Analyst news

• Wall Street rises, lifted by technology and energy stocks

  15-11-2016 22:59 via news.yahoo.com
  
  The Dow Jones industrial average extended its rally to seven days after it turned positive in late trading, while oil futures continued their rise and investors kept piling into technology stocks. "Buyers who were waiting to buy technology stocks didn't have an option but to get involved and continue buying the strength. The technology sector was the S&P's biggest gainer, closing up 1.3 percent in a partial rebound from its 3 percent decline since Donald Trump's shock victory on Nov. 8.
  
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• Trump eyeing Mnuchin and Ross for economy jobs - Icahn

  15-11-2016 22:41 via news.yahoo.com
  
  By Jennifer Ablan and David Lawder NEW YORK/WASHINGTON (Reuters) - Longtime Donald Trump supporter and activist investor Carl Icahn confirmed on Tuesday that the president-elect is looking at Wall Street veteran Steven Mnuchin as his choice for treasury secretary and billionaire Wilbur Ross for commerce secretary. Steve Mnuchin and Wilbur Ross are being considered for Treasury and Commerce. Both would be great choices," Icahn wrote on Twitter.
  
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• Wall Street rises, helped by tech and energy

  15-11-2016 21:19 via news.yahoo.com
  
  The major three U.S. stock indexes were higher on Tuesday as tech stocks rebounded from a post-election drubbing and energy stocks were boosted by a rise in oil prices. The S&P technology sector, was up 1.5 percent after falling about 3 percent since Donald Trump's shock victory on Nov. 8 while the S&P financial sector was down 0.4 percent after rising 13.9 percent in the previous six sessions. "Right now we're seeing a little bit of a reprieve," said Marcelle Daher, co-head of North Ame
  
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• Despite Trump’s Populist Victory, Wall Street Is Ready to Cash In

  15-11-2016 20:57 via news.yahoo.com
  
  Probably more than any other successful candidate in recent memory, president-elect Donald Trump will enter the White House owing little if anything to Wall Street and the big banks. Yes, Trump had some support from big names on the Street. Trump also got major financial backing from Robert Mercer, the billionaire co-CEO of Renaissance Technologies and the moneybags behind conservative think tanks, political action committees, lobbying groups and the far-right news organization Breitbart.
  
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• Crude Oil Price Forecast: Crude Bounces on Hope OPEC Salvages Deal

  15-11-2016 20:45
  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: CAD Bounces Ahead of Friday’s Inflation Report

  15-11-2016 20:35
  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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• USD/JPY Technical Analysis: USD/JPY Clears 109, Highest Since June

  15-11-2016 20:25
  U.S. Retail Sales and the Overall Dollar Bid Helped USD/JPY Reach Its Highest Level since June 3 after Japan
  
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• Incoming Nasdaq CEO says Trump policies may benefit Wall Street

  15-11-2016 20:22 via news.yahoo.com
  
  Nasdaq Inc's incoming chief executive officer, Adena Friedman, said on Tuesday that President-elect Donald Trump's economic policies may boost trading and allow banks to take more risks, including lending more to businesses. Nasdaq on Monday announced Friedman, currently president and chief operating officer, would replace long-time CEO Robert Greifeld in January, making her one of the most powerful women on Wall Street.
  
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• EUR/GBP Eyeing Support Targets Ahead of UK Jobless Claims

  15-11-2016 19:38
  EUR/GBP remains vulnerable ahead after breaking below a key inflection zone last week. Here are the updated targets & invalidation levels that matter into the release.
  
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• China’s Market News: Onshore Yuan Drops to Near 8-Year Low: What’s Next?

  15-11-2016 19:19
  Yuan rates continue to set fresh records amid the Dollar strength; at the same time, Chinese regulators launched additional measures to curb the soaring housing prices.
  
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• Ready for Your Holiday Party? Why More Companies Are in a Festive Mood

  15-11-2016 19:06 via news.yahoo.com
  
  A booming stock market, strong jobs market and stable economy has more companies planning to throw a holiday party this year, according to a new survey from Challenger, Gray & Christmas. “Company parties are a great way for employers to thank workers for a successful year,” Challenger, Gray & Christmas CEO John Challenger said in a statement.
  
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• European equities push higher

  15-11-2016 18:22 via news.yahoo.com
  
  Europe's main stock markets pushed higher on Tuesday as investors reacted to a surprise dip in British inflation and shrugged off slower-than-expected German economic growth. Meanwhile, on Wall Street the Dow pulled off a record close after six-day winning streak as US markets continued to adjust following last week's tumultuous post-election trading sessions, although both the broader S&P 500 and tech-heavy Nasdaq Composite were higher approaching midday. "Stock markets rose once more today
  
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• Federal Reserve says will be more open about 'stress tests': GAO report

  15-11-2016 18:19 via news.yahoo.com
  
  The Federal Reserve will be more open with Wall Street about how it conducts its annual "stress tests" of the largest U.S. banks, the central bank said on Tuesday. The Fed made the promise at the conclusion of an independent, two-year study of how the central bank examines a few dozen of the largest firms on Wall Street. Specifically, the Fed promised to be more open about "the qualitative assessment process (and) detailing its reasons for decisions to object to specific firms' capital plans," t
  
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• Euro Constrained by Trump’s Protectionism Fears, Brexit Uncertainty

  15-11-2016 17:45
  The Euro remains under pressure this morning – with EUR/USD looking likely to fall to parity next year – as fresh data highlight concerns that President-elect Donald Trump’s protectionist policies and Britain's departure from the European Union will crimp growth in the Euro-Zone.
  
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• S&P, Nasdaq rise as tech stocks back in favor

  15-11-2016 17:36 via news.yahoo.com
  
  The S&P 500 and the Nasdaq rose on Tuesday as tech stocks were back in demand after a post-election drubbing, while the Dow took a breather following a six-day rally. The S&P technology sector, which had fallen about 3 percent since Donald Trump's shock victory, rose 1.29 percent. Microsoft's 1.62 percent rise gave the biggest boost to the S&P and the Dow, followed by Amazon and Alphabet.
  
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• Crude Oil Prices Rally on Potential OPEC Cut

  15-11-2016 17:26
  Crude Oil prices have reached new weekly highs, as markets expect OPEC to cut output production.
  
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• USD/CAD Rally at Risk of Near-Term Exhaustion as Momentum Struggles

  15-11-2016 17:20
  Broader outlook for USD/CAD remains constructive, but the near-term rally appears to be getting exhausted as the RSI fails to push into overbought territory.
  
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• TalkTalk sacrifices some earnings growth for customer loyalty

  15-11-2016 17:11 via news.yahoo.com
  
  By Paul Sandle LONDON (Reuters) - British broadband company TalkTalk said 300,000 of its customers had signed up to its new fixed-price contracts since they launched in October, improving levels of loyalty albeit with a cost in earnings growth this year. The company rebranded with the slogan "TalkTalk For Everyone" last month, seeking to re-establish itself as a trusted provider after its reputation was damaged by a high profile cyber attack a year ago. "We have relaunched the brand completely,"
  
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• S&P, Nasdaq higher as tech stocks recover; Dow pauses

  15-11-2016 16:07 via news.yahoo.com
  
  The S&P technology sector, which had fallen about 3 percent since the election, rose 1.07 percent. Microsoft's 1.31 percent rise gave the biggest boost to the S&P and the Dow, followed by Amazon and Apple. Both indexes had rallied in the past week since the shock victory of Donald Trump in the U.S. election on expectations of higher fiscal spending and lower regulations.
  
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• S&P, Nasdaq higher at the open; Dow lower

  15-11-2016 15:36 via rocketnews.com
  
  Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 14, 2016. REUTERS/Brendan McDermid
  More(Reuters) – The S&P 500 and the Nasdaq opened higher on Tuesday, helped by a rise in oil prices and a recovery in tech stocks, while the Dow Jones Industrial average was slightly lower after rising for six straight days.
  The Dow Jones industrial average fell 7.06 points, or 0.04 percent, to 18,861.63, the S&P 500 gained 5.03 points, or 0.23 percent
  
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• US Dollar Whipsaws as Retail Sales Surge Higher Than Expected

  15-11-2016 15:20
  Retail Sales came in stronger than expected across the board, showing continuing strength of the US consumer.
  
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• Deutsche Wohnen's Berlin focus pays off in booming property market

  15-11-2016 15:20
  
  FRANKFURT, Nov 15 (Reuters) - Deutsche Wohnen,
  Germany's second-biggest real estate company, reported a sharp
  rise in one of its key performance measures on Tuesday and said
  it would boost...
  
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• As Election Euphoria Fades, Attention Averts Back to the Fed

  15-11-2016 15:07
  The post-Election rally appears to be finally slowing down, but with a slate of Fed speakers on the docket for the remainder of this week, price action will likely remain volatile. Today, we look at 'big picture' setups in three pertinent markets.
  
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• UPDATE 3-Home Depot gains from U.S. housing strength, profit and sales beat

  15-11-2016 15:05
  
  * Shares rise 1.5 percent premarket(Adds retail sales data, analyst comment)
  
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• Wall Street set to open slightly higher as rally loses steam

  15-11-2016 15:03 via news.yahoo.com
  
  Wall Street looked set to open slightly higher on Tuesday as a rally fueled by Donald Trump's victory in the U.S. election lost some steam, with investors still uncertain about his policies. Investors are also keeping an eye on key appointments in Trump's administration. Expectations Trump's administration will cut taxes, increase spending and accelerate inflation have boosted the dollar and stocks and driven bond yields higher.
  
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• S&P 500: Glaring Intermarket Divergence, Watch the Nasdaq 100

  15-11-2016 14:19
  Divergence among major indices is cause for concern, keep an eye on the Nasdaq 100 as it carves out a potentially bearish topping pattern.
  
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• Steepening Fed Expectations Curve Buoys US Dollar, US Equities...For Now

  15-11-2016 13:47
  The juice has been squeezed out of December rate hike odds. Instead, the US Dollar's source of strength is that markets are now pricing in a faster pace of tightening by the Fed in 2017 and 2018.
  
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• BRIEF-UniCredit shares suspended from trade after falling 5 pct

  15-11-2016 13:40
  
  * Shares in the Italian bank are suspended from trade after
  falling 5 percentFurther company coverage:
  (Reporting by Milan newsroom)
  
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• Corporation Bank stock rises on Q2 earnings

  15-11-2016 13:35 via rocketnews.com
  
  The Corporation Bank stock rose on Tuesday after the bank reported a 9 per cent rise in net profit at Rs 206.28 crore for the quarter ending September despite rise in provisioning for bad loans.
  The stock rose 12 per cent to Rs 47.15 level in an otherwise falling market.
  It opened at Rs 45 level and hit an intra-day high and low of Rs 47.80 level and Rs 44.40, respectively on the BSE.
  The state-owned bank had a profit of Rs 188.60 crore during the second quarter of the last financial year. Tota
  
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• Corporation Bank stock rises 13% on Q2 earnings

  15-11-2016 13:35 via rocketnews.com
  
  The Corporation Bank stock rose on Tuesday after the bank reported a 9 per cent rise in net profit at Rs 206.28 crore for the quarter ending September despite rise in provisioning for bad loans.
  The stock rose 13 .06 per cent to Rs 47.60 level in an otherwise falling market.
  It opened at Rs 45 level and hit an intra-day high and low of Rs 48.85 level and Rs 44.40, respectively on the BSE.
  The state-owned bank had a profit of Rs 188.60 crore during the second quarter of the last financial year.
  
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• UPDATE 2-Nokia says telecoms gear market tough, but outpacing Ericsson

  15-11-2016 13:21
  
  * Shares fall as much as 7.7 pct(Adds company, analyst quotes, detail, background, shares)
  
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• Trump-induced share weakness is an opportunity with these 2 firms

  15-11-2016 13:17 via rocketnews.com
  
  Donald Trump’s recent election victory has stirred up the stock market. Just like after the Brexit vote in Britain, shares seem to be moving either up or down as the total sum of investors tries to anticipate what might happen next.
  However, investing by aiming to predict macroeconomic outcomes is a pursuit fraught with difficulty. You’ve probably heard the term ‘sector rotation’, which is what some fund managers appear to do at times to back their macroeconomic judgemen
  
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• Tata Motors shares tank 9% post Q2 earnings

  15-11-2016 13:05 via rocketnews.com
  
  Shares of Tata Motors tumbled nearly 9 per cent after the company’s standalone net loss widened to Rs 631 crore in the September quarter.
  The stock plunged 8.93 per cent to Rs 462.05 on BSE.
  On NSE, shares of the company tanked 9 per cent to Rs 461.35.
  On standalone basis, Tata Motors’ net loss widened to Rs 631 crore for the quarter under review compared to Rs 289 crore in the year-ago period.
  The company’s standalone net sales were at Rs 11,406 crore as against Rs 11,794 cro
  
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• Silver Prices: Nothing to the Left Until 16

  15-11-2016 12:29
  Silver dropped hard after nearing July trend-line, now treading below support, with nothing substantial until around the 16 level.
  
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• UK Inflation Unexpectedly Misses in October, Gives Sterling a Bump Lower

  15-11-2016 12:25
  The price figures were softer than anticipated, even taking into account a base effect due to an aggregation methodology quirk around the calendar. The data pours water on the BOE’s recently cautiously optimistic tone as outlined in the November QIR.
  
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• Dubai's Shuaa says gets regulatory approval for ADFG to buy stake

  15-11-2016 12:22 via news.yahoo.com
  
  DUBAI, Nov 15 (Reuters) - Dubai's Shuaa Capital said on Tuesday it has received regulatory approvals allowing Abu Dhabi Financial Group (ADFG) to buy a 48.36 percent stake in the investment bank. Alternative investment firm ADFG agreed in June to acquire the stake from Dubai Banking Group, a subsidiary of Dubai Group. Shuaa received approval from both the central bank and the stock market regulator, the bourse statement said, adding that it expected ADFG to execute the transaction on the Dubai s
  
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• Britain's FTSE up as energy and defensive stocks recover

  15-11-2016 11:40
  
  LONDON, Nov 15 (Reuters) - Britain's top share index
  advanced for a second straight day on Tuesday, with energy and
  precious metals shares tracking a rally in crude oil and
  precious metals prices.
  
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• British Pound Falters on Concerns that UK Brexit Plans are Incomplete

  15-11-2016 11:25
  UK PM Theresa May’s recent Mansion House speech spoke of leadership, but a leaked report says that the UK has no clear Brexit plans yet.
  
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• EUR/USD Technical Analysis: Euro Sinks to New 2016 Low

  15-11-2016 11:13
  The Euro breached October’s swing low to sink past the 1.08 figure and hit the lowest level yet in 2016 against the US Dollar.
  
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• Gold Prices May Suffer Deeper Losses as Fed Rate Hike Bets Swell

  15-11-2016 10:10
  Gold prices may drop further after touching a five-month low as US retail sales data and hawkish Fed commentary boost bets on a steep rate hike cycle.
  
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• DAX Tech Update: Staunch Resistance Stands in the Way

  15-11-2016 09:57
  Resistance is resistance until it isn't, triple peaks back to August present a hurdle for the market to overcome.
  
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• BRIEF-Monte dei Paschi shares halted again after 8.6 pct drop

  15-11-2016 09:41
  
  * Shares suspended again for excessive volatility after 8.6
  percent drop following debt to equity swap offerFurther company coverage:
  (Reporting by Milan newsroom)
  
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• Vodafone sees earnings rise on the back of strong European demand

  15-11-2016 09:07 via news.yahoo.com
  
  Telecoms giant Vodafone saw earnings rise to a better-than-expected €7.9bn (£6.8bn, $8.5bn), boosted by improved trading in European markets such as Germany and Italy. Chief executive Vittorio Colao said: "We have further improved our performance during the first half of the financial year with Europe modestly ahead of our expectations – led by Germany and Italy – and good execution in Africa, Middle East and Asia Pacific. In the Indian mobile market the three biggest play
  
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• Vodafone beats forecasts with 4.3 pct rise in first-half earnings

  15-11-2016 08:16 via news.yahoo.com
  
  British mobile phone group Vodafone reported a better-than-expected 4.3 percent rise in core earnings in the first half of the year, helped by improving trading in European markets like Germany and Italy. ...
  
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• British Pound May Rise as UK CPI Data Keeps BOE Stimulus at Bay

  15-11-2016 07:49
  The British Pound may rise if UK CPI data points to stronger inflation than expected, hinting the BOE may not be able to look through the uptick.
  
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• Asian markets slip amid renewed Fed rate hike fears

  15-11-2016 06:49 via rocketnews.com
  Most Asian stock market indices were trading lower on Tuesday (15 November), with the Shanghai Composite down 0.27% at 3,201.74 as of 4.52am GMT, following renewed Fed rate hike fears.
  Investors reportedly fear that the US Federal Reserve would increase interest rates in its December policy meeting. “The implied probability of a December rate hike has surged to 92%, so this morning we saw some profit taking and unwinding of activities,” Margaret Yang, market analyst at CMC Markets,
  
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• Tata Motors shares plunge on weak earnings at Jaguar Land Rover

  15-11-2016 06:19 via news.yahoo.com
  
  Tata Motors shares skidded on Tuesday after second-quarter profit missed estimates by a wide margin due to a weak performance at its Jaguar Land Rover unit, although analysts said they expect earnings to improve in the months ahead. The results, out late on Monday, come amid a power struggle between Tata group holding company Tata Sons and its former chairman Cyrus Mistry, who was ousted last month but remains the chairman of Tata Motors. Hedging losses and a one-time provision related to new cu
  
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• UPDATE 1-Tata Motors shares plunge on weak earnings at Jaguar Land Rover

  15-11-2016 06:17
  
  * Results come amidst power struggle at Tata group(Updates with details, background, quote)
  
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• Rising UK CPI to Renew GBP/USD Relief Rally as BoE Drops Dovish Tone

  15-11-2016 05:00
  Heightening price pressures in the U.K. may help to reestablish a relief rally in GBP/USD as the BoE drops its dovish outlook for monetary policy.
  
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• World's youngest stock market struggles in Myanmar

  15-11-2016 04:48 via news.yahoo.com
  
  The day's trading is about to begin on the world's youngest stock exchange, and the MYANPIX index and opening share prices flash across an electronic screen, but barely a footfall or a voice are heard ...
  
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