Analyst news

• Wall Street stocks close slightly higher after Fed minutes

  12-10-2016 22:52 via news.yahoo.com
  
  The S&P 500 and the Dow Jones industrial average indexes ended Wednesday's session with small gains as expectations for timing on a rate hike were largely unchanged after U.S. Federal Reserve minutes and investors waited on earnings reports. While keeping rates low has risks, the Fed decided it was more risky to raise rates when they are concerned we might be seeing a slowdown in economic growth, said Kate Warne, investment strategist at Edward Jones in St. Louis. "Unfortunately, they also d
  
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• US STOCKS-Wall Street stocks close slightly higher after Fed minutes

  12-10-2016 22:34 via news.yahoo.com
  
  The S&P 500 and the Dow Jones industrial average indexes ended Wednesday's session with small gains as expectations for timing on a rate hike were largely unchanged after U.S. Federal Reserve minutes and ...
  
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• Gold Prices Fall To 4-Month Lows, Oil Price Sitting At $50 On OPEC Doubts

  12-10-2016 21:55
  Gold prices continue to fall after geopolitical risks subside while Crude Oil holds near $50 as markets try and see if OPEC will follow through on production cuts.
  
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• Snapchat opts for Morgan Stanley, Goldman Sachs to lead IPO: Bloomberg

  12-10-2016 21:48 via news.yahoo.com
  
  (Reuters) - Photo-sharing app Snapchat has chosen Morgan Stanley and Goldman Sachs Group Inc as lead bankers for its initial public offering, which could happen as soon as March, Bloomberg reported, citing people familiar with the matter. The banks were notified of their role early this week, according to the report. (http://bloom.bg/2dSoglp) Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, the Wall Street Journal reported last week.
  
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• Snapchat opts for Morgan Stanley, Goldman Sachs to lead IPO - Bbg

  12-10-2016 21:48 via news.yahoo.com
  
  (Reuters) - Photo-sharing app Snapchat has chosen Morgan Stanley and Goldman Sachs Group Inc as lead bankers for its initial public offering, which could happen as soon as March, Bloomberg reported, citing people familiar with the matter. The banks were notified of their role early this week, according to the report. (http://bloom.bg/2dSoglp) Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, the Wall Street Journal reported last week.
  
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• China’s Market News: Yuan Rate Drops, Credit Risk Increases

  12-10-2016 21:32
  The PBOC continued to weaken the Yuan fix on Wednesday. At the same time, multiple Chinese firms have entered into the bankruptcy restructure process due to default.
  
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• Wall Street holds steady after Fed minutes

  12-10-2016 20:57 via news.yahoo.com
  
  At 2:47 p.m. ET, the Dow Jones industrial average was up 30.92 points, or 0.17 percent, to 18,159.58, the S&P 500 had gained 4.36 points, or 0.2 percent, to 2,141.09 and the Nasdaq Composite had dropped 1.29 points, or 0.02 percent, to 5,245.49. Overall, S&P 500 earnings are currently expected to fall 0.7 percent in the third quarter, marking the fifth quarter of negative earnings in a row, according to Thomson Reuters data. Eight of the eleven major S&P 500 indexes were higher, led
  
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• EUR/JPY Technical Analysis: Old Trend-line Resistance, New Support

  12-10-2016 20:40
  EUR/JPY has been curiously range-bound for the past few months, but a recent break higher may be opening the door to a 'bigger picture' move.
  
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• USD Whipsaws As Hawks Divided Fed Suggest A Rate Rise "Relatively Soon"

  12-10-2016 20:10
  The Federal Open Market Committee voted to keep rates steady in September but the vote was far from unanimous, as the minutes show.
  
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• USD/CHF Technical Analysis: Is the Triple Top Near?

  12-10-2016 20:03
  USD/CHF has spent quite a bit of time in a range-bound state for the past seven months. But a recent break higher may be opening the door for a Triple Top Reversal setup.
  
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• USD/JPY Technical Analysis: Has The Next “Big Move” Up Begun?

  12-10-2016 20:00
  USD/JPY has broken above the technically significant 104.32. The Bank of Japan may be on to something and traders likely hope they are.
  
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• GBP/USD Technical Analysis: The Fleeting Semblance of Support

  12-10-2016 19:15
  While the biggest crashes have a tendency to attract the largest crowds, the seasoned speculator takes that as a sign of caution.
  
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• Wall Street rises ahead of Fed minutes

  12-10-2016 19:04 via news.yahoo.com
  
  The S&P 500 and the Dow Jones industrial average inched up on Wednesday as financial stocks rose ahead of the release of the minutes of Federal Reserve's September policy meeting. The Nasdaq was kept in check by a drop in Cisco and Microsoft shares. The S&P 500 financial index rose 0.56 percent, helped by gains in Wells Fargo and other banks.
  
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• EUR/USD Breakdown Eyeing Initial Support Targets

  12-10-2016 18:44
  Euro has broken below key support and our focus is lower while within this near-term technical formation. Here are the updated targets & invalidation levels that matter.
  
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• GBP/JPY Technical Analysis: Race to the Bottom

  12-10-2016 18:29
  The Yen has seen a recent increase in weakness, but the British Pound has been even weaker. Which of these two will win in the 'race to the bottom'?
  
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• Louis Dreyfus sees no need for share listing as JV plans progress

  12-10-2016 17:58 via news.yahoo.com
  
  By Gus Trompiz PARIS (Reuters) - Louis Dreyfus Company [AKIRAU.UL] does not need to turn to the stock market in the near term as it moves ahead with plans to find partners to bolster certain activities, starting with its fertiliser business, its CEO said on Wednesday. Louis Dreyfus, like its commodity trading peers, has been grappling with ample supplies, lower prices and slower economic growth, and the group confirmed earlier this year that it would consider partnerships for some activities. It
  
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• Britain's FTSE 100 and FTSE 250 equity indexes lose ground

  12-10-2016 17:56
  
  * FTSE 100 down around 6 pct in 2016 in dollar terms(Adds detail, updates prices at close)
  
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• S&P, Dow pare losses; tech stocks drag down Nasdaq

  12-10-2016 17:32 via news.yahoo.com
  
  The S&P 500 financial index rose 0.56 percent, boosted by gains in Berkshire Hathaway and Wells Fargo . Overall S&P 500 earnings are currently expected to fall 0.7 percent in the third quarter, marking the fifth quarter of negative earnings in a row, according to Thomson Reuters data. At 10:57 a.m. ET (1457 GMT), the Dow Jones Industrial Average was down 12.53 points, or 0.07 percent, at 18,116.13.
  
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• Wall Street lower as tech, energy stocks drag

  12-10-2016 17:12 via news.yahoo.com
  
  U.S. stocks edged lower on Wednesday due to losses in energy and technology shares. Dow components Exxon Mobil and Chevron fell 0.9 percent. Investors are focusing on the release of the minutes from the Federal Reserve's September policy meeting that will reveal policymakers' views on the progress of the U.S. economy and its ability to absorb an interest rate hike this year.
  
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• GBP/USD Remains Oversold; Outlook Clouded by ’Hard Brexit’ Jitters

  12-10-2016 17:00
  The near-term outlook for GBP/USD remains tilted to the downside, with the British Pound at risk for further losses amid ongoing jitters of a ‘hard Brexit.’
  
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• Silver Prices Technically Consolidate Ahead of Next Breakout

  12-10-2016 15:50
  After declining to monthly lows, Silver prices are now consolidating ahead of the commodities next breakout.
  
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• Wall Street opens flat ahead of Fed minutes

  12-10-2016 15:35 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened little changed on Wednesday as investors eyed the finer details of the Federal Reserve's September policy meeting for clues on the timing of the next interest rate hike. The Dow Jones industrial average was down 8.84 points, or 0.05 percent, at 18,119.82, the S&P 500 was up 0.56 points, or 0.03 percent, at 2,137.29 and the Nasdaq composite was up 1.02 points, or 0.02 percent, at 5,247.80. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Anil D'Silv
  
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• The Dangerous Nature of Headline-Driven Markets in GBP, Oil

  12-10-2016 15:35
  Context can be very important for the trader, particularly around markets in the midst of 'historical' developments. In this morning's peice, we look at two such sceanrios in GBP and Oil.
  
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• USD Seeks Boost from Two Fed Speakers, FOMC Minutes Today

  12-10-2016 14:34
  The FOMC minutes should reveal a desire to hike rates by year end, but with significant reservations about the long-run potential of the glide path.
  
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• S&P 500: Rally from Support Needed; Otherwise October Could Turn Ugly

  12-10-2016 13:40
  The market is about to face a crucial test in the coming days.
  
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• UPDATE 3-Ericsson crisis deepens as profits plunge 94 pct

  12-10-2016 12:55
  
  * Shares tumble more than 15 percent, hit 8-year low(Adds more CEO, analyst comments, background, updates shares)
  
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• Vintage listings guide Time Out to open its own places for Londoners to go

  12-10-2016 11:38 via news.yahoo.com
  
  Time Out plans to open a street market in London's trendy Shoreditch as the city guides group looks to expand following its junior stock market flotation in the summer.
  
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• Vintage listings guide Time Out to open its own places for Londoners go

  12-10-2016 11:38 via news.yahoo.com
  
  Time Out plans to open a street market in London's trendy Shoreditch as the city guides group looks to expand following its junior stock market flotation in the summer.
  
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• DAX: Stall and Fall from Here? Keep an Eye on the U.S. Market

  12-10-2016 10:42
  The German index is at a crossroad, the U.S. market at a pivotal point and may soon help shape the bias across global markets.
  
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• Global stocks dip taking cue from Wall Street, doubts on oil

  12-10-2016 10:39 via news.yahoo.com
  
  TOKYO (AP) — Global markets fell Wednesday, after a dismal day on Wall Street marked by disappointing earnings news and lingering doubts about the direction of oil prices.
  
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• UPDATE 1-Premier Foods blames warm September for sales shortfall

  12-10-2016 10:18
  
  LONDON, Oct 12 (Reuters) - Britain's Premier Foodsreported weaker than expected quarterly sales and lowered its
  full-year sales outlook on Wednesday, saying a warm start to
  autumn reduced appetite...
  
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• EUR/USD Tests for Trendline Support Ahead of FOMC Minutes

  12-10-2016 10:00
  EUR/USD stands at a key juncture ahead of the FOMC Minutes as the pair appears to be testing for trendline support.
  
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• UPDATE 1-BASF shares rise on better-than-expected results

  12-10-2016 09:53
  
  * Shares rise more than 2 percent to 14 month high(Adds analyst comments, details of results)
  
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• Most Asian markets slip following Fed rate hike fears and poor US corporate earnings

  12-10-2016 09:14 via news.yahoo.com
  
  Most Asian stock market indices were trading lower on Wednesday (12 October), with the Shanghai Composite down 0.43% at 3,052.20 as of 6.18am GMT following negative overnight close on Wall Street amid renewed Fed rate hike fears and poor US corporate earnings.
  
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• Deutsche Bank strategists expect more outperformance for FTSE 100

  12-10-2016 08:31
  
  LONDON, Oct 12 (Reuters) - Deutsche Bank's equity
  strategists on Wednesday said they expected the relative
  outperformance of Britain's FTSE 100 to continue due to
  more sterling weakness.
  
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• Credit Suisse equity strategists see pound falling further vs euro

  12-10-2016 08:09
  
  LONDON, Oct 12 (Reuters) - Credit Suisse equity strategists
  said on Wednesday they expected sterling, which has been
  hit by concerns over Brexit, to fall further against the euro
  , and tipped buying...
  
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• Wells Fargo faces costly overhaul of bankrupt sales culture

  12-10-2016 07:08 via news.yahoo.com
  
  Until recently, Wells staffers labored under ambitious quotas while executives boasted to Wall Street about “cross-selling” each customer multiple accounts. Executives will have to dismantle and rebuild systems of sales incentives and performance management that date back two decades, said retail banking experts, including two consultants who have worked for Wells Fargo. "They have to retrain their entire sales culture going back years," said Paul Miller, an analyst at FBR Capital ma
  
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• Sprint to raise $3.5 billion through sale, lease-back of airwaves: WSJ

  12-10-2016 06:45 via news.yahoo.com
  
  (Reuters) - Sprint Corp , the No. 4 U.S. wireless carrier, is preparing to mortgage a little more than 10 percent of its wireless airwaves to raise cash, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The company, whose majority owner is Japan's SoftBank Group , believes the airwaves are worth more than $14 billion and will try to raise about $3.5 billion initially, the Journal said. Sprint could not be immediately reached for comment.
  
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• Asian stocks dip taking cue from Wall Street, doubts on oil

  12-10-2016 04:15 via news.yahoo.com
  
  Asian markets fell Wednesday, following pessimism on Wall Street, amid disappointing earnings news from the U.S. and lingering doubts about the direction of oil prices. KEEPING SCORE: Japan's benchmark ...
  
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• Asia shares slip as U.S. earnings disappoint, dollar gains

  12-10-2016 02:57 via news.yahoo.com
  
  By Hideyuki Sano TOKYO (Reuters) - Asian shares flirted with three-week lows on Wednesday after a dour start to Wall Street's corporate earnings season knocked U.S. stocks, while the dollar and Treasury yields rose on growing expectations of a U.S. rate hike in December. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent while Japan's Nikkei futures slipped 0.7 percent. On Wall Street, U.S. S&P 500 Index fell 1.2 percent to near one-month low, and dipped below its 10
  
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• Pound Soars as Hard Brexit Fears Recede, US Dollar Aims Higher

  12-10-2016 01:52
  The British Pound soared after reports that UK PM May accepted that Parliament will vote on her Brexit plan. The US Dollar may rise on September’s FOMC meeting minutes.
  
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• Crude Oil, Gold Prices May Fall on September FOMC Meeting Minutes

  12-10-2016 01:22
  Crude oil and gold prices may fall as minutes from September’s FOMC meeting boost interest rate hike speculation and send the US Dollar higher.
  
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• Crude Oil Prices Fall, IEA Reports Weaker Demand for 2017

  12-10-2016 01:06
  The International Energy Agency released its Monthly Oil Market Report for October today, which highlights global crude supply and demand trends.
  
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• EUR/USD Technical Analysis: Euro Selloff Gains Momentum

  12-10-2016 00:21
  The Euro finally punctured support at the bottom of a consolidation range committing prices to a choppy sideways drift since late August.
  
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• London stocks hit record as Samsung sinks

  12-10-2016 00:20 via news.yahoo.com
  
  The weaker pound propelled Britain's stock market to an intra-day record Tuesday, while shares in Samsung Electronics plunged after the company junked its Note 7 smartphone.
  
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• NZD/USD Technical Analysis: Sellers Aim Below 0.70 Figure

  12-10-2016 00:06
  The New Zealand Dollar continues to sink against its US namesake, with prices breaching the 0.71 figure to hit the lowest level in over two months.
  
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