Analyst news

• US stocks end at records after strong jobs report

  05-08-2016 23:42 via news.yahoo.com
  
  New York (AFP) - A strong US jobs report lifted Wall Street stocks to fresh records Friday and helped propel European equities higher.
  
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• S&P 500, Nasdaq end at records after strong US jobs data

  05-08-2016 22:39 via news.yahoo.com
  
  New York (AFP) - Wall Street stocks surged to fresh records Friday after a much stronger-than-expected July jobs report suggested the US economy is healthier than previously thought.
  
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• Payrolls power Wall Street to record high

  05-08-2016 22:28 via news.yahoo.com
  
  U.S. stocks notched their best day in a month on Friday, with the S&P 500 and Nasdaq closing at record highs after a second straight month of robust labor market data boosted optimism that economic growth is accelerating. The U.S. Labor Department report showed that nonfarm payrolls rose by 255,000 in July, far outpacing expectations for a gain of 180,000. The S&P 500 ended at 2,182.87, its eighth closing high of the year, powered by a 1.9 percent gain in financials , which would be prim
  
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• Weekly Technicals: NZD/USD - Bye Bye Birdie

  05-08-2016 22:01
  That recent rally in NZD/USD could result in a more bearish outcome for the bird as operations have constructed a possible head and shoulders top from the June high.
  
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• Again at highs, stocks to take cues from consumer

  05-08-2016 21:51 via news.yahoo.com
  
  Quarterly earnings reports from department store operators including Macy's, luxury goods companies such as Michael Kors and entertainment company Disney will set the tone for Wall Street, with investors also eying U.S. retail sales data due on Friday. "The consumer, in our mind, is a lever that could cause equities to trend higher," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management in Minneapolis. "Next week will be telling ... If retail sales suggest that spending is b
  
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• More Wall Street banks see one 2016 rate hike after strong jobs data - Reuters poll

  05-08-2016 21:48 via news.yahoo.com
  
  More top Wall Street banks expect the Federal Reserve to raise U.S. interest rates in 2016 after a strong July jobs report suggested a modest economic pick up in the second half following an anaemic first half, a Reuters poll conducted on Friday showed. Thirteen of 21 primary dealers, or firms that do business directly with the Fed, said the U.S. central bank would raise its target interest rate by a quarter percentage point by the end of the year. Three of the banks polled said the Fed would ra
  
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• WTI Crude Oil Price Forecast: Late Oil Bounce Clouded in Doubt

  05-08-2016 21:25
  WTI Crude Oil (CFD: US Oil) Has Oscillated Around Significant Support of the 200-DMA at $40.38/bbl.
  
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• NZD/USD - Bye Bye Birdie

  05-08-2016 21:19
  That recent rally in NZD/USD could result in a more bearish outcome for the bird as operations have constructed a possible head and shoulders top from the June high.
  
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• UPDATE 4-Bristol-Myers' Opdivo fails lung cancer trial; shares plunge

  05-08-2016 21:17
  
  Aug 5 (Reuters) - Bristol-Myers Squibb Co said its
  blockbuster Opdivo immunotherapy failed to slow progression of
  symptoms in previously untreated patients with advanced lung
  cancer, a major setback...
  
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• Wall Street hits record on payrolls report lift

  05-08-2016 20:50 via news.yahoo.com
  
  U.S. stocks were on track for their best day in a month on Friday, with the S&P 500 touching a record intraday high after a second straight month of robust labor market data heightened expectations for acceleration in economic growth. The U.S. Labor Department report showed that nonfarm payrolls rose by 255,000 in July, far outpacing expectations for a gain of 180,000. While the unemployment rate remained unchanged at 4.9 percent, it held below the 5 percent mark associated with full employm
  
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• Strong jobs data catapults S&P to record high

  05-08-2016 18:58 via news.yahoo.com
  
  The U.S. Labor Department report showed that nonfarm payrolls rose by 255,000 in July, far exceeding estimates of 180,000. While unemployment rate remained unchanged at 4.9 percent, it stayed below the 5 percent mark associated with full employment. The S&P 500 touched 2,180.78, its ninth record intraday high since July.
  
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• FTSE Stocks At 2016 Highs After Brexit Blues

  05-08-2016 18:49 via news.yahoo.com
  
  UK stock markets - reeling only six weeks ago after the UK's vote to leave the EU - continued their recovery in dramatic style on Friday by closing at new 2016 highs. The FTSE 100 closed the week's trading with a rise of 0.8% in the final session - investors cheered by further evidence that the world's largest economy was still perky despite global weaknesses. It helped bolster sentiment to further build on stock market gains of the previous day, which were a reaction to the Bank of England's st
  
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• NZD/USD Outlook Clouded by H&S Formation Ahead of RBNZ

  05-08-2016 18:30
  NZD/USD stands at risk for further losses as the pair appears to be carving a head-and-shoulders formation ahead of the RBNZ interest-rate decision.
  
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• Gold Prices Rejected At July Highs After Stellar NFP

  05-08-2016 18:30
  The trend in Gold Price Remains Bullish. However, the Strong US Dollar on the back-to-back NFP beats is not making Gold’s Bull Run as easy as many hoped.
  
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• FTSE Stocks Hit 2016 Highs After Brexit Blues

  05-08-2016 18:23 via news.yahoo.com
  
  UK stock markets - reeling only six weeks ago after the UK's vote to leave the EU - continued their recovery in dramatic style on Friday by closing at new 2016 highs. The FTSE 100 closed the week's trading with a rise of 0.8% in the final session - investors cheered by further evidence that the world's largest economy was still perky despite global weaknesses. It helped bolster sentiment to further build on stock market gains of the previous day, which were a reaction to the Bank of England's st
  
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• Is Trump Finished? Don’t Bet on It

  05-08-2016 18:07 via news.yahoo.com
  
  Donald Trump is starting to look a lot like Glenn Close in the bathtub scene of Fatal Attraction. The number-crunchers at the website FiveThirtyEight find that Trump’s chances of winning the presidency in November have plummeted in the past couple of weeks, and now stand at 20.1 percent versus 79.9 percent for Hillary Clinton. One recent poll has Clinton ahead by 15 percentage points, a NBC/Wall Street Journal poll gives her a 9 point advantage and the Real Clear Politics poll average puts
  
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• Britain's FTSE hits fresh one-year high, RBS slumps

  05-08-2016 17:47
  
  LONDON, Aug 5 (Reuters) - Britain's blue-chip share index
  climbed to its highest level since July 2015 on Friday, led by a
  rise in housebuilders and miners, although Royal Bank of
  Scotland slumped...
  
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• Strong jobs data lifts S&P to record intraday high

  05-08-2016 17:35 via news.yahoo.com
  
  (Reuters) - U.S. stocks surged on Friday, with the S&P 500 touching a record intraday high after a second straight month of robust labor market data boosted optimism about the economy.
  
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• Hong Kong restaurant chain's shares surge up to 17 fold on debut

  05-08-2016 16:40
  
  HONG KONG, Aug 5 (Reuters) - Shares in Hong Kong restaurant
  chain operator Dining Concepts Holdings Ltd, which
  counts the son of China's richest man among its shareholders,
  surged as much as 17 times...
  
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• USD/СAD: Wave analysis and forecast for 05.08 – 12.08.

  05-08-2016 16:15 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.3147. Our opinion: Sell the pair from correction below the level of 1.3147 with the target of 1.2858 – 1.2631. Alternative scenario: Breakdown and consolidation of the price above the level of 1.3147 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 ...
  
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• Dollar Rips on Blowout NFP, but is this a Lasting Move?

  05-08-2016 16:13
  A second consecutive blowout NFP report highlights robust strength in the U.S. Labor market, but expectations for rate hikes out from the Fed remains subdued.
  
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• USD/JPY: Wave analysis and forecast for 05.08 – 12.08.

  05-08-2016 16:12 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 99.88. Our opinion: Buy the pair from correction above the level of 101.69 with the target of 109.00. Alternative scenario: Breakout and consolidation of the price below the level of 99.88 will trigger further decline in the pair to 97.00 – 96.00. Analysis: Presumably, the formation of the large upward correction continues as the wave B, in which ...
  
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• USD/CHF: Wave analysis and forecast for 05.08 – 12.08.

  05-08-2016 16:09 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 0.9945. Our opinion: Sell the pair from correction below the level of 0.9945 with the target of 0.9510 – 0.93. Alternative scenario: Breakout and consolidation of the price above the level of 0.9945 will trigger further rise up to 1.0 – 1.0100. Analysis: Presumably, the formation of the third wave of the senior level (iii) of iii continues. ...
  
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• Wall Street rises after strong jobs data

  05-08-2016 16:05 via news.yahoo.com
  
  The report by the U.S. Labor Department showed that nonfarm payrolls rose by 255,000 in July. The report also showed that the unemployment rate was flat at 4.9 percent, staying below the 5 percent mark associated with full employment.
  
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• GBP/USD: Wave analysis and forecast for 05.08 – 12.08.

  05-08-2016 16:04 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.3372. Our opinion: Sell the pair from correction below the level of 1.3372 with the target of 1.2780 - 1.2260. Alternative scenario: Breakout and consolidation of the price above the level of 1.3372 may trigger further rise up to 1.3638. Analysis: Presumably, the formation of the upward correction, as the wave 2 has completed. Locally, it is ...
  
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• EUR/USD: Wave analysis and forecast for 05.08 – 12.08.

  05-08-2016 16:02 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.0950. Our opinion: Buy the pair from correction above the level of 1.0950 with the target of 1.1345. Alternative scenario: Breakout and consolidation of the price below the level of 1.0950 may trigger further decline in the pair to 1.08. Analysis: Presumably, the formation of the upward correction as the wave b of 2 continues. It seems that ...
  
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• CAC 40 Rebounds to End Week

  05-08-2016 15:55
  The CAC 40 is set to close Friday trading higher, after rebounding from weekly lows.
  
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• USD/CAD Spikes after US NFP Beats and Canada Jobs Miss Expectations

  05-08-2016 15:40
  July Canadian employment falls by -31.2K raising concerns about the labor market health.
  
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• European shares lifted by solid earnings but RBS slumps

  05-08-2016 15:14 via news.yahoo.com
  European shares rose on Friday, helped by solid earnings from companies including cement making group LafargeHolcim, but Royal Bank of Scotland slumped after weak results. The pan-European STOXX 600 index ...
  
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• US Dollar Surges amid Second Consecutive NFP Above +250K

  05-08-2016 15:07
  The US labor report confirmed continued strength in the labor market, despite an apparent slowdown in Q1'16 and Q2'16 GDP,as job growth significantly beat expectations.
  
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• Wall Street set to open higher on strong jobs data

  05-08-2016 14:45 via news.yahoo.com
  
  (Reuters) - Wall Street was set to open higher on Friday after robust monthly payrolls data pointed to strength in the U.S. economy.
  
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• Bristol-Myers' Opdivo fails late-stage study in lung cancer patients

  05-08-2016 14:40
  
  Aug 5 (Reuters) - Bristol-Myers Squibb Co said its
  blockbuster immunotherapy, Opdivo, failed to improve survival in
  previously untreated patients with a form of lung cancer,
  without their disease...
  
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• Analytical review of the stocks of E. I. du Pont de Nemours and Company for 05.08.2016.

  05-08-2016 14:30 via liteforex.com
  Forex analytics: E. I. du Pont de Nemours and Company, #DD [NYSE] Commodities, Agricultural chemicals, USAFinancial performance of the company:Index – DJIA, S&P 500;Beta – 1.82;Capitalization – 54.77 В;Return on asset – 6.80%; Income – 1.95 B;Average volume – 5.27 М; P/E – 30.06; ATR – 1.54.Analytical review: The company ranks the first on ...
  
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• Pakistan shares end down; rupee weaker, o/n rates fall

  05-08-2016 14:27
  
  KARACHI, Aug 5 (Reuters) - Pakistan stocks closed lower for
  the fourth consecutive session on Friday as the market witnessed
  consolidation from the last few sessions, dealers said.
  
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• BoE stimulus lifts stocks as U.S. jobs data looms

  05-08-2016 13:42 via news.yahoo.com
  
  Other share markets also rose and, before the 1230 GMT non-farm payrolls numbers that a Reuters poll predicted would show the world's biggest economy added 180,000 jobs last month, U.S. futures pointed to a slightly firmer opening on Wall Street. Coming a week after surprisingly tepid U.S. second-quarter growth numbers, the data will be scrutinised by markets trying to gauge the likely timing of the next U.S. rate rise. Global stocks stayed firmly on the front foot after the BOE re-joined the st
  
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• EU investors group 'highly concerned' about super bourse merger

  05-08-2016 13:41 via news.yahoo.com
  
  A merger of the London Stock Exchange Group and Deutsche Boerse would create a "quasi-monopolistic" stock market by "dictating" fees and harming competition, a retail investors' lobby in Europe has said. The European Investors Association has written to the European Union's competition commissioner, Margrethe Vestager, saying if the $28 billion merger goes ahead it would reduce choice for users. "European Investors also fears smaller exchanges, such as Euronext, might experience a decline in sca
  
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• GLOBAL MARKETS-BoE stimulus lifts stocks as US jobs data looms

  05-08-2016 13:40 via news.yahoo.com
  Other share markets also rose and, before the 1230 GMT non-farm payrolls numbers that a Reuters poll predicted would show the world's biggest economy added 180,000 jobs last month, U.S. futures pointed to a slightly firmer opening on Wall Street. The dollar, which fell 2 percent last week and slipped almost 0.2 against a basket of currencies on Friday, could get a boost from a strong jobs reading. Global stocks stayed firmly on the front foot after the BOE (Shenzhen: 200725.SZ - news) re-joined
  
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• S&P 500: Back Inside Recent Range, NFP in Focus

  05-08-2016 13:09
  Market movements limited, stagnant August trading, but NFP today may rustle up some volatility.
  
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• AUD/USD: RBA may reduce interest rate again. Fundamental analysis for 05.08.2016.

  05-08-2016 12:44 via liteforex.com
  Forex analytics: Today at 04:30 (GMT+3), the RBA has presented comments on the decision to cut rate to 1.5%, adopted on Tuesday and assessment of the future prospects for the Australian economy and inflation growth. The RBA expects that core inflation will be below the target level of 2%-3%, in the range of 1.5% to 2.5% by the end of 2018. Earlier, in the May, the Central Bank of Australia statedabout the ...
  
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• Silver Prices: Technical Outlook Ahead of US Non-Farm Payrolls

  05-08-2016 12:34
  Silver recieved a short-lived bump on the BoE, next catalyst on the docket is today's U.S. jobs report.
  
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• GBP/USD: The pair is moving in the range. Technical analysis for 05.08.2016.

  05-08-2016 12:10 via liteforex.com
  Forex analytics: Review and dynamicsYesterday, the Bank of England has lowered interest rate and expanded incentive program to stimulate British economy. The pair GBP/USD fell by 1.7%, losing almost 220 points. The price returned to therange of 1.3060 and 1.3365 (Fibonacci 23.6% to the decline after the announcement of the referendum results), where the pair GBP/USD has traded during the month. The decline in ...
  
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• UPDATE 3-Novo Nordisk shares fall as cuts forecasts on tough U.S market

  05-08-2016 12:04
  
  * Outlook disappoints, shares fall 8 percent(Adds further analyst comment on new products and pricing)
  
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• UPDATE 2-Battle for China's top home builder Vanke heads into unknown as peer Evergrande takes stake

  05-08-2016 11:30
  
  * Analysts uncertain on Evergrande intentions(Recasts, adds details, updates shares)
  
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• GBP/USD: The Bank of England has lowered interest rate to the record lows of 0.25%. Fundamental analysis for 05/08/2016.

  05-08-2016 11:29 via liteforex.com
  Forex analytics: After Brexit economic growth in the UK has slowed.On Thursday the Bank of England has downgraded economic growth forecast for the next year to the lowest historic level. According to the Bank of England, economic growth in 2017 will be 0.8% against 2.3% expected earlier.As expected, on Thursday the Bank of England also cut the key interest rate to a record low of 0.25%. This was the first ...
  
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• European shares rise after solid earnings updates, RBS slumps

  05-08-2016 11:21 via news.yahoo.com
  European shares rose on Friday, helped by solid earnings updates from companies including cement maker LafargeHolcim, but Royal Bank of Scotland slumped in an otherwise mostly positive banking sector after reporting wider losses in the first half. The pan-European STOXX 600 index rose 0.4 percent by 0830 GMT but remains on track for its first week of declines in four, weighed down by heavy losses among bank stocks earlier in the week following the release of Europe-wide stress tests. "LafargeHol
  
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• UPDATE 3-Hugo Boss to close more stores as cost cuts bear fruit

  05-08-2016 11:15
  
  * 20 stores to close that have diluted profit margin(Adds details from conference call)
  
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• Analytical review of the currency pair NZD/USD for 05.08.2016.

  05-08-2016 11:01 via liteforex.com
  Forex analytics: Technical data of the currency pair:Previous closing: 0.7173; Daily range: 0.7169-0.7208; Opening: 0.7173;52-week range: 0.6233-0.7329;Annual income: +10.31%;Change in % for the previous day: +0.20.Analytical review:Over the past two weeks the NZD has grown by 250 points. Through the last few sessions the trading pair is traded in the range of 0.7165-0.7225; Important US ...
  
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• Britain's FTSE touches fresh year high, RBS slumps

  05-08-2016 11:00
  
  LONDON, Aug 5 (Reuters) - UK shares rallied on Friday, led
  by a rise in mining stocks and housebuilders, though Royal Bank
  of Scotland slumped after reporting a large loss in its
  first-half results.
  
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• DAX: Lift Higher Still Viewed as Counter-trend in Nature

  05-08-2016 10:31
  Bounce unfolding in recent days appears likely to be short-lived.
  
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• USD/JPY Short Term Outlook and Levels to Know Ahead of US NFPs

  05-08-2016 10:14
  The USD/JPY is trading sideways around 101.00 prior to July’s US NFPs as the pair looks poised for a short term technical break
  
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