Analyst news

• Canada Pension Plan invests $280 million in Advance Disposal

  03-08-2016 23:32 via news.yahoo.com
  Canada Pension Plan Investment Board (CPPIB) said it has invested $280 million in U.S. waste collection company Advance Disposal Services , which postponed a planned stock market listing earlier this year. Advanced Disposal is the fourth largest solid waste company in the United States, serving customers across 16 states and the Bahamas. It was acquired by private equity firm Highstar Capital in 2006 but put off a planned initial public offering in February, citing volatile market conditions.
  
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• Energy, financial stocks give Wall St. modest lift

  03-08-2016 22:22 via news.yahoo.com
  
  Wall Street advanced modestly on Wednesday after a sharp rise in oil prices boosted energy shares, while better-than-anticipated data on the labor market helped financial stocks. U.S. oil prices jumped more than 3 percent to settle at $40.83 a barrel after a larger-than-expected gasoline draw offset a surprise build in U.S. crude stockpiles. If it can’t hold $40, there is going to be more pressure on the overall market," said Tim Ghriskey, chief investment officer of Solaris Group in Bedfo
  
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• Energy, financial stocks give Wall Street modest lift

  03-08-2016 22:13 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Wall Street advanced modestly on Wednesday after a sharp rise in oil prices boosted energy shares, while better-than-anticipated data on the labour market helped financial stocks. U.S. oil prices jumped more than 3 percent to settle at $40.83 a barrel after a larger-than-expected gasoline draw offset a surprise build in U.S. crude stockpiles.
  
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• GBP/USD Rally to Face BoE- Outlook Remains Constructive Above 1.3160

  03-08-2016 22:00
  Sterling is eyeing near-term resistance ahead of the BoE. Here are the updated targets & invalidation levels that matter into the release.
  
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• Global stocks slip for third day, dollar recovers ground

  03-08-2016 21:42 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - Global equity prices slipped for a third straight day on Wednesday on growing nervousness about central bank policy, even as Wall Street clung to slim gains. The dollar rallied as investors squared positions ahead of Friday's U.S. non-farm payrolls report, data that should help determine the timing of the next Federal Reserve interest rate hike. "The central banking issue is more of a factor of everybody trying to stimulate their economies, and how much
  
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• Wall Street edges up on energy, financials

  03-08-2016 21:08 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Wall Street edged higher on Wednesday after a sharp rise in oil prices boosted energy shares, while encouraging data on the labour market helped financial stocks. U.S. oil prices jumped more than 3 percent to $40.84 a barrel, rising for the first time in six days, after a larger-than-expected gasoline draw offset a surprise build in U.S. crude stockpiles.
  
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• EUR/JPY Technical Analysis: BOJ Breakdown

  03-08-2016 20:57
  After two weeks of Yen weakness leading into BoJ, a stark reversal was seen after the bank underwhelmend stimulus hopes. But with another meeting in September, the prospects for more stimulus aren't yet dead.
  
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• China’s Market News: Four Regulators Cooperate to Curb Risks

  03-08-2016 20:48
  China’s most powerful authorities are working together to tighten regulations on financial markets. This may be bad news for Chinese equities but could benefit bonds.
  
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• GBP/JPY Bound to Support Before BoE

  03-08-2016 20:22
  GBPJPY is trading just above key support with the short-bias at risk ahead of the BoE rate decision. Here are the updated targets & invalidation levels that matter.
  
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• Wal-Mart in talks to buy online retailer Jet.com - report

  03-08-2016 19:58 via news.yahoo.com
  
  (Reuters) - Wal-Mart Stores Inc is in talks to buy Jet.com, which launched a year ago and was considered a threat to larger rivals like Amazon.com Inc due to its innovative pricing software, the Wall Street Journal reported on Wednesday. Wal-Mart, seeking to grow its e-commerce business, acquired a majority stake in Chinese e-commerce firm Yihaodian in 2012. The Journal, citing people familiar with the matter, did not say how much Wal-Mart would pay for Jet.com.
  
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• Gold Prices Move Down to Trend-Line Support Ahead of BOE

  03-08-2016 19:30
  Gold prices have enjoyed an aggressive top-side run in 2016 as Global Central Banks have countered weakness with more dovish policy. With Gold at support ahead of BOE, are markets in for another bullish run?
  
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• Gains in energy, financial stocks boost Wall Street

  03-08-2016 19:29 via news.yahoo.com
  
  Wall Street was higher on Wednesday after a sharp rise in oil prices boosted energy shares, while robust jobs data helped financial stocks. If the labor market is able to build on its recent strength, it could make the case for the Federal Reserve to raise interest rates later this year. "I think any kind of strength in the overall economy does help the financials because it increases the prospects of the Fed being able to raise interest rates," said Robert Pavlik, chief market strategist at Bos
  
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• UPDATE 2-UniCredit capital drop adds to Italy's bank troubles

  03-08-2016 19:03
  
  * UniCredit working to plug 7-8 bln euro capital gap-sources(Adds analyst comment, context)
  
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• USD/JPY Consolidates Ahead of Friday’s NFP Announcement

  03-08-2016 18:30
  The USD/JPY is consolidating with an inside bar after yesterday’s 216 pip decline.
  
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• FTSE posts lowest close in three weeks, though HSBC leads banks

  03-08-2016 18:28
  
  * Next shares gain after update(Adds detail, updates prices at close)
  
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• Stocks slip for third day, dollar recovers ground

  03-08-2016 18:02 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - Global equity prices slipped for a third straight day on Wednesday, pressured by growing nervousness about central bank policy and spiking world bond yields, while the dollar firmed as investors turned their focus to Friday's U.S. payrolls data. Global equity prices, weighed down by a sharp drop in Japanese stocks on surging Japanese government bond yields and a strengthening yen, found little support from Wall Street. "The central banking issue is more
  
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• GLOBAL MARKETS-Stocks slip for third day, dollar recovers ground

  03-08-2016 17:57 via news.yahoo.com
  Global equity prices slipped for a third straight day on Wednesday, pressured by growing nervousness about central bank policy and spiking world bond yields, while the dollar firmed as investors turned their focus to Friday's U.S. payrolls data. Global equity prices, weighed down by a sharp drop in Japanese stocks on surging Japanese government bond yields and a strengthening yen, found little support from Wall Street.
  
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• Wal-Mart in talks to buy online retailer Jet.com: WSJ

  03-08-2016 17:33 via news.yahoo.com
  
  (Reuters) - Wal-Mart Stores Inc is in talks to buy online retailer Jet.com, the Wall Street Journal reported, citing people familiar with the matter. It was not clear how much Wal-Mart would pay, but Jet.com could be worth as much as $3 billion, the WSJ said. (http://on.wsj.com/2b2FbPz) Marc Lore launched Jet.com in July last year, promising big discounts in exchange for members placing large orders and paying an annual fee. Jet.com, considered a close competitor to Amazon.com Inc and Wal-Mart,
  
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• Analytical review of the stocks of AT&T Inc. for 03.08.2016.

  03-08-2016 17:26 via liteforex.com
  Forex analytics: AT&T Inc., #T [NYSE] Technologies, 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 – 0.54.Analytical review: The company ranks the fifth on capitalization in the sector of ...
  
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• Gains in financials, energy shares lift Wall Street

  03-08-2016 17:18 via news.yahoo.com
  
  (Reuters) - Wall Street was higher in choppy trading on Wednesday as strong jobs data helped financial stocks, while a recovery in oil prices boosted energy shares.
  
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• AUD/USD to Mount Broader Recovery on Strong Australia Retail Sales

  03-08-2016 17:14
  A pickup in Australia Retail Sales may generate a larger rebound in AUD/USD as it preserves the bullish formation carried over from the end of May.
  
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• MIDEAST STOCKS-Egypt closes at one-year high on IMF hopes, Gulf sags

  03-08-2016 16:44 via news.yahoo.com
  * Egypt's index confirms break of technical resistance * Ezz Steel climbs in very heavy volume * Abu Dhabi's Aldar supports bourse * Qatar's GIS declines after Q2 profit slide * Saudi index falls below technical support By Celine Aswad DUBAI, Aug 3 (Reuters) - Egypt's stock market closed at a one-year high on Wednesday on optimism among local investors that a loan deal with the International Monetary Fund would boost the economy, while weak oil prices and global bourses pushed Gulf bourses down
  
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• UPDATE 3-Kate Spade slashes full-year forecasts, shares slump

  03-08-2016 16:30
  
  * Shares plunge as much as 22 pct(Adds details, CEO comments; updates shares)
  
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• Global Stocks Dipping Lower but Still Bullish, For Now

  03-08-2016 15:33
  Many equity indices have put in bearish indications this week as stimulus hopes have been underwhelmed. But longer-term, there is still a bullish case to be made until support becomes breeched.
  
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• Wall Street set to open lower as weak oil weighs

  03-08-2016 14:51 via news.yahoo.com
  
  The U.S. private sector added 179,000 jobs in July, beating estimates of 170,000, the ADP national employment report showed. If the labor market is able to build on its recent strength, it could make the case for the Federal Reserve to raise interest rates later this year. "It's not as if we are retracing that massive move, we are just drifting lower here and one of the key catalysts is oil prices.
  
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• EUR/USD Tests Daily Support at 1.1200

  03-08-2016 14:45
  The EUR/USD has retraced overnight to test key support found at 1.1200.
  
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• US Dollar Edges Higher Against Euro, Yen after ADP Beats; NFPs on Friday

  03-08-2016 14:40
  The ADP Employment came in stronger than expected, easing some concerns about US economic data after the dismal Q2’16 GDP report last week, and ahead of on this Friday’s NFP report for July.
  
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• EUROSTOXX50 : in the descending channel. Technical analysis for 03.08.2016.

  03-08-2016 14:30 via liteforex.com
  Forex analytics: Review and dynamicsOn the daily chart the index EuroStoxx50 is traded in a descending channel with the upper limit moving between the resistance levels 3040.0 (ЕМА200) and 3010.0 (ЕМА144 and Fibonacci 38.2% to the decrease since December 2015). Yesterday, the price has broken down support level of 2930.0 (ЕМА50 on the daily chart, ЕМА200, ЕМА144 on 4-hour chart) and consolidated ...
  
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• EuroStoxx50: stock indices are declining. Fundamental analysis for 03.08.2016.

  03-08-2016 14:18 via liteforex.com
  Forex analytics: It seems that negative sentiments prevail in the global stock markets. The decline in oil prices, steady demand for safe-haven assets, such as the Yen and gold, the rise in yield of Treasury bonds (e.g. the yield on 10-year U.S. Treasury bonds increased to 1.537% on Tuesday from 1.499% on Monday) cause the decrease in demand for risky assets.On Tuesday, the index Dow Jones Industrial Average ...
  
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• S&P 500: Range Finally Breaks, Now What?

  03-08-2016 14:13
  Breakdown below recent range puts market at risk of further losses...
  
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• TSX futures flat ahead of earnings reports

  03-08-2016 14:01 via news.yahoo.com
  
  (Reuters) - Canadian stock futures were little changed on Wednesday as investors awaited the release of quarterly earnings from major companies including Agrium Inc , IAMGOLD Corp and TMX Group Ltd . September futures on the S&P TSX index were down 0.04 percent at 7:15 a.m. ET. No major economic data is scheduled for the day. Canada's main stock index suffered its biggest one-day fall in more than a month on Tuesday, with energy stocks slumping as fears of an oil supply glut haunted investor
  
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• Pakistan shares close lower; rupee stronger, o/n rates up

  03-08-2016 13:46
  
  Aug 3 - Pakistan stocks edged lower on Wednesday as the
  market continued to see consolidation from the last session,
  dealers said.
  
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• WRAPUP 1-French banks beat Q2 forecasts, but retail suffers

  03-08-2016 13:16
  
  PARIS, Aug 2 (Reuters) - France's biggest banks posted
  better-than expected earnings in the second quarter as their
  diversified business models helped mitigate the pressure from
  low interest rates...
  
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• AUD/USD Begins Session In Range

  03-08-2016 13:12
  The AUD/USD has opened the session in a 86.8 pip range ahead of today's ISM data release.
  
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• Silver Prices: A Look at Top of the Range Price Action

  03-08-2016 12:40
  Developments at high-end of range could be our tell on the next short-term move.
  
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• Analytical review of the currency pair GBP/USD for 03.08.2016.

  03-08-2016 12:25 via liteforex.com
  Forex analytics: Technical data of the currency pair:Previous closing: 1.3356;Daily range: 1.3294-1.3357; Opening: 1.3356; 52- week range: 1.2796-1.5820; Annual revenue: -14.50%; Change in % for the previous day: +1.36.Analytical review: Last week the currency pair GBP/USD maintained support level of 3075, rising by over 250 points in the upward correction. The ...
  
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• NZD/USD: rebound from the level of 0.7240. Technical analysis for 03/08/2016.

  03-08-2016 12:16 via liteforex.com
  Forex analytics: Review and dynamicsOn weak data on the US GDP for Q2, which was released last Friday,the pair NZD/USD rose up to the level of 0.7240 (Fibonacci 38.2%, upward correction to the decrease in pair from the level of 0.8800, since July 2014). Earlier in July, the pair has reached the level of 0.7300, which is close to the resistance level and the line ЕМА144 on the weekly chart. However, later ...
  
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• NZD/USD: Will the RBNZ reduce interest rate at the next meeting? Fundamental analysis for 03.08.2016.

  03-08-2016 12:10 via liteforex.com
  Forex analytics: According to today’s data released by New Zealand’s Bureau of Statistics growth of wages and employment rate in Q2 was low.Yesterday’s quarterly report by the RBNZ published showed that inflation expectations in the 3rd quarter were 1.7% (vs. 1.6% in the previous quarter).Inflation expectations for 12 months were 1.26% vs 1.22% in the previous quarter. The forecast of the consumer ...
  
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• Disappointing ISM Non-Manufacturing Survey to Fuel EUR/USD Advance

  03-08-2016 12:00
  A marked downturn in the ISM Non-Manufacturing survey may pave the way for a larger advance in EUR/USD should the data drag on U.S. interest-rate expectations.
  
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• UPDATE 1-Outflows send Swiss money manager GAM's shares reeling

  03-08-2016 11:40
  
  * Expects market environment to be difficult in H2(Adds details, analysts comments)
  
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• UPDATE 1-Aggreko says recovery in N.America power market some way off

  03-08-2016 11:21
  
  * Shares drop 15 percent(Adds CEO, analyst comments, share movement)
  
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• RPT-UK construction hit by Brexit but some weathering storm

  03-08-2016 11:13
  
  LONDON, Aug 2 (Reuters) - As Britain's construction industry
  reels from its sharpest downturn for seven years, it is
  companies that operate under longer-term contracts and have less
  exposure to...
  
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• CORRECTED-UPDATE 1-Subaru-maker Fuji Heavy cuts profit forecast after Q1 miss, shares slide

  03-08-2016 11:04
  
  * Q1 operating profit 101.5 bln yen vs 103.4 bln view of
  analysts
  
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• FTSE steadies near recent lows, HSBC leads banks

  03-08-2016 10:52
  
  LONDON, Aug 3 (Reuters) - Britain's top share index steadied
  near a recent two-week low on Wednesday, with weaker commodities
  and property-related stocks offsetting an HSBC-ledrally in banking...
  
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• DAX: Downside Risk Remains

  03-08-2016 10:30
  Strong selling pressure indicates further downside risk, but must still respect support levels as they appear.
  
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• USD/CAD May Mount Another Breakout Attempt on Further Oil Drop

  03-08-2016 10:18
  The USD/CAD remained supported even though the US Dollar declined as falling Oil prices put pressure on the Canadian Dollar
  
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• Rio Tinto earnings slump to 12-year low, warns conditions still tough

  03-08-2016 10:10 via news.yahoo.com
  
  By Sonali Paul MELBOURNE (Reuters) - Global miner Rio Tinto reported a 47 percent slump in first-half profit to its weakest in 12 years on Wednesday, but surprised the market with a higher-than-expected dividend while flagging that conditions remain difficult. New Chief Executive Jean-Sébastien Jacques said he was focused on shoring up the company by cutting costs further and did not expect help from commodities markets, which had been pumped up in the second quarter by easy credit in Chi
  
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• Rio Tinto earnings slump to 12-year low, cautious on second-half

  03-08-2016 08:34 via news.yahoo.com
  
  Global miner Rio Tinto reported a 47 percent slump in first-half profit to its weakest in 12 years on Wednesday, and surprised the market with a higher than expected dividend. New Chief Executive Jean-Sébastien Jacques said he was focused on shoring up the company by cutting costs to withstand "uncertain and volatile markets" through the rest of this year.
  
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• EUR/USD Technical Analysis: Focus on 1.13 Before Major Hurdles Ahead

  03-08-2016 07:56
  The EUR/USD is trading higher and a clear break above resistance might put focus on the 1.13 figure before major resistance levels ahead
  
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• NIESR Sees UK GDP to Grow 1.7 Percent in 2016 Slowing to 1 in 2017

  03-08-2016 07:14
  In the wake of Brexit, the National Institute of Economic and Social Research (NIESR) estimates that the UK economy will grow 1.7 percent in 2016 before slowing down to 1 percent in 2017.
  
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