Analyst news

• UPDATE 2-Caesars offers another $1.6 bln to creditors of bankrupt unit

  21-09-2016 23:19
  
  CHICAGO, Sept 21 (Reuters) - Caesars Entertainment Corp
  said on Wednesday it proposed along with its private
  equity backers a settlement offer with an added $1.6 billion for
  creditors of its casino...
  
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• UPDATE 3-Caixabank bids for Banco BPI after takeover hurdle cleared

  21-09-2016 22:51
  
  * Angolan, local shareholders tried to block bid(Updates and recasts with reformulated Caixabank offer)
  
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• Wall Street rallies after Fed stands pat on rates

  21-09-2016 22:37 via news.yahoo.com
  
  Wall Street racked up gains on Wednesday after the U.S. Federal Reserve kept interest rates unchanged, for now leaving intact the low-rate environment that has helped underpin the bull market. The Nasdaq closed at a record high. Earlier on Wednesday, global markets reacted to the Bank of Japan's abrupt shift to targeting interest rates on government bonds to achieve its elusive inflation target.
  
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• September FOMC: Federal Reserve Holds Rates Flat (Recap)

  21-09-2016 21:48
  Today's FOMC meeting saw no changes to interest rates as we near the press conference with Chair Yellen. (story developing)
  
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• NZD/USD: Near-term Range Braces for RBNZ; Key Resistance 7450

  21-09-2016 21:46
  The weekly opening range is in focus heading into today’s rate decisions. Here are the updated targets & invalidation levels that matter heading into the release.
  
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• BNP says Fed rate hike in December 'more likely than not'

  21-09-2016 21:09 via news.yahoo.com
  
  BNP Paribas economists said on Wednesday the Federal Reserve is poised to raise short-term U.S. interest rates at its Dec. 13-14 policy meeting after leaving rates unchanged at its latest meeting that ended earlier Wednesday. "The Fed appears to be positioning for a hike in December, and at this stage we see that outcome as more likely than not," BNP Paribas economists wrote in a research note. BNP Paribas and Barclays were the only two U.S. primary dealers, or top 23 Wall Street firms that do b
  
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• Wall Street climbs after Fed stands pat on rates

  21-09-2016 21:08 via news.yahoo.com
  
  Wall Street tallied gains on Wednesday after the U.S. Federal Reserve's decision to leave interest rates unchanged. The Fed said U.S. economic activity had picked up and job gains were "solid" in recent months. "I don’t think anybody is too surprised," said Alan Rechtschaffen, portfolio manager at UBS in New York.
  
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• Barclays sees Fed having tough time keeping December rate hike 'live'

  21-09-2016 21:02 via news.yahoo.com
  
  NEW YORK (Reuters) - Barclays economists said on Wednesday the split seen among Federal Reserve policymakers in the central bank's decision to leave U.S. interest rates unchanged on Wednesday will make it hard for the Fed to maintain market perception that a December rate increase is "live." Barclays and BNP Paribas were the only two U.S. primary dealers, or the top 23 Wall Street firms that do business directly with the Fed, which had expected the Fed to raise short-term rates on Wednesday. (Re
  
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• USD/JPY Technical Analysis: Fed & BoJ Bring The Pain To Bulls

  21-09-2016 21:00
  USD/JPY Continues to hover around 100, and given the lack of boost by the BoJ, only the USD can keep USD/JPY from falling to 2016 lows.
  
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• September FOMC: Federal Reserve Holds Rates Flat

  21-09-2016 20:54
  Today's FOMC meeting saw no changes to interest rates as we near the press conference with Chair Yellen. (story developing)
  
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• Wall St climbs after Fed stands pat on rates

  21-09-2016 20:30 via rocketnews.com
  
  By Lewis Krauskopf
  (Reuters) – Wall Street gained on Wednesday after the U.S. Federal Reserve’s decision to leave interest rates unchanged.
  The central bank strongly signalled it could still tighten monetary policy by the end of this year as the labour market improved further. The Fed said U.S. economic activity had picked up and job gains were “solid” in recent months.
  Traders generally had not expected the Fed to raise rates, with bets before the meeting of only an 18
  
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• Fed awards most reverse repos since June

  21-09-2016 19:50 via news.yahoo.com
  
  NEW YORK (Reuters) - The Federal Reserve on Wednesday awarded $176.84 billion of one-day, fixed-rate reverse repurchase agreements to 51 bidders at an interest rate of 0.25 percent, the New York Fed said on its website. Wednesday's award was the highest since $278.91 billion to 92 bidders on June 30. On Tuesday, the U.S. central bank allotted $156.69 billion in one-day reverse repos to 49 bidders, including Wall Street dealers, money market mutual funds and mortgage finance agencies, also at an
  
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• UPDATE 1-Harley-Davidson shares pare gains after comment on buyout speculation

  21-09-2016 19:42
  
  Sept 21 (Reuters) - Harley-Davidson Inc. shares
  jumped nearly 7 percent early on Wednesday as speculation
  resurfaced the company was a buyout target of equity firm
  Kohlberg Kravis and Roberts.
  
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• Wall Street little changed ahead of Fed rate decision

  21-09-2016 19:31 via news.yahoo.com
  
  The central bank statement's at 2:00 p.m. ET is widely expected to show that its rate-setters chose to leave interest rates unchanged. Fed Chair Janet Yellen is scheduled to speak at a press conference at 2:30 p.m. ET.
  
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• SEC accuses hedge fund manager Cooperman of insider trading

  21-09-2016 17:30 via news.yahoo.com
  
  Federal regulators have accused high-profile hedge fund manager Leon Cooperman and his firm of illegally trading on confidential information he learned from a company executive. The Securities and Exchange Commission announced the civil insider-trading charges Wednesday against Cooperman and his firm, Omega Advisors. Cooperman is well known in Wall Street circles and appears frequently on the CNBC business cable network.
  
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• Hawkish Fed, Dovish RBNZ to Fuel Risk for NZD/USD H&S Formation

  21-09-2016 17:30
  Growing bets for a Fed rate-hike paired with dovish comments from the RBNZ may trigger a near-term reversal pattern in NZD/USD amid the deviating paths for policy.
  
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• China’s Market News: Chinese Yuan, Stock Index Flat Ahead of FOMC

  21-09-2016 17:25
  Bank of Japan’s stimulus move brought limited impact to Chinese markets; all eyes are on Fed’s decision.
  
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• GM affirms profit and cost cutting targets

  21-09-2016 17:17 via news.yahoo.com
  
  GM said it cut costs by $3.1 billion in the first half, "more than offsetting incremental investments" in engineering and technology, including more than $1 billion spent on ride-sharing and vehicle automation. In a new Strategic and Operational Overview released on Wednesday, GM said that it can make money if U.S. auto sales fall about 40 percent from today's levels -- an estimated 17.3 million in 2016 -- to about 10.5 million. GM has been making record profits in the past year, but its stock p
  
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• The Latest: Wall Street awaits Fed decision

  21-09-2016 16:44 via news.yahoo.com
  
  WASHINGTON (AP) — The latest on the U.S. Federal Reserve's monetary policy meeting, which ends at 2 p.m. with the release of a policy statement, followed by a news conference by Chair Janet Yellen (all times are Eastern):
  
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• Wall Street higher as tech, energy gain; Fed in focus

  21-09-2016 16:03 via news.yahoo.com
  
  The Fed is scheduled to release a statement at 2:00 p.m. ET, followed by Chair Janet Yellen's press conference. U.S. stocks were also supported by the Bank of Japan's decision to adopt a "yield curve control" under which it will buy long-term government bonds to keep 10-year bond yields at current levels around zero percent. The BOJ also said it would not hesitate to ease monetary policy to support growth.
  
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• Here Comes the Fed: Are We in for Another Hawkish Hold?

  21-09-2016 16:00
  Today brings the widely-awaited September FOMC meeting. But with many signs pointing to a repeat of last September's meeting, how might markets respond should the Fed ramp up the hawkishness?
  
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• USD/JPY Dives Post-BOJ; Preview for September FOMC Meeting

  21-09-2016 14:18
  The USDOLLAR Index is down ahead of the FOMC rate decision later today, weighed on by USD/JPY's post-BOJ reversal.
  
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• Silver Prices: Macro-techs Point to Bull Market Continuation

  21-09-2016 14:10
  Big picture technicals point to advance beginning last December to continue...
  
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• Over to the Fed after world stocks get a lift from BOJ

  21-09-2016 13:44 via news.yahoo.com
  
  By Vikram Subhedar LONDON (Reuters) - World stocks rose on Wednesday, led by a surge in bank shares, after the Bank of Japan overhauled its monetary policy to target interest rates, though the yen recovered initial losses against the dollar on scepticism those moves would stoke inflation. With the global economy showing few signs of rebounding and investors fretting about the limits of monetary easing by major central banks, the BOJ's move initially came as a welcome relief for markets, particul
  
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• GLOBAL MARKETS-Over to the Fed after world stocks get a lift from BOJ

  21-09-2016 13:41 via news.yahoo.com
  
  World stocks rose on Wednesday, led by a surge in bank shares, after the Bank of Japan overhauled its monetary policy to target interest rates, though the yen recovered initial losses against the dollar on scepticism those moves would stoke inflation. With (Other OTC: WWTH - news) the global economy showing few signs of rebounding and investors fretting about the limits of monetary easing by major central banks, the BOJ's move initially came as a welcome relief for markets, particularly financia
  
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• Blow for Uber as Finnish court orders two drivers to give up earnings

  21-09-2016 13:07 via news.yahoo.com
  
  Finland's court of appeal ordered two Uber drivers on Wednesday to give up their earnings to the state for not having a valid taxi licence, dealing a blow to the ride-hailing service. Uber Technologies Inc, which has faced bans and protests from established taxi operators around the world, is legal in Finland provided its drivers hold a taxi licence.
  
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• Majestic Wine warns on full-year core earnings

  21-09-2016 11:08 via news.yahoo.com
  
  (Reuters) - Britain's Majestic Wine Plc said on Wednesday it expects full-year core earnings to be below market expectations, citing a failed campaign in the U.S. for its Naked Wines business and poor performance at its Majestic Commercial unit. Shares in the UK's largest specialist wine retailer were down 28 percent at 313 pence at 0856 GMT on the London Stock Exchange. The Naked Wine business, which Majestic acquired in April 2015, would slip back to being loss-making due to a failed direct ma
  
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• EUR/USD Short Term Outlook Ahead of Fed Rate Decision

  21-09-2016 11:08
  The EUR/USD is supported by its 200-day moving average ahead of FOMC, but a hawkish outcome could put the pair under pressure
  
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• FOMC to Echo 2015 Rate Path; USD to Take Cues from Fresh Projections

  21-09-2016 11:00
  The fresh projections from Fed officials may heavily influence the U.S. dollar outlook as the central bank appears to be following a similar path to 2015.
  
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• DAX: BoJ Lifts Markets, FOMC Later Today; Double-top Reexamined

  21-09-2016 10:45
  Central banks pushing markets around today, double-top formation reexamined as it tests neckline.
  
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• UK's Majestic Wine warns on full-year core earnings

  21-09-2016 09:50 via news.yahoo.com
  
  (Reuters) - Britain's Majestic Wine Plc said on Wednesday it expects full-year core earnings to be below market expectations, citing a failed campaign in the U.S. for its Naked Wines business and poor performance at its Majestic Commercial unit. Shares in the company were down 29 percent at 309.7 pence at 0744 GMT on the London Stock Exchange. The UK's largest specialist wine retailer said first-half sales at Majestic Commercial, which supplies wines to pubs and restaurants, were flat year-on-ye
  
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• Crude Oil Price Recovery May Fizzle on Hawkish FOMC

  21-09-2016 08:48
  Crude oil prices may turn lower anew after recovering in the wake of supportive API inventory figures as a hawkish FOMC boosts the US Dollar.
  
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• Nikkei leads Asian markets rally as Bank of Japan keeps interest rates unchanged

  21-09-2016 08:35 via news.yahoo.com
  
  Asian stock market indices were trading higher on Wednesday (21 September), with the Shanghai Composite up 0.27% at 3,031.02, as of 6.05am GMT. The Nikkei saw the highest gain in the region following the Bank of Japan revealing the outcome of its policy meeting.
  
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• Nikkei 225 Technical Analysis: Index Spikes Higher Following BOJ

  21-09-2016 08:07
  The Nikkei 225 spiked higher to trade above the 16,500 level following the BOJ monetary policy announcement but resistance looms
  
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• Yen Falls as BOJ Updates Policy, Fed Rate Decision Now in Focus

  21-09-2016 07:14
  The Japanese Yen fell as the Bank of Japan introduced yield curve targeting into its arsenal of stimulus measures. The FOMC policy announcement is in focus ahead.
  
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• SEC probes Exxon's climate, reserves accounting: report

  21-09-2016 00:46 via news.yahoo.com
  
  Exxon, which has not flagged the inquiry in regulatory filings, did not respond to requests for comment. The SEC did not confirm or deny any ongoing investigation. The regulator sought information from Exxon and its auditor, PwC, in August, the Wall Street Journal reported, citing people it said were familiar with the matter.
  
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• EUR/GBP Technical Analysis: Forming Major Topping Pattern?

  21-09-2016 00:45
  The Euro put in a Shooting Star candlestick on a test of resistance near the 0.86 figure against the British Pound, hinting a turn lower may be ahead.
  
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