Analyst news

• Wall Street slumps as Disney and Macy's slam consumer shares

  11-05-2016 22:41 via news.yahoo.com
  
  The consumer discretionary index fell 1.98 percent, notching its worst day in three months, with all but three of its 88 components losing ground. The biggest drag on the Dow, Disney dropped 4.04 percent after it posted a rare earnings miss. Department store Macy's tumbled 15.17 percent to its lowest since 2011, while watch maker Fossil sank as much as 34 percent to a 2009 low after the two companies slashed their full-year forecasts.
  
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• Gold Prices: Morning Star on D1 Opens Door for Continuation

  11-05-2016 21:40
  If US Dollar weakness persists, Gold could catch another bid higher. And the Daily chart is showing a morning star formation that could prelude top-side resumption entries.
  
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• USD/CAD Technical Analysis: Time For Bulls To Prove Their Worth

  11-05-2016 20:20
  The Canadian Dollar has weakened for most of the month so far. Now, we’ve broken above the 34-DMA, but Intermarket Factors may push CAD higher.
  
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• WTI Crude Oil Price Forecast: Stock Drop Makes Oil Go Pop

  11-05-2016 20:00
  WTI Crude Oil (CFD: US Oil) Broke Out On Today’s EIA Inventory Data. Now, Traders Are Wondering How Optimistic They Should Be.
  
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• EUR/JPY Technical Analysis: Stuck in the Middle with Yen

  11-05-2016 19:54
  Macro trends in both the Euro and Yen are fairly messy (bad) at the moment, and the technicals aren't much cleaner. But recent price action levels may help define stance moving forward.
  
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• With a clunk, Macy's opens the retail earnings season

  11-05-2016 19:44 via news.yahoo.com
  
  Macy's is acknowledging that there will be no consumer splurge anytime soon. A gloomy holiday shopping season across the retail spectrum has seeped into a spring funk. And after some startling numbers ...
  
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• China’s Market News: Private Sector Bonds at High Risk in May

  11-05-2016 19:18
  Bond defaults have spread from private-owned companies to stated-owned enterprises. Chinese media warns that there could be more defaults coming in the month of May.
  
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• US open: Staples, Walt Disney weigh on Wall Street

  11-05-2016 19:03 via news.yahoo.com
  (ShareCast News) - Wall Street was in a sombre mood on Wednesday following poor numbers out of entertainment giant Walt Disney and after regulators blocked a merger between Office Depot and Staples, in ...
  
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• Weak earnings weigh on global stocks

  11-05-2016 18:41 via news.yahoo.com
  
  London (AFP) - Stocks across the world were mostly softer Wednesday as weak corporate earnings prompted profit-taking, but losses were limited by an oil price rally following surprisingly low US inventories.
  
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• Wall Street drops as Disney, Macy's lead rout in consumer stocks

  11-05-2016 17:39 via news.yahoo.com
  
  (Reuters) - U.S. stocks fell on Wednesday as weak earnings reports from Walt Disney, Macy's and Fossil reverberated across the consumer sector.
  
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• Analytical review of the stocks of Paper Company of 11.05.2016.

  11-05-2016 17:22 via liteforex.com
  Forex analytics: International Paper Company, #IP [NYSE]Consumer goods, Production of paper and packaging, USAFinancial performance of the company:Index – S&P 500;Beta – 1.55;Capitalization – 16.97 В;Return on asset – 3.20%;Income - 938.00 M;Average volume – 4.69 М;P/E - 18.51;ATR – 1.03.Analytical review:The company ranks the third on capitalization in the sector of ...
  
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• USD/JPY Advance Loses Steam Ahead of BoJ Minutes, BoP Report

  11-05-2016 17:12
  A widening current-account surplus paired with more of the same from the BoJ may spur a further decline in USD/JPY.
  
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• Wall Street drops as Disney, Macy's weigh on consumer stocks

  11-05-2016 16:13 via news.yahoo.com
  
  The stock was the biggest drag on the Dow, accounting for about 35 points of the index's 80 points fall. Macy's sank 7.8 percent to $34.14 after the department store operator slashed its full-year sales forecasts. All the 10 major S&P sectors were lower, with the consumer discretionary index's 1.38 percent fall leading the decliners.
  
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• Investcorp part-owned Leejam Sports picks Samba Capital for IPO -sources

  11-05-2016 16:10 via news.yahoo.com
  By Hadeel Al Sayegh and David French DUBAI, May 11 (Reuters) - Saudi Arabian sports and fitness business Leejam Sports Co is to hire Samba Capital to advise it on a stock market flotation in the kingdom, sources aware of the matter told Reuters. While no mandate has been signed yet, two sources said the investment banking arm of Samba Financial Group has been told that it will be awarded the contract to list around 30 percent of the firm. Much of the shares put up for sale will likely to come fr
  
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• MIDEAST STOCKS-Major Gulf markets edge up, weak earnings hit Egypt

  11-05-2016 15:45 via news.yahoo.com
  * Much Saudi activity focuses on smaller stocks * Dubai's Amlak climbs on Q1 earnings * Gulf Navigation falls despite Q1 profit rise * Abu Dhabi's TAQA slides on quarterly loss * Egypt's Palm Hills, GB Auto, EFG-Hermes fall on earnings By Andrew Torchia DUBAI, May 11 (Reuters) - Most major Gulf stock markets edged up on Wednesday, buoyed by an overnight rise in oil prices and U.S. bourses, while Egypt's market was hit by weak corporate earnings. Saudi Arabia's index closed 0.1 percent higher aft
  
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• AUD/USD: Indicators give sell signals. Technical analysis of 11/05/2016.

  11-05-2016 15:22 via liteforex.com
  Forex analytics: Review and dynamics Following decision to lower interest rate by RBA at the beginning of May, the pair fell by over 240 points. After the rise on 20 April to the level of (Fibonacci 38.2%), the pair fell by almost 490 points. The decline in the pair AUD/USD will continue.The pair has broken out important support levels of 0.7445 (Fibonacci 23.6%) and 0.7415 (ЕМА200, ЕМА144 on the daily ...
  
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• Large Gain in Dow Jones Industrial Average Presses Resistance

  11-05-2016 15:18
  Dow Jones faces resistance after popping higher on Tuesday. Though we are still in a corrective move, sentiment suggests another pop higher.
  
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• AUD/USD: will the pair continue to decline? Fundamental analysis of 11.05.2016.

  11-05-2016 15:17 via liteforex.com
  Forex analytics: Following the reduction in the interest rate to 1.75% in Australia at the beginning of the month, the pairAUD/USD fell by 240 points to date.Some economists believe that in view of the expectations of another decrease in interest rate, the pair will continue to decline; by the end of this month the pair may reach the level of 0.7000. However, yesterday, the pair grew up, returning to the ...
  
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• Has the US Dollar Set a Significant Bottom?

  11-05-2016 15:12
  The past three months have seen a big change-of-pace from the first six weeks of the year as risk aversion roiled markets. But with risk assets on their way back, does that mean a rate hike from the Fed is around the corner?
  
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• Wall Street set to open flat after Tuesday's rally; Disney weighs

  11-05-2016 15:01 via news.yahoo.com
  Wall Street was set to open little changed on Wednesday, a day after S&P 500 enjoyed its best day in two months and as Dow component Walt Disney reported a rare earnings miss. Disney shares were down 5.5 percent at $100.71 in premarket trading after the company's result missed expectations as advertising and subscriptions declined at ESPN. On Tuesday, the S&P 500 and Dow Jones notched their biggest daily percentage gain since March 11 and the Nasdaq its biggest since April 13, helped by
  
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• Silver Prices Catapult Higher Following A Softer Dollar

  11-05-2016 14:00
  Silver prices have gained almost 4% over the last 34 hours and, at the time of writing, also challenged the May 6 high of $17.56.
  
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• Global stocks fall, dollar eases back from two-week high

  11-05-2016 13:56 via news.yahoo.com
  
  By Jamie McGeever LONDON (Reuters) - A promising start to the week by stocks fizzled out on Wednesday after a series of disappointing earnings reports. Profit-taking hit the dollar after it reached a two-week high on Tuesday. Germany's DAX snapped a four-day winning streak and the broader FTSEuroFirst 300 index of leading European shares erased much of Tuesday's rise, which was the biggest in three weeks. U.S. futures pointed to a fall of around a third of one percent on Wall Street . Shares in
  
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• Futures dip a day after S&P rally; Disney weighs

  11-05-2016 13:38 via news.yahoo.com
  
  (Reuters) - U.S. stock index futures edged lower on Wednesday, a day after S&P 500 enjoyed its best day in two months and as Dow component Walt Disney reported a rare earnings miss.
  
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• DAX 30 Gives Back Some Of This Week’s Gains

  11-05-2016 11:59
  The trend since February is bullish, as price has been creating higher lows and higher highs since then. The most recent swing low of this bullish trend is last week’s low of 9739.
  
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• Yen Gains as Stocks Retreat, NZ Dollar Gains on RBNZ FSR Report

  11-05-2016 11:44
  The Japanese Yen rose as risk aversion swept financial markets while the New Zealand Dollar rose as the RBNZ opted against laying the groundwork for further rate cuts.
  
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• Owners of AR Packaging explore 500 million euro sale of business - sources

  11-05-2016 11:42 via news.yahoo.com
  FRANKFURT/LONDON (Reuters) - The owners of AR Packaging are working on a sale that could value the Swedish business at more than 500 million euros (395 million pounds), two sources familiar with the matter said. Finnish investor Ahlstrom Capital and Swedish private equity firm Accent have mandated Swedish bank SEB for a sale or stock market listing, one of the people said, adding that the latter option was now seen as the more likely for getting the value the two owners want. Ahlstrom, Accent an
  
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• Analytical review of the currency pair NZD/USD of 11.05.2016.

  11-05-2016 11:25 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 0.6763; Daily range: 0.6760-0.6826; Opening: 0.6763; 52- week range: 0.6233-0.7564;Annual revenue: -7.24;Change in % for the previous day: +0.44. Analytical review:Last week the NZD fell by over 200 points against the USD. During yesterday’s trading ...
  
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• S&P500: correction is expected; uptrend continues. Technical analysis of 11.05.2016.

  11-05-2016 11:18 via liteforex.com
  Forex analytics: Review and dynamics Since mid-April, when the index S&P500 had reached annual highs at the level of 2108.0, regaining all losses sustained from the beginning of the year, the index is undergoing correction in the ascending channel on the daily chart.Downward correction stopped last Friday after the release of US labor market statistics for April, which was weaker than expected. It became known ...
  
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• S&P500: American stock indices went up. Fundamental analysis of 11.05.2016.

  11-05-2016 11:06 via liteforex.com
  Forex analytics: Steady rise in price of oil on Tuesday triggered the rise of the US stock indices. Dow Jones Industrial Average rose by 222.44 points or by 1.3%, Nasdaq Composite – by 59.67 points or by 1.3%, S&P500 – by 25.70 points or by 1.2%. Recently, after sharp decline and recovery this year, daily change in stock indices was not big, in average it is not more than 1%. Therefore, yesterday’s rise has ...
  
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• London pre-open: Industrial production data in focus

  11-05-2016 10:00 via news.yahoo.com
  (ShareCast News) - Shares were being called to start the day little changes despite the strong performance put in overnight by Wall Street on the back of commodities, especially crude oil futures due to ...
  
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• FTSE 100 Is Little Changed Ahead Of Manufacturing Production

  11-05-2016 09:59
  It appears that price is trading sideways between last week’s low of 6054 and the April 9 high of 6177 and that the true bias of traders might reveal itself first on a break to the 6177-6054 range.
  
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• Jodie Foster mines human impact of financial risk in 'Money Monster'

  11-05-2016 09:41 via news.yahoo.com
  
  By Piya Sinha-Roy LOS ANGELES (Reuters) - When Jodie Foster wanted to explore the human relationship with technology and virtual intimacy in her latest directorial effort "Money Monster," she opted to use Wall Street as her setting and raise the dramatic stakes by holding George Clooney hostage. Sony Pictures' "Money Monster," premiering at the Cannes Film Festival this week and opening in U.S. theaters on Friday, sees Clooney play Lee Gates, a suave, showboating host of a money news TV program,
  
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• Zimbabwe backtracks from converting export earnings to euro, rand

  11-05-2016 09:38 via news.yahoo.com
  
  Zimbabwe's central bank on Tuesday said it would no longer convert half of all export earnings to euros and rand, backtracking from partial measures it introduced last week in a bid to ease an acute shortage of dollars. The Reserve Bank of Zimbabwe (RBZ) last week set priorities for imports, imposed limits on cash withdrawals and said it would convert export earnings to euros and rand to ease demand for dollars in the economy. The money would be credited into accounts of banks held with the cent
  
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• Concerns over weak global, domestic economy weigh on South African rand

  11-05-2016 09:29 via news.yahoo.com
  
  The South African rand traded a touch softer against the dollar on Wednesday, with lingering concerns about slowing global economic growth likely to keep it under pressure. The stock market opened slightly higher, with the benchmark Top-40 index
  
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• Gold Prices Digesting Oil-Linked Drop, Inventory Data Eyed Ahead

  11-05-2016 09:19
  Gold prices are digesting after oil-linked volatility helped trigger the largest drop in seven weeks. The weekly set of EIA crude inventory figures is in focus ahead.
  
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• Nikkei 225 Technical Analysis: 16,500 Level in Play

  11-05-2016 09:05
  The Nikkei 225 cleared the 16,500 resistance which might act as support for a follow-through move higher
  
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• BUZZ-Dubai's Amlak rises after Q1 earnings

  11-05-2016 09:00 via news.yahoo.com
  May 11 (Reuters) - ** Shares in Dubai's Islamic mortgage provider Amlak Finance rise 3.5 percent to 1.50 dirhams ** Company reported first-quarter profit jumped to 123 million dirhams ($33.5 million) from 6 million dirhams a year earlier ** Total revenue climbed to 363 million dirhams from 104 million dirhams, although rise was partly due to 134 million dirhams from partial sale of land projects, and revenue from financing business activity fell 27 percent ** Managing director Arif Alharmi predi
  
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• Oilfield services provider Wood Group forecasts lower FY earnings

  11-05-2016 08:56 via news.yahoo.com
  (Reuters) - Oilfield services provider John Wood Group Plc warned that full-year core earnings would be about 20 percent lower than the last year, as it had seen further margin pressure due to lower activity by customers. The company said the expected fall in EBITA was in line with analysts' current expectations, which it put at about $377 million, according a consensus it had compiled. John Wood reported EBITA of $470 million last year. (Reporting by Esha Vaish in Bengaluru; Editing by Sunil Na
  
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• Safaricom earnings lifted by mobile data and payment service

  11-05-2016 08:54 via news.yahoo.com
  
  By George Obulutsa NAIROBI (Reuters) - Kenya's mobile phone firm Safaricom said its full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 17 percent, lifted by revenue from its mobile data and M-Pesa mobile money service. The nation's top mobile operator, which is 40 percent owned by Britain's Vodafone, said earnings were expected to climb 7 to 10 percent this year. Full-year EBITDA to March 2016 was 83.1 billion shillings ($826.45 million), while the forecast
  
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• Asian stocks tread water on wary outlook; bonds firm

  11-05-2016 08:16 via news.yahoo.com
  
  By Saikat Chatterjee HONG KONG (Reuters) - Asian shares hovered near a two-month low on Wednesday, as investors shrugged off an overnight rally in global stocks and looked to bonds in the absence of signs of a sustainable recovery in China and other emerging markets. While strong March data out of China had raised hopes that its economy was turning the corner, mixed data so far in April and surging debt levels in a variety of industries has fuelled doubts about the sustainability of any recovery
  
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• ASX 200 Technical Analysis: Index Reverses After Setting 2016 High

  11-05-2016 07:40
  The ASX 200 posted a new high for the year and broke a 9-month range top before quickly reversing off resistance
  
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• Asia markets mostly up on revived confidence

  11-05-2016 06:56 via news.yahoo.com
  
  Asia stocks mostly rose on Wednesday following gains on Wall Street and Europe as a little confidence returns to trading floors after last week's sharp sell-offs. A jump in oil prices also helped energy firms as fears over the possible effects of Canada's wildfires on output abated, while emerging market currencies advanced on the back of demand for riskier investments. Markets in Europe and New York ended deep in positive territory on Tuesday following a better-than-expected Chinese inflation r
  
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• GBP/USD to Face Larger Recovery as U.K. Production Rebounds

  11-05-2016 06:00
  A meaningful rebound in U.K. Industrial & Manufacturing production may spur a larger recovery in GBP/USD as it raises the economic outlook for the region. 
  
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• Asia shares bounce on bright earnings, yen bruised

  11-05-2016 02:54 via news.yahoo.com
  
  By Hideyuki Sano TOKYO (Reuters) - Asian stocks pulled away from eight-week lows on Wednesday, a day after solid corporate earnings sparked a rally in global equities while the yen struggled amid intervention warnings from Tokyo in the wake of the currency's rapid rise. MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.4 percent in early trade, recovering from an eight-week low touched on Tuesday while Japan's Nikkei rose 1.0 percent. On Tuesday, MSCI's broad gauge of global
  
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• Bank of England Considering Contingency amid Brexit Fears

  11-05-2016 02:42
  Amid the ongoing debate in the UK over the exit from the EU, the Treasury and Bank of England have started to discuss contingencies.
  
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• Disney reports rare earnings miss, shares sink

  11-05-2016 01:26 via news.yahoo.com
  
  The home of Mickey Mouse got a boost from animated hit film "Zootopia" but it announced an exit from the console video game business as it dropped the Infinity title it launched less than three years ago. Shares of the world's best-known entertainment company fell more than 5 percent in extended trading. Investors are particularly focused on how ESPN, one of the strongest cable brands, weathers the storm.
  
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