Analyst news

• Divided Wall St. clings to view of one 2016 rate hike after jobs data - poll

  08-07-2016 23:04 via news.yahoo.com
  
  Wall Street's top banks were almost evenly split over whether the Federal Reserve would raise U.S. interest rates in 2016, with a poll following Friday's strong jobs data showing a razor-thin majority expect the central bank to raise rates once by the end of the year. Eight of 15 of primary dealers, or firms that do business directly with the Fed, said the central bank would lift its target interest rate by 0.25 percentage point by the end of the year. While the result was little changed from th
  
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• Strong U.S. jobs report powers global stocks to weekly gain

  08-07-2016 22:48 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - Wall Street stocks rose on Friday, recovering all the losses sustained after Britain's surprise vote last month to leave the European Union, and equities around the globe also jumped after data showed U.S. job growth in June accelerated more rapidly than even the most optimistic forecasts. Friday's gains, which saw the S&P 500 index finish a hair below its record closing high, were enough for U.S. equities and MSCI's gauge of markets around the world to e
  
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• Is it time for MXN to make a comeback vs. US Dollar?

  08-07-2016 22:45
  Mexican Peso Trades Stronger after NFP results. Negative Divergence looks positive for Mexican Peso.
  
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• Strong U.S. jobs report powers stocks to weekly gain

  08-07-2016 22:39 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - Wall Street stocks rose on Friday, recovering all the losses sustained after Britain's surprise vote last month to leave the European Union, and equities around the globe also jumped after data showed U.S. job growth in June accelerated more rapidly than even the most optimistic forecasts. Friday's gains, which saw the S&P 500 index finish a hair below its record closing high, were enough for U.S. equities and MSCI's gauge of markets around the world to e
  
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• TSX gains as resource, bank stocks jump after jobs data

  08-07-2016 22:36 via news.yahoo.com
  
  By Alastair Sharp TORONTO (Reuters) - Canada's main stock index jumped on Friday as investors cheered a blockbuster U.S. jobs report and pushed up resource stocks, railways, industrials and banks. The move was more subdued than that seen on Wall Street, as Canada's own job growth stalled and fewer people sought work, but attention centered on the number from the much larger economy of the United States, Canada's main trading partner. The Toronto Stock Exchange's S&P/TSX composite index's gai
  
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• S&P 500 brushes record high after blowout jobs report

  08-07-2016 22:35 via news.yahoo.com
  
  The benchmark S&P 500 stock index brushed against its record closing high on Friday as Wall Street rallied after a much-larger-than-expected jump in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull. The S&P briefly traded above its record close but ended less than a point below it and was three points away from the all-time intraday high of 2,134.72 reached in May 2015. “The equity market is telling you the second quarter economy looks better tha
  
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• EUR/USD Volatility Measure Indicates Tightly Coiled Market

  08-07-2016 21:57
  52 week Bollinger Band ® width on EUR/USD is at the lower end of its historical range. Volatility is mean reverting so prepare for a change in market conditions from range to trend.
  
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• S&P 500 index nears record high after blowout jobs report

  08-07-2016 21:26 via news.yahoo.com
  
  By Rodrigo Campos and Marcus E. Howard NEW YORK (Reuters) - The benchmark S&P 500 stock index traded above its record close on Friday as Wall Street rallied after a much-larger-than-expected print in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull. The S&P traded less than four points away from the all-time intraday high of 2,134.72 reached in May 2015. After a dismal payrolls report for May that raised concerns about the health of the economy, employ
  
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• Surprisingly strong U.S. jobs report sends global stocks soaring

  08-07-2016 20:08 via rocketnews.com
  By Dion Rabouin
  NEW YORK (Reuters) – Wall Street rose on Friday, recovering all the losses sustained after Britain’s surprise vote to leave the European Union, and stocks around the globe also jumped after data showed U.S. job growth in June accelerated more rapidly than even the most optimistic forecasts.
  The U.S. economy added 287,000 jobs last month, according to the Labor Department, smashing the consensus forecast of 175,000. It was the highest total in eight months, wiping out
  
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• Surprisingly strong US jobs report sends stocks soaring

  08-07-2016 20:04 via rocketnews.com
  By Dion Rabouin
  NEW YORK (Reuters) – Wall Street rose on Friday, recovering all the losses sustained after Britain’s surprise vote to leave the European Union, and stocks around the globe also jumped after data showed U.S. job growth in June accelerated more rapidly than even the most optimistic forecasts.
  The U.S. economy added 287,000 jobs last month, according to the Labor Department, smashing the consensus forecast of 175,000. It was the highest total in eight months, wiping out
  
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• USD/JPY Sentiment Reaches Most Extreme Level Since 2012

  08-07-2016 18:56
  The recent 1000 pip move lower has drawn bottom pickers to the pair. Sentiment extremes suggests further losses in the pair.
  
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• WTI Crude Oil Price Forecast: ~13% Decline Puts Fear Back In Crude Bulls

  08-07-2016 18:30
  WTI Crude Oil (CFD: US Oil) Has Respected Significant Resistance ~$50/Bbl. Now The Dollar & Demand Will Tell Us If There Is More To Come.
  
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• USDOLLAR Remains Range-Bound Ahead of Fresh Fed Rhetoric

  08-07-2016 18:02
  Fresh remarks from Fed officials may heavily influence the USDOLLAR next week as market participants weigh the outlook for monetary policy.
  
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• Britain's FTSE 100 rises, hovers near 1-year high

  08-07-2016 18:00
  
  LONDON, July 8 (Reuters) - Britain's top share index rose to
  its highest level in nearly a year on Friday and posted its
  third straight weekly gain as investors continue to pile into
  shares of large...
  
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• European earnings outlook darkens post-Brexit

  08-07-2016 17:43 via news.yahoo.com
  
  By Vikram Subhedar LONDON (Reuters) - Two weeks after Britain's shock vote to leave the European Union, the already bleak outlook for corporate profits in the region has darkened, with near-term concerns focussed on the health of banks. As earnings season gets underway in the United States next week, with European firms set to follow later in the month, analysts are scrambling to adjust their models for the slump in sterling that followed the June 23 Brexit referendum, weaker consumer confidence
  
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• INVESTMENT FOCUS-European earnings outlook darkens post-Brexit

  08-07-2016 17:40 via news.yahoo.com
  Two weeks after Britain's shock vote to leave the European Union, the already bleak outlook for corporate profits in the region has darkened, with near-term concerns focused on the health of banks. As earnings season gets underway in the United States next week, with European firms set to follow later in the month, analysts are scrambling to adjust their models for the slump in sterling that followed the June 23 Brexit referendum, weaker consumer confidence and an expected hit to economic growth
  
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• Stellar jobs data helps Wall Street recoup Brexit losses

  08-07-2016 17:19 via news.yahoo.com
  
  The economy added 287,000 jobs in the public and private sectors in June, compared with the 175,000 expected by economists. The robust numbers confirm that the May jobs data, which was revised to 11,000 from 38,000, was an aberration and not indicative of weakness in the labor market. The Brexit vote set off a global two-day selloff that dragged the three major indexes to their lowest in 10 months in June.
  
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• Dow Jones Industrial Average "Likes" the NFP Report

  08-07-2016 16:33
  Dow Jones Industrial Average opens strong today after a better than expected jobs report. We are anticipating a break higher above 18,167.
  
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• CAC 40 Extends Gains on NFP Data

  08-07-2016 16:20
  The CAC 40 is trading higher for the first day this week, and is currently up +1.33% on the session.
  
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• Wall Street opens higher as investors cheer jobs data

  08-07-2016 16:16 via news.yahoo.com
  
  "It looks like the markets are heaving a big sigh of relief here in that it wasn't a continued weakness that would concern the market of a broader economic slowdown," said Michael Arone, chief investment strategist, State Street Global Advisors in Boston.
  
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• Blowout NFP Print Fails to Firm US Rate Hike Expectations

  08-07-2016 16:06
  This morning saw the biggest beat on the headline NFP print since 2009, and yet rate expectations for the U.S. barely moved. Markets are seemingly looking for even more 'looser for longer' from the World's largest national Central Bank.
  
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• Dan Dong Xin Tai Electric becomes first to be delisted over IPO fraud in China

  08-07-2016 16:05 via news.yahoo.com
  (Changes sourcing, adds details) SHANGHAI, July 8 (Reuters) - China's securities regulator said on Friday it will force Dan Dong Xin Tai Electric Co Ltd to delist for initial public offering (IPO) fraud, the first company to be removed from the Chinese stock market due to issues over IPO disclosure. In a move to clean up the market, the China Securities Regulatory Commission (CSRC) has fined and reprimanded 17 current and former officials in Xin Tai Electric for forging financial data for their
  
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• USD/CAD Edges Up as US NFPs Beat, Canadian Jobs Data Misses

  08-07-2016 16:00
  The Canadian labor market made no progress in June, but the unemployment rate dropped to 6.8% nevertheless.
  
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• Global stocks rally on bumper U.S. jobs data

  08-07-2016 15:21 via news.yahoo.com
  
  By Jamie McGeever LONDON (Reuters) - Stocks jumped on Friday and U.S. Treasury yields edged up from this week's record low after data showed that U.S. job growth accelerated rapidly in June, surpassing even the most optimistic of forecasts. The U.S. economy added 287,000 jobs last month, according to the Labor Department, smashing the consensus forecast of 175,000, and wiping off the table any lingering expectations that the Federal Reserve might cut interest rates in the coming months. European
  
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• Stocks rally on bumper U.S. jobs data

  08-07-2016 15:15 via news.yahoo.com
  
  Stocks jumped on Friday and U.S. Treasury yields edged up from this week's record low after data showed that U.S. job growth accelerated rapidly in June, surpassing even the most optimistic of forecasts. The U.S. economy added 287,000 jobs last month, according to the Labor Department, smashing the consensus forecast of 175,000, and wiping off the table any lingering expectations that the Federal Reserve might cut interest rates in the coming months. European stocks extended gains to trade up 1.
  
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• Best US NFPs of 2016 Means Little for US Dollar, Fed Policy Outlook

  08-07-2016 15:10
  Rates markets have only priced in an additional +8% probability of a rate hike by December 2017.
  
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• Strong jobs data set to boost Wall Street

  08-07-2016 15:08 via news.yahoo.com
  
  Data showed that 287,000 jobs were added in the public and private sectors in June, compared with the 175,000 expected by economists. The data confirms the sentiment that the dismal May report was an aberration and not indicative of weakness in the labor market. It shows the U.S. economy was on pretty firm footing going into the Brexit vote," said Brian Jacobsen, chief portfolio strategist, Wells Fargo Funds Management, Menomonee Falls, Wisconsin.
  
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• Preview for June US NFPs and Outlook for USD-pairs, Fed Policy

  08-07-2016 13:30
  The US Dollar has slipped the past few days - will the March jobs report stem the bleeding?
  
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• The Stock Market Is Heading for a Wile E. Coyote Moment

  08-07-2016 13:00 via news.yahoo.com
  
  The tailspin is catching the entire European banking industry, with Deutsche Bank (DB) collapsing well below its 2008-2009 financial crisis lows. Current market odds put those chances at just 10 percent vs. the bank’s own estimate of 70 percent.
  
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• Sensex ends lower; caution prevails ahead of earnings

  08-07-2016 12:41 via news.yahoo.com
  
  REUTERS - The Sensex edged lower on Friday and posted a small weekly loss as investors braced themselves for the start of the quarterly earnings season, with global equity markets cautiously lower ahead of U.S. jobs data. The Sensex fell 0.27 percent to close at 27,126.90. It fell 0.07 percent for the week. The Nifty ended down 0.18 percent at 8,323.20, posting a gain of 0.12 percent for the week. (Reporting by Aastha Agnihotri in Bengaluru; Editing by Gopakumar Warrier)
  
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• EUR/USD: trading activity will drop before the release of NFPR. Technical analysis for 08/07/2016

  08-07-2016 12:35 via liteforex.com
  Forex analytics: Review and dynamics In anticipation of the data on the US labor market for June, which can change movement direction in the USD in the short term, trading activity in the financial markets is gradually declining. Despite the collapse of the financial markets, which followed after the announcement of the outcome of the UK referendum, the pair EUR/USD managed to go to the resistance level of 1.1200 ...
  
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• EUR/USD: German economy is losing momentum. Fundamental analysis for 08.07.2016

  08-07-2016 12:27 via liteforex.com
  Forex analytics: According to the minutes of FOMC meeting released yesterday, at the meeting, which was held before the UK referendum, Bank’s executives warned that the exit of the UK from the EU could have significant negative consequences for economic growth in the Eurozone. Yesterday’s German data on the industrial production for May was also negative (-1.3% against expectations of zero growth), and the US ...
  
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• UPDATE 3-Nintendo shares power up as new Pokemon mobile game wins fans

  08-07-2016 11:43
  
  * Pokemon GO top free-app in iTunes after U.S. launch this
  week
  
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• USD/CAD: In the range close to the level of 1.3000. Technical analysis for 08.07.2016

  08-07-2016 11:35 via liteforex.com
  Forex analytics: Review and dynamics After reaching the annual lows at the level of 1.2525 in April, since June the pair USD/CAD has been moving in the range of 1.2635 (Fibonacci 50% to the rise since the beginning of July 2014 and the level of 1.0650) and1.3100 (ЕМА200, ЕМА144, upper line of the descending channel on the daily chart and Fibonacci 38.2%). From the point of view of trading strategy based ...
  
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• BRIEF-Banco Popolare up 10 pct as Italy bank index jumps

  08-07-2016 11:13
  
  * Shares in Banco Popolare up 10 percent after being halted
  for excessive gains
  
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• Britain's FTSE 100 rises but faces weekly loss

  08-07-2016 10:34
  
  LONDON, July 8 (Reuters) - Britain's top share index rose on
  Friday, lifted by mining stocks, although mounting signs of an
  economic hit from the country's vote to quit the European Union
  still left...
  
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• AUD/USD Technical Analysis: Treading Water Below 0.76

  08-07-2016 10:32
  The Australian Dollar is locked in a narrow consolidation range against its US namesake having managed a cautious recovery from support above the 0.73 figure.
  
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• USD/CAD Levels Ahead of NFPs, Canada’s Employment Figures

  08-07-2016 10:20
  The USD/CAD is trading sideways in early London trading hours as the market waits for the US job figures later today
  
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• Sensex set for weekly fall, caution prevails ahead of earnings

  08-07-2016 10:16 via news.yahoo.com
  
  Indian shares were headed for a weekly fall on Friday as investors braced themselves for the start of the quarterly earnings season, with global equity markets cautiously lower ahead of U.S. jobs data. With the European economy threatened by Britain's decision to leave the EU, investors are counting on the resilience of the U.S. economy to support global growth as they await closely-followed U.S. payrolls report later on Friday. Markets back home were a bit groggy after having rallied about 19 p
  
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• EUR/USD to Extend Losses on Strong Non-Farm Payrolls (NFP) Report

  08-07-2016 10:00
  A marked pickup in U.S. Non-Farm Payrolls (NFP) may open up the downside targets for EUR/USD as it puts increased pressure on the FOMC to implement a rate-hike in 2016.
  
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• USD/CAD: in anticipation of the data on NFPR. Fundamental analysis for 08.07.16

  08-07-2016 09:58 via liteforex.com
  Forex analytics: Today, investors’ attention will be focused on the US labor market data for June, which will be released at 14:30 (GMT+2). It is expected that the number of new jobs created outside the U.S agricultural sector June will grow by 175.000 jobs and unemployment rate will remain below the level of 5.0% (4.8% in June against 4.7% in May). If this forecast proves to be correct or the data including ...
  
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• Britain's FTSE 100 lifted by firmer mining stocks

  08-07-2016 09:25
  
  LONDON, July 8 (Reuters) - Britain's top shares index rose
  on Friday, lifted by mining stocks, although the more
  domestically-focused mid-cap equity index fell on mounting signs
  of an economic hit...
  
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• BRIEF-Monte Paschi shares lower in early trade

  08-07-2016 09:04
  
  * Shares open lower, down 1.7 pct at 0703 GMTFurther company coverage:
  (Reporting by Milan newsroom)
  
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• USD/CNH Technical Analysis: Move Higher Still Unable to Clear 6.7000

  08-07-2016 07:22
  The USD/CNH continues to press higher but sees three failed attempts to close above the 6.7 handle with January highs in sight
  
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• Crude Oil Prices May Rebound with Stocks on US Payrolls Data

  08-07-2016 05:54
  Crude oil prices may attempt a recovery alongside stock prices after slipping below range support yesterday if an upbeat US jobs report boosts market-wide risk appetite.
  
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• Will the US Dollar Rise if Jobs Data Tops Forecasts? Maybe Not.

  08-07-2016 05:43
  The US Dollar may not rise even if US jobs data tops expectations as a focus on external headwinds undermines an upbeat outcome’s support for Fed policy bets.
  
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• Nintendo shares jump over 10 pct in early trade

  08-07-2016 03:09
  
  July 8 (Reuters) - Shares in Japanese gaming group Nintendo
  Co jumped more than 10 percent early on Friday, buoyed
  by expectations for its recently launched Pokemon GO mobile
  game.
  
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• British Pound Unmoved As Post-Brexit UK Consumer Confidence Sinks

  08-07-2016 02:57
  The British Pound offered a tepid reaction against its major peers after a post-referendum UK consumer confidence survey experienced its sharpest decline since December 1994.
  
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• UPDATE 2-Juno cancer study halted after patient deaths, shares slide 30 pct

  08-07-2016 01:47
  
  July 7 (Reuters) - A trial of Juno Therapeutics Inc's
  genetically engineered cancer therapy, known as
  JCAR015, was put on hold by U.S. regulators after three leukemia
  patients died from side...
  
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