Analyst news

• US stocks snap 2-day winning streak, close slightly lower

  20-10-2016 23:07 via news.yahoo.com
  
  A day of mostly listless trading on Wall Street ended Thursday with U.S. stocks giving back modest gains from the day before.
  
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• Wall Street dips as telecoms slump; AmEx surges

  20-10-2016 22:19 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks ended a choppy session on Thursday with a slight decline as investors digested the latest round of earnings, with a sharp drop in telecoms offset by gains in healthcare.
  
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• Crude Oil Price Forecast: Post-2016 High Pullback Not Worrisome Yet

  20-10-2016 20:30
  WTI Crude Oil Excitement Has Waned After Reaching New Year-To-Date Highs On EIA Reports Of The Sixth Inventory Draw in Seven Weeks. Volatility & Options Helps Show Faith.
  
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• NZD/JPY Signals Near-term Exhaustion Ahead of Key Resistance

  20-10-2016 20:15
  NZDJPY is approaching the upper bounds of a multi-month consolidation pattern leaving the immediate advance vulnerable. Here are the targets & invalidation levels that matter.
  
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• China’s Market News: More Debt, Lower Taxes: The Proactive Fiscal Policy

  20-10-2016 19:27
  Chinese regulators have introduced multiple fiscal measures to support the economy.
  
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• EUR/USD Post-ECB Outlook Mixed as Price & Momentum Deviate

  20-10-2016 19:00
  EUR/USD may continue to pare the decline following the ECB meeting as price appears to be deviating with the Relative Strength Index (RSI).
  
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• AmEx leads Wall St. recovery, tech stocks weigh on Nasdaq

  20-10-2016 18:56 via news.yahoo.com
  
  The stock was the top boost to the S&P 500 as well as the Dow, where it added about 42 points, perfectly negating the impact of Verizon and Travelers together. Verizon fell 2.6 percent, dragging the most on the S&P, after the wireless carrier reported a drop in quarterly revenue. The top drag on the Dow was Travelers , which fell 4.2 percent after the insurer posted a steep drop in profit.
  
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• Ex-Goldman recruit drives HSBC's investment banking ambitions

  20-10-2016 18:16 via news.yahoo.com
  
  By Lawrence White LONDON (Reuters) - Using a rare hire from a Wall Street firm, HSBC is pushing hard to become the top European-based investment bank while its regional rivals struggle with regulatory fines and falling revenues. Former Goldman Sachs banker Matthew Westerman, who took over as head of the Global Banking division in May, has made sweeping changes in the drive to steal market share in a business area where HSBC lags most of its major peers. The London-based lender wants to capitalis
  
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• Gold Price Falls from Two-Week High, Oil into ST Price Support

  20-10-2016 18:10
  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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• CAC 40 Trends High Towards Next Resistance

  20-10-2016 17:45
  The CAC 40 is pushing higher towards next resistance at 4,528.90.
  
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• Wall St. falls as weak earnings dent optimism; oil drags

  20-10-2016 17:26 via news.yahoo.com
  
  Verizon fell 2.3 percent, dragging the most on the S&P, after the wireless carrier reported a drop in quarterly revenue. The telecom services sector tumbled 1.9 percent, the most among the 11 major S&P 500 indexes. Microsoft , scheduled to report after the bell, fell 1.3 percent, weighing the most on the Nasdaq.
  
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• Wall Street falls as weak earnings dent optimism; oil drags

  20-10-2016 17:25 via news.yahoo.com
  
  U.S. stocks fell sharply on Thursday as weak earnings from index heavyweights such as Verizon dented optimism about the earnings season and as a drop in oil prices weighed on energy stocks. Verizon fell 2.3 percent, dragging the most on the S&P, after the wireless carrier reported a drop in quarterly revenue. The telecom services sector tumbled 1.9 percent, the most among the 11 major S&P 500 indexes.
  
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• Is the ECB Going to Taper or Extend QE After March 2017?

  20-10-2016 16:39
  The biggest message from today's ECB meeting might be something that wasn't said, and something that markets have grown to really fear:The inevitable removal of ECB accommodation.
  
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• Wall Street flat amid mixed earnings reports

  20-10-2016 16:08 via news.yahoo.com
  
  U.S. stocks were little changed on Thursday morning as weak earnings reports from index heavyweights Verizon and Travelers were offset by AmEx's strong showing. Verizon fell 2.8 percent, weighing the most on the S&P, after the wireless carrier reported a drop in quarterly revenue. The S&P 500 telecom services sector tumbled 2.2 percent, the biggest loser among the 11 major S&P 500 indexes.
  
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• Wall St. flat amid mixed earnings reports

  20-10-2016 16:08 via news.yahoo.com
  
  Verizon fell 2.8 percent, weighing the most on the S&P, after the wireless carrier reported a drop in quarterly revenue. The S&P 500 telecom services sector tumbled 2.2 percent, the biggest loser among the 11 major S&P 500 indexes. Helping the Dow and the S&P cut losses was American Express's 6.6 percent jump following its strong results and forecast.
  
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• MIDEAST STOCKS-Mammoth bond issue boosts Saudi, Egypt rebounds

  20-10-2016 15:32 via news.yahoo.com
  
  * Saudi banks rally on bond issue * SEC jumps on strong Q3 profit * STC gains on in-line profit, Mobily drops on loss * Hokair tumbles on earnings slump * Dubai's DXBE jumps for third day before theme parks open By Celine Aswad DUBAI, Oct 20 (Reuters) - Saudi Arabia's stock market rose sharply on Thursday as banks rallied after the kingdom's mammoth international bond sale, which could help to unclog liquidity bottlenecks in the economy. Egypt bounced as investors bought into recent dips. The Sa
  
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• Unchanged On Statement, Euro Whipsaws On Draghi Comments

  20-10-2016 15:25
  The European Central Bank (ECB) decided to keep its interest rate outlook unchanged at its October meeting.
  
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• Solid quarterly earnings help London Stock Exchange focus on merger

  20-10-2016 14:42 via news.yahoo.com
  
  London Stock Exchange Group Plc reported a jump in third-quarter earnings, helped by a weaker pound and putting the company on a sound footing as it focuses on its merger with Deutsche Boerse . "We remain focused on achieving the necessary regulatory approvals to complete the merger with Deutsche Boerse, creating a global markets infrastructure group," LSE Chief Executive Xavier Rolet said in a statement, but gave no new information on the deal's progress.
  
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• S&P 500: Searching for Direction, Global Laggard Status Continues

  20-10-2016 13:14
  U.S. markets remain the laggard, uninspiring price action continue to cloud outlook.
  
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• Preview for ECB Rate Decision and Implications for EUR/USD

  20-10-2016 13:00
  Based on what several ECB officials have said in recent weeks, it would be shocking if the ECB tapered its QE program.
  
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• FTSE 100: Maintaining Trend Support; Risk Appetite, Pound Helping

  20-10-2016 11:56
  The UK benchmark index remains postured for higher prices as long as key support holds and certain influences maintain.
  
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• MIDEAST STOCKS-Saudi equity investors cheer mega bond debut, SEC jumps on Q3 profit

  20-10-2016 11:01 via news.yahoo.com
  
  DUBAI, Oct 20 (Reuters) - Saudi Arabia's stock market rose in early trade on Thursday as the banking sector rallied following the kingdom's mammoth international bond sale, which could help to unclog liquidity bottlenecks in the economy. Other Gulf bourses were mixed. Riyadh's stock index added 1.2 percent as all but three listed Saudi banks advanced, with Samba Financial Group , which earlier this week had reported a drop in third-quarter net income, adding 4.0 percent. The kingdom conducted th
  
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• BUZZ-Retailer Alhokair slumps on Q2 profit miss

  20-10-2016 09:50 via news.yahoo.com
  
  ** Shares in retailer Fawaz Alhokair slump 6.8 percent to 20.50 riyals ** Company made profit of 58.7 million riyals ($15.7 million) in it second quarter, down 81.1 percent ** EFG Hermes had forecast quarterly profit of 244.13 million riyals, while NCB Capital had estimated 269 million riyals ** Alhokair cited decrease in sales, lower gross margins and higher finance expenses ** Saudi Arabia's general stock market index up 0.4 percent (Reporting by Celine Aswad; Editing by Andrew Torchia)
  
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• Most Asian markets gain after the final US presidential debate ends in Clinton's favour

  20-10-2016 09:40 via news.yahoo.com
  
  While most Asian stock market indices were trading higher on Thursday (20 October), the Shanghai Composite was down 0.06% at 3,083.01 as of 6.51am GMT. This followed the final US presidential debate ending overnight in Hillary Clinton's favour.
  
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• BUZZ- Saudi Electricity jumps on strong Q3 net profit

  20-10-2016 09:13 via news.yahoo.com
  
  ** Shares in Saudi Electricity Co (SEC) jump 7.4 percent to 18.10 riyals ** SEC's third-quarter net profit jumped 50.8 percent to 4.40 billion riyals ($1.17 billion); NCB Capital had forecast profit of 1.90 billion riyals ** Of four analysts polled by Reuters before earnings, one rated it "buy", two "hold" and one "strong sell" with median target price of 16.50 riyals ** Saudi Arabia's stock market index up 0.4 percent (Reporting by Celine Aswad; Editing by Andrew Torchia)
  
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• ECB Policy Adjustment to Fuel EUR/USD Losses- Summer Lows on Tap?

  20-10-2016 09:00
  An adjustment to the ECB’s quantitative easing (QE) program may drive EUR/USD lower as the Governing Council continues to push policy into unchartered territory.
  
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• MIDEAST STOCKS-Saudi may end week with firm tone following mega bond debut

  20-10-2016 07:51 via news.yahoo.com
  
  Saudi Arabia's stock market may gain on Thursday as investors cheer the kingdom's mammoth international bond sale, which could help to unclog liquidity bottlenecks in the economy, while an overnight rally in oil prices may aid regional markets. London-based Capital Economics estimated the issue would finance around a third of next year's state budget deficit and almost all of the kingdom's current account gap, meaning its foreign exchange reserves were unlikely to fall much further in coming yea
  
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• Norwegian Air sees faster 2017 capacity growth after record Q3 earnings

  20-10-2016 07:34 via news.yahoo.com
  
  Budget airline Norwegian Air Shuttle reported record third-quarter earnings on Thursday and said its capacity growth would accelerate in 2017 as it continues a rapid expansion in long-haul traffic. Europe's ...
  
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• Australian Dollar Drops from Six-Month High After Disappointing Jobs Data

  20-10-2016 06:06
  The Australian Dollar dropped against its US counterpart after six consecutive days of gain on news of unexpected job losses in September.
  
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• Asian markets rise as oil lifts energy firms

  20-10-2016 05:20 via news.yahoo.com
  
  Hong Kong (AFP) - Asian markets rallied on Thursday following a positive lead from Wall Street, with energy firms tracking a surge in oil prices as dealers welcomed a surprise drop in US stockpiles.
  
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• SEC to consider amendments to disclosures in director elections

  20-10-2016 03:05 via news.yahoo.com
  
  The SEC is expected to propose rules that would make it easier for shareholders to vote on board candidates nominated by investors, in competition with those fielded by the management, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The new rules would focus on a universal ballot, which will have a single voting form in elections as opposed to two sets of ballots received by voters in contested elections, the paper said. For investors, the rules could bolst
  
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• Asian stocks ride Wall Street momentum before final presidential debate

  20-10-2016 02:55 via news.yahoo.com
  
  MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent. Japan's Nikkei gained 0.3 percent. Overnight, the S&P 500 index and the Dow Jones Industrial Average closed up 0.2 percent, after Morgan Stanley posted a better-than-expected quarterly profit to round out a string of solid results from big U.S. banks.
  
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• UPDATE 2-AmEx raises 2016 profit forecast; shares up 5.8 percent

  20-10-2016 01:56
  
  Oct 19 (Reuters) - American Express Co raised its
  2016 adjusted earnings forecast and reported
  better-than-expected third-quarter revenue on Wednesday, sending
  its shares up 5.8 percent in extended...
  
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• UPDATE 1-Mattel sales beat estimates as Barbie shines

  20-10-2016 00:44
  
  Oct 19 (Reuters) - Mattel Inc, the largest U.S.
  toymaker, reported better-than-expected quarterly revenue,
  driven by strong demand for its flagship Barbie and Fisher-Price
  brands.
  
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