Analyst news

• Gold Prices Are Dropping Like a Rock: Support as Mere Speed-bumps

  30-11-2016 21:37
  The downside move in Gold has run by -12.26% since the highs on the night of the election, and with little reason for the Fed to go dovish anytime soon, more pain may follow.
  
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• China’s Market News: Offshore Investors Reduce Yuan Holdings on Weaker Rates

  30-11-2016 21:15
  In October, Yuan deposits shrank in two major offshore markets, Hong Kong and Taiwan.
  
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• S&P 500 edges lower; tech, utility losses offset energy rally

  30-11-2016 21:06 via news.yahoo.com
  
  The S&P 500 and Nasdaq fell in afternoon trading on Wednesday as losses in technology shares and big dividend payers, including utilities, offset sharp gains in the energy sector. News that OPEC agreed to cut production drove U.S. oil prices up 9.3 percent, causing the S&P 500 energy index to rally 5.1 percent and bond yields to jump. The S&P utility index was down 2.7 percent, while shares of AT&T fell 1.7 percent.
  
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• EUR/JPY Technical Analysis: ’Decision Level’ is Now Support for Re-Entry

  30-11-2016 20:54
  EUR/JPY encountered a significant resistance level last week, and this morning's breakout finally saw price action eclipse this level. Now it can be re-purposed for support and re-entries.
  
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• UPDATE 2-French drugs agency suspends Carmat heart implants

  30-11-2016 20:32
  
  PARIS, Nov 30 (Reuters) - France's national drugs agency
  said on Wednesday it had ordered artificial heart maker Carmat
  to suspend further implants after a fifth patient
  died in October.
  
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• Argentina's Decolar.com, banks in Nasdaq IPO talks, sources say

  30-11-2016 20:27 via news.yahoo.com
  
  By Tatiana Bautzer, Guillermo Parra-Bernal and Liana B. Baker SAO PAULO/SAN FRANCISCO (Reuters) - Online travel agency Decolar.com Inc, one of Latin America's few so-called unicorns, has held preliminary talks with investment banks for a U.S. listing on Nasdaq in the second half of 2017, three people with knowledge of the plan said. New York-based investment firm Tiger Global Management LLC, which owns 60 percent of Decolar.com, is spearheading the plan on the understanding that the 17-year-old
  
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• USD/CHF Technical Analysis: Grinding-Higher, but Resistance Imposing

  30-11-2016 20:17
  While the range in Swissy may no longer be alive, resistance sure is. Three major resistance levels are sitting within 150 pips above current price action.
  
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• India’s Rupee Faces Further Weakness As Demonetisation Trumps GDP

  30-11-2016 19:32
  The Reserve Bank of India is under pressure to announce a further 0.25% rate cut next week after Indian third-quarter GDP print misses estimates.
  
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• GBP/JPY Technical Analysis: Turning Trends Like a Rolling Stone

  30-11-2016 19:31
  GBP/JPY has seen quite the reversal of fortunes over the past two months; watching what was previously a 'race to the bottom' turn into a rip-roaring up-trend.
  
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• Continued Brazil GDP Slump Threatens further Rate Cuts, Real Slide

  30-11-2016 19:23
  The Banco Central do Brasil, is widely expected to cut interest rates by a further 25 basis points to 13.75% when it meets next Wednesday after extend Brazil’s recession
  
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• FANNIE MAE, FREDDIE MAC COMMON STOCKS RISE ABOVE $4 A SHARE FOR FIRST TIME SINCE AUGUST 2014

  30-11-2016 19:14
  
  FANNIE MAE, FREDDIE MAC COMMON STOCKS RISE ABOVE $4 A SHARE FOR
  FIRST TIME SINCE AUGUST 2014
  
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• Oil, bank stocks send S&P, Dow to record highs

  30-11-2016 19:03 via news.yahoo.com
  
  Energy-related stocks were the top 20 percentage gainers on the S&P 500 index. "I suspect this move in oil is probably temporary and may not last very long, but it is giving a boost to the market," said Randy Frederick, vice president of trading and derivatives at Charles Schwab. November is set to be Wall Street's best month since March, with the markets rallying on Donald Trump's victory in the U.S. presidential election.
  
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• OPEC Reaches Deal To Cut Production; Brent Crude Jumps Over 12%

  30-11-2016 18:45
  OPEC members meeting in Vienna reached a decision to cut production beginning January 2017.
  
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• Takeda's talks to acquire Valeant's Salix stall: sources

  30-11-2016 18:37 via news.yahoo.com
  
  (Reuters) - Takeda Pharmaceutical Co Ltd's negotiations to acquire Valeant Pharmaceuticals International Inc's Salix stomach-drug business have stalled over price disagreements, people familiar with the matter said on Wednesday. Shares of Valeant were down more than 8 percent at $15.71 on Wednesday after the Wall Street Journal reported that the talks had broken down. A deal for Salix would help Valeant trim the large debt pile it accumulated through aggressive acquisitions.
  
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• GBP/USD Technical Analysis: Bouncing in a Fibonacci-Based Range

  30-11-2016 18:31
  The Cable is one of the few Dollar pairs not currently showing exuberant U.S. Dollar strength. Might this outlier be deducitvely showing us something?
  
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• Surging oil price pushes Britain's FTSE higher

  30-11-2016 18:21
  
  * Ashtead, Zoopla, RPC hit record highs(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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• Goldman shares hit highest level since financial crisis in post-election rally

  30-11-2016 18:19 via news.yahoo.com
  
  Goldman was the biggest driver for the Dow Jones Industrial Average, adding 56.2 points out of a net gain of 66.6 points for the index. Goldman, like other Wall Street firms, has seen its stock soar after the Nov. 8 election, as investors expect banks to see benefits from rising interest rates and lighter regulation under a Donald Trump presidency. Deutsche Bank on Tuesday hiked its price target for Goldman to $255 from $180, saying a stronger economy would bode well for the bank's businesses li
  
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• UPDATE 1-Goldman shares hit highest level since financial crisis in post-election rally

  30-11-2016 18:16
  
  Nov 30 (Reuters) - Shares of Goldman Sachs Group Incon Wednesday climbed to their highest levels since the financial
  crisis, as the bankbenefited from a post-U.S. presidential
  election rally.
  
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• Oil price rally helps Britain's FTSE edge higher

  30-11-2016 17:57
  
  LONDON, Nov 30 (Reuters) - Britain's top share index rose
  slightly on Wednesday, led by rebounding energy stocks as oil
  prices jumped after a deal to curb global oversupply, though
  banking stocks...
  
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• Decolar.com in talks with banks for Nasdaq IPO: sources

  30-11-2016 17:42 via news.yahoo.com
  
  By Tatiana Bautzer, Guillermo Parra-Bernal and Liana B. Baker SAO PAULO/SAN FRANCISCO (Reuters) - Buenos Aires-based online travel agency Decolar.com Inc has held preliminary talks with investment banks for a U.S. listing on Nasdaq in the second half of 2017, three people with knowledge of the plan said. New York-based hedge fund Tiger Global Management LLC, which owns 60 percent of Decolar.com, is spearheading the plan on the understanding that the 17-year-old company is sufficiently establishe
  
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• U.S. private jobs, consumer spending data support Fed rate hike

  30-11-2016 17:18 via news.yahoo.com
  
  U.S. private employers stepped up hiring in November and consumer spending increased last month, the latest signs of economic strength that could further cement the case for an interest rate hike from the Federal Reserve next month. Stocks on Wall Street generally rose, with both the Dow Jones industrial average and the S&P 500 index hitting record intraday highs.
  
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• CORRECTED-UPDATE 1-Fannie, Freddie need to get out of government ownership -Mnuchin

  30-11-2016 16:40
  
  Nov 30 (Reuters) - Mortgage finance companies Fannie Mae
  and Freddie Mac should no longer be owned by
  the U.S. government, Treasury Secretary nominee Steven Mnuchin
  said on Wednesday.
  
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• GoPro to cut 15 percent of workforce amid sales slump

  30-11-2016 16:07 via news.yahoo.com
  
  Wearable action-camera maker GoPro Inc said on Wednesday it would cut about 15 percent of its workforce and shutter its entertainment business, as the one-time Wall Street favorite cuts costs to help it return to profitability. The company said on Wednesday it would cut about 200 full-time positions, cancel open positions and close its entertainment division, which makes original content. GoPro said the cost-cutting would help it achieve its goal of returning to profitability on an adjusted basi
  
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• S&P, Dow hit record highs as oil, bank stocks gain

  30-11-2016 16:06 via news.yahoo.com
  
  Shares of oil majors Exxon and Chevron rose more than 2 percent and were the top stocks on the S&P and the Dow. The S&P 500 energy index rose 3.65 percent as oil prices were on track for their best day since February. November is set to be Wall Street's best month since March, with the markets rallying on Donald Trump's victory in the U.S. presidential election.
  
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• UPDATE 2-GoPro to cut 15 pct of workforce amid sales slump

  30-11-2016 16:04
  
  Nov 30 (Reuters) - Wearable action-camera maker GoPro Inc
  said on Wednesday it would cut about 15 percent of its
  workforce and shutter its entertainment business, as the
  one-time Wall Street...
  
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• Dow opens at record high as oil prices surge

  30-11-2016 15:46 via rocketnews.com
  
  A specialist trader works at his post on the floor of the New York Stock Exchange (NYSE) in New York City, NY, U.S. November 23, 2016. REUTERS/Brendan McDermid
  More(Reuters) – The Dow opened at a record high as oil prices surged after the world’s largest oil producers agreed to curb oil output for the first time since 2008.
  The Dow Jones industrial average was up 67.52 points, or 0.35 percent, at 19,189.12, the S&P 500 was up 2.36 points, or 0.11 percent, at 2,207.02 and the Nasd
  
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• OPEC Cuts Production, USD Running in a Bull Flag Formation

  30-11-2016 15:27
  It's been a busy morning already for markets as news of an OPEC deal has driven price action in Oil. An announcement later in the morning will provide some context that can continue to drive volatility.
  
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• Is Sage Group plc or Biffa plc the better investment after today’s results?

  30-11-2016 15:25 via news.yahoo.com
  
  Is the established Sage Group plc (LON: SGE) or stock market newcomer Biffa plc (LON: BIFF) the better investment?
  
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• Rocket Internet narrows losses but growth stalls

  30-11-2016 15:05 via news.yahoo.com
  
  By Emma Thomasson BERLIN (Reuters) - German e-commerce investor Rocket Internet reined in losses at its main start-ups in the third quarter but revenue growth slowed at meal box delivery business HelloFresh and online furniture site Home24. Founded in Berlin in 2007, Rocket has built up dozens of businesses, ranging from fashion e-commerce to food delivery, in an attempt to replicate the success of Amazon and Alibaba in new markets. As it seeks to prepare the start-ups for stock market listings
  
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• GoPro to cut 15 percent of workforce, close entertainment unit

  30-11-2016 14:50 via news.yahoo.com
  
  (Reuters) - Wearable action camera maker GoPro Inc said it would cut about 15 percent of its workforce and shut down its entertainment business, as the one-time Wall Street favourite looks to lower costs and return to profitability. GoPro has been struggling with slowing sales of its wearable action cameras and the recall of its recently launched Karma drones. The company said on Wednesday it will cut about 200 full-time positions, cancel open positions and shut down its entertainment division,
  
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• French probe on Muddy Waters/Casino spat seen lasting few more months

  30-11-2016 14:32 via news.yahoo.com
  
  By Dominique Vidalon and Matthieu Protard PARIS (Reuters) - France's AMF stock market watchdog is in the midst of a formal investigation into criticism made by U.S. research firm Muddy Waters against French retailer Casino which should last a few more months, said a source close to the matter. The AMF is conducting in-depth investigations on a complex matter. Officials at Muddy Waters could not be immediately reached for comment.
  
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• U.S. stock futures rise on optimism of big OPEC output cut

  30-11-2016 13:58 via news.yahoo.com
  
  Oil prices jumped 8.4 percent after Saudi Arabia's energy minister said the OPEC and other producers, gathered in Vienna, were close to a deal. Exxon Mobil's shares rose 1.8 percent premarket, while Chevron and Schlumberger were up more than 2.3 percent. Wall Street is on track for its best month since March, riding on a record rally that was sparked by Donald Trump's victory of the U.S. presidential election.
  
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• US Dollar Ready for More Gains versus Yen, Gold

  30-11-2016 13:50
  USD/JPY and Gold are moving in lockstep again thanks to higher US real yields.
  
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• Stellar German Retail Sales, Mediocre CPI Fail To Enthuse Frail Euro

  30-11-2016 13:20
  German retail sales beat forecasts, and unemployment continues to fall, but the Euro remains in its bearish downtrend.
  
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• U.S. funds favour equities on hopes of fiscal stimulus - poll

  30-11-2016 13:13 via news.yahoo.com
  
  U.S. funds increased equity allocations to a 16-month high in November on expectations that fiscal stimulus from President-elect Donald Trump will boost stocks, a Reuters poll found. U.S. stocks have risen sharply since Trump's shock election victory earlier this month - Wall Street's four main equity indexes hit record highs last week. The survey of 13 fund managers, conducted Nov 16-29, showed equity allocations in a model global portfolio rose to 52.8 percent from 51.3 percent, the highest si
  
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• GBP/USD Shrugs Off Gloomy Bank of England Financial Stability Report

  30-11-2016 13:10
  GBP/USD held its ground Wednesday despite a Bank of England Financial Stability Report that warned of ‘elevated’ risks to stability in the wake of the UK’s Brexit vote to leave the EU.
  
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• U.S. funds favor equities on hopes of fiscal stimulus: Reuters poll

  30-11-2016 13:08 via news.yahoo.com
  
  U.S. stocks have risen sharply since Trump's shock election victory earlier this month - Wall Street's four main equity indexes hit record highs last week. The survey of 13 fund managers, conducted Nov 16-29, showed equity allocations in a model global portfolio rose to 52.8 percent from 51.3 percent, the highest since July 2015.
  
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• UPDATE 3-Linde considers fresh merger overture from Praxair

  30-11-2016 12:28
  
  * Linde supervisory board to convene Dec. 7 - source(Adds board meeting, shares, analyst comment)
  
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• Rising oil price pulls Britain's FTSE higher

  30-11-2016 11:23
  
  LONDON, Nov 30 (Reuters) - Britain's top share index rose on
  Wednesday, led by rebounding energy stocks as oil prices jumped
  on hopes of a deal to curb global oversupply, though banking
  stocks...
  
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• Crude Oil Prices Swing Wildly Before Key OPEC Meeting

  30-11-2016 11:04
  Crude oil prices posted the largest drop in a month only to erase all of the move overnight as jittery markets waited for the outcome of a much-anticipated OPEC meeting.
  
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• DAX Technical Outlook: Short-term Trading Levels

  30-11-2016 10:27
  Choppy trading environment leaving opportunities only for the nimble trader, 60-minute chart in view today.
  
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• Trump tapping Washington, Wall Street veterans for top jobs

  30-11-2016 09:31 via news.yahoo.com
  
  WASHINGTON (AP) — President-elect Donald Trump is tapping conservatives with deep ties to Washington and Wall Street to fill out key Cabinet roles as he continues to deliberate over his secretary of state.
  
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• Steller Canada GDP Report to Propel USD/CAD Pullback

  30-11-2016 09:00
  A marked picked in Canada GDP may generate a larger pullback in USD/CAD as signs of stronger growth raises the BoC’s scope to gradually move away from its easing-cycle.
  
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• British firm Britvic posts higher earnings on Brazil expansion

  30-11-2016 08:51 via news.yahoo.com
  
  (Reuters) - British soft drinks firm Britvic said its full-year adjusted EBITA rose 8.4 percent, mainly as the company expanded its business in Brazil and on better sales in the UK. Sales in Britain, which accounted for nearly two-thirds of Britvic's total revenue in the third quarter, rose about 3 percent, helped by strong demand for Pepsi, Pepsi Max, 7UP and Tango brands among its carbonates. The Robinsons squash maker, whose main markets are Britain, Ireland and France, said it earned pre-exc
  
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• MIDEAST STOCKS-Gulf mixed in early trade before OPEC decision

  30-11-2016 08:30 via news.yahoo.com
  
  Saudi Arabia's stock market edged up in early trade on Wednesday while other Gulf bourses were mixed ahead of an OPEC decision expected late in the day on proposed oil production cuts to prop up prices. Most analysts believe the Organization of the Petroleum Exporting Countries will cobble together a deal to reduce some production at its meeting on Wednesday in Vienna, which starts at 1000 GMT. Saudi Arabian Mining Co (Ma'aden) surged 2.5 percent after announcing a 24 billion riyal ($6.4 billion
  
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• US Dollar May Rise on Data But OPEC, Cabinet News Cloud Outlook

  30-11-2016 07:21
  The US Dollar may try to recover if upbeat data boost Fed rate hike bets but OPEC and Trump cabinet appointment headlines are potent volatility risks.
  
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• Most Asian markets in the green following an increase in oil prices

  30-11-2016 07:03 via news.yahoo.com
  
  While most Asian stock market indices were trading higher on Wednesday (30 November), the Shanghai Composite was down 0.91% at 3,253.21 as of 5.14am GMT. This follows an increase in oil prices amid hopes that the meeting of the Organization of Petroleum Exporting Countries (Opec) will lead to a decline in future oil production.
  
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• Asia stocks up, dollar rally pauses in relief for emerging markets

  30-11-2016 05:14 via news.yahoo.com
  
  By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks rose to three-week highs on Wednesday, supported by gains on Wall Street and growing expectations the dollar may be peaking after a hefty rally since the U.S. election pulled funds out of emerging markets. A six percent rise in the dollar against a trade-weighted basket of currencies since Republican Donald Trump's upset U.S. election win has hammered emerging markets, as investors pulled money out in favor of U.S. dollar-based assets on be
  
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• Aussie Dollar Focused on Housing As China Consumer Poll Slips

  30-11-2016 04:27
  Chinese consumers were a little gloomier in November, after a run of cheerier surveys since August, but the Australian Dollar’s focus was elsewhere.
  
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• British Pound Slips As GfK Finds UK Consumers Gloomy

  30-11-2016 03:26
  The Christmas spirit has yet to descend on UK consumers according to a closely watched survey which found them as gloomy as they have been since the Brexit vote.
  
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