Analyst news

• INTERVIEW-Canadian uranium company Nexgen mulls eventual stake sale as stock gains

  31-03-2016 23:36
  
  March 31 (Reuters) - Nexgen Energy Ltd, a Canadian uranium exploration company whose stock rocketed 79 percent this month, is talking with multiple uranium producers and buyers about selling a...
  
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• Feeble finish to a tempestuous quarter on Wall Street

  31-03-2016 22:42 via news.yahoo.com
  
  Wall Street ended the first quarter with a whimper on Thursday after a seven-week rally that rescued the S&P 500 from its worst start to a year since 2009. Angst about a troubled global economy drove a steep selloff in stocks in January, before a rebound in oil prices cleared the way for the S&P's 13-percent recovery since mid-February that has left the index up 0.8 percent for 2016.
  
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• US STOCKS-Feeble finish to a tempestuous quarter on Wall Street

  31-03-2016 22:40 via rocketnews.com
  * Jobless claims rose unexpectedly last week* S&P 500 up 0.8 pct for year; Dow up 1.5 pct YTD
  * Best Buy(Swiss: BBY.SW – news)rallies after Barclays (LSE: BARC.L – news) recommends buying
  * Indexes end: Dow -0.18 pct, S&P -0.20 pct, Nasdaq +0.01pct (Updates to close)
  By Noel Randewich
  March 31 (Reuters) – Wall Street ended the first quarterwith a whimper on Thursday after a seven-week rally that rescuedthe S&P 500 from its worst start to a year since 2009.
  Angst abo
  
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• China's Anbang scraps bid for Starwood Hotels - source

  31-03-2016 22:27
  
  March 31 (Reuters) - China's Anbang Insurance Group Co is walking away from its proposed takeover of Starwood Hotels & Resorts Worldwide Inc, the operator of Sheraton and Westin hotels, a source...
  
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• Shares of Morocco’s Alliances Development suspended as it delays 2015 results

  31-03-2016 21:21 via rocketnews.com
  (Adds director comments)By AzizEl Yaakoubi RABAT, March 31 (Reuters) – Morocco’s stock market regulatorAMMC suspended trading inshares of Alliances Development on Thursday after the property company postponed itsannual results announcement, saying it wanted time to finalise adebt restructuring plan. Alliances’ shares have tumbled more than 65 percent in thepast 12 months on the Casablanca stock market and the companyissued a profit warning earlier this month, saying it would po
  
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• WTI Crude Oil Price Forecast: Sitting On A Crucial Polarity Point

  31-03-2016 21:00
  Oil has been stopped by the 200-DMA once again. Now we’ll see how it responds to technical pivot on the charts.
  
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• Wall Street on track for feeble end to tempestuous quarter

  31-03-2016 20:54 via news.yahoo.com
  
  Wall Street was set to end the first quarter with a whimper on Thursday after a month-long rally that rescued the S&P 500 from its worst start to a year since 2009. Worries about a troubled global economy caused a steep selloff in stocks in January, before a rebound in plummeting oil prices cleared the way for a 7-percent recovery the S&P through March that has left the index up 1 percent for 2016. "A lot of people are trying to hold the market up here because it's going to give everyone
  
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• U.S. judge rejects Lehman workers' claims on stock awards

  31-03-2016 19:19 via news.yahoo.com
  
  Former senior employees of Lehman Brothers Holdings Inc [LEHLO.UL] who once commanded seven-figure pay packages failed to persuade a federal judge to restore hundreds of millions of dollars of stock awards that become worthless after the Wall Street bank's collapse. In a decision made public on Thursday, U.S. District Judge Richard Sullivan said the awards should be classified as equity, subject to being wiped out, rather than as contract claims entitling the workers to cash payouts from Lehman'
  
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• USDOLLAR Braces for NFPs- Rally to Offer Favorable Short Entries

  31-03-2016 19:17
  The immediate dollar short-bias is at risk heading into key U.S. event risk tomorrow. Here are the updated targets & invalidation levels that matter.
  
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• USD/CAD Retail FX Positioning Back at Extremes Despite Fresh 2016 Low

  31-03-2016 19:15
  The retail FX crowd remains net-long USD/CAD since February 25, with positioning back at extremes despite the ongoing decline in the exchange rate.
  
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• Wall Street up slightly as tumultuous quarter winds down

  31-03-2016 19:04 via rocketnews.com
  By Abhiram Nandakumar(Reuters) – Wall Street was set to end a tumultuous first quarter on a quiet note with the three major indexes eking out small gains on Thursday, led by healthcare stocks.
  Worries about the global economy caused a steep selloff in stocks at the start of the year, before a rebound in oil prices sparked a recovery.
  Investors held off on making big bets on Thursday ahead of the critical U.S. non-farm payrolls report due on Friday. Crude oil rose slightly, hovering near $4
  
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• The One Data Point That Could Determine Whether This Rally Lasts

  31-03-2016 19:02 via news.yahoo.com
  
  Wall Street, for all its complexities, has been reduced to drooling, Pavlovian puppy dogs when Federal Reserve Chair Janet Yellen takes the microphone, as she did earlier this week. The Dow Jones Industrial Average surged up and out of a three-week consolidation range after Yellen on Tuesday talked up the downside risks to the economy, talked down the recent rise in core inflation measures and generally, if subtly, pooh-poohed the chances of an April interest rate hike at a speech to the Economi
  
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• Trader Data Shows Euro and US S&P 500 Face Critical Test

  31-03-2016 18:55
  Retail FX traders have sold aggressively into the sharp Euro and S&P 500 rallies. A contrarian view of crowd sentiment favors buying, but it will be critical to watch these key factors.
  
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• S&P 500 Once Again Looks like a Buy

  31-03-2016 18:45
  Retail CFD traders have never been so short the SPX500, and a contrarian view of crowd sentiment points to further S&P gains.
  
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• New Zealand Dollar Forecast to Gain Unless this Changes

  31-03-2016 18:45
  Retail traders have sold into the New Zealand Dollar’s surge versus the US Dollar, and a contrarian view of crowd sentiment points to further NZD/USD gains.
  
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• Gold Prices Likely to Remain Range-bound

  31-03-2016 18:45
  Retail traders have sold into the recent Gold price bounce versus the US Dollar, and a contrarian view of crowd sentiment suggests the XAU/USD exchange rate could trade higher.
  
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• German DAX Forecast to Strengthen Alongside S&P 500

  31-03-2016 18:45
  Retail traders have turned marginally net-short the GER30, which tracks the German DAX, and a contrarian view of crowd sentiment points to further near-term gains.
  
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• Euro Puts our Trading Strategy to a Real Test

  31-03-2016 18:45
  The Euro is once again attempting to break out of its year-long trading range, and our data shows retail FX traders are selling aggressively into EUR/USD gains.
  
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• British Pound May Stick to Tight Range

  31-03-2016 18:45
  Our retail FX trader data shows the majority of open GBP/USD positions remain long, but a sharp recent shift towards selling paints a mixed picture for our sentiment-based price forecast.
  
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• S&P affirms MTN rating on tamer dividend as Nigerian fine looms

  31-03-2016 18:42 via rocketnews.com
  JOHANNESBURG (Reuters) – Standard & Poor’s affirmed MTN’s credit rating on Thursday, saying that although the South African company faced a $3.9 billion fine in Nigeria, its decision to hold back on dividends was positive. “We view MTN’s decision to lower dividends and maintain sufficient liquidity for its normal obligations, while retaining flexibility to address the pending fine, as positive,” said Standard & Poor’s in a statement, adding that
  
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• GBP/USD Ranges ahead of US NFP Data

  31-03-2016 18:00
  The GBP/USD has opened trading in a 55pip range ahead of tomorrow’s NFP release.
  
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• Britain's FTSE ends poor quarter with another drop

  31-03-2016 17:58
  
  * AO World soars on results beat (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets...
  
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• USD/MXN – Big Support Test Coming Up

  31-03-2016 17:20
  USD/MXN back to flat on the year, 200-moving average test coming up.
  
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• USD/CAD Technical Analysis: All Eyes on 1.2835

  31-03-2016 16:45
  The last line of technical support stands in the way of the most impressive reversal of 2016.
  
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• S&P cuts China sovereign credit outlook to negative; maintains AA - rating

  31-03-2016 16:05 via news.yahoo.com
  
  By Pete Sweeney and James Pomfret SHANGHAI/HONG KONG (Reuters) - S&P cut its outlook for China's sovereign credit rating on Thursday to negative from stable, but maintained the rating at AA-, saying the government's reform agenda is on track but likely to proceed more slowly than expected. The downgrade for China's outlook follows a similar move by ratings agency Moody's Investor Services in early March. At the same time, S&P also downgraded the outlook for Hong Kong, a special administr
  
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• Wall Street little changed at the open

  31-03-2016 15:36 via news.yahoo.com
  
  REUTERS - U.S. stocks were little changed at the open on Thursday, the last day of a turbulent quarter for financial markets. While weekly jobless claims were slightly higher than expected, investors are awaiting the critical non-farm payrolls report on Friday that will give a clearer reading on the state of the economy. The Dow Jones industrial average rose 5.28 points, or 0.03 percent, to 17,721.94, the S&P 500 lost 0.41 points, or 0.02 percent, to 2,063.54 and the Nasdaq composite dropped
  
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• CAC 40 Trading Remains Confined by Range

  31-03-2016 15:00
  The CAC 40 has opened lower, but continues to trade in a broader range.
  
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• Analytical review of the Walt Disney Company’s shares

  31-03-2016 14:35 via liteforex.com
  Forex analytics: The Walt Disney Company, #DIS [NYSE]Services, Entertainment, USA Financial performance:Index –DJIA, S&P 500;Beta – 1.40;Capitalization - 151.56 В;Assets profitability - 9.60%; Revenue 8.38B;Average volume – 10.31 М; P/E - 18.84;ATR – 2.67.Analytical review: The company's shares have grown by over 10.5% since the beginning of February. The quotes are expected to rise further. According ...
  
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• Britain's FTSE ends poor quarter with more falls

  31-03-2016 14:10
  
  * AO World soars on results beat (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets...
  
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• As Q1’16 Draws to a Close, Risks Remain Ahead for EUR, USD

  31-03-2016 13:45
  Market conditions are likely to be highly volatile over the next few days. It's important to stick to your trading rules and risk management principles to avoid costly drawdowns.
  
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• UPDATE 3-Dalian Wanda may take property arm off HK bourse, prefers Shanghai

  31-03-2016 13:43
  
  * Dalian Wanda unhappy with unit's share performance in HK -source
  
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• Global funds cut equity holdings to lowest in at least five years

  31-03-2016 13:41 via rocketnews.com
  By Claire MilhenchLONDON (Reuters) – Investors cut their holdings of stocks to the lowest in at least five years in March, despite a recovery in global equity markets, with euro zone and Japanese assets bearing the brunt as doubts grew about the effectiveness of central bank stimulus. Equity allocations shrank month-on-month to 45.9 percent, a new five-year low, despite a global stock market rally that saw the MSCI World equity index <.MIWD00000PUS> climb over 7 percent in March. Cas
  
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• Silver: Can Jobless Claims Tempt Traders To Break The Deadlock?

  31-03-2016 13:37
  Jobless Claims, Chicago PMI and speeches by the Fed’s Evans and Dudley may be enough to break the current stalemate over silver prices.
  
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• UPDATE 2-China brokerage Guosen unit denies report it defaulted on dim sum yuan bond

  31-03-2016 13:34
  
  HONG KONG/SHANGHAI, March 31 (Reuters) - A unit of China's Guosen Securities, one of the country's largest brokerages, denied a Financial Times report it had defaulted on a Hong Kong-traded yuan bond...
  
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• US pre-open: Stocks seen touch lower ahead of jobless claims, Chicago PMI

  31-03-2016 13:23 via rocketnews.com
  LONDON (ShareCast) – (ShareCast News) – US futures pointed to a marginally lower open on Wall Street as investors looked to the release of some key data points.”US jobless claims and Chicago PMI numbers provide the main event for markets this afternoon, but it looks like Wall Street will follow the trend seen in Asia and Europe and post modest losses on the open. With (Other OTC: WWTH – news) oil prices still heading lower, equities are on the back foot, a state of affai
  
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• Brent: oil resources are growing as well as oil supply. The price remains under pressure

  31-03-2016 13:10 via liteforex.com
  Forex analytics: Weekly data of the US Department of Energy, released yesterday showed that oil reserves in the USA has grown again, which caused volatility in the oil prices of crude oil Brent in the range of 1.5 USD per barrel.Presently the price has grown from today’s lows to 40.0 USD per barrel, due to the decline in the USD.However, it is unlikely that the price go above resistance level of 40.05, ...
  
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• S&P cuts China sovereign credit outlook to negative; maintains AA – rating

  31-03-2016 12:42 via rocketnews.com
  By Pete Sweeney and James PomfretSHANGHAI/HONG KONG (Reuters) – S&P cut its outlook for China’s sovereign credit rating on Thursday to negative from stable, but maintained the rating at AA-, saying the government’s reform agenda is on track but likely to proceed more slowly than expected. The downgrade for China’s outlook follows a similar move by ratings agency Moody’s Investor Services in early March. At the same time, S&P also downgraded the outlook for H
  
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• Brent: pressure on the price will continue

  31-03-2016 12:42 via liteforex.com
  Forex analytics: The data released by the US Department of Energy yesterday showed that oil reserves in the USA amounted to 2.299 million barrels last week. The rise was below expectation of +3.167 barrels. However, the reserves have reached 80-year high.In the last few months, production of oil in the USA has remained at the level of 9 million barrels per day.OPEC countries maintain high level of oil ...
  
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• S&P500: positive dynamics continues

  31-03-2016 12:18 via liteforex.com
  Forex analytics: On Tuesday the index S&P500 has broken down resistance level of 2045.0 (Fibonacci 100% in the decline since the beginning of 2016). Positive dynamics continues. Mrs. Yellen’s comments about gradual increase in the interest rate in the USA have supported risky assets and stocks and, at the same time caused the decline in the USD against the other currencies.On Thursday since the opening of the ...
  
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• S&P lowers China outlook to negative

  31-03-2016 12:18 via rocketnews.com
  Ratings agency Standard & Poor’s has cut its outlook on China’s sovereign bonds from stable to negative (AFP Photo/Greg Baker)MoreRatings agency Standard & Poor’s (S&P) cut its outlook on China from stable to negative on Thursday, warning that economic rebalancing was taking longer than expected.
  “The economic and financial risks to the Chinese government’s creditworthiness are gradually increasing,” it said in a statement.
  S&P kept its rating
  
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• Euro Trading Slightly Higher as Core Inflation Upticks

  31-03-2016 11:34
  The Euro traded slightly higher versus most other major currencies after today's CPI data showed an uptick in Core Inflation, headline figure in line with expectations
  
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• Online furniture store Home24 raises funds

  31-03-2016 11:32 via news.yahoo.com
  
  Online furniture retailer Home24, a start-up launched by Rocket Internet that wants to rival IKEA [IKEA.UL], has raised 20 million euros (15.8 million pounds) in new funding and is overhauling its management team. Berlin-based Home24, founded in 2009 and now active in seven European markets as well as Brazil, is one of the leading companies launched by Rocket Internet, which seeks to be a launch pad for stock market listings of start-ups. Home24 said on Thursday that Marc Appelhoff and Christoph
  
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• DAX 30 Gives Back Some Of Its Gains Following Yesterday’s Strong Rise

  31-03-2016 11:20
  The DAX has pulled back but the overall trend is still bullish above the March 10 low of 9397.
  
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• FTSE 100 Turns At the Resistance Level Following Soft Mining Stocks

  31-03-2016 11:09
  The FTSE 100 gives back some of yesterday’s gains as mining stocks take a hit.
  
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• Online furniture store Home24 raises new funds

  31-03-2016 10:42 via rocketnews.com
  BERLIN (Reuters) – Online furniture retailer Home24, a start-up launched by Rocket Internet that wants to rival IKEA [IKEA.UL], has raised 20 million euros (15.7 million pounds) in new funding and is overhauling its management team. Berlin-based Home24, founded in 2009 and now active in seven European markets as well as Brazil, is one of the leading companies launched by Rocket Internet, which seeks to be a launch pad for stock market listings of start-ups. Home24 said on Thursday that Ma
  
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• MIDEAST STOCKS-Petchems pull Saudi down, Egypt falls after budget

  31-03-2016 10:35 via rocketnews.com
  DUBAI, March 31 (Reuters) – Petrochemical shares pulledSaudi Arabia’s stock market down early on Thursday after Brentoil fell back below $39 a barrel, while Egypt’s boursedropped after the cabinet announced next fiscal year’s draftbudget. The Saudi index lost 0.7 percent as Saudi BasicIndustries SE> slid 1.3 percent. Hospital operator MiddleEast Healthcare, which had jumped its 10 percent dailylimit for two straight days since listing on Tuesday, pulledback 0.3 percen
  
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• Britain's FTSE falls as mining shares drop, though TUI gains

  31-03-2016 10:32
  
  LONDON, March 31 (Reuters) - UK shares retreated on Thursday as mining stocks were hit by a drop in metals prices, although investors cheered a rise in summer bookings for tour operator TUI Group.
  
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• S&P500: the index has won back the losses incurred since the beginning of the year

  31-03-2016 10:19 via liteforex.com
  Forex analytics: Since mid-February the price of the index S&P500 has been growing. By today, the price has won back the losses incurred from the beginning of this year after the decline of the global stock indices caused by the fall of Chinese stock market and devaluation of the Yuan. Recovery of the global stock markets and American stock indices including S&P500 is largely contributed to the efforts of the ...
  
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• Asian markets ease off pedal after rally

  31-03-2016 09:42 via news.yahoo.com
  
  Asian stock markets ended a volatile first quarter on a cautious note on Thursday, as upbeat sentiment fuelled by the prospect of lower US borrowing costs was offset by profit-taking after recent gains. Shanghai and Tokyo were the two worst performers among major global indexes over the past three months, despite a March rally. Wall Street provided a strong lead Thursday with another healthy advance on all three main indexes, but traders remained wary and some took profits a day before the relea
  
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• Malaysian PM Najib's brother received funds before 2013 elections - WSJ

  31-03-2016 09:39 via news.yahoo.com
  
  Malaysian Prime Minister Najib Razak's brother received $7 million (4.88 million pounds) in funds that was transferred to his personal bank account from Najib's before the country's 2013 elections, the Wall Street Journal said, citing investigation documents. The funds was then disbursed to ruling party politicians, the Journal reported. The funds transferred to Nazir Razak, chairman of state-controlled bank CIMB Group Holdings Bhd, was part of more than 500 transfers from Najib's accounts befor
  
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