Analyst news

• US avoids global equity slump on solid economic data

  01-04-2016 23:48 via news.yahoo.com
  
  New York (AFP) - Wall Street stocks defied the norm Friday, rising while overseas bourses tumbled, following solid US jobs and manufacturing data.
  
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• U.S. stocks rise after solid U.S. jobs data; oil down

  01-04-2016 22:52 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - Stocks on Wall Street rose on Friday after better-than-expected U.S. jobs and factory survey data, but a gloomy manufacturing report in Japan knocked other global equity markets lower and crude oil prices slumped. Nonfarm payrolls increased 215,000 and the unemployment rate rose to 5.0 percent from an eight-year low of 4.9 percent, the U.S. Labor Department said. "If the economy is getting stronger and Yellen remains on hold, that's very good for the stock ma
  
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• Wall Street off to a solid start in April

  01-04-2016 22:44 via news.yahoo.com
  
  Wall Street extended a seven-week rally on Friday after upbeat U.S. jobs and factory data hinted at stronger corporate earnings without increasing concerns of potential U.S. interest rate hikes. Analysts expect S&P 500 companies' first-quarter earnings to fall 7 percent year over year, with energy companies weighing heavily, according to Thomson Reuters data.
  
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• UPDATE 5-BlackBerry revenue miss puts hardware future in focus

  01-04-2016 22:33
  
  WATERLOO, Ontario/TORONTO, April 1 (Reuters) - BlackBerry Ltd plans to make a decision by September on the future of its beleaguered smartphone business, but its Chief Executive John Chen stressed on...
  
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• UPDATE 4-Automakers post disappointing U.S. sales, still see strong 2016

  01-04-2016 21:54
  
  DETROIT, April 1 (Reuters) - General Motors Co, Fiat Chrysler Automobiles and other major automakers reported weaker-than-expected U.S. sales for March, hurt by declining demand for sedans and light...
  
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• UPDATE 2-Amicus's Fabry disease drug gets positive EU recommendation

  01-04-2016 21:47
  
  * Shares rise as much as 16 pct to 3-month high (Adds analyst comments, background and updates share move)
  
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• Major Cycle Influence Nears for AUD/USD

  01-04-2016 20:17
  AUD/USD faces resistance from the October 2013-January 2014 line, which was precise resistance in 2015 (twice). A major cycle low is due in 2 weeks.
  
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• Wall Street up slightly as investors assess economic data

  01-04-2016 19:05 via rocketnews.com
  Traders work on the floor of the New York Stock Exchange (NYSE) March 28, 2016. REUTERS/Brendan McDermidMoreBy Abhiram Nandakumar
  (Reuters) – Wall Street was slightly higher on Friday after data pointed to strength in the U.S. labor market and a rebound in the manufacturing sector.
  Gains were limited by a nearly 4 percent fall in crude prices amid increasing skepticism around a deal to freeze crude production. [O/R]
  The Labor Department’s report showed solid gains in nonfarm payrolls
  
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• USD/JPY Weakness Favored on Widening Japan Surplus, Slide in JPN225

  01-04-2016 18:45
  Japan’s widening current account surplus paired with the decline in risk appetite may keep the Yen bid even as the BoJ retains a dovish outlook for monetary policy.
  
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• U.S. stocks, dollar rise after solid U.S. jobs data

  01-04-2016 18:07 via rocketnews.com
  By Herbert LashNEW YORK (Reuters) – The dollar rose and stocks on Wall Street edged up on Friday on better-than-expected U.S. jobs and factory data, suggesting stronger corporate earnings ahead, but a gloomy manufacturing report in Japan knocked global equity markets lower. European shares pared losses and U.S. stocks rose on reports that showed U.S. employment increased solidly in March and manufacturing activity expanded last month for the first time in six months on a surge in new order
  
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• Britain's FTSE loses ground as Q2 begins

  01-04-2016 18:02
  
  LONDON, April 1 (Reuters) - Britain's top equity index fell on Friday, dipping at the start of the second quarter of 2016 as weak oil prices weighed on the shares of major energy companies.
  
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• Trading in eight stocks suspended for rest of day: NYSE ARCA

  01-04-2016 17:47 via rocketnews.com
  By Chuck MikolajczakNEW YORK (Reuters) – NYSE Arca has suspended trading in eight symbols for the balance of the trading day because of a technical issue, including Amazon.com and both classes of Alphabet Inc shares, according to an alert from the exchange. The alert stated that all orders have been canceled back to customers and a spokeswoman for the exchange confirmed it was not an April Fool’s Day prank. The NYSE said the problem was not a system or trading issue but a market data
  
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• US open: Stocks trading mixed despite solid March jobs report

  01-04-2016 17:22 via rocketnews.com
  LONDON (ShareCast) – (ShareCast News) – Stocks on Wall Street were trading slightly lower on Friday – albeit off their lows of the session – despite a solid reading on the state of the jobs market, as a large drop in crude oil futures and losses overnight in Japanese stocks dampened sentiment. The Dow Jones Industrials was off by 21.40 points or 0.12% to 17,633.04 as of 15:09BST, alongside a drop of 5.47 points or 0.27% in the S&P 500 to 2,054.24 and a similar 0.10% f
  
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• Nestle says has not been notified of any Maggi noodles issues in India

  01-04-2016 17:21 via rocketnews.com
  Packets of Nestle’s Maggi instant noodles are seen on display at a grocery store in Mumbai, India, June 4, 2015. REUTERS/Shailesh Andrade/FilesMoreZURICH (Reuters) – Swiss food group Nestle said on Friday it had not been informed by government authorities of any new health issues with its instant noodles after a newspaper reported tests had detected higher-than-permissible levels of ash in the product.
  “We have not received any notice from the concerned authorities about sample
  
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• Nestle says has not been notified of any noodle issues in India

  01-04-2016 17:15 via rocketnews.com
  Packets of Nestle’s Maggi instant noodles are seen on display at a grocery store in Mumbai, India, June 4, 2015. REUTERS/Shailesh AndradeMoreZURICH (Reuters) – Swiss food group Nestle said on Friday it had not been informed by Indian authorities of any new health issues with its instant noodles after a newspaper reported tests had detected higher-than-permissible levels of ash in the product.
  “We have not received any notice from the concerned authorities about samples of Maggi
  
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• Britain's FTSE loses more ground as Q2 begins

  01-04-2016 16:38
  
  LONDON, April 1 (Reuters) - Britain's top equity index fell on Friday, dipping at the start of the second quarter of 2016 as weak oil prices weighed on the shares of major energy companies.
  
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• EUR/USD Retraces Gains on NFP Data

  01-04-2016 16:10
  The EUR/USD has retraced from weekly highs during today’s NFP Event.
  
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• Wall Street lower as jobs data stokes rate hike concerns

  01-04-2016 16:03 via news.yahoo.com
  
  While the unemployment rate rose to 5 percent from an eight-year low of 4.9 percent, it was because more Americans continued to return to the labor force. "I think the strength of payrolls suggest the Fed will undoubtedly raise rates this year, likely in June," said David Carter, chief investment officer at Lenox Wealth Advisors in New York. "This report suggests decent U.S. economic strength, and may provide a boost to corporate profits and riskier assets like equities," Carter added.
  
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• S&P 500 - Failing After Touch of Key Symmetry?

  01-04-2016 15:55
  Turns down from key Gann level. 2040 support zone should prove key.
  
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• CAC 40 Daily Breakout

  01-04-2016 15:50
  The CAC 40 ends 13 days of consolidation by breaking to new lows.
  
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• UPDATE 2-Turkish prosecutor opens bribery probe into drugmaker Novartis

  01-04-2016 15:39
  
  ISTANBUL, April 1 (Reuters) - The Ankara Chief Prosecutor has launched an investigation into the Turkish unit of Swiss drugmaker Novartis, the prosecutor's office said on Friday, after allegations...
  
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• Trading in eight stocks suspended for rest of trading day: NYSE ARCA

  01-04-2016 15:15 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - NYSE Arca has suspended trading in eight symbols for the balance of the trading day due to a technical issue, including Amazon.com and both cla...
  
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• ’Good Enough’ March Jobs Report Lifts Rate Expectations, Boosts US Dollar

  01-04-2016 15:15
  The US Dollar has slid all week long, but this morning’s batch of US jobs data has the greenback rallying headed into the first weekend of the month.
  
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• Wall Street to end 2016 with small gain; rate rises a worry - Reuters poll

  01-04-2016 15:07 via news.yahoo.com
  
  The turbulent selloff that marked the start of the year for U.S. stocks may be over, but the market will still end 2016 with a whimper, posting just a modest gain, according to strategists polled by Reuters. The benchmark S&P 500 is expected to end 2016 at 2,100, up 2 percent from Thursday's close and 3 percent above the 2,043.94 it ended last year, according to the median forecast of 42 strategists polled by Reuters. "We've come a long way back from the depths of despair six or seven weeks
  
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• Analytical review of the stocks of Intel Corporation

  01-04-2016 14:45 via liteforex.com
  Forex analytics: Intel Corporation, #INTC [NASD]Technologies, Semi-conductors, USA Financial performance of the company:Index – DJIA, S&P 500;Beta – 1.00; Capitalization – 135.81 В;Return on asset – 12.00%; Income - 11.42 B;Average volume – 25.57 М; P/E - 12.30;ATR – 0.58.Analytical review:The company ranks the 9th on capitalization in the sector of “Technology” among the issuers trading in ...
  
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• USD/JPY: Fundamental data was stronger than expected

  01-04-2016 14:30 via liteforex.com
  Forex analytics: Assumption of the further rise in the pair USD/JPY was not correct. In the previous forecast of 28 March we said that consolidation of the price above the level of 113.65 (ЕМА200, ЕМА144 on 4-hour chart) will confirm the forecast and enable the pair to continue the rise. However, the pair failed to consolidate above the level of 113.65, although the price has broken down this level. ...
  
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• China insists economy stable after S&P lowers outlook

  01-04-2016 13:51 via rocketnews.com
  Beijing (AFP) – China on Friday shrugged off a decision by ratings agency Standard & Poor’s (S&P) to cut its outlook on the country to negative, calling on the firm to be “objective”.S&P cut its outlook from its previous assessment of “stable” on Thursday, warning that economic rebalancing away from investment towards services was taking longer than expected.
  Chinese foreign ministry spokesman Hong Lei said on Friday that the country was “in
  
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• Broad base can support extension of S&P 500 rally

  01-04-2016 13:50 via rocketnews.com
  Traders work on the floor of the New York Stock Exchange (NYSE) March 16, 2016. REUTERS/Brendan McDermidMoreBy Rodrigo Campos
  NEW YORK (Reuters) – The seven-week U.S. stock market rally still has some room to run and could punch through the record high set by the S&P 500 last May, based on a number of indicators that are pointing the way higher.
  Among the good signs, the run-up has come with strong volume and is supported by almost every company in the index. Furthermore, worries have
  
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• Can Silver Escape the Narrow Range?

  01-04-2016 13:37
  Silver prices remain trapped in a narrow range, but today’s NFP and ISM may be enough to end this.
  
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• Preview for March NFPs and Setups for USD-pairs

  01-04-2016 13:30
  The US Dollar has slipped the past few days - will the March jobs report stem the bleeding?
  
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• USD/JPY: Expectations of the interest rate increase in the USA have significantly decreased

  01-04-2016 13:13 via liteforex.com
  Forex analytics: At the closing trading session in Asia Japanese stock index Nikkei Stock Average fell by 3.6% to 16164.16 points. At the same time Japanese Yen has grown against the USD and major currencies due to the disappointing data on Tankan indices for Q1 released by the Bank of Japan.Decline of sentiments in the business circles of Japan resulted in the decline in price of shares in the Japanese stock ...
  
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• RPT-INTERVIEW-Canadian uranium company Nexgen mulls eventual stake sale as stock gains

  01-04-2016 13:00
  
  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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• NZD/USD: will the pair rise above 0.6860?

  01-04-2016 11:48 via liteforex.com
  Forex analytics: In March the pair NZD/USD has grown by 320 points. The price consolidated above the level of 0.6860 (Fibonacci 23.6% to the global decline since July 2014 from the level of 0.8800). The price rebounded from this level three times in October, December 2015 and in the mid-March 2016. However, this time the price has broken down important resistance level of 0.6770 (ЕМА200) and remains in the ...
  
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• GBP/USD Lower After Soft Markit/CIPS Manufacturing PMI

  01-04-2016 11:47
  The British Pound traded lower versus other major currencies after the March Markit Manufacturing PMI came below expectations
  
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• NZD/USD: positive impetus continues, but…

  01-04-2016 11:46 via liteforex.com
  Forex analytics: At the beginning of March RBNZ has reduced interest rate by 0.25% to 2.25%. Following this news the pair NZD/USD fell but later, it has significantly strengthened. After the second bad news about the decline in the world prices for dairy products by 2.9% the pair NZD/USD reached the low of March at the level of 0.6575. This week the pair NZD/USD has grown above the level of 0.6900. The rise in ...
  
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• US Jobs Data May Fuel Dollar Bounce, Trigger Risk Aversion

  01-04-2016 11:33
  A better-than-expected US jobs report may encourage a recovery in Fed rate hike bets, boosting the US Dollar while stoking risk aversion across financial markets.
  
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• S&P's downgrade overestimated China's difficulties - China vice finance minister

  01-04-2016 11:04 via news.yahoo.com
  
  Standard & Poor's overestimated difficulties facing China's economy when the ratings agency downgraded the country's outlook, China's vice finance minister said on Friday. Shi Yaobin is the first senior Chinese official to respond after S&P cut its outlook for China to negative from stable on Thursday. In early March, Moody's Investors Service also downgraded the outlook for China.
  
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• S&P’s downgrade overestimated China’s difficulties – China vice finance minister

  01-04-2016 11:04 via rocketnews.com
  BEIJING (Reuters) – Standard & Poor’s overestimated difficulties facing China’s economy when the ratings agency downgraded the country’s outlook, China’s vice finance minister said on Friday. Shi Yaobin is the first senior Chinese official to respond after S&P cut its outlook for China to negative from stable on Thursday.In early March, Moody’s Investors Service also downgraded the outlook for China.Both S&P and Moody’s underestimated China&
  
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• The DAX 30 slides Ahead of NFP

  01-04-2016 11:03
  The DAX 30 tests last week’s low as European shares slide.
  
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• Britain's FTSE kicks off April with further falls

  01-04-2016 10:57
  
  LONDON, April 1 (Reuters) - Britain's top share index fell on Friday, kicking off the second quarter of 2016 with another drop after mixed data in Asia and another drop in oil prices hit risk...
  
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• Sensex retreats from three-month high; earnings in focus

  01-04-2016 10:32 via news.yahoo.com
  
  Indian shares fell on Friday, a day after hitting a near three-month high, as investors braced for yet another weak quarter for earnings, and after weak business sentiment data from Japan rekindled global growth worries. Business sentiment among Japan's big manufacturers deteriorated to the lowest in nearly three years and is expected to worsen in the coming quarter, a closely watched central bank survey showed on Friday. Asian shares and the dollar both lost more ground as investors began the n
  
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• Copper, Oil Prices Ignore Upbeat China PMIs; Gold Posts Huge Gain

  01-04-2016 10:03
  Safe haven interests helped gold to score a large quarterly gain. Oil, copper prices slid despite good China’s manufacturing PMIs
  
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• EUR/USD to Extend Gains on Lackluster NFP, Subdued Wage Growth

  01-04-2016 10:00
  Despite forecasts for another 205K expansion in NFP, subdued wage growth in the U.S. may further dampen the appeal of dollar as it drags on interest-rate expectations.
  
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• FTSE 100: Could Today’s NFP Report End The Stalemate?

  01-04-2016 09:23
  The FTSE 100 adjusts lower to meet the declines seen overnight in the Asian stock markets.
  
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• UPDATE 7-China's Anbang abandons $14 billion bid to buy Starwood Hotels

  01-04-2016 09:01
  
  * Anbang dropped out to avoid long bidding war - Primavera's Hu
  
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• UPDATE 6-China's Anbang abandons $14 billion bid to buy Starwood Hotels

  01-04-2016 06:26
  
  * Anbang dropped out to avoid long bidding war - Primavera's Hu
  
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• AUD/USD Seesaws on China PMI Data as US Jobs Report Looms

  01-04-2016 05:04
  The AUD/USD exchange rate surged after China’s better-than-expected manufacturing PMI figure but then quickly corrected as traders wait for the US labor statistics to drive market sentiment.
  
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• Japan’s Manufacturing Activity, Spending Fall More Than Expected

  01-04-2016 04:55
  Both USD/JPY and the Nikkei 225 fell in the wake of Japan’s Tankan manufacturing and capex data disappointed against already tempered expectations.
  
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• UPDATE 5-China's Anbang abandons $14 billion bid to buy Starwood Hotels

  01-04-2016 01:19
  
  March 31 (Reuters) - China's Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide Inc, paving the way for Marriott International Inc...
  
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• Market volatility pummels equity deals to lowest in seven years - data

  01-04-2016 01:12 via news.yahoo.com
  
  By Freya Berry and Elzio Barreto LONDON/HONG KONG (Reuters) - Worldwide share issues slumped to a seven-year low in the first quarter of the year, as market volatility claimed the hopes of companies seeking to list their stock, Thomson Reuters data showed on Friday. Markets have been roiled by fears of slow economic growth globally and the CBOE Market Volatility Index remained stubbornly above 20 for much of this year, the level seen as safe for stock market hopefuls to attract investors. "For m
  
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