Analyst news

• Wall Street dips as investors assess rate outlook

  19-08-2016 22:35 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks edged lower on Friday, led by declines in utility shares as investors weighed prospects for an interest rate increase in the coming months. The telecommunications index , also sensitive to changes in interest rates, fell 0.9 percent. San Francisco Federal Reserve Bank President John Williams late on Thursday said if the U.S. central bank waited too long to raise rates, it could be costly for the economy and that a possible rate hike in Se
  
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• Wall Street ends lower as utilities weigh

  19-08-2016 22:12 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks closed slightly lower on Friday, led by declines in shares of utilities as investors weighed prospects for an interest rate increase in the coming months. The Dow Jones industrial average fell 45.13 points, or 0.24 percent, to 18,552.57, the S&P 500 lost 3.15 points, or 0.14 percent, to 2,183.87 and the Nasdaq Composite dropped 1.77 points, or 0.03 percent, to 5,238.38. (Reporting by Caroline Valetkevitch; Editing by James Dalgleish)
  
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• UPDATE 3-Private prison operators shrug off U.S. policy shift

  19-08-2016 22:00
  
  Aug 19 (Reuters) - Shares of the two largest operators of
  U.S. private prisons rebounded on Friday on bets that an Obama
  administration move to phase out the use of some for-profit
  corrections...
  
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• UPDATE 5-Deere shares jump on quarterly results, cost cuts

  19-08-2016 21:02
  
  Aug 19 (Reuters) - Deere & Co shares soared more than
  12 percent on Friday after the world's largest farm equipment
  manufacturer raised its fiscal year profit outlook and said it
  is redoubling...
  
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• IEX's 'Flash Boys' exchange goes live, aims to disrupt market

  19-08-2016 20:39 via news.yahoo.com
  
  By John McCrank NEW YORK (Reuters) - IEX Group, the upstart trading venue featured in Michael Lewis's book "Flash Boys: A Wall Street Revolt," began operations as a public stock exchange on Friday after more than 2-1/2 years as an off-exchange trading platform. The Investors' Exchange is the 13th U.S. stock exchange and will compete with the likes of Nasdaq Inc , Bats Global Markets and Intercontinental Exchange Inc's New York Stock Exchange. IEX plans to win market share without paying brokers
  
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• Webinar Archive-Charting with Jamie Saettele: 8/19/2016

  19-08-2016 20:16
  In his weekly webinar, Jamie Saettele takes you through the USD majors.He sees USD/CHF at a MAJOR juncture and touches on the idea of various currencies 'passing the baton' during the coming USD downtrend.
  
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• USD/CHF Peering Over the Ledge

  19-08-2016 19:54
  The 5 year trendline and 200 week average combination is a major technical barrier so a break below would be a significant development for USD/CHF. In the event of a break, talk of the low .8000s is not hyperbole.
  
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• Britain's FTSE 100 posts worst weekly loss since mid-June

  19-08-2016 19:07
  
  LONDON, Aug 19 (Reuters) - Britain's top shares index fell
  on Friday to post its worst weekly drop since mid-June as its
  earlier rally up to 14-month highs stalled, with mining stocks
  hit by weaker...
  
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• Oil drags on Dow, S&P; Nasdaq boosted by Applied Materials

  19-08-2016 17:23 via news.yahoo.com
  
  The Nasdaq was flat as Applied Materials led technology stocks higher. Energy stocks fell 0.84 percent as Brent crude oil dropped after hitting an eight-week high, with weak fundamentals countering a lift in sentiment over a possible output freeze. Investors were also cagey ahead of next week's meeting of central bankers from around the world in Jackson Hole, Wyoming, where Federal Reserve Chair Janet Yellen is likely to cement expectations for a slow pace of rate increases.
  
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• Wall Street lower as rate hike uncertainty returns

  19-08-2016 16:30 via news.yahoo.com
  
  U.S. stocks dropped on Friday, with investors again focusing on when the Federal Reserve will hike interest rates next and with the corporate earnings season winding down. Investors were also cagey ahead of next week's annual meeting of central bankers from around the world in Jackson Hole, Wyoming, in which Fed Chair Janet Yellen is likely to cement expectations for a slow pace of rate increases. Recent hawkish comments from two Fed officials have clashed with the central bank's position that m
  
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• USD/CHF Technical Analysis: Bear Flag or Bullish Reversal?

  19-08-2016 16:06
  The U.S. Dollar has continued to weaken throughout the week despite all the innuendo from the Fed towards future rate hikes. But is Friday's turnaround a blip in the radar, or a sign of trends to come?
  
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• UPDATE 1-K+S wins approval for Unterbreizbach water storage

  19-08-2016 15:41
  
  * Unterbreizbach site gets temporary saline water storage
  approval
  
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• CORRECTED-OFFICIAL-DoJ decision on private prisons not "death sentence" - analysts

  19-08-2016 15:23
  
  Aug 19 (Reuters) - Shares of private prison operators Geo
  Group Inc and Corrections Corp of America rose
  in premarket trading on Friday, a day after losing more than a
  third of their market value...
  
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• CAC 40 Declines for 6th Session

  19-08-2016 15:06
  After declining for its 6th session, the CAC 40 is again trading beneath its 200 Day SMA.
  
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• Wall Street set to open lower as rate hike timing regains focus

  19-08-2016 15:03 via news.yahoo.com
  
  Wall Street looked set to open lower on Friday after a week of choppy trading as the corporate earnings season winds down and investors again focus on the timing of the Federal Reserve's next interest rate hike. Investors were also cagey ahead of next week's annual meeting of central bankers from around the world in Jackson Hole, Wyoming, in which Fed Chair Janet Yellen is likely to cement expectations for a slow pace of rate increases. Recent hawkish comments from two Fed officials have clashed
  
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• USD/CAD Extends Gains After Canadian CPI and Retail Sales Data Miss

  19-08-2016 14:44
  Persistently weak Headline Inflation and Retail sales may fuel rate cut talks
  
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• Pakistan shares close lower; rupee steady, o/n rates rise

  19-08-2016 14:35
  
  KARACHI, Aug 19 (Reuters) - Pakistan shares closed lower on
  Friday, as cement and fertilizer stocks fell on reports the
  government had cut the price of urea and on market talk that it
  had abolished...
  
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• WTI Crude Oil Price Declines Ahead of CPI Data

  19-08-2016 14:09
  Crude Oil Prices are declining from their highs ahead of today's Canadian CPI data.
  
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• Futures dip; earnings season ends, rate hike timing in focus

  19-08-2016 13:40 via news.yahoo.com
  
  Investors were also cagey ahead of next week's annual meeting of central bankers from around the world in Jackson Hole, Wyoming, in which Fed Chair Janet Yellen is likely to cement expectations for a slow pace of rate increases. Recent hawkish comments from two Fed officials have clashed with the central bank's position that more data is needed before interest rates can rise, according to the minutes of the Fed's July meeting released this week. Its recent run to record highs has been partly sup
  
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• EUR/USD Trades Back From Weekly Highs

  19-08-2016 13:00
  After trading to new weekly highs, the EUR/USD is now retracing to key short term values of support.
  
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• US Dollar, Yen Surge as Market Mood Sours into the Weekend

  19-08-2016 11:55
  The US Dollar is riding haven flows higher and the anti-risk Yen is not far behind as risk appetite sours across financial markets in the final hours of the trading week.
  
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• Mauritius raises 2016 tourism earnings forecast by 1.8 pct

  19-08-2016 11:16 via news.yahoo.com
  
  Mauritius said on Friday that tourism revenue in 2016 will be 1.8 percent higher than it had previously forecast, after a surge in visitors during the first half. Tourism is a valuable source of foreign exchange for the tiny Indian Ocean country known for its luxury spas and beaches. Earnings from the sector are now expected to reach 56 billion rupees this year, up from an earlier forecast of 55 billion in May, according to Statistics Mauritius, an official body.
  
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• Asia stocks cautious, oil price holds above $50

  19-08-2016 11:14 via news.yahoo.com
  
  Asian stock markets were cautious Friday even after gains on Wall Street and as oil entered a bull market. The oil price also continued its upward trend overnight, with Brent crude holding above $50 a barrel on official data showing lower US crude stockpiles and hints of a possible production freeze.
  
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• Britain's FTSE edges towards biggest weekly loss since June

  19-08-2016 11:10
  
  LONDON, Aug 19 (Reuters) - Britain's top share index edged
  lower on Friday and was set for its biggest weekly drop since
  June as a strong rally to 14-month highs stalled.
  
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• USD/CAD in Focus to Close the Trading Week With CPI Data on Tap

  19-08-2016 11:05
  The USD/CAD is finding support around 1.28 after longest decline in years as we look ahead to Canadian CPI data later today
  
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• Gold Prices Unimpressed by Fed-Speak, Waiting for Yellen Speech

  19-08-2016 10:00
  Gold prices were unimpressed as Fed officials attempted to unify behind a cautiously hawkish policy outlook. All eyes are now on next week’s speech fromChair Yellen.
  
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• Canadian Dollar to Extend Gains on Sticky Core Inflation

  19-08-2016 10:00
  Another 2.1% print for Canada’s Core CPI may foster a further advance in the Canadian dollar as it encourages the BoC to gradually move away from its easing cycle.
  
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• Most Asian stock markets gain as oil prices near eight-week highs

  19-08-2016 09:27 via news.yahoo.com
  
  Most Asian stock market indices were trading in the green on Friday (19 August) with the Shanghai Composite up 0.06% at 3,105.83 as of 6.46am GMT, amid an increase in oil prices, which are now said to be near their eight-week highs.
  
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• USD/CNH Technical Analysis: Pair Set to Make a Decision

  19-08-2016 06:50
  The USD/CNH is holding below the 6.6500 level after finding support around the July lows, and a break to either side could prove influential
  
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• EUR/GBP Technical Analysis: A Top in Place Above 0.87 Figure?

  19-08-2016 06:00
  The Euro failed to find follow-through after piercing July’s swing high earlier in the week, with prices overturning the breakout following the formation of a bearish Dark Cloud Cover candlestick pattern.
  
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• Asia stocks cautious but oil price holds above $50

  19-08-2016 05:36 via news.yahoo.com
  
  Hong Kong (AFP) - Asia stocks markets moved cautiously in early trade Friday despite a positive lead from Wall Street and further overnight gains in the price of oil.
  
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• Oil Prices Rally Most Consistent Run in 16-Months Assisted by Lifted Restrictions

  19-08-2016 03:10
  US Oil prices have now advanced for six consecutive sessions, marking its best run since March 2015.
  
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• USD/CAD on Its Longest Daily Losing Streak in More Than 5 Years

  19-08-2016 03:05
  The US Dollar has lost ground to its Canadian counterpart for 9 consecutive days marking the USD/CAD’s longest losing streak since January 2011.
  
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• Asia rides Wall Street higher, buoyant crude nears six-week highs

  19-08-2016 02:47 via news.yahoo.com
  
  By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks edged up on Friday as Wall Street benefited from buoyant crude oil prices and expectations U.S. borrowing costs will remain at stimulatory levels at least until year-end. Japan's Nikkei added 0.5 percent and South Korea's Kospi tacked on 0.2 percent. MSCI's broadest index of Asia-Pacific shares outside Japan stood steady.
  
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• Asia rides Wall St. higher, buoyant crude nears six-week highs

  19-08-2016 02:45 via rocketnews.com
  
  By Shinichi Saoshiro
  TOKYO (Reuters) – Asian stocks edged up on Friday as Wall Street benefited from buoyant crude oil prices and expectations U.S. borrowing costs will remain at stimulatory levels at least until year-end.
  Japan’s Nikkei <.N225> added 0.5 percent and South Korea’s Kospi <.KS11> tacked on 0.2 percent. Australian shares <.AXJO> added 0.1 percent.
  MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> stood steady
  
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• UPDATE 2-Applied Materials forecast beats on chip, display demand

  19-08-2016 00:43
  
  * Shares rise 5.6 pct in extended trading(Adds detail, forecast)
  
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• UPDATE 2-Gap's profit forecast misses as Banana Republic remains weak

  19-08-2016 00:37
  
  * Merchandise margins increase(Adds executive comment; updates shares)
  
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• Gap offers muted outlook for annual earnings, lower profit

  19-08-2016 00:25 via news.yahoo.com
  
  NEW YORK (AP) — Gap Inc. offered a downbeat outlook for its annual profit on Thursday after reporting a 43 percent drop in net income for the second quarter, weighed down by moves to close stores.
  
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