Analyst news

• Wall Street ends flat as banks gain, Apple drags

  19-09-2016 22:32 via news.yahoo.com
  
  A see-saw session on Wall Street on Monday ended little changed, with gains in big bank stocks offsetting a drag from Apple, as investors braced for the Federal Reserve meeting later this week. The Fed is expected to leave interest rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's speech on Wednesday to see if the central bank plans to hike as soon as December. It’s been driven by the threat of higher interest rates," said Jake Dollarhide, chief executi
  
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• UPDATE 3-Bowing to pressure, U.S. FDA approves Sarepta's Duchenne drug

  19-09-2016 22:24
  
  Sept 19 (Reuters) - Bowing to pressure from patient
  advocates, the U.S. Food and Drug Administration on Monday
  approved a treatment for Duchenne muscular dystrophy even though
  an outside panel of...
  
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• Oil up but off highs on output freeze talk, gasoline tumbles

  19-09-2016 22:19 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil rallied on Monday before settling off its highs on scepticism over Venezuela's bid to talk up a potential OPEC output freeze and on indications U.S. crude stockpiles had risen last week. Clashes in Libya that foiled a restart of crude exports from key ports, along with higher equity prices on Wall Street and a weaker dollar, helped oil end higher. Brent crude futures settled up 18 cents, or 0.4 percent, at $45.95 a barrel.
  
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• UPDATE 1-John McAfee's MGT receives SEC subpoena, shares slump

  19-09-2016 21:45
  
  Sept 19 (Reuters) - Shares in a firm led by anti-virus
  software pioneer John McAfee fell 24 percent on Monday after it
  disclosed that it had received a subpoena from the U.S.
  Securities and Exchange...
  
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• Wall Street lifted by banks as Fed meeting nears

  19-09-2016 21:03 via news.yahoo.com
  
  Wall Street edged higher on Monday, with gains in big bank stocks offsetting a drag from Apple shares, as investors braced for the outcome of the Federal Reserve meeting later this week. The Fed is expected to leave interest rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's speech on Wednesday to see if the central bank plans to hike as soon as December. After trading higher during the morning, the benchmark S&P 500 pulled back and slid briefly into negat
  
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• Oil rebounds on producer deal speculation; gasoline falls

  19-09-2016 20:11 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices rose 1 percent on Monday after Venezuela hinted that OPEC members and other major oil producers could agree to a deal to freeze output, and as clashes in Libya disrupted attempts to restart crude exports from key ports. Oil was also supported by higher equity prices on Wall Street and a weaker dollar that made greenback-denominated commodities, such as crude, more affordable to holders of the euro and other currencies. Brent crude futures were u
  
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• S&P, Dow lifted by financials; Fed in focus

  19-09-2016 19:27 via news.yahoo.com
  
  The S&P 500 and the Dow rose on Monday afternoon, lifted by financial stocks, a day before the Federal Reserve holds a meeting to discuss interest rates. The Fed is expected to leave rates unchanged at the two-day meeting, but investors will assess Chair Janet Yellen's speech on Wednesday for clues on the timing of the next rate hike. "There is an overriding sense that the Fed is going to move in December," said Robert Pavlik, chief market strategist at Boston Private Wealth.
  
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• Will Our Rotten Politicians Kill This Bull Market?

  19-09-2016 19:03 via news.yahoo.com
  
  The breathless coverage of Hillary Clinton's non-contagious pneumonia and Donald Trump's birther disavowal shows just how politically divided our nation is. As the presidential polls tighten up, and with both Trump and Clinton posting poor favorability and trustworthiness ratings, it's clear that partisan bickering isn't going anywhere. The problem is, as a new Harvard study found, our paralyzed, divided political system is the biggest peril to our economy — and that could hurt the stock m
  
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• Oil up 2 pct on producer deal speculation; gasoline dips

  19-09-2016 18:14 via news.yahoo.com
  
  Oil prices rose about 2 percent on Monday after Venezuela hinted that OPEC and other major oil producers could agree to a market support deal and as clashes in Libya disrupted attempts to boost crude exports. Oil was also supported by higher equity prices on Wall Street and a weaker dollar that made greenback-denominated commodities, such as crude, more affordable to holders of the euro and other currencies. Last week, Brent hit a two-week low and WTI fell to a five-week low on concerns about ov
  
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• Commodity stocks help Britain's FTSE outperform Europe

  19-09-2016 18:02
  
  * Mid cap Mitie posts record fall on profit warning(ADVISORY- Follow European and UK stock markets in real time on
  the Reuters Live Markets blog on Eikon, see...
  
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• BRIEF-Monte dei Paschi ends session down 1 pct, UniCredit up 4.3 pct

  19-09-2016 17:49
  
  Sept 19 (Reuters) - Some Italian banks reverse earlier
  gains, end session lower:
  
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• REFILE-UPDATE 2-UK's Mitie warns on profits as Brexit vote stalls outsourcing decisions

  19-09-2016 17:39
  
  (Refiled to remove adverb 'however' in fourth paragraph)By Esha VaishSept 19 (Reuters) - Shares in Mitie fell by 28
  percent on Monday after the British business and public...
  
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• Wall Street rises on gains in financial, energy stocks

  19-09-2016 17:37 via news.yahoo.com
  
  Wall Street was higher on Monday, lifted by financial and energy stocks, a day before the Federal Reserve meets to discuss interest rates. The central bank is expected to leave rates unchanged at the two-day meeting, but investors will assess Fed Chair Janet Yellen's speech on Wednesday for clues on the timing of the next rate hike. "The weakness seen last week (in financials) is attracting attention today," said Robert Pavlik, chief market strategist at Boston Private Wealth.
  
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• Oil up 2 percent on producer deal speculation; gasoline dips

  19-09-2016 17:36 via news.yahoo.com
  
  By Barani Krishnan NEW YORK (Reuters) - Oil prices rose by 2 percent on Monday after Venezuela hinted that OPEC and other major oil producers could agree to a market support deal and as clashes in Libya disrupted attempts to boost crude exports. U.S. gasoline futures fell slightly on profit-taking from last week's rally on the outage of a key gasoline pipeline due to a leak. Oil was also supported by higher equity prices on Wall Street and a weaker dollar that made greenback-denominated commodit
  
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• Sarepta's keenly watched muscle dystrophy drug wins FDA approval

  19-09-2016 16:09
  
  Sept 19 (Reuters) - Sarepta Therapeutics Inc'sDuchenne muscular dystrophy drug won approval from the U.S. Food
  and Drug Administration on Monday, capping months of regulatory
  uncertainty and...
  
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• Wall Street rises as oil prices recover

  19-09-2016 15:59 via news.yahoo.com
  
  U.S. stocks were higher on Monday as oil prices bounced back from multi-week lows and investors expected the Federal Reserve to leave interest rates unchanged at its meeting this week. Oil prices rose about 1 percent after Venezuela said OPEC and non-OPEC producers were close to a deal to stabilize an oversupplied market. The Fed's two-day meeting starts on Tuesday in which policymakers will debate over the U.S. economy and its ability to absorb a rate hike.
  
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• Silver Price Forecast: Supported Prices Move to Resistance

  19-09-2016 15:35
  Silver prices remain supported over $18.75, and are now trading towards key values of resistance.
  
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• Beware the BoJ as the Fed Looks to Avoid a September Repeat

  19-09-2016 15:15
  As we enter yet another week for the Central Banks, traders will likely want to take note of the potential for extreme volatility on Wednesday as we hear from the Bank of Japan, the Federal Reserve and the RBNZ.
  
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• Dow Jones Industrial Average Looks to Fed for Direction

  19-09-2016 14:26
  After opening last week strong, Dow Jones Industrial Average finished the week on its heels. Eyes are on the Fed's rate announcement on Wednesday for direction.
  
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• Few US Data Pre-FOMC Keeps Markets on Edge

  19-09-2016 14:15
  The USDOLLAR Index is having a tough time making a decisive break higher with a FOMC 'hold' looming around the corner.
  
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• UPDATE 1-Avnet to sell IT business to Tech Data for $2.6 bln

  19-09-2016 14:08
  
  Sept 19 (Reuters) - U.S. electrical components distributor
  Avnet Inc said it would sell its IT business to
  technology products distributor Tech Data Corp for
  about $2.6 billion.
  
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• S&P 500 Tech Update: Looking to Short-term Chart for Direction

  19-09-2016 13:56
  Market still showing indecision on daily time-frame, keeping it very short-term until further notice.
  
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• UPDATE 1-Eldorado Resorts to buy Isle of Capri Casinos in $1.7 bln deal

  19-09-2016 13:39
  
  Sept 19 (Reuters) - Gaming company Eldorado Resorts Inc
  said it would buy rival Isle of Capri Casinos Inc
  for $1.7 billion, including debt.
  
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• AUD/USD Short Term Outlook Ahead of RBA Meeting Minutes

  19-09-2016 12:23
  The AUD/USD bounced off support at 0.7450, and the key event risk ahead point to a volatile week
  
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• DAX: Bouncing After Break, Turn Lower Anticipated

  19-09-2016 11:47
  Bouncing after breakdown to end last week, shouldn't climb much higher if more to go on the downside...
  
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• Britain's FTSE gains as miners rally, though mid cap Mitie drops

  19-09-2016 11:07
  
  LONDON, Sept 19 (Reuters) - British shares advanced on
  Monday, led by a rise in mining companies which were supported
  by firmer oil prices and a weaker dollar, though mid cap Mitie
  Group slumped...
  
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• Most Asian markets gain amid expectations that the US Fed will not increase rates this week

  19-09-2016 09:39 via news.yahoo.com
  
  Asian stock market indices were trading higher on Monday (19 September), with the Shanghai Composite up 0.64% at 3,022.15 as of 6.51am GMT amid expectations that the US Federal Reserve will not increase interest rates at its September policy meeting scheduled this week.
  
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• BRIEF-Shares in Mitie Group open down after co lowers FY oper profit outlook

  19-09-2016 09:09
  
  * Shares in Mitie Group open down 23.8 percent after co
  lowers full year operating profit outlookFurther company coverage:
  (Bengaluru Newsroom: +91 80 6749 1136)
  
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• Nikkei 225 Technical Analysis: 16,000 Support Now in Focus

  19-09-2016 08:54
  The Nikkei 225 is nudging slightly higher after losing the 16,500 support, and continued downside pressure may target 16,000
  
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• US Dollar Falls Amid Pre-Positioning Before FOMC Rate Decision

  19-09-2016 08:15
  The US Dollar turned broadly lower having surged Friday following firm inflation data amid pre-positioning for this week’s much-anticipated FOMC policy announcement.
  
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• USD/CNH Technical Analysis: Support Found at 6.6500

  19-09-2016 07:44
  The USD/CNH has found support around 6.6500, and the pair looks primed for the FOMC rate decision ahead
  
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• Crude Oil Trims Dollar-Linked Losses on Libya Supply Jitters

  19-09-2016 05:18
  Crude oil prices trimmed losses driven in large part by a stronger US Dollar amid reports that violence at a port scuttled the resumption of exports from Libya.
  
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• Canada's TMX to stay in S&P index after misstatement

  19-09-2016 03:16 via news.yahoo.com
  
  TMX Group Ltd , the owner of Canada's dominant stock exchange, said on Sunday it had not been removed from a major Canadian index run by S&P Global Inc despite what a spokesman said was an erroneous press release issued by S&P unit Capital IQ Inc that it had been removed. S&P spokesman Soogyung Jordan confirmed TMX will remain in the S&P/TSX Composite Index . "Earlier today, we were notified of an erroneous alert posted to the S&P Capital IQ platform regarding the continued i
  
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• Lack of Data Keeps Euro’s Focus on ECB Speeches, FOMC Rate Decision

  19-09-2016 02:30
  There aren’t many meaningful data due out over the coming days, so traders’ collective attention shouldn’t be trained on the economic calendar. Instead, EUR-crosses are likely to prove highly volatile throughout the week thanks to central bank interference: there are five ECB speakers between Monday and Friday; and the Federal Reserve and Bank of Japan both meet from September 20-21.
  
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• Canadian financial firm TMX Group says it remains part of S&P index

  19-09-2016 01:46 via news.yahoo.com
  
  Canadian financial company TMX Group Ltd said on Sunday it had not been removed from a major Canadian index run by S&P Global Inc despite what a spokesman said was an erroneous press release by S&P unit Capital IQ Inc saying it had been removed. TMX spokesman Shane Quinn told Reuters TMX had confirmed with S&P that it had not been removed from the S&P/TSX Composite Index . An S&P spokesman had no immediate response on Sunday night.
  
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• Has there ever Been a More Critical 12 Hours for the USD/JPY?

  19-09-2016 00:50
  The Japanese Yen starts a critical week near the middle of its 3-month trading range, but surprises out of the Bank of Japan or US Federal Reserve could quite easily force the long-awaited USD/JPY breakout.
  
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