Analyst news

• Oil ends up on Wall Street, but pulls back on U.S. crude builds

  01-03-2016 23:57 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil markets closed up as much as 2 percent on Tuesday, before giving back most of their gains in post-settlement trade after data suggesting a huge build in U.S. crude stockpiles already at record high levels. The American Petroleum Institute, an industry group, said domestic crude inventories rose by 9.9 million barrels last week, way above a 3.6 million barrels increase expected by analysts in a Reuters poll. Crude prices rose in eight of the last 13 ses
  
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• World stocks rally on US data, China stimulus

  01-03-2016 23:49 via news.yahoo.com
  
  Strong gains on Wall Street capped a global markets rally Tuesday rooted in improved US economic data and hopes that new central bank moves will boost the Chinese economy.
  
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• Gold Prices Capture Largest Monthly Gain in 4 Years

  01-03-2016 23:13
  Gold prices finish February with the largest monthly gain in 4 years. Sentiment and technical analysis suggest further gains after a period of consolidation.
  
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• Wall Street's big short - President Donald J. Trump

  01-03-2016 22:08 via news.yahoo.com
  
  By Gertrude Chavez-Dreyfuss and David Randall NEW YORK (Reuters) - Add the juggernaut that is Donald J. Trump to the list of what-ifs that is worrying Wall Street. A growing realization that the unpredictable New York real estate developer is in a position to win the Republican nomination and then battle Hillary Clinton for the White House in November's election has caused some investors to sell U.S. stocks. "As the market rarely feasts on lack of predictability - Trump represents a nightma
  
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• USD/CHF Rebound Stalls at 2016 Open- Bearish Invalidation 1.0072

  01-03-2016 21:31
  USDCHF is testing key resistance at the yearly open with the immediate long-bias now at risk. Here are the updated targets & invalidation levels that matter.
  
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• China Unveals Even More Policies to Stimulate Housing

  01-03-2016 21:25
  Chines local governments released additional regional rules designated to promote home sales.
  
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• WTI Crude Oil Price Forecast: Can Oil Break Through Where It Failed in 2015?

  01-03-2016 21:20
  Oil has rallied 34% off the February 11 low. Ironically, a 34% rally is roughly where WTI Crude Oil stalled in 2015.
  
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• USD/CAD Technical Analysis: Why CAD May Not Slow Down

  01-03-2016 20:15
  USD/CAD is lower for the Seventh Consecutive Week Tying for the longest CAD Run since 2009.
  
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• Oil up 2 pct on Wall Street after early slide on U.S. stockpile worry

  01-03-2016 18:27
  By Barani Krishnan NEW YORK (Reuters) – Oil prices rebounded in volatile trading on Tuesday as a Wall Street rally helped boost crude prices down initially on expectations that U.S. crude stockpiles had swelled to another record high last week. Brent, the global benchmark for crude oil, was up 32 cents at $36.89 a barrel by 11:47 a.m. EST (1647 GMT), after touching a session low at $35.95. U.S. crude was up 54 cents at $34.29 a barrel, after an intraday low at $33.37. Crude oil prices hav
  
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• Europe close: Stocks jump as S&P 500, US dollar, oil futures gain altitude

  01-03-2016 18:21
  LONDON (ShareCast) – (ShareCast News) – European stocks pushed higher on Tuesday, shrugging of some weak readings on Chinese manufacturing as stronger oil prices and deal news helped to underpin the mood.The benchmark DJ Stoxx Europe 600 index finished higher by 1.44%, Germany’s DAX was 2.34% firmer and France’s CAC 40 gained 1.22%.West Texas Intermediate crude oil futures rose 2.2% to $34.51 a barrel while Brent crude was 1.48% firmer at $37.12. The Stoxx 600 oil and gas
  
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• Oil up 2 percent on Wall Street after early slide on U.S. stockpile worry

  01-03-2016 18:04 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices rebounded in volatile trading on Tuesday as a Wall Street rally helped boost crude prices down initially on expectations that U.S. crude stockpile had swelled to another record high last week. Brent , the global benchmark for crude oil, was up 32 cents at $36.89 a barrel by 11:47 a.m. EST (1647 GMT), after touching a session low at $35.95. U.S. crude was up 54 cents at $34.29 a barrel, after an intraday low at $33.37.
  
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• Wall St surges as data points to economic recovery

  01-03-2016 17:43 via news.yahoo.com
  
  Wall Street were at session highs on Tuesday morning, led by financial and technology stocks, after strong U.S. factory and construction data suggested the economy was regaining momentum after slowing in the fourth quarter. "Things were never as bad as we thought they were and now we're realizing it," said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts. The S&P 500 was up 29.8 points, or 1.54 percent, at 1,962.03 and the Nasdaq Composite i
  
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• Wall Street surges as data points to economic recovery

  01-03-2016 17:41 via news.yahoo.com
  
  "Things were never as bad as we thought they were and now we're realizing it," said Brad McMillan, chief investment officer at Commonwealth Financial Network in Waltham, Massachusetts. The S&P 500 was up 29.8 points, or 1.54 percent, at 1,962.03 and the Nasdaq Composite index was up 85.64 points, or 1.88 percent, at 4,643.59. The S&P and the Nasdaq were on track for their best one-day percentage gain since Feb. 17.
  
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• EUR/USD – Cracks Another Big Support Zone

  01-03-2016 15:55
  EUR/USD cracks key trendline, Fibonacci convergence near 1.0850 now in focus.
  
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• Wednesday preview: ITV to report increase in 2015 earnings, analysts estimate

  01-03-2016 15:43 via news.yahoo.com
  
  (ShareCast News) - ITV reports its full year results on Wednesday with analysts' penciling in an increase in earnings off the back of a strong performance by its television production business ITV Studios....
  
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• Wall Street open higher as oil holds on to gains

  01-03-2016 15:37
  (Reuters) – U.S. stocks were higher at the open on Tuesday, starting the month in the black, as oil prices held on to gains.
  The Dow Jones industrial average <.DJI> rose 71.42 points, or 0.43 percent, to 16,587.92.
  The S&P 500 <.SPX> gained 11.63 points, or 0.6 percent, to 1,943.86 and the Nasdaq Composite index <.IXIC> added 40.64 points, or 0.89 percent, to 4,598.59. (Reporting by Tanya Agrawal; Editing by Savio D’Souza)
  Markets & ExchangesThe post Wall S
  
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• Chinese, European Banks Feeling the Squeeze on Both Ends

  01-03-2016 15:37
  Despite all of the bad press, banks play a crucial role in the successful operation of an economy. And right now, many of the biggest banks are looking vulnerable.
  
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• USD/JPY Reaches Daily Resistance

  01-03-2016 15:35
  The USD/JPY has drifted higher from support overnight to test range resistance at 1.1303.
  
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• Dow Jones (Dow 30) Pressures Channel Resistance at 16,640

  01-03-2016 15:33
  Dow Jones bounced higher and is pressuring channel resistance. A break above the channel suggests further gains towards 17,000 while rejection at the channel suggest losses towards 16,400.
  
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• Shares gain, euro sags as weak data piles pressure on ECB

  01-03-2016 15:28 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - European shares extended their strongest run of the year on Tuesday and the euro touched its lowest in almost three years against the yen, as data from around the region bolstered the case for more ECB stimulus next week. Wall Street was expected to rebound 0.6 percent when it resumes, with a deluge of data to feed the debate on whether the Federal Reserve will be able to squeeze up U.S. interest rates any further this year. The Purchasing Managers' Index (PMI) d
  
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• GLOBAL MARKETS-Shares gain, euro sags as weak data piles pressure on ECB

  01-03-2016 15:22 via news.yahoo.com
  
  European shares extended their strongest run of the year on Tuesday and the euro touched its lowest in almost three years against the yen, as data from around the region bolstered the case for more ECB stimulus next week. Wall Street was expected to rebound 0.6 percent when it resumes, with a deluge of data to feed the debate on whether the Federal Reserve will be able to squeeze up U.S (Other OTC: UBGXF - news) . Asia had risen as weak China data fanned hopes for more stimulus there, and it was
  
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• New Month, Old Concerns: ECB Easing, Fed Hiking, Brexit, Oil

  01-03-2016 13:39
  Traders have their eyes on two dates in particular this month: March 10 and March 16.
  
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• NYSE owner ICE may gatecrash Deutsche Boerse-LSE merger

  01-03-2016 13:22
  * LSE shares hit record high* ICE says not yet approached LSE
  * Deutsche Boerse(LSE: 0H3T.L – news)says continuing talks with LSE with nochange
  * CME also considering bid for LSE – Bloomberg (Releads, adds background, details)
  By Noor Zainab Hussain and Esha Vaish
  March 1 (Reuters) – New York Stock Exchange owner ICE said it may make a rival bid for London Stock Exchange(Other OTC: LDNXF – news) , raising the prospect of a takeover battle with DeutscheBoerse and lifting L
  
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• Silver Prices Trade Lower On A Strong Dollar

  01-03-2016 13:21
  Silver prices are short-term bearish below the January 25 high of $15.34 and as long as price trades below this high, it may reach Friday’s low of $14.36.
  
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• CORRECTED: Global government debt to keep rising in 2016 - S&P

  01-03-2016 11:38 via news.yahoo.com
  
  (Corrects $6.899 trln 2015 figure from $6,899 trln in final paragraph) By Marc Jones LONDON (Reuters) - The United States, China, Brazil and India are expected to keep world government debt rising this year, Standard and Poor's said on Monday, despite a small reduction in the annual global borrowing bill. The rating agency released a new report saying the stock of global government debt was expected to rise 2 percent to $42.4 trillion, with new borrowing of $6.7 trillion set to continue to outst
  
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• CORRECTED: Global government debt to keep rising in 2016 – S&P

  01-03-2016 11:38
  (Corrects $6.899 trln 2015 figure from $6,899 trln in final paragraph)By Marc Jones LONDON (Reuters) – The United States, China, Brazil and India are expected to keep world government debt rising this year, Standard and Poor’s said on Monday, despite a small reduction in the annual global borrowing bill.The rating agency released a new report saying the stock of global government debt was expected to rise 2 percent to $42.4 trillion, with new borrowing of $6.7 trillion set to continu
  
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• DAX 30: The Multi Month Trend Remains Bearish

  01-03-2016 09:07
  With the overall trend being clearly bearish since December, the path of least resistance is on the downside and a break to the 9125 low will align the short-term trend with the multi-month trend.
  
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• FTSE100 Consolidates and U.S. ISM Manufacturing May Change This

  01-03-2016 08:57
  A break to the January 29 high of 6129 may open the door for a rally to the December 12 high of 6322.
  
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• London pre-open: Stocks seen weaker on China data

  01-03-2016 08:53
  LONDON (ShareCast) – (ShareCast News) – London stocks are expected to open lower on Tuesday, taking their cue from a negative finish on Wall Street and some weak data in China.The FTSE 100 is seen starting down 50 points at 6,047.The Caixin manufacturing PMI unexpectedly dropped to 48 in February from 48.4 the previous month, according to Markit(NasdaqGS: MRKT – news) . This was the weakest reading in five months and missed analysts’ expectations for it to remain unchange
  
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• British Pound, US Dollar Seek Direction in Manufacturing Surveys

  01-03-2016 08:30
  The British Pound and US Dollar may rise if PMI and ISM manufacturing surveys spook sellers of the UK unit and help rebuild Fed interest rate hike speculation.
  
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• AUS 200 Technical Analysis: Consolidation Replaces Downturn

  01-03-2016 06:58
  AUS 200 is stuck in consolidation mode around previous support at 4918, as momentum shows sign to bounce back after last week’s slump
  
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• Oil Supported by Falling Output, Copper Slides with China PMIs

  01-03-2016 06:36
  Gold rallied and copper slid on growth concerns after China Manufacturing PMIs missed forecasts. Oil output decreased across OPEC and US
  
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• Asia markets weighed by weak China data, oil price drop

  01-03-2016 06:04 via news.yahoo.com
  
  Asian stock markets struggled to post big gains on Tuesday as oil prices fell again and weak Chinese manufacturing data deflated investors' spirits, although stimulus moves by the Chinese central bank tempered the bad news. Worries about China boosted the Japanese yen -- seen as a safe haven in times of turmoil -- which weighed on the Tokyo stock market as the stronger currency threatened exporters' profitability. On Monday, China's central bank cut the proportion of funds banks must set aside a
  
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• Australian Dollar Rallies as Neutral RBA Decreases Rate Cut Bets

  01-03-2016 05:37
  The Australian Dollar rallied against its US counterpart after the Reserve Bank of Australia left rates unchanged in March and disappointed near-term easing speculation.
  
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• More than $1 billion was transferred into Malaysia PM’s accounts – WSJ

  01-03-2016 04:56
  KUALA LUMPUR (Reuters) – Deposits into Malaysian Prime Minister Najib Razak’s bank accounts ran to hundreds of millions of dollars more than previously identified by probes into state fund 1Malaysia Development Berhad (1MDB), the Wall Street Journal reported on Monday.Citing two unnamed people familiar with flows into Najib’s accounts and a person familiar with one overseas investigation, the report said that more than $1 billion was deposited from 2011 to 2013, far more than t
  
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• More than $1 bln was transferred into Malaysia PM’s accounts-WSJ

  01-03-2016 04:44
  KUALA LUMPUR, March 1 (Reuters) – Deposits into MalaysianPrime Minister Najib Razak’s bank accounts ran to hundreds of
  millions of dollars more than previously identified by probes
  into state fund 1Malaysia Development Berhad, the Wall Street
  Journal reported on Monday. Citing two unnamed people familiar with flows into Najib’s
  accounts and a person familiar with one overseas investigation,
  the report said that more than $1 billion was deposited from
  2011 to 2013, far more than
  
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• AUD/USD Muted on Sharp China PMI Drop as RBA Looms

  01-03-2016 04:18
  Chinese manufacturing PMI had its lowest reading today since November of 2011, coming in at 49.0 in February vs 49.4 expected, signaling even stronger negative growth pressures on Australia’s export demand.
  
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• USD/JPY Quiet After Strong Employment Data

  01-03-2016 03:44
  USD/JPY today saw a muted reaction after strong unemployment data, coming in at 3.2 percent, .4 percent lower than January of 2015.
  
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• USD/JPY Calm On Capital Spending as Critical Event Risk Looms

  01-03-2016 03:01
  The Japanese Yen showed a limited response against the US Dollar after Japan’s capital spending data crossed the wires ahead of high event risk.
  
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