Analyst news

• M&A slowdown clouds Wall Street view on stocks

  03-05-2016 22:48 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Worldwide merger deals have declined sharply from the frenetic pace that pushed them to record levels in 2015, a sign that could reflect broader weakness in the U.S. economy and vulnerability for U.S. stocks. Previous merger and acquisition activity bursts peaked in 2000 and 2007 and preceded big stock sell-offs. The number of deals is down 13 percent, as expectations of higher interest rates and more government regulation is making mergers seem more expens
  
  Read more

• Political ads and Super Bowl boost CBS in first quarter

  03-05-2016 22:40 via news.yahoo.com
  
  (Reuters) - CBS Corp, the owner of the most-watched U.S. TV network, reported a 10 percent rise in quarterly revenue, beating Wall Street estimates, as the U.S. presidential campaign and Super Bowl broadcast boosted spending on advertising. The New York-based company, whose earnings also handily beat expectations, said on Tuesday that advertising revenue jumped 31.3 percent in the first quarter ended March 31. "Advertising is poised for even more growth in the back half of the year as political
  
  Read more

• Wall Street loses ground on growth fears, oil slide

  03-05-2016 22:32 via news.yahoo.com
  
  U.S. stocks fell on Tuesday after weak economic data in China and Europe reignited worries about global growth, while oil prices dropped for a second day, dragging down energy shares. Bucking the day's trend, Apple rose 1.6 percent to $95.18, breaking an eight-session streak of losses. Activity in China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed.
  
  Read more

• Corporate earnings keep falling, but there are signs of life

  03-05-2016 21:56 via news.yahoo.com
  
  NEW YORK (AP) — Are we there yet? It's another weak quarter on Wall Street, but there are some signs corporate America will come out of its recent funk.
  
  Read more

• Advertisement

• Wall Street declines on growth fears, oil slide

  03-05-2016 21:30 via news.yahoo.com
  
  U.S. stocks fell on Tuesday after weak economic data in China and Europe reignited worries about global growth, while oil prices dropped for a second day, dragging down energy shares. Activity in China's factories shrank for 14 straight months in April as demand stagnated, a private survey showed. U.S. oil prices settled down 2.5 percent as rising output from the Middle East renewed concerns about global oversupply.
  
  Read more

• China’s Market News: Landmark Tax Reform Unleashed to Support Private Sectors

  03-05-2016 20:52
  Chinese authorities have been actively supporting numerous sectors in the Chinese economy of recent with various fiscal and monetary policies.
  
  Read more

• UPDATE 1-Canadian Western Bank sets aside more money for loan losses

  03-05-2016 20:35
  
  May 3 (Reuters) - Canadian Western Bank's shares
  fell as much as 12 percent after the lender said it set aside
  more money to cover bad loans to oil companies.
  
  Read more

• Wall Street values Tesla Motors at $620,000 per car

  03-05-2016 20:17 via news.yahoo.com
  
  Company founder and CEO Elon Musk may not mention Tesla Motors Inc's stock price when his electric car company gives its latest financial update on Wednesday, but it will be front and center for investors divided over its seemingly rich valuation. After a rally that ended in April, Tesla's market capitalization is currently about $31 billion - equivalent to $620,000 for every car it delivered last year, or $63,000 for every car it hopes to produce in 2020. By comparison, General Motors Co's $48
  
  Read more

• Advertisement

• Dismal New Zealand Employment Report to Open Downside NZD/USD Targets

  03-05-2016 20:15
  New Zealand’s 1Q Employment report may spur a bearish reaction in NZD/USD should the figures highlight a deterioration in labor-market dynamics.
  
  Read more

• UPDATE 2-Nigerian stocks hit 5-week high on MSCI index news

  03-05-2016 19:57
  
  LAGOS, May 3 (Reuters) - Nigerian stocks climbed to a
  five-week high on Tuesday after index provider MSCI said it
  would not change the status of Nigerian securities on its
  frontier index.
  
  Read more

• NZD/USD Fails at 2016 High Ahead of Labor Report- Bearish Sub 7025

  03-05-2016 19:44
  Kiwi has reversed sharply at the 2016 high ahead of tonight’s New Zealand Labor Report. Here are the updated targets & invalidation levels that matter.
  
  Read more

• Wall Street down sharply amid growth fears, oil slide

  03-05-2016 19:17 via news.yahoo.com
  
  Wall Street was sharply lower in afternoon trading on Tuesday, with all 10 major S&P sectors in the red, after weak economic data out of China and Europe rekindled fears of a slowing global economy. Activity at China's factories shrank for 14 straight months in April as demand stagnated, a private survey showed. Oil prices dropped about 2 percent as rising output from the Middle East renewed concerns about global oversupply.
  
  Read more

• Wall St. down sharply amid growth fears, oil slide

  03-05-2016 19:03 via news.yahoo.com
  
  Activity at China's factories shrank for 14 straight months in April as demand stagnated, a private survey showed. Oil prices dropped about 2 percent as rising output from the Middle East renewed concerns about global oversupply. The CBOE Volatility index , often called Wall Street's fear index, rose 9.2 percent to 16.03.
  
  Read more

• Saudi working on SME bourse rules for early 2017 launch - bourse chief

  03-05-2016 18:20 via news.yahoo.com
  Saudi Arabia is working to finalise the rules for a new stock market dedicated to small and medium-sized businesses that it expects to launch early in 2017, the chief executive of Tadawul, the kingdom's bourse, said on Tuesday. Tadawul announced last month that it planned to open the new exchange next year in a bid to improve access to capital and encourage better corporate governance. Saudi Arabia's economy is dominated by family businesses, many of whom have been reluctant to go public in the
  
  Read more

• NZD/USD Carves Double-Top; USDOLLAR Forms Bullish-Engulfing

  03-05-2016 17:45
  The near-patters in NZD/USD raises the risk for a further decline, while the USDOLLAR stands at risk for a larger rebound.
  
  Read more

• Wall Street drops more than 1 pct as growth fears resurface

  03-05-2016 17:42 via news.yahoo.com
  
  Wall Street was sharply lower, with the three major indexes falling more than 1 percent in late morning trading on Tuesday, after weak economic data out of China and Europe rekindled fears of a slowing global economy. Activity at China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed. Adding to the downward pressure, oil prices dropped about 2 percent as rising output from the Middle East renewed concerns about global oversupply.
  
  Read more

• Wall Street drops more than 1 percent as growth fears resurface

  03-05-2016 17:31 via news.yahoo.com
  
  Activity at China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed. Adding to the downward pressure, oil prices dropped about 2 percent as rising output from the Middle East renewed concerns about global oversupply. "We are reacting to the negative news overnight from China and Europe, and investors are waiting for the jobs data," said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh.
  
  Read more

• USD/CAD Outside Day Reversal Off Key Support- Long Scalps in Play

  03-05-2016 17:26
  USDCAD has responded to critical support with today’s price action shifting the near-term focus higher. Here are the updated targets & invalidation levels that matter.
  
  Read more

• CVS Health tops Street 1Q forecasts

  03-05-2016 17:20 via news.yahoo.com
  
  NEW YORK (AP) — Specialty drugs and retail expansions boosted CVS Health's first-quarter revenue by 18.9 percent, helping to offset higher costs and push results above Wall Street expectations.
  
  Read more

• U.S. April auto sales on pace for monthly record; fear sales peaking

  03-05-2016 16:45 via news.yahoo.com
  
  U.S. auto sales in April were on course to set a new high for the month on Tuesday, with the industry also on pace to top the annual record set last year. General Motors Co estimated the seasonally adjusted annualized rate for April auto sales will be 17.6 million vehicles, more than the 17.5 million vehicles expected by analysts polled by Reuters. Many Wall Street analysts say the U.S. auto market is close to a cyclical peak and will begin to weaken.
  
  Read more

• Nigerian stocks hit 5-week high on MSCI index news

  03-05-2016 16:37 via news.yahoo.com
  
  Nigerian stocks climbed to a five-week high on Tuesday after index provider MSCI said it would not change the status of Nigerian securities on its frontier index. MSCI last month said it would consult investors on the ease of access to the Nigerian stock market in the wake of currency controls introduced last year which could have led to it removing Nigeria from its frontier index. Nigeria's stock market, which has the second-biggest weighting behind Kuwait on the MSCI frontier index, gained 3.2
  
  Read more

• UPDATE 1-Nigerian stocks hit 5-week high on MSCI index news

  03-05-2016 16:30
  
  LAGOS, May 3 (Reuters) - Nigerian stocks climbed to a
  five-week high on Tuesday after index provider MSCI said it
  would not change the status of Nigerian securities on its
  frontier index.
  
  Read more

• Nigerian stocks rise to 5-week high as MSCI keeps Nigeria on its frontier index

  03-05-2016 16:05 via news.yahoo.com
  
  Nigerian stocks climbed 3.3 percent to a five-week high on Tuesday after index provider MSCI said will not implement changes for any Nigerian securities in its frontier market index following feedback from investors. MSCI said last month it would seek feedback from investors on the ease of access to the Nigerian stock market in the wake of currency controls introduced last year which could lead to it removing Nigeria from its frontier market index.
  
  Read more

• Wall St opens lower as global growth fears reemerge

  03-05-2016 15:52 via news.yahoo.com
  
  REUTERS - Wall Street opened lower on Tuesday as weak Chinese economic data and a surprise rate cut by the Australian central bank raised concerns about the health of the global economy. The Dow Jones industrial average fell 50.75 points, or 0.28 percent, to 17,840.41, the S&P 500 lost 9.05 points, or 0.43 percent, to 2,072.38 and the Nasdaq composite dropped 34.65 points, or 0.72 percent, to 4,782.95. (Reporting by Tanya Agrawal; Editing by Anil D'Silva)
  
  Read more

• CAC 40 Tests Support as European Equities Slide

  03-05-2016 15:25
  European equities markets are trading lower this morning, with the CAC 40 trading down -1.57%.
  
  Read more

• The Dollar Has Finally Caught a Bid, but How Long Might This Last?

  03-05-2016 15:21
  Another Central Bank makes another dovish move, but will this be enough for the recent bout of USD weakness to finally abate?
  
  Read more

• Pakistan shares end higher; rupee stable, o/n rate up

  03-05-2016 15:10
  
  KARACHI, May 3 (Reuters) - Pakistani stocks ended higher on
  Tuesday led by banks and on gains in shares of Oil and Gas
  Development Co Ltd, dealers said.
  
  Read more

• New drugs help sparkling Pfizer results; company raises 2016 forecasts

  03-05-2016 15:07 via news.yahoo.com
  
  Global company sales jumped 20 percent to $13 billion, which was $1 billion more than Wall Street had expected. Pfizer said sales would be hurt in the fourth quarter of 2016, however, when those added days will be offset by fewer days. Credit Suisse analyst Vamil Divan said the results were impressive, with most drug categories beating sales expectations.
  
  Read more

• Global stocks slide as yen, euro gains question policy thrust

  03-05-2016 14:00 via news.yahoo.com
  
  By Jamie McGeever LONDON (Reuters) - The dollar slid to its lowest against major currencies in well over a year on Tuesday, a move led by further gains in the yen that threw an uncomfortable spotlight on central banks' attempts to boost growth through aggressive policy easing. Australia's central bank joined the growing line of those adding stimulus, surprising many investors by cutting interest rates to a record low of 1.75 percent. Almost every other major stock market around the world fell.
  
  Read more

• Analytical review of the stocks of Procter & Gamble Company of 03.05.2016

  03-05-2016 13:59 via liteforex.com
  Forex analytics: The Procter & Gamble Company, #PG [NYSE] Consumer goods, Hygiene products, USAFinancial performance of the company: Index – DJIA, S&P 500; Beta – 0.47;Capitalization – 222.13 В; Return on asset – 6.30%; Income - 8.43 B; Average volume – 10.17 М; P/E - 27.11; ATR – 1.40. Analytical review:The company ranks the second on capitalization in the sector of “Consumer goods” among ...
  
  Read more

• Silver Prices Give Back Some of Last Week’s Gains

  03-05-2016 13:58
  Silver prices were correcting against a multi-day bullish trend at the time of writing.
  
  Read more

• Saudi plans stock market reforms to draw foreign money

  03-05-2016 13:55 via news.yahoo.com
  * Gulf stock markets: http://link.reuters.com/cun29t * Higher foreign ownership cap of 10 pct for single investors * Some other restrictions scrapped, requirements eased * Signals push for foreign money under economic reform plan * Could facilitate listing of Saudi Aramco * But little joy in stock market, impact to be slow By Andrew Torchia DUBAI, May 3 (Reuters) - Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smo
  
  Read more

• Pfizer tops Street 1Q forecasts on higher sales, lower taxes

  03-05-2016 13:44 via news.yahoo.com
  
  Pfizer easily beat Wall Street expectations for the first quarter as the biggest U.S. drugmaker's net income jumped 27 percent due to higher sales and a lower tax bill. The company raised its 2016 financial forecasts, citing its strong operational performance in the quarter and an improved business outlook.
  
  Read more

• Risk FX Souring Quickly Ahead of Key US Data, Fed Speakers

  03-05-2016 13:43
  The components of the USDOLLAR Index aren't moving in tandem - the disparity between risk FX and safe havens is evident.
  
  Read more

• Britain's FTSE falls as mining stocks and HSBC lose ground

  03-05-2016 13:36 via news.yahoo.com
  * FTSE 100 some 13 pct below April 2015 record high (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 for site in development. LONDON, May 3 (Reuters) - Britain's top shares index fell on Tuesday, weighed down by weakness in the mining sector after poor data, with financial stocks also hit by a fall in HSBC following results. The blue-chip FTSE 100 index was down 1.1 percent at 6,171
  
  Read more

• US pre-open: Weaker open expected after China data

  03-05-2016 13:35 via news.yahoo.com
  (ShareCast News) - US futures pointed to a weaker open on Wall Street following disappointing Chinese manufacturing data.
  
  Read more

• Commerzbank first quarter earnings halve, shares slump

  03-05-2016 12:28 via news.yahoo.com
  
  Germany's Commmerzbank warned its investors to expect little from 2016 as it reported a steep drop in first-quarter earnings, sending its shares tumbling. "Is has become significantly more ambitious to reach the (1.06 billion euro) net profit seen in 2015," Chief Financial Officer Stephan Engels said told analysts. Martin Zielke took over from Blessing on May 1.
  
  Read more

• AUD/USD: the pair has declined by 2% after the interest rate decisions by RBA. Technical analysis of 03/05/2016

  03-05-2016 11:39 via liteforex.com
  Forex analytics: Review and dynamics Since mid-January when the pair was at the level of 0.6835, AUD/USD has grown by 14% up to the level of 0.7820, which was reached in the second half of April. The level of 0.7820 is crossed by Fibonacci 38.2% to the last wave of decline since July 2014. Significant rise in the national currency started to worry exporters, while RBA was the only large world’s bank, which did ...
  
  Read more

• GBP/USD Tumbles After Weak Markit/CIPS Manufacturing PMI

  03-05-2016 11:30
  The British Pound traded lower versus other major currencies after the April Markit Manufacturing PMI came below expectations
  
  Read more

• DAX 30 Slides, Caixin China PMI Manufacturing Disappoints

  03-05-2016 11:19
  The softest sectors are Basic Material and “Consumer, Cyclical” (Auto manufacturers and related firms), while Financials and Consumer, Non-cyclical are outperforming.
  
  Read more

• EUR/GBP Technical Analysis: Eyeing Resistance Above 0.79

  03-05-2016 10:51
  The Euro is attempting to rebuild upside momentum against the British Poundafter prices found support above the 0.77 figure.
  
  Read more

• EUR/USD Technical Analysis: Aiming to Extend Win Streak

  03-05-2016 10:36
  The Euro continues to push higher against the US Dollar, with prices poised to deliver the seventh consecutive day of gains.
  
  Read more

• AUD/USD: Reserve Bank of Australia has decreased key interest rate. Fundamental analysis of 03/05/2016

  03-05-2016 10:32 via liteforex.com
  Forex analytics: This morning RBA has decreased key interest rate for the first time since June 2015. The rate was lowered to 1.75%. Before this decision was taken, market participants’ opinion about this possibility was divided equally.Possibly the Central Bank decided to lower interest rate because of the weak inflation data released last week. Recall that base annual inflation amounted to 1.7% against the ...
  
  Read more

• Analytical review of the currency pair EUR/USD of 03.05.2016

  03-05-2016 10:01 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 1.1534; Daily range: 1.1448-1.1565;Opening: 1.1534; 52- week range: 1.0538-1.1713; Annual revenue: +2.97%; Change in % for the previous day: +0.54 Analytical review:Last week the Euro has grown by over 300 points against the USD. During yesterday’s session the price of Euro rose by 0.54%;Yesterday, important European statistics ...
  
  Read more

• BUZZ-Aberdeen: warns more EM pain to come after weak H1

  03-05-2016 10:00
  
  ** EM-focused Aberdeen Asset Management -7%, top
  FTSE midcap loser & on track for worst fall in over 3
  mnths
  
  Read more

• FTSE 100 Trades Lower Ahead of UK Manufacturing PMI

  03-05-2016 09:53
  The FTSE 100 (CFD:UK100) remains sluggish as the April low of 6060 supports price and the November 4 high of 6461 caps it.
  
  Read more

• BUZZ-Regus: strong start to year lifts shares

  03-05-2016 09:50
  
  ** Regus +2.5% & top gainer on the FTSE 350 support
  services index after office space supplier reports
  strong start to the year
  
  Read more

• BUZZ-RSA Insurance: hits 7-month high on Barclays upgrade

  03-05-2016 09:40
  
  ** Insurer RSA Insurance's shares rises as much as
  6.2% to its highest since Sept 2015; second-largest FTSE 100
  gainer
  
  Read more

• Pound May Rise on PMI Data, Fed-Speak to Inform Rate Hike Bets

  03-05-2016 09:38
  The British Pound may rise if April’s Manufacturing PMI data tops expectations. Comments from Federal Reserve officials sought to inform rate hike timeline speculation.
  
  Read more

• Banks, tech companies move on from bitcoin to blockchain

  03-05-2016 09:38 via news.yahoo.com
  
  By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - As a debate raged across the internet Monday over whether the mysterious founder of the bitcoin digital currency had finally been identified, executives at a major bitcoin conference in New York had a simple message: we've moved on. "If there is a 100 percent opportunity in the blockchain, bitcoin, or the currency, is only 1 percent of it," said Jerry Cuomo, vice president, Blockchain Technologies at International Business Machines Corp. "So there
  
  Read more

Follow @news_analyst on Twitter!