Analyst news

• China’s Market News: Investment Improves, Property Market Remains Overheated

  19-10-2016 22:49
  China has maintained a steady growth in general in the third quarter; however, uneven development is seen among sectors and regions.
  
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• Oil, earnings lift Wall Street but Intel drags

  19-10-2016 22:17 via news.yahoo.com
  
  U.S. stocks notched a second straight day of gains on Wednesday, as climbing oil prices lifted the energy sector and earnings from Morgan Stanley provided a boost to financials. Morgan Stanley gained 1.9 percent after posting a better-than-expected quarterly profit to round out a string of solid results from big U.S. banks.
  
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• Oil, earnings lift Wall St but Intel drags

  19-10-2016 22:17 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks notched a second straight day of gains on Wednesday, as climbing oil prices lifted the energy sector and earnings from Morgan Stanley provided a boost to financials. Morgan Stanley gained 1.9 percent after posting a better-than-expected quarterly profit to round out a string of solid results from big U.S. banks.
  
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• Salesforce target Tableau explored sale earlier this year – sources

  19-10-2016 22:00 via rocketnews.com
  
  By Lauren Hirsch and Liana B. Baker
  (Reuters) – Tableau Software Inc , one of the companies in a leaked list of potential acquisition targets of Salesforce.com Inc , worked with an investment bank to explore a sale earlier this year, according to people familiar with the matter.
  Shares of Tableau rose as much as 7.3 percent on Wednesday after the Wall Street Journal reported the list, found in emails of former Secretary of State Colin Powell that were published in September by DCLeaks, a
  
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• EUR/JPY Targeting Key Support Ahead of ECB

  19-10-2016 21:09
  The short-bias is at risk as EURJPY approaches confluence support with the ECB rate decision on tap tomorrow. Here are the updated targets & invalidation levels that matter.
  
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• GBP/JPY Technical Analysis: Post-Flash Crash Channel

  19-10-2016 21:07
  GBP/JPY is a high-flying pair that is known for its typically-volatile move. But more recently a ranging-channel has developed: Beware.
  
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• Wall St climbs on oil, earnings; Intel curbs advance

  19-10-2016 20:49 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks were on track for its second straight advance on Wednesday, as a climb in oil prices buoyed the energy sector and earnings from Morgan Stanley helped lift financials. Oil prices were up more than 2 percent, with U.S. crude touching a 15-month high after the government reported a sharp drop in domestic inventories for the sixth week in seven. Morgan Stanley gained 1.8 percent after posting a better-than-expected quarterly profit to round out a
  
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• USD/CHF Technical Analysis: Shy of the ’Big’ Resistance Level

  19-10-2016 20:15
  Swissy has spent much of the past seven months in a range-bound formation, and 'bigger picture' resistance may be nearing.
  
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• EUR/JPY Technical Analysis: A Sliding Scale of Support

  19-10-2016 19:35
  EUR/JPY is back to a familiar trend-line, and a break or a bounce appears imminent: Tomorrow's European Central Bank meeting may pose such an impetus.
  
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• USD/CAD Technical Analysis: Post-BoC Retracement On Stimulus Talk

  19-10-2016 19:20
  The Canadian Dollar looked to be stretching for its fifth consecutive gain after the BoC MPR failed to live up to bearish expectations until Poloz began to speak.
  
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• Crude Oil Price Forecast: Crude Breakout to 2016 Highs

  19-10-2016 19:10
  WTI Crude Oil Was Catapulted To New 2016 Highs On EIA Reports Of The Sixth Inventory Draw in Seven Weeks. The U.S. Supply level currently sits at its lowest level since January.
  
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• Wall St. up on oil, upbeat earnings; Intel limits gains

  19-10-2016 19:04 via news.yahoo.com
  
  (Reuters) - Wall Street was on track for its second straight day of gains on Wednesday as oil prices boosted energy stocks and financials got a lift after Morgan Stanley rounded off a strong quarter for big U.S. banks.
  
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• Gold Prices Pop, but is the Bull Back in Force?

  19-10-2016 18:57
  The past three days have seen a big ramp-higher in Gold prices; but the bullish continuation move may not be ready just yet.
  
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• UPDATE 3-Abbott moves ahead on St. Jude, Alere deals, but investors fret

  19-10-2016 18:47
  
  Oct 19 (Reuters) - Abbott Laboratories said on Wednesday it
  was pushing ahead to complete its planned purchases of medical
  device maker St. Jude Medical Inc and diagnostics company Alere
  Inc despite...
  
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• European banks risk lagging Wall Street in blockchain race

  19-10-2016 18:32 via news.yahoo.com
  
  By Jemima Kelly and Anjuli Davies LONDON (Reuters) - The blockchain technology behind bitcoin was designed to do away with banks. In an ironic reverse, investment banks are now racing to make it work for them - but cash-strapped European players risk falling behind their Wall Street rivals. Blockchain was developed eight years ago, enabling transactions using the digital currency to be processed and settled on a public network without the need for a third party.
  
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• Cost of Saudi fingerprinting scheme weighs on STC, Mobily earnings

  19-10-2016 18:16 via news.yahoo.com
  
  * STC Q3 profit 2.15 bln riyals, down 7.5 pct * Mobily reports wider Q3 loss of 167.7 mln riyals * Impact of govt fingerprinting scheme weighs on both (Recasts, combines STC/Mobily earnings news, adds context) By David French DUBAI, Oct 19 (Reuters) - Saudi Arabia's two biggest telecom operators reported weaker third-quarter earnings on Wednesday, as the cost of implementing a government initiative to register fingerprints with phone numbers weighed on both providers. A 7. ...
  
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• Oil jumps after U.S. data; stocks edge up

  19-10-2016 18:12 via news.yahoo.com
  
  NEW YORK (Reuters) - Crude oil prices rose to a 15-month high on Wednesday after a surprise U.S. inventory drawdown, boosting energy shares.
  
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• Financials and energy stocks help FTSE to end higher

  19-10-2016 18:03
  
  LONDON, Oct 19 (Reuters) - Britain's top share index
  finished higher on Wednesday, with energy stocks tracking a
  sharp rally in crude oil prices and banks gaining momentum after
  U.S. bank Morgan...
  
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• WTI Crude Oil Price at 15-Month Highs, Gold Accelerating

  19-10-2016 17:55
  Oil prices were the talk of the day as crude stockpiles fell by their third-most year-to-day. Gold prices are moving above $1,270/oz. as the USD continues to stumble on the number of future rate hikes.
  
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• UPDATE: USD/CAD Reverses Losses as BOC Reveals Dovish Intentions

  19-10-2016 17:40
  Market participants weren’t expecting a rate cut (only a +1.9% chance, according to OIS), and the Bank of Canada’s downgrades to its economic forecasts weren’t as deep as anticipated.
  
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• MIDEAST STOCKS-SABIC profit boosts Saudi, Qatar hit by weak earnings

  19-10-2016 16:59 via news.yahoo.com
  
  * SABIC Q3 profit at top end of forecasts * Emaar the Economic City drops after posting loss * Dubai's DXB Entertainments up before theme park opening * Qatar hit by CBQ's net loss, which misses estimates * Egypt down for fourth straight day By Celine Aswad DUBAI, Oct 19 (Reuters) - Saudi Basic Industries (SABIC) helped lift Riyadh's stock market on Wednesday after it reported a third-quarter net profit at the top end of forecasts, but a loss at Qatar's third- largest bank dragged that market lo
  
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• USD/CAD to Fresh Session Lows Despite BOC Cutting GDP, CPI Forecasts

  19-10-2016 16:34
  Market participants weren’t expecting a rate cut (only a +1.9% chance, according to OIS), and the Bank of Canada’s downgrades to its economic forecasts weren’t as deep as anticipated.
  
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• FTSE Moves: London market slips as traders weigh jobs and earnings data

  19-10-2016 16:19 via rocketnews.com
  London stocks slipped in afternoon trading as investors reacted to official data that showed UK earnings and job creation slowed in the three months to August.
  The Office for National Statistics (ONS) employment was up 106,000 in the latest quarter to a record 31.8 million, but this was down from 174,000 in the three months to July.
  Average earnings increased by 2.3% in the year to August, although this was 0.1% lower than the previous month.
  The FTSE 100 Index fell 12.6 points to 6987.4, as th
  
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• Wall St flat as oil gains offset Intel's drag

  19-10-2016 16:07 via news.yahoo.com
  
  (Reuters) - Wall Street was little changed on Wednesday as gains in energy and financial stocks were offset by a drop in technology shares, led by Intel.
  
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• Will Dow Jones Industrial Average Get Spooked From Hibernation?

  19-10-2016 16:03
  Dow Jones Industrial Average has gone into hibernation mode with potential catalysts unable to awaken the market in either direction. We are tracking a triangle pattern.
  
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• CAC 40 Rises to Technical Resistance

  19-10-2016 16:00
  With today’s advance, the CAC 40 is testing resistance of a symmetrical triangle.
  
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• Wall Street opens little changed; Intel weighs

  19-10-2016 15:37 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened little changed on Wednesday, a day after the S&P 500 index posted its best advance in the month, but Intel had the Nasdaq slightly in the red. The Nasdaq Composite was down 3.36 points, or 0.06 percent, at 5,240.48.
  
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• Abbott's third-quarter earnings edge past Street

  19-10-2016 15:30 via news.yahoo.com
  
  Apart from the St. Jude deal, Abbott is buying molecular diagnostic company Alere Inc for $5.80 billion. The Abbott Park, Illinois-based company's stock was down about 2 percent in premarket trading on Wednesday. St. Jude, which also reported its quarterly results, posted a quarterly adjusted profit of 99 cents, missing the average Wall Street estimate by 2 cents.
  
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• Morgan Stanley profit jumps on bond-trading comeback

  19-10-2016 15:22 via news.yahoo.com
  
  Morgan Stanley reported a better-than-expected profit on Wednesday, boosted by a surge in bond trading that helped all Wall Street banks last quarter. Morgan Stanley's gains were especially notable. Its adjusted bond-trading revenue more than doubled, hitting Chief Executive James Gorman's revenue target for that business for the second quarter in a row.
  
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• Employee benefits firm Edenred boosted by growth plans

  19-10-2016 15:12
  
  Oct 19 (Reuters) - Employee benefits firm Edenredexpects operating profit to grow by at least 9 percent a year
  over the next three years as it diversifies further into areas
  such as fuel and...
  
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• How Dovish Might the Bank of Canada’s Forecasts Be?

  19-10-2016 14:38
  The Canadian Dollar spent the first portion of the year on a rollercoaster, and since May price action has been channeling higher. But will the BoC give ammunition to CAD bears with this morning's updated forecasts?
  
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• Dollar recedes from seven-month peak, lifts oil

  19-10-2016 13:59 via news.yahoo.com
  
  The U.S. dollar fell from a seven-month peak on Wednesday, combining with signs of an easing supply glut to help lift oil prices back towards a one-year high. The bounce in oil pushed a key market gauge of long-term euro zone inflation expectations to a multi-month high, keeping bond yields elevated above record lows seen in the wake of Britain's vote in June to leave the European Union. Wall Street was set to open a touch higher but neither the rise in commodity prices nor a barrage of data con
  
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• Silver Prices: Bounce Likely Capped Below 18

  19-10-2016 13:56
  Silver has multiple inflection points up to around 18 which should keep it capped; keep an eye on the dollar for further indications, too.
  
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• Morgan Stanley's earnings jump, helped by trading

  19-10-2016 13:45 via news.yahoo.com
  
  NEW YORK (AP) — Morgan Stanley's earnings soared 62 percent in the third quarter thanks to big gains in bond trading.
  
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• Stock futures flat ahead of earnings reports, economic data

  19-10-2016 13:35 via news.yahoo.com
  
  (Reuters) - U.S. stock index futures were little changed on Wednesday, ahead of another flood of earnings reports, a Federal Reserve report on economic health and the final U.S. presidential debate.
  
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• World stocks steady amid firm Chinese growth, earnings

  19-10-2016 13:16 via news.yahoo.com
  
  Global stock markets were steady Wednesday after China reported its economy expanded at a firm pace in the July-September quarter and investors awaited more U.S. corporate earnings reports. KEEPING SCORE: ...
  
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• UPDATE 2-Travis Perkins warns on profit, blaming weak demand and Brexit

  19-10-2016 12:57
  
  * Shares fall by as much as 8 pct(Adds detail, CEO, analyst comment, shares)
  
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• USD/CAD to Reverse Course on Dovish BoC Monetary Policy Statement

  19-10-2016 12:00
  A downward revision in the BoC’s economic projections may spur a near-term rebound in USD/CAD as it fuels bets for additional monetary support.
  
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• Britain's FTSE edges down, hit by Travis Perkins

  19-10-2016 11:16
  
  LONDON, Oct 19 (Reuters) - Britain's top share index fell on
  Wednesday, with shares in plumbing and home improvement retailer
  Travis Perkins rocked by a profit warning.
  
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• Why a GOP House Is Just What Hillary Clinton Needs—If She Wins

  19-10-2016 11:15 via news.yahoo.com
  
  Hillary Clinton needs the GOP to keep control of the House of Representatives. If elected president, she can spend the next four years blaming obstructionist House Republicans for everything she fails to do. There are three important issues where Hillary’s divided supporters are at odds: raising taxes on the wealthy, doubling down on Wall Street regulations and putting U.S. oil and gas reserves off limits.
  
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• DAX Tech Update: Short-term Trading Levels Amidst the Chop

  19-10-2016 10:49
  The market broke above one level of resistance, but isn't in the clear; choppy trading conditions keep trading best left to short time-frames still.
  
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• BUZZ-Rentokil: highest in 14 yrs on strong Q3 organic growth

  19-10-2016 10:47
  
  ** Pest control co Rentokil +2.8%, 4th top FTSE
  midcap gainer & touches its highest since Oct 2002 on
  robust Q3 trading
  
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• MIDEAST STOCKS-SABIC lifts Saudi, CBQ weighs on Qatar

  19-10-2016 09:54 via news.yahoo.com
  
  DUBAI, Oct 19 (Reuters) - Saudi Basic Industries helped lift Riyadh's stock market early on Wednesday after it reported a third-quarter net profit at the top end of forecasts, but a loss at Qatar's third- largest bank dragged that market lower. Riyadh's stock index was up 0.4 percent after half an hour of trade. SABIC, the Gulf's largest petrochemical producer, climbed 1.5 percent after posting a net profit of 5.22 billion riyals ($1.39 billion) in the three months to Sept. 30, down 6.8 percent
  
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• BUZZ-Laird: worst day ever for smartphone supplier on FY warning

  19-10-2016 09:52
  
  ** Laird a supplier to smartphone makers including
  Apple, dives 47%, on course for biggest one-day drop
  ever, in heavy volume
  
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• Zalando lifts earnings forecast, third quarter sales disappoint

  19-10-2016 09:31 via news.yahoo.com
  
  By Emma Thomasson BERLIN (Reuters) - Zalando, Europe's biggest online-only fashion retailer, reported an improvement in quarterly profitability on Wednesday, even as sales growth slowed, as it managed to prepare for unseasonably warm weather by ordering less stock ahead of time. Zalando is now forecasting a 2016 margin on adjusted earnings before interest and taxation (EBIT) of 5.0-6.0 percent, up from a previous forecast for 4.0-5.5 percent. Zalando said third-quarter sales rose 16-18 percent,
  
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• Zalando lifts earnings forecast, Q3 sales disappoint

  19-10-2016 09:30 via news.yahoo.com
  
  BERLIN, Oct (HKSE: 3366-OL.HK - news) 19 (Reuters) - Zalando (Swiss: OXZALG.SW - news) , Europe's biggest online-only fashion retailer, reported an improvement in quarterly profitability on Wednesday, even as sales growth slowed, as it managed to prepare for unseasonably warm weather by ordering less stock ahead of time. Zalando is now forecasting a 2016 margin on adjusted earnings before interest and taxation (EBIT) of 5.0-6.0 percent, up from a previous forecast for 4.0-5.5 percent.
  
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• UPDATE 1-Zalando lifts earnings forecast, Q3 sales disappoint

  19-10-2016 09:30
  
  * Shares up 2.9 pct(Adds details, comment from managing board member)
  
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• Zalando lifts earnings forecast, third quarter growth disappoints

  19-10-2016 07:58 via rocketnews.com
  BERLIN (Reuters) – Zalando, Europe’s biggest pure online fashion retailer, reported a slowdown in sales growth in the third quarter, but said it had improved profitability, allowing it to lift its guidance for 2016 for a second time.
  In a statement issued late on Tuesday night ahead of a scheduled trading update on Wednesday, Zalando said sales rose 16-18 percent, slowing from 25 percent in the second quarter as the fashion industry suffered from unseasonably warm weather.
  Zalando,
  
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• Zalando lifts earnings forecast, Q3 growth disappoints

  19-10-2016 07:55 via news.yahoo.com
  
  BERLIN, Oct (HKSE: 3366-OL.HK - news) 19 (Reuters) - Zalando (Swiss: OXZALG.SW - news) , Europe's biggest pure online fashion retailer, reported a slowdown in sales growth in the third quarter, but said it had improved profitability, allowing it to lift its guidance for 2016 for a second time. In a statement issued late on Tuesday night ahead of a scheduled trading update on Wednesday, Zalando said sales rose 16-18 percent, slowing from 25 percent in the second quarter as the fashion industry su
  
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• Yuan and Australian Dollar Slide After In-Line 3Q China GDP Figures

  19-10-2016 06:38
  The Chinese Yuan and Australian Dollar slipped against ‘haven’ counterparts after in-line China GDP figures, industrial production figures cue subtle slowing of economy.
  
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