Analyst news

• Housing sector lifts U.S., European stocks; oil pares gains

  23-08-2016 23:56 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - Homebuilders provided a modest lift to both U.S. and European stock markets on Tuesday, while oil prices got a brief boost from Iran's positive signals on an output freeze. On Wall Street, technology companies led the Nasdaq to a record intraday high and robust housing market data strengthened the case for a firming economy. Housing stocks jumped 2 percent after the Commerce Department reported new U.S. single-family home sales soared unexpectedly in July to n
  
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• TSX rises to one-week high as banks rally on BMO's earnings

  23-08-2016 23:41 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Canada's main stock index edged up to a one-week high on Tuesday as better-than-expected earnings for Bank of Montreal supported bank stocks, offsetting losses for the materials group. Bank of Montreal rose 2.2 percent to C$86.27. Canada's fourth largest bank reported quarterly results which beat analysts' expectations, benefiting from strength in its commercial banking and capital markets businesses.
  
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• EUR/GBP Technical Analysis: Euro Drops to 2-Week Low

  23-08-2016 23:22
  The Euro turned lower against the British Pound as expected after prices put in a bearish Dark Cloud Cover candlestick pattern, dropping to a two-week low.
  
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• NZD/USD Technical Analysis: Topping Below 0.73 Figure?

  23-08-2016 22:57
  The New Zealand Dollar continues to tread water in a narrow range against its US namesake having repeatedly failed to hold up above the 0.73 figure.
  
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• TSX firms to 1-week high as banks rally on earnings

  23-08-2016 22:16 via news.yahoo.com
  
  TORONTO (Reuters) - Canada's main stock index edged up to a one-week high on Tuesday as better-than-expected earnings for one of the country's major banks supported financials, offsetting losses for the materials group. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 16.58 points, or 0.11 percent at 14,764.77. Just four of the index's 10 main industry groups ended higher. (Reporting by Fergal Smith, editing by G Crosse)
  
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• Bank of Montreal eyes deals after earnings beat forecasts

  23-08-2016 22:12 via news.yahoo.com
  
  By Matt Scuffham TORONTO (Reuters) - Bank of Montreal said on Tuesday it would continue to look for acquisitions after reporting quarterly results which beat analysts' expectations, benefiting from strength in its U.S. commercial banking business. Canada's fourth-largest lender has expanded in the United States to help counter sluggish growth in its domestic market. The bank recently acquired General Electric Co's transportation finance business in the U.S. and Canada and agreed to buy advisory
  
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• Housing sector lifts U.S., European stocks; oil rises

  23-08-2016 21:49 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - Homebuilders helped lift both U.S. and European stock markets on Tuesday, while oil prices got a boost from Iran's positive signals about an output freeze. On Wall Street, technology companies led the Nasdaq to a record intraday high and robust housing market data strengthened the case for a firming economy. Housing stocks jumped 2 percent after the Commerce Department reported new U.S. single-family home sales unexpectedly soared in July to near nine-year hig
  
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• AIG in talks to sell Lloyd's insurance business to CPPIB - WSJ

  23-08-2016 20:26 via news.yahoo.com
  
  (Reuters) - American International Group Inc is in early talks to sell Lloyd's of London Ltd's [SOLYD.UL] insurance operations to Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported on Tuesday. If the deal comes through, it could fetch the insurance conglomerate hundreds of millions of dollars in proceeds, the Journal reported, citing people familiar with the matter. CPPIB is also in talks to buy a related reinsurance company based in Bermuda, the WSJ reported.
  
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• AIG in talks to sell Lloyd's insurance business to CPPIB – WSJ

  23-08-2016 20:26 via rocketnews.com
  
  (Reuters) – American International Group Inc is in early talks to sell Lloyd’s of London Ltd’s [SOLYD.UL] insurance operations to Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported on Tuesday.
  If the deal comes through, it could fetch the insurance conglomerate hundreds of millions of dollars in proceeds, the Journal reported, citing people familiar with the matter.
  CPPIB is also in talks to buy a related reinsurance company based in Bermuda, the WS
  
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• EURUSD: Waiting for the Dip & Rip- Key Resistance at 1.1400

  23-08-2016 19:18
  A slope off the Brexit lows remains in focus & highlights near-term resistance at today’s high. Here are the updated targets & invalidation levels that matter.
  
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• U.S. equity fund managers see reason to worry ahead of September

  23-08-2016 19:14 via news.yahoo.com
  
  The rally in U.S. stocks since late June is prompting some mutual fund managers to prepare for a rocky September. In part, the concerns are seasonal: September has seen more monthly declines of 5 percent or more in the S&P 500 than any other month since 1945 and is tied with August for the worst month in average returns overall, according to S&P Capital IQ. Poor corporate earnings or outlooks for the upcoming year, mutual funds selling before the end of their fiscal years and reduced cap
  
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• NZD/USD to Preserve Wedge/Triangle Formation on NZ Trade Deficit

  23-08-2016 18:58
  NZD/USD may continue to pullback from the fresh 2016-high (0.7339) as New Zealand is anticipated to post a trade-deficit in July.
  
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• Wall Street rises with tech stocks; one eye on Fed

  23-08-2016 18:55 via news.yahoo.com
  
  With the U.S. earnings season winding down, investors are also weighing up the prospect of an interest rate hike in the coming months. Federal Reserve Chair Janet Yellen's speech on Friday at Jackson Hole will be scrutinized for clues on the timing of a rate hike, especially after some Fed policymakers have in recent days hinted at the possibility of a hike in the near term. The meet, which includes central bankers from across the world, will start on Thursday and has traditionally been a platfo
  
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• China’s Market News: Private Capital Looking for Opportunities in China

  23-08-2016 18:43
  The Chinese government takes action in the effort of assisting private investment.
  
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• Housing sector helps stocks advance; dollar dips

  23-08-2016 18:12 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - World shares crept up on Tuesday with a boost from housing sectors while the dollar lost ground as investors awaited further clues on whether the Federal Reserve will raise U.S. interest rates this year. Wall Street opened higher for the first time in three days, and the Nasdaq hit a record intraday high, with the overall gain in U.S. stocks led by technology and housing. Housing stocks jumped up by at least 1.75 percent after the Commerce Department reported
  
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• Housing sector helps global stocks advance; dollar dips

  23-08-2016 18:01 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - World shares crept up on Tuesday with a boost from housing sectors while the dollar lost ground as investors awaited further clues on whether the Federal Reserve will raise U.S. interest rates this year. Wall Street opened higher for the first time in three days, and the Nasdaq hit a record intraday high, with the overall gain in U.S. stocks led by technology and housing. Housing stocks jumped up by at least 1.75 percent after the Commerce Department reported
  
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• WTI Crude Oil Price Forecast: Oil Firm on News of Iranian Support

  23-08-2016 17:30
  WTI Crude Oil (CFD: US Oil) Bounced on Tuesday on news that Iran may now support a cap on production causing Oil to reverse AM losses.
  
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• USD/JPY whipsaws after US PMI trails market expectations

  23-08-2016 16:38
  US August Preliminary PMI moderates but continues growing at a healthy pace
  
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• TSX rises to 1-week high as bank earnings support financials

  23-08-2016 16:38 via news.yahoo.com
  
  TORONTO (Reuters) - Canada's main stock index rose to a one-week high on Tuesday, led by financial shares after one of the country's major banks reported better-than-expected earnings, while lower oil prices weighed on energy stocks. Bank of Montreal rose 2.5 percent to C$86.50. Canada's fourth largest bank reported quarterly results which beat analysts' expectations, benefiting from strength in its commercial banking and capital markets businesses. Gains for bank stocks helped drive the financi
  
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• Wall Street moves higher, led by tech; Nasdaq hits record

  23-08-2016 15:58 via news.yahoo.com
  
  (Reuters) - The Nasdaq hit a record intraday high on Tuesday, with the overall gain in U.S. stocks led by technology and financial companies, as investors weighed the prospect of an interest rate hike this year.
  
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• Wall St moves higher, led by tech; Nasdaq hits record

  23-08-2016 15:57 via news.yahoo.com
  
  The Nasdaq hit a record intraday high on Tuesday, with the overall gain in U.S. stocks led by technology and financial companies, as investors weighed the prospect of an interest rate hike this year. As the U.S. earnings season winds down, the focus shifts to Federal Reserve Chair Janet Yellen's upcoming speech on Friday at Jackson Hole, Wyoming, for clues on when the central bank will raise rates. Yellen's stance will either support or dismiss the perceived hawkish stand that Fed policymakers h
  
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• Bank of Montreal quarterly earnings beat expectations

  23-08-2016 15:28 via news.yahoo.com
  
  Bank of Montreal on Tuesday reported quarterly results which beat analysts' expectations, benefiting from strength in its commercial banking and capital markets businesses. The bank, Canada's fourth-largest, said earnings per share for the third quarter ending July 31 rose to C$1.86, 3 percent above a year earlier. Excluding one-off items, earnings per share rose by 4 percent to C$1.94.
  
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• Global stocks creep up amid Fed limbo, dollar dips

  23-08-2016 14:51 via news.yahoo.com
  
  World shares crept up on Tuesday while the dollar lost ground as investors awaited further clues on whether the Federal Reserve will raise U.S. interest rates this year. Wall Street was expected to open modestly higher , with a busy day of economic data helping traders fill the gap before an annual gathering of global central bankers in the mountains of Wyoming on Thursday and Friday. The euro also posted gains as one major bank decided the news had been good enough that the European Central Ban
  
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• Gold, Yen Primed for USD Volatility around Jackson Hole

  23-08-2016 14:48
  Markets are continuing to harbor a dovish expectation for FOMC policy for the remainder of the year, but with the Jackson Hole Economic Symposium set to start at the end of this week, that can all change very quickly.
  
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• Stocks creep up amid Fed limbo, dollar dips

  23-08-2016 14:41 via rocketnews.com
  
  By Marc Jones
  LONDON (Reuters) – World shares crept up on Tuesday while the dollar lost ground as investors awaited further clues on whether the Federal Reserve will raise U.S. interest rates this year.
  Wall Street was expected to open modestly higher , with a busy day of economic data helping traders fill the gap before an annual gathering of global central bankers in the mountains of Wyoming on Thursday and Friday.
  European equities were up 0.75 percent <.STOXX> led by mining and
  
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• Bank of Montreal's quarterly earnings beat expectations

  23-08-2016 13:27 via news.yahoo.com
  
  TORONTO (Reuters) - Bank of Montreal reported a 3 percent increase in quarterly earnings, ahead of market expectations, on strength in its retail and commercial banking and capital markets businesses. The bank, Canada's fourth-largest, said on Tuesday its earnings per share for the third quarter to July 31 were C$1.86, above the analysts' average forecast of C$1.81, according to Thomson Reuters I/B/E/S. Net income rose by 4 percent to C$1.25 billion from a year earlier. However, the bank reporte
  
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• S&P 500: A Look at the Short-term Chart-scape

  23-08-2016 13:13
  Summer trading continues, short-term look at key levels and patterns.
  
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• Crude Oil Prices Decline For 2nd Session

  23-08-2016 13:00
  Crude Oil prices are trading lower for the second day and testing current support near $46.87.
  
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• Nikkei 225 Technical Analysis: 16,500 Shows Resilience

  23-08-2016 12:22
  The Nikkei 225 is holding above the 16,500 level, and further upside gains seem likely to shift focus to 17,000
  
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• Silver Prices Drop Below 19.20 Level and Multi-Week Range

  23-08-2016 12:20
  Silver takes out key support, trend remains lower but need to be mindful of long-term support zone.
  
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• Singapore stock market August 2016 – some reasons to feel not quite so gloomy!

  23-08-2016 11:59 via news.yahoo.com
  
  The Singapore stock market has not given investors much joy of late. As of the end of last month,...
  
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• DAX: Challenges Critical Area of Support, Finds Buyers

  23-08-2016 11:24
  The DAX declines into support zone, but finds sponsorship.
  
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• EUR/USD Little Changed as Markit Euro-Zone PMIs Look Past Brexit

  23-08-2016 11:12
  The Euro was little changed versus other majors after today’s Markit PMIs printed mixed readings, report said Brexit not derailing recovery
  
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• Asian markets mixed as oil prices retreat from two-month highs ahead of US Fed meeting

  23-08-2016 09:09 via news.yahoo.com
  
  While Asian stock market indices were trading mixed on Tuesday (23 August), the Shanghai Composite was up 0.07% at 3,086.83 as of 6.02am GMT. Investors seem to await the Federal Reserve Bank of Kansas City's monetary policy symposium at Wyoming, US, on Friday (26 August).
  
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• Euro Likely to be More Sensitive to Soft vs. Upbeat PMI Data

  23-08-2016 07:27
  The Euro is likely to be more sensitive to Augusts’ flash PMI data roundup if the outcomes disappoint relative to economists’ expectations versus the alternative.
  
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• EUR/USD Short Term View Ahead of Euro-Zone Markit PMIs

  23-08-2016 07:12
  The EUR/USD is edging higher, approaching its pre-Brexit highs, as we look ahead for Markit PMIs
  
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• Crude Oil Prices Plunge as Iraq Readies Output Boost

  23-08-2016 05:45
  Crude oil prices fell by the most in two weeks after Iraq prepared to boost output, dimming hopes for a supply restriction deal at an OPEC meeting next month.
  
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• Australia shares gain on strong earnings; NZ hits another record

  23-08-2016 04:41 via news.yahoo.com
  
  By Swati Pandey SYDNEY/WELLINGTON(Reuters) - Australian shares climbed 0.8 percent on Tuesday aided by broad-based gains across all sectors as sentiment was buoyed by better-than-feared results from several large companies in the earnings season so far. Banks and healthcare stocks led gains, aided by strong earnings from healthcare services provider Healthscope which posted a nearly 19 percent rise in full year profits. Australian companies have fared well in the current earnings season which is
  
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