Analyst news

• FedEx rides online shopping to beat Wall Street forecasts

  16-03-2016 23:32
  DALLAS (AP) — FedEx rode the growth in online shopping to beat Wall Street expectations for the holiday season, although profit fell 19 percent because of legal bills and acquisition costs.The package delivery company said Wednesday that peak-season demand was better than expected. FedEx raised its profit forecast for its current fiscal year and its shares jumped more than 6 percent in after-hours trading.
  FedEx Corp. has prospered from online shopping by delivering packages to consumers w
  
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• Wall Street closes at 2016 high as Fed signals fewer rate hikes

  16-03-2016 22:20 via news.yahoo.com
  
  By Laila Kearney NEW YORK (Reuters) - The S&P 500 closed at its highest level of the year on Wednesday after the U.S. Federal Reserve left interest rates untouched and signalled fewer rate hikes in coming months. The Fed indicated moderate U.S. economic growth and "strong job gains" would allow it to tighten policy this year with fresh projections showing policymakers expected two quarter-point hikes by the year's end, half the number seen in December. The decision to keep rates steady was i
  
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• AUD/USD to Eye 2015 Support on Upbeat Australia Employment Report

  16-03-2016 21:50
  AUD/USD may make another run at the key former support-zone from back in 2015 should Australia’s Employment report dampen bets for an RBA rate-cut.
  
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• Euro rallies, stocks rise after dovish Fed statement

  16-03-2016 21:19
  By Rodrigo CamposNEW YORK (Reuters) – Stocks in major markets rose on Wednesday, led by Wall Street, and the U.S. dollar weakened after the Federal Reserve held interest rates steady while lowering expectations for the number of rate hikes this year.
  The U.S. central bank noted that the U.S. economy continues to face external risks, but indicated that moderate U.S. economic growth would allow it to resume tightening monetary policy this year.
  Fresh projections, however, point to two quarte
  
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• AUD/USD Post-FOMC Rally at Risk Ahead of Australian Labor Report

  16-03-2016 21:14
  AUDUSD rebounded on the back of the FOMC with the rally eyeing the weekly high ahead of key jobs data. Here are the updated targets & invalidation levels that matter.
  
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• FOMC Holds and the Dots Go Down: USD Crushed

  16-03-2016 20:04
  The Federal Reserve held rates flat at today's policy meeting, but they did make adjustments to the dot plot matrix, creating a strong move lower in the US Dollar.
  
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• Wall Street strengthens as Fed holds rates steady

  16-03-2016 20:01
  By Laila KearneyNEW YORK (Reuters) – Wall Street gained on Wednesday after the U.S. Federal Reserve left interest rates unchanged and signaled fewer rate hikes for the year. The Fed indicated moderate U.S. economic growth and “strong job gains” would allow it to tighten policy this year with fresh projections showing policymakers expected two quarter-point hikes by the year’s end, half the number seen in December. But the U.S. central bank noted the United States continue
  
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• Wall St. gains as Fed holds rates steady

  16-03-2016 19:23
  NEW YORK (Reuters) – Wall Street gained on Wednesday after the U.S. Federal Reserve’s decision to hold interest rates steady.
  The Fed indicated that moderate U.S. economic growth and “strong job gains” would allow it to resume tightening monetary policy this year. But the U.S. central bank noted that the United States continues to face risks from an uncertain global economy.
  Eight of 10 S&P sectors were positive after the Fed’s statement, with telecoms the best
  
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• DecisionTime in USD/CAD

  16-03-2016 18:20
  USD/CAD at technical crossroads, 200-day moving average remains key.
  
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• China’s Market News: Gov’t Spending Data Hints at Proactive Fiscal Policy

  16-03-2016 17:32
  China released fiscal and capital flows data; NPC meetings ended.
  
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• Americans Are Saving More Than Ever for College – and the Numbers May Surprise You

  16-03-2016 17:31 via news.yahoo.com
  
  Assets in 529 college savings plans increased by more than $5 billion in 2015 to hit a record $253.2 billion. While more Americans saved money for college, the average amount saved dipped slightly thanks to the turbulent stock market in the second half of the year. The average 529 college savings account balance fell 1.4 percent for the year, to $20,190 from $20,474, according to a new report from the College Savings Plan Network.
  
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• EUR/USD Continuation Pattern at Risk on Upbeat FOMC

  16-03-2016 16:15
  The near-term breakout in EUR/USD may largely come under pressure should the FOMC stay on course to further normalize monetary policy in 2016.
  
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• USDOLLAR Index Levels that Matter Heading into FOMC

  16-03-2016 16:07
  The dollar index is eyeing key near-term resistance ahead of today’s key rate decision. Here are the updated targets & invalidation levels that matter.
  
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• MIDEAST STOCKS-Oil rise boosts Saudi, Egypt continues post-devaluation rally

  16-03-2016 15:18
  * Zain Saudi surges on hopes for tower sale* Saudi banks underperform after Moody’s lowers outlook * Dubai Investments falls after dividend proposal * Kuwait’s Agility rises on privatisation hopes * Egypt confirms technical breakout By Andrew Torchia DUBAI, March 16 (Reuters) – Saudi Arabia’s stock market roseon Wednesday in response to a surge in oil prices but most ofthe Gulf was sluggish because of profit-taking. Egypt rallied for a third straight day after the central
  
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• U.S. Federal Reserve keeps benchmark interest rate steady

  16-03-2016 15:05 via news.yahoo.com
  
  The U.S. central bank kept its benchmark interest rate steady in a range between 0.25 and half a per cent on Wednesday, but cut its forecast for how the U.S. economy will perform in the near term. In December, the Fed decided to hike interest rates off their emergency lows, deeming at the time the economy was almost ready to stand on its own two feet. Since then, however, the stock market and other economic indicators have fallen sharply, casting doubt on the Fed's confidence.
  
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• The Fed’s Dots Will Set the Tone, Will Pandemonium Ensue?

  16-03-2016 14:35
  The last time that the Fed tried to hold rates while taking on a hawkish stance with projections didn't work out so well. Will the bank be able to better balance their communication today?
  
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• Analytical review of the stocks of E. I. du Pont de Nemours and Company

  16-03-2016 14:34 via liteforex.com
  Forex analytics: E. I. du Pont de Nemours and Company, #DD [NYSE]Raw materials, Agricultural chemicals, USA
  Financial performance of the company:Index – DJIA, S&P 500; Beta – 1.82; Capitalization – 54.77 В;Return on asset – 6.80%; Income - 1.95 B;Average volume – 5.27 М; P/E - 30.06;ATR – 1.54.Analytical review:
  Over the last two months company’s stocks have grown by 23%. It is expected that the ...
  
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• Wall Street set to open lower ahead of Fed statement

  16-03-2016 14:02
  
  By Abhiram Nandakumar(Reuters) – U.S. stock indexes were set to open slightly lower on Wednesday, as investors awaited the outcome of a Federal Reserve meeting on monetary policy. While the central bank is expected to leave interest rates unchanged, investors will keep a close eye on its commentary for clues on the path of future hikes. Financial markets have recovered from a heavy selloff in the first two months this year, but remain cautious as improving conditions could push the Fed to
  
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• Silver Prices are Flat before FOMC

  16-03-2016 13:38
  Activity is low ahead of crucial Fed rate meeting. Silver prices remain trapped between last week's low of $15.16 and this week's high of $15.83.
  
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• The CAC 40 Continues Post ECB Consolidation

  16-03-2016 13:30
  The CAC40 has failed to breakout for the 4th consecutive trading sessions.
  
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• NZD/USD: has a downward breakout taken place?

  16-03-2016 13:13 via liteforex.com
  Forex analytics: Since July 2014, the pair NZD/USD has been in the downtrend. In August 2015 the pair managed to correct from the lows of August 2015 (at the level of 0.6260) to the level of 0.6860 (Fibonacci 23.6%).From the beginning of 2016 the pair NZD/USD remains in the range of 0.6410 and 0.6860 (Fibonacci 23.6% and ЕМА50 on the weekly chart).Last week, when RBNZ suddenly lowered interest rate in New ...
  
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• Argentina’s lower house clears debt settlement package

  16-03-2016 13:11
  BUENOS AIRES (Reuters) – Argentina’s President, Mauricio Macri, won the support of the lower house of Congress for a settlement with bondholders on Wednesday, live TV images showed, leaving just a vote in the Senate between Argentina and the end of a 14-year battle with creditors. Lawmakers across the political divide voted 165 to 86 to approve the deal after a marathon 20-hour debate. Macri needs to close the festering dispute to tap global credit markets and lure back investors, a
  
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• XAU/USD: in the range prior to the US Fed meeting

  16-03-2016 13:00 via liteforex.com
  Forex analytics: Since the beginning of this week and at today’s opening session, gold is traded down in anticipation of the outcome of 2-day meeting of the US FedAt COMEX at the end of the trading day on Tuesday, April futures of gold fell by 1.1% to 1231 USD per ounce. Spot-price fell to 1233.00.Today at 20:00 (GMT+2) the US Fed will announce interest rate decision and at 20:30 a press-conference will ...
  
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• US pre-open: Wall Street poised for flat open ahead of Fed announcement

  16-03-2016 12:53
  LONDON (ShareCast) – (ShareCast News) – US futures pointed to a steady open on Wall Street as investors looked ahead to the Federal Reserve’s latest policy announcement.At 1145 GMT, Dow Jones Industrial Average, S&P 500 and Nasdaq (NasdaqGS: NDAQ – news) futures were all flat.At the same time, oil prices were in the black, supported by data from the US Energy Information Administration on Tuesday showing crude stockpiles rose 1.5m barrels last week, which was much les
  
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• USD Coiling Before FOMC Holds, Hints at Hike Around June

  16-03-2016 12:40
  All of the sudden, markets are reconsidering their more optimistic views from the past month. Too many instruments are moving in tandem to ignore the short-term development.
  
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• GBP/USD Unfazed by Solid Job Figures, Market Focus on Later Events

  16-03-2016 11:15
  The British Pound was little changed versus the US Dollar after today's employment figures showed wages edged higher, Osborne and the Fed at focus.
  
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• XAU/USD: under pressure in anticipation of the US Fed decision

  16-03-2016 11:07 via liteforex.com
  Forex analytics: Since the beginning of this week the price of gold has declined, as investors close long positions in anticipation of tomorrow’s meeting of the US Fed.Today, gold is traded in the narrow range and the volume of the trades is minimal.On the weekly chart the pair XAU/USD fell below support level of 1238.00 (ЕМА144). The indicators OsMA and Stochastic are reversing towards the short ...
  
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• DAX 30 Maintains a Bullish Drift Ahead of Today’s Fed Meeting

  16-03-2016 09:27
  The overall trend remains bullish above the ECB rate meeting low of 9397.
  
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• European stocks propped up as shares in oil firms rise

  16-03-2016 09:17 via news.yahoo.com
  
  European stocks rose slightly on Wednesday, as a rise in the shares of energy companies propped up the region's markets. Shares in oil companies such as BP and Total advanced as oil prices climbed. Shares in Deutsche Boerse and London Stock Exchange also rose after the two stock market operators announced merger terms.
  
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• FTSE 100: Trades Sideways Ahead of Today’s Fed Meeting

  16-03-2016 09:11
  Trading in the FTSE 100 (FXCM: UK100) has been muted since last week’s ECB rate meeting and price is trapped between the ECB rate meeting low of 6002 and the March 4 high of 6221.
  
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• Optician GrandVision quarterly earnings miss expectations

  16-03-2016 08:06 via news.yahoo.com
  
  AMSTERDAM (Reuters) - GrandVision , the world's biggest operator of eyeglasses stores, on Wednesday posted lower-than-expected fourth-quarter core earnings, hurt by acquisition-related costs. The company reported adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of 111 million euros ($123 million), up from 106 million euros in the same period a year earlier, on revenue of 786 million euros. Analysts polled by Reuters had seen EBITDA at 120 million euros on revenue
  
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• Gold Price Flat before Fed, Oil Price Rises on Lower Stockpile

  16-03-2016 07:31
  Gold price traded flat before Federal Reserve meeting outcome. Oil price rose after a lower-than-expected inventory data by API
  
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• US Dollar Aims Higher on Upbeat Fed, Pound to Overlook UK Budget

  16-03-2016 07:25
  The US Dollar may rise as a hawkish Federal Reserve lays the groundwork for rate hikes while the British Pound is likely to overlook an austerity-focused UK budget.
  
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• MIDEAST STOCKS-Egypt may consolidate after gains; Gulf may be soft

  16-03-2016 06:51
  DUBAI, March 16 (Reuters) – Egypt’s stock market mayconsolidate on Wednesday after two sessions of big gainsfollowing the devaluation of the currency, while Gulf marketsmay remain soft after profit-taking from the region’s rallystarted in the past few days. The Egyptian index has climbed 9 percent in thepast two days on hopes that the devaluation will draw capitalback to the country. But while the real estate and export sectors continued tofare well on Tuesday, some blue chips
  
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• China Confident Despite Risks, Says Premier Li as NPC Ends

  16-03-2016 06:47
  China is confident it has the measures to mitigate systemic risks as headwinds persist amid a weak global recovery, according to Premier Li Keqiang.
  
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• GBP/USD to Face Larger Rebound on Upbeat U.K. Job/Wage Report

  16-03-2016 05:00
  A further improvement in the U.K. labor market paired with signs of stronger wage growth may spur a bullish reaction in GBP/USD as it boosts interest-rate expectations.
  
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• BOJ’s Kuroda denies offering more exemptions from negative rates

  16-03-2016 03:47
  TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Wednesday he does not see room to make any other exemptions from the bank’s negative interest rate policy besides money reserve funds (MRFs). He also said the BOJ will not be tied to examples of European central banks that have negative rates in place, in deciding how much it will cut interest rates in the future. “Looking at examples in Europe, theoretically there is plenty of room (to cut rates). But we won&rsq
  
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• Caesars examiner report finds up to $5 billion in potential damages

  16-03-2016 03:12 via news.yahoo.com
  
  CHICAGO (Reuters) - Caesars Entertainment Corp removed assets from its casino operating unit to the detriment of the unit and its creditors, a court-ordered examiner found in a non-binding investigation released on Tuesday. The unit, Caesars Entertainment Operating Co Inc (CEOC), filed for bankruptcy last year with $18 billion of debt, sparking a bitter feud among some of the biggest names on Wall Street. Potential damages from the claims could reach $5.1 billion, the examiner said. (Reporting b
  
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• FCC likely to circulate draft order approving Charter-Time Warner Cable merger: WSJ

  16-03-2016 02:07 via news.yahoo.com
  
  (Reuters) - U.S. Federal Communications Commission Chairman Tom Wheeler is likely to circulate a draft order approving Charter Communications Inc's $56 billion deal to buy Time Warner Cable Inc , the Wall Street Journal reported, citing people familiar with the matter. The order, which could be circulated as soon as this week, would levy some conditions on the deal, such as preventing Charter from including clauses in pay-TV contracts that limit a content company's ability to offer its programmi
  
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