Analyst news

• UPDATE 2-Salesforce's revenue forecast beats estimates, shares rise

  17-11-2016 23:30
  
  Nov 17 (Reuters) - Salesforce.com Inc on Thursday
  forecast current-quarter revenue above analysts' estimates as
  more businesses adopted its cloud-based sales and marketing
  software, sending its...
  
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• New York attorney general concerned Trump may gut anti-fraud law

  17-11-2016 22:59 via news.yahoo.com
  
  By Suzanne Barlyn and Tim McLaughlin NEW YORK/BOSTON (Reuters) - New York's top law enforcement official said he does not want U.S. President-elect Donald Trump's administration to "eviscerate" the state's anti-fraud law that has dropped a hammer on Wall Street corruption. New York Attorney General Eric Schneiderman said on Thursday he also is concerned about a possible effort by the incoming administration to undermine state securities laws nationwide. "In many cases, these anti-fraud statues a
  
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• Wall street stocks lifted by data, earnings Yellen remarks

  17-11-2016 22:35 via news.yahoo.com
  
  The benchmark S&P 500 index rose to within a hair of its record high on Thursday as bank stocks got a boost from bets on higher interest rates and consumer discretionary stocks were helped by economic data and earnings. Federal Reserve Chair Janet Yellen, in her congressional testimony, solidified bets that the central bank was on track to raise interest rates in December. This signaled economic strength and helped consumer stocks as well as financials, said Janna Sampson, co-chief investmen
  
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• USD/MXN Extends Gains as Banxico Meets Expectations and Hikes by 50bps

  17-11-2016 21:11
  Inflation fears and capital flight fears in the wake of the Mexican Peso rout tied to the U.S Presidential Elections prompts Banxico to hike by an aggressive 50bps again.
  
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• S&P 500 index climbs after Yellen remarks boost bank stocks

  17-11-2016 20:52 via news.yahoo.com
  
  The benchmark S&P 500 index rose and was near its record high on Thursday as bank stocks got a boost on bets that the U.S. Federal Reserve was on track to raise interest rates in December following comments by Chair Janet Yellen. The Nasdaq was set for another day of gains, boosted by Microsoft and Apple . The Dow, which snapped a seven-day rally on Wednesday, was little changed.
  
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• China’s Market News: Yuan Implied Volatility Stable Despite Record Low Levels

  17-11-2016 20:31
  Market reactions to the recent Yuan weakness are totally different from what was seen early this year.
  
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• USD/CAD Testing Monthly Open Support Ahead of Canada CPI

  17-11-2016 20:05
  Prices responded to resistance early in the week with the focus now on key CAD data tomorrow. Here are the updated targets & invalidation levels that matter into the release.
  
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• USD/CAD Continues to Carve Bearish Formation Ahead of Canada CPI

  17-11-2016 20:00
  USD/CAD stands at risk for a larger pullback going into Canada’s Consumer Price report as it continues to carve a near-term series of lower highs & lows.
  
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• S&P higher as Yellen remarks boost bank stocks

  17-11-2016 19:22 via news.yahoo.com
  
  The S&P 500 was within shouting distance of its record high on Thursday as bank stocks got a boost after Federal Reserve Chair Janet Yellen indicated the central bank was on track to raise interest rates at its meeting next month. The Nasdaq was set for another day of gains, boosted by Microsoft and Apple . The Dow, which snapped its seven-day rally on Wednesday, was little changed, weighed down by a fall in Wal-Mart .
  
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• GBP/USD Technical Analysis: Is This The Higher-Low?

  17-11-2016 19:15
  While the U.S. Dollar surges to fresh 13-year highs, GBP/USD is building-in higher-lows.Should Dollar-strength recede, long GBP/USD could become quite attractive.
  
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• New York attorney general troubled that Trump team may gut anti-fraud law

  17-11-2016 19:12 via news.yahoo.com
  
  By Suzanne Barlyn and Tim McLaughlin NEW YORK/BOSTON (Reuters) - New York's top law enforcement official said he does not want U.S. President-elect Donald Trump's administration to "eviscerate" the state's anti-fraud law that has dropped a hammer on Wall Street corruption. New York Attorney General Eric Schneiderman said on Thursday he also is concerned about a possible effort by the incoming administration to undermine state securities laws nationwide. ...
  
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• Ford CFO says too early to assess election effect, likes Trump's 'change in tone'

  17-11-2016 18:44 via news.yahoo.com
  
  Ford Motor Co Chief Financial Officer Bob Shanks told investors on Thursday it is too early to assess the impact of the election of Donald Trump U.S. president on its business over the next several years. Shanks said that Ford officials are communicating with the Trump transition team and that he was encouraged by the "change in tone" in Trump's comments since his election last week. Shanks, speaking with Wall Street industry analysts in New York, said he expects that the North American Free Tra
  
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• Britain's FTSE rises, though Royal Mail lags after results

  17-11-2016 18:07
  
  LONDON, Nov 17 (Reuters) - British shares rose on Thursday,
  helped by gains among mining firms, though Royal Mail dropped
  after an earnings update.
  
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• Banxico Set to Meet for First Time Since US Elections as USD/MXN Surges

  17-11-2016 18:00
  Bank of Mexico is scheduled to announce its monetary policy decision for the month of November later today at 14:00 EDT/19:00 GMT. Market participants are widely anticipating that the monetary authority will increase its overnight rate by 50-bps to 5.25% in an effort to stem the rout of the Mexican Peso that has ensued in the wake of Donald Trump being elected as the next President of the United States.
  
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• S&P, Nasdaq higher as investors digest Yellen remarks

  17-11-2016 17:21 via news.yahoo.com
  
  The Dow, which snapped its seven-day rally on Wednesday, was little changed, weighed down by a fall in Wal-Mart . Yellen said the central bank could raise interest rates "relatively soon" and was prepared to adjust its outlook as the new administration takes shape. U.S. stocks had been on a tear since Trump's surprise victory last week, with the Dow closing at a record level four days in a row.
  
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• UPDATE 1-No early win for Sanofi, Regeneron cholesterol drug in study

  17-11-2016 16:25
  
  Nov 17 (Reuters) - Sanofi and Regeneron
  Pharmaceuticals said on Thursday they would continue a
  large clinical outcomes study with their injectable
  cholesterol-lowering drug Praluent, confounding...
  
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• Wall Street edges up; Yellen's testimony awaited

  17-11-2016 16:00 via news.yahoo.com
  
  U.S. stocks edged up at the open on Thursday after Federal Reserve Chair Janet Yellen said the central bank could raise interest rates "relatively soon". Yellen is scheduled to testify on the economic outlook before the congressional Joint Economic Committee at 10 a.m. ET (1500 GMT). Investors, however, will be more interested in her view on the economic impact of President-elect Donald Trump's proposed fiscal policies.
  
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• Australian Dollar Remains Down Under vs US Dollar After Poor Jobs Data

  17-11-2016 15:45
  The latest Australian jobs report will do little to allay growing concerns about the health of Australian labour market.
  
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• Strong U.S. Data, Yellen Comments Cement December: What’s Next?

  17-11-2016 15:41
  When Janet Yellen spoke to Congress in February, a major dose of risk aversion was arrested and a 'risk on' rally that lasted for over 6 months began. While the prospect of such a reversal may not be as likely today, her comments will likely be pored over for clues or hints towards the bank's outlook for 2017.
  
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• UPDATE 2-Junk mail fall post-Brexit deals latest blow to Royal Mail

  17-11-2016 15:23
  
  * Shares fall as much as 7.5 pct, top FTSE 100 loser(Adds CEO, analyst comments, details, share movement)
  
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• U.S. needs higher rates; banks need more capital: FDIC's Hoenig

  17-11-2016 15:08 via news.yahoo.com
  
  The Federal Reserve should demand more capital from Wall Street while the central bank slowly increases interest rates, a leading U.S. regulator said on Thursday as he outlined a formula for future economic growth. Thomas Hoenig, vice-chairman of the Federal Deposit Insurance Corporation, said the financial system could be rattled if the Fed continued to hold rates low while the largest banks did nothing to increase capital reserves.
  
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• Wall Street set to open flat ahead of Yellen's testimony

  17-11-2016 14:48 via rocketnews.com
  
  By Tanya Agrawal
  REUTERS – U.S. stocks were set to open little changed on Thursday, a day after the Dow broke a seven-day rally, as investors await a testimony by Federal Reserve Chair Janet Yellen.
  The Fed could raise interest rates “relatively soon” if economic data keeps pointing to an improving labor market and rising inflation, Yellen said in prepared remarks on Thursday in a clear hint the central bank could hike rates next month.
  Yellen is scheduled to begin her testimo
  
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• DXY Pauses as ’Normal’ Trading Resumes; EUR/USD in Focus

  17-11-2016 14:25
  Markets are starting to behave normally again, where higher yields and strength in the local currency leads to a weaker local equity market (and vice-versa).
  
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• Wal-Mart's profit falls but beats estimates; revenue misses

  17-11-2016 14:16 via news.yahoo.com
  
  NEW YORK (AP) — Wal-Mart Stores Inc. reported its third-quarter profit fell 8.2 percent, dragged down by investments in e-commerce and its stores. Its earnings still beat Wall Street estimates. But its revenue fell short of expectations.
  
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• Dollar charge pauses as bond bashing relents

  17-11-2016 14:05 via news.yahoo.com
  
  Wall Street looked set for a quiet start and Europe's main stock markets were shuffling sideways as the dip in global bond yields cooled bank stocks, which have been rising on better lending profits. The Malaysian ringgit hit a 10-month low on increasing fears that authorities could introduce capital controls, while Mexico's peso inched away from recent all-time lows ahead of what was expected to be an interest rate hike later.
  
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• Silver Price Action First and Foremost, USD Secondary

  17-11-2016 13:51
  The correlation between silver and the dollar has become strongly negative again, how much will it matter moving forward?
  
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• Sterling Jumps as UK Retail Sales Soar but Inflation Clouds the Outlook

  17-11-2016 13:45
  A robust set of UK retail sales figure boosts the Pound but the good news is tempered by fears that inflation will soon feed through into higher prices.
  
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• Wal-Mart's 3Q profits beat estimates; revenue falls short

  17-11-2016 13:41 via news.yahoo.com
  
  NEW YORK (AP) — Wal-Mart Stores Inc. is reporting its third-quarter profit fell 8.2 percent dragged down by investments in e-commerce and other areas. Its earnings still beat Wall Street estimates. Revenue fell short of expectations.
  
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• UPDATE 2-Zurich Insurance dividend pledge boosts shares

  17-11-2016 13:34
  
  * Zurich Ins targets dividend payout around 75 pct of net
  profit
  
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• Man United first quarter core earnings fall 25 percent as matchday income shrinks

  17-11-2016 13:25 via rocketnews.com
  
  (Reuters) – English soccer club Manchester United posted a 25 percent fall in quarterly core earnings as its absence from the lucrative Champions League competition and fewer home games at the start of the season hit its matchday revenue.
  United, whose players include Paul Pogba and Zlatan Ibrahimovic, are currently sixth in the 20-team English Premier League.
  The team failed to reach the Champions League for the current 2016-17 season after finishing only fifth in the Premier League in t
  
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• Soccer-Man Utd Q1 core earnings fall 25 pct as matchday income shrinks

  17-11-2016 13:17 via news.yahoo.com
  
  English soccer club Manchester United posted a 25 percent fall in quarterly core earnings as its absence from the lucrative Champions League competition and fewer home games at the start of the season hit its matchday income. United, whose players include Paul Pogba and Zlatan Ibrahimovic, are currently sixth in the 20-team English Premier League. The club's adjusted earnings before interest, tax, depreciation and amortisation for the three months to September 30 fell to 31.2 million pounds ($38
  
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• EUR/USD Technical Analysis: Sellers Aim at December 2015 Low

  17-11-2016 12:26
  The Euro fell for the eighth consecutive day against the US Dollar, breaching the 1.07 figure and marking the longest losing streak in over four years.
  
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• UPDATE 2-Investec looks to build Irish wealth unit via acquisitions

  17-11-2016 12:25
  
  JOHANNESBURG, Nov 17 (Reuters) - Investec is
  looking to build its Irish wealth management business via
  acquisitions, its chief executive said on Thursday, as the
  Anglo-South African financial...
  
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• Gold Prices May Resume Descent on Hawkish Yellen Commentary

  17-11-2016 11:37
  Gold prices may resume a selloff that brought the metal to a five-month low early this week as hawkish comments from Fed Chair Yellen undermine demand.
  
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• Britain's FTSE edges higher, though Royal Mail lags after results

  17-11-2016 11:17
  
  LONDON, Nov 17 (Reuters) - UK shares rose on Thursday,
  helped by gains among mining firms and a rise in mid cap stocks,
  though Royal Mail dropped after an earnings update.
  
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• European markets down, Asia mixed as US rally fades

  17-11-2016 10:44 via news.yahoo.com
  
  KUALA LUMPUR, Malaysia (AP) — European stocks fell Thursday while Asian markets ended mixed after trading in a narrow range, after a seven-day Wall Street rally faded. The U.S. dollar retreated slightly after hitting a 13-year high but oil prices rebounded.
  
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• DAX Technical Update: Walking the Line

  17-11-2016 10:29
  The German index is attempting to hold the June trend-line, but remains capped by signficant resistance surrounding 10800.
  
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• US Dollar May Extend Rally if Yellen Backs Steeper Rates Path

  17-11-2016 09:23
  The US Dollar may extend its eight-day rally if Fed Chair Janet Yellen endorses speculation that on-coming fiscal stimulus may steepen next year’s rate hike path.
  
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• BRIEF-UniCredit shares lower after report on NPL coverage

  17-11-2016 09:11
  
  * Shares in the lender down 2.8 percent in early market
  trade
  
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• BRIEF-Generali shares down 1.2 percent in early market trade

  17-11-2016 09:06
  
  * Shares in the Italian insurer are down 1.2 percent in
  early market trade
  
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• Asian markets slip as oil prices decline, dollar hits 13-year high

  17-11-2016 06:53 via news.yahoo.com
  
  Most Asian stock market indices were trading lower on Thursday (17 November) with the Shanghai Composite down 0.31% at 3,195.26 as of 4.38am GMT. This followed a decline in oil prices and a surge in the US dollar.
  
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• MIDEAST STOCKS-Abu Dhabi may see profit-taking, Gulf set to end week mixed

  17-11-2016 06:48 via news.yahoo.com
  
  Abu Dhabi's stock market may be pulled lower as short-term traders could choose to book profits on Thursday after a few leading bank shares soared on the previous day, while other regional markets may end a volatile week mixed. Shares in Union National Bank surged 12.3 percent and Abu Dhabi Commercial Bank jumped 5.8 percent on Wednesday because of renewed speculation that the government might merge more banks. Dubai's stock market is down 0.3 percent since Sunday, but may end the week flat as g
  
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• Tencent shares slip as earnings miss forecasts

  17-11-2016 05:06 via news.yahoo.com
  
  Shares in Chinese internet giant Tencent fell Thursday as a more than 40 percent jump in net profit fuelled by a surge in game revenues missed expectations and annual gaming sales slowed. Tencent became the country's most valuable enterprise in September, overtaking state-owned behemoth China Mobile, three months after buying the creator of popular games "Clash of Clans" and "Clash Royale" for $8.6 billion. Based in the Chinese southern export hub of Shenzhen, the firm operates China's biggest m
  
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• Asian markets mixed as US rally fades, dollar retreats

  17-11-2016 04:55 via news.yahoo.com
  
  Asian stock markets were mixed Thursday as a seven-day rally on Wall Street petered out overnight. The U.S. dollar retreated slightly after hitting a 13-year high and oil prices slipped. KEEPING SCORE: ...
  
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• Dollar edges away from 13-year peak, Asian stocks slip

  17-11-2016 01:45 via news.yahoo.com
  
  The dollar edged away from a 13-year peak on Thursday, following an easing of the week-long surge in Treasury yields that was fueled by hopes for the Trump administration's economic policies, and Asian stocks slipped on Wall Street's overnight dip. The dollar index, which measures the greenback's strength against a basket of major currencies, stood at 100.410 after climbing to 100.570 overnight, its highest since April 2003. The currency has been on a tear since Donald Trump was elected presiden
  
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• UPDATE 2-JPMorgan CEO Dimon still part of Trump Treasury talk

  17-11-2016 01:37
  
  NEW YORK/WASHINGTON, Nov 16 (Reuters) - Conflicting
  information on whether JPMorgan Chase & Co Chief
  Executive Jamie Dimon could become U.S. Treasury secretary as
  part of President-elect Donald...
  
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