Analyst news

• FX Technical Weekly: Get Ready for the Big Bad CAD

  14-10-2016 22:56
  USD/CAD might be about to fall off of a cliff. The 55 week average has been resistance since May. The average had been support since 2013 so the behavior change (former support becoming resistance) should be taken seriously.
  
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• Wall Street's gains fade as Yellen questions economy's resilience

  14-10-2016 22:54 via news.yahoo.com
  
  U.S. stocks ended little changed on Friday, losing ground late after Federal Reserve Chair Janet Yellen's comments on the economy unnerved investors. Financial shares finished up, giving the S&P 500 its biggest boost after stronger-than-expected bank results, but gave up most of their early gains. Yellen, in a speech at a conference of policymakers and academics, laid out the deepening concern at the Fed that U.S. economic potential is slipping - and may need aggressive steps to rebuild it.
  
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• Wall Street Week Ahead - Investors seek profit turnaround to drive stocks higher

  14-10-2016 22:36 via news.yahoo.com
  
  Next week's reports include Microsoft , General Electric , Johnson & Johnson and Bank of America . Mixed initial results have added to other concerns in recent days that hurt equities, including weak economic data in China, worries over Britain's exit from the European Union, and the likelihood of a Federal Reserve interest rate hike before year-end. Investors "were looking for a pretty strong breakout in the second half of the year to make up for a very weak first half, and I just don't kno
  
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• Crude Oil Price Forecast: Rising Rig Count Doesn’t Dent Oil’s Trend

  14-10-2016 21:52
  WTI Crude Oil Found Additional Fundamental Pressure On News of Higher Baker Hughes Active Rigs And Rising Inventories As USD Remains Strong.
  
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• Wall Street up in volatile trade following Yellen comments

  14-10-2016 20:43 via news.yahoo.com
  
  U.S. stocks held modest gains in volatile Friday afternoon trading as investors assessed comments by Federal Reserve Chair Janet Yellen on the U.S. economy. Yellen, in a speech at a conference of policymakers and top academics, laid out the deepening concern at the Fed that U.S. economic potential is slipping - and may need aggressive steps to rebuild it. Traders have currently priced in a 67-percent chance of a rate hike in December, while the odds for November are minimal as the Fed's meeting
  
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• Yahoo not to hold quarterly earnings call or webcast

  14-10-2016 20:13 via news.yahoo.com
  
  (Reuters) - Yahoo Inc said on Friday that it would not hold a call or webcast when it reports third-quarter results on Tuesday, citing its pending $4.83 billion deal with Verizon Communications Inc. Last month, Yahoo disclosed a massive data breach in 2014 that affected at least 500 million of its email accounts. Verizon's general counsel said on Thursday that the company has a "reasonable basis" to believe the hack represents a material impact that could allow it to withdraw from the deal to bu
  
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• German government tells lawmakers it would not take a stake in Deutsche Bank - Wall Street Journal

  14-10-2016 19:54 via news.yahoo.com
  
  Aides to German Chancellor Angela Merkel told lawmakers last week the state would not take a stake in Deutsche Bank  if it were to issue new stock, the Wall Street Journal said on Friday, citing a person who attended the briefing. Deutsche has been engulfed in crisis since news emerged last month of a U.S. Department of Justice demand for $14 billion to settle allegations that it mis-sold mortgage securities before the global financial crisis. In a closed-door briefing with a
  
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• German government tells lawmakers it would not take a stake in Deutsche Bank: WSJ

  14-10-2016 19:46 via news.yahoo.com
  
  Aides to German Chancellor Angela Merkel told lawmakers last week the state would not take a stake in Deutsche Bank  if it were to issue new stock, the Wall Street Journal said on Friday, citing a person who attended the briefing. Deutsche has been engulfed in crisis since news emerged last month of a U.S. Department of Justice demand for $14 billion to settle allegations that it mis-sold mortgage securities before the global financial crisis. In a closed-door briefing with a
  
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• Sales scandal costs Wells Fargo; JPMorgan and Citi please Wall Street

  14-10-2016 19:26 via news.yahoo.com
  
  By David Henry and Dan Freed NEW YORK (Reuters) - JPMorgan Chase and Citigroup trounced third-quarter estimates on Friday on a sharp rebound in trading revenues while Wells Fargo & Co barely beat expectations as a sales scandal engulfed the bank. Wells Fargo is under pressure to keep its profit engine humming while dismantling the aggressive sales culture at the heart of its woes, since unlike JPMorgan and Citigroup it does not have a big trading arm. Less than 48 hours after taking the helm
  
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• Wall Street trims gains as focus shifts to Yellen

  14-10-2016 19:05 via news.yahoo.com
  
  The S&P 500 financial index was up 0.44 percent, after rising as much as 1.5 percent following JPMorgan , Citigroup and Wells Fargo market-beating results. JPMorgan and Citi were flat. Traders have currently priced in a 67 percent chance of a rate hike in December, while the odds for November are minimal as the Fed's meeting falls just days before the Nov.8 U.S. presidential election.
  
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• Private equity firms line up bids for BSN Medical - sources

  14-10-2016 19:01 via news.yahoo.com
  
  By Arno Schuetze and Pamela Barbaglia FRANKFURT (Reuters) - BC Partners, Blackstone and CVC [CVC.UL] are among the private equity firms expected to make non-binding bids on Monday for German bandage and plaster cast maker BSN Medical, several people close to the matter said. BSN Medical rivals such as Sweden's SCA and U.S. and Chinese companies are also expected to submit offers for an acquisition potentially worth about 3 billion euros (£2.78 billion), the sources said. Swedish buyout fir
  
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• Mountain Warehouse posts record sales - but shelves flotation plans

  14-10-2016 18:55 via news.yahoo.com
  
  Mountain Warehouse has posted record sales, but also shelved plans to float the outdoors clothes and equipment retailer. Mountain Warehouse has also taken immediate plans for a stock market flotation off the table, with chief executive Mark Neale adding that Britain's decision to leave the European Union "made the decision to not proceed with it a lot easier". Mountain Warehouse aims to double its current network of 300 stores – with half of those in the UK.
  
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• Trump to Add NY Times Backer Carlos Slim to His Conspirators’ List

  14-10-2016 18:45 via rocketnews.com
  Republican presidential nominee Donald Trump is reportedly ready to name Mexican telecommunications billionaire Carlos Slim as a member of the global conspiracy that he insists is working to deny him the presidency of the United States.
  According to the Wall Street Journal, Trump is expected to claim that Slim, among the richest people in the world, is working with the Clinton campaign to damage Trump’s reputation by bringing forward women who claim the real estate magnate has assaulted t
  
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• Investors pin hopes on autos and oil in bleak outlook for European earnings

  14-10-2016 18:26 via news.yahoo.com
  
  By Kit Rees LONDON (Reuters) - Europe Inc's unimpressive performance on earnings over the last five years is expected to continue at least until the end of 2016 as worries over banks and the impact of the Brexit vote weigh on corporate profits. Persistent disappointment on corporate earnings growth has dented the appetite for stocks among investors around the world, who have pulled money from European equity funds for a record 36 straight weeks. Meanwhile earnings in aggregate have contracted fo
  
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• DAX Battle Lines Drawn as Index Looks to Regain 2016 Losses

  14-10-2016 18:13
  The DAX looks poised for a near-term breakout as the broader ascending structure keeps the focus on key resistance.Here are the targets & invalidation levels that matter.
  
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• Britain's FTSE ends losing streak; Man Group jumps 14 pct

  14-10-2016 18:09
  
  * Man Group surges after strong update(Adds detail, updates prices at close)
  
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• Financial stocks lift Wall St as bank earnings beat

  14-10-2016 17:40 via news.yahoo.com
  
  Wall Street was on track for its best day of the month on Friday as financial stocks rose following better-than-expected results from three big banks. The S&P 500's financial index surged 1.16 percent, its best showing in seven days, after JPMorgan, Citigroup and Wells Fargo reported quarterly revenue and profit that beat market expectations. JPMorgan and Citi rose slightly, while the scandal-hit Wells reversed course to trade down 0.15 percent.
  
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• INVESTMENT FOCUS-Investors pin hopes on autos and oil in bleak outlook for European earnings

  14-10-2016 17:38 via news.yahoo.com
  
  LONDON, Oct (HKSE: 3366-OL.HK - news) 14 (Reuters) - Europe Inc's unimpressive performance on earnings over the last five years is expected to continue at least until the end of 2016 as worries over banks and the impact of the Brexit vote weigh on corporate profits. Persistent disappointment on corporate earnings growth has dented the appetite for stocks among investors around the world, who have pulled money from European equity funds for a record 36 straight weeks. Meanwhile earnings in aggreg
  
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• Oil Price Closing in on Fourth Straight Weekly Gain, Gold Price Stable at $1,250/oz.

  14-10-2016 17:33
  Gold prices are fighting to stay above $1,250/oz in spite of USD strength, and Oil prices are also weathering the USD’s strong to work toward four straight weekly gains.
  
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• Financial stocks lift Wall Street as bank earnings beat

  14-10-2016 17:28 via news.yahoo.com
  
  The S&P 500's financial index surged 1.16 percent, its best showing in seven days, after JPMorgan , Citigroup and Wells Fargo reported quarterly revenue and profit that beat market expectations. JPMorgan and Citi rose slightly, while the scandal-hit Wells reversed course to trade down 0.15 percent. Bank of America was the top influence on the S&P, while Goldman Sachs had a similar impact on the Dow.
  
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• Goldman Sachs wins $1.2 billion dispute with Libyan sovereign fund

  14-10-2016 17:19 via news.yahoo.com
  
  By Claire Milhench LONDON (Reuters) - A British court ruled on Friday in favour of Goldman Sachs in a $1.2 billion (0.98 billion pounds) dispute with Libya's $67 billion sovereign wealth fund over derivatives trades, dismissing claims that the investment bank had abused the fund's trust. The Libyan Investment Authority (LIA) was attempting to claw back the $1.2 billion from the Wall Street giant in relation to nine equity derivatives investments carried out in 2008, which turned out to be worthl
  
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• Goldman Sachs wins $1.2 bln dispute with Libyan sovereign fund

  14-10-2016 17:08 via news.yahoo.com
  * High Court dismisses SWF case over failed derivatives trades * Judge says Libyan fund was not as naive as it claimed * Source says fund is likely to appeal (Adds details of judgment) By Claire Milhench LONDON, Oct 14 (Reuters) - A British court ruled on Friday in favour of Goldman Sachs in a $1.2 billion dispute with Libya's $67 billion sovereign wealth fund over derivatives trades, dismissing claims that the investment bank had abused the fund's trust. The Libyan Investment Authority (LIA) wa
  
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• BUZZ-Aerohive Networks Inc: Six-month low as revenue estimates miss

  14-10-2016 16:57
  
  ** Cloud-based mobile network provider's sharesdown 6.8 pct at $5.24, their lowest since April
  
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• UPDATE 1-Tesco gets PR and share price boost from battle with Unilever

  14-10-2016 16:51
  
  LONDON, Oct 14 (Reuters) - Tesco appeared to emerge
  victorious from a pricing row with Unilever on Friday, with its
  shares rising 5 percent and analysts saying Britain's biggest
  retailer had scored a...
  
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• Three Price Action Questions in the Air for Next Week

  14-10-2016 16:28
  This week has seen some interesting price action developments, but the big question now is whether these developments have longer-term staying power?
  
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• World stocks rally on cheap money, US banks earnings

  14-10-2016 16:24 via news.yahoo.com
  
  European stock markets rebounded Friday, with London's benchmark index headed back towards its record-high level on upbeat Chinese data, while bank results boosted Wall Street. Europe's rally Friday "has probably taken many people by surprise, although this shouldn't be the case given that the markets in both the UK and US are still very close to their all-time highs", said Forex.com analyst Fawad Razaqzada. London's FTSE 100 index this week hit an intra-day high of 7,129.83 points, fuelled by a
  
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• Consumer Confidence Dips; Questions Abound on Q3 Consumer Activity

  14-10-2016 16:10
  Lagging Consumer Confidence is beginning to question the view of a strong consumer propelling the US economy.
  
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• Financial stocks lift Wall Street after strong results

  14-10-2016 15:52 via news.yahoo.com
  
  Wall Street was higher on Friday as better-than-expected results from JPMorgan and Citigroup lifted financial stocks. Shares of JPMorgan, the biggest U.S. bank by assets, rose 1 percent after the lender beat estimates for revenue and profit. The S&P 500 financial index soared 1.4 percent, far outdoing the other seven major sectors that were higher.
  
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• Citigroup's profit falls 11 percent, but beats forecasts

  14-10-2016 15:48 via news.yahoo.com
  
  NEW YORK (AP) — Citigroup said Friday that its profit fell nearly 11 percent in its third quarter, but the results easily beat Wall Street expectations and its shares rose.
  
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• UK court rules in favour of Goldman Sachs in $1.2 bln Libyan fund dispute

  14-10-2016 15:44 via news.yahoo.com
  
  By Claire Milhench LONDON (Reuters) - A British court has ruled in favour of Goldman Sachs in a $1.2 billion (0.98 billion pounds) dispute with Libya's $67 billion sovereign wealth fund over nine disputed trades, a spokesman for Goldman Sachs said on Friday. The Libyan Investment Authority (LIA) was attempting to claw back $1.2 billion from the Wall Street giant in relation to nine equity derivatives trades carried out in 2008, which expired worthless. The LIA said it was "naturally disappointed
  
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• USD/JPY Whipsaws After September U.S. Retail Sales Meet Expectations

  14-10-2016 15:16
  Rebound in U.S. Retail Sales supports the case of a consumer –driven recovery in the second half of 2016
  
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• UK court rules in favour of Goldman Sachs in $1.2 bln dispute

  14-10-2016 15:12 via news.yahoo.com
  
  By Claire Milhench LONDON, Oct 14 (Reuters) - A UK court has ruled in favour of Goldman Sachs in a $1.2 billion dispute with Libya's $67 billion sovereign wealth fund over nine disputed trades, a spokeman for Goldman Sachs said on Friday. The Libyan Investment Authority (LIA) was attempting to claw back $1.2 billion from the Wall Street giant in relation to nine equity derivatives trades carried out in 2008, which expired worthless. (Reporting by Claire Milhench; editing by Jeremy Gaunt)
  
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• Wells Fargo's earnings fall as bank deals with scandal

  14-10-2016 14:44 via news.yahoo.com
  
  NEW YORK (AP) — Wells Fargo's earnings slipped in the third quarter, the bank said Friday, as the banking giant started dealing with the aftermath of a sales practices scandal that has consumed it in recent weeks.
  
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• London 'Flash Crash' trader loses High Court US extradition challenge

  14-10-2016 14:25 via news.yahoo.com
  
  British day trader Navinder Singh Sarao, who is accused of helping to trigger a multibillion-dollar Wall Street crash from a suburban London home, has lost a High Court challenge against a decision that he can be extradited to the US to stand trial. Sarao, 37, dubbed the Hound of Hounslow, is wanted in the US over allegations that he contributed to the 2010 Wall Street 'Flash Crash' from his parents' home 3,500 miles away in west London. At an extradition hearing at Westminster Magistrates' Cour
  
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• Accused UK "flash crash" trader to be extradited to U.S

  14-10-2016 14:24 via news.yahoo.com
  
  A London-based trader accused of contributing to the 2010 Wall Street "flash crash" by placing bogus orders to spoof the market lost a legal appeal against extradition at the High Court in London on Friday and will now be sent for trial to the United States. Navinder Sarao, who traded on the Chicago Mercantile Exchange (CME) from his parents' home near Heathrow airport, will be extradited within 28 days. Sarao, 27, is wanted in the United States to face trial on 22 criminal counts of wire fraud,
  
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• JPMorgan's 3Q earnings fall 8 percent, still beat estimates

  14-10-2016 14:18 via news.yahoo.com
  
  JPMorgan Chase's third-quarter profits fell 8 percent from a year earlier, the bank said Friday, as higher revenue in retail and investment banking was offset as the bank had to put aside more money to ...
  
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• GBP/USD, EUR/USD Remain Technically Weak as ’Hard Brexit’ Fears Persist

  14-10-2016 14:12
  The US Dollar is holding its own thanks to steady rate hike expectations, but elevated Brexit fears are providing a fair deal of support, too.
  
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• S&P 500: False Breakdown Puts the Brakes on Shorts

  14-10-2016 13:50
  Market breakdown sucked in sellers, reversed hard, changing technical landscape.
  
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• UPDATE 2-Court bars planned Kenya Airways strike

  14-10-2016 13:39
  
  NAIROBI, Oct 14 (Reuters) - A Kenyan court issued an order
  on Friday preventing pilots at loss-making national carrier
  Kenya Airways from going ahead with a strike next
  week, a lawyer for the airline...
  
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• Intercept's liver drug gets conditional backing of EMA panel

  14-10-2016 13:30
  
  Oct 14 (Reuters) - Drugmaker Intercept Pharmaceuticals Inc's
  drug to treat a rare liver condition was conditionally
  approved an advisory committee to the European Medicines Agency
  on Friday.
  
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• Conflicting data blurs China's economic outlook

  14-10-2016 13:27 via news.yahoo.com
  
  By Yawen Chen and Ryan Woo BEIJING (Reuters) - A mixed bag of Chinese economic data this week has unnerved global markets and clouded the outlook for China's economic growth, days before the release of the country's quarterly gross domestic product figures. Global markets rose on Friday after official data showed China's factory output prices grew in September for the first time in almost five years, but a day earlier, stocks in Europe and on Wall Street were hammered by an unexpectedly poor Chi
  
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• BUZZ-JPMorgan Chase & Co: Set to open at 2-mnth high on strong results

  14-10-2016 13:20
  
  ** Shares of the biggest U.S. bank by assets up 2
  pct at $69.10, on track to open at two-month high
  
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• Bats Reports Strong September Data, including 11.7% U.S. Options Market Share

  14-10-2016 13:00 via news.yahoo.com
  
  KANSAS CITY, Mo., NEW YORK & LONDON--(BUSINESSWIRE)-- Remains #1 in U.S. ETF Trading; #1 Pan-European Stock Market Bats Global Markets, Inc. (Bats: BATS) today reported September data and highlights, including ...
  
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• UPDATE 1-Software AG shares hit by drop in licence sales

  14-10-2016 12:37
  
  * Software AG is betting on key role in networking of
  industry
  
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• Tesco gets PR and share price boost from battle with Unilever

  14-10-2016 11:58
  
  LONDON, Oct 14 (Reuters) - Tesco appeared to emerge
  victorious from a pricing row with Unilever on Friday, with its
  shares rising 4 percent and analysts saying Britain's biggest
  retailer had scored a...
  
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• Britain's FTSE ends losing streak; Man Group jumps 16 pct

  14-10-2016 10:53
  
  LONDON, Oct 14 (Reuters) - Britain's leading share index
  climbed on Monday after falling in the previous three sessions,
  with Man Group surging after a strong trading update and
  miners tracking...
  
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• DAX Technical Update: Pushing Back into Overhead Supply

  14-10-2016 10:34
  The maket is bouncing back into zone of resistance, choppy conditions continue to dominate the market landscape.
  
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• EUR/USD at Risk for Further Losses on Strong U.S. Retail Sales Report

  14-10-2016 10:00
  A marked pickup in U.S. Retail Sales may cast a bearish outlook for EUR/USD as it carves a near-term series of lower highs & lows.
  
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• MOVES-Goldman Sachs names Raghav Maliah as head of SEA investment banking - memo

  14-10-2016 09:58 via news.yahoo.com
  
  Wall Street bank Goldman Sachs has named Raghav Maliah as head of its Southeast Asia investment banking division, while banker Dan Swift will lead the Singapore team, according to an internal memo reviewed by Reuters. The appointments were made after the retirement of Michael Smith, who headed Goldman's investment banking division in Southeast Asia.
  
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• Most Asian markets gain amid better-than-expected Chinese inflation data

  14-10-2016 09:10 via news.yahoo.com
  
  While most Asian stock market indices were trading higher on Friday (14 October), the Shanghai Composite was down 0.24% at 3,053.98 as of 6.06am GMT. This followed China announcing better-than-expected inflation data.
  
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