Analyst news

• U.S. banks need more information on how 'living wills' are judged: GAO

  12-04-2016 23:43 via news.yahoo.com
  Big banks do not have enough information on how U.S. regulators evaluate their plans to wind down operations during a crisis without the help of public money, known in the industry as a "living will," and are scrambling to meet annual deadlines for filing them, according to the Government Accountability Office. The requirement for a so-called living will was part of the Dodd-Frank Wall Street reform legislation passed in the wake of the 2007-2009 financial crisis, when the U.S. government spent
  
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• Oil, energy shares rally, boosting stock markets

  12-04-2016 23:03 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Brent crude oil prices hit a four-month high and energy equities rose on Tuesday after reports of an agreement between two major producers to freeze output, leading U.S. equities higher. Brent crude rose 3.3 percent to $44.22 a barrel and U.S. crude settled up 4.5 percent at $42.17. On Wall Street, energy sector shares led the market, and the S&P 500 hit an intraday high shortly after the headlines on the output freeze.
  
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• U.S. regulators to notify some banks their 'living wills' are flawed: WSJ

  12-04-2016 22:39 via news.yahoo.com
  
  U.S regulators are preparing to notify some of country's largest banks, including JPMorgan Chase & Co , that they have submitted flawed "living wills," the Wall Street Journal reported on Tuesday, citing people familiar with the matter. A "living will" refers to a bank's plan for how it would wind down operations during a crisis without the help of public money.
  
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• Surging energy shares boost Wall Street as earnings kick off

  12-04-2016 22:31 via news.yahoo.com
  
  Wall Street gained on Tuesday, led by surging energy shares that were buttressed by rising oil prices, as investors scooped up equities at the start of corporate earnings season. All 10 S&P sectors closed higher and the Dow industrials posted their best day in about a month. Energy shares jumped 2.8 percent, with oil majors Exxon Mobil and Chevron giving two of the biggest boosts to the S&P 500.
  
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• US STOCKS-Surging energy shares boost Wall St as earnings kick off

  12-04-2016 22:27 via news.yahoo.com
  Wall Street gained on Tuesday, led by surging energy shares that were buttressed by rising oil prices, as investors scooped up equities at the start of corporate earnings season. All 10 S&P sectors closed ...
  
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• WTI Crude Oil Price Forecast: Up In Rarified Air

  12-04-2016 22:25
  WTI Crude Oil (CFD: US Oil) Has Broken Above the 200-DMA For The First Time Since H1 2014, And a Multitude of Factors Favor Continued Strength.
  
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• N.Y. Fed joins U.S. GDP forecasting game

  12-04-2016 21:55 via news.yahoo.com
  
  The New York Federal Reserve will launch a weekly gauge of the U.S. economy at a time when investors are concerned about slowing overseas demand and wild swings across financial markets. The New York Fed is known for having an ear on Wall Street due to its role conducting daily market operations for the entire U.S. central bank system. It is unclear whether the bank's forecast model on gross domestic product will be more accurate than the Atlanta Fed's closely watched GDP model and top-tier econ
  
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• Energy shares lead Wall Street higher as earnings get into gear

  12-04-2016 20:44 via news.yahoo.com
  
  Wall Street gained on Tuesday, led by surging energy shares that were buttressed by rising oil prices, while Alcoa kicked off an expected tepid corporate earnings season. All 10 S&P sectors were higher in afternoon trading. Energy shares jumped 3 percent, with oil majors Exxon Mobil and Chevron giving two of the biggest boosts to the S&P 500.
  
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• US STOCKS-Energy shares lead Wall St higher as earnings get into gear

  12-04-2016 20:40 via news.yahoo.com
  Wall Street gained on Tuesday, led by surging energy shares that were buttressed by rising oil prices, while Alcoa kicked off an expected tepid corporate earnings season. Alcoa shares fell 3.2 percent on Tuesday after the metals company late on Monday reported a lower quarterly profit, with results hurt by low commodity prices.
  
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• US DOLLAR Technical Analysis: Has Anyone Seen The Bulls?

  12-04-2016 20:25
  Institutions Are Leaving The Long USD Positions, Signaling Downside Will Be Easier To Come By For The Greenback.
  
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• Oil, energy shares rally, despite dollar gains

  12-04-2016 20:12 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Brent crude oil prices hit a five-month high and energy equities rose on Tuesday after reports of an agreement between two major producers to freeze output, while the U.S. dollar had its strongest session in three weeks. Brent crude was up 3.6 percent to $44.36 a barrel and U.S. crude rose 3.3 percent to $41.70. On Wall Street, energy sector shares led the market, and the S&P 500 hit an intraday high shortly after the headlines on the output freeze.
  
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• Valeant Pharmaceuticals gets default notice from debt holder

  12-04-2016 19:48 via news.yahoo.com
  Shares of Valeant Pharmaceuticals International Inc. fell in after-hours trading on Tuesday as the company said it has received a default notice from a debt holder. The default notice was filed by Centerbridge Partners LP, the Wall Street Journal reported. Shares of Valeant, which finished the regular trading session at $31.99 US, dipped as much as eight per cent in the after-hours session before recovering to trade off about three per cent.
  
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• EUR/AUD Reversal Testing Initial Support - Bearish Sub-1.5075

  12-04-2016 19:48
  EURAUD scalp focus remains lower after reversing off confluence resistance last week. Here are the updated targets & invalidation levels that matter.
  
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• Development banks could pump $1 trillion into global growth drive - S&P

  12-04-2016 18:51 via news.yahoo.com
  By Marc Jones LONDON (Reuters) - The world's top development banks and multilateral lenders could pump an additional $1 trillion into the global economy without negatively impacting their ratings, Standard and Poor's estimated on Tuesday. Policymakers are expected to back a renewed push for global growth at the International Monetary Fund's spring meetings this week and development banks have been cited as one of the channels that could provide support by upping their lending. S&P said it ha
  
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• China’s Market News: State-Owned Company’s Bonds’ Trading Halted to Solvency Issue

  12-04-2016 18:35
  Another state-owned enterprise announced financial difficulties.
  
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• Oil rallies, lifting stocks, despite dollar gains

  12-04-2016 17:52 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Brent crude oil prices hit a four-month high on Tuesday after reports of an agreement among two major producers to freeze output, boosting energy stocks, even as the U.S. dollar was having its strongest session in three weeks. On Wall Street, energy sector shares posted the most gains and the S&P 500 hit its highest level of the session shortly after the output freeze headlines. The Dow Jones industrial average rose 156.04 points, or 0.89 percent, to 17
  
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• Surge in crude drives gains on Wall Street

  12-04-2016 17:16 via news.yahoo.com
  
  Gains on Wall Street were driven by a surge in oil on Tuesday, even as Alcoa's lackluster results marked a shaky start to the U.S. corporate earnings season. Alcoa shares were down 4.7 percent at $9.28. Investors will focus on corporate earnings over the next several weeks, amid turbulent global markets and the uncertainty surrounding the U.S. Federal Reserve's plan to raise interest rates.
  
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• Wall Street slightly higher as oil rises

  12-04-2016 16:02 via news.yahoo.com
  
  Wall Street was slightly higher on Tuesday as a surge in oil drove gains in energy stocks. Investors will turn their attention to corporate earnings over the next several weeks, amid turbulent global markets and the uncertainty surrounding the U.S. Federal Reserve's plan to raise interest rates. "The market has been in a small consolidating phase, biding time and waiting for the next driver that will dictate the next move in equities," said Andre Bakhos, managing director at Janlyn Capital in Be
  
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• IMF Warns of Weaker Global Growth, Economies in Need of Stimulus

  12-04-2016 15:55
  The International Monetary Fund’s latest report issued a stark warning over ‘Brexit,’ as well as a dourer outlook for global growth for the year ahead.
  
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• Wall Street opens higher as oil rises

  12-04-2016 15:39 via news.yahoo.com
  
  REUTERS - U.S. stocks opened higher on Tuesday, boosted by a surge in oil, even as Alcoa's quarterly results marked a dull start to the earnings season. The Dow Jones industrial average was up 27.4 points, or 0.16 percent, at 17,583.81, the S&P 500 was up 3.2 points, or 0.16 percent, at 2,045.19 and the Nasdaq composite was up 6.15 points, or 0.13 percent, at 4,839.55. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Anil D'Silva)
  
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• Analytical review of the stocks of 3M Company

  12-04-2016 15:34 via liteforex.com
  Forex analytics: 3M Company, #MMM [NYSE] Industrial goods, Diversified production, USA Financial performance of the company: Index – DJIA, S&P 500; Beta – 1.11; Capitalization – 96.20 В; Return on asset – 15.10%; Income - 4.83 B; Average volume – 2.91 М; P/E - 20.95; ATR – 2.79. Analytical review:The company ranks the second on capitalization in the sector of “industrial goods” among the ...
  
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• Analytical review of the 3M Company's shares

  12-04-2016 15:34 via liteforex.com
  Forex analytics: 3M Company, #MMM [NYSE] Industrial goods, Conglomerate, USA Financial performance Index –DJIA, S&P 500; Beta – 1.11; Capitalization - 96.20 ВAssets Profitability 15.10%; Revenue 4.83B; Average volume – 2.91 М; P/E - 20.95; ATR – 2.79 Analytical review:The Company has the 2nd biggest capitalization in the industrial goods sector among the issuers listed on the US stock market. ...
  
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• USD/CHF - Don’t Give Up on the Greenback Just Yet

  12-04-2016 15:20
  USD/CHF probing key support confluence. Important breakdown or recovery looms.
  
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• Wall Street set for slightly higher open as oil steadies

  12-04-2016 15:01 via news.yahoo.com
  
  U.S. stock indexes were set to open higher on Tuesday, tracking a rise in crude oil, even as Alcoa kicked off the earnings season with a lackluster quarterly report. Shares of Alcoa were down 3.2 percent at $9.43 in premarket trading. Investors will turn their attention to corporate earnings over the next several weeks, amid turbulent global markets and the uncertainty surrounding the U.S. Federal Reserve's plan to raise interest rates.
  
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• EUR/USD Fails 2nd Consecutive Daily Breakout

  12-04-2016 14:35
  The EUR/USD has failed another breakout attempt, after initially trading over 1.1445.
  
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• Streaming revenues ride to the rescue of global music earnings

  12-04-2016 14:18 via news.yahoo.com
  LONDON (Reuters) - A massive rise in earnings from streaming services helped reverse almost 20 years of declining global music revenues last year as money from digital formats overtook physical sales ...
  
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• Silver Prices Are Challenging Their Yearly High

  12-04-2016 13:59
  Silver prices have maintained gains following a soft U.S. Dollar. Price is trading near its March high of $16.16.
  
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• USD/CHF: near the level of 0.9565

  12-04-2016 13:49 via liteforex.com
  Forex analytics: Last week, the pair USD/CHF has broken out strong resistance level of 0.9565, which is crossed by moving average lines ЕМА200, ЕМА144 and bottom limit of the descending channel on the weekly chart.The lower the price goes below this level, the stronger will be pressure on the CHF.On the daily chart the indicators OsMA and Stochastic show probability of the reversal movement in the pair. ...
  
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• Crude Oil at Major Inflection Point as USDOLLAR Breaks Down

  12-04-2016 13:29
  If Crude Oil is able to clear its 200-DMA this week, we'd have a significant piece of evidence to support another swing lower in USD/CAD.
  
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• USD/CHF: The US Fed may increase in interest rates in June

  12-04-2016 13:07 via liteforex.com
  Forex analytics: Last week’s data showed that deflationary pressure on Swiss economy continues. Consumer price index in Switzerland fell by 0.9% in March compared with the same period last year, import prices in March fell by 2.8% compared with the same period last year. The data released earlier showed that selling prices also fell due to strong Franc (producer price index and import prices in February fell by ...
  
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• GBP/USD: The pair is unlikely to exceed the level of 1.4300

  12-04-2016 12:39 via liteforex.com
  Forex analytics: On the daily chart the rise in the pair GBP/USD is prevented by two strong resistance levels of 1.4300 (ЕМА50), 1.4385 (Fibonacci 38.2% to the decline from the level of 1.5230 since mid-December 2015). Since the beginning of this week the pair has moved in the upward channel on the daily chart, consolidating above two resistance levels of 1.4185 (Fibonacci 23.6%) and 1.4240 (ЕМА200 on ...
  
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• GBP/USD: inflation data was better than expected

  12-04-2016 11:55 via liteforex.com
  Forex analytics: Today, data by the British National Bureau of statistics showed that retail price index (RPI) rose by 0.4% in March against the forecast of 0.3%; on the annual basis the rise amounted to +1.6% (against the forecast of +1.4%). Core consumer price index (core CPI) in March was +0.5% (forecast +0.4%). In annual basis the index was +1.5% (forecast 1.3%). Inflation data was better than expected, which ...
  
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• DAX 30: Sideways Price Action Is Dominating

  12-04-2016 11:15
  Critical levels for the DAX are the March 10 low of 9398 and the March 23 high of 10,118.
  
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• GBP/USD Slightly Higher as Inflation Figures Beat Expectations

  12-04-2016 11:14
  The British Pound traded higher before leveling out versus other major currencies after today's inflation data hit 15-month high, BoE in focus
  
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• FTSE 100 Trades Sideways Amid Rising Crude Oil Prices

  12-04-2016 10:30
  The FTSE 100 remained range bound and prices have been capped by the March 18 high of 6237 and supported by the March 10 low of 6006.
  
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• Oil and Gold Prices Hold Gains while Copper Price Dwindles

  12-04-2016 10:23
  Oil and gold prices held gains as USD slipped, while copper price stayed muted. Investors await an oil-producers summit on output freeze
  
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• Pound May Rise on UK CPI, US Dollar Focused on Fed-Speak

  12-04-2016 10:09
  The British Pound may rise if an uptick in UK inflation helps rebuild BOE policy bets. The US Dollar is looking to Fed-speak to set the stage for price action.
  
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• Tokyo leads most Asia markets up but fears linger

  12-04-2016 09:43 via news.yahoo.com
  
  A fall in the yen pushed Japan's stock market higher in early trade Tuesday, helping it lead a broad Asia-wide advance, although analysts warned worries about the world economy and earnings would temper any rally. Tokyo's Nikkei, which has been among the worst performers this year, enjoyed a rare rally Tuesday, adding 1.1 percent, thanks to a dip in the yen, which supports exporters. The dollar rose to 108.25 yen in Japanese trade, from 107.94 yen in New York after Japan's finance minister reite
  
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• BUZZ-Banque Saudi Fransi rises after earnings beat

  12-04-2016 09:13 via news.yahoo.com
  ** Shares in Banque Saudi Fransi rise 3.9 percent to 26.50 riyals ** On Monday, after market close, the lender reported a 2.7 percent increase in net profit to 1.08 billion riyals ($288 million). ** Four analysts surveyed by Reuters had on average forecast the bank would make a quarterly profit of 964.3 million riyals ** Riyad Capital has rated the stock a "buy" with a target price of 34.00 riyals ** Shares have slightly outperformed the banking sub-index in 2016 ** Saudi Arabia's stock index ga
  
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• Asian stock markets mostly higher ahead of earnings reports

  12-04-2016 08:48 via news.yahoo.com
  
  SEOUL, South Korea (AP) — Asian stock markets mostly gained on Tuesday as investors awaited corporate earnings results at home and abroad.
  
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• Alcoa Reports Soft Revenue Growth as Q1 Earnings Season Begins

  12-04-2016 07:14
  The first-quarter earnings report from Alcoa Inc. showed revenue fell short of analysts’ estimates, held down by soft metal prices and headwinds from FX rates.
  
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• AUD/USD Technical Analysis: Aussie Short Trade Pressured

  12-04-2016 06:02
  The Australian Dollar is attempting to rebuild upside momentum, working to secure another test of the 0.77 figure after finding interim support below the 0.75 mark.
  
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• Rising U.K. Consumer Price Index (CPI) Risks Larger GBP/USD Rebound

  12-04-2016 06:00
  Signs of stronger U.K. inflation may encourage a larger rebound in GBP/USD as it puts increased pressure on the BoE to normalize policy sooner rather than later.
  
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• NZD/USD Technical Analysis: Waiting for Reversal Confirmation

  12-04-2016 05:39
  The New Zealand Dollar is attempting to rebuild upside momentum against its US namesake having found support below the 0.68 figure.
  
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• Nikkei 225 Contests the 16,000 Mark

  12-04-2016 05:17
  After bouncing from 15,523 support level, Nikkei is heading to test 16,000 mark on the upside with momentum signals hinting at further rise
  
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• EUR/GBP Technical Analysis: Trend Reversal in Progress?

  12-04-2016 04:11
  The Euro moved sharply lower against the British Pound, with prices putting in the largest daily decline in a month.
  
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• Viacom's Redstone opposes selling minority stake in Paramount - Wall Street Journal

  12-04-2016 03:01 via news.yahoo.com
  
  (Reuters) - Ailing Viacom Inc controlling shareholder Sumner Redstone opposes Chief Executive Officer Philippe Dauman's plan to sell a minority stake sale in Viacom's Paramount Pictures movie studio, the Wall Street Journal reported on Monday. The report added to turmoil over the future of Viacom, the conglomerate that owns MTV, Comedy Central, Nickelodeon and other TV channels, as Dauman faces pressure to boost the company's stock price. Dauman announced in February that the company would seek
  
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• Viacom's Redstone opposes selling minority stake in Paramount: WSJ

  12-04-2016 02:59 via news.yahoo.com
  
  (Reuters) - Ailing Viacom Inc controlling shareholder Sumner Redstone opposes Chief Executive Officer Philippe Dauman's plan to sell a minority stake sale in Viacom's Paramount Pictures movie studio, the Wall Street Journal reported on Monday. The report added to turmoil over the future of Viacom, the conglomerate that owns MTV, Comedy Central, Nickelodeon and other TV channels, as Dauman faces pressure to boost the company's stock price. Dauman announced in February that the company would seek
  
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• Senate committee to take up bill on CFTC

  12-04-2016 00:34 via news.yahoo.com
  
  A U.S. Senate committee will soon consider legislation on the country's commodities and derivatives regulator that is intended to keep financial-sector restrictions in the Dodd-Frank Wall Street reform law from applying to farmers and ranchers because their derivatives trading helps them manage operational risks. On Thursday, the Agriculture Committee will mark up legislation reauthorizing the Commodity Futures Trading Commission, which oversees the $400 trillion U.S. swaps market as well as tra
  
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