain says talking with lead managers after S&P downgrade

  17-02-2016 20:58
  (Recasts with reaction to S&P downgrade) DUBAI, Feb 17 (Reuters) – Bahrain said on Wednesday that itwas talking with the lead managers of its latest sovereign debtoffer after Standard & Poor’s downgraded its credit rating. S%P cut Bahrain to ‘BB/B’ with a stable outlook onWednesday, citing lower oil price assumptions. Late on Tuesday, Bahrain upsized and launched a $750 million, two-part bondreopening, at the tighter end of its previous guidance. “The Kingd
  
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• EUR/JPY Technical Analysis: Supported after Shredding Lower

  17-02-2016 20:55
  The Yen has seen massive volatility over the past three weeks. Has this recent bout of Yen strength run its course?
  
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• USD/CAD Technical Analysis: CAD Bull’s Day In The Sun(Levels)

  17-02-2016 20:15
  USD/CAD has dropped like a rock, and a key relationship narrowing could keep this move going.
  
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• Gold Prices: Higher-Low Sets Top-Side Trend Re-Entry

  17-02-2016 19:56
  Gold has opened the year on an absolute tear, but now that USD weakness has begun to recede, that screaming up-trend has softened a bit.
  
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• Chinese Media Reveals New Developments from Recent Policies

  17-02-2016 19:29
  The local media has interpreted recently issued policies and have found four new trends.
  
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• UPDATE 2-Regulus hep C combo drug effective in mid-stage study

  17-02-2016 19:08
  
  * Drug combination shows effective response in hep c patients
  
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• Oil and China hopes fuel stocks rally

  17-02-2016 18:33 via news.yahoo.com
  
  London (AFP) - European stock markets and Wall Street swept higher Wednesday on higher oil prices and hopes of new Chinese economic stimulus measures, dealers said.
  
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• Britain's FTSE lifted by recovery in Glencore

  17-02-2016 18:09
  
  * AstraZeneca sees new drug designated by FDA (Updates prices at close)
  
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• Strong U.S. industrial output bolsters growth picture

  17-02-2016 17:40
  (Releads with industrial production data, adds analystcomments, updates markets)* Industrial production rises 0.9 percent in January
  * Manufacturing output up 0.5 percent, utilities surge
  * Housing starts fall 3.8 percent, weather likely a factor
  * Permits slip 0.2 percent; multi-family permits up
  By Lucia Mutikani
  WASHINGTON, Feb 17 (Reuters) – U.S(Other OTC: UBGXF – news) . industrial production inJanuary rose by the most in 14 months as manufacturing andutilities output increased,
  
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• US Dollar Index – Big Test Coming Up For the Greenback

  17-02-2016 17:20
  US Dollar rebounds sharply after probing below 200-day moving average, turn windows eyed over next couple of days and late next week.
  
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• UPDATE 1-Zoomlion confirms offer for U.S crane maker Terex

  17-02-2016 16:53
  
  HONG KONG, Feb 17 (Reuters) - China's Zoomlion Heavy Industry Science and Technology Co Ltd confirmed that it had made an offer for Terex Corp that values the U.S. crane maker at about $3 billion.
  
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• UPDATE 4-RWE scraps dividend in historic move to battle power sector crisis

  17-02-2016 16:48
  
  * Shares mark biggest one-day drop in more than 18 years (Adds quote from biggest shareholder, new savings target)
  
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• T-Mobile 4Q profit triples as it continues adding customers

  17-02-2016 16:20
  NEW YORK (AP) — T-Mobile US Inc.’s fourth-quarter profit nearly tripled, topping Wall Street expectations as the company added 2.1 million customers during the periodThe Bellevue, Washington-based wireless carrier reported profit of 297 million, or 34 cents per share as revenue rose 1.1 percent to $8.25 billion.
  The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share.
  During the quarter, added 2.1 million customers, bringing
  
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• Stocks rise on steady oil, China hopes

  17-02-2016 16:19
  
  Hong Kong (AFP) – European stock markets and Wall Street kicked higher on Wednesday, aided by higher oil prices and hopes of new Chinese economic stimulus measures, dealers said.But enthusiasm was capped by uncertainty about a possible deal between major oil producers, and also about central bank policy as investors awaited the minutes of the Federal Reserve’s January meeting later Wednesday for guidance.
  Frankfurt, London and Paris were all up by more than two percent in mid-afterno
  
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• UPDATE 2-Canada's Shopify expects surging 2016 revenue after strong Q4

  17-02-2016 16:01
  
  TORONTO, Feb 17 (Reuters) - Canada's Shopify Inc , a maker of software that helps retailers manage online stores, forecast a sharp jump in 2016 revenue as the company reported a record number of new...
  
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• Air Canada stock falls 12% after it posts record earnings

  17-02-2016 15:47
  Air Canada is reporting a record adjusted net profit of $1.2 billion for 2015, but its stock plunged 12 per cent in Wednesday trading after a challenge to short-term investors from CEO Calin Rovinescu.Adjusted earnings, which remove the effects of foreign exchange, fuel hedging contracts, employee benefits and other unusual items, are a closely watched metric at Air Canada.
  The previous record, set in 2014, was $531 million.
  But since then, Air Canada has increased its traffic, improved operatin
  
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• Wall Street opens higher as oil prices hold steady

  17-02-2016 15:39
  By Abhiram NandakumarREUTERS – U.S. stock indexes were set to open higher on Wednesday, setting the stage for a third straight day of gains as oil prices rose and investors snatched up beaten-down shares. Wall Street closed with solid gains on Tuesday, with the benchmark S&P 500 index staging its best two-day gain since late August. Still, the S&P 500 has fallen 7.3 percent this year due to slumping oil prices, fears of a China-led slowdown in global growth and uncertainty about ce
  
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• The EUR/USD Consolidates Ahead of Event Risk

  17-02-2016 15:35
  The EUR/USD is ranging this morning ahead of today’s FOMC Meeting Minutes release at 1pm ET today.
  
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• UPDATE 3-RWE scraps payout in historic move to battle power sector crisis

  17-02-2016 15:16
  
  * Shares mark biggest one-day drop in more than 18 years (Recasts, adds new dividend record, background on RWE, updates shares)
  
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• Bull or Bear on the S&P, What is a Trader to Do?

  17-02-2016 15:12
  The S&P has rallied over 100 handles since setting a fresh low last Thursday. Already, many are asking if we've hit a bottom. Have we?
  
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• UPDATE 3-Credit Agricole plan to fix 'unbearable paradox' lifts shares

  17-02-2016 15:07
  
  * Overtakes rival SocGen as France's second-biggest listed bank (Writes through, adds detail, executive comment, updates shares)
  
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• UPDATE 2-LPC-Glencore to refinance short-term debt early, shares rise

  17-02-2016 15:00
  
  * Refinancing allays some concern over debt levels - analysts
  
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• MIDEAST STOCKS-Saudi rises before oil meeting, Egypt firm

  17-02-2016 14:57
  * Saudi index climbs for third straight day* Alinma Tokio rises after cutting annual net loss * GFH Financial gains after Abu Dhabi group boosts stake * Qatar’s Ezdan Holding falls on Q4 earnings * Qatar Investors Group plunges after it proposes delisting By Andrew Torchia DUBAI, Feb 17 (Reuters) – Saudi Arabia’s stock market roseon Wednesday before an oil producers’ meeting that could helpsupport crude prices, while Egypt’s bourse was aided by a firmglobal tone for
  
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• Analytical review of the shares of Intel Corporation

  17-02-2016 14:57 via liteforex.com
  Forex analytics: Intel Corporation, #INTC [NASD]Technologies, Semiconductors, USA
  Financial performance of the company:Index – DJIA, S&P 500;Beta – 1.00; Capitalization – 135.81 В;Return on asset - 12.00%; Income - 11.42 B;Average volume – 25.57 М; P/E - 12.30; ATR – 0.83.Analytical review:
  The company ranks the ninth on capitalization in the sector of ”Technologies” among the issuers trading in ...
  
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• Wall Street set for higher open as oil prices steady

  17-02-2016 14:51 via news.yahoo.com
  
  Investors will watch oil as a barometer of broader market sentiment on Wednesday, in particular how a proposal from top exporters Russia and Saudi Arabia to freeze output is greeted by Iran, which is determined to raise production. The price of Brent crude oil, a major international benchmark, was up 3.1 percent $33.19 per barrel.
  
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• UPDATE 2-Zika vaccine shows promise in mice, lifting maker Inovio

  17-02-2016 14:45
  
  * At least 15 different groups working on Zika vaccines (Adds context on other vaccine developers)
  
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• UPDATE 1-Regulus hep C combination drug effective in mid-stage study

  17-02-2016 14:38
  
  Feb 17 (Reuters) - Regulus Therapeutics Inc said interim data showed that patients tested with its hepatitis C drug combination treatment displayed sustained viral response in an ongoing mid-stage...
  
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• AUD/USD: ascending correction is ending

  17-02-2016 14:27 via liteforex.com
  Forex analytics: Current trendSince the middle of last month, the pair is in the upward correction.The pair was supported by strong macroeconomic statistics from Australia and the weakening US Dollar. Last week, the AUD was supported by strong data on Job Advertisements, Business Confidence and Consumer Confidence, while Monday’s data on New Motor Vehicle Sales for January exceeded forecasts by more than ...
  
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• UPDATE 1-Clariant CEO dampens takeover speculation, shares fall

  17-02-2016 14:03
  
  * Proposes steady dividend of 0.40 francs per share (Adds CEO comments, share decline and analyst comment)
  
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• US Dollar Desperately Needs Good Data to Offset Losses

  17-02-2016 14:00
  Rates markets are perking back up, supporting the US Dollar's recent rise.
  
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• UPDATE 1-Canada's Shopify expects 2016 revenue to jump 56-61 pct

  17-02-2016 13:58
  
  Feb 17 (Reuters) - Canada's Shopify Inc , a maker of software that helps retailers set up online stores, forecast a 56-61 percent jump in its 2016 revenue as the company adds more customers.
  
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• Regulus hep C combination drug effective in mid-stage study

  17-02-2016 13:54
  
  Feb 17 (Reuters) - Regulus Therapeutics Inc said patients tested with its hepatitis C drug combination treatment showed a sustained viral response in an ongoing mid-stage study, sending its shares up...
  
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• NKY: index Nikkei Stock Average is close to the lows of January

  17-02-2016 13:32 via liteforex.com
  Forex analytics: The price of index Nikkei Stock Average has been growing since the end of the last week, reaching the lows of January at the level of 16000. At the same time, the price slightly rebounded from the level of 16270 (Fibonacci retracement level of 23.6% towards downward correction, which started in December).If recovery in the index Nikkei continues, the price can reach the level of 16940 ...
  
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• Housing Starts. US, 3:30 pm

  17-02-2016 13:30 via liteforex.com
  Forex analytics: Data on Housing Starts for January is due in the US at 3:30 pm (GMT+2). The data measures the number of new homes under construction. A high result might strengthen the US Dollar.
  
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• Building Permits. US, 3:30 pm

  17-02-2016 13:30 via liteforex.com
  Forex analytics: Data on Building Permits for January is due in the US at 3:30 pm (GMT+2). The data measures the number of permits for construction of new homes. Construction volumes are closely related to the level of income. Thus, a growth in the indicator is seen as a sign of favorable economic conditions and might strengthen the US Dollar.
  
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• NKY: index Nikkei Stock Average is regaining from the lows of February

  17-02-2016 13:25 via liteforex.com
  Forex analytics: Following the decision of the Bank of Japan to maintain existing monetary policy, Japanese stock index Nikkei Stock Average has significantly declined. From the level of 19950 at the beginning of December, the index fell to 14790 in February losing almost 4000 points. Expansion of quantitative easing program introduced by the Bank of Japan on 29 January, as well as the negative interest rate of ...
  
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• Silver May Be Carving Out a Major ’Head & Shoulders’ Pattern

  17-02-2016 13:00
  Silver prices remain trapped between $15.11 and $15.46, and a break to this range is needed for momentum to pick up.
  
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• Britain's FTSE lifted by a recovery in Glencore

  17-02-2016 12:38
  
  * AstraZeneca sees new drug designated by FDA (Adds detail, updates prices)
  
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• RPT-UPDATE 1-LPC-Glencore to refinance short-term debt early, shares rise

  17-02-2016 12:06
  
  LONDON, Feb 17 (Reuters) - Miner and trade house Glencore Plc has raised $8.4 billion in commitments as part of an early refinancing of its short-term debt, sending its shares up more than 10 percent...
  
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• Rolls-Royce considering ValueAct's bid for a seat on the board

  17-02-2016 12:03
  
  LONDON, Feb 17 (Reuters) - British engineering company Rolls-Royce, under pressure after a series of profit warnings, is considering a bid by activist shareholder ValueAct for a seat on the board,...
  
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• DAX 30 May Reach 9478 Over The Next 72 hours

  17-02-2016 12:00
  The DAX 30 bounced from the 9078 level, which was in line with yesterday’s outlook.
  
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• EUR/USD: Mario Draghi has slightly eased investors’ concerns

  17-02-2016 11:56 via liteforex.com
  Forex analytics: On Monday Mario Draghi’s said before Euro Parliament in Brussels that ECB was ready to execute actions to support European economy; the bank was also prepared to adopt additional incentive measures. His words boosted investors’ sentiments and made them prepared to buy more risky assets.Although European economy is recovering, new problems at the beginning of this year, associated with sharp ...
  
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