Analyst news

• Global shares hit 2016 high, U.S. dollar holds recent gains

  14-04-2016 23:03 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Stocks across the globe rose to their highest levels since late December on Thursday and the U.S. dollar gained for a third day running as investors embraced risk ahead of top policymaker and oil producer meetings. Wall Street stock indexes were little changed a day after the S&P 500 closed at its highest since early December. "The market wants to see a more positive outlook for earnings growth going forward." First-quarter earnings among S&P 500 co
  
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• Financial shares mint fifth day of gains; indexes close flat

  14-04-2016 22:31 via news.yahoo.com
  
  Wall Street was little changed on Thursday after two days of solid gains as investors digested the latest round of big bank earnings and financial shares kept bouncing back. Bank of America Corp shares rose 2.5 percent, giving the biggest boost to the S&P 500, after the No. 2 U.S. bank by assets reported a slide in quarterly profit in line with expectations. Results from JPMorgan , the No. 1 U.S. bank by assets, had helped boost the market on Wednesday a day after energy shares led Wall Stre
  
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• Wall Street ends flat after two-day run up

  14-04-2016 22:09 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street was little changed on Thursday after two days of solid gains as investors digested the latest round of big bank earnings and financial shares kept bouncing back.
  
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• Financial shares on pace for fifth day of gains; indexes flat

  14-04-2016 20:59 via news.yahoo.com
  
  Bank of America Corp shares rose 2.8 percent, giving the biggest boost to the S&P 500, after the No. 2 U.S. bank by assets reported a slide in quarterly profit in line with expectations. Results from JPMorgan , the No. 1 U.S. bank by assets, had helped boost the market on Wednesday a day after energy shares led Wall Street higher. Wall Street's rocky start to 2016, amid concerns over the global economy, has been followed by a sharp rebound starting in mid-February.
  
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• Financial shares on pace for 5th day of gains; indexes flat

  14-04-2016 20:57 via news.yahoo.com
  
  Wall Street was little changed on Thursday after two days of solid gains as investors digested the latest round of big bank earnings. Bank of America Corp shares rose 2.8 percent, giving the biggest boost to the S&P 500, after the No. 2 U.S. bank by assets reported a slide in quarterly profit in line with expectations. Results from JPMorgan , the No. 1 U.S. bank by assets, had helped boost the market on Wednesday a day after energy shares led Wall Street higher.
  
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• CAD/JPY Bearish Below March High; Break Sub-84.57 to Fuel Losses

  14-04-2016 20:51
  The CADJPY rebound is nearing key resistance thresholds with the immediate long-bias at risk. Here are the updated targets & invalidation levels that matter.
  
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• CAD/JPY Bearish Below March High; Break Sub-84.57 Fuel Losses

  14-04-2016 20:51
  The CADJPY rebound is nearing key resistance thresholds with the immediate long-bias at risk. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street inches higher after big bank earnings

  14-04-2016 20:13 via news.yahoo.com
  
  Wall Street inched higher in muted trading on Thursday, propped up by financial stocks, as investors turn their focus on corporate earnings season. Bank of America and Wells Fargo posted lower quarterly profits and increased reserves to cover bad loans from their stressed energy portfolios. The results come a day after JPMorgan beat tempered expectations for first-quarter profit and revenue, fueling a rally on Wall Street.
  
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• UPDATE 4-Wells Fargo profit falls 7 pct as bad loan provisions surge

  14-04-2016 19:42
  
  * Income falls in all 3 businesses(Adds JPMorgan was the largest mortgage lender by revenue last
  quarter in paragraph 9; updates stock prices)
  
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• China’s Market News: New Policies, Old Concerns: Debt, Trade and Housing

  14-04-2016 18:51
  The plot thickens behind the first ever SOE default.
  
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• USD Hit by Soft CPI- NZD/USD Interest Declines Ahead of China GDP

  14-04-2016 18:30
  The USDOLLAR struggles to hold its ground following the soft CPI report, while open interest in NZD/USD declines ahead of China’s GDP reading.
  
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• Burberry and housebuilders hinder Britain's FTSE

  14-04-2016 18:13
  * Entertainment One surges on report of ITV interest(Recasts, adds detail and updates prices at close)
  
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• Wall Street treads water after bank earnings, data

  14-04-2016 17:31 via news.yahoo.com
  
  Bank of America and Wells Fargo posted lower quarterly profits and increased reserves to cover bad loans from their stressed energy portfolios. The results come a day after JPMorgan beat lowered expectations for first-quarter profit and revenue, fueling a rally on Wall Street. Shares of Bank of America were up 1.5 percent in choppy trading, while those of Wells Fargo fell 1 percent.
  
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• Analytical review of JPMorgan Chase & Co.'s shares

  14-04-2016 17:15 via liteforex.com
  Forex analytics: JPMorgan Chase & Co., #JPM [NYSE] Finances, Banking, USA Financial performanc: Index –DJIA, S&P 500; Beta – 1.65; Capitalization -212.84ВAssets profitability - 0.90%; Revenue - 22.41B; Average volume – 19.56 М; P/E - 9.64; ATR – 1.86 Analytical review: The company has the 4th biggest capitalization in the financial sector among the issuers listed on the US stock market. ...
  
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• Wells Fargo 1Q earnings fall as oil loans hit bottom line

  14-04-2016 16:33 via news.yahoo.com
  Wells Fargo's first quarter results fell 6 percent from a year ago, as the bank had to set aside more money to cover its struggling portfolio of oil and gas loans.
  
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• Stock markets hit pause button after big gains

  14-04-2016 16:28 via news.yahoo.com
  
  Investors hit the pause button on Europe's main stock markets and on Wall Street on Thursday despite gains elsewhere as they paused for breath following bumper gains earlier in the week. A day after hitting a 2016 high on strong Chinese trade data London's benchmark FTSE 100 index dipped 0.1 percent in cautious trade after the Bank of England said it was keeping its key lending rate at a record low 0.50 percent, where it has stood since March 2009. In addition to posting its unanimous decision t
  
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• MIDEAST STOCKS-Gulf rises after strong earnings, foreigners buy Egypt

  14-04-2016 16:19 via news.yahoo.com
  * Saudi bourse rises to three-month high * Most Saudi banks have beaten Q1 estimates so far * Omani telcos exceed expectations * Emaar jumps after says to drop Indian partnership * Egypt's OTMT tumbles on CI Capital acquisition hold-up By Celine Aswad DUBAI, April 14 (Reuters) - Gulf stock markets rose on Thursday after strong corporate earnings in Saudi Arabia and Oman, while Egypt climbed moderately as foreign investors accumulated shares. ...
  
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• Burberry update and housebuilders knock Britain's FTSE off 2016 high

  14-04-2016 16:10
  * Entertainment One surges on report of ITV interest(Adds detail and updates prices)
  
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• Wall St. flat after bank earnings, economic data

  14-04-2016 16:05 via news.yahoo.com
  
  (Reuters) - Wall Street was flat on Thursday as investors parsed earnings of big banks, while data pointed to strength in the labor market, despite sluggish economic growth.
  
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• LiteForex reduces spreads on world indices by more than twice

  14-04-2016 15:56 via liteforex.com
  
  LiteForex's News: The LiteForex broker is constantly looking for the best conditions and trading opportunities for its clients. To improve the quality of our services, we strive to find the best offers from liquidity providers and deliver the lowest competitive spreads. Today, we are proud to inform you that our spreads on World indices in REAL and ECN accounts have been reduced by more than twice in MetaTrader 4. ...
  
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• Big Test For Spoos, Big Test For the Markets

  14-04-2016 15:35
  S&P 500 trades at 4-month highs. Important resistance test beckons.
  
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• EUR/USD, USD/JPY Game Plan for the Weeks Ahead

  14-04-2016 15:25
  While USD/JPY has been in the midst of an aggressive trend, EUR/USD has begun to range. With FOMC and BoJ on deck in the next couple weeks, we look at how traders can approach each pair.
  
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• Wall St set for flat open as investors parse earnings

  14-04-2016 14:58 via news.yahoo.com
  
  U.S. stocks were little changed on Thursday as investors assessed quarterly earnings from big banks, while economic data pointed to strength in the labor market. Bank of America and Wells Fargo shares were down 1 percent each in premarket trading after the banks posted lower quarterly earnings. "We're looking at a flattish kind of market that is looking to grasp a positive theme and the banks haven't delivered this morning," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville
  
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• Bank of America hit by weak trading, provisions for energy loans

  14-04-2016 14:21 via news.yahoo.com
  
  Bank of America Corp, the No. 2 U.S. bank by assets, reported an 18 percent slide in quarterly profit on Thursday as its trading business was hit by concerns about a global economic slowdown and uncertainty about U.S. interest rates. Market volatility stemming from a slide in commodity and oil prices, worries about China's economy and uncertainty about interest rates hit trading activity globally in the quarter, particularly in January and February. The bank's revenue also fell short of Wall Str
  
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• GBP/USD Trades Lower Post BOE Rate Decision

  14-04-2016 14:10
  The GBP/USD is trading lower this morning, after the BOE left rates unchanged at 0.5%.
  
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• Entertainment One shares higher after rumoured ITV deal in works

  14-04-2016 14:02 via news.yahoo.com
  
  Shares in Canadian-based entertainment conglomerate Entertainment One were up 13 per cent on the stock market Thursday after a report suggested British TV channel ITV was considering buying the company. Entertainment One, or eOne as it is often called, makes some of its own content but is primarily a distributor of more than 40,000 television shows and movies including the rights to franchises The Hunger Games, the Walking Dead TV show and the Twilight saga. Last fall, t
  
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• Silver Prices Rest Below Critical Resistance Ahead of CPI Report

  14-04-2016 13:55
  The next significant level of resistance beyond the October high is the May high of $17.80.
  
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• GBP/USD Slightly Higher as BoE Opts For Status Quo, ’Brexit’ in Focus

  14-04-2016 13:53
  The British Pound rose before losing some ground versus other major currencies after the BoE kept rates unchanged by a unanimous decision
  
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• Lower hedge fund performance fees hurt BlackRock results - CEO

  14-04-2016 13:50 via news.yahoo.com
  NEW YORK (Reuters) - BlackRock Inc Chief Executive Officer Larry Fink said on Thursday that his company missed earnings expectations as Wall Street analysts were "anticipating higher per...
  
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• S&P500: short-term correction is possible

  14-04-2016 13:32 via liteforex.com
  Forex analytics: This week, the index S&P500 has again reached annual highs, regaining the losses incurred since the beginning of this year. The index has almost approached the highs of December 2015 at the level of 2108.0 (Only 250 points are left before reaching this level). The price is above the strong support level of 2000.0 (Fibonacci 61.8% to the decline since December 2015, ЕМА200, ЕМА144 on the ...
  
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• AUD/USD: At the local highs

  14-04-2016 12:19 via liteforex.com
  Forex analytics: The pair AUD/USD continues to grow in the ascending channel with the upper limit at the level of 0.7875 (Fibonacci 38.2% to the last wave of decline in the pair since July 2014). Today’s strong data on the Australian labor market added upward momentum to the pair.The pair is still above support level of 0.7510 (Fibonacci 23.6% and ЕМА200 on 4-hour chart). So, uptrend continues. On the ...
  
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• AUD/USD: Australian dollar is growing

  14-04-2016 12:11 via liteforex.com
  Forex analytics: The pair AUD/USD is going up today after the release of the Australian labor market data. It became known that unemployment rate in the country fell by 0.1% in March to 5.7% against the forecast of 5.9% and the level of 5.8% in February. New jobs increased by 26 100 against the forecast of 20 000 and the decline by 700 jobs in February. The Australian currency rose twice in the cross-pair AUD/NZD ...
  
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• DAX 30 Trades Just A Few Points Away From Critical Level

  14-04-2016 11:59
  German DAX 30 trades just a few points away from its March high
  
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• Global stocks mostly surge on Wall Street rally, China trade

  14-04-2016 11:48 via news.yahoo.com
  
  European shares were mixed Thursday despite a second day of strong gains in Asia, where investors were encouraged by an uptick in China's trade and Singapore's surprise easing of monetary policy. KEEPING ...
  
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• Gold, Oil Prices Top Out and Copper Price Eases on Broad USD Gain

  14-04-2016 10:11
  Commodity prices retreated overnight as the USD firmed up. Gold and oil topped out below 1-month highs while copper eased from a 2-week high
  
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• EUR/USD Weakness to Persist on Sticky U.S. Consumer Price Index (CPI)

  14-04-2016 10:00
  Sticky price growth in the world’s largest economy may spur further weakness in EUR/USD as it puts increased pressure on the Fed to raise the benchmark interest rate.
  
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• FTSE 100 Reaches Highest Level in 2016

  14-04-2016 09:54
  The FTSE 100 rally over the last 24 hrs. was motivated by Chinese exports which returned to growth and on JPMorgan reporting earnings which beat analysts’ expectations.
  
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• BUZZ-Riyad Bank rises after Q1 earnings beat

  14-04-2016 09:51 via news.yahoo.com
  ** Shares in Saudi Arabia's Riyad Bank rise 1.4 percent to 11.25 riyals ** The bank posted 0.2 rise in first-quarter net profit to 1.17 billion riyals ($321.3 million) ** Analysts polled by Reuters had on average forecast quarterly profit of 962.3 million riyals ** Of eight analysts polled by Reuters, one rates Riyad Bank "buy", four "hold" and three "sell" with median target price of 13.50 riyals ** Riyad Bank is sixth Saudi bank to report first-quarter earnings which have either topped or met
  
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• BUZZ-Yanbu Petrocehmical jumps on strong Q1 earnings

  14-04-2016 09:29 via news.yahoo.com
  ** Shares in Yanbu National Petrochemicals (Yansab) jump 4.2 percent to 42.70 riyals ** Company reported 41 percent jump in net profit to 401.9 million riyals ($107.2 million), beating analysts' average forecast of 310.8 million riyals ** Attributed increase to lower feedstock costs and higher operating efficiency ** Of 14 analysts polled by Reuters, 10 rate stock "buy" and rest "hold" with average target price of 41.55 riyals ** Saudi Arabia's stock index edges up 0.1 percent (Reporting by Celi
  
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• BUZZ-Omani telecoms gain as earnings beat forecasts

  14-04-2016 09:07 via news.yahoo.com
  ** Shares in Oman Telecommunications (Omantel) rise 0.6 percent to 1.60 rials, Ooredoo Oman up 2.8 percent to 0.74 rial ** Omantel reported 0.6 percent rise in first-quarter net profit to 34.8 million rials ($90.6 million); analysts at EFG Hermes and Gulf Baader Capital Markets had forecast 29.37 million rials and 27.9 million rials ** Of five analysts polled by Reuters, Omantel is rated "buy" by two and "hold" by three with average target price of 1.76 rials ** Ooredoo Oman made quarterly net p
  
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• Asian stocks surge, buoyed by Wall Street rally, China trade

  14-04-2016 08:17 via news.yahoo.com
  
  MANILA, Philippines (AP) — Asian stocks surged Thursday in a second day of solid gains, buoyed by rallies on Wall Street and European markets, an uptick in China's trade and Singapore's unexpected easing of monetary policy.
  
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• MIDEAST STOCKS-Gulf bourses may be firm as company earnings top forecasts

  14-04-2016 07:45 via news.yahoo.com
  DUBAI, April 14 (Reuters) - Gulf bourses may remain generally firm on Thursday as companies' first-quarter results continue to come in above analysts' forecasts and as the Brent oil price stays above $43 a barrel. Saudi Arabia's index, last at 6,442 points, faces technical resistance on the March peak of 6,525 points. Yanbu (Yansab), the second petrochemical firm to announce results this season, reported a 41 percent jump in net profit to 401.9 million riyals ($107.21 million), beating analysts'
  
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• Asian markets follow Wall St to extend rally

  14-04-2016 05:21 via news.yahoo.com
  
  Asian stock markets rallied for a second straight session Thursday, tracking gains in New York where traders cheered surprisingly upbeat earnings from Wall Street titan JPMorgan Chase. Analysts said a shock decision by Singapore to loosen monetary policy had also provided a lift to sentiment and sent the island state's currency tumbling. The news provided strong support for the financial sector, with all three main New York indexes ending more than one percent higher.
  
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• AUD/USD Unable to Hold Gains Despite a Solid Jobs Report

  14-04-2016 05:07
  The Australian Dollar initially edged higher against its major counterparts after Australia released a better-than-expected employment report which decreased RBA rate cut expectations.
  
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• IMF Sees Increased Financial Stability Risks Since October 2015

  14-04-2016 04:48
  The International Monetary Fund released its Financial Stability Report and noted higher levels of risks since its last report in October 2015.
  
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• Calif. university spent $175,000 to counter negative Internet posts: newspaper

  14-04-2016 03:46 via news.yahoo.com
  A California university has paid consultants at least $175,000 to counteract the effects of negative Internet posts about the school and its chancellor after campus police sparked outrage in 2011 by pepper-spraying student protesters, the Sacramento Bee reported on Wednesday. The incident led the University of California, Davis, to replace its police chief and briefly thrust the campus near the state capital, Sacramento, to the forefront of national anti-Wall Street demonstrations. UC Davis rele
  
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• Indexes gain at least 1 percent as financial shares lead

  14-04-2016 02:56 via news.yahoo.com
  
  Wall Street rallied for a second straight day on Wednesday, led by gains in beaten-down financial shares after JPMorgan's quarterly results. The S&P 500 finished at its highest level in more than four months, while the Nasdaq registered its highest close of the year and the Dow industrials touched a more than five-month high. JPMorgan , the No. 1 U.S. bank by assets, reported a quarterly profit that topped low market expectations.
  
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• Federal regulators investigating Wall Street Journal's 'living wills' story

  14-04-2016 01:41 via news.yahoo.com
  The Federal Reserve and Federal Deposit Insurance Corporation are investigating how the Wall Street Journal came to report that the two agencies were giving failing grades to some U.S. banks' "living wills" the day before the regulators officially announced their determinations. A Fed spokesman, Eric Kollig, confirmed on Wednesday that the U.S. central bank has asked its inspector general, its internal watchdog, to check how the news outlet was able to report on Tuesday that at least half of the
  
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• Verizon bets on Armstrong, M&A savvy in Yahoo bid

  14-04-2016 00:11 via news.yahoo.com
  
  By Malathi Nayak NEW YORK (Reuters) - Verizon Communications Inc is the clear favorite in the upcoming bidding for Yahoo Inc's core Internet business, according to Wall Street analysts, in large part because the telecommunications company's efforts to become a force in Internet content have gone relatively well under the leadership of AOL Inc Chief Executive Tim Armstrong. Verizon acquired AOL last June for $4.4 billion - its first big foray into the advertising-supported Internet business - and
  
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• Global stocks rally on China data, JPMorgan earnings

  14-04-2016 00:03 via news.yahoo.com
  
  International stocks rallied Wednesday following strong Chinese trade data and solid JPMorgan Chase earnings that lifted global banking shares.
  
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