Analyst news

• Global stocks rally fizzles on Wall Street

  26-02-2016 23:59 via news.yahoo.com
  
  Shares on Frankfurt's DAX led the way, closing nearly two percent higher, followed closely by Paris and London. Central bank chief Zhou Xiaochuan reassured that there were no "fundamental" grounds for a sharp downgrade of the renminbi, amid intense strong outflows from the country and speculator pressure in currency markets. "There is no basis for persistent renminbi depreciation from the perspective of fundamentals," Zhou said.
  
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• Yuan a Key Topic at Chinese Annual Conferences

  26-02-2016 23:52
  Both onshore Yuan (CNY) and offshore Yuan (CNH) rates moved little this week; both closed slightly lower against the US Dollar on Friday.
  
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• US STOCKS-Wall Street ends lower in feeble end to strong week

  26-02-2016 23:03 via news.yahoo.com
  
  Wall Street ended lower on Friday in a feeble end to another week of strong gains after concerns about the timing of future interest rate hikes offset gains in materials and energy stocks. In a break from a trend seen for much of this year, energy shares clung to gains even after a rally in crude oil prices faded, with ConocoPhillips (NYSE: COP - news) up 3.21 percent.
  
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• US STOCKS-Wall St pares gains as data raises rate hike chances

  26-02-2016 22:53 via news.yahoo.com
  
  GDP and consumer spending data raised the likelihood of the Federal Reserve hiking interest rates sooner than expected. U.S. crude prices, a major stock market driver this year, also gave up most of their early gains and were up less than 1 percent. The U.S. Federal Reserve raised rates in December and Chair Janet Yellen has hinted at a gradual increase through 2016 if data shows the economy is strong enough to withstand a move away from near-zero rates.
  
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• Dollar, yields rise, backed by U.S. data; stocks, oil fade

  26-02-2016 22:40 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - The U.S. dollar jumped on Friday and Wall Street's stock rally faded as fresh economic data kept alive Federal Reserve rate increases, while oil prices turned negative late in the session. The S&P 500 ended slightly lower but finished the week up 1.6 percent. Treasury yields also rose after data showed U.S. consumer spending rose solidly in January and underlying inflation picked up by the most in four years.
  
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• Dollar, yields rise, backed by U.S. data; Global stocks, oil fade

  26-02-2016 22:40 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - The U.S. dollar jumped on Friday and Wall Street's stock rally faded as fresh economic data kept alive Federal Reserve rate increases, while oil prices turned negative late in the session. The S&P 500 ended slightly lower but finished the week up 1.6 percent. Treasury yields also rose after data showed U.S. consumer spending rose solidly in January and underlying inflation picked up by the most in four years.
  
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• Wall St. ends lower as early gains fade

  26-02-2016 22:09 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street ended lower on Friday in a feeble end to a beefy week after concerns about the timing of future interest rate hikes offset gains in materials and energy stocks.
  
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• As earnings season wraps up, investors turn to data

  26-02-2016 21:52 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Investors hoping that U.S. stocks will build on a strong two-week run will look to a host of data next week, highlighted by the monthly jobs report, for signs the economy is improving.
  
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• Oil ends down on profit-taking but still up strongly on week

  26-02-2016 21:35 via news.yahoo.com
  
  Oil prices fell on Friday as investors cashed out big weekly profits after a rally driven by disruptions to crude supplies and Wall Street's gains from U.S. economic data. Prices turned negative soon after the release of weekly U.S. oil rig data by industry firm Baker Hughes that showed a 10th weekly drop in the rig count. "I think a good part of the selling was due to cashing out of winning positions people had established earlier in the week," said David Thompson, executive vice-president at P
  
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• Oil slides on profit-taking; U.S. crude still on to big week

  26-02-2016 21:25 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices fell on Friday as investors cashed out weekly profits after an earlier rally driven by disruptions to crude supplies and Wall Street's gains from U.S. economic data. Prices turned negative soon after the release of weekly U.S. oil rig data by industry firm Baker Hughes that showed a 10th weekly drop in the rig count, which was positive to oil but traders and investors chose to lock in profits. "I think a good part of the selling was due to cashi
  
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• Dollar rises, backed by U.S. data; Global stock, oil rallies fade

  26-02-2016 21:11
  By Lewis KrauskopfNEW YORK (Reuters) – The U.S. dollar jumped on Friday and Wall Street’s stock rally faded as fresh economic data kept alive Federal Reserve rate increases, while oil prices turned negative late in the session. Wall Street shares were little changed in afternoon trading, underperforming a 1.6-percent rise for Europe’s FTSEurofirst 300 stock index <.FTEU3>. European equities were fuelled by strength in mining shares as industrial metals such as copperand a
  
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• NZD/USD Failed Breakout at Long Term Resistance

  26-02-2016 21:10
  Friday’s (2/26) reversal at long term resistance (median line) could spell doom for NZD/USD in the coming weeks.
  
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• China Central Bank Governor: Regulators Should Also Use Fiscal Policy

  26-02-2016 20:55
  Chinese top policy markers spoke at the G-20 meetings. Below are some of the highlights:
  
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• US STOCKS-Wall St mixed as investors eye future rate hikes

  26-02-2016 20:47 via news.yahoo.com
  
  Wall Street was mixed on Friday as concerns about the timing of future interest rate hikes offset gains in materials and energy stocks. In a break from a trend seen for much of this year, energy shares ...
  
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• Brexit: A Collision of Cable, Sovereign Credit, and PM David Cameron

  26-02-2016 19:09
  The date for a Brexit referendum is set for June 23, and the volatility leading up to that date will likely have traders on edge in multiple markets.
  
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• Britain's FTSE rallies for second week, RBS plummets

  26-02-2016 18:15
  
  LONDON, Feb 26 (Reuters) - British shares rallied on Friday and posted a second week of gains in a row, boosted by a rally in publisher Pearson and London Stock Exchange Group , though Royal Bank of...
  
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• Clinton deflects calls to release Wall St. speech transcripts

  26-02-2016 17:49 via news.yahoo.com
  
  Democratic presidential candidate Hillary Clinton defended her paid speeches to Wall Street, saying in an interview that aired on Friday that they would not soften her campaign pledges for tougher regulation. The former U.S. Senator from New York and secretary of state is under pressure from rival candidate Bernie Sanders, who has made her Wall Street ties a top campaign issue and called for her to release transcripts of her remarks. Clinton was reportedly paid millions in appearance fees after
  
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• Oil up 3 percent on outages, equities rally; big week for U.S. crude

  26-02-2016 17:35 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil rallied 3 percent on Friday, with U.S. crude futures headed for its largest weekly gain in seven years, after supply disruptions in Iraq and Nigeria and higher equity prices fueled by U.S. growth data. Pipeline outages in Iraq and Nigeria have removed more than 800,000 barrels of crude oil per day from the market for at least the next two weeks. U.S. stock prices hit their highest in nearly two months after an upward revision to the country's economic
  
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• S&P downgrades StanChart ratings outlook on annual loss

  26-02-2016 17:26 via news.yahoo.com
  
  Ratings agency Standard & Poor's (S&P) downgraded its outlook for Standard Chartered on Friday in a sign of mounting pressure on the bank after it posted its first annual loss for 26 years on Tuesday. S&P said it was putting the bank's long-term credit ratings on creditwatch with negative implications, meaning it may lower the lender's ratings one notch when it has completed its review. The change in Standard Chartered's outlook came after the bank reported a substantial decline in i
  
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• Wall St gains on strong GDP data; oil eases

  26-02-2016 17:22 via news.yahoo.com
  
  Wall Street inched higher on Friday after data showed that a slowdown in U.S. economic growth was not as bad as expected, but gains were capped as oil prices came off sessions highs. Gross domestic product increased at a 1 percent annual rate instead of the previously reported 0.7 percent pace. U.S. crude prices, a major stock market driver this year, rose nearly 5 percent but pared some of those gains and were up about 2 percent at 11:11 a.m. ET.
  
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• Wall Street gains on strong GDP data; oil eases

  26-02-2016 17:18 via news.yahoo.com
  
  Gross domestic product increased at a 1 percent annual rate instead of the previously reported 0.7 percent pace. U.S. crude prices, a major stock market driver this year, rose nearly 5 percent but pared some of those gains and were up about 2 percent at 11:11 a.m. ET. "We've been low on oil for so long that stable or slightly higher oil price is viewed positively as a stabilizing effect on the economy and stock market," said Mark Spellman, portfolio manager at Alpine Funds in New York.
  
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• Alibaba in talks with several banks for up to $4 bln loan - WSJ

  26-02-2016 17:14 via news.yahoo.com
  
  REUTERS - Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with several banks to borrow up to $4 billion to fund expansion plans, including acquisitions, the Wall Street Journal reported on Friday, citing people familiar with the matter. The loan is expected to be finalized next month, one of the people told the Journal. (http://on.wsj.com/21mefBf) Alibaba declined to comment. The company has been picking up stakes and buying companies in China and abroad. ...
  
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• UPDATE 2-Cosmetics maker Revlon's sales recover; CEO to step down

  26-02-2016 17:07
  
  * Shares rise as much as 8 pct (Adds details from conference call, background, shares)
  
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• U.S. consumer spending gains steam; inflation stirring

  26-02-2016 16:57 via news.yahoo.com
  
  By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer spending rose solidly in January and underlying inflation picked up by the most in four years, keeping Federal Reserve interest rate increases on the table this year. The upbeat data on Friday added to reports on manufacturing and employment that have suggested economic growth picked up at the start of the year after slowing in the fourth quarter. The economic growth outlook was further bolstered by steady consumer sentiment in February desp
  
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• Alibaba in talks with several banks for up to $4 billion loan: WSJ

  26-02-2016 16:45 via news.yahoo.com
  
  (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with several banks to borrow up to $4 billion to fund expansion plans, including acquisitions, the Wall Street Journal reported on Friday, citing people familiar with the matter. The loan is expected to be finalized next month, one of the people told the Journal. Alibaba has also been expanding in other areas such as online video and local services as volume growth in core online shopping business slows.
  
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• Airea keeps earnings intact amid tough trading

  26-02-2016 16:44 via news.yahoo.com
  
  (ShareCast News) - Flooring specialist Airea reported tough trading in its interim results on Friday, though it did manage to keep its earnings intact.
  
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• EUR/USD Declines on GDP Data

  26-02-2016 15:50
  The EUR/USD is breaking out this morning below support after US GDP data beat expectations.
  
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• Gold Prices Shine When Central Bankers Scurry into Action

  26-02-2016 15:47
  Gold has caught a major bid over the past month and with global growth looking weak, is it likely that Central Bankers will finally back down to the 'looser for longer' pleas?
  
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• Higher Revision to Q4’15 US GDP Lifts US Dollar as Rates Markets Firm

  26-02-2016 15:40
  The second US growth reading of Q4’15 came in better than expected, and despite mixed internals, market participants are taking the data as a sign that some of the near-term pessimism regarding the US economy may be overblown.
  
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• Wall St opens higher after GDP data

  26-02-2016 15:37
  REUTERS – Wall Street was higher at the open on Friday after data showed the U.S. economy grew 1 percent in the fourth quarter, higher than the 0.7 percent reported last month. Economists polled by Reuters had expected a growth of 0.4 percent. The Dow Jones industrial average rose 43.08 points, or 0.26 percent, to 16,740.37, the S&P 500 gained 6.29 points, or 0.32 percent, to 1,957.99 and the Nasdaq Composite index added 32.48 points, or 0.71 percent, to 4,614.69.(Reporting by Tanya A
  
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• S&P downgrades Noble Group's rating further into junk, outlook negative

  26-02-2016 15:11 via news.yahoo.com
  
  Ratings agency Standard and Poor's cut Singapore-listed Noble Group's credit rating further into junk territory on Friday and described its outlook as negative. S&P said it had cut Noble's long-term corporate rating to BB- from BB+. Noble swung to a net loss of $1.67 billion in 2015, its first annual loss in nearly 20 years, battered by a $1.2 billion writedown on weak coal prices.
  
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• GRAPHIC-Brexit tremors spread to UK-exposed London stocks

  26-02-2016 15:11 via news.yahoo.com
  
  Brexit fears appear to be affecting the UK stock market for the first time this week, as Britain's more globally exposed shares outpace those that could be hit harder should the country vote to leave the European Union. Some of Britain's biggest banks are seen as most at risk from a possible Brexit in the June 23 vote, and along with retailers, construction and travel firms, they have begun to underperform the market.
  
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• NIKKEI 225 - Why Next Week Looks So Important For the Nikkei

  26-02-2016 14:35
  Timing confluence coming up in the Nikkei, downtrend to reassert itself?
  
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• UPDATE 2-Hilton to spin off real estate, timeshare businesses

  26-02-2016 13:34
  
  * Shares rise 8 pct premarket (Adds background, details, shares)
  
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• Britain's FTSE rallies on commodities rebound, RBS plummets

  26-02-2016 13:32
  
  LONDON, Feb 26 (Reuters) - British shares rallied for a second session on Friday, boosted by a rally in commodities stocks and hopes of a profit recovery in publisher Pearson , though Royal Bank of...
  
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• J.C. Penney results bright spot amid retail gloom

  26-02-2016 13:04 via news.yahoo.com
  
  Department store operator J.C. Penney Co Inc reported a higher-than-expected quarterly profit, helped by strong holiday sales and fewer discounts, sending its shares up 10 percent in premarket trading on Friday. J.C. Penney's results, which were released several hours before they were due on Friday morning, were a bright spot in a troubled retail industry. Few companies, except home improvement chains such as Home Depot Inc and Lowe's Cos Inc , have been able to beat Wall Street estimates amid a
  
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• UPDATE 2-RBS shares slump to three-year low after eighth straight yearly loss

  26-02-2016 12:22
  
  * GRAPHIC-European banking shares: http://bit.ly/20ExhTe (Adds details, background, shares)
  
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• Dismal 4Q U.S. GDP Report to Fuel EUR/USD Rebound

  26-02-2016 12:00
  A downward revision in the 4Q U.S. GDP report may fuel a larger rebound in EUR/USD as it raises the risk of seeing the FOMC further delay its normalization cycle.
  
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• EUR/USD Unfazed by Weaker Sentiment as Data Continues to Deteriorate

  26-02-2016 11:57
  The Euro was little changed versus the US Dollar after today's Economic Confidence figures fell for the second month, later data in focus
  
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• UPDATE 2-Salzgitter sees breakeven, room for optimism on steel

  26-02-2016 11:19
  
  * Shares turn positive (Recasts with optimism on prices, adds CEO and analyst quotes, shares, details on rivals)
  
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• Britain's FTSE rallies on commodities rebound, RBS tanks

  26-02-2016 10:53
  
  LONDON, Feb 26 (Reuters) - UK shares extended gains for a second session on Friday, boosted by a rally in commodities stocks and hopes of a profit recovery in publisher Pearson , though Royal Bank of...
  
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• Mauritius sees tourism earnings rising 8 pct in 2016

  26-02-2016 10:26 via news.yahoo.com
  
  Mauritius' tourism revenues are seen rising 8 percent this year, after a jump in 2015 that was driven by higher visitor numbers, the country's statistics office said on Friday. Tourism is a valuable source of foreign exchange for the Indian Ocean island, known for its luxury spas and beaches but it has found long-haul visitors from Europe harder to attract since the global financial crisis. Mauritius has since then stepped up efforts to woo Chinese tourists to make up the shortfall.
  
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• G20 Provides Mixed Messages on Steps Needed For Global Economy

  26-02-2016 10:18
  First day commentary from the G20 meeting stressed need for structural reforms, further expansionary monetary policy in question
  
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• Rally in miners help European shares to extend gains

  26-02-2016 09:20
  LONDON (Reuters) – European equities extended the previous session’s strong rally on Friday, tracking gains on Wall Street and in Asia, with stronger metals prices and some encouraging company updates supporting the market. The pan-European FTSEurofirst 300 index <.FTEU3> was up 1.3 percent in early trading after closing 2 percent higher in the previous session. The index headed for its second positive week in a row. Miners topped the leaderboard, with the STOXX Europe 600 Bas
  
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• Sime Darby rating lowered to BBB+ : S&P's

  26-02-2016 08:56 via news.yahoo.com
  
  KUALA LUMPUR: Standard & Poor's has lowered the credit ratings on Sime Darby Bhd to BBB+ from A-, with a negative outlook. The rating agency was concerned about the company's plan to reduce its debts which stood at RM16.6 billion as at end of last year. "We lowered the ratings because of uncertainties in the implementation of Sime Darby's deleveraging measures," said Standard & Poor's credit analyst Bertrand Jabouley.
  
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• Sime Darby rating lowered to BBB+ : S&P’s

  26-02-2016 08:56
  KUALA LUMPUR:Standard & Poor’s has lowered the credit ratings on Sime Darby Bhd to BBB+ from A-, with a negative outlook.The rating agency was concerned about the company’s plan to reduce its debts which stood at RM16.6 billion as at end of last year.
  “We lowered the ratings because of uncertainties in the implementation of Sime Darby’s deleveraging measures,” said Standard & Poor’s credit analyst Bertrand Jabouley.
  “These measures are key to off
  
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• Tough markets see Pearson revenue, earnings down

  26-02-2016 08:50
  LONDON (ShareCast) – (ShareCast News) – Sales at publisher Pearson (Xetra: 858266 – news) declined 2% in underlying terms during the 2015 calendar year to £4.47bn, according to its preliminary results on Friday.The company cited good growth in Pearson VUE, Connections and Wall Street English in China, but that was more than offset by declines in the US Higher Education, UK Qualifications and South Africa sectors.Pearson made an adjusted operating profit – also down
  
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• NZD/USD Technical Analysis: Prices Probe Two-Month High

  26-02-2016 08:46
  The New Zealand Dollar is attempting to renew upside momentum against its US namesake as prices broke upward to the highest level in nearly two months.
  
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• London pre-open: Stocks seen higher on positive US cues

  26-02-2016 08:41
  LONDON (ShareCast) – (ShareCast News) – London stocks are expected to open in the black on Friday, taking their cue from an upbeat session on Wall Street.The FTSE 100 is seen starting 34 points higher than Thursday’s close at 6,047.Still, CMC Markets‘ Michael Hewson said was it was “touch and go” as to whether equities will be able to finish higher for the second week in succession.
  “As we come to the end of the month, the same concerns that were draggin
  
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• EUR/GBP Technical Analysis: Topping at 14-Month Highs?

  26-02-2016 08:22
  The Euro may be carving out a top after prices put in a bearish Harami candlestick pattern after touching a 14-month high against the British Pound.
  
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