Analyst news

• Worst day in 10 months as Wall Street reacts to 'Brexit'

  24-06-2016 23:49 via news.yahoo.com
  
  The S&P 500 turned negative for the year-to-date on Friday as Wall Street suffered its largest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed. In the busiest trading volume for a single session in nearly five years, financial stocks led the decline on the S&P 500 with a 5.4 percent drop -the largest for the sector since November 2011. The S&P 500 lost all the year's gains and suffered its largest decline since late August last ye
  
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• Brexit Leaves Room for Even Weaker Yuan

  24-06-2016 23:42
  As of 9:30 am EDT, the onshore Yuan against the British Pound (GBP/CNY) soared +8.11% to 9.0738 while the offshore Yuan (GBP/CNH) rose +7.68% to 9.0934, following Britain’s vote to depart from the EU.
  
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• USD/JPY Bearish Outlook Mired by Intervention Threat, Upbeat US Data

  24-06-2016 23:36
  In the aftermath of the U.K. Referendum, USD/JPY may face a further decline next week amid the deterioration in risk sentiment, but the fundamental developments coming out of the world’s largest economy may spur a near-term rebound in the exchange rate should the data prints put increased pressure on the Federal Open Market Committee (FOMC) to further normalize monetary policy.
  
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• British Pound to Remain Volatile as the World Adjusts to the Realities of Brexit

  24-06-2016 23:22
  The world received a lightning bolt of a shock last night as it was announced that British voters have decided to leave the European Union, and the near-term impact thus far has been profound.
  
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• Wall Street tumbles after Britons vote to leave EU

  24-06-2016 22:22 via news.yahoo.com
  
  NEW YORK (Reuters) - Bank shares tumbled on Friday to lead Wall Street's biggest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed. The Dow Jones industrial average fell 611.21 points, or 3.39 percent, to 17,399.86, the S&P 500 lost 76.02 points, or 3.6 percent, to 2,037.3 and the Nasdaq Composite dropped 202.06 points, or 4.12 percent, to 4,707.98. (Reporting by Rodrigo Campos; Editing by Nick Zieminski)
  
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• Wall St. tumbles after Britons vote to leave EU

  24-06-2016 22:11 via news.yahoo.com
  
  NEW YORK (Reuters) - Bank shares tumbled on Friday to lead Wall Street's biggest selloff in 10 months after Britain's decision to leave the European Union caught traders wrong-footed.
  
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• What the Brexit Vote Means for the US Economy

  24-06-2016 20:24 via news.yahoo.com
  
  “Once the dust of the knee-jerk market reaction settles, we think that the UK's economy will clearly be the main victim, but also that the shock for the Euro area and the global economy is likely to be significant,” economists at Bank of America Merrill Lynch wrote to clients on Friday. How businesses and consumers respond will be key — and, ultimately, whether the U.S. economy takes a more significant hit as a result of the Brexit vote may depend in large part on the severity
  
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• Wall Street slumps as Brexit takes investors by surprise

  24-06-2016 20:18 via news.yahoo.com
  
  U.S. stocks fell sharply on Friday, with the Dow Jones industrial average dropping as much as 538 points, as Britain's vote to quit the European Union sent a shock wave through global financial markets. The S&P 500 index and Dow were on track for their biggest one-day percentage drop since September, while the Nasdaq composite index was headed for its worst day since August. Global financial markets plunged and sterling sank to its lowest since 1985 after Britons voted by about 52-48 percent
  
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• US STOCKS-Wall St slumps as Brexit takes investors by surprise

  24-06-2016 20:15
  
  * Indexes down: Dow 2.83 pct, S&P 3 pct, Nasdaq 3.67 pct(Updates to early afternoon)
  
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• Amid 'Brexit' selloff, some fund managers are bargain shopping

  24-06-2016 19:20 via news.yahoo.com
  By David Randall NEW YORK (Reuters) - Britain's unexpected decision to leave the European Union spurred a global stock market selloff that has inspired some opportunistic U.S. investors to move in the opposite direction. Operating on the belief that the initial rout might be an overreaction, even in some European stocks, several fund managers said on Friday they were buying up shares of big blue chips, domestic companies that are insulated from a lot of European activity and even European compan
  
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• Wall Street slides as Brexit takes investors by surprise

  24-06-2016 18:56 via news.yahoo.com
  
  U.S. stocks fell sharply on Friday, with the Dow Jones industrial average dropping as much as 538 points, as Britain's vote to quit the European Union roiled global financial markets. The S&P 500 index and Dow were on track for their biggest one-day percentage drop since September, while the Nasdaq was headed for its worst day since January. "We're seeing some selling pressure today primarily because a lot of investors and market participants were not anticipating this outcome," said David L
  
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• US STOCKS-Wall St slides as Brexit takes investors by surprise

  24-06-2016 18:48
  
  * Indexes down: Dow 2.80 pct, S&P 2.89 pct, Nasdaq 3.39 pct(Adds details, changes comment, updates prices)
  
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• Dollar funding costs jump after Brexit vote

  24-06-2016 18:42 via news.yahoo.com
  
  NEW YORK (Reuters) - The cost for Wall Street to fund dollar-based trades rose on Friday to the highest in nearly three months as Britain's vote to leave the European Union stunned investors, causing reluctance to lend as global stock markets plunged.
  
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• Britain's financial sector reels after Brexit bombshell

  24-06-2016 18:18 via news.yahoo.com
  
  By Sinead Cruise, Andrew MacAskill and Lawrence White LONDON (Reuters) - Britain's 2.2 million financial industry workers face years of uncertainty and the risk of thousands of job cuts after the country voted to quit the European Union, an upheaval that threatens London's dominance of finance. The 'Vote Leave' campaign fronted by a slew of Conservative lawmakers and financial industry veterans claimed victory over its 'Britain Stronger in Europe' rival, after 52 percent of Britons voted to supp
  
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• UK markets shudder after Brexit vote, sterling hits 31-year low

  24-06-2016 18:08 via news.yahoo.com
  
  By Jamie McGeever and Patrick Graham LONDON (Reuters) - Sterling plunged to its lowest in three decades and the value of London's big banks sank by the most since the 2008 financial crisis as Britain's shock vote to leave the European Union triggered turmoil on global financial markets on Friday. The damage to London's stock market eased as the day wore on, helped by expectations the weaker pound would help many UK companies and by the Bank of England's promise of 250 billion pounds of extra sup
  
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• Britain's FTSE closes down 3.2 pct, banks and housebuilders slump

  24-06-2016 17:54
  
  LONDON, June 24 (Reuters) - Britain's top shares index
  fell on Friday, led lower by banks and homebuilders, but
  staged a sharp recovery from its initial slump caused by the
  country's decision to...
  
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• USD/JPY Technical Analysis: Brexit Brings A Break Below 100

  24-06-2016 17:50
  USD/JPY Broke Below The Critical 100-Level. We’ve heard from the BoJ, but whether or not the JPY will stop strengthening will continue.
  
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• "Safe haven" U.S. tobacco stocks light up amid Brexit gloom

  24-06-2016 17:30
  
  June 24 (Reuters) - Shares of the biggest U.S. tobacco
  companies were up on Fridayas investors viewed them as safe
  investments amid a sharp slump in U.S. stocks after Britain
  voted to leave the...
  
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• Wall Street slides after shock Brexit vote

  24-06-2016 17:20 via news.yahoo.com
  
  U.S. stocks fell sharply on Friday, with the Dow Jones industrial average dropping as much as 538 points, as Britain's vote to quit the European Union roiled global financial markets. The S&P 500 index and the Dow posted their biggest intraday losses in more than five months and the Nasdaq staged its biggest intraday drop in more than four months before clawing back some ground in late morning trading. "Investors are shooting first and will ask questions later." At 11:12 a.m. ET (1512 GMT) t
  
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• US STOCKS-Wall St slides after shock Brexit vote

  24-06-2016 17:17
  
  * Indexes down: Dow 2.39 pct, S&P 2.57 pct, Nasdaq 2.97 pct(Adds details, changes comment, updates shares)
  
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• CORRECTED-UPDATE 1, INTERVIEW-Top BlackRock strategist sees further sterling fall

  24-06-2016 17:13
  
  NEW YORK, June 24 (Reuters) - The British pound could weaken
  further in the next six months even if it enjoys a temporary
  rebound, a top BlackRock Inc investment strategist said
  on Friday after...
  
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• Frankfurt or bust? Wall Street bankers in London ponder life post-Brexit

  24-06-2016 17:09 via news.yahoo.com
  By Olivia Oran and Anjuli Davies NEW YORK/LONDON (Reuters) - Big Wall Street banks are scrambling to figure out what to do with their assets, workers and financial licenses abroad in light of the British vote to exit the European Union (EU). "It can't ever remain as it was." Among the questions being asked in C-suites across Wall Street: What's the best European city to house a broker-dealer, if not London? Does Frankfurt have the capacity to house tens of thousands of bankers and their families
  
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• Frankfurt or bust? Wall St. bankers in London ponder life post-Brexit

  24-06-2016 16:57 via news.yahoo.com
  
  By Olivia Oran and Anjuli Davies NEW YORK/LONDON (Reuters) - Big Wall Street banks are scrambling to figure out what to do with their assets, workers and financial licenses abroad in light of the British vote to exit the European Union (EU). "It can't ever remain as it was." Among the questions being asked in C-suites across Wall Street: What's the best European city to house a broker-dealer, if not London? Does Frankfurt have the capacity to house tens of thousands of bankers and their families
  
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• Crude Oil Prices Consolidate After Initial Brexit Decline

  24-06-2016 16:05
  WTI Crude Oil prices are consolidating after initially dropping to a new weekly low at $46.69
  
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• USD/CAD: Wave analysis and forecast for 24.06 – 01.07:

  24-06-2016 15:57 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.2810. Our opinion: Buy the pair from correction above the level of 1.2810 with the target of 1.3294. Alternative scenario: Breakdown and consolidation of the price below the level of 1.2810 will trigger further decline to 1.26 – 1.25.Analysis: Presumably, the formation of the upward correction continues in the wave B of the senior level. At ...
  
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• US STOCKS-Wall St plunges at the open after shock Brexit vote

  24-06-2016 15:50
  
  * Indexes down: Dow 2.99 pct, S&P 2.60 pct, Nasdaq 3.62 pct(Updates to open)
  
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• USD/JPY: Wave analysis and forecast for 24.06 – 01.07:

  24-06-2016 15:45 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 106.76. Our opinion: Sell the pair from correction below the level of 106.76 with the target of 94.97. Alternative scenario: Breakout and consolidation of the price above the level of 106.76 will trigger further rise up to 108.50 – 110.00. Analysis: Presumably, the formation of the long-term downtrend continues, within which the fifth wave is ...
  
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• USD/CHF: Wave analysis and forecast for 24.06 – 01.07:

  24-06-2016 15:42 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 0.9953. Our opinion: Sell the pair from correction below the level of 0.9953 with the target of 0.9510 – 0.93. Alternative scenario: Breakout and consolidation of the price above the level of 0.9953 will boost the price up to 1.0 – 1.0100. Analysis: Presumably, the formation of the third wave iii of the senior level continues. Currently, it ...
  
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• GBP/USD: Wave analysis and forecast for 24.06 – 01.07:

  24-06-2016 15:39 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.3307. Our opinion:Buy the pair from correction above the level of 1.3307 with the target of 1.4160 – 1.4350. Alternative scenario: Breakout and consolidation of the price below the level of 1.3307 will trigger the decline in the pair to the level of 1.31 – 1.30. Analysis:Presumably, the formation of the upward wave of the senior level (4) ...
  
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• EUR/USD: Wave analysis and forecast for 24.06 – 01.07:

  24-06-2016 15:34 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.09. Our opinion:Buy the pair from correction above the level of 1.09 with the target of 1.1164 – 1.1230.Alternative scenario: Breakout and consolidation of the price below the level of 1.09 will trigger the decline in the pair to 1.08 – 1.07. Analysis: Presumably, downward correction of the senior level continues as the wave ii of 3 has ...
  
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• Sterling could weaken more, but risk assets oversold -BlackRock strategist

  24-06-2016 15:28
  
  NEW YORK, June 24 (Reuters) - The British pound could weaken
  further over the next six months even if it enjoys a temporary
  rebound, top BlackRock Inc investment strategist Ewen
  Cameron Watt said on...
  
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• US STOCKS-Wall St set to open sharply lower after shock Brexit vote

  24-06-2016 15:06
  
  * Futures down: Dow 522 pts, S&P 74.25 pts, Nasdaq 160.25
  pts(Changes quote, updates prices)
  
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• Global Markets Brace for Massive Impact from Brexit

  24-06-2016 14:52
  Global markets saw extreme volatility on the back of the Brexit referendum, and this sets in course a long political process that can bring considerable uncertainty to global capital markets.
  
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• Brent: The price is at the level of 48.70. Technical analysis as of 24.06.2016

  24-06-2016 14:45 via liteforex.com
  Forex analytics: Review and dynamics Today, after the referendum in the UK, and the decision of the British people to exit from the EU, global financial markets experience a shock which can be compared with the crisis in 2008. The price of crude oil Brent fell by 3 USD per barrel, reaching $ 47.50 per barrel. The decline stopped at the level of 47.50 (bottom line of the ascending channel and ЕМА50 on the ...
  
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• US STOCKS-Futures drop after Britons vote to abandon EU

  24-06-2016 14:14
  
  * Futures down: Dow 504 pts, S&P 73.25 pts, Nasdaq 158.5 pts(Changes comment, updates prices)
  
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• Ten steepest falls in two key stock indices since January 2015

  24-06-2016 13:52 via news.yahoo.com
  Mumbai, June 24 (IANS) Following are the 10 steepest falls for two key stock market indices in India -- the sensitive index of the BSE and the Nifty of the National Stock Exchange since January 2015, in percentage terms:
  
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• Brent: Oil prices fell down. Fundamental analysis as of 24.06.2016

  24-06-2016 13:30 via liteforex.com
  Forex analytics: In accordance with the results of referendum where 52% of population voted for the exit of the country from the EU and 48% against the exit, the UK will leave the EU. The outcome of referendum has shaken financial markets, leading to the decline in the Pound by 11% and to the sharp decline in global stock markets. The banking sector of Europe has lost more than 10%, and shares of companies in the ...
  
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• Stock futures slump after Britons vote to leave EU

  24-06-2016 13:09 via news.yahoo.com
  
  S&P 500 futures and Nasdaq futures were down about 3.9 percent while those on the Dow Jones industrial average were off 3.1 percent, indicating Wall Street will open sharply lower. Amid the turmoil, sterling hit a 31-year low in its biggest intraday percentage fall on record and Prime Minister David Cameron said he would step down by October. Trading in S&P 500 and Nasdaq futures was halted briefly overnight after they fell more than 5 percent, triggering limit thresholds.
  
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• World Leaders Sound Off on Brexit as Markets Digest Volatility

  24-06-2016 12:44
  The first few hours following UK’s decision to “Brexit” the EU has seen massive price swings as the market faces the uncertainties ahead
  
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• Brexit Aftermath Analysis Directory

  24-06-2016 12:08
  The UK has opted to leave the European Union, triggering record-breaking volatility across global financial markets. Our analysis of the outcome and its legacy are compiled here.
  
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• Analytical review of the stocks of Johnson & Johnson for 24.06.2016

  24-06-2016 12:02 via liteforex.com
  Forex analytics: Johnson & Johnson, #JNJ [NYSE] Healthcare, drugs production, USA Financial performance of the company:Index – DJIA, S&P 500; Beta – 0.63;Capitalization – 287.98 В; Return on asset – 11.70%;Income - 15.41 B; Average volume – 9.22 М;P/E - 21.23; ATR – 1.81Analytical review: The company ranks the first on capitalization in the sector of “health care” among the ...
  
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• FTSE100: impact of the UK’s referendum on the index. Technical analysis as of 24.06.2016

  24-06-2016 11:40 via liteforex.com
  Forex analytics: Review and dynamics After the announcement of the results of referendum, the index FTSE100 reached the annual highs at the level of 6440.0. After yesterday’s polls it was clear that majority of residents will vote for the exit from the EU. British stock index FTSE100 dumped after the announcement of the results of the referendum. The index fell by over 11% to the level of 5770.0. Since the ...
  
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• GBPUSD, EURUSD & Gold Technical Outlook in a Post Brexit World

  24-06-2016 11:27
  The Brexit vote has triggered a cascade of unprecedented moves across the currency markets. Here are the updated targets & invalidation levels that matter.
  
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• Brexit Bloodbath Has Markets Betting on Lasting Volatility Risk

  24-06-2016 11:26
  Financial markets have come unhinged after the UK “Brexit” referendum and markets are expect heightened volatility risk to persist in the months ahead.
  
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• Analytical review of the currency pair USD/JPY as of 24.06.2016

  24-06-2016 11:20 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 106.17; Daily range: 99.03-106.84;Opening: 106.17; 52-week range: 105.52-125.86;Annual income: -10.79%; Change in % for the previous day: +0.53; Analytical review:During the Asian session the Yen has grown over 500 points against the USD, after breaking down and consolidating below the level of 103.70. At the moment the pair’s ...
  
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• CAC 40 Dives on Open

  24-06-2016 11:17
  The CAC 40 has opened down -9.99% on the day, as world equities markets move lower on news that the UK has voted for a “Brexit”.
  
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• FTSE100: British people voted to the exit from the EU Fundamental analysis as of 24.06.2016

  24-06-2016 10:55 via liteforex.com
  Forex analytics: Referendum in the UK was held and the country is leaving the EU. According to the official results, 51.9% of votes were for the exit from the EU, 48.1% voted for staying in the Union. Final results of referendum about UK’s membership in the EU: 17 410 742 people were for leaving the Union, and 16 141 241 votes were for staying in the EU. 43-year period of political and economic integration ...
  
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• USD/JPY Retail Sentiment Moves Back to Extreme With Japan Watching FX

  24-06-2016 10:20
  Retail FX sentiment is moving back towards recent extremes as USD/JPY dips below the 99.00 handle, with Japanese officials closely watching the currency market.
  
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• European Market Reactions as London Opens Post "Brexit" Decision

  24-06-2016 10:07
  Currencies slightly balance after extreme moves while European indices plunge on the open, UK banks take huge hits
  
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• S&P 500 futures slump after Britons vote to leave EU

  24-06-2016 09:32 via news.yahoo.com
  
  Futures on the S&P 500 and Nasdaq plummeted 5 percent early on Friday and triggered overnight circuit breakers after Britain's vote to quit the European Union catapulted global markets into turmoil. The drastic drops in U.S. stock index futures suggest Wall Street will open with steep losses later in the day, with the historic referendum sparking the biggest global financial shock since the 2008 financial crisis. Britain's FTSE 100 stock index slumped 7 percent in early trade.
  
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