Analyst news

• UPDATE 4-Monte dei Paschi approves privately-backed rescue plan

  29-07-2016 23:18
  
  * Atlante bailout fund to underwrite portion of bad-loan
  sales(Recasts after Monte dei Paschi statement)
  
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• Tech shares and muted GDP growth push S&P 500 to record

  29-07-2016 22:29 via news.yahoo.com
  
  Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in energy shares. Alphabet contributed the most to gains on the Nasdaq and the S&P 500. Aggregate second-quarter earnings of S&P 500 companies are now expected to fall 3.7 percent, worse than a 2.8 percent decline predicted on Thursday, according to Thomson Reuters I/B/E/S. U.S. gross dom
  
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• US STOCKS-Tech shares and muted GDP growth push S&P 500 to record

  29-07-2016 22:26 via news.yahoo.com
  Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in ...
  
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• Berkeley study finds scarce evidence of market 'front-running'

  29-07-2016 21:52 via news.yahoo.com
  
  Two University of California, Berkeley professors have taken a deep dive into new data and found that claims in Michael Lewis' bestseller "Flash Boys" that retail investors are being gouged, or "front-run," by high-speed traders not to be true - at least not now. Professors Robert Bartlett and Justin McCrary said their findings contradict the common belief that fast traders systematically exploit others who rely on public data feeds, which in the past were notoriously slow. "Flash Boys: A Wall S
  
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• EUR/USD Possible 14 Month Bullish Base

  29-07-2016 21:33
  An inverse head and shoulders pattern is visible from the May 2015 high in EUR/USD and could launch a major advance. The objective from the pattern would be near 1.2400.
  
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• Italy's Monte dei Paschi says rescue plan backed by underwriters

  29-07-2016 21:31
  
  MILAN, July 29 (Reuters) - Italian bank Monte dei Paschi di
  Siena has secured underwriters to back a turnaround
  plan involving the sale of 9.2 billion euros ($10.3 billion) in
  bad loans and a 5...
  
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• UPDATE 3-Air Canada's shares slide on capacity, fare concerns

  29-07-2016 21:23
  
  July 29 (Reuters) - Air Canada shares fell 5 percent
  on Friday after the country's largest airline posted
  second-quarter results that raised concerns about downward
  pressure on fares.
  
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• Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron

  29-07-2016 21:05 via news.yahoo.com
  
  Chevron Corp posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp reported a 59 percent slide in profit, as the long crude price rout and tumbling refining income inflicted pain across the energy sector. Exxon, the world's largest publicly traded oil producer, shocked Wall Street as its quarterly profit missed expectations, sending its shares down as much as 4.5 percent on Friday. In the United States, where Exxon is the largest natural gas producer and a major oil producer,
  
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• US STOCKS-Tech shares and flaccid GDP growth push S&P 500 to record

  29-07-2016 21:03 via news.yahoo.com
  Wall Street rose on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month as gains in technology heavyweights Alphabet and Amazon more than made up for losses in ...
  
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• USD/JPY Technical Analysis: Shocks Tend To Happen With The Trend

  29-07-2016 20:58
  USD/JPY Fell over 3% After the BoJ Disappointed JPY Bears. Now, the JPY has come nearly full-circle post-Brexit.
  
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• Oil rout erodes 2nd-quarter profits for U.S. majors Exxon, Chevron

  29-07-2016 20:38 via news.yahoo.com
  
  By Ernest Scheyder HOUSTON (Reuters) - Chevron Corp posted its worst quarterly loss since 2001 on Friday and Exxon Mobil Corp reported a 59 percent slide in profit, as the long crude price rout and tumbling refining income inflicted pain across the energy sector. "The key is to manage the cash flow as best they can and continue to execute on projects, which they do appear to be doing." Exxon, the world's largest publicly traded oil producer, shocked Wall Street as its quarterly profit missed exp
  
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• UPDATE 3-ECB approves rescue plan for Italian bank Monte dei Paschi - sources

  29-07-2016 20:13
  
  * Bank expected to fare poorly in stress test results on
  Friday
  
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• CAC 40 Fails at Critical Resistance

  29-07-2016 19:43
  The CAC 40 has turned lower after failing at critical resistance near 4,454.00.
  
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• AUD/USD Technical Analysis: Hanging Below a 5 Year Trend Line

  29-07-2016 18:44
  The sprint higher in AUD/USD today gives it an impulsive look and may be the last gasp prior to a sell-off. The key level to the topside is .7678.
  
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• Inmarsat Homes In On Smaller Rival Avanti

  29-07-2016 18:42
  Two of the London‎ stock market’s satellite operators are on course to collide in a potential £4bn takeover deal.
  Sky News has learnt that Inmarsat (Other OTC: IMASY – news) has approached Avanti Communications (LSE: AVN.L – news) about a transaction that would help to consolidate an industry struggling amid a capacity glut.
  The approach from Inmarsat was a preliminary one and talks between the two companies remain at an early stage, according to people close to the
  
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• Gold Price Regains Luster As BoJ & U.S. GDP Disappoint, Crude Oil in Support Zone

  29-07-2016 18:37
  Gold Price Remains Comfortably Trend-Support As Markets Appear Disappointed In Both U.S. GDP And The Lack of A Bazooka from BoJ on Friday.
  
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• Brexit boost eludes Europe's investment banks, shows growing gap with Wall Street

  29-07-2016 18:12 via news.yahoo.com
  Total (LSE: 524773.L - news) bond trading revenues at five of Europe's top banks fell in the second quarter, lagging U.S. counterparts who capitalised on a spike in volatility from the Brexit vote and highlighting a growing gap between the biggest Wall Street and European banks. Despite increased revenue at Barclays (LSE: BARC.L - news) and BNP (Paris: FR0000131104 - news) Paribas from fixed income, commodities and currencies (FICC), a category which includes bond trading, the outcome for the Eu
  
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• FTSE ends flat, breaks five-week winning streak as Pearson plunges

  29-07-2016 18:07
  
  * But Barclays jumps after results(Adds details, closing prices)
  
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• Big data firm Talend soars 54 pct in debut

  29-07-2016 17:17
  
  July 29 (Reuters) - Shares of Talend SA, whose
  software helps businesses crunch large amounts of data, jumped
  54 percent in their U.S. debut, valuing the company at $773.7
  million.
  
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• UPDATE 3-Health insurer Cigna to look for M&A targets if Anthem deal fails

  29-07-2016 17:16
  
  * Shares fall as much as 6.4 pct(Adds conference call comments; updates shares)
  
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• Focus Shifts to AUD/USD Amid Bets for RBA Rate-Cut

  29-07-2016 17:00
  AUD/USD may threaten the bullish formation carried over from the end of May should the Reserve Bank of Australia (RBA) further embark on its easing cycle.
  
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• Alphabet and Amazon wind up stellar quarter for big tech

  29-07-2016 16:58 via news.yahoo.com
  
  Google parent Alphabet Inc and e-commerce giant Amazon.com Inc capped a blockbuster June quarter for the five biggest U.S. tech companies as their dominance in key markets helped them defy the "law of large numbers". Apple Inc, Microsoft Corp and Facebook Inc, as well as Alphabet and Amazon, all blew past Wall Street expectations for both profit and revenue.
  
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• EUR/USD Technical Analysis: Will the Range Bound Conditions Break?

  29-07-2016 16:51
  After today's weak US GDP reading, EUR/USD has popped into 1.1166-1.1188 resistance zone.Volume is muted while sentiment is growing suggesting the potential for a surprise move.
  
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• USD/CAD: Wave analysis and forecast for 29.07 – 05.08:

  29-07-2016 16:41 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.3243. Our opinion:Sell the pair from correction below the level of 1.3243 with the target of 1.2858.Alternative scenario:Breakdown and consolidation of the price above the level of 1.3243 will trigger further rise in the pair up to 1.33 – 1.34, or higher. Analysis: Presumably, the formation of the upward correction has completed in the wave ...
  
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• USD/CAD: Wave analysis and forecast for 27.07 – 05.08:

  29-07-2016 16:41 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.3243. Our opinion:Sell the pair from correction below the level of 1.3243 with the target of 1.2858.Alternative scenario:Breakdown and consolidation of the price above the level of 1.3243 will trigger further rise in the pair up to 1.33 – 1.34, or higher. Analysis: Presumably, the formation of the upward correction has completed in the wave ...
  
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• USD/CHF: Wave analysis and forecast for 29.07 – 05.08:

  29-07-2016 16:36 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 0.9955. Our opinion: Sell the pair from correction below the level of 0.9955 with the target of 0.9510 – 0.93.Alternative scenario: Breakout and consolidation of the price above the level of 0.9955 will trigger further rise up to 1.0 – 1.0100.Analysis: Presumably, the formation of the upward correction has completed as the second wave (ii), ...
  
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• GBP/USD: Wave analysis and forecast for 29.07 – 05.08:

  29-07-2016 16:34 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.3055. Our opinion:Buy the pair from correction above the level of 1.3055 with the target of 1.3640 - 1.3880. Alternative scenario:Breakout and consolidation of the price below the level of 1.3055 may trigger further decline to 1.2780.Analysis:Presumably, the formation of the upward correction, as the wave 2, continues. Locally, it is likely ...
  
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• EUR/USD: Wave analysis and forecast for 29.07 – 05.08:

  29-07-2016 16:31 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.0960. Our opinion:Buy the pair from correction above the level of 1.0960 with the target of 1.1163 – 1.14.Alternative scenario: Breakout and consolidation of the price below the level of 1.0960 may trigger the decline in the pair to 1.08.Analysis:Presumably, the formation of the downward correction of the senior level continues, as the wave ...
  
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• Oil majors drag down S&P, Dow; tech stocks boost Nasdaq

  29-07-2016 16:22 via news.yahoo.com
  
  The S&P 500 and the Dow were lower on Friday following weak economic data and poor earnings from oil majors Exxon and Chevron. Exxon shares fell 4 percent after the oil producer reported a lower-than-expected quarterly profit. Fellow Dow component Chevron shed 2 percent after posting its biggest loss since 2001.
  
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• GBP/JPY Technical Analysis: Slammed Down to Confluent Support Zone

  29-07-2016 15:53
  After the BoJ disappointed at their most recent meeting, the Yen found a bout of strength; but with another BoJ meeting in September, traders may be using this to position-in ahead of an anticipated increase in monetary stimulus.
  
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• S&P, Dow open lower on weak earnings, data

  29-07-2016 15:34 via news.yahoo.com
  
  (Reuters) - The S&P 500 and the Dow opened lower on Friday following disappointing earnings from oil majors Exxon and Chevron and a slower-than-expected growth in second-quarter gross domestic product.
  
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• UPDATE 3-Worries over model switch overshadow Safran profit beat

  29-07-2016 15:26
  
  * Shares fall 5 percent(Adds guidance on aftermarket revenues)
  
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• USD/CAD Tumbles Despite Weak Canada GDP as US Data Impacts Fed Bets

  29-07-2016 15:25
  Weaker than expected GDP heightens concerns about economic slowdown.
  
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• S&P 500: Home On the Range

  29-07-2016 15:19
  Another day stuck in a historically tight trading range, looking for a break before getting involved.
  
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• UPDATE 3-Barclays shares jump as transatlantic refocus starts to pay off

  29-07-2016 15:15
  
  * Shares up 8.6 pct by 1245 GMT(Updates shares, CEO quote, adds branch closure plans)
  
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• Chevron posts largest quarterly loss since 2001 on weak oil prices

  29-07-2016 15:14 via news.yahoo.com
  
  Chevron Corp, the second largest U.S.-based oil producer, posted a second-quarter loss on Friday, its largest since 2001, due to the slump in crude prices and refining income. While the adjusted results beat Wall Street expectations, they highlighted the deep uncertainty facing the energy industry at a time when depressed commodity prices have eroded profitability. Chevron, as one of the oil industry's leaders, is normally seen as a bellwether of sorts, and the large loss could portend ongoing d
  
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• Analytical review of the stocks of Alphabet Inc. for 29.07.2016

  29-07-2016 15:11 via liteforex.com
  Forex analytics: Alphabet Inc., #GOOG [NASD] Technologies, Internet information providers, USA Financial performance of the company: Index – S&P 500; Beta – 0.89Capitalization – 550.00 В; Return on asset – 11.81%Income – 66.01 В; Average volume – 2.13 М.P/E – 32.25 ATR – 23.89. Analytical review:The company ranks the second on capitalization among the issuers traded in ...
  
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• DJIA: Profit taking in the long positions. Technical analysis for 29/07/2016

  29-07-2016 15:07 via liteforex.com
  Forex analytics: Review and dynamics The rise in the U.S. stock indexes has suspended after the rapid growth since the beginning of the month. After reaching the new record highs at the level of 18620, the index DJIA started to go down and is now close to yesterday's and monthly lows near the level of 18370, which is close to the lower line of the ascending channel on 4-hour chart. Our opinion On the monthly ...
  
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• US Dollar Crushed as Q2’16 GDP Disappoints Significantly

  29-07-2016 15:05
  US GDP and Personal Consumption data missed expectations across the board, hurting the US Dollar everywhere.
  
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• Exxon Mobil profit misses expectations; stock slides

  29-07-2016 14:59 via news.yahoo.com
  
  Exxon Mobil Corp, the world's largest publicly traded oil producer, posted a lower-than-expected quarterly profit on Friday due to weak crude prices and refining income, reflecting the broad malaise in the energy sector. The earnings miss surprised Wall Street, and Exxon shares fell 2.5 percent to $87.96 in premarket trading. While Exxon slashed its capital budget by 38 percent during the quarter, to $5.16 billion, cost cuts were not enough to offset depressed oil prices, which have dragged down
  
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• Seres drug for treating intestinal infection fails in study

  29-07-2016 14:19
  
  July 29 (Reuters) - Seres Therapeutics Inc said its
  experimental drug for preventing a bacterial infection of the
  large intestine missed the main goal in a mid-stage study,
  sending its shares down 74...
  
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• UPDATE 1-Monte dei Paschi set to reject UBS-sponsored rescue plan

  29-07-2016 13:24
  
  * Bank expected to fare poorly in stress test results on
  Friday
  
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• Silver Prices: Looking to Short-term Parallels for Guidance

  29-07-2016 12:56
  Silver declined off resistance, but the intra-day time-frames present points of reference moving forward.
  
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• UPDATE 2-Spain's Banco Popular fires CEO, cuts costs as profit drops

  29-07-2016 12:09
  
  * Cost cuts to deliver 175 mln euros annual savings(Adds CFO comments, details on real estate)
  
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• DJIA: The rise in the American stock indices has suspended. Fundamental analysis for 29.07.2016

  29-07-2016 11:49 via liteforex.com
  Forex analytics: The rise in the American stock indices has suspended after reaching new record highs earlier in July. Pressure on U.S. stock indexes are caused by the following factors: decline in oil prices (in July the price of oil fell by 15%);reduced but still continuing concerns about the state of the global economy after Brexit (the Bank of England has warned that Brexit would have a negative impact ...
  
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• Britain's FTSE set to break five-week winning streak as Pearson plunges

  29-07-2016 11:33
  
  LONDON, July 29 (Reuters) - British shares fell on Friday,
  with the FTSE 100 index set to end a five-week gaining
  streak as education publisher Pearson slumped after it posted
  results.
  
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• EUR/USD Unfazed by Better Than Expected 2Q GDP, CPI Figures

  29-07-2016 11:26
  The Euro was little changed versus other majors after today’s GDP and CPI figures were above expectations
  
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• Will an Upbeat Federal Reserve Burst the Market Bubble?

  29-07-2016 11:15 via news.yahoo.com
  
  It's pretty clear by now just how dependent the global financial system is on the largesse of the world's central banks. The Federal Reserve, in particular, has taken on immense importance in the post-crisis world of ultra-low interest rates, aggressive stimulus measures and constant stock market activism. After all, fundamentals seem to matter less and less (witness the five-quarter long U.S. corporate earnings recession and stretched stock valuations) while stimulus matters more and more.
  
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• XAU/USD: the pair is under pressure but in the ascending channel. Technical analysis for 29.07.2016

  29-07-2016 11:14 via liteforex.com
  Forex analytics: Review and dynamics Following sharp rise of the price of gold caused by the Fed's decision to leave interest rates unchanged, the pair XAU/USD has been declining for the second day. The price of gold has not grown even today’s sharp rise in the Yen caused by the decisions adopted by the Bank of Japan, although volatility at the time of publication of the Bank’s decisions exceeded $1 per ounce ...
  
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• XAU/USD: Decisions of the US Fed and the Bank of Japan. Fundamental analysis for 29.07.2016

  29-07-2016 10:44 via liteforex.com
  Forex analytics: At today’s meeting the Bank of Japan decided to leave the volume of government bonds purchases at the previous level of 80 trillion yen and rates on deposits of the commercial banks at the level of -0.1%. 7 out of 9 members of the board of the Bank of Japan voted for the purchase of the shares of the funds traded at the stock market (ETF) in the volume of 6 trillion yen per year. This ...
  
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