Analyst news

• American Express 2Q earnings jump, helped by Costco sale

  20-07-2016 23:21 via news.yahoo.com
  
  NEW YORK (AP) — American Express said Wednesday that its second-quarter profit jumped 37 percent, helped by the sale of its Costco credit card portfolio and increased spending on its namesake cards.
  
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• Scorcese film on corruption swept up in financial scandal

  20-07-2016 22:57 via news.yahoo.com
  
  A small Hollywood studio behind Martin Scorcese's stinging movie about greed on Wall Street has been swept up in a multi-billion dollar financial scandal tied to the prime minister of Malaysia. Red Granite Pictures, which produced "The Wolf of Wall Street," starring Leonardo DiCaprio, was named on Wednesday in a federal complaint that alleges the studio took part in a money laundering scheme by an investment and development company called 1MDB. The investment fund is owned by the government of M
  
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• S&P, Dow stay on record-setting run; dollar firm

  20-07-2016 22:45 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - Upbeat company earnings lifted U.S. and European stock prices on Wednesday, with the Dow and S&P 500 setting record highs, while the dollar reached a four-month peak on bets the U.S. Federal Reserve may raise interest rates by year-end. The impressive run in major equity markets around the globe led investors to reduce their safe-haven positions in U.S. and German government debt, sending their yields higher. Oil prices recovered from a two-month low aft
  
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• Microsoft helps Wall Street to another day of record highs

  20-07-2016 22:26 via news.yahoo.com
  
  Wall Street gained on Wednesday and the S&P 500 and Dow industrials set fresh records, as Microsoft's strong results boosted the indexes and marked the latest sign that U.S. corporate earnings season may be less dour than feared. Microsoft shares surged 5.3 percent after the software giant posted sharp growth in its cloud computing business.
  
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• Goldman Sachs under spotlight in Malaysian fund scandal

  20-07-2016 21:57 via news.yahoo.com
  
  Goldman Sachs' work with Malaysian sovereign wealth fund 1MDB is under the spotlight over U.S. government allegations that billions of dollars were diverted for the personal use of officials in the southeast Asian country. The Wall Street bank helped 1MDB raise $6.5 billion in three bond sales in 2012 and 2013 to invest in energy projects and real estate to boost the Malaysian economy. Prosecutors said the money was used to buy artwork, including paintings by Vincent Van Gogh and Claude Monet, l
  
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• U.S. sues to seize $1 billion in assets tied to Malaysian state fund

  20-07-2016 21:56 via news.yahoo.com
  
  By Julia Edwards WASHINGTON (Reuters) - U.S. prosecutors sued on Wednesday to seize more than $1 billion in assets they said were tied to an international scheme to launder money stolen from the Malaysian state fund 1MDB, which was overseen by Prime Minister Najib Razak and used to finance the Hollywood film "Wolf of Wall Street" and to buy property and famous works of art. Civil lawsuits filed in federal court did not name Najib, referring instead to "Malaysian Official 1." Some of the allegati
  
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• S&P, Dow hit records; dollar inches to four-month high

  20-07-2016 21:53 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - Upbeat company earnings lifted U.S. and European stock prices on Wednesday, with the Dow and Standard & Poor's 500 setting record highs, while the dollar reached a four-month peak on bets the U.S. Federal Reserve may raise interest rates by year-end. The impressive run in major equity markets around the globe led investors to reduce their safe-haven positions in U.S. and German government debt, sending their yields higher. Oil prices recovered from a two
  
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• Microsoft propels Wall Street to new record highs

  20-07-2016 20:55 via news.yahoo.com
  
  Wall Street gained on Wednesday, sending the S&P 500 and Dow industrials to fresh records, as Microsoft's strong results boosted the indexes and marked the latest sign that U.S. corporate earnings season may be less dour than feared. Microsoft shares surged 6.3 percent after the software giant posted sharp growth in its cloud computing business. "It seems like the weaker parts of the market are starting to at least try and keep pace with the stronger parts and there really hasn’t been
  
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• USD/CHF Technical Analysis: Swissy Sticking with the Channel

  20-07-2016 20:44
  While the US Dollar breakout continues higher, USD/CHF has remained in a relatively clean, upward-sloping channel.
  
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• EUR/USD Battle Lines Drawn Ahead of ECB- Levels To Know

  20-07-2016 20:18
  The decline is approaching near-term support targets ahead of tomorrow’s rate decision. Here are the updated targets & invalidation levels that matter into the release.
  
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• GBP/JPY Technical Analysis: Five Days of Res at the 61.8, but Not Quite Bearish

  20-07-2016 20:14
  GBP/JPY has now found five consecutive days of resistance at a key Fibonacci level, but given the pattern of recent higher-lows, traders may want to look to the other side of the move.
  
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• First Utility Eyes Share Sale As IPO Spark Fades

  20-07-2016 19:46 via news.yahoo.com
  
  The biggest challenger to Britain's big six energy suppliers is preparing for an ownership shake-up as the prospect of a stock market listing recedes amid continued uncertainty about the industry's regulation. Sky News has learnt that investors in Impello, the parent company of First Utility, approved at its annual meeting this month a resolution to conduct a secondary share sale in the coming months. Financial advisers will be appointed to work with a steering committee formed of First Utility
  
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• GBP/USD Technical Analysis: Choppy Cable Seeks Resistance

  20-07-2016 19:43
  While USD breaks out to fresh highs, the Cable remains above previous support; highlighting that the down-trend may not yet be ready for continuation plays.
  
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• US goes after more than $1B taken from Malaysian fund

  20-07-2016 19:17 via news.yahoo.com
  WASHINGTON (AP) — The United States moved Wednesday to recover more than $1 billion that federal officials say was stolen from a Malaysian sovereign wealth fund and that was used for high-end real estate, fancy artwork and production of the Hollywood film, "The Wolf of Wall Street."
  
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• Microsoft powers Dow, S&P to fresh records

  20-07-2016 19:06 via news.yahoo.com
  
  Microsoft surged 6.9 percent to $56.75, providing the biggest boost to the three major indexes, after its results handily beat expectations on strong cloud growth. Also pushing up technology stocks was Cisco , up 2.2 percent at $30.56. Morgan Stanley was up 2.2 percent at $28.83 after its profit topped analysts' estimates, rounding off upbeat results from the six biggest Wall Street banks.
  
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• China’s Market News: Yuan Stages Biggest Rally in Two Weeks

  20-07-2016 18:33
  It appears as if the PBOC would like the Yuan to stay below 6.70 for now.
  
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• USD/JPY Move on Critical Resistance at 107.00

  20-07-2016 18:30
  The USD/JPY continues to trade higher, and is approaching daily trendline resistance at 107.00.
  
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• NZD/USD Continues to Search for Support Ahead of RBNZ Update

  20-07-2016 18:30
  NZD/USD may continue to carve lower highs & lowers over the coming days should the RBNZ show a greater willingness to further embark on its easing cycle.
  
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• Microsoft, Morgan Stanley lift Dow, S&P to records

  20-07-2016 17:35 via news.yahoo.com
  
  U.S. stocks rose on Wednesday, with the Dow and the S&P 500 hitting fresh records, as Microsoft's strong results boosted optimism regarding the health of quarterly earnings. Microsoft surged 6.4 percent to $56.47, providing the biggest boost to the three major indexes, after its results handily beat expectations. The technology index rose 1.34 percent, leading the six gainers among the 10 major S&P sectors.
  
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• Factbox: Wall Street and commodity risk - Morgan Stanley measure slips

  20-07-2016 17:35 via news.yahoo.com
  The VaR is a risk-reward indicator that measures the commodities exposure of Wall Street banks. Earlier Wednesday Morgan Stanley reported better-than-expected quarterly results boosted by bond trading revenue. Fixed income and commodities sales and trading net revenues totaled $1.3 billion, up from $873 million in the prior quarter and almost unchanged from last year, even after selling its oil merchant business in the fourth quarter of 2015.
  
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• Wall Street and commodity risk - Morgan Stanley measure slips

  20-07-2016 17:33 via news.yahoo.com
  (Reuters) - Morgan Stanley Inc's commodity trading risk measure, known as Value-at-Risk (VaR), fell to its lowest in at least three years in the quarter through June, the bank said on Wednesday, as the Wall Street bank reported higher commodities revenue. The bank's daily average VaR indicator was $10 million (£7.5 million) in the second quarter, down $1 million from the previous quarter and compared with $16 million a year earlier. The VaR is a risk-reward indicator that measures the comm
  
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• EUR/USD Higher after July EZ Consumer Confidence Falls Less than Forecast

  20-07-2016 17:10
  Consumer Confidence continues its downtrend in the Eurozone in the wake of the Brexit fallout
  
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• Retail FX Traders Point to Significant Changes for Yen

  20-07-2016 17:00
  Retail FX traders are now net-short the US Dollar versus the Japanese Yen for the first time since the pair traded near ¥120 through late 2015.
  
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• S&P, Dow set records; dollar hits four-month high

  20-07-2016 16:31 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - Upbeat company earnings lifted U.S. and European stock prices on Wednesday, with the Dow and Standard & Poor's 500 setting record highs, while the dollar reached a four-month peak on bets the U.S. Federal Reserve may raise interest rates by year-end. The impressive run in major equity markets around the globe led investors to reduce their safe-haven positions in U.S. and German government debt, sending their yields higher. Oil prices fell to a two-month
  
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• MIDEAST STOCKS-Qatar, Saudi fall on Q2 earnings misses; FX troubles Egypt

  20-07-2016 16:31 via rocketnews.com
  * Commercial Bank of Qatar slumps 6.6 pct on Q2 earnings
  * Saudi Electricity weighs on local market
  * But major Saudi banks advance after earnings
  * Egyptian pound sinks further in black market
  * Emaar Properties pulls up Dubai
  By Celine Aswad
  DUBAI, July 20 (Reuters) – Stock markets in Qatar and Saudi Arabia were pulled lower on Wednesday by two blue-chip companies whose weak second-quarter earnings missed forecasts, while Egypt was hurt by a fresh slide of its currency in the black marke
  
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• S&P, Dow set records; dollar hits 4-month high

  20-07-2016 16:30 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - Upbeat company earnings lifted U.S. and European stock prices on Wednesday, with the Dow and Standard & Poor's 500 setting record highs, while the dollar reached a four-month peak on bets the U.S. Federal Reserve may raise interest rates by year-end. The impressive run in major equity markets around the globe led investors to reduce their safe-haven positions in U.S. and German government debt, sending their yields higher. Oil prices fell to a two-month
  
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• Microsoft lifts Dow, S&P to records, before oil limits gains

  20-07-2016 16:08 via rocketnews.com
  By Tanya Agrawal and Anya George Tharakan
  (Reuters) – The Dow and the S&P 500 were little changed on Wednesday, easing after hitting fresh intraday records, as the boost to tech stocks from Microsoft’s results was curbed by a drop in energy stock as oil prices fell.
  Microsoft <MSFT.O> was up 4.9 percent at $55.72, making it the biggest boost to the three major indexes, after its results handily beat expectations.
  The technology index <.SPLRCT> rose 1.05 percent, leadi
  
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• S&P, Dow hit new peaks on strong earnings

  20-07-2016 15:33 via news.yahoo.com
  
  (Reuters) - The S&P 500 and the Dow touched new highs at the open on Wednesday, extending a record-setting rally, after Morgan Stanley and Microsoft reported strong quarterly results.
  
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• Pakistan shares end lower; rupee stronger, o/n rates rise

  20-07-2016 15:32
  
  KARACHI, July 20 (Reuters) - Pakistan stocks ended lower for
  a second session on Wednesday, led by oil and gas stocks on
  falls in oil prices overnight and in early Asian trade, and as
  investors...
  
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• Dow Jones Industrial Average Keeps Punching All-Time Highs

  20-07-2016 15:14
  Dow Jones Industrial Average tacked on another close to all-time highs yesterday. The daily moves have become less extreme over the past week as the market is digesting its gains near measured wave relationships.
  
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• Brexit bump instills no confidence among bond traders

  20-07-2016 15:10 via news.yahoo.com
  
  Revenue from fixed income, currency and commodities trading at the five biggest U.S. banks rose 21 percent to $13.1 billion in the second quarter from a year earlier, Reuters calculated from their reported results. The banks benefited from Britain's surprise vote to leave the European Union, which rippled across global markets and led to record currency volumes for some big banks. Some upcoming monetary policy decisions may spur more action, but Wall Street is unsure that this will be a turnarou
  
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• Will the Fed Feedback Loop See the Bank Take Another Hawkish Tilt?

  20-07-2016 15:00
  As U.S. stock prices have ascended to even-higher all-time-highs on the back of Central Bank dovishness, it may be an opportune time for the Fed to take on a hawkish stance towards rate hikes. Again.
  
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• Analytical review of the stocks Johnson & Johnson for 20.07.2016.

  20-07-2016 14:51 via liteforex.com
  Forex analytics: Johnson & Johnson, #JNJ [NYSE] Healthcare, production of drugs, 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 – 1.81. Analytical review:The company ranks the first on capitalization in the sector of “health care” ...
  
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• USDOLLAR Breakout Lacks EUR/USD Participation; Preview for ECB

  20-07-2016 14:33
  The ECB will likely use tomorrow's meeting to pave the way for more easing at the end of this year.
  
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• Global stocks resilient amid solid corporate earnings

  20-07-2016 14:30 via rocketnews.com
  LONDON (AP) — Stock markets around the world were proving resilient on Wednesday in the face of a fairly gloomy economic outlook from the International Monetary Fund. How U.S. markets perform, however, could hinge on a raft of corporate earnings statements.
  KEEPING SCORE: In Europe, Germany’s DAX was up 1.4 percent at 10,117 while the CAC-40 in France rose 1 percent to 4,372. The FTSE 100 index of leading British shares was 0.1 percent higher at 6,704. Wall Street was poised for sol
  
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• AUD/USD: to the levels of 0.7445 and 0.7415. Technical analysis for 20/07/2016.

  20-07-2016 14:13 via liteforex.com
  Forex analytics: Review and dynamicsAt the end of last week and since the beginning of today's trading session, the pair AUD/USD has declined. Currently, support levels are at 0.7500 (EMA144), 0.7480 (EMA200 and the lower line of the ascending channel on 4-hour chart). The pair AUD/USD remains above the key support levels of 0.7415 (EMA200 on the daily chart), 0.7445 (EMA50 on the weekly chart and Fibonacci ...
  
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• UPDATE 2-VW profit tops forecast, but takes another dieselgate hit

  20-07-2016 14:01
  
  * But sets aside another 2.2 bln euros for dieselgate(Adds analyst comments, background, updates shares)
  
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• UPDATE 1-SunEdison looking to sell interests in unit Terraform Global

  20-07-2016 13:46
  
  July 20 (Reuters) - Bankrupt solar company SunEdison Inc
  is looking to sell its interests in Terraform Global
  Inc, the "yieldco" said on Wednesday.
  
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• REFILE-UPDATE 4-Japanese gamers left waiting for Pokemon GO's home launch

  20-07-2016 13:43
  
  * TechCrunch says Japan launch was due Wednesday but now
  delayed
  
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• Morgan Stanley reports better-than-expected quarterly profit

  20-07-2016 13:39 via news.yahoo.com
  
  (Reuters) - Wall Street investment bank Morgan Stanley reported a lower, but better-than-expected, adjusted second-quarter profit on Wednesday, helped by a decline in expenses. The bank said its net income attributable to common shareholders was $1.43 billion, or 75 cents per share, in the quarter ended June 30. Analysts on average had expected earnings of 59 cents per share in the latest quarter, according to Thomson Reuters I/B/E/S. Morgan Stanley reported an adjusted profit of $1.69 billion,
  
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• USD/CAD Levels to Watch in US Trading Hours, Crude Inventories Ahead

  20-07-2016 13:33
  The USD/CAD is trading higher as we approach US trading hours, but a quiet economic calendar might see Oil leading the way
  
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• Futures point to higher start, U.S. earnings in focus

  20-07-2016 13:33 via news.yahoo.com
  
  (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Wednesday, taking cues from the U.S. market amid strong quarterly results from companies including Microsoft Corp . September futures on the S&P TSX index up 0.34 percent at 7:15 a.m. ET. The Toronto Stock Exchange's S&P/TSX composite index dipped slightly on Tuesday as oil prices fell and resource stocks retreated, offsetting gains due to consumer and technology stocks. No major Canadian or U.S. data re
  
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• Morgan Stanley reports fall in quarterly profit

  20-07-2016 13:08 via news.yahoo.com
  
  (Reuters) - Wall Street investment bank Morgan Stanley reported a fall in adjusted second-quarter profit on Wednesday as cost-cutting failed to make up for a decline in revenue from trading and investment banking. The bank said its net income attributable to common shareholders was $1.43 billion (£1.08 billion), or 75 cents per share, in the quarter ended June 30. Morgan Stanley reported an adjusted profit of $1.69 billion, or 79 cents per share, a year earlier.
  
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• Tech earnings lift Europe shares, dollar up on Fed hike bets

  20-07-2016 13:03 via news.yahoo.com
  
  By Nigel Stephenson LONDON (Reuters) - Forecast-beating earnings in the tech sector lifted European shares on Wednesday and the dollar strengthened on growing expectations the U.S. Federal Reserve may raise interest rates before the end of the year. Oil prices edged up before U.S. data that may signal whether a supply glut in the top consuming country was easing, while the stronger dollar weighed on commodity prices. The tech sector has been in focus this week since Japan's Softbank agreed to bu
  
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• GLOBAL MARKETS-Tech earnings lift Europe shares, dollar up on Fed hike bets

  20-07-2016 12:56 via news.yahoo.com
  Forecast-beating earnings in the tech sector lifted European shares on Wednesday and the dollar strengthened on growing expectations the U.S (Other OTC: UBGXF - news) . Oil prices edged up before U.S. data that may signal whether a supply glut in the top consuming country was easing, while the stronger dollar weighed on commodity prices. Wall Street looked set to open higher , according to index futures.
  
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• USD/CAD Hits Resistance After 4 Day Advance

  20-07-2016 12:51
  The USD/CAD is trading at resistance after advancing for its 4th consecutive session.
  
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• AUD/USD: AUD remains under pressure. Fundamental analysis for 20.07.2016.

  20-07-2016 12:05 via liteforex.com
  Forex analytics: Today’s statistics showed that Westpac leading economic indicator fell in May (-0.20% against the rise of 0.21% a month earlier). This index tracks the dynamics of nine indicators of economic activity and evaluates the state of economy in the country.Recent US data is all positive. According to the US data released yesterday, the number of permits to construct in June, as well as new housing ...
  
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• Crude Oil Prices Rise, Gold Falls as BOE Talks Down Brexit Impact

  20-07-2016 11:54
  Crude oil prices rose while gold fell amid a broad swell in market-wide risk appetite after the Bank of England painted an upbeat picture of the post-Brexit UK economy.
  
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• GBP/USD Spikes Higher After Jobs Data and BoE Comments

  20-07-2016 11:44
  The British Pound pushed higher versus all other majors as unemployment dropped, BoE says no evidence of sharp slowing after Brexit
  
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• XAU/USD: The pair is likely to decline. Technical analysis for 20.07.2016.

  20-07-2016 11:23 via liteforex.com
  Forex analytics: Review and dynamicsUSD has been growing in the currency market in the past few days. With the opening of the trading day on Wednesday the prices are under pressure and the pair XAU/USD traded at support level of 1323.00 (Fibonacci 38.2%, EMA144 on 4-hour chart). Investors had diverted attention from Brexit and switched their attention to macro-economic statistics. Due to the recent positive US ...
  
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