Analyst news

• Viacom board votes to stop paying Sumner Redstone

  18-05-2016 23:21 via news.yahoo.com
  
  (Reuters) - Viacom Inc's board voted on Wednesday to stop paying 92-year-old controlling shareholder and Chairman Emeritus Sumner Redstone, according to a source familiar with the matter. Viacom had cut the total pay of its billionaire chairman, who also owns a majority stake in CBS , by 85 percent to $2 million last year. Redstone remains chairman emeritus, according to the Wall Street Journal, which first reported the pay cut. (http://on.wsj.com/1TpcXzZ) A representative for Viacom could not b
  
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• Viacom board votes to stop paying Sumner Redstone - WSJ

  18-05-2016 23:02 via news.yahoo.com
  
  (Reuters) - Viacom Inc's board voted on Wednesday to stop paying 92-year-old controlling shareholder and Chairman Emeritus Sumner Redstone, the Wall Street Journal reported, citing a person familiar with the matter. Viacom had cut the total pay of its billionaire chairman, who also owns a majority stake in CBS , by 85 percent to $2 million last year. Redstone remains chairman emeritus, the Journal reported, citing the person.
  
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• Hawkish Fed sends U.S. dollar soaring; bank stocks rally

  18-05-2016 22:54 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar touched a seven-week high against major currencies on Wednesday after the Federal Reserve signalled an interest rate rise could happen as soon as June, while stocks on Wall Street were buoyed by the resulting rally in bank shares. The Fed will likely raise interest rates in June if economic data points to stronger U.S. second-quarter economic growth along with higher inflation and employment, according to minutes from the U.S. central bank's
  
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• Bank shares buoy Wall Street as Fed signals possible June hike

  18-05-2016 22:37 via news.yahoo.com
  
  Officials from the U.S. central bank said it would be appropriate to raise interest rates in June if economic data points to stronger second-quarter growth as well as firming inflation and employment, according to the minutes. Following the release of the minutes, traders were projecting a 34 percent chance the Fed would raise rates in June, up from 15 percent on Tuesday, according to the CME FedWatch tool.
  
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• Wall St. ends flat after Fed minutes as banks rally

  18-05-2016 22:08 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street closed flat on Wednesday after a volatile session, buoyed by a rally in bank shares after the minutes from the Federal Reserve's April meeting signaled a potential near-term interest rate increase.
  
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• USD/CAD Technical Analysis: Can The Bulls Go The Distance?

  18-05-2016 21:50
  The Canadian Dollar has weakened for most of the month so far with Oil Rallying. Now, a US Dollar Rally Could Help Recoup Much of 2016 Losses.
  
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• April FOMC Minutes Show Growing Chances for June Rate Hike

  18-05-2016 21:29
  In the latest Federal Open Market Committee (FOMC) minutes, members weighed the possibility of a June rate hike as being “likely” given that economic data supported such action.
  
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• AUD/JPY Targets Support Ahead of Australian Employment Report

  18-05-2016 21:27
  The pair is in consolidation just above the 2016 low-day close at 78.82. Here are the updated targets & invalidation levels that matter heading into the release.
  
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• US DOLLAR Technical Analysis: Is a Weak Dollar Frustrating the Fed?

  18-05-2016 20:50
  Federal Reserve Presidents Find Themselves In An Unusual Position. They Now Appear More Bullish The US Dollar Than The Market.
  
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• U.S. dollar up on hawkish Fed; bank stocks rally

  18-05-2016 20:49 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar rose sharply against a basket of currencies on Wednesday after the Federal Reserve signalled an interest rate hike could happen as soon as next month, while stocks on Wall Street fell despite a rally in bank shares. The Fed will likely raise interest rates in June if economic data points to stronger second-quarter growth as well as firming inflation and employment, according to minutes from the U.S. central bank's April policy meeting. Earli
  
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• Wall Street turns negative as Fed signals June rate hike possible

  18-05-2016 20:18 via news.yahoo.com
  
  (Reuters) - Wall Street turned negative on Wednesday after minutes from the Federal Reserve's April policy meeting showed the U.S. central bank will likely raise interest rates in June if supported by economic data.
  
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• Issue resolved at NYSE, some orders canceled: exchange

  18-05-2016 20:08 via news.yahoo.com
  
  The New York Stock Exchange said on Wednesday a critical technical issue that disrupted trading in nearly 200 ticker symbols had been resolved. Nasdaq and Bats Global Markets declared "self-help" against the NYSE, which occurs when another exchange is dealing with internal problems processing trades and orders are routed through alternate venues. "Orders just get routed to the exchanges where they can trade," said Ken Polcari, director of the NYSE floor division at O’Neil Securities from t
  
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• Wall Street higher as bank stocks jump ahead of Fed minutes

  18-05-2016 19:46 via news.yahoo.com
  
  The minutes from the Federal Reserve's April meeting, scheduled to be released at 2 p.m. ET (1800 GMT), could give clues on the path of rate hikes. "There may be some nugget in the minutes that confirms what two Fed governors mentioned yesterday," said Mark Lucchini, chief investment strategist at Janney Montgomery Scott in Philadelphia. Dallas Fed President Robert Kaplan said on Tuesday he will advocate for a hike in June or July.
  
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• Veneto Banca cash call pre-marketing to start Friday - sources

  18-05-2016 19:31 via news.yahoo.com
  MILAN (Reuters) - Pre-marketing of Veneto Banca's cash call of up to one billion euros (0.75 billion pounds) will start on Friday, two sources familiar with the matter said on Wednesday. Last week, sources said the pre-marketing had been delayed by one week due to technical reasons. Veneto Banca is looking to raise money in a stock market listing to fill a capital shortfall identified by European Central Bank supervisors, and avoid the risk of being wound down. (Reporting by Maria Pia Quaglia an
  
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• USD/JPY Technical Analysis: Isn’t This What We’ve Been Waiting For?

  18-05-2016 19:15
  3-Week Highs In USD/JPY Have Bulls On High-Alert. This Technical Development Align With The Potential For A Fundamental Shock Too.
  
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• China’s Market News: Top Officials Released Detailed Reform Targets

  18-05-2016 18:49
  China’s State Council released the supply-side reform plans for the next two years. This is expected to bring significant impact to Chinese manufacturing firms.
  
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• European stock markets recover, boosted by banks

  18-05-2016 18:33 via news.yahoo.com
  European stock markets recovered from a weak start on Wednesday, with a rally in banks and a rebound on Wall Street helping to counteract some weak corporate earnings from companies including Switzerland's ...
  
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• GBP/JPY Rally Eyeing Near-term Resistance Targets

  18-05-2016 18:16
  The immediate long-bias is at risk ahead of UK retail sales, but the focus remains higher in the pair. Here are the updated targets & invalidation levels that matter.
  
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• U.S. dollar up on hawkish Fed view; banks boost stock indices

  18-05-2016 17:59 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - The U.S. dollar rose to a three-week high on Wednesday on heightened expectations that the Federal Reserve will raise rates earlier or more times than anticipated this year, while stocks on Wall Street rose led by financial shares. Markets have priced in one interest rate hike from the Fed before the end of the year, but this week's U.S. inflation data and a more hawkish tone from several Fed policymakers have led to analysts now seeing the Fed more likely
  
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• Some NYSE trades rerouted after technical issue

  18-05-2016 17:54 via news.yahoo.com
  
  NEW YORK (Reuters) - The New York Stock Exchange on Wednesday said it was experiencing a critical technical issue that sent trading to other exchange venues in a subset of ticker symbols.
  
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• GBP/USD Clears Near-Term Range Ahead of U.K. Retail Sales Report

  18-05-2016 17:30
  The near-term break out in GBP/USD may gather pace as the U.K. Retail Sales report is expected to highlight a rebound in household consumption.
  
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• Wall Street turns higher as bank stocks offset retail shares

  18-05-2016 17:20 via news.yahoo.com
  
  (Reuters) - Wall Street reversed course to trade slightly higher on Wednesday as the prospect of higher interest rates sent financial stocks up, offsetting a fall in retail shares.
  
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• Ex-JPMorgan, Citi FX sales employees sue banks

  18-05-2016 16:57 via news.yahoo.com
  
  By Anjuli Davies LONDON (Reuters) - A former London-based JPMorgan foreign exchange sales person is suing the Wall Street bank for unfair dismissal, according to a court filing released on Wednesday. Patrice Ktorza is scheduled to appear at the Stratford Employment Tribunal on June 1. In a separate case, Nihel Bensenane, who still works in foreign exchange sales at Citi based in London, is suing the bank for sexual discrimination and unequal pay, a court filing said.
  
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• Wall Street lower as retail shares weigh; U.S. Fed minutes eyed

  18-05-2016 16:27 via news.yahoo.com
  
  Wall Street opened lower on Wednesday as a fall in retail shares weighed ahead of the release of minutes from the Federal Reserve's April meeting. Shares of Target were down 8.3 percent at $67.50 after its quarterly sales missed expectations. Dow-component Wal-Mart Stores, which reports results on Thursday, was also down 3 percent at $63.10.
  
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• The CAC 40 Consolidates for 10th Session

  18-05-2016 15:55
  The CAC 40 remains relatively unchanged as markets await the release of FOMC meeting minutes.
  
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• MIDEAST STOCKS-Egypt lifted by foreign money; Gulf bourses lose steam

  18-05-2016 15:54 via news.yahoo.com
  * Foreign funds boost Egypt's bourse for second straight day * Saudi shares slip in final hour, banks weak * Advanced Petrochemical, Sipchem gain 2 pct on positive news * Property sector weighs on Abu Dhabi * National Bank of Kuwait gains on first day of new rights issue By Celine Aswad DUBAI, May 18 (Reuters) - Foreign funds boosted the Egyptian stock market for a second straight day on Wednesday, exchange data showed, while Gulf bourses lost steam as investors took profits. Cairo's main index
  
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• The US Dollar is Telling a Tale of Two Trends

  18-05-2016 15:23
  The directional movement in the US Dollar continue to be a predominant theme across global markets; and at this stage, it could break in either direction.
  
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• Wall Street set to open lower ahead of Fed minutes

  18-05-2016 15:21 via news.yahoo.com
  
  Wall Street looked set to open lower on Wednesday as a fall in Target's shares weighed on futures ahead of the release of minutes from the Federal Reserve's April meeting. Shares of Target were down 7.4 percent at $68.20 in premarket trading after its quarterly sales missed expectations. Dow-component Wal-Mart Stores, which reports results on Thursday, was also down 3.2 percent at $63.
  
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• Analytical review of the stocks of Home Depot Inc. of 18.05.2016

  18-05-2016 14:46 via liteforex.com
  Forex analytics: The Home Depot Inc., #HD [NYSE] Services Retail, USA Financial performance of the company: Index – DJIA, S&P 500; Beta – 0.91;Capitalization – 165.39 В; Return on asset - 16.20%; Income - 6.34 B; Average volume – 6.14 М; P/E - 23.85; ATR – 2.62. Analytical review:The company ranks the fourth on capitalization in the sector of “Service” among the issuers traded in the American ...
  
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• Silver Prices Slide Ahead of FOMC Minutes

  18-05-2016 14:07
  Silver prices declined over the last 24 hours as expectations of a Fed rate hike in 2016 increased.
  
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• US pre-open: Stocks seen flat as investors eye Fed minutes

  18-05-2016 13:12 via news.yahoo.com
  (ShareCast News) - US futures pointed to a flat open on Wall Street, with investors likely to err on the side of caution ahead of the latest Federal Reserve minutes.
  
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• S&P 500: When Will It Crack?

  18-05-2016 12:42
  It looked as though yesterday afternoon selling would lead the S&P 500 (FXCM: SPX500) through the neck-line we have been discussing, but buyers stepped up at this critical juncture of support.
  
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• NZD/USD: important support level of 0.6765. Technical analysis of 18.05.2016.

  18-05-2016 12:19 via liteforex.com
  Forex analytics: Review and dynamics Since the beginning of this month the pair NZD/USD has been declining, due to strengthening in the USD and dynamics of the New Zealand currency. The decisions of RBNZ in March to reduce interest rate and the fact that the Bank adheres to the soft monetary policy put pressure on the NZD.From the highs of 0.7050, reached earlier this month, the pair NZD/USD fell by 4%, ...
  
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• NZD/USD: price index for dairy products has grown. Fundamental analysis of 18.05.2016.

  18-05-2016 12:04 via liteforex.com
  Forex analytics: Price index for dairy, which reflects the weighted average of changes in the world pieces in percentage terms, has grown by 2.6% at the auction (against the decline of -1.4% two weeks ago). The NZD has grown yesterday due to the good news provided by the company Fonterra. New Zealand’s economy is very vulnerable to the changes in the dairy prices. New Zealand’s economy is focused on exports ...
  
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• DAX 30 Lingers Above May 6 Low of 9739

  18-05-2016 12:02
  The DAX 30 was little changed and price lingered above the May 6 low of 9739 at the time of writing.
  
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• GBP/USD Lower as Job Figures Show Core Earnings Slowed

  18-05-2016 11:26
  The British Pound moved lower versus other major currencies after today's employment figures signaled a slowdown in core earnings
  
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• EUR/USD: breakout of the key support levels. Technical analysis of 18/05/2016.

  18-05-2016 11:15 via liteforex.com
  Forex analytics: Review and dynamics Since the beginning of today’s trading day, the USD has been growing in the currency market and in the pair EUR/USD.The rise in the USD is caused by the positive US macro-economic statistics, released yesterday and in anticipation of the release of the minutes of FOMC meeting scheduled for 20:00 (GMT+2).On the daily chart the pair EUR/USD has broken out important support ...
  
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• Analytical review of the currency pair GBP/USD of 18.05.2016

  18-05-2016 10:54 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 1.4462; Daily range: 1.4425-1.4464; Opening: 1.4462; 52- week range: 1.3833-1.5930;Annual revenue: -7.71%;Change in % for the previous day: +0.38. Analytical review:Over the past two weeks local support and resistance levels have been formed in the market: ...
  
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• FTSE 100: The Bullish Momentum Fizzled Out Quickly

  18-05-2016 10:23
  Yesterday, the FTSE 100 breached the upper end of the 6054-6195 range, which kept price confined since May 6. However, as the session progressed, price fell back into the range.
  
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• EUR/USD: Euro is going down amid weak macro-economic statistics of Eurozone. Fundamental analysis of 18.05.2016

  18-05-2016 10:03 via liteforex.com
  Forex analytics: Attention of market participants will be focused on the minutes of the FOMC meeting, which will be released today at 20:00 (GMT+2).Market participants will thoroughly review the minutes in order to understand further monetary policy plans of the US Fed. FOMC representatives will express their opinion about economic and financial situation in the USA and in the world and their plans related to ...
  
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• Why GlaxoSmithKline plc, Allergy Therapeutics plc and Consort Medical plc are a dying breed

  18-05-2016 09:10 via news.yahoo.com
  These 3 stocks are examples of an increasingly rare segment of the stock market: GlaxoSmithKline plc (LON: GSK), Allergy Therapeutics plc (LON: AGY) and Consort Medical plc (LON: CSRT).
  
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• US Dollar Aims Higher as FOMC Minutes Fuel Rate Hike Bets

  18-05-2016 08:59
  The US Dollar may extend gains after outperforming in overnight trade as minutes from April’s FOMC meeting boost imminent interest rate hike speculation.
  
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• MIDEAST STOCKS-Oil near $50 may support Gulf bourses; Egypt may slip

  18-05-2016 07:44 via news.yahoo.com
  Shares in the Gulf may be supported on Wednesday by Brent oil prices near $50 a barrel, while Egypt's bourse may see some profit-taking after concern about future interest rate hikes pulled down Wall Street.
  
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• SEC says cyber security biggest risk to financial system

  18-05-2016 06:32 via news.yahoo.com
  
  By Lisa Lambert and Suzanne Barlyn WASHINGTON (Reuters) - Cyber security is the biggest risk facing the financial system, the chair of the U.S. Securities and Exchange Commission (SEC) said on Tuesday, in one of the frankest assessments yet of the threat to Wall Street from digital attacks. The SEC, which regulates securities markets, has found some major exchanges, dark pools and clearing houses did not have cyber policies in place that matched the sort of risks they faced, SEC Chair Mary Jo Wh
  
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• Stronger U.K. Wage Growth to Encourage Larger GBP/USD Advance

  18-05-2016 06:00
  Despite forecasts for another uptick in U.K. Jobless Claims, stronger wage growth may spark a bullish reaction in GBP/USD as it boosts interest-rate expectations.
  
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• Crude Oil Prices May Turn from 7-Month High on FOMC Minutes

  18-05-2016 05:35
  Crude oil prices may reverse lower after hitting a seven-month high as minutes from April’s FOMC meeting stoke rate hike bets, triggering market-wide risk aversion.
  
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• China's Midea plans major stake in German robotics firm: report

  18-05-2016 05:17 via news.yahoo.com
  
  Shares of Chinese appliance giant Midea were suspended from trading on Wednesday, the Shenzhen exchange said, following media reports that the company plans to boost its stake in German industrial robotics supplier Kuka. The Wall Street Journal reported on Tuesday that Midea was close to disclosing an offer for Kuka, which it described as a "takeover", quoting people familiar with the matter. The report said Midea was considering lifting its stake in Kuka to more than 30 percent from around 10 p
  
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• Silicon Valley mocks Trump over his tech bubble warning

  18-05-2016 04:44 via news.yahoo.com
  By Heather Somerville SAN FRANCISCO (Reuters) - Republican presidential candidate Donald Trump on Tuesday warned that a dangerous financial bubble has formed in the technology industry - and Silicon Valley responded with a collective eye roll. In a Reuters interview, the New York billionaire said technology start-ups that had never earned a profit were able to sell shares at very high prices, likening the situation to the overheated stock market in 2007. Investors and others took to Twitter to p
  
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• Goldman may exit Australian equities, fixed income - source

  18-05-2016 04:37 via news.yahoo.com
  
  By Swati Pandey SYDNEY (Reuters) - Goldman Sachs is considering the sale of its Australian equities and fixed income businesses, according to a source familiar with the matter, as it looks to exit one of the country's most intensely competitive markets. The Wall Street bank, which also operates investment banking and corporate advisory businesses in Australia, is conducting a strategic review of its Australian asset management business but has not made a decision on the sale, the source told Reu
  
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• Highlights - Trump on North Korea, Wall Street regulation, tech stocks

  18-05-2016 04:21 via news.yahoo.com
  Presumptive Republican nominee Donald Trump told Reuters in a wide-ranging interview on Tuesday that he would be willing to talk to North Korean leader Kim Jong Un to try to stop Pyongyang's nuclear programme. NORTH KOREA On speaking to Kim Jong Un: "I would speak to him. At the same time, I would put a lot of pressure on China because economically we have tremendous power over China.
  
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