Analyst news

• UPDATE 3-Banco Popolare, BPM agree merger deal with 1 bln euro capital increase

  23-03-2016 23:41
  
  * ECB gave preliminary green light to deal- source (Recasts with merger details)
  
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• Wall Street rally fizzles out as oil, materials fall

  23-03-2016 21:49 via news.yahoo.com
  
  Wall Street closed lower on Wednesday as oil and materials share prices dropped while investors remained cautious a day after deadly bombing attacks in Belgium. The benchmark S&P 500 index fell back into negative territory for the year after closing positive on Friday for the first time in 2016. U.S. stocks' fading five-week rally was further diminished by comments over the past two days by Federal Reserve officials, who expressed views that suggested an appetite for more U.S. interest rate
  
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• Gold Prices Press 4 Week Lows

  23-03-2016 21:39
  Gold prices fall to 4 week lows. Sentiment and technical analysis suggest a turn may be forming nearby.
  
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• Gold Price Forecast: How Long Is the Dollar In the Driver Seat?

  23-03-2016 21:30
  Gold has rallied ~23% from the December low. The recent move lower may be simply a rest before the next move up.
  
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• GBP/USD Technical Analysis: ’Brexit’ Pricing Pushes Pound Lower

  23-03-2016 21:05
  As the risks of a ‘Brexit’ draw near, so does the probability of lower prices in GBP/USD.
  
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• WTI Crude Oil Price Forecast: Could It Be That Easy?

  23-03-2016 20:55
  Oil has rallied 61% off the February 11 low. However, whether it can push past the formidable 200-DMA is uncertain.
  
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• Goldman Sachs' head U.S. inflation trader put on leave - WSJ

  23-03-2016 20:49 via news.yahoo.com
  Goldman Sachs Group Inc has put Josh Schiffrin, its head of U.S. inflation trading, on leave while it reviews certain trades, the Wall Street Journal reported on Wednesday. Schiffrin was placed on leave in January and its still employed at the firm, the paper said, citing people familiar with the matter. A Goldman spokeswoman declined to comment.
  
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• UPDATE 2-Hitachi ups ante in Ansaldo STS bid by buying more shares

  23-03-2016 19:52
  
  MILAN, March 23 (Reuters) - Hitachi has bought more shares in Ansaldo STS to take its overall stake in the Italian-based rail signalling group to just under 50 percent as it strengthens its grip in a...
  
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• USD/CAD Low in Place? Breach Above 1.3240 to Confirm

  23-03-2016 19:25
  USDCAD is responded a critical support confluence with our near-term focus higher against today’s low. Here are the updated targets & invalidation levels that matter.
  
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• UPDATE 2-Affymetrix delays shareholder voting on Thermo Fisher offer

  23-03-2016 18:59
  
  * Shares rise as much as 6.8 pct (Adds analyst comments; updates shares)
  
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• Britain's FTSE edges up as investors cheer Kingfisher results

  23-03-2016 17:52
  
  * William Hill slump pulls bookmakers lower (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see...
  
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• Yum in talks with KKR, others to sell stake in China unit-WSJ

  23-03-2016 17:39
  * Possible sale of a nearly 20 pct stake in its Chinabusiness * Stake values the China business at about $10 billion(Adds details) March 23 (Reuters) – Yum Brands Inc is in talks with
  private equity company KKR & Co LP and others about a
  possible sale of a nearly 20 percent stake in its China
  business, the Wall Street Journal reported, citing people
  familiar with the matter. The stake values the China business at about $10 billion,
  the report said. (http://on.wsj.com/1Rl7rtL) Shares of
  
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• GBP/USD Outlook Mired by Growing Threat for U.K. Exit

  23-03-2016 17:15
  GBP/USD may extend the decline from earlier this week amid concerns surrounding the UK Referendum, while retail sentiment pushes back to near-term extremes.
  
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• UPDATE 2-Kingfisher cautious on France despite "green shoots"

  23-03-2016 16:54
  
  * Shares rise up to 5.8 percent, top blue chip gainer (Recasts with comments on France)
  
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• UPDATE 2-Virgin America considers sale after getting takeover interest-Bbg

  23-03-2016 16:43
  
  March 23 (Reuters) - Richard Branson-backed Virgin America Inc is considering selling itself or a part of the company after it received buyout interest, Bloomberg reported.
  
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• UPDATE 3-UK's Premier Foods spurns McCormick's $700 mln takeover approach

  23-03-2016 16:31
  
  * McCormick has until April 20 to make firm offer (Adds comments from McCormick, analyst, background, advisors)
  
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• Decline in energy stocks weighs on Wall Street

  23-03-2016 16:29 via news.yahoo.com
  
  A decline in energy stocks weighed on Wall Street on Wednesday as investors backed away from risk in a week marred by the Brussels attacks and shortened by the Good Friday holiday. "We don't like to have big positions over long weekends, and we'll probably work on cleaning those up over the next few days so we can watch basketball in peace," said Doug Burtnick, senior investment manager at Aberdeen Asset Management. Commodity prices, strength in the dollar and uncertainty about interest rates we
  
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• GBP/USD - Brexit Odds Repricing

  23-03-2016 15:50
  GBP/USD nearing last week’s low, 1.4000 remains key pivot.
  
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• MIDEAST STOCKS-Egypt rises after cabinet reshuffle; Gulf mixed

  23-03-2016 15:45 via news.yahoo.com
  
  * Egypt reshuffle appears to focus on economy * Orascom group stocks jump * Zain Saudi again heavily traded * Etisalat rebounds in Abu Dhabi * Qatar's Gulf Warehousing leaps again on investment ceiling By Andrew Torchia DUBAI, March 23 (Reuters) - Egypt's stock market rose on Wednesday after President Abdel Fattah al-Sisi reshuffled his cabinet, while Gulf bourses were mixed in the absence of fresh incentives to trade. ...
  
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• LiteForex's offering a prize to the winner of New Year Promo 2016

  23-03-2016 15:41 via liteforex.com
  
  LiteForex's News: Dear clients, Let us introduce you to the winner of one of the most popular projects at LiteForex - New Year Promo 2016. This year, a trader from Malaysia Rus Wahida bte Abdul Wahab has managed to outdo her competitors and leave them all far behind at the third contest stage.Having aced out her male colleagues, our loyal client won a precious Apple MacBook Pro 15. It was an honour for us to ...
  
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• UPDATE 2-William Hill warns on full-year profit, shares slump

  23-03-2016 15:37
  
  March 23 (Reuters) - British bookmaker William Hill warned on full-year profit on Wednesday, citing Cheltenham festival losses and new rules that have dented income from high-value online customers,...
  
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• UPDATE 3-Amaya CEO charged with insider trading by Quebec regulator

  23-03-2016 15:08
  
  * U.S.-listed stock falls as much as 27.7 pct (Adds details, Amaya statement)
  
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• GBP/USD Trades Lower for 4th Day

  23-03-2016 14:50
  The GBP/USD continues to decline towards new weekly lows.
  
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• Analytical review of the stocks of Facebook Inc.

  23-03-2016 14:33 via liteforex.com
  Forex analytics:Facebook Inc., #FB [NASD]Technologies, Internet service providers, USA
  Financial performance of the company:Index – S&P 500;Beta – 0.73; Capitalization – 327.58 В;Return on asset – 8.10%; Income – 5.87 В;Average volume – 29.17 М. P/E – 89.22.ATR – 4.09.Analytical review:Since the beginning of February the company’s shares has grown by over 13%. It is expected that the rise ...
  
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• Wall Street set to open flat as investors keep off risk

  23-03-2016 13:55 via news.yahoo.com
  
  Wall Street was set to open little changed on Wednesday as investors backed off risk in a week marred by the attacks in Brussels and shortened by the Good Friday holiday. Signs of improving business sentiment at the world's major economies helped European markets recover, but Asian shares fell as investors remained cautious. "We've seen a tremendous run-up largely related to the fact that the world didn't end after all, but it is hard to see where we get the kind of improvement from here which w
  
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• China’s CITIC Sec 2015 profit jumps on strong fee income

  23-03-2016 13:49
  * Net profit up 75 pct to 19.8 bln yuan* Rise down to strong fee, commission income in first half(Recasts, adds detail, background) SHANGHAI, March 23 (Reuters) – China’s largest brokerage,
  CITIC Securities Co Ltd , on Wednesday
  posted a 75 percent jump in 2015 net profit to 19.8 billion yuan
  ($3 billion) on strong fee and commission income. CITIC and other Chinese brokerages have reported soaring
  profit growth after successfully navigating the stock market
  turmoil that began in mid-
  
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• Infibeam IPO fully subscribed, institutional demand thin

  23-03-2016 13:47
  MUMBAI (Reuters) – Indian online retailer Infibeam Incorporation’s $80 million initial public offering (IPO) attracted thin demand from institutional investors, just selling the total number of shares on offer in the country’s first e-commerce listing. The company, which makes money through its e-commerce portal and also license technology for bricks-and-mortar chains to set up their own sales websites, received orders for about 13.8 million shares against the 12.5 million on
  
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• British judge approves extradition of “flash crash” trader to U.S

  23-03-2016 13:40
  By Michael HoldenLONDON (Reuters) – A British judge approved on Wednesday a U.S. request for the extradition of a London-based trader accused of contributing to the 2010 Wall Street “flash crash” by placing bogus orders to spoof the market. Navinder Sarao, 37, who traded on the Chicago Mercantile Exchange (CME) from his parents’ home near London’s Heathrow Airport, is wanted in the United States to face trial on 22 criminal counts. He denies any wrongdoing. “W
  
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• The CAC 40 Fails to Find Direction

  23-03-2016 13:30
  The CAC 40 opens higher, but is still consolidating in a larger technical pattern.
  
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• NZD/USD: pressure on the pair is increasing

  23-03-2016 13:12 via liteforex.com
  Forex analytics: Following minor rise in the pair NZD/USD at the beginning of the Asian session caused by the report of the dairy company Fontera, the NZD continued to decline against the USD.Support level is at 0.6695 (ЕМА144 on the daily chart and ЕМА200, ЕМА144 on 4-hour chart). On the daily and 4-hour chart the indicators OsMA and Stochastic give sell signals. Consolidation of the price below the ...
  
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• NZD/USD: NZD is under pressure

  23-03-2016 13:06 via liteforex.com
  Forex analytics: On Wednesday the largest dairy company of New Zealand “Fonterra” reported the rise in net profit, which was 409 million NZD in the past 6 months compared to 184 million NZD for the previous period. However, this news did not boost the rise in the NZD. After short-term rise at the beginning of the Asian session, the pair NZD/USD continued to decline.Today at 23:45 (GMT+2) foreign trade ...
  
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• Silver Price Gives Back Near 61.8% Of Last Week’s Gains

  23-03-2016 12:59
  Silver prices have nearly given back 61.8% of their gains from the rally which started at the March 16 low of $15.22.
  
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• China’s CITIC rides market turmoil with 75 pct net profit rise

  23-03-2016 12:48
  SHANGHAI, March 23 (Reuters) – China’s largest brokerage
  CITIC Securities Co Ltd on Wednesday
  posted a 75 percent rise in 2015 net profit to 19.8 billion yuan
  ($3 billion).
  CITIC and other brokerages have reported soaring profit
  growth after successfully navigating the stock market turmoil
  that began in mid-June last year.
  Net profit for the year rose from 11.3 billion 2014, CITIC
  said in filings in Shanghai.
  Since the Chinese stock market crumbled
  more than 40 percent last summer, C
  
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• One Hurdle to Clear for USDOLLAR Index as Gold Slips, Stocks Rally

  23-03-2016 12:30
  The USDOLLAR Index has rallied everyday this week, but if it wants to rally further, it's going to need to clear out a recent swing level just overhead.
  
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• Brent: the price is at the resistance level of 41.50

  23-03-2016 11:56 via liteforex.com
  Forex analytics: Since the beginning of the trading week the price of crude oil Brent has been in the narrow channel at resistance level of 41.50 (ЕМА144 on the daily chart). Trading volume is low. The main fundamental drivers today are as follows:US Fed interest rate decision at the meeting in March (has been incorporated into prices).
  The data on oil and oil products reserves for the last week (will be ...
  
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• NZD/USD: Presión sobre el par crece

  23-03-2016 11:24 via liteforex.com
  Forex analytics: Tras un leve crecimiento del par NZD/USD al inicio de la jornada asiática en los informes de la compañía de lácteos Fonterra, continuó la caída del dólar neozelandés frente al dólar USA.El precio tuvo soporte en el nivel de 0.6695 (en el gráfico diario ЕМА144, ЕМА200, en el gráfico de 4H ЕМА144). Los indicadores OsMA y Estocástico en el gr&aac
  
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• DAX 30 Recuperates Its Losses Following The Attacks On Brussels

  23-03-2016 10:45
  The DAX 30 has recuperated its losses following yesterday’s attacks on Brussels.
  
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• MIDEAST STOCKS-Saudi edges up, Egypt soft in early trade

  23-03-2016 10:08
  DUBAI, March 23 (Reuters) – Saudi Arabia’s stock marketedged up in early trade on Wednesday on the back of second-tierstocks favoured by local retail speculators, while Egypt’smarket was soft in narrow trade. The Saudi index climbed 0.4 percent to 6,508 pointsin the first 45 minutes. Earlier this week it broke above its100-day average, now at 6,460 points, a positive medium-termtechnical sign. Among major gainers, Wafa Insurance jumped 7.6percent in unusually heavy trade. Egyp
  
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• Sports Direct lowers full-year earnings forecast

  23-03-2016 09:30 via news.yahoo.com
  
  Sports Direct lowered its full-year core earnings forecast on Wednesday after Mike Ashley, the owner of Britain's biggest sportswear retailer, revealed a trading slowdown in a newspaper interview. Flouting the rules on how companies disclose financial information, Ashley told the Times newspaper on Tuesday that Sports Direct was "in trouble, we are not trading very well", sending its shares sliding 10 percent. In a one-line clarification statement released 24 hours later, Sports Direct said it n
  
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• FTSE 100: What Are The Levels Which May Induce Volatility?

  23-03-2016 09:12
  The FTSE 100 has been trading sideways for three weeks. What are the levels which may induce volatility and a more distinctive trend?
  
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• Sports Direct lowers full-year earnings outlook

  23-03-2016 08:34 via news.yahoo.com
  
  Sports Direct, Britain's biggest sportswear retailer, said on Wednesday it expected its full-year core earnings to come in at or around the bottom of a previously announced range. The group released the one line statement after its deputy chairman Mike Ashley, who holds 55 percent of its equity, said in a newspaper interview on Tuesday that its profits would fall, prompting the company's shares to slump. "Sports Direct wishes to clarify that its current expectations for adjusted underlying EBITD
  
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• US Dollar Aims Higher as Fed Lays the Groundwork for June Rate Hike

  23-03-2016 08:00
  The US Dollar may continue to rise after erasing half of the plunge following last week’s FOMC rate decision as Fed-speak builds the case for a hike in June.
  
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• NZD/USD Technical Analysis: Five-Month Resistance Holds

  23-03-2016 06:46
  The New Zealand Dollar is backtracking after hitting testing resistance capping gains against its US counterpart since mid-November.
  
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• AUD/USD Technical Analysis: Rally Be Starting to Fizzle

  23-03-2016 06:38
  The Australian Dollar has settled into a consolidation range after rising to the highest level in close to nine months against its US namesake.
  
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• Alibaba-backed courier YTO Express to list via $2.7 bln reverse merger

  23-03-2016 06:13 via news.yahoo.com
  
  * Dayang Trands to buy YTO through asset swap, share issue * YTO the latest courier to chase stock market funding * YTO posted net profit of 717 mln yuan in 2015 (Recasts, adds analyst comments, context) By Brenda Goh and Lee Chyen Yee SHANGHAI/SINGAPORE, March 23 (Reuters) - Alibaba-backed YTOExpress plans to go public via a 17.5 billion yuan ($2.7billion) merger with a listed clothing maker, becoming thelatest courier seeking capital market funds to stay competitiveduring China's e-commerce bo
  
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• EUR/USD Technical Analysis: Digesting Below 1-Month High

  23-03-2016 05:14
  The Euro edged lower for a third consecutive day as prices digest gains having advanced to the highest level in a month against the US Dollar.
  
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