Analyst news

• Canadian Dollar Has Asymmetric Risk with Trump’s Reflationary Views

  11-11-2016 23:56
  The Canadian Dollar traded as low as 1.3547 on Friday, hitting its lowest levels since March.
  
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• Wall Street bets Trump will spend more, regulate less

  11-11-2016 23:50 via news.yahoo.com
  
  It was perhaps the most surprising trade in a record-setting week on Wall Street: How quickly investors swapped presidential pre-election jitters for enthusiasm at Donald Trump's victory over Hillary Clinton.
  
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• US stocks close mostly higher as Dow sets record high

  11-11-2016 23:35 via rocketnews.com
  It was perhaps the most surprising trade in a record-setting week on Wall Street: How quickly investors swapped presidential pre-election jitters for enthusiasm at Donald Trump’s victory over Hillary Clinton.
  That enthusiasm — call it the Trump rally — ultimately propelled the Dow Jones industrial average to consecutive all-time highs this week and gave the Standard and Poor’s 500 index its biggest weekly gain in two years. The rally lost some steam Friday, pulling the S
  
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• Aussie Dollar at Risk as Trump Platform Feeds Fed vs. RBA Divergence

  11-11-2016 23:29
  The Australian Dollar is vulnerable to deeper losses as markets bet that the platform pursued by US President-elect Trump will amplify the Fed vs. RBA policy divergence.
  
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• S&P 500 – Bulls Gain Confidence On Trendline Break, New Highs In Sight

  11-11-2016 22:41
  S&P 500 has broken above resistance, and may rejoin the trend of 2016 with new fundamental factors giving a consistent boost.
  
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• Dow chalks up best week in five years, closes at record high

  11-11-2016 22:40 via news.yahoo.com
  
  Since his triumph on Tuesday, investors have been betting on Trump's campaign promises to simplify regulation in the health and financial sectors and boost spending on infrastructure. "Wall Street is going to be watching a lot of (Trump's) appointments and policy announcements to see whether it validates the more optimistic tone we've seen in the markets in the past few days," said Alan Gayle, senior investment strategist and director of asset allocation at RidgeWorth Investments in Atlanta, Geo
  
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• US STOCKS-Dow chalks up best week in five years, closes at record high

  11-11-2016 22:38 via news.yahoo.com
  
  "Wall Street is going to be watching a lot of (Trump's) appointments and policy announcements to see whether it validates the more optimistic tone we've seen in the markets in the past few days," said Alan Gayle, senior investment strategist and director of asset allocation at RidgeWorth Investments in Atlanta (BSE: 532759.BO - news) , Georgia. The S&P 500 financial index has gained 8 percent in the past three sessions and risen to levels not seen since 2008 during the financial crisis.
  
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• Gold Prices Plummet 6% as Trump Win Fuels Risk

  11-11-2016 22:35
  Gold prices plummeted this week with the precious metal down more than 6.2% to trade at 1222 ahead of the New York close on Friday.
  
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• British Pound to Extend Relief Rally on Hawkish BoE Testimony

  11-11-2016 22:00
  The British Pound may stage a larger relief rally over the days ahead should the key developments coming out of the U.K. raise the outlook for inflation and dampen market expectations for another round of monetary support.
  
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• Crude Oil Price Forecast: Seven-Week Lows on USD Strength & Supply

  11-11-2016 21:55
  Oil and other commodities continue to slump on a deadly combination of extreme USD strength after the election and increasing output from OPEC.
  
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• USD/CAD Technical Analysis: Pending Trade Talks & U.S. Inflation Weakens CAD

  11-11-2016 21:45
  President-Elect Donald Trump’s Comments on Monday puts large question marks around Trade Partners of the U.S. and may validate the direction of USD/CAD.
  
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• Yuan Weakness to Persist on Recovered Fed Rate Hike Expectations

  11-11-2016 20:50
  The Yuan resumed losses against the U.S. Dollar this week following bounces in the last week.
  
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• Wall Street rally sputters in Dow's best week since 2011

  11-11-2016 20:48 via news.yahoo.com
  
  A surge in banks and infrastructure companies in the two days following Trump's upset triumph on Tuesday put the Dow Jones industrial average on track for its best week since 2011, even as trading was little changed on Friday with U.S. bond markets closed for Veteran's Day. Investors have been betting on Trump's campaign promises to simplify regulation in the health and financial sectors and boost spending on infrastructure. "Wall Street is going to be watching a lot of (Trump's) appointments an
  
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• RBNZ’s Mixed Signals Bring Bearish Drive to NZD/USD

  11-11-2016 20:10
  Despite another rate cut out of the RBNZ this week, there may be signs of diminishing dovishness as the bank nudged inflation expectations higher for next year. A big level of long-term support sits just below current price action, and this could present a key 'make or break' level on the pair.
  
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• Copper Prices Rejected After Trading to New Highs

  11-11-2016 19:50
  Copper prices are set to close the day lower, despite initially trading to new monthly highs.
  
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• Limited repeal of Dodd-Frank seen under Trump: WSJ

  11-11-2016 18:29 via news.yahoo.com
  
  WASHINGTON (Reuters) - The Trump administration is eyeing a more limited repeal of the 2010 Dodd Frank law, despite the Republican president-elect's campaign promise for a full repeal of the financial overhaul, the Wall Street Journal said on Friday, citing unnamed sources.
  
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• Britain's FTSE falls as EM-exposed stocks weigh

  11-11-2016 17:58
  
  * SIG tanks among mid caps(ADVISORY- Follow European and UK stock markets in real time on
  the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)
  
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• Losses in health, energy stocks weigh on Wall Street

  11-11-2016 16:42 via news.yahoo.com
  
  (Reuters) - The S&P 500 and the Nasdaq came under pressure on Friday as lower oil prices weighed on energy companies and a drop in shares of Johnson & Johnson and Pfizer hurt healthcare stocks.
  
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• EUR/USD Stable Despite U. of Mich Sentiment Beating Expectations

  11-11-2016 16:35
  U.S. Confidence Indicators improved, but data is dated since survey responses were collected before U.S. Presidential Elections results were known.
  
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• After Trump win, critic Buffett sees strong stocks, trade hurdles

  11-11-2016 15:49 via news.yahoo.com
  
  Billionaire investor Warren Buffett defended the stock market's strength and raised doubts about President-elect Donald Trump's trade agenda in a CNN interview broadcast on Friday, just days after the U.S. election. Buffett, a vocal critic of Trump, endorsed Democrat Hillary Clinton during her failed bid for the White House. "The stock market will be higher 10, 20, 30 years from now, and it would have been with Hillary, and it ... will be with Trump," said Buffett, who is chairman of Berkshire H
  
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• GBP/USD Technical Analysis: Is a New Trend Setting In?

  11-11-2016 15:40
  The British Pound had a rough four months after the Brexit referendum, but November has brought a quick change-of-pace. With higher-highs now printing, where might traders look to pick off that next higher-low?
  
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• Dow Jones Industrial Average Rallies to New Highs: Will it Continue?

  11-11-2016 15:40
  Dow Jones Industrial Average (DJIA) has embraced the Trump presidency rallying to new all-time highs.
  
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• Wall Street opens lower as financial, tech stocks drag

  11-11-2016 15:34 via rocketnews.com
  
  Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 10, 2016. REUTERS/Brendan McDermid
  More(Reuters) – U.S. stocks opened lower on Friday, dragged down by financial and technology stocks.
  The Dow Jones industrial average <.DJI> was down 32.26 points, or 0.17 percent, at 18,775.62, the S&P 500 <.SPX> was down 5.46 points, or 0.25 percent, at 2,162.02 and the Nasdaq composite <.IXIC> was down 17.97 points, or 0.35 percent, at
  
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• CORRECTED-UPDATE 2-Nvidia posts biggest qtrly revenue growth in 6 yrs; shares soar

  11-11-2016 14:53
  
  Nov 10 (Reuters) - Nvidia Corp reported its biggest
  quarterly revenue growth in more than six years as demand soared
  for its gaming chips used in personal computers.
  
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• GBP/JPY Technical Analysis: New Trend in Play after 800-Pip, 3-Day Romp

  11-11-2016 14:47
  This week has seen a wild reversal in the risk trade, and this is showing vividly in GBP/JPY after an 800-pip reversal off of the Wednesday lows.
  
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• Daily Brexit Update: Pound Boosted as Trump Win Emboldens Brexiteers

  11-11-2016 14:45
  The British Pound continues to gain strength, rising to a five-week high against the Dollar, as markets reassess their assumptions about the UK’s prospects as we head for a formal Brexit.
  
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• German watchdog warns against financial deregulation after Trump win

  11-11-2016 14:41 via news.yahoo.com
  
  Felix Hufeld, president of Germany's top financial regulator Bafin, made the call at an industry conference days after the election of Donald Trump, who has said he would scrap some financial rules to help U.S. businesses if he became president. "Barely 10 years after the start of the financial crisis I once more hear the bugle calls of deregulation," Hufeld said, without explicitly referring to Trump in his speech. President-elect Trump said throughout his campaign he would oppose financial reg
  
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• Buffett says U.S. stock market to rise regardless of election outcome

  11-11-2016 14:24 via news.yahoo.com
  
  WASHINGTON (Reuters) - Billionaire investor Warren Buffett, who strongly criticized Republican President-elect Donald Trump during his campaign against Democrat Hillary Clinton, said the stock market is poised to rise long-term regardless of the U.S. election outcome.
  
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• UPDATE 1-TomTom targeting deals with U.S. automakers - CEO

  11-11-2016 14:15
  
  AMSTERDAM, Nov 11 (Reuters) - TomTom's order intake from
  carmakers is currently lagging last year's, but the emergence of
  rival Here backed by a trio of German automakers means other
  manufacturers...
  
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• UPDATE 4-Innogy profit fall spells more trouble for RWE

  11-11-2016 13:48
  
  * Interest rate expectations also weigh(Adds CFO comment, pressure from interest rate expectations)
  
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• Kenya promotes speciality teas to boost earnings for farmers

  11-11-2016 13:44 via rocketnews.com
  
  By Duncan Miriri
  MERU, Kenya (Reuters) – Kenya is relaxing some of its tea industry rules to encourage production of new varieties in an effort to boost earnings for farmers of the crop, which is now one of the country’s top hard currency earners.
  The East African nation is the world’s leading exporter of black tea, but oversupply and variable weather conditions often lead to global price fluctuations, encouraging diversification into niche varieties such as purple and white t
  
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• DXY, EUR/USD Hit Pause While Asian, EM FX Burn

  11-11-2016 13:40
  Market activity may quiet down during the European and North American trading hours today as many market participants will be taking holiday for Veteran's Day/Armistice Day. Remember to take a moment to pay respects to those who served.
  
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• TomTom targeting deals with U.S. automakers

  11-11-2016 13:31
  
  AMSTERDAM, Nov 11 (Reuters) - TomTom has benefited
  from the formation of the rival Here consortium as automakers
  not involved in it are keener to do business with the
  independent mapping operator,...
  
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• UPDATE 2-UK building materials firm SIG warns on profit, CEO goes

  11-11-2016 12:18
  
  * Shares plunge as much as 24 pct to four year low(Adds analyst comments, details, updates shares)
  
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• 'Hard' Brexit most likely outcome for UK leaving EU, says S&P

  11-11-2016 12:16 via news.yahoo.com
  
  A "hard" Brexit in which Britain loses its free access to the European Union market now looks like the most likely outcome of the country's plan to leave the bloc, ratings agency Standard & Poor's said on Friday. Britain will suffer the brunt of the economic impact of Brexit and the effects on the world economy will be more limited, S&P said in its latest update on Britain's economy. S&P cut Britain's top-notch AAA credit rating by two places to AA shortly after the June 23 vote to l
  
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• Tata Chemicals stock closes lower amid muted Q2 earnings, director's resignation

  11-11-2016 11:34 via news.yahoo.com
  
  Independent directors of Tata Chemicals in a meeting held on Thursday affirmed their confidence in the Board, its Chairman and the management in the conduct of the company's business.
  
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• Gold Prices Sink as Markets Bet Trump Heralds Steeper Rate Hikes

  11-11-2016 11:33
  Gold prices are sinking as financial markets bet that inflationary policies by the incoming Trump administration will herald a steeper Fed rate hike cycle.
  
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• UPDATE 3-Innogy profit fall spells more trouble for parent RWE

  11-11-2016 11:12
  
  * Innogy shares down 5 pct, RWE down 3.5 pct(Recasts, adds trader comment, context)
  
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• Strong U. of Michigan Survey to Reinforce Bearish EUR/USD Outlook

  11-11-2016 11:00
  A marked rebound in the U. of Michigan Confidence survey may reinforce a bearish outlook for EUR/USD as the Fed appears to be on its way to deliver a December rate-hike.
  
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• Emerging assets slide as surging U.S. yields spark outflows

  11-11-2016 11:00 via news.yahoo.com
  
  By Jamie McGeever LONDON (Reuters) - Emerging market shares and currencies slumped on Friday as investors feared higher U.S. interest rates under incoming President Donald Trump will spark capital outflows, while European bond yields were on course for their biggest weekly rise in a year. Europe's index of 300 leading shares was unchanged on the day, putting it on course for its best week since July, and Japan's Nikkei rose slightly, even in the face of a stronger yen. U.S. futures pointed to a
  
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• UPDATE 2-PostNL rejects Bpost offer as lacking "compelling value"

  11-11-2016 10:30
  
  * PostNL confident in operating as a standalone company(Updates with share price reaction, analysts' comments)
  
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• UPDATE 3-Malaysia, Indonesia markets roiled as investors scramble for hedge on Trump

  11-11-2016 10:15
  
  JAKARTA, Nov 11 (Reuters) - Emerging markets in Southeast
  Asia were slammed on Friday asDonald Trump's shock victory in
  the U.S. presidential election reverberated around the world,
  with Malaysian...
  
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• USD/HKD Stays Up Despite Robust Hong Kong GDP

  11-11-2016 10:14
  The Hong Kong Dollar remained under pressure against the greenback despite a much stronger set of local GDP data than the markets had been expecting
  
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• Trump fear fans dollar rally as emerging markets sink

  11-11-2016 09:48 via news.yahoo.com
  
  The dollar soared against high-yielding currencies and Asian emerging markets sank Friday on the prospect of higher US interest rates, with dealers betting Donald Trump's planned huge spending policies will fire inflation. Despite an all-time high close on Wall Street, investors across Asia turned cautious on uncertainties linked to a Trump presidency, while the Mexican peso fell back towards record lows on worries about the firebrand tycoon's anti-Mexico stance. After an initial shock, global e
  
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• UK's SIG warns on earnings, CEO to go, shares dive

  11-11-2016 09:44 via news.yahoo.com
  
  (Reuters) - British building materials supplier SIG announced Chief Executive Stuart Mitchell would step down immediately and warned on full-year profit citing weak trading hurt by Britain's vote to leave the European Union, sending its shares down sharply.. The company named Non-Executive Director Mel Ewell, who was CEO of infrastructure services provider Amey Plc [FERAC.UL] until March, as its interim group CEO. It forecast underlying pretax profit of 75-80 million pounds for the year, below t
  
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• Yen Gains, US Dollar Edges Lower as Markets Digest Volatility

  11-11-2016 08:41
  The Japanese Yen rose while the US Dollar rose as markets took on a consolidative tone to digest US election volatility but sensitivity to headline risk remains elevated.
  
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• Tata Chemicals stock falls amid muted Q2 earnings, director's resignation

  11-11-2016 08:37 via news.yahoo.com
  
  Independent directors of Tata Chemicals in a meeting held on Thursday affirmed their confidence in the Board, its Chairman and the management in the conduct of the company's business.
  
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• U.S. consumer financial agency could be defanged under Trump

  11-11-2016 08:07 via news.yahoo.com
  
  The U.S. Consumer Financial Protection Bureau, already in legal limbo after an October court decision, could find its powers scaled back by President-elect Donald Trump and a Republican-led Congress, according to members of both political parties, lobbyists and lawyers. Creation of the CFPB was authorized in the 2010 Dodd-Frank Wall Street reform law enacted in the aftermath of the 2007-09 financial crisis. An agency to protect consumers' finances was the idea of liberal Democratic Senator Eliza
  
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• Japan Display in talks for $704 million bailout from INCJ: WSJ

  11-11-2016 07:11 via news.yahoo.com
  
  (Reuters) - Japan Display Inc is in advanced talks to receive a bailout amount of about 75 billion yen ($704.49 million) from Innovation Network Corp of Japan (INCJ), a government-backed fund and the display maker's largest shareholder, the Wall Street Journal reported on Thursday. The two companies are looking at options including the issuance of subordinated bonds by Japan Display to INCJ, the Journal reported, citing people with knowledge of the matter. INCJ owns a 35.58 percent stake in Japa
  
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• Asian shares mixed after Dow Jones closes at record high

  11-11-2016 07:08 via news.yahoo.com
  
  Most stock markets across Asia were in positive territory on 11 November as investors took cues from overnight gains on Wall Street. Tokyo's benchmark Nikkei share average was up by 0.2% at 17,375.54 points in the afternoon session after official data showed Japan's producer price index fell 0.1% from the previous month in October. Investor sentiment in the US bounced back from the initial shock of Donald Trump's election victory to rally on 10 November, with the Dow Jones industrial average clo
  
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