Analyst news

• Wall Street surges on lower rate-hike fears, Apple ascends

  15-09-2016 22:45 via news.yahoo.com
  
  Wall Street rallied 1 percent on Thursday, buoyed by Apple's best four-day run since 2014, higher oil prices and ho-hum economic data that further dimmed expectations for an interest rate hike next week. Apple rose as much as 3.4 percent, giving the three major indexes their biggest boost, on news the first quantities of its iPhone 7 Plus were sold out globally. Data showed retail sales and industrial activity fell more than expected in August.
  
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• Crude rises on Wall Street rally, gasoline spike amid pipeline outage

  15-09-2016 21:33 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices rose about 1 percent or more on Thursday after tracking a rally in gasoline futures sparked by a delayed restart of the main gasoline line at Colonial Pipeline, the No. 1 carrier for the motor fuel in the United States. A run up in Wall Street shares also boosted oil prices as weak U.S. economic data dampened the likelihood of a Federal Reserve rate hike this month. U.S. West Texas Intermediate (WTI) crude futures rose 33 cents, or 0.8 percent,
  
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• Crude rises on Wall St rally, gasoline spike amid pipeline outage

  15-09-2016 21:09 via news.yahoo.com
  
  Oil prices rose about 1 percent or more on Thursday after tracking a rally in gasoline futures sparked by a delayed restart of the main gasoline line at Colonial Pipeline, the No. 1 carrier for the motor fuel in the United States. A run up in Wall Street shares also boosted oil prices as weak U.S. economic data dampened the likelihood of a Federal Reserve rate hike this month. Brent crude futures settled up 74 cents, or 1.6 percent, at $46.59 a barrel, after a session high at $47.
  
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• Wall Street rallies on lower rate-hike bets, Apple ascends

  15-09-2016 20:37 via news.yahoo.com
  
  Wall Street rallied on Thursday, buoyed by Apple's best four-day run since 2014, higher oil prices and lacklustre economic data that further dimmed expectations for an interest rate hike next week. Apple rose as much as 3.3 percent, giving the three major indexes their biggest boost, on news the first quantities of its iPhone 7 Plus were sold out globally. Data showed retail sales and industrial activity fell more than expected in August.
  
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• CAC 40 Bounces From Weekly Lows

  15-09-2016 20:30
  The CAC 40 has rebounded after printing a new weekly low at 4,339.30.
  
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• USDCAD Rally at Risk into US CPI- 1.3080 Offers First Line of Defense

  15-09-2016 20:17
  Loonie is on the offensive ahead of key US data tomorrow. Here are the updated targets & invalidation levels that matter heading into the release.
  
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• Expedia picks banks for Trivago float: sources

  15-09-2016 19:45 via news.yahoo.com
  
  Online travel firm Expedia has picked advisors for the planned stock market listing of its Trivago travel search site, sources familiar with the matter said. Expedia has tasked JP Morgan, Goldman Sachs and Morgan Stanley as global coordinators for the initial public offering (IPO) on the U.S.-based Nasdaq, which will likely take place this year or early 2017, the sources said. Citi, Bank of America and Deutsche Bank are acting as bookrunners, the sources said.
  
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• NZD/USD Opening Monthly Range Remains Intact Ahead of RBNZ Meeting

  15-09-2016 19:35
  NZD/USD may stage a larger recovery ahead of the RBNZ meeting as the pair appears to have made a failed run at the monthly low (0.7226).
  
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• Crude Oil Price Forecast: September Low Halts Decline

  15-09-2016 19:35
  WTI Crude Oil (CFD: US Oil) Has Been Dropping As Dollar Continues To Test Resistance. At The Same Time Supply Could Be Building.
  
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• European shares snap losing streak after choppy day; Morrisons top gainer

  15-09-2016 19:28 via news.yahoo.com
  
  MILAN/LONDON, Sept 15 (Reuters) - European shares rose on Thursday at the end of a choppy session that saw a key index hit a six-week low, with UK supermarket Morrisons leading gainers following a strong earnings update. The index slipped as much as 0.1 percent earlier in the session to its lowest point since Aug. 4, but later recovered as Wall Street rose on the back of lacklustre economic data which further slimmed chances of an immediate rate hike. Futures prices reduced the chances of a Fede
  
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• Apple stock heads for best four days since 2014; short sellers flee

  15-09-2016 19:10 via news.yahoo.com
  
  Apple extended its Wall Street rally on Thursday, with enthusiasm over demand for its newest iPhone putting the stock on track for its strongest four-day streak in over two years and clobbering short sellers who bet against it. The newest fuel was Apple's announcement late on Wednesday that initial quantities of the iPhone 7 Plus have sold out globally. If the stock stays at that level through the end of the session, it will be its strongest four-day percentage increase since April 2014, when Ap
  
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• Wall Street marches higher with Apple, lower rate-hike odds

  15-09-2016 19:07 via news.yahoo.com
  
  Wall Street rallied on Thursday, buoyed by Apple's best four-day run since 2014, higher oil prices and lackluster data that further dimmed the odds of an interest rate hike next week. Apple rose as much as 3.3 percent, giving the three major indexes their biggest boost after saying that the first stock of its iPhone 7 Plus was sold out globally. Data showed retail sales and industrial activity fell more than expected in August.
  
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• GBP/USD Declines on BOE Rate Decision

  15-09-2016 18:00
  The GBP/USD has moved to support near 1.3198 as the BOE keeps rates flat at 0.25%.
  
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• Wall Street gains on Apple, dimmer chances of rate hike

  15-09-2016 17:43 via news.yahoo.com
  
  Wall Street rallied on Thursday, boosted by Apple and lackluster economic data that further dimmed the prospects of an interest rate hike in the near term. Retail sales and industrial activity fell more than expected in August. "The Fed continues to be in a real pickle.
  
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• Former Bankrate executives must face SEC fraud lawsuit

  15-09-2016 17:38 via news.yahoo.com
  
  Two former Bankrate Inc executives failed to persuade a federal judge to dismiss U.S. Securities and Exchange Commission claims that they fraudulently manipulated the consumer financial information provider's results to meet Wall Street forecasts. U.S. District Judge Gregory Woods in Manhattan on Thursday said the SEC may pursue all its claims against former Chief Financial Officer Edward DiMaria, and all but one claim against former Director of Accounting Matthew Gamsey. The SEC accused New Yor
  
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• US stocks move higher as Apple pulls tech companies up again

  15-09-2016 16:29 via news.yahoo.com
  
  NEW YORK (AP) — U.S. stocks are higher in early trading on Wall Street Thursday. Apple is leading technology stocks higher again. Energy companies are edging higher along with the price of crude oil. Retailers are slipping after the government said shoppers cut back on spending in August, while phone companies are taking losses as bond yields rise.
  
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• S&P and Dow flat on lackluster data, Apple boosts Nasdaq

  15-09-2016 16:00 via news.yahoo.com
  
  Investors got a blast of economic data, including a bigger-than-expected drop in retail sales and industrial output for August, which pointed at some weakness in the U.S. economy. It's just right to keep the Fed on the sidelines and keep interest rates right where they are," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. Investors have been fretting over the possibility of a rate hike when the data-dependent Federal Reserve holds its policy-setting meeting next week
  
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• Biffa plans to raise £270m in signs that London flotation market is moving after Brexit

  15-09-2016 15:17 via news.yahoo.com
  
  Waste management firm Biffa confirmed plans to return to the stock market in the City's biggest flotation since the Brexit vote. Biffa – founded more than 100 years ago – is the second largest waste management group in the UK, serving 2.4 million households and employing more than 7,000 staff. The move comes amid signs that the stagnation that hit the London listing market around the Brexit vote may be freeing up.
  
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• US Dollar Drops as Retail Sales Spell Doubt For Q3 GDP Expectations

  15-09-2016 15:04
  Retail Sales disappointed for the second month in a row in Q3’16, creating doubt on expectations of strong consumer spending for this quarter.
  
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• Global stocks struggle for footing after bond slip

  15-09-2016 14:18 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - World stocks steadied at two-month lows on Thursday although bond markets stayed in the red as two of Europe's top central banks keep their interest rates pointing firmly downwards - a full eight years on from the collapse of Lehman Brothers. Europe's main stock markets in London, Frankfurt and Paris spent most of the day struggling to stay in positive territory as the region attempted to pull out of a five-day losing streak. Wall Street, which was marking the Le
  
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• BOE Hints at Rate Cut Potential; USD Finally Sees Important Data

  15-09-2016 14:05
  GBP/JPY and GBP/USD breakdowns seem more probable now that the BOE has reminded everyone where it stands on monetary policy.
  
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• GBP/USD Volatile as BOE Opts for Status Quo, Could Cut in November

  15-09-2016 13:26
  The British Pound was volatile versus other majors after the BOE kept policy unchanged, reiterated cautions outlook, but now expects less slowing
  
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• Silver: Price Action Contraction Points to Explosive Move, Again

  15-09-2016 12:24
  Short-term triangle points to explosive move coming...
  
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• GBP/USD Short Term View Ahead of BOE, US Retail Sales

  15-09-2016 11:34
  The GBP/USD is trading around 1.32 ahead of the BOE Rate Decision and with the US Retail Sales we could be facing a volatile day
  
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• DAX: More Losses Likely Ahead

  15-09-2016 11:14
  Market looks vulernable to further losses without buyers stepping up soon.
  
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• Asian markets drift higher despite Wall Street's decline

  15-09-2016 09:53 via news.yahoo.com
  
  BEIJING (AP) — Asian stock markets were mostly higher Thursday following Wall Street's decline. Trading was light, with exchanges in China and Korea closed for holidays.
  
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• Danish watchdog asks audit office to investigate DONG Energy IPO

  15-09-2016 09:23 via news.yahoo.com
  
  A Danish political watchdog on Wednesday asked the national audit office to investigate the role of key parties involved in the share market flotation of offshore wind farm developer DONG Energy . DONG Energy's initial public offer (IPO) in June raised a gross 17 billion crowns (1.9 billion pounds) for the Danish state and a consortium of investors led by Goldman Sachs . The sale meant the Wall Street bank doubled an 8 billion- crown investment made just two and a half years earlier, fuelling cr
  
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• GBP/USD at Risk for Relief Rally on Wait-and-See BoE

  15-09-2016 09:00
  GBP/USD may stage a larger recovery over the near-term should the BoE talk down speculation for an imminent rate-cut.
  
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• Gold, Crude Oil Prices Look to US Retail Sales to Shape Fed Bets

  15-09-2016 08:50
  Gold and crude oil prices are looking to US retail sales data to shape Fed rate hike speculation after a two-day lull in formative news flow.
  
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• Nikkei 225 Technical Analysis: Index Loses 16,500 Support

  15-09-2016 07:14
  The Nikkei 225 lost the key support at 16,500 implying a break to the short term bullish structure
  
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• Currencies May Move More on US Retail Sales Data vs. BOE, SNB

  15-09-2016 06:50
  Currency markets are likely to find a stronger directional lead in US Retail Sales data versus monetary policy announcements from the BOE and the SNB.
  
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• Asian stocks mixed amid light trading

  15-09-2016 06:40 via news.yahoo.com
  
  Most Asian markets were in negative territory on 15 September following a subdued overnight session on Wall Street. The region's biggest stock market, the Nikkei 225, was down by 1.2% at 16,414.73 points in early trading. This was despite a Reuters poll, which tracks the Bank of Japan's quarterly Tankan survey, revealing that business confidence among Japanese manufacturers rose for the first time in three months in August.
  
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• Asian markets lower after Wall Street decline

  15-09-2016 05:37 via news.yahoo.com
  
  BEIJING (AP) — Asian stock markets were mostly lower Thursday following Wall Street's decline in light trading with exchanges in China and Korea closed for holidays.
  
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• Australian Dollar Declines After Disappointing Jobs Report

  15-09-2016 05:07
  The Australian Dollar traded slightly lower against its US counterpart after disappointing labor-market data crossed the wires, showing the economy lost jobs in August.
  
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• Australian Dollar Declines After Disapointing Jobs Report

  15-09-2016 05:07
  The Australian Dollar traded slightly lower against its US counterpart after disappointing labor-market data crossed the wires, showing the economy lost jobs in August.
  
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• New Zealand Dollar Drops After Disappointing 2Q GDP Data

  15-09-2016 04:02
  The New Zealand Dollar declined after second quarter GDP data disappointed relative analysts’ expectations, possibly fueling RBNZ rate cut speculation.
  
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