Analyst news

• U.S. stocks, dollar rise; oil briefly slips below $50

  24-10-2016 23:18 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - U.S. stocks closed higher on Monday, with the S&P 500 hitting a two-week high on the back of strong earnings and a flurry of deal activity, while the U.S. dollar hovered near a nine-month peak against other world currencies. Merger and acquisition activity spurred Wall Street, headed by Saturday's announcement by telecommunications company AT&T Inc that it plans to buy Time Warner Inc for $85.4 billion in what would be the world's biggest deal this yea
  
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• Time Warner, AT&T shares fall with concerns over deal clearance

  24-10-2016 23:01 via news.yahoo.com
  
  Wall Street signalled scepticism on Monday that AT&T Inc would secure the government approvals needed to carry out its planned $85.4 billion acquisition of Time Warner Inc , with shares of both companies falling as analysts scrutinized the deal. Time Warner shares were trading some 20 percent below the implied value of AT&T's $107.50 per share cash and stock offer, indicating investors doubt that the companies would be able to complete the transaction. The deal, announced on Saturday, wo
  
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• S&P hits two-week high on strong earnings; M&A supports

  24-10-2016 22:19 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK - (Reuters) - The S&P 500 hit a two-week high on Monday on the back of strong earnings, while a flurry of acquisitions indicated corporate America continues to see untapped value in the market. Annualised third-quarter earnings from S&P 500 components are expected to have risen 1.1 percent last quarter, following four quarters of contraction, according to Thomson Reuters I/B/E/S data. "Consensus is earnings are going to continue to improve in part due to favour
  
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• US STOCKS-S&P hits two-week high on strong earnings; M&A supports

  24-10-2016 22:16 via rocketnews.com
  
  * AT&T (Sao Paolo: ATTB34.SA – news) , Time Warner (Frankfurt: A0RGAY – news) fall after deal announcement
  * B/E Aerospace jumps after Rockwell Collins (NYSE: COL – news) bid
  * Q3 earnings seen up 1.1 pct after four contraction quarters
  * Indexes up: Dow 0.43 pct, S&P 0.47 pct, Nasdaq (Frankfurt: 813516 – news) 1 pct (Updates throughout, changes byline)
  By Rodrigo Campos
  NEW YORK – Oct (HKSE: 3366-OL.HK – news) 24 (Reuters) – The S&P 500 hit
  
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• US STOCKS-Earnings lift S&P to two-week high; M&A supports

  24-10-2016 21:50 via rocketnews.com
  
  * AT&T (Sao Paolo: ATTB34.SA – news) , Time Warner (Frankfurt: A0RGAY – news) fall after deal announcement
  * B/E Aerospace jumps after Rockwell Collins (NYSE: COL – news) bid
  * Q3 earnings seen up 1.1 pct after four contraction quarters
  * Indexes up: Dow 0.4 pct, S&P 0.4 pct, Nasdaq (Frankfurt: 813516 – news) 0.85 pct (Updates throughout, changes byline)
  By Rodrigo Campos
  NEW YORK – Oct (HKSE: 3366-OL.HK – news) 24 (Reuters) – The S&P 500 hi
  
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• UPDATE 1-Italy's Monte dei Paschi postpones capital plan to Tuesday -sources

  24-10-2016 21:44
  
  MILAN, Oct 24 (Reuters) - Italy's Monte dei Paschi di Siena
  has postponed the release of a statement on a
  capital-boosting strategic plan and third-quarter results to
  Tuesday, sources close to the...
  
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• Regulators taking another look at costs of Wall St. safety rule

  24-10-2016 21:30 via news.yahoo.com
  
  By Patrick Rucker and Jonathan Spicer WASHINGTON/NEW YORK (Reuters) - Just as memories of the financial crisis are fading and tough new banking regulations are beginning to bite, some current and former regulators wonder whether one of the rules is too much of a burden for markets and taxpayers. Because this so-called Supplementary Leverage Ratio (SLR) rule applies to all bank assets including Treasuries, it has made owning that ultra-safe government debt and related trades more expensive. Wall
  
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• U.S., European stocks gain; oil briefly slips below $50

  24-10-2016 21:05 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - Stock markets rose on Monday, with Wall Street touching a two-week high on several big deals and Europe led by a surge in Spain's IBEX index, while oil prices fell as much as 2 percent on news of the impending restart of Britain's Buzzard oilfield. Merger and acquisition activity spurred Wall Street, headed by Saturday's announcement by telecommunications company AT&T Inc that it plans to buy Time Warner Inc for $85.4 billion in what would be the biggest d
  
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• UPDATE 3-Time Warner, AT&T shares fall amid concerns over deal clearance

  24-10-2016 20:43
  
  Oct 24 (Reuters) - Wall Street signaled skepticism on Monday
  that AT&T Inc would secure the government approvals needed
  to carry out its planned $85.4 billion acquisition of Time
  Warner Inc, with...
  
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• China’s Market News: Offshore Yuan Drops to a Record Low - What’s Next?

  24-10-2016 20:30
  The USD/CNH hit 6.7879 on Monday, setting a new all-time low level for the offshore Yuan.
  
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• COT-Largest Speculative US Dollar Long Position Since December

  24-10-2016 20:28
  The net speculative US Dollar long position is 45,422 contracts (as of 10/18). This is the highest net long position since December 2015.
  
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• UPDATE 3-T-Mobile raises forecast; sees "upside" from AT&T-Time Warner deal

  24-10-2016 19:56
  
  * Shares touch 9-year high at $50.41(Adds CEO and analyst comments, updates shares)
  
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• US Dollar Technical Analysis: DXY At 2-Month Regression Extremes

  24-10-2016 19:43
  The global borrowing cost reference rate (3M USD LIBOR) continues to rise favoring USD strength, and weak counterparts could keep DXY supported.
  
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• Crude Oil Price Forecast: OPEC Deal Continues to Feel Fragile

  24-10-2016 19:15
  WTI Crude Oil Excitement Has Waned After Weekend Reports Showed Russia & Iraq have yet to commit to the cuts that are to be agreed upon in Vienna.
  
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• AUD Outperforms Comm. Bloc. Peers Ahead of Australia CPI, RBA Meeting

  24-10-2016 19:10
  The Australian dollar outperforms its commodity bloc counterparts, with market attention turn to the region’s 3Q Consumer Price Index (CPI) along with the RBA meeting.
  
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• EUR/CAD Rebound or Reversal? Line-in-the-Stand at 1.4600

  24-10-2016 18:59
  EURCAD reversed off key support last week with the subsequent rally now eyeing initial resistance objectives. Here are the targets & invalidation levels that matter.
  
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• EUR/CAD Rebound or Reversal? Line-in-the-Sand at 1.4600

  24-10-2016 18:59
  EURCAD reversed off key support last week with the subsequent rally now eyeing initial resistance objectives. Here are the targets & invalidation levels that matter.
  
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• UPDATE 4-French Connection chief says nothing behind report of possible bid interest

  24-10-2016 18:51
  
  * Shares rise as much as 20.6 pct(Adds Neuberger Berman declined to comment, share close,
  updates market value)
  
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• Time Warner, AT&T shares fall amid concerns over deal clearance

  24-10-2016 18:51 via news.yahoo.com
  
  Wall Street signaled skepticism on Monday that AT&T Inc would secure the government approvals needed to carry out its planned $85.4 billion acquisition of Time Warner Inc , with shares of both companies falling as analysts scrutinized the deal. Time Warner shares were trading some 20 percent below the implied value of AT&T's $107.50 per share cash and stock offer, indicating investor doubts that the companies would be able to complete the transaction. The deal, announced on Saturday, wou
  
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• UPDATE 2-Time Warner, AT&T shares fall amid concerns over deal clearance

  24-10-2016 18:50
  
  Oct 24 (Reuters) - Wall Street signaled skepticism on Monday
  that AT&T Inc would secure the government approvals needed
  to carry out its planned $85.4 billion acquisition of Time
  Warner Inc, with...
  
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• It Looks Like Investors Have a Clear Favorite in the Election

  24-10-2016 18:36 via rocketnews.com
  
  The stock market can’t vote in November, but an analysis of how investors reacted in real time to the first presidential debate last month and to the release of tapes damaging to the Donald Trump campaign suggest that if it could, it would be backing Democrat Hillary Clinton. That’s according to a new paper  from economists Justin Wolfers of the University of Michigan and Eric Zitzewitz of Dartmouth which looked at real-time reaction to the first presidential debate, held late l
  
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• Britain's FTSE ends lower as commodities stocks slip

  24-10-2016 18:20
  
  LONDON, Oct 24 (Reuters) - Britain's top share index closed
  lower on Monday after energy stocks came under pressure
  following a drop in crude oil prices and gold miners tracked
  weaker precious metals.
  
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• Oil down as Iraq says no cuts; Wall Street, Cushing draw limit loss

  24-10-2016 18:18 via news.yahoo.com
  
  Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma. The Organization of the Petroleum Exporting Countries (OPEC) announced plans last month to cut output to boost prices, but has not yet given details on how it will reach the target. Iraqi oil minister Jabar Ali al-Luaibi said on Sunday the country, second large
  
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• Oil down as Iraq says no cuts; Wall St, Cushing draw limit loss

  24-10-2016 18:18 via news.yahoo.com
  
  By Ethan Lou NEW YORK (Reuters) - Oil prices fell on Monday after Iraq said it wanted to be exempt from an OPEC production cut, though prices drew some support from a rally in Wall Street shares and a draw in crude inventories at the U.S. storage hub of Cushing, Oklahoma. The Organization of the Petroleum Exporting Countries (OPEC) announced plans last month to cut output to boost prices, but has not yet given details on how it will reach the target. Iraqi oil minister Jabar Ali al-Luaibi said o
  
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• U.S., European stocks gain; oil falls on Iraq OPEC exemption

  24-10-2016 18:17 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - Stock markets rose on Monday, with Wall Street higher on several big deals and Europe led by a surge in Spain's IBEX index, while oil prices fell after Iraq said it wanted to be exempt from an OPEC deal to cut production. Merger and acquisition activity spurred Wall Street, headed by Saturday's announcement by telecommunications company AT&T Inc that it plans to buy Time Warner Inc for $85.4 billion in what would be the biggest deal in the world this year
  
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• UPDATE 4-Syngenta slumps after EU watchdog sparks ChemChina deal doubts

  24-10-2016 18:09
  
  * Shares fall more than 9 percent before partial recovery(Adds Syngenta clarification of deal timetable comment)
  
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• Time Warner CEO Bewkes could get $32 mln from AT&T merger

  24-10-2016 17:32
  
  Oct 24 (Reuters) - Time Warner Inc Chief Executive
  Jeff Bewkes could walk away with a $32 million payout if the
  media company completes its $85 billion merger with AT&T Inc
  .
  
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• Wall Street touches two-week high on deals, strong earnings

  24-10-2016 17:19 via news.yahoo.com
  
  U.S. stocks touched their highest levels in two weeks as a flurry of deal activity and strong quarterly earnings boosted investor confidence. AT&T was down 1.2 percent at $37.03 after the telecommunications company said it would buy Time Warner Inc for $85.4 billion. Time Warner Inc was down 1.8 percent at $87.84.
  
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• Wall St. touches two-week high on deals, strong earnings

  24-10-2016 17:19 via news.yahoo.com
  
  AT&T was down 1.2 percent at $37.03 after the telecommunications company said it would buy Time Warner Inc for $85.4 billion. Time Warner Inc was down 1.8 percent at $87.84. Investors are also parsing quarterly earnings reports from companies.
  
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• UPDATE 3-Syngenta slides after EU watchdog sparks ChemChina deal doubts

  24-10-2016 16:51
  
  * Shares fall more than 9 percent before partial recovery(Adds comment by Australian regulator, updates shares)
  
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• Webinar: USD, EUR Back at Yearly Open- US GDP in Focus

  24-10-2016 16:49
  Webinar highlighting featured setups we’re tracking on SB Trade Desk. Here are the updated targets & invalidation levels that matter this week.
  
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• UPDATE 2-China's HNA to buy 25 pct stake in Hilton for $6.5 bln

  24-10-2016 16:33
  
  * HNA to appoint two directors to Hilton's board(Adds details, background)
  
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• RPT-Time Warner CEO says only AT&T approached with offer

  24-10-2016 16:23
  
  Oct 24 (Reuters) - Time Warner Inc Chief Executive
  Jeff Bewkes said on Monday that AT&T Inc was the only
  company to make a takeover approach for the media group.
  
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• UPDATE 3-French Connection chief says nothing behind report of possible bid interest

  24-10-2016 16:20
  
  * Shares rise as much as 20.6 pct(Recasts with founder's reaction, updates shares)
  
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• UPDATE 1-AT&T CEO expects Time Warner deal clearances; shares fall

  24-10-2016 16:17
  
  Oct 24 (Reuters) - AT&T Inc Chief Executive Randall
  Stephenson on Monday told investors he expects the planned $85.4
  billion acquisition of Time Warner Inc to receive
  regulatory clearances as...
  
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• UPDATE 2-Egypt's Edita, maker of Twinkies, shuts sweet factory after sugar seized

  24-10-2016 16:02
  
  CAIRO, Oct 24 (Reuters) - Edita Food Industries,
  Egypt's maker of Twinkies, said on Monday its sweet factory in
  Beni Suef had been shut for three days after authorities seized
  its sugar, raising...
  
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• Wall St opens higher as M&A activity boosts confidence

  24-10-2016 15:35 via news.yahoo.com
  
  REUTERS - Wall Street opened higher on Monday as a flurry of merger activity boosted investor confidence. The Dow Jones industrial average rose 107.73 points, or 0.59 percent, to 18,253.44, the S&P 500 gained 9.69 points, or 0.45 percent, to 2,150.85 and the Nasdaq composite added 33.87 points, or 0.64 percent, to 5,291.27. (Reporting by Tanya Agrawal)
  
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• Three Pertinent Price Action Themes for This Week

  24-10-2016 15:09
  This week brings a heavy batch of U.S. data as the Greenback continues to hold on to October's gains. Can this week's data continue driving the Dollar higher?
  
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• Regulators, wary of risks, want more trading data: Fed's Dudley

  24-10-2016 15:02 via news.yahoo.com
  
  Regulators need a clearer view of the trading that takes place in the U.S. Treasury market, the world's deepest, in order to better understand looming risks and the sources of abrupt changes in prices, an influential financial supervisor said on Monday. William Dudley, president of the Federal Reserve Bank of New York, which acts as the government's eyes and ears on Wall Street, said risks remain after the 2014 "flash crash" in Treasuries and after this month's plunge in the British pound - whic
  
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• MIDEAST STOCKS-Saudi shares bounce as investors hunt for bargains; Egypt dips

  24-10-2016 14:53 via news.yahoo.com
  
  * Saudi climbs for fourth straight session * Petchem producer Alujain soars on first dividend since 1998 * Jarir gains on chairman's optimistic outlook * Dubai up as GFH jumps after winning civil court case * Abu Dhabi weighed by blue chips yet to report Q3 results * Egypt's Edita Food closes at lowest historic price in volatile trade By Celine Aswad and Andrew Torchia DUBAI, Oct 24 (Reuters) - Saudi Arabia's stock market closed higher for a fourth straight session on Monday after last week's me
  
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• UPDATE 2-T-Mobile beats profit estimates, raises customer additions forecast

  24-10-2016 14:51
  
  Oct 24 (Reuters) - T-Mobile US Inc reported a
  better-than-expected quarterly profit and raised its forecast
  for customer additions for the year as heavy discounting helped
  attract subscribers.
  
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• Time Warner CEO says only AT&T approached with offer

  24-10-2016 14:40
  
  Oct 24 (Reuters) - Time Warner Inc Chief Executive
  Jeff Bewkes said on Monday that AT&T Inc was the only
  company to make a takeover approach for the media group.
  
  Read more

• Italy's Monte dei Paschi set to approve business plan

  24-10-2016 11:55
  
  MILAN, Oct 24 (Reuters) - Italy's Monte dei Paschi di Siena
  prepared to unveila capital-boosting and business
  plan on Monday under new chief Marco Morelli, as its shares
  extended a week-long rally...
  
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• DAX: Trades to Best Levels of the Year

  24-10-2016 11:24
  The German benchmark is trading to new intra-day highs for 2016, looking for a new yearly closing high.
  
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• MIDEAST STOCKS-Saudi continues rebound, rest of Gulf soft

  24-10-2016 10:36 via news.yahoo.com
  
  Saudi Arabia's stock market continued rallying early on Monday after last week's big international bond sale by the government boosted sentiment, but other Gulf markets were soft after some weak third-quarter earnings. It underperformed the region earlier this year as low oil prices and government austerity measures hit the economy hard, so may now have more room to snap back. Retail chain Jarir Marketing gained 3.5 percent after chairman Muhammad Alagil told Reuters that the retail sector's slu
  
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• BUZZ-Industries Qatar drops on Q3 earnings miss

  24-10-2016 08:55 via news.yahoo.com
  
  ** Shares in chemicals, metals and fertiliser producer Industries Qatar drop 1.4 percent to 106.00 riyals ** Company posted 28.9 percent drop in third-quarter net profit to 759.7 million riyals ($208.7 million) ** Analysts had forecast 996.6 million riyals ** Stock has immediate, minor technical support at 104.00 riyals (October lows) ** Qatar stock index edges down 0.2 percent (Reporting by Andrew Torchia)
  
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• India's proposed algo trading rules cast pall over bourse IPOs

  24-10-2016 08:26 via news.yahoo.com
  
  By Abhirup Roy and Euan Rocha MUMBAI (Reuters) - A proposed crackdown on algorithmic trading in India could hurt the earnings of the country's two main stock exchanges just as both bourses prepare to make their much-awaited stock market debuts. The Securities and Exchange Board of India (SEBI) in August outlined new proposals aimed at curbing high frequency trading (HFT) in the country, amid fears that retail investors would be disadvantaged against such advanced and expensive systems. The new r
  
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• Asian stocks eke out gains, dollar nears a nine-month high

  24-10-2016 07:55 via news.yahoo.com
  
  By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks eked out gains but lacked clear direction on Monday after Wall Street's sluggish performance late last week, while the dollar hit a near nine-month high as comments from a Federal Reserve official boosted bets of a rate hike by year-end. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.2 percent. Japan's Nikkei moved in a tight range and was last up 0.2 percent.
  
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• Asian stocks eke out gains, dollar nears a 9-month high

  24-10-2016 07:53 via news.yahoo.com
  
  By Shinichi Saoshiro TOKYO (Reuters) - Asian stocks eked out gains but lacked clear direction on Monday after Wall Street's sluggish performance late last week, while the dollar hit a near nine-month high as comments from a Federal Reserve official boosted bets of a rate hike by year-end. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.2 percent. Japan's Nikkei moved in a tight range and was last up 0.2 percent.
  
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• MIDEAST STOCKS-Gulf may consolidate; weak Q3 earnings

  24-10-2016 07:43 via news.yahoo.com
  
  RIYADH, Oct 24 (Reuters) - Gulf stock markets may consolidate with little upside on Monday as global markets are sluggish and after several major corporate earnings announcements came in below estimates. Asian bourses are moving sideways on Monday morning while oil prices are slightly lower after Iraq said it wanted to be exempt from any OPEC deal to cut production. Among corporate earnings, Dubai's Mashreq bank posted a 24. ...
  
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