Analyst news

• WTI Crude Oil Price Forecast: Saudi Denies Production Cap & Price Falls

  23-02-2016 23:41
  Oil has begun the week bid as developments of IHS CERA Week In Houston gets underway, but further production cap denials could keep price soft.
  
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• Stocks end lower on Wall Street as commodities prices fall

  23-02-2016 22:50 via news.yahoo.com
  
  NEW YORK (AP) — Stocks fell broadly on Tuesday as commodity prices retreated. Crude oil sank more than 4 percent. Investors remained worried about growth in China as the country cut the value of its currency against the dollar yet again.
  
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• Wall Street stumbles as oil slumps again

  23-02-2016 22:27 via news.yahoo.com
  
  Wall Street stocks slid on Tuesday, hurt by pressure from a renewed drop in oil prices, undercutting momentum that had helped the market rebound from a sluggish start to the year. Equity markets this year have been tightly linked to the daily fluctuations of battered oil prices. "The markets are really worried that we are missing something here, that the global slowdown may be more significant than we are recognising and that slowdown could be causing oil prices to drop, and commodities prices i
  
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• US STOCKS-Wall St stumbles as oil slumps again

  23-02-2016 22:26 via news.yahoo.com
  
  Wall Street stocks slid on Tuesday, hurt by pressure from a renewed drop in oil prices, undercutting momentum that had helped the market rebound from a sluggish start to the year. The major U.S. indexes ...
  
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• Yen, Swiss franc gain as risk appetite wanes

  23-02-2016 22:23 via news.yahoo.com
  
  By Tariro Mzezewa NEW YORK (Reuters) - The yen and Swiss franc rallied against the dollar and the euro on Tuesday as a recent rebound in stocks and crude oil faded, renewing demand for both safe-haven currencies. The Japanese currency climbed to a roughly two-week peak against the dollar, while the Swiss franc rose to a roughly three-week high, as crude prices sank nearly 5 percent on the day, while Wall Street shares traded lower. Comments from Bank of Japan Governor Haruhiko Kuroda on Tuesday
  
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• US bank earnings jump 11.9 percent in 4Q; loan losses up

  23-02-2016 21:33 via news.yahoo.com
  
  WASHINGTON (AP) — The impact of plummeting oil prices has shown up in the financial picture of U.S. banks, whose losses from loans increased for the first time in five and half years, according to new government data.
  
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• EUR/AUD Into Big Support- Good Levels Overhead

  23-02-2016 21:21
  EURAUD is testing key support with the pair vulnerable for a near-term recovery while above the 200DMA. Here are the updated targets & invalidation levels that matter.
  
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• More New Policies Unleashed to Promote China’s Economy

  23-02-2016 21:00
  China published a series of new policies designed to stimulate the property market and State-Owned Enterprises (SOE).
  
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• US STOCKS-Wall St slides as oil prices hit again

  23-02-2016 20:56
  * Oil prices fall more than 4 pct
  * Saudi oil minister rules out production cut
  * JPMorgan off as it girds for more energy losses
  * Fitbit (NYSE: FIT – news) sinks after weak forecast
  * Indexes down: Dow 1 pct, S&P 1 pct, Nasdaq (NasdaqGS: NDAQ – news) 1.07 pct (Updates to late afternoon)
  By Lewis Krauskopf
  Feb 23 (Reuters) – Wall Street slid on Tuesday on pressure from a renewed drop in oil prices, snapping a rally that had helped the market rebound from its sluggish start
  
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• Viacom weighs selling minority stake in Paramount film unit

  23-02-2016 20:43
  By Jessica Toonkel and Sai Sachin R(Reuters) – Viacom Inc is considering selling a “significant” minority stake in its Paramount Pictures movie studio, Chief Executive Philippe Dauman said on Tuesday, sparking a brief rally in the media company’s shares. Viacom has been approached by several strategic investors and has retained PJT Partners as its financial adviser, Dauman said at a media conference. Dauman, who took over from 92-year-old majority-owner Sumner Redstone as
  
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• AUD/USD Pulls Back From Fresh Monthly High- Retail FX Fading?

  23-02-2016 20:30
  The retail FX crowd remains net-short AUD/USD even as the pair breaks to a fresh monthly high ahead of Australia’s Wage Price Index.
  
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• Wall Street falls more than 1 percent as crude extends losses

  23-02-2016 17:59 via news.yahoo.com
  
  Volatile oil prices have influenced the direction of stocks, pushing the S&P 500 down about 5 percent this year. Stock market rallies have been few and short-lived, with the S&P 500 and the Dow Jones industrial average having risen for three days in a row only once in the past two months. The steep fall in oil prices is starting to hurt other sectors, with banks bracing for a wave of potential defaults from energy companies.
  
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• JPMorgan gets ready for more energy losses, postpones profit goal

  23-02-2016 17:50 via news.yahoo.com
  
  The move by the biggest U.S. bank by assets was more drastic than some on Wall Street had expected, signaling more financial pain to come in an energy sector struggling after oil prices that recently hit their lowest level in more than a dozen years. JPMorgan's shares were down 3.7 percent in midday trading, the third-worst performer in the S&P financials index , which was down 1.6 percent in a broadly lower stock market. Thousands of jobs have been cut in the U.S. energy sector alone and ro
  
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• Yen, Swiss franc gain as risk rally fades

  23-02-2016 17:47 via news.yahoo.com
  
  By Tariro Mzezewa NEW YORK (Reuters) - The yen and Swiss franc rallied across the board on Tuesday as a recent rebound in stocks and crude oil faded, reviving demand for both safe-haven currencies. The Japanese currency climbed to a two-week peak against the dollar, while the Swiss franc rose to a three-week high, eliciting demand as U.S. crude futures slumped nearly five percent on the day, and Wall Street shares traded lower. Comments from Bank of Japan Governor Haruhiko Kuroda on Tuesday also
  
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• Stocks move lower on Wall Street as commodities prices fall

  23-02-2016 17:09
  NEW YORK (AP) — Stocks moved slightly lower early Tuesday, potentially ending three days of gains, as commodity prices retreated. Crude oil sank nearly 5 percent. Investors remained worried about China as the country cut the value of its currency against the dollar yet again. Investors were discouraged by a report showing that consumer confidence fell to its lowest level in seven months.
  KEEPING SCORE: The Dow Jones industrial average fell 145 points, or 0.9 percent, to 16,475 as of 11:07
  
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• Hut Group Grows Beauty Arm With Canadian Deal

  23-02-2016 16:48
  One of the UK’s fastest-growing online retailers has acquired a haircare brand sold in Boots in the latest phase of an expansion which is ultimately expected to lead to a stock market flotation. Sky News understands that The Hut Group, which counts the former Tesco (Hanover: TCO.HA – news) chief executive Sir Terry Leahy among its shareholders, has bought Grow Gorgeous from the Deciem beauty house in Canada.The deal is the latest in a string of acquisitions by The Hut Group as i
  
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• Wall Street extends losses as oil slides further

  23-02-2016 16:43
  By Abhiram Nandakumar(Reuters) – Wall Street slipped on Tuesday, in tandem with a renewed slide in oil prices, as yet another rally failed to take off in what has been a turbulent year so far for markets.
  Saudi Oil Minister Ali Al-Naimi told global energy executives on Tuesday that the kingdom had not “declared war” on rival producers, and welcomed the rise of nimble U.S. shale oil firms who will help quickly meet growing global demand.
  U.S. crude was down more than 3 percent a
  
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• Wall St extends losses as oil slides further

  23-02-2016 16:42
  By Abhiram NandakumarREUTERS – Wall Street slipped on Tuesday, in tandem with a renewed slide in oil prices, as yet another rally failed to take off in what has been a turbulent year so far for markets. Saudi Oil Minister Ali Al-Naimi told global energy executives on Tuesday that the kingdom had not “declared war” on rival producers, and welcomed the rise of nimble U.S. shale oil firms who will help quickly meet growing global demand. U.S. crude was down more than 3 percent aft
  
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• The Latest: US consumer confidence data hits Wall Street

  23-02-2016 16:34
  LONDON (AP) — The Latest on global financial markets (all times local):3:30 p.m.
  U.S. stocks are posting sizeable losses an hour into the trading session after disappointing consumer confidence figures stoked some concerns about the economic outlook in the world’s largest economy.
  The Dow Jones industrial average is down 0.6 percent at 16,518 while the broader S&P 500 index is 0.7 percent lower at 1,932. Losses across Europe are broadly comparable heading toward the close.
  Stocks
  
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• US bank earnings jump 11.9 percent in Q4; loan losses up

  23-02-2016 16:31
  WASHINGTON (AP) — U.S. bank earnings jumped 11.9 percent in the final three months of 2015 compared with the previous year on rising revenue, and legal expenses declined as some big banks wound down legal settlements that arose from the financial crisis.
  At the same time, data issued Tuesday by the Federal Deposit Insurance Corp. showed that losses from loans increased for the first time in five and a half years. The increase in loans that banks wrote off as uncollectible was especially s
  
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• EUR/USD Falls to 1.1000, Is it Time to Get Short Again?

  23-02-2016 16:09
  The Euro just ran down to another key psychological level at 1.1000, and as we near the March ECB meeting, traders are asking if it's time to sell the Euro (again).
  
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• CAC 40 Pauses Under Resistance at 4,300

  23-02-2016 16:00
  The CAC 40 is trading lower this morning, under resistance at 4,300.
  
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• Wall Street opens lower as oil rally falters

  23-02-2016 15:40
  REUTERS – U.S. stocks were lower at the open on Tuesday, struggling to sustain a rally yet again, after oil prices resumed their declines. The Dow Jones industrial average fell 47.46 points, or 0.29 percent, to 16,573.2, the S&P 500 lost 6.57 points, or 0.34 percent, to 1,938.93 and the Nasdaq Composite index dropped 21.08 points, or 0.46 percent, to 4,549.53.(Reporting by Tanya Agrawal; Editing by Saumyadeb Chakrabarty)The post Wall Street opens lower as oil rally falters appeared fi
  
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• US Dollar – Where the Rubber Meets the Road?

  23-02-2016 15:40
  US Dollar at cyclical crossroads, nearby moving averages should prove critical.
  
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• Britain's FTSE falls, although LSE soars on merger talks

  23-02-2016 15:17
  
  * BHP Billiton drops after slashing dividend (Recasts, adds details, updates prices)
  
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• UPDATE 1-LSE confirms in merger talks with Deutsche Boerse

  23-02-2016 15:11
  
  * Deutsche Boerse share 7.8 pct higher, LSE up 18 pct (Adds LSE confirmation, detail, context)
  
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• LSE Group says in merger talks with Deutsche Boerse

  23-02-2016 15:10
  
  Feb 23 (Reuters) - London Stock Exchange Group Plc said on Tuesday it was in "detailed discussions" about a potential merger with Deutsche Boerse AG.
  
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• Consumer Confidence. US, 05:00 pm

  23-02-2016 15:00 via liteforex.com
  Forex analytics: Data on the Consumer Confidence for December is due at 05:00 pm (GMT+2) in the US. The index is expected to fall from 98.1 to 97.4 points. It represents consumer confidence in current economic conditions in the country. Values above expectations can strengthen the US Dollar. 
  
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• Valeant may restate earnings after second look at Philidor

  23-02-2016 14:50
  Valeant Pharmaceuticals shares are rising Tuesday after the beleaguered drug company said it will delay the filing of its annual report with regulators while it sorts out its former relationship with the drug distributor Philidor.
  Valeant said it expects to lower reported 2014 earnings by about 10 cents per share and raise 2015 earnings by about 9 cents because about $58 million in sales to Philidor were improperly recognized. The Canadian company said the sales should have been recognized when
  
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• DAX30: in the downward channel

  23-02-2016 14:18 via liteforex.com
  Forex analytics: On the daily chart the index DAX30 has been in the downward channel since December 2015. Sharp decline in European stock indices and the rise in Euro was caused by investors’ disappointment that ECB did not introduce strict measures to expand QE program in Eurozone. The index has lost 2720 points declining from the level of 11410.0.However, the price index managed to go up above the level of ...
  
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• Deutsche Boerse, LSE in merger talks - sources

  23-02-2016 14:17
  
  FRANKFURT, Feb 23 (Reuters) - Deutsche Boerse and the London Stock Exchange are exploring a possible merger, company and financial sector sources said on Tuesday.
  
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• S&P/CaseShiller Home Price Indices. US, 04:00 pm

  23-02-2016 14:00 via liteforex.com
  Forex analytics: Data on the S&P/CaseShiller Home Price Indices for December is due at 04:00 pm (GMT+2) in the US. The index is expected to remain unchanged at 5.8% on a year-to-year basis.
  
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• DAX30: economic sentiment index fell in Germany

  23-02-2016 13:58 via liteforex.com
  Forex analytics: Significant rise in the stock indices since the beginning of this week was caused by the increase in oil prices and expectations of the market participant that the US Fed would not raise interest rate so far. However, today, the uptrend has reversed into intraday downtrend. Excess of supply of oil puts pressure on oil prices. The price goes down triggering decline in the global stock indices.At ...
  
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• Silver May Reach $14 On Higher U.S. Interest Rates

  23-02-2016 13:48
  Silver prices have managed to recuperate 61.8% of the drop from last week’s high of $15.57. This will most likely be seen as an opportunity to short-sell silver, as the trend is bearish below Friday’s high of $15.50.
  
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• Several EUR-, GBP-crosses Testing Breakout Levels

  23-02-2016 13:41
  The Canadian Dollar may stand to gain versus the European currencies.
  
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• UPDATE 3-StanChart may claw back bonuses after slumping to first loss in 26 years

  23-02-2016 13:32
  
  * Shares fall as much as 12 pct (Recasts with potential clawbacks, adds CEO comments, updates shares)
  
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• UPDATE 2-Danone eyes profit rise in volatile markets

  23-02-2016 13:17
  
  * 2016 sales seen up 3-5 pct like for like, with margin up (Adds analyst, detail, background, updates shares)
  
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• UPDATE 2-Thales shuns big mergers after US aero firms try to team up

  23-02-2016 12:56
  
  * Shares up more than 6 percent (Recasts after news conference)
  
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• Britain's FTSE hit by drops at StanChart and BHP Billiton

  23-02-2016 12:39
  
  * BHP Billiton drops after slashing dividend (Adds company news, updates prices)
  
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• XAU/USD: breakout of the level of 1210.00 is required

  23-02-2016 12:20 via liteforex.com
  Forex analytics: Since the beginning of the year the price of gold has grown by almost 20%. Today gold went up from the level of 1063.00 to the highs of the month at the level of 1263.00 recorded 2 weeks ago. The price has reached $200 per ounce. However, on the weekly chart the price rebounded from the strong resistance levels of 1255.00 (ЕМА200) and 1235.00 (ЕМА144) and continue to decline.On the weekly ...
  
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• XAU/USD: optimism is increasing in the financial markets

  23-02-2016 12:09 via liteforex.com
  Forex analytics: Yesterday’s rise in the stock indices was caused by the increasing purchases of the risky assets by investors. It became known yesterday that in February, business activity index in the manufacturing sector fell to 51.0 versus the forecast of 52.0 and the level of 52.4 in January. Market participant took it as an indication that the US Fed would not raise interest rate in March. At the same ...
  
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• Higher prices help Toll Brothers beat revenue estimates

  23-02-2016 11:56 via news.yahoo.com
  
  Toll Brothers, whose homes can cost more than $2 million, said orders rose 17.6 percent to 1,250 homes in the first quarter ended Jan. 31. "The stock market seems to be pricing in a steep decline in the economy and, along with it, our sector," Executive Chairman Robert Toll said in a statement. Toll Brothers said it now expected to sell 5,700-6,400 homes in 2016, compared with 5,600-6,600 estimated previously.
  
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• DAX 30 Trades Lower on a Soft IFO Index

  23-02-2016 11:45
  The DAX 30 (FXCM: GER30) is down by 1.11% at the time of writing. The decline is due to profit taking and also on traders adjusting their positions to this morning’s soft German IFO expectations index, which declined to 98.8 from 101.6.
  
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• SNB Chairman Jordan Speech. Switzerland, 01:15 pm

  23-02-2016 11:15 via liteforex.com
  Forex analytics: The speech by Swiss NB Chairman Tomas Jordan is due at 01:15 pm (GMT+2). He will give commentaries on current economic conditions and monetary policy. His comments can increase volatility in the Franc. 
  
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• FTSE 100 Remains Bullish

  23-02-2016 11:10
  The FTSE 100 gives back some of yesterday;s gains, yet this pullback will probably be used by trend followers to add to their bullish exposure.
  
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• BUZZ-Croda: best day in 6 months on earnings beat and special dividend

  23-02-2016 10:37 via news.yahoo.com
  
  ** Croda rises 3.9 pct to a 2-month high after a beat of earnings and dividend expectations ** FY pre-tax profits £254.7 mln v around £252 mln expected ** 100p/shr special dividend per share also better-than-expected ...
  
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• Britain's FTSE felled by drops at StanChart and BHP Billiton

  23-02-2016 09:58
  
  LONDON, Feb 23 (Reuters) - Britain's top share index fell on Tuesday as a slump in major bank Standard Chartered and miner BHP Billiton pushed back the market after gains in the previous session.
  
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• GBP/JPY: Pound under pressure

  23-02-2016 09:44 via liteforex.com
  Forex analytics: Current trendYesterday the pair continued falling.The Pound was pressured by renewed concerns about a possible UK exit from the EU. A significant part in it played Mayor of London Boris Johnson as he claimed he would be calling for a leave from the European Union.At the same time, the pair was supported by poor data from Japan. The Nikkei Manufacturing PMI in February fell from 52.3 to 50.2 ...
  
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• U.S. DOJ seeks to force Apple to extract data from dozen other iPhones - WSJ

  23-02-2016 09:26 via news.yahoo.com
  
  (Reuters) - The U.S. Justice Department is looking at court orders forcing Apple Inc to help investigators extract data from iPhones in about a dozen undisclosed cases across the country, the Wall Street Journal reported, citing sources. This move comes on the heels of the San Bernardino, California, shooting case.
  
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• Sensex heads for first fall in five sessions as oil rally falters

  23-02-2016 09:24 via news.yahoo.com
  
  India's stock markets fell on Tuesday, poised for their first drop after four sessions of gains, as investors were shaky just ahead of the Union Budget next week, and after a torrid session in Asia following weak oil prices. Asian shares retreated from a seven-week high on Tuesday as the oil price rally that boosted global equity markets reversed amid worries over supply glut. Oil prices and the stock market have moved in lockstep for much of the year as investors look at demand for energy for a
  
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