Analyst news

• Wall Street ticks up on economy bets; Brexit fear ebbs

  21-06-2016 22:45 via news.yahoo.com
  
  U.S. stocks rose on Tuesday, led by gains in technology shares as Federal Reserve Chair Janet Yellen was optimistic about the economy and played down the risk of a recession, while concern over the upcoming British referendum remained subdued. Yellen, however, warned that the British vote on Thursday on whether to stay in the European Union, alongside a U.S. hiring slowdown, posed risks to the economic outlook. The sentiment swings back and forth and right now it is swinging toward 'remain' and
  
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• Facebook signs deals with media firms, celebrities for Live - WSJ

  21-06-2016 22:39 via news.yahoo.com
  
  (Reuters) - Facebook Inc has signed deals worth more than $50 million (34 million pounds) with media companies and celebrities to create videos for its live-streaming service, the Wall Street Journal reported. Facebook has signed nearly 140 deals, including with CNN, the New York Times, Vox Media, Tastemade, Mashable and the Huffington Post, the Journal reported on Tuesday, citing a document.
  
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• Brexit Risk Threatens Mainland through Hong Kong on Business, Equities

  21-06-2016 22:34
  China may not seem as exposed to the risk of Brexit as many Western markets, but because of the bridge from China to Hong Kong, the two regions are very much connected.
  
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• Wall Street rises on low rate bets; Brexit fears ebb

  21-06-2016 21:50 via news.yahoo.com
  
  U.S. stocks rose on Tuesday led by gains in technology shares as Federal Reserve Chair Janet Yellen was optimistic about the economy and played down the risk of a recession, while concern over the upcoming British referendum remained subdued. Yellen, however, warned that the British vote on Thursday on whether to stay in the European Union, alongside a U.S. hiring slowdown, posed risks to the economic outlook. The sentiment swings back and forth and right now it is swinging toward 'remain' and t
  
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• Wall Street banks remain top choice for new MBAs: survey

  21-06-2016 21:45 via news.yahoo.com
  
  Wall Street banks remain the employers of choice for new business school graduates, despite competition for talent from Silicon Valley, hedge funds and private equity firms, according to a study released on Tuesday. More than a quarter of those surveyed by Wall Street training firm Training the Street said they were looking to join large banks upon receiving their MBAs, followed by 17 percent who chose consulting firms. The results come as Wall Street banks are taking more active steps to both r
  
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• Merlin and Metrovacesa agree merger to form Spain's largest property group

  21-06-2016 21:35 via news.yahoo.com
  Property companies Merlin and Metrovacesa have signed an agreement to form Spain's largest real estate group by rental assets, according to a company filing with the stock market regulator. The agreement has the backing of Metrovacesa shareholders Banco Santander , BBVA and Banco Popular which will hold a combined 31.2 percent stake in Merlin after he merger. Metrovacesa's 2.1 billion euros of assets will be split between Merlin, subsidiary Testa Residencial and a new company controlled by Metro
  
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• Breaking Down BREXIT Scenarios Webinar Series

  21-06-2016 21:35
  Learn The Scenarios That We Are Watching Ahead Of The Historic Vote And Its Effect On Stearling And Risk Sentiment In This Three Part Video Series.
  
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• USD/CHF Technical Analysis: Range-Bound, but Vulnerable

  21-06-2016 21:07
  After an aggressive down-side break, the Swissy has shown range-bound price action for the past two weeks. But with Brexit around the corner, this may be a range that traders use caution around.
  
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• USD/CAD Approaching Initial Support Targets Ahead of Retail Sales

  21-06-2016 20:59
  USDCAD is trading into significant near-term support targets ahead of tomorrow’s CAD / US event risk. Here are the updated targets & invalidation levels that matter.
  
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• GBP/USD Technical Analysis: From One Doji to Another

  21-06-2016 20:25
  The Cable has been on a rollercoaster for the past two weeks, and with the Brexit referendum less than two days away, that theme is likely to continue in the near-term.
  
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• Rosneft's Sechin says not talking to Chinese or Indian companies about privatisation

  21-06-2016 20:06 via news.yahoo.com
  
  MOSCOW (Reuters) - Igor Sechin, the head of Russia's top oil producer Rosneft, told Rossiya-24 TV on Tuesday that the company has not held any talks with either Chinese or Indian companies about the state company's privatisation. He also called for selling the 19.5 percent stake, which the government plans to divest as part of a wider privatisation, to a strategic investor rather than on the stock market. (Reporting by Vladimir Soldatkin; Editing by Susan Fenton)
  
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• S&P, Dow hold gains even as Yellen paints bleak picture

  21-06-2016 19:46 via news.yahoo.com
  
  The S&P and the Dow held on to gains on Tuesday even as Federal Reserve Chair Janet Yellen warned of a slower pace of economic recovery and global risks including Britain's possible exit from the European Union. The Nasdaq was little changed as biotech stocks weighed. "The pace of improvement in the labor market appears to have slowed more recently, suggesting that our cautious approach ... remains appropriate," Yellen told the Senate Banking Committee.
  
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• GBP/JPY Technical Analysis: 900-pip Reversal into Fib Resistance

  21-06-2016 19:23
  One of the most traditionally volatile pairs has had the volume turned up in June as we near the widely-anticipated Brexit referendum.
  
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• Crude Oil Price Trades Higher for 3rd Consecutive Session

  21-06-2016 18:20
  Crude Oil Prices are set to close higher, but are finding short term resistance near $49.41
  
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• Wall Street pares gains after Yellen cautions about economy

  21-06-2016 17:07 via news.yahoo.com
  
  Wall Street gave up some gains on Tuesday after Federal Reserve Chair Janet Yellen said the central bank would be cautious in raising interest rates given risks such as Britain's membership in the European Union and a slowdown in the U.S. labor market. "The pace of improvement in the labor market appears to have slowed more recently, suggesting that our cautious approach ... remains appropriate," Yellen said. The central bank left interest rates unchanged and cut the economy's growth forecast la
  
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• USD/CAD Finds Short Term Support

  21-06-2016 17:07
  The USD/CAD has broken lower in the previous two sessions. Can the pair find support?
  
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• Wall St makes small gains at the open; Yellen awaited

  21-06-2016 16:32 via rocketnews.com
  By Yashaswini Swamynathan
  (Reuters) – Wall Street opened slightly higher on Tuesday, minutes before Federal Reserve Chair Janet Yellen was scheduled to speak before the Senate Banking Committee on the monetary policy.
  Yellen will also attend a meeting at 4:30 p.m. ET with other Fed officials.
  “The markets like it when Janet Yellen speaks and in this case it looks like the weak May jobs number really spooked her. Investors are expecting her to be accommodative and allow the markets to
  
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• MIDEAST STOCKS-Gulf mostly firm; Egypt regains some ground

  21-06-2016 16:06 via news.yahoo.com
  * Abu Dhabi's NBAD retreats, snapping two days of big gains * But UNB, ADCB jump on speculation about another merger * Saudi loses steam as Brent oil slips back below $50 * Kuwait's Americana extends rise towards acquisition price * Black market currency moves worry Egypt By Celine Aswad DUBAI, June 21 (Reuters) - Most Gulf bourses firmed on Tuesday as fresh merger speculation moved stocks in Abu Dhabi, though Saudi Arabia's stock market lost steam as oil prices fell back. Egypt's bourse partial
  
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• Mahanagar Gas Ltd's up to $154 million IPO fully covered on first day

  21-06-2016 16:04 via news.yahoo.com
  
  India's Mahanagar Gas Ltd's up to $154 million initial public offering was fully subscribed on Tuesday, signaling strong investor appetite in an overall optimistic stock market. Royal Dutch Shell's BG Asia unit and Indian state-run Gail - which owned about 45 percent each of Mahanagar Gas before the IPO - are selling 12.5 percent of their holdings each and will receive all the proceeds from the IPO. On Monday, Mahanagar Gas sold 7.35 million shares at the upper limit of the price band at 421 rup
  
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• Wall Street makes small gains at the open; Yellen awaited

  21-06-2016 15:50 via news.yahoo.com
  
  Yellen will also attend a meeting at 4:30 p.m. ET with other Fed officials. "The markets like it when Janet Yellen speaks and in this case it looks like the weak May jobs number really spooked her. Investors are expecting her to be accommodative and allow the markets to inflate a little bit," said Keith Bliss, senior vice-president at Cuttone & Co in New York.
  
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• Wall Street opens higher ahead of Yellen comments

  21-06-2016 15:38 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened higher for the second straight day on Tuesday as investors awaited Federal Reserve Chair Janet Yellen's comments on the economy. The Dow Jones industrial average was up 40.95 points, or 0.23 percent, at 17,845.82, the S&P 500 was up 4.41 points, or 0.21 percent, at 2,087.66 and the Nasdaq composite was up 8.69 points, or 0.18 percent, at 4,845.90. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Don Sebastian)
  
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• Four Markets of Extreme Vulnerability as We Approach the Brexit Vote

  21-06-2016 15:10
  Many global markets are exposed as we go into the upcoming Brexit referendum, and the potential for volatility is extremely elevated. In this article, we look at four of the more vulnerable markets going into Thursday's vote.
  
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• Analytical review of the stocks of JPMorgan Chase&Co. as of 21.06.2016.

  21-06-2016 14:13 via liteforex.com
  Forex analytics: JPMorgan Chase&Co., #JPM [NYSE] Finance, Banks, USA Financial performance of the company:Index – DJIA, S&P 500; Beta – 1.65;Capitalization – 212.84 В; Return on asset – 0.90%; Income - 22.41 B; Average volume – 19.56 М; P/E - 10.67; ATR – 1.86.Analytical review:The company ranks the fourth on capitalization in the sector of finance among the issuers traded in the ...
  
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• Will Fed Chair Yellen Save the US Dollar on Capitol Hill?

  21-06-2016 14:00
  With few USD-centric catalysts between now and the end of the week, Janet Yellen's forthcoming testimony will draw extra attention from market participants.
  
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• Futures higher as markets await Yellen comments

  21-06-2016 13:33 via news.yahoo.com
  
  * Yellen is expected to speak on the central bank's monetary policy before the Senate Banking Committee at 10:00 a.m. ET (1400 GMT) in Washington. * Wall Street, which rallied at the open on Monday, closed higher as investors breathed a sigh of relief as opinion polls showed fewer chances of Britain leaving the European Union.
  
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• Euro zone reform efforts have 'fallen by the wayside' with ECB easing: S&P

  21-06-2016 13:25 via news.yahoo.com
  
  By John Geddie LONDON (Reuters) - Euro zone governments have eased up on efforts to overhaul their struggling economies because the ECB's ultra-easy monetary policy has pushed their borrowing costs to record lows, ratings agency Standard & Poor's said on Tuesday. Speaking in London, S&P's top EMEA analyst Moritz Kraemer said there was a strong relationship between government bond yields -- an indicator of how much countries must pay to borrow -- and their willingness to undertake structu
  
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• AUD/USD: the pair has again exceeded the level of 0.7400 Technical analysis as of 21/06/2016.

  21-06-2016 13:10 via liteforex.com
  Forex analytics: Review and dynamics Due to the results of the recent polls in the UK, the pair AUD/USD has been growing since the beginning of this week. Some economists believe that if the UK continues membership in the EU, the AUD may grow by at least 1-2%. Expectations of the results of the referendum in the UK, which will be announced on Friday at 04:00, is the main driver this week generally in the market ...
  
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• UK-dependent U.S. companies downplay 'Brexit' worries

  21-06-2016 13:01 via news.yahoo.com
  
  U.S. companies which depend on the United Kingdom for sales are downplaying the risk that a vote by Britain to leave the European Union could seriously harm their businesses, even as economists and Wall Street have expressed concerns about the trans-Atlantic economic impact. Britain, the fifth-largest buyer of U.S. exports last year with an estimated $56 billion in purchases according to the U.S. Census Bureau, is scheduled to vote on Thursday to determine whether it should stay in the European
  
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• UK-dependent U.S. companies downplay 'Brexit' worries

  21-06-2016 13:01 via rocketnews.com
  By Noel Randewich and Nick Carey
  (Reuters) – U.S. companies which depend on the United Kingdom for sales are downplaying the risk that a vote by Britain to leave the European Union could seriously harm their businesses, even as economists and Wall Street have expressed concerns about the trans-Atlantic economic impact.
  Britain, the fifth-largest buyer of U.S. exports last year with an estimated $56 billion in purchases according to the U.S. Census Bureau, is scheduled to vote on Thursday t
  
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• Why earnings are expected to explode at AstraZeneca plc, Whitbread plc and Photo-Me International plc!

  21-06-2016 12:36 via rocketnews.com
  Today I’m running the rule over three Footsie growth stars.
  Not lying down
  Beverages-and-beds play Whitbread (LSE: WTB) was recently dealing 3% higher on Tuesday following the release of decent trading numbers.
  Whitbread announced that total sales leapt 8% during the 13 weeks to 2 June, while like-for-like sales climbed 1.8%. The fruits of ongoing expansion continue to offer rich rewards with revenues at Costa and Premier Inn leaping 11.5% and 8%, respectively, during the period.
  And
  
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• Euro zone reform efforts have 'fallen by the wayside' with ECB easing: S&P

  21-06-2016 12:30 via rocketnews.com
  The headquarters of the European Central Bank (ECB) is illuminated with a giant euro sign at the start of the “Luminale, light and building” event in Frankfurt, Germany, March 12, 2016. REUTERS/Kai Pfaffenbach/File Photo
  MoreLONDON (Reuters) – Euro zone governments’ have eased up on efforts to overhaul their struggling economies because ultra-easy central bank policy has pushed their borrowing costs to record lows, ratings agency Standard & Poor’s said on Tuesd
  
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• AUD/USD: AUD received support from the recent polls in the UK Fundamental analysis as of 21.06.2016.

  21-06-2016 12:15 via liteforex.com
  Forex analytics: Two polls of the last weekend showed that the number of supporters of staying of the UK in the EU slightly exceeded the number of those who wish to exit from the EU. Survey, conducted by YouGov on Monday, showed the opposite results. British referendum indicates increasing contradictions in the EU. Exit of the UK from the EU may provoke similar referendums in the other countries. The number ...
  
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• Gold Price to Look Past Yellen, Draghi as "Brexit" Vote Looms

  21-06-2016 12:04
  Crude oil and gold prices are likely to look past comments from ECB President Draghi and Fed Chair Yellen as the “Brexit” referendum continues to preoccupy the markets.
  
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• Dovish Fed Testimony to Foster EUR/USD Gains

  21-06-2016 12:00
  EUR/USD may face a near-term rally should the Fed Testimony with Chair Janet Yellen drag on interest-rate expectations.
  
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• USD/JPY: The pair is regaining after the decline from the annual lows Technical analysis as of 21.06.2016.

  21-06-2016 11:48 via liteforex.com
  Forex analytics: Review and dynamics The results of the latest polls in the UK give hope that the country may stay in the EU. Today’s statement made by the Japanese Finance Minister showed that the Bank of Japan was not going to carry out interventions to the financial market, and this fact helped the pair USD/JPY to go back to the recent lows at the level of 103.55. The price is moving to the nearest ...
  
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• Euro-Zone ZEW Survey Emphasizes “Brexit” as a Source of Uncertainty

  21-06-2016 11:29
  Euro-Zone ZEW Survey showed a strong increase in economic sentiment but emphasized “Brexit” uncertainty influence
  
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• USD/JPY: The pair is regaining Fundamental analysis as of 21.06.2016.

  21-06-2016 11:25 via liteforex.com
  Forex analytics: With the approaching of the date of referendum in the UK, tension in the financial markets is increasing. Representatives of the large world banks have already suggested measures to stabilize situation after the exit of the UK from the EU, provided that large-scale redistribution of the funds will occur in the world. In case of the exit of the UK from the EU, the Pound and Euro will sharply go ...
  
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• Analytical review of the currency pair GBP/USD as of 21.06.2016.

  21-06-2016 11:08 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 1.4692; Daily range: 1.4640-1.4723;Opening: 1.4692; 52- week range: 1.3833-1.5930;Annual revenue: -4.46%; Change in % for the previous day: +0.62;Analytical review:In the past few sessions the GBP has strengthened against the USD (over 500 points). During yesterday’s session the rally of the GBP continued and the currency grew by ...
  
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• EUR/USD Short Term Levels Ahead of Draghi and Yellen, “Brexit” Risks

  21-06-2016 10:36
  The EUR/USD is in focus today on monetary policy speculation, while “Brexit” induced market moves still capture the headlines
  
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• French insurer AXA sees lower earnings growth

  21-06-2016 09:59 via news.yahoo.com
  
  By Maya Nikolaeva and Matthieu Protard PARIS (Reuters) - French insurer AXA set on Tuesday lower earnings growth expectations for the coming years in a strategic plan incoming CEO Thomas Buberl has drawn up to cope with historically low interest rates. In the face of falling yields on its investments, AXA said it aimed to increase earnings per share by 3 to 7 percent a year in 2016-2020, down from a target of 5-10 percent in its plan for the last five years. Faced with tighter regulation and dec
  
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• Markets May Underestimate "Brexit" Threat Facing the Euro

  21-06-2016 08:46
  Financial markets may be underestimating the threat facing the Euro if the UK decides to leave the European Union following a referendum on June 23.
  
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• French insurer AXA sees lower earnings growth as low yields bite

  21-06-2016 07:51 via news.yahoo.com
  
  French insurer AXA set on Tuesday lower earnings growth expectations for the coming years in a strategic plan incoming CEO Thomas Buberl has plotted to cope with historically low interest rates. In the face of falling yields on its investments, AXA said it aimed at increasing earnings per share by 3 to 7 percent annually in 2016-2020, down from a target of 5-10 percent in its strategic plan for the last five years. "These initiatives will position AXA to grow earnings and increase dividends, eve
  
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• ASX 200 Technical Analysis: Index Trades Between Well Defined Levels

  21-06-2016 07:05
  The ASX 200 gapped above 5,200 on market open yesterday, and now appears to test prior support at 5,300 for resistance
  
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• Australian Dollar Rallies as RBA Minutes Reduce Rate Cut Bets

  21-06-2016 05:47
  The Australian Dollar gained against its major counterparts after the minutes from the June RBA policy meeting reduced rate cut expectations.
  
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• British Pound Seesaws on Conflicting Brexit Polls

  21-06-2016 01:47
  The British Pound is violently oscillating as conflicting polling data ahead of the UK “Brexit” referendum pulls prices in opposing directions.
  
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• Sports Direct, Modell's discuss joint bid for Sports Authority - WSJ

  21-06-2016 00:57 via news.yahoo.com
  
  (Reuters) - British retailer Sports Direct and New York City-based Modell's Sporting Goods are in talks for a potential deal to buy as many as 200 stores of bankrupt retailer Sports Authority, the Wall Street Journal reported on Monday, citing people familiar with the situation. Bids for the sporting goods retailer's store leases are due on Thursday, the Journal said. Sports Direct, Modell's Sporting Goods and Sports Authority were not immediately available for comment.
  
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• Sports Direct, Modell's discuss joint bid for Sports Authority – WSJ

  21-06-2016 00:57 via rocketnews.com
  Company logos are seen outside a Sports Direct store in Vienna, Austria, April 28, 2016. REUTERS/Leonhard Foeger
  More(Reuters) – British retailer Sports Direct and New York City-based Modell’s Sporting Goods are in talks for a potential deal to buy as many as 200 stores of bankrupt retailer Sports Authority, the Wall Street Journal reported on Monday, citing people familiar with the situation.
  Bids for the sporting goods retailer’s store leases are due on Thursday, t
  
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