Analyst news

• EUR/USD Technical Analysis: Looking to Sell Above 1.11

  28-06-2016 23:44
  The Euro broke below rising trend line support guiding the recovery against the US Dollar since December 2015, suggesting the longer-term down trend may be resuming.
  
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• Congressional watchdog expands probe of lax Wall Street oversight

  28-06-2016 22:34 via rocketnews.com
  By Jonathan Spicer
  NEW YORK (Reuters) – A U.S. congressional watchdog said on Tuesday it has formally added three agencies to its investigation into whether government regulators are too soft on the banks they are meant to police.
  In March, Reuters exclusively reported that the Government Accountability Office (GAO) was preparing a probe of the U.S. Federal Reserve and other to-be-determined regulators, in response to a request by Democratic U.S. Representatives Maxine Waters and Al Green
  
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• Wall Street bounces back after two-day Brexit rout

  28-06-2016 22:29 via news.yahoo.com
  
  Wall Street bounced back on Tuesday, recouping some recent losses, as investors sought cheap assets after a two-day equities rout sparked by Britain's decision to leave the European Union. U.S. indexes joined stock markets around the world in the rebound after global equity markets had shed $3 trillion in value in the two days following Britain's shock vote, according to S&P Dow Jones Indices. "So I think you’ve seen a bit of bargain-hunting." The Dow Jones industrial average rose 269.
  
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• Wall Street bounces back after two-day selloff

  28-06-2016 22:20 via news.yahoo.com
  
  NEW YORK (Reuters) - Wall Street bounced back on Tuesday, recouping some recent losses, as investors sought cheap assets after a two-day equities rout sparked by Britain's decision to leave the European Union. The Dow Jones industrial average rose 268.87 points, or 1.57 percent, to 17,409.11, the S&P 500 gained 35.52 points, or 1.78 percent, to 2,036.06 and the Nasdaq Composite added 97.42 points, or 2.12 percent, to 4,691.87. (Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)
  
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• China’s Market News: PBOC Unleased FX Committee for Daily Fixing

  28-06-2016 21:44
  The PBOC continued to guide the Yuan stronger against the Pound. At the same time, the regulator released a new mechanism for setting daily reference rates.
  
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• Wall Street climbs after Brexit-sparked selloff

  28-06-2016 19:17 via news.yahoo.com
  
  Wall Street was higher on Tuesday as investors rushed to buy cheap after Britain's decision to leave the European Union wiped off $3 trillion from global markets over the last two trading days. Morgan Stanley, Bank of America, Citigroup and JPMorgan were all up more than 2.5 percent while Goldman Sachs rose 1 percent. Global equities commenced a downward spiral on Friday as investors scrambled to safe havens such as the yen and gold after the referendum threw questions over the future of the Eur
  
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• USD/JPY Risks Larger Recovery as FX Sentiment Narrows from Extreme

  28-06-2016 18:15
  USD/JPY may mount a larger rebound as risk appetite picks up, while retail FX sentiment narrows from fresh extremes.
  
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• USD/JPY Bounces From Brexit Lows

  28-06-2016 18:10
  The USD/JPY has risen as much as 125 pips this morning, rebounding from “Brexit” lows.
  
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• Wall Street moves higher after Brexit-induced selloff

  28-06-2016 17:18 via news.yahoo.com
  
  Banks, which were the worst hit since the referendum on Thursday, were among the most attractive stocks for bargain hunters. Morgan Stanley , Bank of America , Citigroup and JPMorgan were all up more than 2.5 percent while Goldman Sachs rose 1 percent.
  
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• Wall St moves higher after Brexit-induced selloff

  28-06-2016 17:16 via news.yahoo.com
  
  Wall Street was higher on Tuesday as investors rushed to pick up stocks after Britain's decision to leave the European Union sparked a massive two-day selloff in global markets. Banks, which were the worst hit since the referendum on Thursday, were among the most attractive stocks for bargain hunters. Morgan Stanley, Bank of America, Citigroup and JPMorgan were all up more than 2.5 percent while Goldman Sachs rose 1 percent.
  
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• Wall Street rebounds as post-Brexit bargain hunt begins

  28-06-2016 16:09 via rocketnews.com
  By Yashaswini Swamynathan
  (Reuters) – Wall Street opened sharply higher on Tuesday as investors rushed to pick up stocks after Britain’s decision to leave the European Union sparked a massive two-day selloff in global markets.
  Banks, which were the worst hit since the referendum on Thursday, were among the most attractive stocks for bargain hunters. The S&P financial index <.SPSY> rose 1.32 percent.
  Morgan Stanley <MS.N>, Bank of America <BAC.N>, Citigroup <C
  
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• S&P: No other EU downgrades post-Brexit, will look at UK banks

  28-06-2016 16:07 via news.yahoo.com
  
  Standard and Poor's said on Tuesday it had no plans to downgrade any other EU country in the wake of Britain's Brexit vote and that it will decide if any UK banks ratings should be cut in the coming weeks. "This does not lead to mechanical changes (in bank ratings)," S&P banking sector analyst Giles Edwards said on a webcast. S&P chopped the UK's credit rating by two notches to AA and kept it on a 'negative outlook' on Monday in the wake of last week's vote to leave the European Union.
  
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• GBP/USD and GBP/JPY Enter a Technical Pressure Zone

  28-06-2016 15:59
  Forex technical analysis shows Sterling is near support zones against USD and JPY. Pick up clues from SSI, GSI and the equity markets to see if prices pivot or continue lower.
  
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• Ratings agency S&P says expects BoE to help UK to dodge recession

  28-06-2016 15:56 via news.yahoo.com
  
  Britain is likely to avoid entering recession after voting to leave the European Union if the Bank of England cuts interest and restarts its quantitative easing programme, ratings agency Standard & Poor's said on Tuesday. On Monday S&P stripped Britain of its triple-A credit status, downgrading it by two notches and assigning a negative outlook due to the weaker economic outlook and more complicated relations with the EU. "Brexit is likely to represent a drag of about 1.2 percent of GDP
  
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• Wall Street opens higher as bargain hunt begins

  28-06-2016 15:37 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened sharply higher on Tuesday as investors rushed to pick up stocks beaten down by the fears and uncertainty surrounding Britain's decision to exit the European Union.
  
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• GBP/USD Driving Equities and Volatility, Likely to Persist

  28-06-2016 15:15
  Don't expect Brexit headlines to leave the newswires any time soon.
  
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• Paris steps up pitch to London bankers seeking to move

  28-06-2016 15:00 via news.yahoo.com
  
  A leading French banker and a top Paris politician cranked up the French capital's campaign on Tuesday to attract London bankers shocked by the UK vote to leave the European Union, calling for tax incentives as competition with other financial centres heats up. Big Wall Street banks and some European lenders are considering options for relocating staff now that London is on shaky ground as the region's pre-eminent financial hub. SocGen's chief executive, Frederic Oudea, said Paris could benefit
  
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• Global stocks, sterling fight back after Brexit beating

  28-06-2016 14:03 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers. Bargain hunting trumped still widespread uncertainty over Britain's vote to leave the European Union, as the bloc's leaders, including soon-to-be-ex UK Prime Minister David Cameron, held their first post-vote meeting in Brussels. Wall Str
  
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• World stocks, sterling fight back after Brexit beating

  28-06-2016 13:59 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World stocks rose for the first time in three days and sterling and the euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers. Bargain hunting trumped still widespread uncertainty over Britain's vote to leave the European Union, as the bloc's leaders, including soon-to-be-ex UK Prime Minister David Cameron, held their first post-vote meeting in Brussels. Wall Str
  
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• Brent: rebound from the level of 47.00 Technical analysis for 28.06.2016

  28-06-2016 13:56 via liteforex.com
  Forex analytics: Review and dynamics Due to the results of the UK referendum conducted and the decision to leave the EU, commodity markets, including oil market have plummeted. The price of crude oil Brent fell by $3.7 per barrel, reaching $47.00 (ЕМА50 on the weekly chart). After the shock, which the world financial markets faced after the referendum, is comparable to the crisis of 2008, with the opening ...
  
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• Brent: oil prices are rising Fundamental analysis for 28.06.2016

  28-06-2016 13:41 via liteforex.com
  Forex analytics: For two days in a row, oil market was under pressure and oil prices fell after the UK referendum. Since Tuesday morning, the black gold has traded at the price of $47.55 per barrel. However, oil prices are still not in the upward trend. Oil demand in Europe may decline in anticipation of a sharp decrease of industrial activity of the countries of Europe and also due to the exit of the UK from ...
  
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• Analytical review of the stocks of AT&T Inc. as of 28.06.2016

  28-06-2016 13:38 via liteforex.com
  Forex analytics: AT&T Inc., #T [NYSE] Technology, Telecommunications services, USA Financial performance of the company:Index – S&P 500; Beta – 0.27;Capitalization – 227.29 В; Return on asset – 4.60%;Income - 13.34 B; Average volume – 29.25 М;P/E - 18.44; ATR – 0.54Analytical review:The company ranks the fifth on capitalization in the sector of “Technologies” among the issuers ...
  
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• Nasdaq Composite: American stock indices are slightly recovering Technical analysis for 28.06.2016

  28-06-2016 11:49 via liteforex.com
  Forex analytics: Review and dynamics After the sharp decline during the two previous trading days, caused by the UK referendum, with the opening of today’s trading day, US stock indices are slightly recovering. The Nasdaq Composite index rose by almost 1.0%, trading at the resistance level of 4235.0 (Fibonacci 38.2%, the lower line of the descending channel on the daily chart). However, investors’ concerns ...
  
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• Analytical review of the currency pair USD/CAD for 28.06.2016

  28-06-2016 11:41 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 1.3071; Daily range: 1.2990-1.3087;Opening: 1.3071; 52- week range: 1.2124-1.4692;Annual revenue: +5.03%; Change in % for the previous day: +0.31; Analytical review:Over the past few trading sessions the CAD significantly fell against the USD(over 350 points). Currently, resistance level of the currency pair is 1.3085; Unexpected ...
  
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• Britain's FTSE bounces after post-Brexit slump

  28-06-2016 11:20
  
  LONDON, June 28 (Reuters) - British shares rebounded on
  Tuesday following two straight sessions of substantial falls,
  led higher by banks and travel stocks which were the hardest hit
  in the aftermath...
  
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• UPDATE 2-Shawbrook finds breaches in asset finance business, CFO resigns

  28-06-2016 11:17
  
  * Shares plunge to record low, partly recover later(Adds analyst comments, details, share movement)
  
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• USD/CAD in Play as Risk Trends Show the Way Post "Brexit"

  28-06-2016 10:35
  The USD/CAD is on our radar today as the market appears to be trading around risk trends following the “Brexit” decision
  
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• Nasdaq Composite: Investors remain apprehensive. Fundamental analysis for 28/06/2016

  28-06-2016 10:19 via liteforex.com
  Forex analytics: Following the collapse of the global stock markets last Friday, caused by the UK referendum, investors do not believe in the instant recovery of the markets and are still apprehensive about the future of the UK. On Monday, stock markets continue to decline, the Pound reached 30-year lows. During the last two trading sessions –last Friday and this Monday, major US indices lost positions ...
  
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• Earnings drop at South Africa's Omnia on weak mining sector

  28-06-2016 10:10 via news.yahoo.com
  South African diversified chemical services provider Omnia reported a fall in full-year earnings on Tuesday, dragged down by the ailing mining sector which has been hobbled by falling prices. Omnia said headline earnings per share, the main profit measure in South Africa, slumped 29 percent to 10.33 rand in the year to March compared with 14.56 in the previous year. "Overall, market conditions remain challenging and some of the key factors affecting market conditions are as follows: softer deman
  
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• L&G says balance sheet resilient, shares jump

  28-06-2016 09:58
  
  LONDON, June 28 (Reuters) - Legal & General'sbalance sheet has proven resilient following Britain's decision
  to leave the EU partly because the British insurer trimmed its
  exposure to riskier...
  
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• Fastjet to raise funds as African aviation market remains tough

  28-06-2016 09:28
  
  June 28 (Reuters) - African budget carrier Fastjet Plc
  said it needed to raise further funds to have
  sufficient working capital and implement changes as its
  operations had remained cash negative in...
  
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• Britain's FTSE rebounds after Brexit vote slump

  28-06-2016 09:26
  
  LONDON, June 28 (Reuters) - British shares rebounded on
  Tuesday led by banks and travel stocks which were the hardest
  hit in the two-day post-Brexit slump.
  
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• UPDATE 1-Shawbrook finds breaches in asset finance business, CFO resigns

  28-06-2016 09:24
  
  June 28 (Reuters) - British bank Shawbrook Group Plc
  said it expected to book an additional impairment
  charge in the second quarter due to some irregularities in its
  asset finance business and that...
  
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• South Africa's rand recovers after two days of Brexit volatility

  28-06-2016 09:22 via news.yahoo.com
  
  South Africa's rand recovered its footing against the dollar on Tuesday after two days of volatile trading spurred by Britain's decision to leave the European Union. The stock market also got off to a firm start at 0700 GMT, with the Top-40 index adding 1.3 percent, while the All-share index was up 1 percent.
  
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• British Pound May Bounce as Markets Digest Brexit Blood-Letting

  28-06-2016 07:37
  The British Pound may bounce while risky assets claw back some lost ground and haven alternatives ease back as markets digest Brexit-inspired volatility.
  
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• World stocks, sterling try to shake off Brexit blues

  28-06-2016 07:24 via news.yahoo.com
  
  By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks rose for the first time in three days on Tuesday while sterling and other currencies advanced as investors scooped up beaten down assets after Britain's vote to exit the European Union stunned financial markets. European markets looked set to follow Asian stocks higher, according to financial bookmakers, and U.S. stock futures rose 0.8 percent, suggesting a stronger opening on Wall Street after a brutal two-day slide. MSCI's broadest index
  
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• Oil, FX bounce from early lows as investors hunt for bargains

  28-06-2016 05:15 via news.yahoo.com
  
  By Saikat Chatterjee HONG KONG (Reuters) - Sterling and Asian emerging market currencies regained some footing on Tuesday and crude oil bounced as investors scooped up beaten down assets after Britain's shock vote to exit the European Union. Asian shares were generally weaker, however, despite a 0.6 percent gain in U.S. stock futures which suggested a stronger opening on Wall Street later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent, after Wall Stre
  
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• Oil, forex bounce from early lows as investors hunt for bargains

  28-06-2016 05:14 via news.yahoo.com
  
  By Saikat Chatterjee HONG KONG (Reuters) - Sterling and Asian emerging market currencies regained some footing on Tuesday and crude oil bounced as investors scooped up beaten down assets after Britain's shock vote to exit the European Union. Asian shares were generally weaker, however, despite a 0.6 percent gain in U.S. stock futures which suggested a stronger opening on Wall Street later in the day. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent, after Wall Stre
  
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• Gold Prices May Correct Lower as Brexit News-Flow Slows

  28-06-2016 04:56
  Gold prices may correct lower after spiking to the highest level in two years amid a lull in fresh news-flow informing post-Brexit referendum narrative.
  
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• Global stocks extend losses, sterling near 30-year lows in Brexit aftermath

  28-06-2016 03:09 via news.yahoo.com
  
  By Lisa Twaronite TOKYO (Reuters) - Global equities took another step down in Asia on Tuesday, with regional markets sliding and sterling wallowing near three-decade lows as Britain's shock vote to exit the European Union continued to roil financial markets. MSCI's broadest index of Asia-Pacific shares outside Japan slumped 0.3 percent, after Wall Street marked its worst two-day drop in about 10 months. Japan's Nikkei stock index was down 1.3 percent in early trading.
  
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• Global equities sell off for second day, safe-havens up in Brexit aftermath

  28-06-2016 02:39 via rocketnews.com
  By Hilary Russ
  NEW YORK (Reuters) – Global markets sold off for a second straight day on Monday, dragging the British pound to a 31-year low, while gold and safe-haven government debt rallied on Britain’s shock vote last week to leave the European Union.
  Major U.S. stock indexes recorded their worst two-day drop in about 10 months. Banking stocks led losses amid uncertainty over London’s future as the region’s financial capital.
  On Wall Street, the S&P financial index
  
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• Lyft hires investment bank Qatalyst Partners: WSJ

  28-06-2016 02:01 via news.yahoo.com
  
  (Reuters) - Ride-sharing service Lyft has hired investment bank Qatalyst Partners, the Wall Street Journal reported on Monday, citing people familiar with the matter. Qatalyst Chairman Frank Quattrone has contacted companies including large automakers about acquiring a stake in Lyft, the Journal said, citing the people.
  
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