Analyst news

• Wall Street ends flat as investors assess U.S. rates outlook

  07-09-2016 23:05 via news.yahoo.com
  
  (Reuters) - U.S. stocks ended little changed on Wednesday, though the Nasdaq eked out another record high close, as investors assessed the outlook for U.S. interest rates.
  
  Read more

• US stock indexes mixed; Nasdaq ekes out another record high

  07-09-2016 23:05 via news.yahoo.com
  
  Even on a day when the major U.S. stock indexes barely budged, the market notched another milestone. The Nasdaq composite eked out a gain, pushing the tech-heavy index to its second record-high close in ...
  
  Read more

• USD/CHF Technical Analysis: Slammed Down to Support

  07-09-2016 21:24
  The U.S. Dollar has been on a rollercoaster and the Swissy has been along for the ride. But the pair continues to work within the confines of established Fibonacci levels, and this can provide ammunition for strategy moving forward.
  
  Read more

• Apple unveils iPhone 7, Nintendo shares jump on new phone games

  07-09-2016 21:11 via news.yahoo.com
  
  Apple Inc unveiled its new water and dust-resistant iPhone 7 with high-resolution cameras at its fall product event on Wednesday, and said a Super Mario game was coming to the new phone and Pokemon Go would feature on its upgraded Apple Watch. The excitement at the Bill Graham auditorium in San Francisco was not matched on Wall Street as Apple's stock was down 0.4 percent. The world's best-known technology company said the iPhone 7, starting at $649, would have one, zooming 12-megapixel camera.
  
  Read more

• Advertisement

• Apple unveils iPhone 7, Pokemon Go coming to Apple Watch

  07-09-2016 20:40 via rocketnews.com
  
  By Julia Love and Alexandria Sage
  SAN FRANCISCO (Reuters) – Apple Inc unveiled its new water and dust-resistant iPhone 7 with high-resolution cameras at its fall product event on Wednesday, and said a Super Mario game was coming to the new phone and Pokemon Go would feature on its upgraded Apple Watch.
  The excitement at the Bill Graham auditorium in San Francisco was not matched on Wall Street, where Apple’s stock was down 0.3 percent. However, Nintendo Co Ltd’s <7974.T>
  
  Read more

• Gold Prices Pose a Bullish Run, but Set a Lower-High

  07-09-2016 20:38
  Gold prices caught a major bid after Non-Farm Payrolls and then again on the release of ISM. But is the Fed ready to relent from rate hike plans just yet?
  
  Read more

• China’s Market News: Yuan Rises, Foreign Reserves Fall

  07-09-2016 20:30
  While the offshore Yuan hit new weekly highs, China’s foreign reserves dropped to the lowest level in nearly five years.
  
  Read more

• GBP/USD Technical Analysis: Bullish but Nearing Resistance Barrier

  07-09-2016 19:50
  GBP/USD is continuing to threaten a top-side bullish run, but before that can happen a barrier of resistance needs to give way.
  
  Read more

• Advertisement

• Micro Focus Bucks M&A Trend With £7bn Hewlett Packard Megadeal

  07-09-2016 19:33 via news.yahoo.com
  
  One of Britain's biggest independent technology companies is to unveil a multi-billion pound deal to buy a chunk of Hewlett Packard (NYSE: HPQ - news) ’s software business in a move that will mark a rare exception to the usual flow of transatlantic takeovers. Sky News has learnt that Micro Focus, which has a market value of about £4.45bn, will announce what insiders called a "transformational deal" before the stock market opens for trading on Thursday. Sources said the target of the
  
  Read more

• Wall Street falls as Fed officials hint at September rate hike

  07-09-2016 19:20 via news.yahoo.com
  
  Wall Street edged lower on Wednesday after two Federal Reserve officials hinted at an interest rate hike as soon as this month. Kansas City Fed President and voting member Esther George said the U.S. labor market could already be at full strength, one of the key conditions set by the Fed for considering an interest rate hike. Richmond Fed President Jeffrey Lacker said the case for a rate hike in September was strong.
  
  Read more

• RPT-UPDATE 3-Sports Direct's Ashley defies critics at stormy meeting

  07-09-2016 19:20
  
  * Shares down 9 percent(Repeats to add link to BREAKINGVIEWS story. No change to text)
  
  Read more

• AUD/JPY Trading In Line With The Slope

  07-09-2016 19:15
  Strong previous week for AUD/JPY to the upside. AUD/JPY retracing from yesterday’s session drop. Key resistance might send AUD/JPY to lower levels.
  
  Read more

• EUR/USD ECB Setup- Outlook Remains Constructive Above 1.1140

  07-09-2016 19:01
  EURUSD is eyeing near-term resistance heading into the ECB tomorrow. Here are the updated targets & invalidation levels that matter heading into the release.
  
  Read more

• Crude Oil Price Forecast: Next Breakout Likely Depends on Algiers

  07-09-2016 19:00
  WTI Crude Oil (CFD: US Oil) Has Steadied This Week Thanks In Large Part To A Weaker US Dollar And A Possible Russia-Saudi Pact That May Influence At Algiers.
  
  Read more

• EUR/JPY Technical Analysis: Support at Old Resistance Ahead of ECB

  07-09-2016 18:58
  EUR/JPY stayed in a relatively consistent range throughout much of August, and after giving way to a top-side break, we can now see old resistance showing up as fresh support.
  
  Read more

• Britain's FTSE rises as Ashtead and commodity stocks climb

  07-09-2016 18:35
  
  LONDON, Sept 7 (Reuters) - Britain's top stock index rose on
  Wednesday, supported by stronger precious metals and oil company
  shares as well as by gains at equipment rentals company Ashtead
  .
  
  Read more

• Stock options suggest calm ahead of Apple launch

  07-09-2016 18:29
  
  NEW YORK, Sept 7 (Reuters) - Options activity surrounding
  Apple shares on Wednesday could best be described with an iPhone
  ringtone: crickets.
  
  Read more

• GBP/JPY Technical Analysis: Testing Channel, Fibonacci Support

  07-09-2016 18:27
  After staging a 975-pip bull-run, GBP/JPY has retraced 300+ to move down to a confluent zone of Fibonacci and trend-channel support.
  
  Read more

• USD/CAD Technical Analysis: CAD Drops As BoC Highlights Risks

  07-09-2016 18:20
  USD/CAD Has Moved Into Resistance, But The Overall Defensive Nature of USD This Week Makes Long Positions Risky.
  
  Read more

• USD/CAD Eyes Top of Near-Term Range Following Dovish BoC

  07-09-2016 18:20
  USD/CAD may move back towards the top of its recent range as the Bank of Canada (BoC) adopts a dovish outlook for monetary policy.
  
  Read more

• UPDATE 2-A resilient Apache Corp strikes oil in overlooked Texas field

  07-09-2016 17:56
  
  HOUSTON, Sept 7 (Reuters) - Apache Corp announced a
  major oil discovery in Texas on Wednesday, the latest sign the
  strongest shale companies are not only surviving the steepest
  price crash in a...
  
  Read more

• UPDATE 3-Retrophin kidney drug exceeds expectations in trial, shares jump

  07-09-2016 17:39
  
  * Retrophin shares rise as much as 44 pct(Adds details from conference call, analyst comment; updates
  shares)
  
  Read more

• S&P, Dow slightly lower as key Fed report awaited

  07-09-2016 17:31 via news.yahoo.com
  
  The stock was the top percentage gainer on the Nasdaq. The Federal Reserve is scheduled to release its Beige Book - a summary of commentary on economic conditions - at 2:00 p.m. ET (1800 GMT). "We've had very quiet market activity for a couple of months ... And a lot of uncertainty on policy," said Tim Courtney, chief investment officer at Exencial Wealth Advisors.
  
  Read more

• Sprouts Farmers Market sales warning sends grocers tumbling

  07-09-2016 17:15
  
  Sept 7 (Reuters) - Shares of Sprouts Farmers Market Inc
  plunged as much as 16.7 percent after the natural and
  organic foods retailer warned on quarterly sales, sending other
  U.S. grocers' stocks...
  
  Read more

• Saudi to set lower listing requirements for second stock market

  07-09-2016 16:50 via news.yahoo.com
  
  By Celine Aswad DUBAI, Sept 7 (Reuters) - Saudi Arabia will set relatively low listing requirements for its second stock market in order to draw smaller companies to the bourse, which it aims to launch at the end of February next year, regulators have told securities firms. Much of the Saudi economy is dominated by family-owned conglomerates, such as the Olayan group, the Juffali group and the Al Muhaidib group, which have operated in the kingdom for decades but have generally chosen not to list
  
  Read more

• USD/CAD Jumps as BOC Signals Dovish Shift amid Weaker Growth

  07-09-2016 16:47
  The Bank of Canada subtly opened the door for more easing today, knocking the Canadian Dollar.
  
  Read more

• Gains in tech stocks help Nasdaq touch record high

  07-09-2016 16:37 via news.yahoo.com
  
  The Nasdaq touched a record intraday high on Wednesday, helped by gains in technology shares, while the S&P 500 index and the Dow were little changed. The technology index rose 0.2 percent and hovered near its highest level since 2000, after Facebook hit a record high on a Morgan Stanley upgrade. Western Digital jumped 9 percent and was among the top percentage gainers on the S&P and the Nasdaq after the company raised its profit forecast for the first quarter.
  
  Read more

• GBP/USD Volatility Rises as BOE Policymakers Speak on UK Post-Brexit Vote

  07-09-2016 16:17
  BOE Governor Mark Carney took the podium to clarify recent developments in the UK economy post-Brexit vote.
  
  Read more

• Dow Jones Industrial Average Isn’t Motivated

  07-09-2016 15:43
  Friday's strength in DJIA has failed to follow through higher. A correction of time and/or price may continue with sideways and potentially lower trade over the next few days.
  
  Read more

• India's "flash boys" fret over proposed automated trading curbs

  07-09-2016 15:25
  
  MUMBAI, Sept 7 (Reuters) - India's "flash boys", or
  high-frequency traders, are pushing back against the domestic
  markets regulator and in some cases putting investments in new
  strategies on hold,...
  
  Read more

• Wall Street to open flat as investors seek clues on rates

  07-09-2016 15:11 via news.yahoo.com
  
  Wall Street was set to open little changed on Wednesday as investors sought more clues on the timing of the next interest rate hike. A number of U.S. Federal Reserve officials have recently hinted at a potential interest rate hike in the near term. The Fed is scheduled to release its Beige Book - a summary of commentary on economic conditions - later in the day that will be parsed by investors for rate-hike clues.
  
  Read more

• Apache Corp to develop new Texas oilfield, raises capex

  07-09-2016 15:01
  
  Sept 7 (Reuters) - Oil and gas producer Apache Corpraised its capital budget for the year and said it would spend
  more than a fourth of the amount on a newly discovered oilfield
  in Texas.
  
  Read more

• US Dollar Dogged by Sinking Fed Hike Expectations

  07-09-2016 14:30
  Fading Fed rate hike expectations are hurting the greenback.
  
  Read more

• Silver Prices Stall at Resistance

  07-09-2016 13:37
  After rallying for 5 consecutive sessions, Silver prices have reached resistance near $20.00.
  
  Read more

• FTSE 100 Technical Outlook: Looking for Turn Off Slope Support

  07-09-2016 12:57
  The UK index has retreated into support, likely spot to see buyers show up.
  
  Read more

• USD/CAD Short Term Levels Ahead of BOC Rate Decision

  07-09-2016 12:33
  The USD/CAD plunge is seeing a slight halt above 1.28 and we look ahead for the BOC rate decision as the main event risk on the docket
  
  Read more

• USD/CAD to Extend Losses on Wait-and-See Bank of Canada (BoC)

  07-09-2016 12:00
  USD/CAD stands at risk of extended the decline from the previous week should the Bank of Canada (BoC) endorse a wait-and-see approach for monetary policy.
  
  Read more

• Pound May Rise as BOE Officials Downplay Need for More Easing

  07-09-2016 11:45
  The British Pound may rise if BOE officials including Governor Carney downplay the need for further near-term easing in testimony before a parliamentary committee.
  
  Read more

• Britain's FTSE rises as Ashtead, oil majors gain

  07-09-2016 11:40
  
  LONDON, Sept 7 (Reuters) - UK shares rose on Wednesday,
  supported by a rise in precious metals miners and oil stocks as
  well as a surge in equipment rentals firm Ashtead.
  
  Read more

• GBP/USD Trades Lower Following UK Manufacturing Production Numbers

  07-09-2016 11:18
  The British Pound traded lower versus other major currencies after July’s manufacturing production data missed expectations
  
  Read more

• UK's CMC Markets warns on H1 income, blames low volatility

  07-09-2016 10:55
  
  Sept 7 (Reuters) - British financial spreadbetting firm CMC
  Markets Plc warned net operating income for the
  first-half ended September would be lower than a year earlier as
  low levels of volatility...
  
  Read more

• DAX: Holding Steady at Support on Eve of ECB

  07-09-2016 10:25
  Market holds on short-term support ahead of tomorrow's ECB meeting...
  
  Read more

• Asian markets trade mixed as chances of September US rate increase recede

  07-09-2016 09:17 via news.yahoo.com
  
  Asian stock market indices were trading mixed on Wednesday (7 September), with the Shanghai Composite up 0.35% at 3,101.53 as of 6.07am GMT, following lower-than-expected US services data which reduced the chances of any immediate increase in US interest rates.
  
  Read more

• Steinhoff reports 3 pct drop in earnings per share

  07-09-2016 09:10 via news.yahoo.com
  
  South Africa-based retail group Steinhoff reported a 3 percent decline in its earnings per share on Wednesday, weighed down by an increased number of shares and the weaker rand currency. Steinhoff, which has been seeking to expand abroad with a series of acquisitions, the latest being the offers to buy U.S. bedding retailer Mattress Firm and Britain's Poundland, said diluted adjusted EPS came in at 29.5 euro cents in the year ended June, down from 30.3 cents the previous year. Adjusted EPS strip
  
  Read more

• Sensex takes a breather; HDFC falls on profit-booking

  07-09-2016 08:53 via news.yahoo.com
  
  (Reuters) - Indian shares were largely flat on Wednesday, hovering near their highest level in 18 months, as investors booked profit in recent outperformers such as Housing Development Finance Corp Ltd. Overall sentiment remained buoyant after surprisingly weak U.S. services sector activity bolstered views the U.S. Federal Reserve will refrain from raising interest rates at its policy meeting this month. Reflecting the optimism, Asian stocks rose to one-year highs on Wednesday, while Wall Street
  
  Read more

• Exclusive: 'Flash Boys' protagonists aiming new exchange at gold

  07-09-2016 08:49 via news.yahoo.com
  
  By John McCrank NEW YORK (Reuters) - IEX Group, which rose to prominence with its bid to shake up stock trading in the United States, now aims to do the same in the more than $5 trillion-a-year gold market with a new exchange being created by its spinoff TradeWind Markets, a board member of the new venture said on Tuesday. The protagonists of Michael Lewis's book, "Flash Boys: A Wall Street Revolt," are planning a gold exchange that would use elements of blockchain technology to improve transpar
  
  Read more

• Crude Oil, Gold Prices Look to Fed Rate Hike Bets for Direction

  07-09-2016 08:33
  Crude oil and gold prices are looking to the Federal Reserve’s Beige Book survey for direction as bets on rate hike timing remain in focus for financial markets.
  
  Read more

• USD/CNH Technical Analysis: Below Support Following ISM

  07-09-2016 06:51
  The USD/CNH failed to hold above support after US Services ISM, which might now shift focus to 6.6500
  
  Read more

• EUR/USD Technical Analysis: Will Euro Bounce See Follow-Through?

  07-09-2016 06:04
  The Euro moved higher against the US Dollar as expected following the appearance of a bullish Morning Star candlestick pattern.
  
  Read more

• AUD/USD Technical Analysis: Aussie Sets Sights on August Top

  07-09-2016 05:41
  The Australian Dollar launched higher against its US namesake as expectedafter prices put in a bullish Morning Star candlestick pattern.
  
  Read more

Follow @news_analyst on Twitter!