Analyst news

• UK stock index above pre-vote level: Crisis over? Not likely

  30-06-2016 23:06 via news.yahoo.com
  
  LONDON (AP) — Don't be fooled: the rebound in Britain's main stock market to where it was before the vote to leave the European Union does not mean all is now fine for the country's economy.
  
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• Goldman exec tells Libya fund trial that offering prostitutes 'unacceptable'

  30-06-2016 23:03 via news.yahoo.com
  
  By Carolyn Cohn LONDON (Reuters) - A Goldman Sachs executive's alleged arranging of prostitutes for himself and the brother of a decision-maker at Libya's sovereign wealth fund was completely unacceptable behaviour for an employee of the bank, the first witness called by Goldman told a court on Thursday. In a trial at London's High Court, the Libyan Investment Authority (LIA) is attempting to claw back $1.2 billion (906.34 million pounds) from the Wall Street investment bank from nine disputed t
  
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• Wall St. rallies for third day as Brexit bruises fade

  30-06-2016 22:24 via news.yahoo.com
  
  Wall Street rolled to a third straight day of gains on Thursday as Britain's central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International's $23 billion bid for Hershey. In the wake of the referendum, Bank of England Governor Mark Carney said on Thursday that the central bank would probably need to pump more stimulus into Britain's economy over the summer.
  
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• Wall Street rallies for third day as Brexit bruises fade

  30-06-2016 22:23 via news.yahoo.com
  
  In the wake of the referendum, Bank of England Governor Mark Carney said on Thursday that the central bank would probably need to pump more stimulus into Britain's economy over the summer. "We’re reversing the 'Brexit' as it becomes evident that it was more of a political vote and decision than an economic decision," said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.
  
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• US STOCKS-Wall St rallies for 3rd day as Brexit bruises fade

  30-06-2016 22:22 via news.yahoo.com
  Wall Street rolled to a third straight day of gains on Thursday as Britain's central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International (Xetra: A1J4U0 - news) 's $23 billion bid for Hershey. In the wake of the referendum, Bank of England Governor Mark Carney said on Thursday that the central bank would probably need to pump more stimulus into Britain's economy over the summer.
  
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• Wall St. rallies for third day, healing Brexit wounds

  30-06-2016 20:47 via news.yahoo.com
  
  Wall Street posted solid gains for a third straight day on Thursday as Britain's central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International's $23 billion bid for Hershey. The three U.S. indexes were each up at least 1 percent, and have erased the bulk of their losses in the wake of Britain's shock vote a week ago to leave the European Union that set off the worst two-day decline for Wall Street in 10 months. In the wake of the referendum, Ba
  
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• Wall Street rallies for third day, healing Brexit wounds

  30-06-2016 20:45 via news.yahoo.com
  
  The three U.S. indexes were each up at least 1 percent, and have erased the bulk of their losses in the wake of Britain's shock vote a week ago to leave the European Union that set off the worst two-day decline for Wall Street in 10 months. In the wake of the referendum, Bank of England Governor Mark Carney said on Thursday that the central bank would probably need to pump more stimulus into Britain's economy over the summer.
  
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• US STOCKS-Wall St rallies for 3rd day, healing Brexit wounds

  30-06-2016 20:43 via news.yahoo.com
  Wall Street posted solid gains for a third straight day on Thursday as Britain's central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International (Xetra: A1J4U0 - news) 's $23 billion bid for Hershey.
  
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• UPDATE 4-Hershey rejects $23 billion Mondelez takeover offer

  30-06-2016 20:42
  
  June 30 (Reuters) - Hershey Co said on Thursday it
  had rejected a $23 billion preliminary offer by Mondelez
  International Inc that would seek to expand the
  latter's U.S. footprint and create the...
  
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• UPDATE 2-Film studio Lionsgate to buy Starz for $4.4 bln

  30-06-2016 20:16
  
  June 30 (Reuters) - Lions Gate Entertainment Corp,
  the film studio behind the Hunger Games movies, said Thursday it
  would buy premium television network Starz for $4.4
  billion in cash and stock, in a...
  
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• NZD/USD Rally at Risk Ahead of ISM

  30-06-2016 20:16
  Kiwi’s post-Brexit rebound is approaching initial resistance targets ahead of tomorrow’s US ISM release. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street rallies after BoE governor hints at stimulus

  30-06-2016 19:54 via rocketnews.com
  By Lewis Krauskopf
  (Reuters) – Wall Street posted solid gains for a third straight day on Thursday as Britain’s central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International’s $23 billion bid for Hershey.
  The three U.S. indexes were each up at least 1 percent, and have erased the bulk of their losses in the wake of Britain’s shock vote a week ago to leave the European Union that set off the worst two-day decline for Wall
  
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• UPDATE 1-Canadian chemical maker Superior Plus scraps deal to buy Canexus

  30-06-2016 19:40
  
  June 30 (Reuters) - Canadian chemical maker Superior Plus
  Corp said it scrapped the acquisition of rival Canexus
  Corp as they could not agree on terms, two days after
  the C$324 million ($251 million)...
  
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• S&P cuts rating on EU to 'AA' after Brexit

  30-06-2016 19:35 via news.yahoo.com
  
  (Reuters) - Standard & Poor's Global Ratings said on Thursday it had cut its long-term credit rating on the European Union to 'AA' from 'AA+' after the United Kingdom voted to leave the bloc.
  
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• China’s Market News: PBOC Addresses Yuan’s Recent Volatility

  30-06-2016 19:27
  China’s Central Bank responded to market speculation around the Yuan. The FX regulator released China’s balance of trade and foreign debt gauges in 1Q.
  
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• Wall Street rallies after Bank of England governor hints at stimulus

  30-06-2016 19:11 via news.yahoo.com
  
  Carney said monetary policy easing would likely be required over the summer and that the BoE had measures in place to prop up the country's economy and its vast banking sector. "Central banks are doing their best to step in and send stocks higher," said Adam Sarhan, chief executive officer of Sarhan Capital. Investors will keenly watch St. Louis Fed President James Bullard's speech on U.S. monetary policy outlook for clues on the Fed's take on policy easing.
  
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• Slowing China to Foster AUD/USD Weakness Ahead of RBA Rate-Decision

  30-06-2016 18:55
  Signs of a slowing recovery in China, Australia’s largest trading partner, may drag on AUD/USD as it fuels bets for an RBA rate-cut.
  
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• GBP/USD Turns Lower as Carney Suggests Summer Easing

  30-06-2016 18:25
  The British Pound continues to slide, as Bank of England Governor Carney has suggested that further easing may be necessary over the summer months.
  
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• Britain's FTSE ends June on 2016 high

  30-06-2016 18:12
  
  * RBS sinks on downgrade(Recasts, adds detail and updates prices at close)
  
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• Consumer staples stocks boost Wall Street

  30-06-2016 17:40 via news.yahoo.com
  
  Mondelez was up 1.9 percent. All 10 major S&P sectors were higher, with the consumer staples index rising 1.43 percent. PepsiCo and Philip Morris rose about 2 percent and were the biggest influences on the index.
  
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• UPDATE 1-Brexit fuels worries about expected U.S. earnings recovery

  30-06-2016 17:32
  
  NEW YORK/SAN FRANCISCO, June 30 (Reuters) - Foreign exchange
  volatility and economic uncertainty after Britain's vote to
  leave the European Union have imperiled a projected profit
  rebound in the...
  
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• Global stocks rise as Brexit shock eases

  30-06-2016 17:09 via news.yahoo.com
  
  Wall Street echoed cooling gains in European markets after a robust two-day rebound from a heavy sell-off on the heels of the Brexit decision, even seeing London wipe out all its post-vote losses. London's benchmark FTSE 100 index pushed 0.2 percent higher, slightly behind Paris, while shares in Frankfurt were just in the black, at 0.01 percent higher. "It is here that the soft underbelly of the European economy remains, with financials under pressure again after the US subsidiaries of Deutsche
  
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• Mondelez makes takeover bid for Hershey: WSJ

  30-06-2016 16:54 via news.yahoo.com
  
  (Reuters) - Mondelez International Inc , the maker of Oreo cookies and Cadbury chocolates, has made a takeover bid for Hershey Co , the Wall Street Journal reported.
  
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• UPDATE 2-Darden Restaurants quarterly sales disappoint, shares slide

  30-06-2016 16:48
  
  June 30 (Reuters) - Darden Restaurants Inc reported
  lower-than-expected quarterly sales as fewer customers visited
  its flagship Olive Garden restaurants, and shares tumbled as
  much as 5 percent.
  
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• Wall Street rally falters as oil prices skid

  30-06-2016 16:07 via news.yahoo.com
  
  The three major indexes have recouped more than half of the losses suffered after a shock vote by Britain to leave the European Union. Oil prices fell about 2 percent, snapping a two-day rally, as investors booked profits amid resumption of supply from Nigeria. "The focus now shifts to reality and the performance of the global economy, which is not all that promising," said Peter Cardillo, chief market economist at First Standard Financial in New York.
  
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• As We Enter Q3, the Spotlight is Back on the Fed

  30-06-2016 15:48
  While the world may have to wait for the next iteration of Brexit themes to play out, the Federal Reserve's rate hike expectations come back in the spotlight as we move into Q3.
  
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• UPDATE: USD/CAD Edges Lower as Canadian April GDP Meets Expectations

  30-06-2016 15:30
  April Canadian GDP Numbers show a lukewarm bounce in economic activity.
  
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• Wall Street set to open little changed; oil skids

  30-06-2016 15:15 via news.yahoo.com
  
  The three major indexes have recouped more than half of the losses suffered after a shock vote by Britain to leave the European Union. "After the two days of strong rally, the market is going to do its own thing," said Peter Cardillo, chief market economist at First Standard Financial in New York.
  
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• AUD/USD Stalls at Resistance

  30-06-2016 14:40
  The AUD/USD has attempted to breakout lower after initially stalling at a key point of resistance.
  
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• Brexit fuels worries about expected U.S. earnings recovery

  30-06-2016 13:20 via news.yahoo.com
  
  NEW YORK/SAN FRANCISCO (Reuters) - Foreign exchange volatility and economic uncertainty after Britain's vote to leave the European Union have imperiled a projected profit rebound in the United States, where companies have been stuck in an earnings recession since last year.
  
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• GBP/USD: The pound is slowly recovering Technical analysis for 30.06.2016

  30-06-2016 13:18 via liteforex.com
  Forex analytics: Review and dynamics After the decline in the pair GBP/USD by over 11% (1500 points) due to the results of the UK referendum, the pound started to regain slowly in the currency market. The pair GBP/USD is moving in the narrow channel on the hourly chart with the nearest resistance level of 1.3670 (closing price of the "black Friday" and ЕМА144 on the hourly chart), 1.3800 (ЕМА200 on the ...
  
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• Pakistan shares close steady; rupee weaker, o/n rates rise

  30-06-2016 12:24
  
  KARACHI, June 30 (Reuters) - Pakistan stocks closed steady
  on Thursday as the 2015/16 financial year draws to a close and
  ahead of a long holiday next week for Eid, dealers said.
  
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• GBP/USD: market participants are waiting for the speech by the head of the Bank of England, Mark Carney. Fundamental analysis for 30.06.2016

  30-06-2016 12:16 via liteforex.com
  Forex analytics: Although many economists and international analysts continue to give gloomy prospects of the British pound and stock market, and the demand for safe-haven assets, such as the yen and gold is still very high, risk appetite among some market participants is increasing and they buy risky assets and the pound, particularly in the pair GBP/USD. The results of the UK referendum will affect the ...
  
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• UPDATE 2-China Vanke's second-biggest shareholder opposes proposal to oust board

  30-06-2016 11:46
  
  * Vanke in midst of high-profile China corporate power
  struggle
  
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• XAU/USD: indicator give mixed signals Technical analysis for 30.06.2016

  30-06-2016 11:31 via liteforex.com
  Forex analytics: Review and dynamics At Comex closing session yesterday, August futures for gold rose by 0.7% up to the level of 1326.90 USD per Troy ounce. Since the opening of today’s session spot-price of gold has traded in the narrow range at the level of 1315.00. After the announcement of the results of the UK referendum, the price of gold reached new annual and monthly highs at the level of $1358.00 per ...
  
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• NZD/USD Short Term Levels Ahead of BoE’s Carney Speech

  30-06-2016 11:24
  The NZD/USD is trading sideways post “Brexit”, as we put our focus on the central banks commentary ahead for further news
  
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• Analytical review of the stocks of Pfizer Inc. as of 30.06.2016

  30-06-2016 11:21 via liteforex.com
  Forex analytics: Pfizer Inc., #PFE [NYSE] Health care, production of drugs, USAFinancial performance of the company:Index – DJIA, S&P 500; Beta – 0.90;Capitalization – 186.14 В; Return on asset – 5.70%;Income - 6.95 B; Average volume – 38.61 М;P/E - 28.22; ATR – 0.58Analytical review:​The company ranks the third on capitalization in the sector of “Health care” among the issuers ...
  
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• XAU/USD: The rise in price of gold may resume. Fundamental analysis for 30/06/2016

  30-06-2016 10:43 via liteforex.com
  Forex analytics: After the exit of the UK from the EU, market continues to worry about possible negative consequence of this event, and the price of gold continues to rise. Last Friday, gold prices soared up to the two-year highs, and at the closing session in SOMEKH, August futures for gold rose by 4.7%, up to the level of 1322.00 USD per ounce, showing the largest one-day increase since September 2013. ...
  
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• Analytical review of the currency pair EUR/USD for 30.06.2016

  30-06-2016 09:43 via liteforex.com
  Forex analytics: Technical data of the currency pair:Previous closing: 1.1124; Daily range: 1.1085-1.1128;Opening: 1.1124; 52- week range: 1.0538-1.1713;Annual revenue: +1.05%; Change in % for the previous day: +0.51; Analytical review:European currency has slightly corrected after a significant decline last week (over 400 points). At the moment, key levels of support and resistance are 1.1000 and ...
  
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• Currencies Take Cues from Sentiment Trends in Brexit Aftermath

  30-06-2016 08:43
  Currency markets are likely to continue taking their cues from market-wide risk sentiment trends as the outcome of the Brexit referendum continues to be digested.
  
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• Asian stocks rise as post-Brexit rebound continues, yen held in check

  30-06-2016 08:12 via news.yahoo.com
  
  By Shinichi Saoshiro TOKYO (Reuters) - Asia stocks rose on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen was held in check as global markets regained a semblance of calm after the Brexit shock. Spreadbetters forecast a slightly higher open for Britain's FTSE, Germany's DAX and France's CAC. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5 percent, pulling further away from a one-month low on Friday when it plunged more than 3 percent i
  
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• Turkey - Factors to Watch on June 30

  30-06-2016 07:28 via news.yahoo.com
  ISTANBUL, June 30 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Thursday The lira traded at 2.8950 against the dollar at 0515 GMT, from its close of 2.8891 on Wednesday. The main share index closed 0.28 percent lower at 76,711.97 on Wednesday. GLOBAL MARKETS Asia stocks rose on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen was held in check as global markets regained a semblance of calm after the Brexit shock.
  
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• ASX 200 Technical Analysis: Index Recovering Sharply

  30-06-2016 07:09
  The ASX 200 is recovering sharply after a significant decline following “Brexit” as the index approaches the 5,300 level
  
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• GLOBAL MARKETS-Asian stocks rise as post-Brexit rebound continues, yen held in check

  30-06-2016 07:03 via news.yahoo.com
  Asia stocks rose on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen was held in check as global markets regained a semblance of calm after the Brexit shock. Spreadbetters forecast a slightly higher open for Britain's FTSE, Germany's DAX and France's CAC. MSCI (NYSE: MSCI - news) 's broadest index of Asia-Pacific shares outside Japan rose 1.5 percent, pulling further away from a one-month low on Friday when it plunged more than 3 percent in reaction to Brit
  
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• Sticky Euro-Zone Core CPI to Encourage Larger EUR/USD Rebound

  30-06-2016 07:00
  Signs of sticky price growth in the euro-area may fuel a larger rebound in EUR/USD as it dampens market speculation for additional monetary support.
  
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• US Stocks Rally After Hours as Fed Stress Test Prompts Dividends, Buybacks

  30-06-2016 06:56
  US Equities extended a strong Wednesday rally into afterhours trade after major US banks announced numerous share buybacks and dividend increases, following approval from the Fed’s yearly banking stress test.
  
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• Crude Oil Prices Recover with Risk Appetite on Brexit News Lull

  30-06-2016 05:16
  Crude oil prices are cautiously correcting higher in the context of a corrective recovery in risk appetite amid a lull in fresh Brexit-related news-flow.
  
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• Asia stocks rise as post-Brexit rebound continues, yen stays flat

  30-06-2016 04:38 via news.yahoo.com
  
  By Shinichi Saoshiro TOKYO (Reuters) - Asia stocks rose across the board on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen stopped rising as global markets regained a semblance of calm after last week's Brexit shock. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.3 percent, pulling further away from a one-month low on Friday when it plunged more than 3 percent in reaction to Britain's decision to leave the European Union. Japan's Nikkei
  
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• Asia stocks gain as post-Brexit bounce continues, yen pulls back

  30-06-2016 02:24 via news.yahoo.com
  
  By Shinichi Saoshiro TOKYO (Reuters) - Asia stocks rose on Thursday, tracking an overnight rally on Wall Street, while the safe-haven Japanese yen retreated as global markets regained a semblance of calm after last week's Brexit shock. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, pulling further away from a one-month low on Friday when it plunged more than 3 percent in reaction to Britain's decision to leave the European Union. Australian stocks added 0.3 percent
  
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• Winklevoss brothers choose BATS over Nasdaq for bitcoin ETF listing

  30-06-2016 01:37 via news.yahoo.com
  
  Investors Cameron and Tyler Winklevoss on Wednesday filed to switch the listing of their proposed bitcoin exchange-traded fund to BATS Global Markets from Nasdaq, according to a filing with the Securities and Exchange Commission. The proposed ETF, the Winklevoss Bitcoin Trust, will list 1 million shares at $65 each, according to the filing. The filing did not say why there was a change in trading venues, but over the last year BATS has emerged as one of the fastest-rising trading venues for ETFs
  
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