Analyst news

• S&P edges closer to record high; energy shares lead

  07-06-2016 22:30 via news.yahoo.com
  
  The S&P 500 ended at its best level since July on Tuesday, helped by a big jump in energy shares and investor confidence that higher interest rates will not derail the economy. The index finished below its best levels of the session, though, while the Nasdaq ended lower. The Nasdaq Biotech Index was down 2.5 percent, its biggest daily percentage decline since May 11.
  
  Read more

• UPDATE 2-Lending Club delays annual meeting in wake of CEO resignation

  07-06-2016 22:23
  
  NEW YORK, June 7 (Reuters) - Lending Club Corpdelayed its annual meeting on Tuesday, saying it was not ready
  to provide stockholders with a complete report on the state of
  the company after founder...
  
  Read more

• Republican's plan to revamp Dodd-Frank highlights U.S. political divide

  07-06-2016 21:40 via news.yahoo.com
  
  By Dan Freed NEW YORK (Reuters) - The chair of the House Financial Services Committee has proposed getting rid of much of the regulation put in place after the financial crisis, unveiling a plan on Tuesday that ignited fierce debate in the presidential election but is expected to flame out in Washington. In a sweeping speech at the Economic Club of New York, Republican Representative Jeb Hensarling, from Texas, laid out his ideas on weakening the 2010 Dodd-Frank Wall Street reform law just as po
  
  Read more

• EUR/USD at February High; Preparing to Launch

  07-06-2016 20:58
  EUR/USD bullish potential is significant in the coming weeks, months, and maybe longer.
  
  Read more

• Advertisement

• UPDATE 3-Elliott Management takes stake in PulteGroup-CNBC

  07-06-2016 20:56
  
  June 7 (Reuters) - Elliott Management Corp, the hedge fund
  founded by billionaire Paul Singer, has taken a stake in U.S.
  homebuilder PulteGroup Inc, CNBC reported on Tuesday
  citing sources.
  
  Read more

• EUR/GBP Off Resistance- Broader Outlook Constructive Above 7645

  07-06-2016 20:18
  The pair responded to resistance early in session with the weekly opening range taking shape just below. Here are the updated targets & invalidation levels that matter.
  
  Read more

• Elliott Management takes stake in homebuilder PulteGroup-CNBC

  07-06-2016 19:53
  
  June 7 (Reuters) - Elliott Management Corp, the hedge fund
  founded by billionaire Paul Singer, has taken a stake in U.S.
  homebuilder PulteGroup Inc, CNBC reported on Tuesday
  citing sources.
  
  Read more

• S&P just shy of record on oil rally, biotechs curb Nasdaq

  07-06-2016 19:37 via news.yahoo.com
  
  Surging energy shares pushed the S&P 500 to within 16 points of its record high and the Dow above 18,000 for the first time since April, but tumbling biotech stocks capped gains on the Nasdaq. The S&P energy index surged 1.86 percent, on track for its best two-day percentage gain since March, as oil prices reached 2016 highs due to supply constraints and a weak dollar. The stocks were among the top three giving the biggest boost to the S&P and the Dow.
  
  Read more

• Advertisement

• AUD/USD Breaks Higher Following Wait-and-See RBA; 0.7500 Up Next?

  07-06-2016 19:25
  AUD/USD looks poised for a larger recovery as the pair breaks out of the downward trend carried over from the previous month following the RBA meeting.
  
  Read more

• Britain's FTSE rises for third day as energy stocks climb

  07-06-2016 18:32
  
  LONDON, June 7 (Reuters) - Britain's benchmark share index
  chalked up its third straight day of gains on Tuesday, as a rise
  in oil and energy shares offset weaker mining stocks.
  
  Read more

• S&P nears record high on oil rally, healthcare curbs Nasdaq

  07-06-2016 18:30 via news.yahoo.com
  
  The S&P 500 touched an 11-month high on Tuesday and was just 18 points shy of its record high, helped by gains in energy shares, while tumbling healthcare stocks capped gains on the Nasdaq. The S&P energy index surged 1.79 percent as oil prices hit 2016 highs due to supply constraints and a weak dollar. The stocks were among those giving the biggest boost to the S&P and the Dow.
  
  Read more

• Republican's plan to weaken Dodd-Frank spotlights U.S. political divide

  07-06-2016 18:17 via news.yahoo.com
  
  By Dan Freed NEW YORK (Reuters) - The chair of the U.S. House Financial Services Committee on Tuesday proposed wiping out much of the U.S. regulation put in place after the financial crisis with a plan expected to ignite debate in the presidential election but flame out in Washington. In a sweeping speech at the Economic Club of New York, Republican Representative Jeb Hensarling, from Texas, presented his ideas on weakening the 2010 Dodd-Frank Wall Street reform law just as polls opened in six s
  
  Read more

• INTERVIEW-Millennium bcp has no plans to raise capital - CEO

  07-06-2016 18:01
  
  LISBON, June 7 (Reuters) - Millennium bcp, Portugal's
  largest listed bank, has no intention of carrying out a capital
  increase related to any potential interest in Novo Banco, Chief
  Executive Officer...
  
  Read more

• EUR/USD Trades Flat Despite News

  07-06-2016 18:00
  The EUR/USD is trading flat this morning despite a series of news events beating expectations.
  
  Read more

• UPDATE 3-Ralph Lauren to cut about 1,000 jobs and shut shops

  07-06-2016 17:27
  
  * Shares fall as much as 10.4 pct(Adds details, updates shares)
  
  Read more

• UPDATE 2-Zimmer props up spine device business with $1 bln LDR buy

  07-06-2016 16:29
  
  June 7 (Reuters) - Zimmer Biomet Holdings Inc agreed
  to buy fellow medical device maker LDR Holding Corp for
  about $1 billion deal to expand in the market for treating spine
  disorders.
  
  Read more

• MIDEAST STOCKS-Saudi up after reform announcement; rest of region strong

  07-06-2016 16:28 via news.yahoo.com
  * Saudi mining, healthcare shares outperform * Alhokair limit-up on asset sale hope * Upbeat global stock markets aid region * Heavy trade in Dubai Parks and Resorts * Egypt's PHDC surges on share capital increase By Celine Aswad DUBAI, June 7 (Reuters) - Saudi Arabia's stock market rose on Tuesday after the government announced details of its economic reform plans, while an improved mood in global markets lifted bourses elsewhere in the Middle East. A 110-page Saudi reform document released on
  
  Read more

• China’s Market News: PBOC Unleashes Yuan Quota, Clearing Bank Plan in US

  07-06-2016 16:02
  The PBOC made major moves on foreign investment and domestic reforms on interest rate.
  
  Read more

• Oil, tech boost S&P and Dow, healthcare caps Nasdaq gains

  07-06-2016 16:00 via news.yahoo.com
  
  Eight of the 10 major S&P sectors were higher, led by the energy index's 0.8 percent rise as oil prices hovered around 2016 highs. "There is a good possibility we may see the S&P make a new 52-week high as enthusiasm continues to build." said Peter Cardillo, chief market economist at First Standard Financial in New York.
  
  Read more

• Wall Street flat as healthcare drag offsets energy gains

  07-06-2016 15:38 via news.yahoo.com
  
  REUTERS - U.S. stocks were little changed on Tuesday as gains in energy and IT companies were offset by tumbling healthcare shares, a day after Federal Reserve Chair Janet Yellen painted a mostly positive picture of the economy. The Dow Jones Industrial Average was up 28.59 points, or 0.16 percent, at 17,948.92, the S&P 500 was up 1.56 points, or 0.07 percent, at 2,110.97 and the Nasdaq Composite was up 3.22 points, or 0.06 percent, at 4,971.93. (Reporting by Yashaswini Swamynathan in Bengal
  
  Read more

• Wall Street hopes artificial intelligence software helps it hire loyal bankers

  07-06-2016 15:26 via news.yahoo.com
  
  Clinching a job on Wall Street soon may have as much to do with beating an algorithm as nailing the interview. Goldman Sachs Group Inc, Morgan Stanley, Citigroup Inc and UBS Group AG are exploring the use of artificial intelligence software to judge applicants on traits - such as teamwork, curiosity and grit - that help in the workplace but don't always show up on a resume or come through in an interview. Banks are turning to the hiring software at a time when they are under pressure to cut cost
  
  Read more

• UPDATE 2-Biogen's MS drug misses main goal in mid-stage study

  07-06-2016 15:19
  
  June 7 (Reuters) - Biogen Inc's keenly watched
  experimental drug for treating multiple sclerosis failed to meet
  the main goal of improving some symptoms in a mid-stage study,
  sending the company's...
  
  Read more

• The Banes of Forward Guidance in a Rising Rate Environment

  07-06-2016 15:04
  Even when conditions warrant a rate hike, the Fed is pulling a caboose by telegraphing even more rate hikes in the future via forward guidance; and this may be too much pressure for markets to contend with.
  
  Read more

• Soothing Fed sounds send stocks to five-week high

  07-06-2016 14:52 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World stocks hit their highest in five weeks on Tuesday as a dovish tone from Janet Yellen cooled near-term U.S. rate hike bets and a 2016 peak in crude prices cheered oil firms. European stocks were up 1.2 percent ahead of U.S. trading where Wall Street's S&P 500 was expected to hit a fresh seven-month high when it resumes. The gains came after the Fed chief Yellen on Monday had called last week's U.S. jobs numbers disappointing and opted not to repeat her m
  
  Read more

• CAC 40 Rises on Industrial Production Data

  07-06-2016 14:20
  The CAC 40 is trading up 1.33% on the day, after German Industrial Production data beats expectations.
  
  Read more

• USDOLLAR Primed for Losses by Yellen; GBP Jumpy on Cameron

  07-06-2016 14:04
  The Fed Chair's lack of faith in recent US economic developments has left the greenback out to dry.
  
  Read more

• Pakistan shares hit record high in lacklustre trade

  07-06-2016 13:58
  
  KARACHI, June 7 (Reuters) - Pakistan stocks hit a record
  high in lacklustre trade on Tuesday, with most investors away on
  the first day of Ramadan in the country, dealers said.
  
  Read more

• Analytical review of the Coca-Cola Company's shares as of 07.06.2016

  07-06-2016 13:45 via liteforex.com
  Forex analytics: The Coca-Cola Company, #KO [NYSE] Потребительские товары, Напитки – Безалкогольные напитки, США Financial performance:Beta – 0.49; Capitalization - 185.05
  
  Read more

• Wall Street hopes software helps it hire loyal bankers

  07-06-2016 13:03 via news.yahoo.com
  
  Goldman Sachs Group Inc, Morgan Stanley, Citigroup Inc and UBS Group AG are exploring the use of artificial intelligence software to judge applicants on traits - such as teamwork, curiosity and grit - that help in the workplace but don't always show up on a resume or come through in an interview. Banks are turning to the hiring software at a time when they are under pressure to cut costs and finding it difficult to lure and retain top talent. Bank executives hope that artificial intelligence wil
  
  Read more

• AUD / USD: when the price fixates above the level 0.7445 one might go back to considering medium-term long positions.Technical analysis as of 07.06.2016

  07-06-2016 12:21 via liteforex.com
  Forex analytics: Overview and dynamics Amid the disappointing non-farm payrolls data in the US published on Friday, as well as the RBA decision to keep interest rates in Australia unchanged at 1.75%, AUD/USD pair increased by 200 points in almost three days. The pair came close to the resistance level 0.7445 (23.6% Fibonacci level of the correction to the downward wave since July 2014).Earlier, AUD/USD found ...
  
  Read more

• AUD/USD: RBA kept interest rate at 1.75%. Fundamental analysis as of 07.06.2016.

  07-06-2016 11:36 via liteforex.com
  Forex analytics: The combination of several fundamental factors allowed the AUD/USD pair to grow by 200 points in just 3 days and claw back almost half of the previous month's losses after RBA decreased interest rates to 1.75% at the beginning of May - the first time since June 2015.As soon as Friday’s disappointing data on US non-farm payrolls decreased expectations of US interest rate hike in June, the US ...
  
  Read more

• GBP/USD Mysteriously Spikes Higher as Implied Volatility Surges

  07-06-2016 10:46
  The GBP/USD mysteriously spiked higher in Asia trade with newswires citing a “fat finger” error, as we look to find short term trading opportunities
  
  Read more

• Brent: the price to tend to a new range. Technical analysis as of 07.06.2016.

  07-06-2016 10:44 via liteforex.com
  Forex analytics: Review and evolution Against a backdrop of fundamental factors, Brent oil price has grown by around 1USD/bbl since the beginning of the month.Owing to supply outages in a number of regions, the price almost grew to 10-month peaks at about 50.70 (61.8% Fibonacci retracement to a decline from 65.30 to the troughs of the year 2016 at 27.05). Our opinion Should the price continue to grow to over ...
  
  Read more

• Asian markets climb after Yellen comments

  07-06-2016 10:31 via news.yahoo.com
  
  Asian stock markets rose for a third straight trading day Tuesday after Federal Reserve boss Janet Yellen said the US economy was still in good shape and any increase in borrowing costs would be slow and low. After Friday's well-below-forecast US jobs report raised worries about the country's growth -- and sent the dollar and Wall Street tumbling -- Yellen said that while the figures were "concerning" she was still upbeat about the outlook. Friday's figures showing the US economy in May created
  
  Read more

• Brent: oil price is increasing. Fundamental analysis as of 07.06.16

  07-06-2016 10:12 via liteforex.com
  Forex analytics: On Monday, oil prices showed strong growth amid the continuing supply interruptions in some regions of the world, decline in oil reserves in the US, as well as reduced likelihood of rate raising in the US in June. Another decline in the US oil inventories was reported last week (by 1.366 million barrels, in addition to the decline in the previous period by 4.226 million barrels).Interruptions ...
  
  Read more

• Analytical review for USD/CAD as of 07.06.2016

  07-06-2016 10:03 via liteforex.com
  Forex analytics: Technical performance: Prev. closure: 1.2816;Daily range: 1.2801-1.2840;Opening: 1.2816;52-week range: 1.2124-1.4692;Annual profit: +5.03%;Previous day's change (%): -1.10. Analytical review:In the past 2 days the Canadian dollar has significantly grown in price against the US dollar (by over 250 points). At yesterday's trading session the pair USD/CAD dropped 1.10%; US Fed Head's ...
  
  Read more

• Crude Oil Prices May Rise as Gold Declines in Risk-On Trade

  07-06-2016 09:54
  Crude oil prices may follow shares upward while rising bond yields undermine gold demand amid a broad-based swell in risk appetite.
  
  Read more

• MIDEAST STOCKS-Saudi edges up after economic reform announcement

  07-06-2016 09:38 via news.yahoo.com
  Saudi Arabia's stock market edged up in early trade on Tuesday after the government announced details of its economic reform plans. Monday night's 110-page reform document contained hundreds of projects and targets, including substantial austerity measures. "The absence of a direct corporate tax and a tax on dividends are both positive catalysts for the Saudi equity market in the short term," said Mohamed el-Jamal, managing director of capital markets at Abu Dhabi's Waha Capital.
  
  Read more

• Kenya's tourism earnings fall 3 pct in 2015

  07-06-2016 09:28 via news.yahoo.com
  
  Kenya's revenue from its tourism sector dropped 2.87 percent last year to 84.6 billion shillings ($837.21 million), its tourism minister said. Visitor numbers and earnings have plunged in the past four years as al Shabaab militants from neighbouring Somalia launched attacks on Kenyan soil in retaliation for Kenya's military intervention. Najib Balala said the sector was on course for a recovery in 2018, in line with government plans, but cautioned that violent protests against the country's elec
  
  Read more

• NZD/USD Technical Analysis: Foothold Above 0.69 Reclaimed

  07-06-2016 08:38
  The New Zealand Dollar launched sharply higher against its US namesake, with prices issuing the largest daily advance in four months.
  
  Read more

• Aussie Dollar May Extend RBA-Linked Gains as Risk Appetite Firms

  07-06-2016 07:54
  The Australian Dollar may continue higher after soaring on the RBA monetary policy announcement as revised Eurozone GDP data boosts market-wide risk appetite.
  
  Read more

• MIDEAST STOCKS-Saudi bourse may edge up after reform announcement

  07-06-2016 07:51 via news.yahoo.com
  Saudi Arabia's stock market may edge up on Tuesday after the government announced details of its economic reform plan, while a positive global environment looks likely to support other Gulf markets, though turnover will be thin because of Ramadan. In Saudi Arabia, Monday night's 110-page reform announcement contained hundreds of projects and targets, including substantial austerity measures. Mohamad al-Hajj, senior analyst at EFG Hermes in Dubai, said there would be more pain for Saudi companies
  
  Read more

• ASX 200 Technical Analysis: 5,380 in Play Once Again

  07-06-2016 07:38
  The ASX 200 held the 5,300 support to initiate another attempt at the 5,380 level, but a break above might need strong conviction
  
  Read more

• Australian Dollar Gains as RBA Takes on a Wait-and-See Approach

  07-06-2016 07:16
  The Australian Dollar climbed against its major counterparts after the Reserve Bank of Australia left rates unchanged and adopted a wait-and-see approach.
  
  Read more

• Republican leader proposes weakening Dodd-Frank, spotlights U.S. political divide

  07-06-2016 06:28 via news.yahoo.com
  
  (Reuters) - The chair of the House Financial Services Committee is proposing to wipe out much of the U.S. regulation put in place after the financial crisis with a plan expected to ignite debate in the presidential election but flame out in Washington. Republican Representative Jeb Hensarling will present the plan in a sweeping speech at the Economic Club of New York on Tuesday, as six states hold presidential primaries. According to his prepared remarks, Hensarling's plan would primarily weaken
  
  Read more

• Most Asian markets climb after Yellen comments

  07-06-2016 06:26 via news.yahoo.com
  
  Asian stock markets mostly rose for a third straight trading day Tuesday after Federal Reserve boss Janet Yellen said the US economy was still in good shape and that any increase in borrowing costs would be slow and low. After Friday's well-below-forecast US jobs report raised worries about the country's growth -- and sent the dollar and Wall Street tumbling -- Yellen said that while they were "concerning" she was still upbeat about the outlook. Friday's news that the US economy created less tha
  
  Read more

• Verizon to submit $3 billion bid for Yahoo's internet business: WSJ

  07-06-2016 04:43 via news.yahoo.com
  
  (Reuters) - Verizon Communications Inc plans to submit a second-round bid of around $3 billion for Yahoo Inc's core internet business, the Wall Street Journal reported, citing people familiar with the matter. Private-equity firm TPG was also expected to submit a second round bid for the assets before Monday's deadline, the newspaper reported. Yahoo is expected to hold at least one more round of bidding, and the offers could change by the final round, the paper reported.
  
  Read more

• U.S. investigators probe Goldman Sachs over Malaysian fund 1MDB: WSJ report

  07-06-2016 03:17 via news.yahoo.com
  
  (Reuters) - U.S. law enforcement officials are attempting to identify whether Goldman Sachs Group Inc violated federal law after failing to flag a transaction in Malaysia, the Wall Street Journal reported, citing people it said were familiar with the investigation. The probe concerns $3 billion raised by Goldman Sachs through a bond issue for Malaysian state investor 1Malaysia Development Bhd (1MDB). Half of the proceeds from the sale, which were transferred by Goldman Sachs to a Swiss bank acco
  
  Read more

• EUR/USD Technical Analysis: Euro Rallies Most in 7 Months

  07-06-2016 02:34
  The Euro turned higher against the US Dollar as expected after prices found support below the 1.11 figure, with the surge catalyzed by disappointing US jobs data.
  
  Read more

• EUR/GBP Technical Analysis: Two-Month Down Trend Broken

  07-06-2016 02:32
  The Euro continued to push upward against the British Pound, breaking above trend line resistance guiding the down move since early April.
  
  Read more

Follow @news_analyst on Twitter!