Analyst news

• Energy drags Wall St lower; S&P down slightly in August

  31-08-2016 22:57 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Stocks ended lower on Wall Street on Wednesday, as energy shares tracked oil prices lower, and the S&P posted a loss for August, the first negative month for the benchmark index since February. The Nasdaq gained 1 percent in August and the S&P shed 0.1 percent, speaking to stocks' resiliency after the S&P hit an all-time high mid-month. The energy sector of the S&P 500 ended 1.4 percent lower on Wednesday, its largest daily decline in three
  
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• UPDATE 4-U.S. sues to stop Deere from buying Precision Planting

  31-08-2016 22:32
  
  WASHINGTON/CHICAGO, Aug 31 (Reuters) - The U.S. Justice
  Department filed a lawsuit on Wednesday aimed at stopping Deere
  & Co from buying Monsanto Co's Precision Planting
  farm equipment business,...
  
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• Wall St. ends lower on energy weakness

  31-08-2016 22:06 via news.yahoo.com
  
  NEW YORK (Reuters) - Stocks ended lower on Wall Street on Wednesday, closing out the first negative month for the S&P 500 since February, as energy shares tracked oil prices lower. The Dow Jones industrial average fell 53.42 points, or 0.29 percent, to 18,400.88, the S&P 500 lost 5.2 points, or 0.24 percent, to 2,170.92 and the Nasdaq Composite dropped 9.77 points, or 0.19 percent, to 5,213.22. (Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)
  
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• August Almost Killed AUD/CHF

  31-08-2016 21:55
  August represented the least volatile month so far during 2016 for AUD/CHF. Price action currently hovering above support level on symmetrical triangle. Will September test resistance levels of AUD/CHF ascending channel?
  
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• USD/JPY Technical Analysis: Are The Bulls Ready To Rumble?

  31-08-2016 21:29
  USD/JPY has moved aggressively higher on twin fears of FOMC hikes and BoJ easing. If USD/JPY clears resistance, upside targets could get hit fast.
  
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• China’s Market News: Yuan Weakens, While Yield Elevates

  31-08-2016 20:53
  The PBOC continued to guide Yuan rates as well as onshore borrowing rates.
  
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• USD/CHF Technical Analysis: One’s Trend is Another’s Range

  31-08-2016 20:51
  Near-term price action in Swissy has been aggressively bullish, but scrolling out on the chart will highlight a longer-term range that could become workable should USD strength recede.
  
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• AUD/USD Searches for Support as NFPs Take Center Stage

  31-08-2016 19:59
  A string of economic data over the next 48hrs highlights Aussie into the monthly open. Here are the updated targets & invalidation levels that matter heading into the release.
  
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• GBP/JPY Technical Analysis: Bullish Channel Runs to Resistance

  31-08-2016 19:45
  After the aggressive down-trend failed to set a lower-low, price action in GBP/JPY has been getting more and more bullish, as can be seen in the 650+ pip run in the upward-sloping trend-channel.
  
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• Apple tax windfall could help ease Ireland's debts says S&P

  31-08-2016 19:18 via news.yahoo.com
  
  A European Commission ruling that Apple Inc should pay Ireland up to 13 billion euros of back-dated taxes could help the country cut its debt significantly but may undermine its government, Standard & Poor's told Reuters on Wednesday. The European Union's executive arm ordered Apple to pay the bill on Tuesday, ruling the iPhone maker had received illegal state aid. Although Apple and Dublin have said they will contest the decision, economists have nevertheless been trying to calculate the po
  
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• Wall Street treads lower as oil weighs on energy stocks

  31-08-2016 19:11 via news.yahoo.com
  
  Wall Street was down on Wednesday, with the benchmark S&P 500 index marking its biggest decline in four weeks, as a sharp drop in oil prices weighed on energy stocks. The S&P 500 energy index plunged 1.67 percent, making it the biggest decliner among the 10 major S&P 500 indexes. Exxon Mobil fell 1.1 percent and was the top drag on the S&P while Chevron's 1.6 percent decline had a similar effect on the Dow.
  
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• Polymetal pushes housebuilder Berkeley out of FTSE 100

  31-08-2016 19:01 via news.yahoo.com
  
  By Sudip Kar-Gupta LONDON (Reuters) - Housebuilder Berkeley Group has lost its place in the blue-chip FTSE 100 equity index after its stock price dropped, partly because of Britain's vote to leave the European Union. FTSE Russell, which handles changes to the index, said on Wednesday that Berkeley would be replaced by Russian gold and silver miner Polymetal, whose shares have surged as economic uncertainty has driven up the price of gold. A company's place in the FTSE 100 index is decided on the
  
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• UPDATE 1-Polymetal pushes housebuilder Berkeley out of UK's FTSE 100

  31-08-2016 19:00
  
  * Pendragon, Circassia drop out of FTSE 250(Adds detail, background)
  
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• Polymetal pushes housebuilder Berkeley out of UK's FTSE 100

  31-08-2016 19:00 via news.yahoo.com
  
  Housebuilder Berkeley Group has lost its place in the blue-chip FTSE 100 equity index after its stock price dropped, partly because of Britain's vote to leave the European Union. FTSE Russell, which handles changes to the index, said on Wednesday that Berkeley would be replaced by Russian gold and silver miner Polymetal, whose shares have surged as economic uncertainty has driven up the price of gold. A company's place in the FTSE 100 index is decided on the basis of its share performance and st
  
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• GBP/USD Technical Analysis: Carney’s Lament

  31-08-2016 18:59
  While the British Pound continues to languish near 30-year lows, a pick-up in inflationary pressure may bring on a contrarian price movement in the coming weeks.
  
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• US DOLLAR Technical Analysis: Fed Tempts Dollar Bulls To Bite

  31-08-2016 18:55
  After FOMC Vice Chair Stanley Fischer said two hikes are possible in 2016, data has been strong leading to NFP, and USD is set for largest bullish move since the Brexit.
  
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• Theranos voluntarily pulls request for fast clearance of Zika test

  31-08-2016 18:39 via news.yahoo.com
  
  (Reuters) - Blood-testing firm Theranos Inc said it voluntarily withdrew a request to the U.S. Food and Drug Administration for emergency clearance of its Zika-virus blood test. Theranos made the decision after the FDA said the company did not include proper patient safeguards in a study, the Wall Street Journal reported, citing people familiar with the matter. "We hope that our decision to withdraw the Zika submission voluntarily is further evidence of our commitment to engage positively with t
  
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• Interview: Apple tax receipts could help cut Ireland's debt pile - S&P's Kraemer

  31-08-2016 17:56 via news.yahoo.com
  
  By Abhinav Ramnarayan LONDON (Reuters) - The European Commission's ruling that Apple Inc should pay up to 13 billion euros of back-dated taxes could help Ireland reduce its debt significantly but may undermine its government, Standard & Poor's told Reuters on Wednesday. "There are many uncertainties ahead but if we assume that the money will definitely come through, the sum of 13 billion euros is not insignificant for an economy the size of Ireland," said Moritz Kraemer, the ratings agency's
  
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• Interview: Apple tax receipts could help cut Ireland's debt pile – S&P's Kraemer

  31-08-2016 17:56 via rocketnews.com
  
  By Abhinav Ramnarayan
  LONDON (Reuters) – The European Commission’s ruling that Apple Inc should pay up to 13 billion euros of back-dated taxes could help Ireland reduce its debt significantly but may undermine its government, Standard & Poor’s told Reuters on Wednesday.
  “There are many uncertainties ahead but if we assume that the money will definitely come through, the sum of 13 billion euros is not insignificant for an economy the size of Ireland,” said Morit
  
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• Apple tax receipts could help cut Ireland's debt pile - S&P's Kraemer

  31-08-2016 17:55 via news.yahoo.com
  
  By Abhinav Ramnarayan LONDON (Reuters) - The European Commission's ruling that Apple Inc should pay up to 13 billion euros of back-dated taxes could help Ireland reduce its debt significantly but may undermine its government, Standard & Poor's told Reuters on Wednesday. "There are many uncertainties ahead but if we assume that the money will definitely come through, the sum of 13 billion euros is not insignificant for an economy the size of Ireland," said Moritz Kraemer, the ratings agency's
  
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• Apple tax receipts could help cut Ireland's debt pile – S&P's Kraemer

  31-08-2016 17:55 via rocketnews.com
  
  By Abhinav Ramnarayan
  LONDON (Reuters) – The European Commission’s ruling that Apple Inc should pay up to 13 billion euros of back-dated taxes could help Ireland reduce its debt significantly but may undermine its government, Standard & Poor’s told Reuters on Wednesday.
  “There are many uncertainties ahead but if we assume that the money will definitely come through, the sum of 13 billion euros is not insignificant for an economy the size of Ireland,” said Morit
  
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• USD/CAD Eyes Topside Hurdles Following Dismal Canada GDP Report

  31-08-2016 17:00
  USD/CAD may continue to take out the topside targets following the dismal GDP report as the pair carves a near-term series of higher highs & lows.
  
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• Apple tax receipts could help cut Ireland's debt pile - S&P

  31-08-2016 16:33 via news.yahoo.com
  
  The European Commission's ruling that Apple should pay 13 billion euros of back-dated taxes could help Ireland reduce its debt significantly but may undermine the Irish government in the process, Standard & Poor's told Reuters on Thursday. "There are many uncertainties ahead but if we assume that the money will definitely come through, the sum of 13 billion euros is not insignificant for an economy the size of Ireland," said Moritz Kraemer, the ratings agency's chief European sovereign ratin
  
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• Dow Jones Industrial Average Awaits Friday’s Jobs Report

  31-08-2016 16:15
  Dow Jones Industrial Average volatility is reaching multi-year lows. Volatility as measured through the average true range (ATR) is at their lowest levels since December 2014.
  
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• Gold Prices Sink to Deeper Support, is More Pain to Follow?

  31-08-2016 15:05
  Gold prices have been on a rollercoaster this year, but that ride has had a bullish bias with more than 20% worth of gains the year. But with the Fed now talking up higher rates, how much deeper might prices fall?
  
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• US Dollar Eyes NFPs on Friday Following ’Goldilocks’ ADP Report

  31-08-2016 14:45
  Beating expectations by just +2K, the August US ADP Employment report was ‘just right.’
  
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• USDOLLAR at Key Resistance; Euro Hurt by Slipping Inflation Data

  31-08-2016 14:05
  The US Dollar has been on a nice little run, but today's data could easily shake confidence ahead of Friday's NFP report.
  
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• Silver Prices Consolidate With a Symmetrical Triangle

  31-08-2016 13:46
  Silver prices are in a holding pattern, consolidating in the short term with a symmetrical triangle.
  
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• Silver Prices: Price Action Contracting, Follow the Break

  31-08-2016 13:06
  Short-term triangle developing, waiting for confirmation before taking action.
  
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• U.S. 10-year yield on course for biggest monthly rise in over a year

  31-08-2016 12:11 via news.yahoo.com
  
  The growing prospects of a rate hike, perhaps next month, lifted the dollar against many major currencies, pushing it up to a one-month high against the Japanese yen. Japan's Nikkei 225 bucked the trend, however, its 1 percent rally driven by the yen's fall to a one-month low. U.S. futures pointed to a slight decline at the open on Wall Street and Europe's main bourses hovered close to flat in early trading.
  
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• USD/CAD Levels to Watch Ahead of Canada GDP, Crude Oil Inventories

  31-08-2016 11:53
  The USD/CAD is trading around 1.31 as the US Dollar continues to strengthen, and the event risk ahead puts the pair in focus
  
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• U.S. ten-year yield on course for biggest monthly rise in over a year

  31-08-2016 11:37 via news.yahoo.com
  
  The growing prospects of a rate hike, perhaps next month, lifted the dollar against many major currencies, pushing it up to a one-month high against the Japanese yen. Japan's Nikkei 225 bucked the trend, however, its 1 percent rally driven by the yen's fall to a one-month low. U.S. futures pointed to a slight decline at the open on Wall Street and Europe's main bourses hovered close to flat in early trading.
  
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• U.S. 10-year yield on for biggest monthly rise in over a year

  31-08-2016 11:17 via news.yahoo.com
  
  The growing prospects of a rate hike, perhaps next month, lifted the dollar against many major currencies, pushing it up to a one-month high against the Japanese yen. Japan's Nikkei 225 bucked the trend, however, its 1 percent rally driven by the yen's fall to a one-month low. U.S. futures pointed to a slight decline at the open on Wall Street and Europe's main bourses hovered close to flat in early trading.
  
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• DAX: Slowly Turning Higher, Line in the Sand Drawn

  31-08-2016 10:35
  The DAX is slowly finding bids with clear support in place, sluggish summer trading may be the biggest immediate risk.
  
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• U.S ten-year yield on for biggest monthly rise in over a year

  31-08-2016 10:30 via news.yahoo.com
  
  The growing prospects of a rate hike, perhaps next month, lifted the dollar against many major currencies, pushing it up to a one-month high against the Japanese yen. Japan's Nikkei 225 bucked the trend, however, its 1 percent rally driven by the yen's fall to a one-month low. U.S. futures pointed to a slight decline at the open on Wall Street and Europe's main bourses hovered close to flat in early trading.
  
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• EUR/USD Unfazed by German Jobs Report, Euro-Zone CPI Data Ahead

  31-08-2016 10:25
  The Euro was little changed versus other majors after today’s German Employment data printed better than expected figures
  
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• USD/CAD to Extend Bullish Pattern on Dismal Canada GDP Report

  31-08-2016 10:00
  A sharp contraction in Canada 2Q GDP may fuel the near-term advance in USD/CAD as it puts pressure on the BoC to further support the real economy.
  
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• NZD/USD Technical Analysis: Six-Week Trend Line Broken

  31-08-2016 09:08
  The New Zealand Dollar broke rising trend support set from late July, hinting a downward trend reversal against its US counterpart may be in progress.
  
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• US Dollar Looks to Fed Comments, ADP Data to Inform Policy Bets

  31-08-2016 08:46
  The US Dollar remains focused on comments from Fed officials to guide rate hike speculation. Augusts’ ADP labor-market data is also due to cross the wires.
  
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• ASX 200 Technical Analysis: Index Trading At a Crucial Support Area

  31-08-2016 07:23
  The ASX 200 is trading around May highs after losing ground, and a hold at current levels seems key going forward
  
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• Nikkei 225 Technical Analysis: Index Approaching Key Resistance

  31-08-2016 06:55
  The Nikkei 225 is trading higher for the fourth consecutive day as price approaches the 17,000 resistance area which proved key in the past
  
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• Asian shares ease ahead of U.S. jobs data, oil slips

  31-08-2016 06:07 via news.yahoo.com
  
  SINGAPORE/TOKYO (Reuters) - Asian shares eased on Wednesday following modest losses on Wall Street, with investors awaiting U.S. jobs numbers for further signs the Federal Reserve may raise rates as soon as September. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent as traders looked to August U.S. non-farm payrolls due on Friday after a run of strong economic data and hawkish comments from Fed officials. Japan's Nikkei stock index added 0.8 percent, poised to rise
  
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• Gold Prices Hit Two-Month Low as US Dollar Gains on Fed Outlook

  31-08-2016 05:28
  Gold prices sank to a two-month low as the US Dollar surged following hawkish comments from Federal Reserve Vice Chair Stanley Fischer.
  
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• Theranos withdraws new Zika test after FDA inspection: WSJ

  31-08-2016 04:14 via news.yahoo.com
  
  (Reuters) - Blood-testing firm Theranos Inc withdrew its request for emergency clearance of a Zika-virus blood test after U.S. regulators found the company did not include proper patient safeguards in a study on the test, The Wall Street Journal reported, citing people familiar with the matter. Theranos was not immediately available for comment. The diagnostic test for Zika can detect additional strains of the mosquito-borne virus from blood drops finger-pricked from patients, Theranos CEO Eliza
  
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• Asian shares ease, taking cue from Wall Street, oil slips

  31-08-2016 02:49 via news.yahoo.com
  
  Asian shares eased on Wednesday following modest losses on Wall Street, but were still on track for a monthly rise as investors waited to see if upcoming job data could prod the Federal Reserve into raising interest rates as soon as September. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent as traders awaited Friday's job report, but looked set for a near 2 percent gain in August. Japan's Nikkei stock index added 0.9 percent, poised to rise 1.8 percent for the mon
  
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• GBP/USD Unchanged As Consumer Sentiment Survey Offsets Business Slip

  31-08-2016 02:40
  The British Pound was little changed against its US counterpart after a less gloomy post-referendum consumer confidence survey offset a slide in a business sentiment report.
  
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