Analyst news

• U.S. companies brighten their earnings outlook

  09-05-2016 23:58 via news.yahoo.com
  
  As companies share their expectations for coming months, the proportion of raised forecasts to those that are lowered is the healthiest it has been since 2011, according to Thomson Reuters data. Technology and healthcare sectors are leading the way with forecasts that are even rosier than those of most analysts, including from Adobe Stryker and Baxter International . Apple is the largest component of the S&P 500.
  
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• Sotheby's has quarterly loss, shares rise on outlook

  09-05-2016 23:16
  
  NEW YORK, May 9 (Reuters) - Sotheby's on Monday
  reported a first-quarter loss compared with a year-ago profit,
  as the international art auction house's sales plunged 35
  percent from record results a...
  
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• Higher health stocks and falling oil leave S&P 500 flat

  09-05-2016 22:49 via news.yahoo.com
  
  (Reuters) - Wall Street ended mixed on Monday after a rally in Allergan Plc and other healthcare companies offset a decline in energy shares.
  
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• UPDATE 1-Weak demand for Banana Republic, Old Navy weighs on Gap's results

  09-05-2016 22:44
  
  May 9 (Reuters) - Apparel retailer Gap Inc reported
  lower-than-expected quarterly sales at established stores, hurt
  by weak demand for its Banana Republic and Old Navy brands.
  
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• UPDATE 1-NewLink's pancreatic cancer therapy fails late-stage study

  09-05-2016 22:35
  
  May 9 (Reuters) - NewLink Genetics Corp said on
  Monday its experimental pancreatic cancer immunotherapy did not
  meet the main goal in a late-stage study, sending its shares
  tumbling 36 percent in...
  
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• Apparel retailer Gap's quarterly sales fall 6 percent

  09-05-2016 22:20
  
  May 9 (Reuters) - Apparel retailer Gap Inc reported
  a 6 percent fall in quarterly sales, hurt by weak demand for its
  Banana Republic and Old Navy brands.
  
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• Wall St. little changed as health offsets commodities

  09-05-2016 22:07 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street ended mixed on Monday after a rally in Allergan Plc and other healthcare companies offset a decline in energy and basic materials shares.
  
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• UPDATE 4-Redstone competence trial ends as judge tosses lawsuit

  09-05-2016 22:01
  
  LOS ANGELES, May 9 (Reuters) - Media mogul Sumner Redstone
  never set foot in the Los Angeles courtroom where his mental
  competency was on trial in recent days.
  
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• Wall Street mixed as energy falls, Allergan rallies

  09-05-2016 21:12 via news.yahoo.com
  
  (Reuters) - Wall Street was mixed on Monday, with declines in energy and materials stocks offset by a bounce in Allergan Plc and other healthcare companies.
  
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• UPDATE 3-Lending Club CEO resigns after internal probe, shares plummet

  09-05-2016 20:41
  
  May 9 (Reuters) - Renaud Laplanche, founder and chief
  executive of online lender Lending Club Corp, resigned
  after an internal probe found that the company had knowingly
  sold an investor $22 million...
  
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• WTI Crude Oil Price Forecast: Can It Hold Above $45?

  09-05-2016 20:30
  WTI Crude Oil (CFD: US Oil) continues to see flashes of bullish brilliance only to fail to hold the gains late into the session. Is this a sign of bull exhaustion?
  
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• AUD/USD Retail Sentiment Approaches Extreme Ahead of China CPI

  09-05-2016 19:50
  The retail FX crowd remains net-long AUD/USD ahead of key data prints coming out of China even as the pair fails to retain the upward trend from earlier this year.
  
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• Record Trend Following Long Position in Gold

  09-05-2016 19:03
  Trend followers hold the largest net long position in gold ever. Commercial hedgers have only been this short on 3 other occasions.
  
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• GBP/USD Technical Analysis: Trend in Question Ahead of Super Thursday

  09-05-2016 18:55
  The Cable has moved lower now for five consecutive days after setting a fresh 2016 high. Is this a blip in the trend, or a sign of what's to come?
  
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• US DOLLAR Technical Analysis: Was That a Double-Bottom in USD?

  09-05-2016 18:45
  So Far, the Seasonably Favorable Month of May Is Playing In Line With US Dollar Bullishness. Keep An Eye on These Levels.
  
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• China’s Market News: Chinese Authorities Address Stock, Commodities Plunge

  09-05-2016 18:26
  Both Chinese equities and commodities fell sharply on Monday. Commentary from the official Communist Party newspaper gave clues about these moves, as well as the outlook of Chinese financial markets over the following periods.
  
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• Health stocks help Wall Street limit losses as energy drags

  09-05-2016 18:08 via news.yahoo.com
  
  Wall Street was little changed in late morning trading on Friday as a bounce in healthcare shares struggled to offset declines in energy and materials stocks. A bigger-than-expected drop in China's imports and exports in April pointed to weak demand in the world's second-biggest economy and weighed on materials stocks. "It seems like the shadow of higher rates and weakening economy doesn't help stocks and that's what we are seeing," said Mohannad Aama, managing director of Beam Capital in New Yo
  
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• UPDATE 2-Healthcare REIT HCP to spin off troubled HCR ManorCare unit

  09-05-2016 18:06
  
  * HCP shares rise as much as 6.8 pct(Adds details, background)
  
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• Markets Right Now: Stocks are mixed on Wall Street

  09-05-2016 18:03 via news.yahoo.com
  
  NEW YORK (AP) — The Latest on Financial Markets (all times local):
  
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• Britain's FTSE ends lower as mining stocks slump

  09-05-2016 18:01
  
  LONDON, May 9 (Reuters) - Britain's top share index closed
  lower on Monday, extending its biggest weekly drop since
  February, as a slump in mining stocks outweighed a rally in
  travel and leisure...
  
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• USD/JPY Technical Analysis: Has It Bottomed?

  09-05-2016 17:45
  USD/JPY Has Moved Aggressively Higher From 105.53 In Early May. Is Dollar Seasonal Bullishness About To Take Over?
  
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• UPDATE 3-JD.com slower revenue growth forecast hits shares

  09-05-2016 17:14
  
  BENGALURU/BEIJING May 9 (Reuters) - Chinese online retailer
  JD.com forecast slower revenue growth for the second
  quarter on Monday, sending its shares tumbling more than 9
  percent even though its...
  
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• UPDATE 2-Tyson Foods beefs up profit forecast on strong cattle supply

  09-05-2016 17:13
  
  * Shares touch record high of $70.44(Adds detail from conf call, updates shares)
  
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• Wall Street opens flat as oil prices surrender gains

  09-05-2016 16:04 via news.yahoo.com
  
  (Reuters) - Wall Street was little changed on Monday after Friday's lackluster U.S. jobs report suggested the Federal Reserve will raise rates just once this year, while cautious investors allowed for only a short-lived rally in oil prices.
  
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• AUD/CAD Into Key Support- Monthly Opening Range In Focus

  09-05-2016 16:02
  AUDCAD has setup its monthly opening range just above a key technical support confluence. Here are the updated targets & invalidation levels that matter.
  
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• Is a Strong Dollar Going to Help Carve a Top in Oil Prices?

  09-05-2016 15:23
  Last week brought significant strength in the Greenback, and if this trend continues, that could spell trouble for the recent rally in Oil prices.
  
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• Wall Street set to open higher, interest rates in focus

  09-05-2016 15:14 via news.yahoo.com
  
  Wall Street was set to open slightly higher on Monday after Friday's lackluster U.S. jobs report suggested the Federal Reserve will raise rates just once this year. In the two weeks to Friday, mixed economic data and uncertainty about the path of future interest rate hikes had put a dampener on a stock market rally that had seen the S&P gain about 15 percent from its February lows. A Reuters survey following the jobs report showed that Wall Street's top banks have all but written off the cha
  
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• Saudi jewellery maker L'azurde gets regulator nod for listing - statement

  09-05-2016 14:41 via news.yahoo.com
  DUBAI, May 9 (Reuters) - Saudi Arabian gold and jewellery maker L'azurde will sell 30 percent of its shares in an initial public offering on the kingdom's bourse, the country's stock market regulator said on Monday. Retail investors will be able to subscribe for shares between June 5 to 13, after a bookbuilding process for institutional investors is completed, the regulator said. (Reporting by Hadeel Al Sayegh; Editing by David French)
  
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• South Africa's finmin says to talk with Fitch, S&P soon over credit rating

  09-05-2016 14:11 via news.yahoo.com
  
  By Stella Mapenzauswa JOHANNESBURG (Reuters) - South Africa will seek to convince Fitch and Standard and Poor's that the country is on the right economic track after fellow ratings agency Moody's decided not to downgrade its own rating, Finance Minister Pravin Gordhan said on Monday. Southern Africa's biggest economy won some breathing space ahead of interactions with Fitch and S&P in the next couple of weeks after Moody's on Friday said the country was "likely approaching a turning point af
  
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• Silver Prices Are Comfortably Trading Sideways

  09-05-2016 13:59
  Friday’s U.S. labor market report did little to end the stalemate in silver prices. Today, the $17.15 to $17.62 range is keeping silver prices trapped.
  
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• Risk Rebound Contingent on USD/JPY Rally Continuing

  09-05-2016 13:37
  The weaker Yen after Japan's Golden Week is providing relief to risk markets, particularly the German DAX and the US S&P 500.
  
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• Weekly review for 09-13.05.2016

  09-05-2016 13:21 via liteforex.com
  Forex analytics: Market expectations regarding new jobs in the USA outside agricultural sector (Non-Farm PayRolls) proved to be wrong.The number of new jobs in April was +160 000 against the forecast of 200 000 and the rise of 208 000 in March. Unemployment rate in the USA remained at the previous level of 5.0%. Following the release of the US Non-Farm PayRolls last Friday, the USD sharply fell against the ...
  
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• Slowing China, weak earnings weigh on European mining stocks

  09-05-2016 12:47 via news.yahoo.com
  A turn for the worse in Chinese economic data, sluggish earnings and rich valuations are proving a tough hurdle for European metals and mining stocks, putting at risk their position as the region's best ...
  
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• Sensex posts best gain in nearly four weeks on earnings growth

  09-05-2016 12:31 via news.yahoo.com
  
  RUETERS - Indian shares rose nearly 2 percent on Monday, posting their biggest single-day percentage gain in nearly four weeks, as a recent string of positive corporate results raised tentative hopes about an improving domestic economy. Sentiment was also boosted after a weaker-than-expected U.S. jobs report on Friday left some economists anticipating only one interest rate hike from the Federal Reserve this year. The broader NSE Nifty rose 1.71 percent to 7,866.05, while the benchmark BSE Sense
  
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• DAX 30: Short-term Squeeze Underway?

  09-05-2016 12:00
  Given the rapid rise that the DAX 30 experienced following Friday’s reversal (on the heels of a lower than expected NFP outcome), it appears that a short-squeeze is underway.
  
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• South Africa not envisaging downgrade from S&P and Fitch: minister

  09-05-2016 11:20 via news.yahoo.com
  South Africa's government does not expect a downgrade from ratings agency Fitch and Standard and Poor's, cabinet minister Jeff Radebe said on Monday, following Moody's decision not to downgrade the country's credit rating. Fitch and Standard & Poor's have Africa's most industrialised country just one notch above subinvestment grade, and are due to make their decbisions in June. Moody's issued a statement late on Friday that left its rating of South Africa's debt at Baa2, two levels above sub
  
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• XAU/USD: in the upward channel Technical analysis

  09-05-2016 11:17 via liteforex.com
  Forex analytics: Review and dynamicsBy the end of trades last Friday, June futures for gold at COMEX rose to the level of 1294.00 USD per ounce, increasing by 1.7%. Spot-price was at the level of 1287.00, increasing by 10 USD per ounce.Since the beginning of this year the price of gold has increased by almost 24%, from the level of 1048.00 USD per ounce due to uncertainty in the global financial market. The ...
  
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• Sentix Signaling Resilient Economic Expectations in The Euro-Zone

  09-05-2016 10:59
  Sentix Investor Confidence Index rose slightly to +6.2, with the report saying economic expectations remain unchanged in the Euro-Zone
  
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• South Africa's finmin says to interact with Fitch, S&P soon over credit rating

  09-05-2016 10:49 via news.yahoo.com
  
  South Africa had received some breathing space after Moody's decision not to downgrade the country's credit rating and will interact with Fitch and Standard and Poor's in the next couple of weeks, Finance Minister Pravin Gordhan said on Monday. Moody's left its rating of South Africa's debt at Baa2, two levels above subinvestment grade, but assigned a negative outlook, saying that risks to implementation of structural and fiscal reforms remained a factor. Fitch and Standard & Poor's have the
  
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• South Africa’s finmin says to interact with Fitch, S&P soon over credit rating

  09-05-2016 10:49 via rocketnews.com
  
  South African Finance Minister Pravin Gordhan reacts during a media briefing in Sandton near Johannesburg March 14, 2016. Picture taken March 14, 2016. REUTERS/Siphiwe SibekoMoreJOHANNESBURG (Reuters) – South Africa had received some breathing space after Moody’s decision not to downgrade the country’s credit rating and will interact with Fitch and Standard and Poor’s in the next couple of weeks, Finance Minister Pravin Gordhan said on Monday.
  “We developed a common
  
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• AUD/USD Technical Analysis: Waiting for Short Trade Setup

  09-05-2016 10:48
  The Australian Dollar resumed the descent against its US namesake after brief pause to consolidate, with sellers establishing a foothold below the 0.74 figure.
  
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• XAU/USD: The pair is likely to grow. Fundamental analysis

  09-05-2016 10:43 via liteforex.com
  Forex analytics: Last Friday, the USD sharply fell down after the release of the US NFPR for April, which was below expectations. The number of jobs outside agricultural sector fell by 160 000 in April against the forecast of +200 000 and the rise of 208 000 in March. Unemployment rate remained at the level of 5.0%. However, later on this day the situation had changed and at the closing session the USD was in the ...
  
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• FTSE 100 Bounced From a Major Support Level

  09-05-2016 10:14
  The FTSE 100 managed to end Friday on a bullish note from being sold earlier in the session and price briefly slipped below the April monthly low of 6060.
  
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• MIDEAST STOCKS-Gulf mixed; Air Arabia rises after earnings beat

  09-05-2016 10:13 via news.yahoo.com
  Shares in the Gulf were mixed in early trade on Monday as some investors cashed out of stocks that had recently risen, while Dubai-listed Air Arabia rose after a quarterly earnings beat. The food and agriculture index lagged other sectors, with heavyweight Savola Group dropping 1.0 percent. Saudi Basic Industries edged up 0.6 percent.
  
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• Sensex jumps over 1 percent on earnings growth, U.S. jobs report

  09-05-2016 09:51 via news.yahoo.com
  
  Sentiment was also boosted after a weaker-than-expected U.S. jobs report on Friday left some economists anticipating only one interest rate hike from the Federal Reserve this year. Meanwhile, oil prices jumped on Monday as a huge wildfire in Canada's oil sand region knocked out over a million barrels in daily production capacity, contributing to a significant tightening of markets over the past weeks. Also, earnings season so far has been fairly positive," said Gaurang Shah, vice president at Ge
  
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• GBP/USD: technical indicators recommend to open short positions. Technical analysis

  09-05-2016 09:39 via liteforex.com
  Forex analytics: Review and dynamics At the beginning of the month the pair GBP/USD had rebounded from resistance level of 1.4725 (ЕМА200 on the daily chart) broke out support level of 1.4625 (Fibonacci 38.2% to the decline from the level of 1.5230 since mid December 2015) and 1.4590 (ЕМА144 on the daily chart). Currently, the pair continues to decline. At the moment the pair is at support level of 1.4380 ...
  
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• US Dollar May Rise if Fed Comments Point to Tighter Job Market

  09-05-2016 09:38
  The US Dollar may rise if comments from Fed officials point to a tightening labor market in the wake of April’s payrolls data, boosting near-term rate hike bets.
  
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• GBP/USD: the pair will remain under pressure. Fundamental analysis

  09-05-2016 09:31 via liteforex.com
  Forex analytics: Although US data on NFPR for April was below the forecast (+160 000 new jobs against the forecast of 200 000 and the rise of 208 000 in March), the USD strengthened against the major currencies on Friday. Unemployment rate in the USA remained at the previous level of 5.0%. By the end of the trading day last Friday the pair GBP/USD fell by 50 points. exceed the target level of 2%.On Thursday ...
  
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• Nikkei 225 Technical Analysis: Index Finding Support at 15,800

  09-05-2016 09:05
  The Nikkei 225 appears to have found some support at 15,800 following a sharp move lower after the BoJ policy announcement at the end of April
  
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• MIDEAST STOCKS-Company earnings may support some Gulf markets

  09-05-2016 07:40 via news.yahoo.com
  Stock markets in the Gulf may gain support on Monday from some positive quarterly earnings, but Saudi Arabia's bourse may slip as local retail investors book recent gains. Meanwhile, United Arab Emirates budget carrier Air Arabia may find buying interest after reporting a 42.2 percent rise in first-quarter net profit. Kuwait's Agility, one of the largest Gulf logistics companies, may reported a 10.9 percent rise in first-quarter net profit.
  
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