Analyst news

• European stocks rally; US stocks hit by Apple

  17-06-2016 23:56 via news.yahoo.com
  
  European and Asian stocks rebounded Friday on optimism over the British vote on leaving the European Union, but losses on Apple and other tech shares dragged down Wall Street.
  
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• Viacom investors pay CEO's legal bills in Redstone spat

  17-06-2016 23:14 via rocketnews.com
  By Jessica Toonkel
  (Reuters) – Viacom Inc disclosed on Friday it would foot the bill for embattled Chief Executive Officer Philippe Dauman’s legal fight against controlling shareholder Sumner Redstone, even as Wall Street cheers the executive’s potential departure.
  The disconnect demonstrates the complicated corporate governance challenge Viacom’s board is facing in the battle for control of Redstone’s $40 billion media empire, which includes CBS Corp and Viacom, in
  
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• How Much Money It Takes to Be in the Top 1% In Every State

  17-06-2016 23:06 via news.yahoo.com
  
  From Occupy Wall Street to the “Fight for 15” movement to Bernie Sanders’ campaign, we’ve heard the cries to narrow the gap between America’s poorest and richest. But just how wide is that gap? A new report ...
  
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• UPDATE 5-Viacom investors pay CEO's legal bills in Redstone spat

  17-06-2016 23:00
  
  June 17 (Reuters) - Viacom Inc disclosed on Friday
  it would foot the bill for embattled Chief Executive Officer
  Philippe Dauman's legal fight against controlling shareholder
  Sumner Redstone, even as...
  
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• Wall Street ends week on down note as Apple weighs

  17-06-2016 22:25 via news.yahoo.com
  
  Wall Street ended lower on Friday as Apple dragged down major indexes and investors girded for Britain's vote next week on its European Union membership. The S&P is now up more than 1 percent for the year.
  
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• Wall St. ends week on down note as Apple weighs

  17-06-2016 22:24 via news.yahoo.com
  
  (Reuters) - Wall Street ended lower on Friday as Apple dragged down major indexes and investors girded for Britain's vote next week on its European Union membership.
  
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• US DOLLAR Technical Analysis: Now 12,000 Becomes Even More Important.

  17-06-2016 21:45
  With Everything Looking To Be in the Dollar’s Favor for June Why Is Everything Going Wrong For the Bulls?
  
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• DoubleLine's Gundlach sees Bremain, not Brexit, as likely outcome

  17-06-2016 21:43 via news.yahoo.com
  
  By Jennifer Ablan NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Friday he thinks Britain will "Bremain" in the European Union and if investors agree they should buy beaten-down European equities. "I’ve never believed in an exit, or 'Brexit,'" said Gundlach, known on Wall Street as the "Bond King" who manages $60.3 billion (£42.01 billion) through the DoubleLine Total Return Bond Fund. Voters in Britain will vote on whether to on June 23
  
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• WTI Crude Oil Price Forecast: Here We Go Again?

  17-06-2016 21:40
  WTI Crude Oil (CFD: US Oil) Has Suffered Its Biggest Weekly Drop Since April. However, A Fresh Wave of USD Selling May Provide Support
  
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• Viacom investors pay CEO's legal bills in Redstone spat

  17-06-2016 21:40 via news.yahoo.com
  
  Viacom Inc disclosed on Friday it would foot the bill for embattled CEO Philippe Dauman's legal fight against controlling shareholder Sumner Redstone, even as Wall Street cheers the executive's potential departure. The disconnect demonstrates the complicated corporate governance challenge Viacom's board is facing in the battle for control of Redstone's $40 billion media empire, which includes CBS Corp and Viacom, investors and corporate governance experts said. "I don't think it's appropriate to
  
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• Wall Street drops as Apple weighs, Brexit vote looms

  17-06-2016 20:48 via news.yahoo.com
  
  Wall Street dropped on Friday as Apple shares weighed on major indexes and investors girded for Britain's vote next week on its European Union membership. On Thursday, Wall Street had snapped a five-session streak of declines. “I think it’s investors taking positions off the table here going into the last weekend prior to the 'Brexit' vote," Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana, said of Friday's declines.
  
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• EUR/USD Timing Compares Favorably wih Early 2000s Base

  17-06-2016 20:35
  Regarding EUR/USD, the distance in time between the 2015 low and this week is now the same as the distance in time from the 2000 low and final low in that bottoming sequence.So, it's about time for EUR/USD to make its intentions known!
  
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• Sanders Vows to Defeat Trump, but Leaves Clinton Hanging

  17-06-2016 20:23 via news.yahoo.com
  
  Sen. Bernie Sanders of Vermont says that one of his overarching goals is to help defeat presumptive GOP presidential nominee Donald Trump this fall. Days after Clinton convincingly wrapped up her claim to the Democratic nomination with 2,800 pledged and superdelegates – 417 more than she will need at the national convention in Philadelphia next month – Sanders refuses to concede defeat or formally endorse Clinton in what is shaping up as one of the most consequential presidential con
  
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• UPDATE 2-Bonds of Brazil phone carrier Oi jump on debt exchange terms

  17-06-2016 20:14
  
  SAO PAULO, June 17 (Reuters) - Prices of Oi SA bonds jumped
  on Friday after Brazil's most indebted wireless carrier laid out
  the terms of a restructuring proposal aimed at cutting 50
  billion reais...
  
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• Why Clinton or Trump Could Face a Stock Market Nightmare

  17-06-2016 19:08 via news.yahoo.com
  
  According to Fitch, the volume of global government bonds trading with negative yield has crossed the $10 trillion mark for the first time — representing about 20 percent of the total. Yield curves, or the difference between short- and long-term yields, have inverted in Japan and elsewhere — one of the strongest pre-recession warnings signals in existence. Inflation expectations, also derived from bond market pricing, are dropping fast.
  
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• UPDATE 4-Siemens, Gamesa to form world's largest wind farm business

  17-06-2016 19:03
  
  MADRID/FRANKFURT, June 17 (Reuters) - Siemens and
  Spain's Gamesa agreed on Friday to combine assets to
  create the world's biggest builder of windfarms, with the German
  company paying 1 billion euros...
  
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• Wall Street treads lower as technology stocks weigh

  17-06-2016 19:01 via news.yahoo.com
  
  (Reuters) - A drop in Apple dragged down all three major U.S. stock indexes on Friday afternoon even as investors remained wary of global economic growth worries and an impending referendum on Britain's European Union membership.
  
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• USD/CAD Bearish Formation Remains in Play Ahead of Fed Testimony

  17-06-2016 18:30
  USD/CAD may continue to give back the rebound from May following the failed test of the monthly opening range, with the pair stuck in a bearish formation.
  
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• Britain's FTSE rebounds from four-month low after EU campaign suspended

  17-06-2016 17:56
  
  LONDON, June 17 (Reuters) - Britain's top share index rose
  from a four-month low on Friday, as stocks that have been
  hardest hit by concerns over a possible British exit from the EU
  rebounded after...
  
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• Viacom lowers earnings guidance for the first time since 2008

  17-06-2016 17:41 via news.yahoo.com
  
  The media company also said that it expects domestic ad sales to decline about 4 percent in the third quarter ending June 30, an improvement from last quarter's decline of 5 percent. The New York-based media company, which owns Paramount, Comedy Central and Nickelodeon, cited weak performance from its latest Teenage Mutant Ninja Turtle movie and a delay in completing an agreement with an unnamed streaming video provider. Viacom Chief Executive Philippe Dauman and controlling shareholder 93-year-
  
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• USD/CAD: Wave analysis and forecast for 17.06 – 24.06:

  17-06-2016 17:09 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.2655. Our opinion:Buy the pair from correction above the level of 1.2655 with the target of 1.3294. Alternative scenario:Breakdown and consolidation of the price below the level of 1.2655 will trigger further decline to 1.24 – 1.23.Analysis:Presumably, the formation of the upward correction continues in the wave B of the senior level. At the ...
  
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• USD/JPY: Wave analysis and forecast for 17.06 – 24.06:

  17-06-2016 17:07 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 106.33. Our opinion Sell the pair from correction below the level of 106.33 with the target of 100.60.Alternative scenario: Breakout and consolidation of the price above the level of 106.33 will trigger the rise up to 109.00 – 110.00. Analysis:Presumably, the formation of the long-term downtrend continues. It is assumed that within this ...
  
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• USD/CHF: Wave analysis and forecast for 17.06 – 24.06:

  17-06-2016 17:05 via liteforex.com
  Forex analytics: Estimated pivot point is at the level of 0.9566. Our opinion:In the short-term: buy the pair above the level of 0.9566 with the target of 0.9760. In the medium-term: wait for the completion of the correction and sell the pair with the target of 0.9320 – 0.9130. Alternative scenario:Breakout and consolidation of the price below the level of 0.9566 will allow the pair to continue ...
  
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• GBP/USD: Wave analysis and forecast for 17.06 – 24.06:

  17-06-2016 17:00 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.4350 Our opinion:Sell the pair from correction below the level of 1.4350 with the target of 1.39.Alternative scenario:Breakout and consolidation of the price above the level of 1.4350 will trigger the rise in the pair up to the level of 1.4650.Analysis: Presumably, the formation of the third wave of the senior level iii of 5 continues. ...
  
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• UPDATE 1-SGL electrodes unit draws interest from Russian billionaire -sources

  17-06-2016 16:58
  
  * Shares up 4 percent(Adds share price reaction, background)
  
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• Hong Kong proposes changes to stock market listing regime

  17-06-2016 16:33 via news.yahoo.com
  * SFC given more power, CEO to sit on listing panel * Three month Consultation on proposals ends Sept. 19 * Proposal comes after investor frustration over current rules (Adds comment, context) By Michelle Price HONG KONG, June 17 (Reuters) - Hong Kong proposed changes to its stock market listing regime on Friday, in a move that could curb the regulatory powers of the city's stock exchange and hand more authority to the securities watchdog in one of the world's top destinations for new share issu
  
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• EUR/USD: Wave analysis and forecast for 17.06 – 24.06:

  17-06-2016 16:32 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.1297. Our opinion:Sell the pair from correction below the level of 1.1297 with the target of 1.0990 – 1.0940.Alternative scenario:Breakout and consolidation of the price above the level of 1.1297 will allow the pair to continue the rise up to 1.1454.Analysis:Presumably, downward correction of the senior level continues as the wave ii ...
  
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• USD/CAD Back to Lows Despite May Canadian CPI Missing Expectations

  17-06-2016 16:15
  Earlier today, Canada’s National Statistics Agency released the May Consumer Price Index, providing a temporary setback to the Canadian Dollar.
  
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• Wall Street opens lower as Apple drags, investors remain wary

  17-06-2016 15:59 via news.yahoo.com
  
  Britain will vote on June 23, an event that has weaved in uncertainty across the globe, battering stocks and bond yields for the past week and spiking demand for safe-haven assets such as gold and the yen. Analysts said the incident could rally a sentiment supporting Britain to remain in the EU, at a time when the "Leave" campaign was gathering momentum. Apple fell 1.5 percent to $96.07 after Bloomberg reported that the tech giant may have to halt the sales of its latest iPhones in Beijing after
  
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• Wall Street opens lower as Apple falls

  17-06-2016 15:51 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened lower on Friday, dragged down by Apple and developments around the impending vote on Britain exiting the European Union. The Dow Jones industrial average was down 20.54 points, or 0.12 percent, at 17,712.56, the S&P 500 was down 2.99 points, or 0.14 percent, at 2,075 and the Nasdaq composite was down 14.65 points, or 0.3 percent, at 4,830.26. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Don Sebastian)
  
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• EUR/USD at Support, GBP/USD at Resistance One Week Before Brexit Results

  17-06-2016 15:33
  The upcoming Brexit referendum should not be taken lightly. Markets have already exhibited extreme sensitivity around poll numbers with small sample sizes, and the actual referendum has the potential for extreme volatility.
  
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• Viacom forecasts third-quarter profit below analysts' estimates

  17-06-2016 14:50
  
  June 17 (Reuters) - Viacom Inc forecast
  third-quarter adjusted profit below analysts' estimates due to
  lackluster collections for "Teenage Mutant Ninja Turtles: Out of
  the Shadows", as well as a...
  
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• Analytical review of the stocks of 3M Company as of 17.06.2016.

  17-06-2016 14:28 via liteforex.com
  Forex analytics: 3M Company, #MMM [NYSE] Industrial goods, Diversified production, USA Company’s financial performance:Index – DJIA, S&P 500;Beta – 1.11;Capitalization – 96.20 В;Return on asset – 15.10%;Income - 4.83 B;Average volume – 2.91 М;P/E - 20.95;ATR – 2.79.Analytical review:The company ranks the second on capitalization in the sector of “industrial goods” among ...
  
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• CAC 40 Prices Trade in Range to Close Week

  17-06-2016 14:20
  The CAC 40 is trading marginally higher this morning, up +0.86% on today’s session
  
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• USD/CAD: En el rango. Análisis técnico para el 17.06.16.

  17-06-2016 14:16 via liteforex.com
  Forex analytics: Resumen y dinámicaEn el anterior resumen del 14.06.2016 escribimos que es posible un crecimiento a los niveles de 1.2920, 1.2950 (véase artículo «Análisis técnico del 14.06.2016»). El pronóstico se justifica, y con un buen trampolín.El precio se disparó ayer hasta el nivel de1.3085, sin embargo, se corrigió hacia el nivel de 1.2955 (ЕМА50 en el gráfico diario), que se ...
  
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• USD/JPY: Key levels are 104.50, 103.70. Technical analysis as of 17.06.2016.

  17-06-2016 14:00 via liteforex.com
  Forex analytics: Review and dynamics Inactivity of the Central Banks of Japan and the USA, and increasing uncertainty in the financial markets associated with the forthcoming referendum on the exit of the UK from the EU, forced the pair USD/JPY to go the key support levels of 104.50 (ЕМА200) and 103.70 (ЕМА144 on the monthly chart). The price has reached the level of the end of 2013.Demand for safe-haven ...
  
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• Futures lower amid growth worries, Brexit uncertainty

  17-06-2016 13:42 via news.yahoo.com
  
  Global stocks have been under duress as repercussions of Britain's possible exit from the European Union and the U.S. Federal Reserve's warning about the strength of the economy spooked investors. Wall Street broke its five-day losing streak on Thursday and analysts said the news could rally sentiment for Britain to remain in the Union.
  
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• Pakistan shares end higher; post best weekly gain in nearly 3 years

  17-06-2016 12:46
  
  KARACHI, June 17 (Reuters) - Pakistan stocks hit a fresh
  record closing high on Friday, led by energy and bank shares,
  with the main index posting its best weekly gain in nearly three
  years after the...
  
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• Silver Prices Turn and Burn, Precious Metals Headed Lower

  17-06-2016 12:15
  Yesterday's fierce reversal in silver and gold from resistance levels provides strong indication for weakness ahead.
  
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• Hong Kong proposes overhaul of stock market listing regime

  17-06-2016 12:08 via news.yahoo.com
  The Hong Kong securities regulator and stock exchange proposed an overhaul of the city's listing regime, which could tilt the balance of power in favour of the Securities and Futures Commission (SFC) in listing matters in one of the world's top IPO destinations. The long-awaited proposals come after the Hong Kong Exchanges and Clearing Ltd (HKEX) and the SFC have had differences over listing matters. Under the proposal, HKEX's CEO will no longer sit on the listing committee and will be replaced
  
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• Global stocks rebound as Britain's vote campaign put on hold

  17-06-2016 12:00 via news.yahoo.com
  
  LONDON (AP) — Global stocks and the pound rose Friday after gains on Wall Street and as Britain's frenzied debate on whether to leave the European Union was put on hold for a second day following the killing of a member of parliament.
  
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• USD/JPY: the Yen is growing, acting as a safe-haven currency Fundamental analysis as of 17.06.2016.

  17-06-2016 11:58 via liteforex.com
  Forex analytics: Inactivity of the Bank of Japan and the US Fed, as well as uncertainty associated with the forthcoming referendum on the exit of the UK from the EU and increasing demand for safe-haven assets, such as gold and the Yen have triggered the rise in the pair USD/JPY to the annual lows of 103.55.Following the decision of the Bank of Japan to continue current monetary policy in the country, Japanese ...
  
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• USD/CAD: in the range Technical analysis as of 17.06.16.

  17-06-2016 11:46 via liteforex.com
  Forex analytics: Review and dynamics In our previous review of 14.06.2016, we suppose that the price may rise up to 1.2920 and 1.2950 (see Technical analysis as of 14.06.2016). The forecast proved to be correct, as the price went even further. The price rose up to the level of 1.3085 yesterday; however, later it went to 1.2955 (ЕМА50 on the daily chart), which is the nearest resistance level today.The rise ...
  
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• EUR/GBP Technical Analysis: Three-Week Rebound Over?

  17-06-2016 11:31
  The Euro put in a bearish Evening Star candlestick pattern, hinting that an expected rebound against the British Pound may have run its course.
  
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• EUR/USD Technical Analysis: Marking Time at 7-Month Support

  17-06-2016 11:12
  The Euro is in digestion mode after testing trend lien support that has guided the move higher against the US Dollar since early December 2015.
  
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• USD/CAD Levels Ahead of Canada CPI, EU Referendum Nears

  17-06-2016 10:43
  The USD/CAD is in focus with upcoming scheduled event risk, but Brexit induced volatility bursts are still a main market theme
  
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• Gold Prices Rejected at 2-Year High, Crude Oil Selloff Continues

  17-06-2016 10:42
  Gold prices recoiled from a two-year high amid a correction in Brexit-inspired price action but crude oil failed to capitalize, sinking for sixth day.
  
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• USD/CAD: the pair is moving almost in align with oil prices Fundamental analysis as of 17.06.16.

  17-06-2016 10:30 via liteforex.com
  Forex analytics: In the absence of significant domestic news and macroeconomic data, the Canadian dollar continues to align its movement with oil prices. Canada is an exporter of oil. Oil and gas sector is the most important part of the economy of this country. Oil is an important source of export revenue for Canada and oil prices are correlated with the prices of the Canadian dollar.After reaching new annual ...
  
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• Slowing Canada CPI to Fuel USD/CAD Advance- June High in Focus

  17-06-2016 10:00
  A marked slowdown in Canada’s headline & core CPI may fuel the near-term advance in USD/CAD as it puts pressure on the BoC to further support the real economy.
  
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• China broker Orient Sec to launch up to $1.15 bln HK offer on Monday-IFR

  17-06-2016 08:52 via news.yahoo.com
  * Shares to be offered in HK$7.85-HK$9.35 indicative range-IFR * Everbright, China Merchants also plan HK share sales (Adds capital raising by brokerages in Hong Kong, upcoming listings) HONG KONG, June 17 (Reuters) - China's Orient Securities Co plans to launch an up to $1.15 billion share offering in Hong Kong on Monday, IFR reported, in what is expected to be the first of several mainland brokerages lining up to raise funds in the city this year. The deal comes almost a year after a stock mar
  
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