Analyst news

• UPDATE 6-Mylan offers discounts on EpiPen amid wave of criticism

  25-08-2016 23:29
  Aug 25 (Reuters) - Mylan NV said on Thursday it
  would reduce the out-of-pocket costs of its emergency EpiPen
  allergy injection for some patients amid a wave of criticism
  from lawmakers and the public...
  
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• UPDATE 4-St Jude stock shorted on heart device hacking fears; shares drop

  25-08-2016 23:14
  
  Aug 25 (Reuters) - The stock of pacemaker manufacturer St.
  Jude Medical Inc fell sharply on Thursday after
  short-selling firm Muddy Waters said it had placed a bet that
  the shares would fall,...
  
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• Health care sector pulls stock market lower again

  25-08-2016 23:00 via news.yahoo.com
  
  NEW YORK (AP) — Stocks fell in light trading for a second day on Thursday as investors sifted through a mix of earnings reports.
  
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• CAC 40 Bounces at Range Support

  25-08-2016 21:10
  The CAC 40 closes lower, but has bounced from support of a 5 day trading range.
  
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• USDJPY: US GDP / Yellen Speech to Trigger Consolidation Range-Break

  25-08-2016 20:53
  We’re looking for a resolution to the near-term consolidation range heading into the weekly close. Here are the updated targets & invalidation levels that matter.
  
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• Stocks move lower in afternoon trading on mixed earnings

  25-08-2016 20:21 via news.yahoo.com
  
  Stocks are moving lower in afternoon trading Thursday as investors sift through a handful of earnings reports. Tiffany & Co. rose on higher profits, but Signet Jewelers and Dollar General fell after reporting ...
  
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• China’s Market News: Bond Prices Remain Elevated Despite PBOC Actions

  25-08-2016 19:33
  China’s Central Bank adopted the 14-day reverse repos for the second day; however, this has not fully eased the conditions in the bond market.
  
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• USD/JPY Technical Analysis: Implied Vol Shows Trader’s Nerves

  25-08-2016 19:10
  USD/JPY ATR (5) is at its lowest levels of 2016. However, below the surface, expected fluctuations in USD/JPY are rising fast.
  
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• Wall Street flat as financials offset consumer declines; Fed eyed

  25-08-2016 19:00 via news.yahoo.com
  
  Wall Street was little changed on Thursday afternoon as a drop in consumer stocks was offset by gains in technology companies as well as financials after two more Federal Reserve officials said interest rates can be raised. "I do think it is time to move that rate," Kansas City Fed President and voting member, Esther George, told CNBC, while Dallas Fed President Robert Kaplan said the central bank was "moving toward being able to take another step." Following the comments, traders sharply increa
  
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• Pharma nerves hit stocks, dollar wobbles before Fed gathering

  25-08-2016 18:48 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - European stocks saw their biggest fall in three weeks on Thursday and currency markets were noticeably subdued as investors took to sidelines ahead of one of the big global central banker gatherings of the year. Japanese and Chinese stocks had suffered modest drops in Asia and the pace picked up in Europe as London's FTSE sank 0.4 percent and Frankfurt and Paris lost as much as 1.2 percent in a region-wide slide. Wall Street was also set for an all-red start for
  
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• Wall Street opens lower as investors await Yellen

  25-08-2016 18:41 via rocketnews.com
  
  Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 28, 2016. REUTERS/Brendan McDermid/File Photo
  MoreREUTERS – U.S. stocks opened lower on Thursday as investors nervously awaited Federal Reserve Chair Janet Yellen’s take on interest rate hikes.
  The Dow Jones Industrial Average was down 26.6 points, or 0.14 percent, at 18,454.88.
  The S&P 500 was down 3.96 points, or 0.18 percent, at 2,171.48.
  The Nasdaq Composite was down 11.85 points, or
  
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• USD/CAD Technical Analysis: Awaiting Yellen To Break The Range

  25-08-2016 17:42
  USD/CAD Has Begun To Turn Higher. Now, Focus Turns to Jackson Hole & The Struggling Canadian Economy.
  
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• Financials lift Wall Street as rate hike optimism grows

  25-08-2016 17:42 via news.yahoo.com
  
  "There is healthy skepticism about the Fed raising rates ahead of Yellen's comments tomorrow," said Adam Sarhan, chief executive officer at Sarhan Capital. At 11:32 a.m. EDT the Dow Jones Industrial Average was up 10.86 points, or 0.06 percent, at 18,492.34.
  
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• EUR/USD Consolidates Ahead of Jackson Hole

  25-08-2016 17:36
  As momentum stalls, the EUR/USD is consolidating ahead of tomorrows Jackson Hole Policy Symposium.
  
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• Stocks rise slightly in early trading on Wall Street

  25-08-2016 17:31 via news.yahoo.com
  
  Stocks are mostly unchanged in morning trading Thursday as investors sift through a handful of earnings reports. Drug company Mylan rose, but Signet Jewelers and Dollar General fell after the retailers ...
  
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• UPDATE 4-Lower precious-metal costs add sparkle to Tiffany's profit

  25-08-2016 17:08
  
  * Shares rise 8 pct(Adds comment, background, updates shares)
  
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• INTERVIEW-Hawaiian volcano discovery fuels Danish Rockwool's U.S. growth

  25-08-2016 17:06
  
  COPENHAGEN, Aug 25 (Reuters) - Danish insulation maker
  Rockwool International posted solid second quarter
  results on Thursday, benefiting from growth in the North
  American market thanks to one of its...
  
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• UPDATE 3-Mylan offers discounts on EpiPen after Clinton criticism

  25-08-2016 16:49
  
  Aug 25 (Reuters) - Mylan NV said on Thursday it
  would reduce the out-of-pocket cost of its severe allergy
  treatment EpiPen through a discount program, a day after
  Democratic Presidential candidate...
  
  Read more

• Stocks drift between small gains and losses on Wall Street

  25-08-2016 16:35 via rocketnews.com
  FILE – This Thursday, Oct. 2, 2014, file photo shows the facade of the New York Stock Exchange. Global stocks fell Thursday, Aug. 25, 2016, in lackluster trading as investors awaited a speech by Federal Reserve Chair Janet Yellen on Friday for hints on a possible further interest rate increase. (AP Photo/Richard Drew, File)
  MoreNEW YORK (AP) — Stocks are mostly unchanged in morning trading Thursday as investors sift through a handful of earnings reports. Several companies including H
  
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• Wall Street lower as nerves rise ahead of Yellen speech

  25-08-2016 16:02 via news.yahoo.com
  
  While the Fed is widely expected to maintain rates at its September meeting, Yellen's language on Friday morning will be assessed to see whether she takes a more aggressive stance. Investors have been playing a waiting game all week, expecting Yellen to either endorse or dismiss the hawkish tone set by key policymakers, the latest from Kansas City Fed President and voting member, Esther George, on Thursday. "I do think it is time to move that rate," George told CNBC, arguing on the basis of prog
  
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• UPDATE 2-German research firm GfK names new chairman amid M&A talk

  25-08-2016 15:20
  
  * Shares in GfK jump as much as 8.4 percent(Recasts with new chairman, adds analyst comment)
  
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• UPDATE 3-Tiffany's profit unexpectedly rises on lower costs, higher prices

  25-08-2016 14:52
  
  * Shares rise 4.5 pct premarket(Adds detail, background; updates shares)
  
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• UPDATE 2-Mylan offers discounts on EpiPen after Clinton criticism

  25-08-2016 14:33
  
  Aug 25 (Reuters) - Mylan NV said on Thursday it
  would reduce the out-of-pocket cost of its severe allergy
  treatment EpiPen through a discount program, a day after
  Democratic Presidential candidate...
  
  Read more

• US Dollar on Unsteady Ground Ahead of Yellen’s Speech Tomorrow

  25-08-2016 14:00
  Markets have been quiet, but there are events on the horizon that could shake things up into the end of the week.
  
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• Pharma nerves hit global stocks, dollar wobbles before Fed gathering

  25-08-2016 14:00 via news.yahoo.com
  
  European stocks saw their biggest fall in three weeks on Thursday and currency markets were noticeably subdued as investors took to sidelines ahead of one of the big global central banker gatherings of the year. Japanese and Chinese stocks had suffered modest drops in Asia and the pace picked up in Europe as London's FTSE sank 0.4 percent and Frankfurt and Paris lost as much as 1.2 percent in a region-wide slide. Wall Street was also set for an all-red start for its main S&P 500 , Dow and Na
  
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• WTI Crude Oil Price Forecast: Daily Support and Resistance Levels

  25-08-2016 13:48
  After trading to weekly lows, Crude Oil prices find temporary support at $46.41.
  
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• UPDATE 1-Mylan cuts EpiPen costs after Clinton criticism

  25-08-2016 13:40
  
  Aug 25 (Reuters) - Mylan NV said on Thursday it
  would reduce the out-of-pocket cost of its severe allergy
  treatment EpiPen, a day after Democratic Presidential candidate
  Hillary Clinton joined other...
  
  Read more

• UPDATE 2-Luxury jeweler Tiffany posts surprise rise in quarterly profit

  25-08-2016 13:36
  
  Aug 25 (Reuters) - Upscale jeweler Tiffany & Coreported an unexpected rise in second-quarter profit as margins
  got a boost from lower product input costs, changes in product
  sales mix and price...
  
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• TD Bank third-quarter earnings beat market expectations

  25-08-2016 13:03 via news.yahoo.com
  
  TORONTO (Reuters) - Toronto-Dominion Bank , Canada's second-biggest lender, reported third-quarter earnings that were ahead of market expectations on Thursday, helped by growth in its U.S. retail and wholesale banking business. The bank said its earnings, excluding one-off items, rose to C$1.27 per share in the third quarter which ended on July 31 from C$1.20 a year earlier. Analysts on average had expected earnings of C$1.21, according to Thomson Reuters I/B/E/S. Rivals Royal Bank of Canada and
  
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• Silver Prices Continue to Erode into Big Picture Support Zone

  25-08-2016 12:29
  Silver short-term trend remains lower, but be mindful of long-term support zone.
  
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• UPDATE 2-RTL revenues slide as FremantleMedia disappoints

  25-08-2016 11:50
  
  * Shares down 1.6 pct(Adds executive, analyst comment, background, updates shares)
  
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• AUD/USD Short Term Outlook Ahead of US Durable Goods Orders

  25-08-2016 11:43
  The AUD/USD keeps failing above 0.77 while 0.76 still holds as support, as we look ahead for US news flow for potential volatility
  
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• S&P 500: Double-top Set-up Ahead of Yellen Speech

  25-08-2016 11:12
  Market could trigger a double-top, Jackson Hole event risk could trigger...
  
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• Strong Rebound in U.S. Durable Goods Orders to Fuel EUR/USD Pullback

  25-08-2016 10:00
  A marked rebound in orders for U.S. Durable Goods may fuel a larger pullback in EUR/USD as it boosts speculation for a 2016 Fed rate-hike.
  
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• Sibanye Gold H1 earnings surge, focus on safety

  25-08-2016 09:54 via news.yahoo.com
  
  South African-focused bullion and platinum producer Sibanye Gold posted a six-fold surge in interim earnings on Thursday on a sharply higher rand-gold price and said it was refocusing on safety after a spike in fatalities. The company said it had appointed veteran executive Peter Turner to head up safety for the group. Safety has been back in the spotlight in South Africa, home to the world's deepest mines, after an increase in fatalities across the industry this year after the death toll had fa
  
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• UPDATE 1-Owner of Germany's GfK eyes merger or sale - WirtschaftsWoche

  25-08-2016 09:30
  
  * Shares in GfK jump 8.4 percent(Adds GfK declines to comment, share price after market open,
  background on GfK Verein)
  
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• BRIEF-Shares in Playtech open 3.3 pct up after co announces special dividend

  25-08-2016 09:09
  
  * Shares in Playtech open 3.3 percent up after co says it
  would return 150 million euros to shareholders via a special
  dividendFurther company coverage:
  (Bengaluru Newsroom: +91 80 6749 1136)
  
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• Asian markets mixed ahead of speech by Fed's Janet Yellen

  25-08-2016 09:02 via news.yahoo.com
  
  While Asian stock market indices were trading mixed on Thursday (25 August), the Shanghai Composite was down 0.88% at 3,058.72 as of 5.57am GMT. Traders are reportedly eager to listen to Fed Chair Janet Yellen's speech on Friday (26 August) at the annual economic policy symposium in Jackson Hole, US.
  
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• South African retailer Woolworths reports 8.9 pct rise in FY profit

  25-08-2016 08:35
  
  JOHANNESBURG, Aug 25 (Reuters) - South African retailer
  Woolworths Holdings reported an 8.9 percent rise in
  full-year profit as its food sales gained more market share
  despite a weak economy its home...
  
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• Asia stocks hold gains before Yellen speech, dollar firm

  25-08-2016 08:10 via news.yahoo.com
  
  By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the dollar held firm against regional currencies ahead of a speech by Federal Reserve Chair Janet Yellen at a global central bankers' meeting. MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.3 percent higher. Japan's Nikkei was down 0.3 percent, pressured by losses on Wall Street overnight and investor caution ahead of Yellen's speech in Jackson H
  
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• Euro Eyes IFO Data, NZ Dollar Gains After Fonterra Outlook Update

  25-08-2016 08:08
  The Euro is looking to German IFO data to gauge post-Brexit vote malaise. The New Zealand Dollar rose after Fonterra upgraded its milk price forecast.
  
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• Key Indian equity indices trade higher

  25-08-2016 06:04 via news.yahoo.com
  
  Mumbai, Aug 25 (IANS) Key Indian equity market indices opened in the green on Thursday despite a drop in the Asian markets and at the Wall Street ahead of the Federal Reserve Chair Janet Yellen's speech.
  
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• Asia stocks mark time before Yellen speech; dollar firm

  25-08-2016 05:06 via news.yahoo.com
  
  Asian stocks edged higher on Thursday but clung to recent well-worn trading ranges while the greenback held firm against regional currencies ahead of a speech by Federal Reserve Chair Janet Yellen at a global central bankers' meeting. MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.2 percent higher. Japan's Nikkei was down 0.3 percent, pressured by losses on Wall Street overnight and investor caution ahead of Yellen's speech in Jackson Hole, Wyoming, on Friday.
  
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• Asia slips on weaker Wall Street, dollar marks time before Yellen

  25-08-2016 02:37 via news.yahoo.com
  
  TOKYO (Reuters) - Asian stocks slipped on Thursday, taking their cue from an overnight drop on Wall Street, while the dollar marked time ahead of Friday's speech by Federal Reserve Chair Janet Yellen at the global central bankers' meeting.
  
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• Gold Prices Breach Range Support Ahead of Key Yellen Speech

  25-08-2016 00:56
  Gold prices broke through two-week range support on growing supply expectations. The move comes just before a potentially pivotal speech from Fed Chair Yellen.
  
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• UPDATE 2-HP Inc beats estimates, weak printer demand weighs on forecast

  25-08-2016 00:45
  
  Aug 24 (Reuters) - HP Inc, the hardware business of
  the former Hewlett-Packard Co, reported higher-than-expected
  quarterly revenue and profit as demand recovered for its
  notebooks.
  
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