Analyst news

• Prosecution says ex-Wall Street banker lied in insider trading trial

  08-08-2016 22:44 via news.yahoo.com
  
  U.S. prosecutors on Monday sought to brand a former Wall Street investment banker as a liar after he took the stand in his own defense to deny engaging in a years-long insider trading scheme with his father. In her closing argument, Assistant U.S. Attorney Sarah McCallum urged a federal jury in Manhattan to reject a "web of lies" conveyed during testimony by Sean Stewart, an ex-banker at Perella Weinberg Partners and JPMorgan Chase & Co. While Stewart may have in violation of his employers'
  
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• Wall Street takes tiny step back from record highs

  08-08-2016 22:32 via news.yahoo.com
  
  A rally to several all-time highs since late June has left the S&P 500 up nearly 7 percent in 2016, with many investors concerned about stretched valuations. Everyone is sitting there saying ‘Holy cow, what did we do?’,” said Brad McMillan, chief investment officer at Commonwealth Financial Network. Pressured by losses in Bristol-Myers, Merck and Allergan, the S&P 500 healthcare index dipped 0.9 percent while the Nasdaq biotech index dropped 1.1 percent.
  
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• US STOCKS-Wall Street takes tiny step back from record highs

  08-08-2016 22:25 via news.yahoo.com
  Wall Street receded from record highs on Monday as a drop in healthcare stocks offset gains caused by higher oil prices and a strong jobs report. A rally to several all-time highs since late June has left ...
  
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• Oil up nearly 3 percent on OPEC output speculation as glut grows

  08-08-2016 22:02 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices settled up nearly 3 percent on Monday amid renewed speculation that OPEC would try to restrain output, easing oversupply worries that pressured the market to three-month lows last week. The Wall Street Journal reported last week that OPEC countries such as Venezuela, Ecuador and Kuwait want to take another stab at cooperation between the 14-nation Organization of the Petroleum Exporting Countries and non-members such as Russia. Qatar's Energy Mi
  
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• Oil up nearly 3 pct on OPEC output speculation as glut grows

  08-08-2016 22:00 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices settled up nearly 3 percent on Monday amid renewed speculation that OPEC would try to restrain output, easing oversupply worries that pressured the market to three-month lows last week. The Wall Street Journal reported last week that OPEC countries such as Venezuela, Ecuador and Kuwait want to take another stab at cooperation between the 14-nation Organization of the Petroleum Exporting Countries and non-members such as Russia. Qatar's Energy Mi
  
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• Oil ends up nearly 3 percent on OPEC speculation as glut grows

  08-08-2016 21:12 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices settled up nearly 3 percent on Monday amid renewed speculation that OPEC would try to restrain output, easing oversupply worries that pressured the market to three-month lows last week. The Wall Street Journal reported last week that OPEC countries such as Venezuela, Ecuador and Kuwait want to take another stab at cooperation between the 14-nation Organization of the Petroleum Exporting Countries and non-members such as Russia. Qatar's Energy Mi
  
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• EUR/JPY Technical Analysis: Down-Trend at ’Decision Point’

  08-08-2016 20:58
  While price action in EUR/JPY is bearish, a longer-term support base may be preluding a top-side reversal. But before that can become usable premise, prices must first break through this zone of resistance.
  
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• Wall Street steps back from record highs

  08-08-2016 20:57 via news.yahoo.com
  
  Wall Street retreated from record highs on Monday as a drop in healthcare stocks offset the impact of higher oil prices on energy stocks and a strong jobs report. A rally to several all-time highs since late June has left the S&P 500 up nearly 7 percent in 2016, with many investors concerned about stretched valuations. Everyone is sitting there saying 'Holy cow, what did we do?'," said Brad McMillan, chief investment officer at Commonwealth Financial Network.
  
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• S&P affirms Chicago's rating in wake of pension funding plan

  08-08-2016 20:57 via news.yahoo.com
  
  Standard & Poor's Global Ratings on Monday affirmed Chicago's credit rating, citing Mayor Rahm Emanuel's new plan to save the city's largest pension fund from insolvency with a new tax on water and sewer use. Calling the plan "a positive step," S&P kept Chicago's general obligation rating at BBB-plus with a negative outlook, noting it could be revised to stable once the tax portion of the plan is formalized. S&P warned in June that the nation's third largest city could be subjected t
  
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• US STOCKS-Wall Street steps back from record highs

  08-08-2016 20:49 via news.yahoo.com
  Wall Street retreated from record highs on Monday as a drop in healthcare stocks offset the impact of higher oil prices on energy stocks and a strong jobs report. A rally to several all-time highs since ...
  
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• A Wall Street banker who literally has it all shares her best career advice

  08-08-2016 20:05 via news.yahoo.com
  
  Deutsche Bank Kristin DeClark. Deutsche Bank’s head of … Continued The post A Wall Street banker who literally has it all shares her best career advice appeared first on Business Insider.
  
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• NBC signs deal to create original content for Snapchat

  08-08-2016 19:19 via news.yahoo.com
  
  (Reuters) - Comcast Corp's NBC Universal has signed a multi-year deal with Snapchat to produce original content for the messaging app, a Snapchat executive told Reuters. NBC is set to kick off this initiative with "The Voice on Snapchat", a series that collects user-submitted performances judged by 'coaches' from the broadcaster's singing show "The Voice", the Wall Street Journal, said on Monday. NBC Universal could not be immediately reached for comment.
  
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• S&P 500 slips as health stocks weigh

  08-08-2016 19:18 via news.yahoo.com
  
  (Reuters) - The S&P 500 index failed to hold on to its gains after touching a record high on Monday as a drop in healthcare stocks offset the impact of higher oil prices and a strong jobs report.
  
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• China’s Market News: Default Risk Spreads in Northeast China

  08-08-2016 19:14
  The default risk has spread from single state-owned enterprises to a broader scope in Northeast China amid local governments’ diminishing capability to provide support.
  
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• Retail FX Positioning Points to Further AUD/USD Strength

  08-08-2016 18:54
  Retail sentiment is hitting fresh near-term extremes as AUD/USD extends the advance from the previous week and climbs to fresh monthly highs.
  
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• GBP/JPY Technical Analysis: Tug-of-War at the ’Brexit-Low’

  08-08-2016 18:29
  Sterling slammed lower on BOE stimulus and the Yen moved higher on the BoJ's lack of stimulus; but price action in GBP/JPY continues to try substantiating 'higher-low' support on the Brexit swing-low.
  
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• Global equities settle down after gains

  08-08-2016 17:57 via news.yahoo.com
  
  European equities closed higher Monday as strong US jobs data continued to brighten investors' mood, but Wall Street ran into profit-taking as the market absorbed record-breaking gains. The London market eked out a small improvement on its recent winning streak seen after the Bank of England brought on heavy monetary artillery in the form of a rate cut and quantitative easing to combat the economic fallout from Brexit. In the eurozone, Frankfurt rose 0.6 percent and Paris managed 0.1 percent.
  
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• Wall Street flat as health stocks weigh

  08-08-2016 17:38 via news.yahoo.com
  
  The S&P 500 index failed to hold on to its gains after opening at a record high on Monday as a drop in healthcare stocks offset the impact of higher oil prices and a strong jobs report. The S&P 500 healthcare index lost 1.14 percent, the most since June 27. The S&P and the Nasdaq closed at record highs on Friday after data showed that the U.S. economy added 255,000 jobs in July, way more than 180,000 that analysts had estimated.
  
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• Oil gains on talk of OPEC production restraint

  08-08-2016 17:29 via news.yahoo.com
  
  Crude oil futures surged almost three per cent Monday following a report in the Wall Street Journal that said some OPEC members had called for restraint on output. The bullish mood was further boosted by a statement from Qatar's energy minister, who said oil prices are expected to rise in the latter part of 2016, Bloomberg said.
  
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• Oil gains on report of OPEC production restraint plan

  08-08-2016 17:29 via news.yahoo.com
  
  Crude oil futures surged almost three per cent Monday following a report in the Wall Street Journal that said some OPEC members had called for restraint on output. Oil futures were up $1.05 US to $42.85 US a barrel just before 3 p.m. ET in New York trading. The bullish mood was further boosted by a statement from Qatar's energy minister, who said oil prices are expected to rise in the latter part of 2016, Bloomberg said.
  
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• Oil gains on report of OPEC production freeze plan

  08-08-2016 17:29 via news.yahoo.com
  
  Crude oil futures surged almost three per cent Monday following a report in the Wall Street Journal that said some OPEC members had called for a production freeze. Oil futures were up $1.20 US to $43 US a barrel just before 11 a.m. ET in New York trading. The energy group led the Toronto Stock Exchange solidly higher.
  
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• Oil up 3 percent on OPEC speculation as glut grows

  08-08-2016 17:22 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices jumped nearly 3 percent on Monday amid renewed speculation that OPEC would try to restrain output, easing oversupply worries had pressured the market to three-month lows last week. The Wall Street Journal reported last week that OPEC countries such as Venezuela, Ecuador and Kuwait want to take another stab at cooperation between the 14-nation Organization of the Petroleum Exporting Countries and non-members such as Russia. Qatar's energy ministe
  
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• MIDEAST STOCKS-Qatar, Egypt rise to multi-month highs; petchems support Saudi

  08-08-2016 16:20 via news.yahoo.com
  * Qatar rises to nine-month high * Mid-cap shares support Abu Dhabi but most banks weak * Banking stocks pull Kuwait's bourse up * Saudi petrochemical sector gains for third session * Egypt at 13-month high as local and foreign funds buy By Celine Aswad DUBAI, Aug 8 (Reuters) - Stock markets in Qatar and Egypt closed at multi-month highs on Monday on the back of firm global bourses, while Saudi Arabia's stock market was supported by a recovery in oil prices. Qatar's index rose 1.2 percent to 10,
  
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• Global equities rise on US jobs, oil

  08-08-2016 16:14 via news.yahoo.com
  
  Most equity markets rose worldwide Monday as bright US jobs data generally eclipsed the impact of poor Chinese trade numbers and the oil price climbed, dealers said. Frankfurt and Paris both advanced, while London was little changed after losing initial gains. Wall Street stocks opened slightly higher, adding to records as oil prices rose and Wal-Mart shares edged up on news of its acquisition of online retailer Jet.com.
  
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• S&P 500 opens at record high on oil gains, jobs data

  08-08-2016 16:06 via news.yahoo.com
  
  The S&P 500 opened at a record high on Monday as oil prices rose and after Friday's stellar jobs report suggested strength in the U.S. economy, boosting appetite for risk. Oil rose 1.8 percent after a report in the Wall Street Journal last week that some OPEC members had called for a freeze in production. Seven of the 10 major S&P 500 indexes were higher, led by a 0.96 percent rise in the energy sector.
  
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• Analytical review of the stocks of McDonald`s Corp. for 08.08.2016

  08-08-2016 16:05 via liteforex.com
  Forex analytics: McDonald`s Corp., #MCD [NYSE] Services, Restaurants, USAFinancial performance of the company:Index – DJIA, S&P 500; Beta – 0.49;Capitalization – 108.94 В; Return on asset - 13.50%;Income - 4.53 B; Average volume – 7.04 М;P/E - 22.70; ATR – 2.52 Analytical review:​The company ranks the first on capitalization among the issuers in the sector of ...
  
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• USD/CHF: at the resistance level of 0.9820. Technical analysis for 08/08/2016

  08-08-2016 15:57 via liteforex.com
  Forex analytics: Review and dynamics Due to strong data on the US labor market, released last Friday, the pair USD/CHF has broken down the key resistance level of 0.9770 and reached strong resistance level of 0.9820 (Fibonacci 38.2% to the decline since December 2015 and the level of 1.0300). Positive dynamics in the pair USD/CHF continues and the USD maintains its positions in the currency market. Our ...
  
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• WTI Crude Oil Price Forecast: Bear Market Prompts OPEC Meeting

  08-08-2016 15:48
  WTI Crude Oil (CFD: US Oil) Has Bounced Monday Morning In Hopes an OPEC Meeting Can Address The New-Supply Glut in Oil.
  
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• Gold Prices, Yen and USD: A Central-Bank Driven Market

  08-08-2016 15:30
  After two weeks of heavy data, markets have a light slate in the week ahead. But of extreme importance is how investors will begin shifting in anticipation of the next big batch of CB announcements coming in September.
  
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• USD/CHF: deflation in Switzerland continues. Fundamental analysis for 08/08/2016

  08-08-2016 15:14 via liteforex.com
  Forex analytics: According to the data released today Swiss consumer price fell by 0.4% in July against the value of the previous month and by 0.2% compared to the same period last year. Retail sales in Switzerland fell by 3.9% in July on annual basis. Last Friday positive US labor market data for July was released. Number of jobs outside the US agricultural sector has grown by 255 000 against the forecast of ...
  
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• Wal-Mart to buy Jet.com for about $3.3 billion

  08-08-2016 15:09 via news.yahoo.com
  
  Wal-Mart said it would pay $3 billion in cash, part of which would be paid over time along with an additional $300 million in its shares. "We're looking for ways to lower prices, broaden our assortment and offer the simplest, easiest shopping experience because that's what our customers want," Wal-Mart Chief Executive Doug McMillon said. The Wall Street Journal reported last week that Wal-Mart was in talks to buy the online discount retailer.
  
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• XAU/USD: The pair will continue to rise in the ascending channel. Technical analysis for 08.08.2016

  08-08-2016 15:01 via liteforex.com
  Forex analytics: Review and dynamics Positive data on the US labor market for July, released last Friday, has triggered the rise in the USD against major counterparts, including the pair XAU/USD. However, continuing instability of the global financial markets, and low probability of the rate hike in the USA before the end of this year support high demand for gold. Last Friday the pair XAU/USD fell by over 240 ...
  
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• S&P 500 set to open at record high after jobs data

  08-08-2016 14:57 via news.yahoo.com
  
  The S&P 500 was set to open at a record high on Monday after Friday's stellar jobs data suggested strength in the U.S. economy, boosting appetite for risk. The S&P 500 index and the Nasdaq closed at record highs on Friday after data showed that the U.S. economy added 255,000 jobs in July, way more than 180,000 that analysts had estimated. "We're coming off a strong session on the back of solid economic data that the markets needed to justify additional exposure to equities," said Andre B
  
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• S&P 500: New Record Highs, Another Head Fake?

  08-08-2016 14:29
  The market cleared to new levels above trading range, but top-side t-line resistance may force another false break.
  
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• Quiet Calendar has US Dollar Focused on Fed Rate Expectations

  08-08-2016 14:00
  Watch Fed rate hike expectations this week, nothing more.
  
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• Oil rises on fresh production freeze calls report

  08-08-2016 13:59 via news.yahoo.com
  
  U.S. West Texas Intermediate (WTI) crude futures were at $42.40 per barrel, up 60 cents, or 1.44 percent. The rise came on the back of a Wall Street Journal report late last week about fresh calls by some members of the Organization of the Petroleum Exporting Countries to freeze production levels in a bid to rein in output that has consistently outpaced demand.
  
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• XAU/USD: Long positions are preferable. Fundamental analysis for 08/08/2016

  08-08-2016 13:51 via liteforex.com
  Forex analytics: Number of jobs outside agriculture sector of the US has grown by 255 000 in July against the forecast of +180 000. The index for June was revised from up to 287000 to 292000; and from 11000 to 24000 in May. Unemployment rate remained unchanged (4.9% versus the forecast of 4.8% and 4.9% in June). This data was presented last Friday by the US Labor Department, caused the rise in the USD in the ...
  
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• Weekly review for 08.08 – 14.08.2016

  08-08-2016 13:45 via liteforex.com
  Forex analytics: Last week the RBA and the Bank of England cut interest rates by 25 basis points to the levels of 1.5% and 0.25%, respectively. Both Central Banks showed inclination to more monetary policy easing. It is worth noting that interest rate in the UK was declined to the lowest level in more than 300 years. Last Friday, important US macro-economic data was released, which may affect the USD for the ...
  
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• European stocks mostly climb in global rally

  08-08-2016 13:32 via news.yahoo.com
  
  European equities mainly rose Monday as bright US jobs data mostly eclipsed the impact of poor Chinese trade numbers, dealers said. Frankfurt and Paris advanced in early afternoon deals, while London was essentially flat after losing initial gains in hesitant trade. "Equities opened the week in positive territory, continuing the theme seen in Asia and on Wall Street with little in the way of corporate news to excite traders," said Russ Mould, investment director at brokerage AJ Bell.
  
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• AUD/USD Short Term Levels Ahead of China’s CPI Data

  08-08-2016 12:22
  The AUD/USD is in the spotlight as a quiet economic calendar might shift focus to the Chinese CPI data ahead for potential Aussie volatility
  
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• Silver Prices: Slammed on NFPs, Bottom-end of Range Coming into View

  08-08-2016 12:09
  Silver turns strongly lower from resistance as anticipated, jobs report helps it along.
  
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• Britain's FTSE creeps up to 13-month high, boosted by Barclays

  08-08-2016 11:47
  
  LONDON, Aug 8 (Reuters) - Britain's blue-chip FTSE 100 index
  edged up on Monday to touch its highest level in more than 13
  months on the back of gains in mining stocks and Barclays, which
  was boosted...
  
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• FTSE 100: Slowly Hurdling Levels in Low-Vol Environment

  08-08-2016 11:16
  The UK index is making new highs, but don't expect gains to come easily.
  
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• Sentix Index Bounces Higher as Brexit Impact on Expectations Falls

  08-08-2016 10:57
  Sentix Investor Confidence Index rose in August as expectations stabilized following a sharp decline last month on Brexit worries
  
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• Analytical review of the currency pair USD/CAD for 08.08.2016

  08-08-2016 10:11 via liteforex.com
  Forex analytics: Technical data of the currency pair:Previous closing: 1.3175; Daily range: 1.3163-1.3190; Opening: 1.3180; 52-week range: 1.2458-1.4692;Annual revenue: +0.42%;Change in % for the previous day: +1.16.Analytical review: ​Last week the currency pair’s support and resistance levels were ...
  
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• Nasdaq Dubai to open equities futures market

  08-08-2016 10:08 via news.yahoo.com
  By Hadeel Al Sayegh and Andrew Torchia DUBAI, Aug 8 (Reuters) - The Nasdaq Dubai exchange will open an equity futures market next month to trade single-stock futures on the shares of some of the United Arab Emirates' biggest companies, the bourse's chief executive said on Monday. The introduction of stock futures could be a major development for equity markets in the UAE, where short-selling is restricted and a lack of opportunities to hedge has been a concern of foreign investors. "The futures
  
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• Asian markets gain following strong US jobs data

  08-08-2016 10:00 via news.yahoo.com
  
  Spurred by positive US jobs data, all Asian stock market indices were trading higher on Monday (8 August) with the Shanghai Composite up 0.50% at 2,991.67 as of 5.54am GMT.
  
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• USD/CNH Technical Analysis: Waiting For a Retest

  08-08-2016 09:38
  The USD/CNH moved above the 6.6500 technical level which failed to act as resistance, but further hurdles lie ahead
  
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• Nikkei 225 Technical Analysis: Index Higher From Support at 16,000

  08-08-2016 08:47
  The Nikkei 225 is trading higher for the third consecutive day after finding support at 16,000 but resistance still looms
  
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• ASX 200 Technical Analysis: 5,500 Holds, Break Higher Needed

  08-08-2016 07:54
  The ASX 200 found support below 5,500 which possibly paves the way for a “higher low”, and a break above 5,600 might now be required
  
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