Analyst news

• Mobile masts giant Arqiva plots £5bn sale

  23-11-2016 23:15 via news.yahoo.com
  
  Britain's biggest independent operator of telecommunications towers has begun secret preparations for a £5bn sale that would mean ditching a long-awaited London stock market listing. Sky News has learnt that Arqiva, which is owned by a consortium of financial investors, is close to hiring bankers to advise on discussions with potential buyers. The company has more than 8,000 sites across the UK‎, with its mobile masts used by customers including EE, O2 and Vodafone.
  
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• Dow, S&P 500 set record high closes ahead of holiday

  23-11-2016 23:13 via news.yahoo.com
  
  The Dow and the S&P 500 eked out record high closes on Wednesday ahead of the Thanksgiving holiday, helped by gains in industrial stocks, though losses in technology shares limited the advance and weighed on the Nasdaq. Industrial stocks also were given a boost by a report that showed a strong jump in orders for durable goods in October due to demand for machinery and other equipment. The industrial index , up 0.8 percent on the day, has risen 7 percent since the Nov. 8 U.S. election on bets
  
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• UPDATE 3-Amaya's ex-CEO left seeking new funding to bid for firm

  23-11-2016 23:10
  
  TORONTO, Nov 23 (Reuters) - Former Amaya boss David
  Baazov said he would seek new funding for his C$3.65 billion
  ($2.7 billion) bid for the gambling firm, after an investor he
  had previously said was...
  
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• Dow, S&P close at records; U.S. yields, dollar at multi-year highs

  23-11-2016 22:57 via news.yahoo.com
  
  By Sam Forgione NEW YORK (Reuters) - The Dow Jones industrial average and S&P 500 ended at record highs for a third straight day on Wednesday, while U.S. two-year Treasury yields and the dollar hit multi-year peaks after upbeat U.S. economic data reinforced expectations for interest rate hikes. Gains in industrial stocks helped the U.S. indexes, with the S&P 500 industrial sector ending up 0.8 percent. The S&P's gains were meagre, while the Nasdaq slipped after a drop in tech heavywe
  
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• Equipment companies power Dow and S&P 500 to new records

  23-11-2016 22:56 via news.yahoo.com
  
  NEW YORK (AP) — The Dow Jones industrial average and Standard & Poor's 500 indexes again set records Wednesday in a quiet day of pre-holiday trading. Machinery and equipment makers climbed after strong results from Deere, but technology companies fell.
  
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• Peabody debt dispute fizzles as coal prices rise

  23-11-2016 22:54 via news.yahoo.com
  
  By Tracy Rucinski CHICAGO (Reuters) - U.S. coal producer Peabody Energy Corp said on Wednesday it is closer to exiting bankruptcy, with a debt dispute between creditors fizzling as a recent increase in coal prices boosts their chances for recovery. Peabody filed for Chapter 11 protection in April, after a sharp decline in coal prices left it unable to service $10 billion of debt. A creditor fight launched by some of Wall Street's most litigious investment funds, Aurelius Capital Management and E
  
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• UPDATE 6-Lilly's drug for Alzheimer's fails big trial; shares drop

  23-11-2016 22:24
  
  Nov 23 (Reuters) - The failure of Eli Lilly and Co'sAlzheimer's treatment to slow declines in mental capacity of
  patients with even mild symptoms cast serious doubt over whether
  a long-held...
  
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• Alzheimer's setback prompts rethink of Lilly, Biogen stock outlooks

  23-11-2016 21:36 via news.yahoo.com
  
  By Lewis Krauskopf NEW YORK (Reuters) - Eli Lilly & Co's massive setback for its experimental Alzheimer's disease treatment on Wednesday sent investors scrambling to re-evaluate shares of the U.S. drugmaker and those of companies making competing therapies, including biotech stalwart Biogen Inc. Lilly shares tumbled 10.5 percent, and fell to their lowest point in two years during the session, after the company said its drug failed to slow loss of cognitive ability in patients with mild sympt
  
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• The Rise of #OOTT: High-Level Oil Research and the Power of Social Media

  23-11-2016 21:00
  While Oil prices have remained vulnerable to the plethora of global forces that drive supply, the rise of the #OOTT hashtag have enabled traders to access fast, high-level research around one of the most important markets in the world. And it's free.
  
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• Deere shares leap after earnings beat on pricing, costs

  23-11-2016 20:40 via news.yahoo.com
  
  Factors ranging from machinery pricing to lower overheads spending helped Deere report a much smaller-than-expected decline in quarterly earnings, CFO Raj Kalathur said on a conference call. "It was all kind of internal - either pricing or cost cutting," said Jefferies analyst Stephen Volkmann.
  
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• UPDATE 1-France's Vinci files complaint after hoax report

  23-11-2016 20:37
  
  * French regulator AMF has launched a probe(Combines Vinci and AMF statements)
  
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• Mobile masts giant Arqiva telegraphs £5bn sale plan

  23-11-2016 20:30 via news.yahoo.com
  
  Britain's biggest independent operator of telecommunications towers has begun secret preparations for a £5bn sale that would mean ditching a long-awaited London stock market listing. Sky News has learnt that Arqiva, which is owned by a consortium of financial investors, is close to hiring bankers to advise on discussions with potential buyers. The company has more than 8000 sites across the UK‎, with its mobile masts used by customers including EE, O2 and Vodafone.
  
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• Fed policymakers confident of need for rate hikes on eve of Trump win

  23-11-2016 20:06 via news.yahoo.com
  
  By Jason and Lange WASHINGTON, Nov 23 (Reuters) - Federal Reserve policymakers appeared confident on the eve of the U.S. presidential election that the economy was strengthening enough to warrant interest rate increases soon, minutes from the Fed's Nov. 1-2 meeting showed. The minutes released on Wednesday back the consensus view on Wall Street that the Fed is poised to raise rates in December. Policymakers left borrowing costs unchanged earlier this month, just days before Republican Donald Tru
  
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• CORRECTED-UPDATE 4-Lilly's drug for Alzheimer's fails big trial; shares drop

  23-11-2016 19:49
  
  Nov 23 (Reuters) - Eli Lilly and Co said its
  experimental Alzheimer's treatment failed to slow the loss of
  mental functioning in patients with mild symptoms, a major
  setback for the company and...
  
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• China’s Market News: PBOC Tightens Monetary Policy through OMO in Late 2016

  23-11-2016 19:33
  China’s Central Bank keeps the benchmark interest rates unchanged; however, its open market operations (OMO) reveal that the regulator has been tightening monetary policy.
  
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• Gold Prices in Freefall as U.S. Dollar Rally Stretches

  23-11-2016 19:31
  Prices have broken below a key support zone leaving gold vulnerable for further losses. Here are the updated targets & invalidation levels that matter.
  
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• Here’s the Problem With Trump’s Plan to Bring Offshore Cash Back to the US

  23-11-2016 19:24 via news.yahoo.com
  
  To the surprise of many analysts, the stock market’s reaction to the election of Donald Trump has been overwhelmingly positive, with the Dow Jones Industrial Average and the S&P 500 surging to all-time highs.
  
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• GBP/JPY Technical Analysis: Bullish and Bursting to 4-Month Highs

  23-11-2016 19:08
  GBP/JPY has rallied by more than 1,300 pips in just over two weeks. With the prospect of continued divergence between GBP and JPY, this is a trend that traders may want to keep an eye on.
  
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• Vinci says filing legal complaint after hoax report

  23-11-2016 18:57
  
  PARIS, Nov 23 (Reuters) - French construction company Vinci
  said on Wednesday it had decided to file a legal
  complaint against the unknown person or organisation responsible
  for a fake announcement...
  
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• Industrials lift Dow to record, techs drag S&P and Nasdaq

  23-11-2016 18:53 via news.yahoo.com
  
  The S&P 500 industrial sector rose 0.52 percent to a record high, helped by a report that showed a strong jump in orders for durable goods in October due to demand for machinery and other equipment. The industrial sector had risen 6.7 percent since the U.S. election on bets that President-elect Donald Trump's policies such as higher spending on infrastructure would benefit the industry. The S&P and the Nasdaq were dragged down by declines in index-heavyweights Microsoft , Alphabet , Face
  
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• BUZZ-QAD Inc: Hits record high after strong results

  23-11-2016 18:46
  
  ** Cloud-based software provider's shares rise as
  much as 11.6 pct to hit record high of $28.85
  
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• Gold Prices Stage Significant Support Break: Buyers Beware

  23-11-2016 18:29
  Gold prices broke through a big level this morning, and with the 'reflation' trade getting further priced-in, more pain may follow.
  
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• UPDATE 4-Generali to exit weaker markets, cut costs

  23-11-2016 18:12
  
  * Shares among worst performers in STOXX 600(Adds CFO comments, shares)
  
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• Britain's FTSE ends little changed, housebuilders skid

  23-11-2016 18:10
  
  * Thomas Cook rises to highest since May(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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• EUR/JPY Technical Analysis: Confluence Awaits at the 120.00 ’Decision Level’

  23-11-2016 17:29
  Yen weakness is showing prominently against many currencies, the Euro included. But an ECB meeting in December may pose challenges to the continued top-side advance in EUR/JPY.
  
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• FTSE hit by commodity reversal

  23-11-2016 17:02 via rocketnews.com
  
  By Alistair Smout
  LONDON (Reuters) – Britain’s top share index fell on Wednesday, hit by a reversal in mining and energy stocks as Wall Street snapped its recent runs of record highs and a rally in commodities ended.
  The session was choppy, with individual sectors swinging as finance minister Philip Hammond outlined his policies in what was the biggest economic update since Britain voted in June to leave the European Union.
  The FTSE 100 index was down 0.4 percent by 1511 GMT, with m
  
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• Healthcare stocks drag Wall Street lower

  23-11-2016 17:01 via news.yahoo.com
  
  U.S. stocks dipped on Wednesday as a drop in the healthcare sector took the shine off a post-election rally that had powered Wall Street to record levels. Healthcare stocks, which had a sharp run higher following the election, fell 1.4 percent, dragged down by Eli Lilly after the company said it would stop developing its Alzheimer's drug following a trail failure. Biogen dropped 6.2 percent, while Axovant fell 5.2 percent.
  
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• Britain's FTSE hit by commodity reversal

  23-11-2016 17:00 via rocketnews.com
  
  * FTSE 100 down 0.4 pct
  * Estate agents slump on fee clampdown plans
  * Housebuilders, utilities choppy after Autumn Statement
  * Thomas Cook (Frankfurt: A0MR3W – news) rises to highest since May (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)
  By Alistair Smout
  LONDON, Nov 23 (Reuters) – Britain’s top share index fell on Wednesday, hit by a reversal in mining and energy stocks a
  
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• USD/CHF Technical Analysis: Breaking the Range with Reckless Abandon

  23-11-2016 16:26
  After spending much of the past six months in a range-bound condition, USD/CHF is breaking out as rampant Dollar strength permeates through global markets.
  
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• Deere earnings beat estimates but outlook downbeat

  23-11-2016 16:15 via news.yahoo.com
  
  Deere & Co reported a much smaller-than-expected decline in quarterly earnings on Wednesday after it cut costs and raised prices to compensate for sluggish demand for its agricultural and construction equipment, and its shares jumped more than 10 percent. The outlook "tells you that the global farm recession will continue," Argus Research analyst Bill Selesky said. Net income attributable to Deere fell to $285.3 million, or 90 cents per share, in the fourth quarter ended on Oct. 31 from $351
  
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• UK Autumn Statement Underwhelms, Pound Impact May Be Limited

  23-11-2016 16:10
  The UK Autumn Budget Statement saw growth forecasts cut and public borrowing projected to rise, but this may have only a limited impact on the British Pound.
  
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• Greenback Breakout: EUR/USD, USD/JPY, Gold Prices Making Major Moves

  23-11-2016 15:57
  The rampant run of Dollar-strength continues, and this is bringing on fresh breakouts in major markets like EUR/USD, USD/JPY and Gold.
  
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• Wall Street set for flat open a day after hitting records

  23-11-2016 14:58 via news.yahoo.com
  
  Wall Street was poised for a quiet open on Wednesday, a day after the post-election rally powered major indexes to record highs as investors bet that the next U.S. government's policies would be more market friendly. Healthcare stocks had also weighed on Wall Street on Tuesday, but that did not prevent the three main U.S. indexes from hitting intraday highs and closing at record levels for the second straight day. "People are in a holiday mindset today, but nothing appears to be in the horizon t
  
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• British Pound Rallies as Autumn Statement Reveals New Fiscal Stimulus

  23-11-2016 14:56
  The British Pound, alongside higher UK Gilt yields, is pushing higher this morning as UK Chancellor of the Exchequer Phillip Hammond presents the UK mini-budget to UK Parliament.
  
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• Silver Prices: Reversal Day Points to Drop Towards Target

  23-11-2016 13:53
  Bearish bar yesterday in the middle of an air pocket should lead the metal towards the 16/15.80 mark.
  
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• Stock market rally fades ahead of US holiday

  23-11-2016 13:41 via news.yahoo.com
  
  The rally in global stock markets, which saw the Dow close above 19,000 for the first time, petered out on Wednesday as investors prepared for a holiday in the U.S. KEEPING SCORE: Britain's FTSE 100 rose ...
  
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• Deere quarterly earnings beats estimates even as sales remain sluggish

  23-11-2016 13:39 via news.yahoo.com
  
  Reuters) - Deere & Co posted better-than-expected quarterly earnings on Wednesday, even as a global farm recession and weak construction equipment markets kept heavy machinery sales slow.
  
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• Futures flat a day after Wall Street hits records

  23-11-2016 13:33 via news.yahoo.com
  
  (Reuters) - U.S. stock index futures were little changed on Wednesday, a day after the post-election rally powered the Dow past the 19,000 mark as investors bet that the next U.S. government's policies would be more market friendly.
  
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• Investors trade on policy split between U.S. and Europe

  23-11-2016 13:21 via news.yahoo.com
  
  By John Geddie LONDON (Reuters) - European shares dipped and German bond yields briefly touched record lows on Wednesday, a contrast with the buoyant mood on Wall Street as investors focused on diverging growth and interest rate prospects in Europe and the United States. U.S. stocks were set to hold on to gains after the Dow closed above 19,000 for the first time on Tuesday , with investors anticipating a growth boost under President-elect Donald Trump and a rate hike from the Federal Reserve -
  
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• Gold Prices to Look Past FOMC Minutes with "Trump Trade" in Focus

  23-11-2016 12:24
  Gold prices are likely to look past minutes from November’s FOMC meeting as the likely implications of the US presidential election continue to preoccupy investors.
  
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• Dow 19,000: Will the Fed’s Coming Rate Hikes Kill This Bull Market?

  23-11-2016 11:45 via news.yahoo.com
  
  The last time all four major stock market averages hit new highs at the same time was December 31, 1999. Wall Street could hardly be more excited as it looks ahead to the fiscal stimulus it expects to see from a Trump administration. Never mind that a large percentage of the equity market isn't participating in the advance.
  
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• Slower emerging markets hit Rocket's Global Fashion revenue

  23-11-2016 11:38 via news.yahoo.com
  
  Revenue growth at emerging markets-focused retailer Global Fashion Group (GFG), which is backed by investors Kinnevik of Sweden and Germany's Rocket Internet, slowed in the third quarter although its losses narrowed. GFG said on Wednesday net revenue in constant currency terms rose by 16 percent to 250 million euros ($266 million) in the quarter, less than half the 36.6 percent rise it achieved during the first half of the year. GFG is seen as one of Rocket's most likely candidates for an eventu
  
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• EUR/USD Little Changed Despite Upbeat Eurozone PMI Data

  23-11-2016 11:22
  The Euro was little-changed despite PMI data showing economic growth accelerated at its fastest rate yet in 2016 and inflationary pressures at their highest levels in five years.
  
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• Global Markets - Investors play policy split between U.S. and Europe

  23-11-2016 10:38 via news.yahoo.com
  
  By John Geddie LONDON (Reuters) - Financial markets showed the diverging path of U.S. and euro zone monetary policy on Wednesday with Wall Street breaking new ground and the dollar perched near a 14-year high, as German bond yields plumbed new record lows. World stocks edged up and the Dow closed above 19,000 for the first time with investors expecting a growth boost under the policies of U.S President-elect Donald Trump and an imminent rate hike from the Federal Reserve that should be reinforce
  
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• Investors play policy split between U.S. and Europe

  23-11-2016 10:26 via news.yahoo.com
  
  By John Geddie LONDON (Reuters) - Financial markets showed the diverging path of U.S. and euro zone monetary policy on Wednesday with Wall Street breaking new ground and the dollar perched near a 14-year high, as German bond yields plumbed new record lows. World stocks edged up and the Dow closed above 19,000 for the first time with investors expecting a growth boost under the policies of U.S President-elect Donald Trump and an imminent rate hike from the Federal Reserve that should be reinforce
  
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• DAX: Consolidating Below Major Resistance

  23-11-2016 09:55
  The German index is holding key slope support, consolidating below important resistance surrounding 10800.
  
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• Most Asia markets extend gains after Wall St surge

  23-11-2016 09:48 via news.yahoo.com
  
  Most Asian markets rose again Wednesday, tracking a record close on Wall Street, while the dollar held onto its gains against the yen on expectations of a US interest rate rise.
  
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• MIDEAST STOCKS-Saudi shares advance, rest of region quiet

  23-11-2016 09:04 via news.yahoo.com
  
  DUBAI, Nov 23 (Reuters) - Saudi Arabia's stock market extended gains in early trade on Wednesday, outperforming regional markets where local retail investors were the main participants. Riyadh's index added 1 percent in the first 45 minutes of trade, inching closer to technical resistance at the July peak of 6,703 points. Petrochemicals and banking stocks, which have been outperforming other sectors over the past month, strengthened. Saudi Basic Industries added 1.2 percent while Banque Saudi Fr
  
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• Strong U.S. Durable Goods Orders to Fuel EUR/USD Losses

  23-11-2016 09:00
  EUR/USD stands at risk for further losses should the U.S. Durable Goods Orders report highlight and improved outlook for growth and inflation.
  
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• British Pound Under Pressure as UK Budget Statement Looms Ahead

  23-11-2016 08:48
  The British Pound fell for a second day ahead of the UK Autumn Budget Statement. Bets on a lackluster fiscal boost may be driving a dovish shift in the BOE outlook.
  
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