Analyst news

• Disney tops earnings estimates, picks up streaming stake

  09-08-2016 23:35 via news.yahoo.com
  
  (Reuters) - Walt Disney Co reported better-than-expected quarterly profit and revenue on Tuesday, fuelled by a 40 percent jump in revenue at its movie studio from hits including "The Jungle Book" and "Captain America: Civil War." The media company also said it was acquiring a 33 percent stake in BAMTech, a video-streaming company formed by Major League Baseball (MLB), for $1 billion. Disney has the option to acquire a majority ownership in the coming years. BAMTech, which is separate from Major
  
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• Several U.S. states unprepared for a recession: S&P

  09-08-2016 22:44 via news.yahoo.com
  
  Several U.S. states studied by S&P Global Ratings are ill-equipped to deal with an economic recession, hampered by the slow rebound in U.S. economic growth after the damage wrought by the Great Recession. Fiscal imbalances, slower state tax revenue growth and increased spending on social services have contributed to a challenging economic landscape, as real GDP has only increased at 2.1 percent per year since 2009, S&P said in a report issued on Tuesday. Real U.S. GDP growth of 2.43 perc
  
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• Oil slides, caps gains on Wall Street

  09-08-2016 22:28 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - Oil prices slipped on Tuesday amid worries about a stubborn global petroleum glut, weighing on energy shares and limiting gains on Wall Street after the S&P 500 and Nasdaq ticked up to intraday record highs. Wall Street eked out gains following a strong session for European stock markets, with Germany's DAX index jumping 2.5 percent to its highest of 2016. The pound fell for the fifth day in a row after a Bank of England policymaker said the central ba
  
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• Nasdaq hits record high, other indexes hover near highs

  09-08-2016 22:27 via news.yahoo.com
  
  The Nasdaq composite rose to a record high close on Tuesday while other major indexes hovered near their own recent all-time highs in a session with thin trading volume. A rally since late June has left the S&P 500 up nearly 7 percent in 2016, with many investors weighing stretched valuations against expectations for continued low interest rates. "We're probably going to consolidate and then head higher," said John Canally, chief economic strategist for LPL Financial.
  
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• US STOCKS-Nasdaq hits record high, other indexes hover near highs

  09-08-2016 22:24 via news.yahoo.com
  The Nasdaq composite rose to a record high close on Tuesday while other major indexes hovered near their own recent all-time highs in a session with thin trading volume. A rally since late June has left ...
  
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• GLOBAL MARKETS-Oil slides, caps gains on Wall Street

  09-08-2016 22:22 via news.yahoo.com
  Oil prices slipped on Tuesday amid worries about a stubborn global petroleum glut, weighing on energy shares and limiting gains on Wall Street after the S&P 500 and Nasdaq ticked up to intraday record ...
  
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• UPDATE 6-Valeant looks to sell billions in assets to cut debt, stock soars

  09-08-2016 22:18
  
  Aug 9 (Reuters) - Valeant Pharmaceuticals International Incwill sell billions of dollars of non-core
  assets and could accept offers for its main businesses, its
  chief executive said on Tuesday, as...
  
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• US DOLLAR Technical Analysis: Hello 12,000, My Old Friend

  09-08-2016 21:30
  With Average G10 1-Month Implied Vols at Their Lowest Since January 2015, 12,000 Stands As Thick Resistance.
  
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• China’s Market News: Foreign Investment Continues to Fall…

  09-08-2016 21:17
  The trend of foreign investment in Chinese financial institutions has reversed from a ‘Buy’ in 2015 to a ‘Sell’in 2016.
  
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• Global stock index rises, led by Europe; pound weakens

  09-08-2016 20:45 via news.yahoo.com
  
  Germany's DAX index jumped 2.5 percent to its highest point of 2016. Wall Street was little changed, receding after the S&P 500 and Nasdaq set fresh intraday records, as energy shares dropped amid weaker oil prices. The pound fell for the fifth day in a row after a Bank of England policymaker said the central bank will probably have to loosen monetary policy further if the U.K.'s economy worsens.
  
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• Wall Street catches its breath after recent rally

  09-08-2016 20:36 via news.yahoo.com
  
  Wall Street hovered near record highs on Tuesday as weak oil prices offset gains in healthcare and technology stocks. The S&P 500 and Nasdaq edged up to all-time highs before a decline in oil dulled the gains.[O/R] A rally since late June has left the S&P 500 up nearly 7 percent in 2016, with many investors weighing stretched valuations against expectations for continued low interest rates. "We're probably going to consolidate and then head higher," said John Canally, chief economic stra
  
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• US STOCKS-Wall Street catches its breath after recent rally

  09-08-2016 20:31 via news.yahoo.com
  Wall Street hovered near record highs on Tuesday as weak oil prices offset gains in healthcare and technology stocks. The S&P 500 and Nasdaq edged up to all-time highs before a decline in oil dulled the ...
  
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• Valeant's rosy forecast and promised changes, fire up shares

  09-08-2016 20:11 via news.yahoo.com
  
  Drugmaker Valeant Pharmaceuticals, a fast-growing Wall Street darling until its price-hiking business strategy made it a symbol of pharmaceutical company greed, said it's undergoing a restructuring as its new CEO attempts to return the debt-laden company to growth and respectability — without big price increases.
  
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• USD/CAD Advance Vulnerable Sub 1.3186 - Look Lower to Get Long

  09-08-2016 19:39
  A newly identified slope highlights the risk for further declines while below the weekly high. Here are the updated targets & invalidation levels that matter.
  
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• UPDATE 3-British bookie William Hill spurns $4.1 bln Rank-888 bid

  09-08-2016 19:34
  
  * William Hill closes up 0.49 pct, 888 and Rank down(Adds closing share prices, details on Betfair)
  
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• Britain's FTSE hits 14-month high, Standard Life soars

  09-08-2016 18:28
  
  * Legal & General shares fall after H1 results(Recasts, adds detail and updates prices at close)
  
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• Here’s Why This Market Has Been a Stock Picker’s Nightmare

  09-08-2016 18:23 via news.yahoo.com
  
  After a terrifying start to the year, and a rip-roaring surge to new highs since June, it feels like someone tranquilized the stock market, which has drifted higher in four of the last five sessions as of mid-day Tuesday.
  
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• Germany's DAX hits 2016 high, boosted by Wall Street and earnings

  09-08-2016 18:21 via news.yahoo.com
  Germany's top share index hit a new high for 2016 on Tuesday as European shares advanced for a fifth straight session, boosted by new highs on Wall Street and strong results from companies like Munich Re. Germany's DAX closed up 2.5 percent, having hit 10,701.33, its highest level since the last trading day of 2015. The STOXX Europe 600 was up 0.9 percent, in positive territory for a fifth straight session.
  
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• Health, tech stocks power S&P, Nasdaq to record highs

  09-08-2016 17:39 via news.yahoo.com
  
  The S&P 500, which marked its fourth all-time high this month, rose to 2,187.33, while the Nasdaq touched an all-time high of 5,235.93. The S&P 500 index's healthcare index rose 0.49 percent, helped by a 26 percent jump in Endo International and a 3 percent rise in Mylan . The information technology index rose 0.35 percent, lifted by a 7.4 percent rise in Charter Communications and a 0.6 rise in Amazon.com .
  
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• Retail GBP/USD Sentiment Approaches Post-Brexit Extreme

  09-08-2016 17:05
  GBP/USD retail sentiment is approaching the post-Brexit extreme as the pair extends the decline from earlier this week and searches for support.
  
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• Rank And 888 Submit Offer For William Hill

  09-08-2016 16:27 via news.yahoo.com
  
  Casino giant Rank and online operator 888 have made a formal £3.6bn offer for a three-way merger with the high street bookmaker William Hill (Other OTC: WIMHF - news) . William Hill's board are reviewing the offer, before a formal response is released to the stock market. It stated that it was "not clear that a combination of William Hill with 888 and Rank will enhance William Hill's strategic positioning or deliver superior value to William Hill's strategy which is focused
  
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• MIDEAST STOCKS-Qatar snaps three-day winning streak, Saudi firms with oil

  09-08-2016 16:27 via news.yahoo.com
  * Qatar stays near nine-month high * Abu Dhabi pulls back as MSCI constituents weigh * Dubai's Shuaa up on futures market-maker news * Saudi petrochemical shares climb * Egypt's PHDC drops on Q2 profit slide By Celine Aswad DUBAI, Aug 9 (Reuters) - Qatar's stock market index ended a three-day winning streak on Tuesday as local investors booked profits while Saudi Arabia's index rose, helped by firmer oil prices. Doha's index, which had climbed as much as 0.7 percent earlier in the day, slipped i
  
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• Wall Street near record highs as oil, tech stocks lift

  09-08-2016 16:19 via news.yahoo.com
  
  (Reuters) - U.S. stocks traded near record highs on Tuesday morning as a rise in technology stocks added to the lift from steadying oil prices.
  
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• GBP Edges Higher After UK GDP Estimate Miss

  09-08-2016 16:15
  An estimate of UK GDP came in slightly below expectations, continuing fears of a post-Brexit slowdown.
  
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• Solid outlook from Valeant, promised changes, fire up shares

  09-08-2016 15:52 via news.yahoo.com
  
  Drugmaker Valeant Pharmaceuticals, a fast-growing Wall Street darling until its price-hiking business strategy made it a symbol of pharmaceutical company greed, said it's undergoing a restructuring as its new CEO attempts to turn it around and repair its tattered reputation.
  
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• Beware the Sleeping Giant: China Still a Quandary for Global Markets

  09-08-2016 15:30
  While China dominated the economic headlines to begin the year, matters have settled significantly. But make no mistake, this risk has not yet been countered.
  
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• S&P 500: Short-term Technical Update

  09-08-2016 15:07
  Key short-term levels and bias noted, trading environment remains 'light'.
  
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• Dow Jones Industrial Average Consolidates Near All Time Highs

  09-08-2016 15:05
  Dow Jones Industrial Average did increase but only marginally finishing last week up less than 1%.The market continues to consolidate near its all time highs.
  
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• AUD/USD: AUD is holding positions. Technical analysis for 09.08.2016

  09-08-2016 14:53 via liteforex.com
  Forex analytics: Review and dynamics Despite difference in the monetary policies of the US Fed and the RBA and low inflation in Australia, the Australian dollar continues to move in the uptrend in the currency market, holding steady position against the major currencies, including the USD.Last week the RBA cut interest rates and indicated possibility of the further cuts in rate in Australia. However, the pair ...
  
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• Analytical review of the stocks of Altria Group Inc. for 09.08.2016

  09-08-2016 14:48 via liteforex.com
  Forex analytics: Altria Group Inc., #MO [NYSE]`s Corp., #MCD [NYSE] Consumer goods, Cigarette industry, USAFinancial performance of the company: Index – S&P 500; Beta – 0.51;Capitalization – 121.98 В; Return on asset – 19.10%;Income - 5.24 B; Average volume – 6.36 М;P/E - 23.33; ATR – 1.08.Analytical review:​The company ranks the second on capitalization among the ...
  
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• EUROSTOXX50 : the pair is in the descending channel. Technical analysis for 09.08.2016

  09-08-2016 14:43 via liteforex.com
  Forex analytics: Review and dynamics Despite significant decline since the beginning of the month, the European stock index EuroStoxx50 has grown in the last few days, returning to the resistance levels of 3000.0 (ЕМА144 on the daily chart) and 3010.0 (Fibonacci 38.2% to the decrease since December 2015). The index EuroStoxx50 remains in the downtrend channel on the daily chart, with the upper limit slightly ...
  
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• FTSE Moves: The London market rises on the back of strong earnings from financial stocks

  09-08-2016 14:41 via news.yahoo.com
  
  The London market lifted close to a 14-month high in afternoon trading, buoyed by gains in financial stocks. The FTSE 100 Index was 22.8 points higher at 6,832, after Standard Life stock hit its highest level since the UK's Brexit vote, following the insurer reporting an increase in assets under management. The FTSE 250 rose 44.3 points to 17,602.
  
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• AUD/USD Nears Key Resistance, GBP/USD Triangle Breakdown Continues

  09-08-2016 14:10
  The USDOLLAR Index is relatively flat, but that doesn't mean the individual components aren't moving. Two pique our interest at present time.
  
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• Futures flat a day after S&P touches record high

  09-08-2016 13:31 via news.yahoo.com
  
  On Monday, Wall Street closed down in one of its lowest volume trading day this year, after the S&P slipped from its record high as healthcare stocks weighed. Investors will continue to assess the rest of second-quarter earnings and economic data to justify valuations. While earnings of S&P 500 companies are expected to decline at a slower rate than anticipated at the start of the season, investors worry that the earnings recession may spill into the third quarter.
  
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• Stocks advance on positive data

  09-08-2016 13:05 via news.yahoo.com
  
  European and Asian stock markets mostly rose Tuesday, with positive economic data offsetting a pause to Wall Street's record-breaking run higher.
  
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• Silver Prices Technical Analysis: 19.20 Remains the Short-term Target

  09-08-2016 12:38
  A move towards the low-end of trading range seen as the likely near-term outcome.
  
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• EuroStoxx50: Positive dynamics in the index will continue. Fundamental analysis for 09.08.2016

  09-08-2016 11:57 via liteforex.com
  Forex analytics: With the opening of today's trading session the European stock indexes are rising.This morning the data on trade balance of Germany and the budget of France in June was released. It became known that the surplus of trade balance in Germany amounted to 21.7 billion euro against 22.1 billion euro in May. The decline in the index was caused by the decrease in exports and the increase in imports. ...
  
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• DAX: Attempting to Clear All Major Resistance Levels

  09-08-2016 11:41
  On the verge of trading above several points of intermediate to long-term resistance.
  
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• British Pound Little Changed After Worse Than Expected Trade Data

  09-08-2016 11:12
  The British Pound was little changed after today’s worse than expected trade balance figures as pre-Brexit data still overlooked
  
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• AUD/USD: Business conditions in Australia have deteriorated. Fundamental analysis for 09.08.2016

  09-08-2016 11:01 via liteforex.com
  Forex analytics: The Australian dollar is one of the few currencies holding positions against the USD in the currency market. At the beginning of today's trading day the pair AUD/USD has almost reached the highs of July near the level of 0.7675. The rise in the AUD was apparently triggered by the increase in prices of oil and commodities and the rise in the Asian and European stocks. Yesterday, sovereign credit ...
  
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• Analytical review of the currency pair NZD/USD for 09.08.2016

  09-08-2016 10:19 via liteforex.com
  Forex analytics: Technical data of the currency pair:Previous closing: 0.7139; Daily range: 0.7110-0.7161;Opening: 0.7139; 52-week range: 0.6233-0.7329;Annual income: +7.93%; Change in % for the previous day: +0.28.Analytical review:​Over the last week correction in the NZD was 100 points against the USD. At the moment the NZD maintains the local resistance ...
  
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• Asian stock markets trade mixed as China consumer inflation increases and India keeps rates unchanged

  09-08-2016 09:14 via news.yahoo.com
  
  While Asian stock market indices were trading mixed on Tuesday (9 August), the Shanghai Composite was up 0.39% at 3,016.02 as of 6.12am GMT as China reported an increase in inflation and the Reserve Bank of India kept interest rates unchanged.
  
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• GBP/USD Short Term Levels With UK’s Growth Outlook in Focus

  09-08-2016 09:12
  The GBP/USD is trading around the 1.30 big figure as the NIESR GDP estimates and UK data ahead may hint at growth post-Brexit
  
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• Crude Oil Prices Eyeing API Inventory Data After OPEC-Linked Jump

  09-08-2016 07:23
  Crude oil prices are looking to the weekly API inventory estimate for direction after hitting a two-week high on hopes OPEC may offer prices output-side relief.
  
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• New Zealand Dollar Finds Support as RBNZ Rate Decision Nears

  09-08-2016 05:13
  The New Zealand Dollar found a measure of support ahead of the RBNZ monetary policy announcement despite broad calls for an interest rate cut.
  
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• News Corp revenue rises unexpectedly, snaps five quarters of declines

  09-08-2016 03:31 via news.yahoo.com
  
  (Reuters) - Rupert Murdoch's News Corp reported an unexpected 5.1 percent rise in quarterly revenue, helped by growth in its digital real estate business and in its news division that houses the Wall Street Journal and the New York Post. Analysts on average were expecting revenue to fall to $2.06 billion, according to Thomson Reuters I/B/E/S. Revenue in News Corp's news and information division, its biggest, rose 1 percent to $1.42 billion. The unit also includes the Dow Jones Newswires as well
  
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• British Pound Unmoved on Best BRC Retail Sales Data in 6 Months

  09-08-2016 02:39
  The British Pound showed a tepid response after BRC data showed the largest gain in UK retail sales since January in the month after the Brexit referendum.
  
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• AUD/USD Technical Analysis: Pivotal Resistance Back in Play

  09-08-2016 02:12
  The Australian Dollar is testing familiar resistance above the 0.76 threshold against its US counterpart after prices found support above the 0.74 figure.
  
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• EUR/USD Technical Analysis: Euro Back on the Defensive

  09-08-2016 01:39
  The Euro finds itself on the defensive once again having found resistance above the 1.12 figure against the US Dollar.
  
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