Analyst news

• Technical Weekly: Dollar and Yields - Too Far Too Fast

  02-12-2016 23:04
  2 weeks ago, it looked like EUR/USD was about to go off of a cliff. Many a cliché would work here; it’s always darkest before dawn comes to mind. Anyway, a doji formed during Thanksgiving week and EUR/USD held the doji low this week.
  
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• Wall Street Week Ahead - Small banks rally pauses but may not be over yet

  02-12-2016 22:41 via news.yahoo.com
  
  By Sinead Carew and Chuck Mikolajczak NEW YORK (Reuters) - The rally in regional U.S. bank stocks that followed last month's election of Donald Trump may not be over, but investors may have to wait for policy to take shape for the massive move to extend further. The S&P 600 index of small-cap banks has surged more than 20 percent since Trump's surprise Nov. 8 victory, while their large-cap peers on the S&P 500 index have jumped over 17 percent. Smaller lenders could potentially add as mu
  
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• EXCLUSIVE-U.S. networking company Ixia explores sale -sources

  02-12-2016 22:28
  
  Dec 2 (Reuters) - Ixia, a U.S. provider of
  equipment and applications that help maintain computer networks,
  is exploring a potential sale, people familiar with the matter
  said on Friday.
  
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• Wall Street little changed as bank rally pauses

  02-12-2016 22:13 via news.yahoo.com
  
  A U.S. Labor Department report showed employers in private and public sectors hired more people last month than economists had expected, further strengthening expectations of a hike when the U.S. central bank meets Dec. 13 and 14. "If it is in the high one hundred (thousands) on payrolls then everybody is pretty much just yawning at it," said Jeff Weniger, senior strategist at BMO Private Bank in Chicago.
  
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• A Profile for Euro Traders on the Italian Referendum

  02-12-2016 21:45
  Why exactly has a vote on the peculiarities of Italy’s uncharacteristic parliamentary system become a proxy vote on Italy’s membership of the Euro-Zone? We take a look.
  
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• Here Are the CEOS and Wall Street Titans Trump Will Turn to for Advice

  02-12-2016 20:48 via news.yahoo.com
  
  As President-elect Donald Trump looks to “Make America Great Again,” he’ll be relying on advice from a who’s who of Wall Street titans and corporate executives, including his picks for Treasury and Commerce secretaries, Steve Mnuchin and Wilbur Ross. “My administration is committed to drawing on private sector expertise and cutting the government red tape that is holding back our businesses from hiring, innovating, and expanding right here in America,” Trump s
  
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• Wall Street edges lower as banks lose steam

  02-12-2016 20:41 via news.yahoo.com
  
  (Reuters) - U.S. stocks edged lower on Friday after a payrolls report did little to alter expectations for an interest rate hike from the Federal Reserve this month and bank stocks cooled for a second straight session.
  
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• UPDATE 1-Becton Dickinson wins reversal of $340 mln syringe award

  02-12-2016 20:16
  
  Dec 2 (Reuters) - A federal appeals court on Friday threw
  out an antitrust verdict that ordered medical device maker
  Becton Dickinson and Co to pay rival Retractable
  Technologies Inc $340 million in...
  
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• Fed's Tarullo warns against 'backsliding' on bank regulations

  02-12-2016 19:46 via news.yahoo.com
  
  U.S. banking regulators must defend tough rules governing Wall Street and resist efforts to dilute regulations that might prevent a future financial crisis, Federal Reserve Governor Daniel Tarullo said on Friday. "It is critical that we not forget our still quite recent history," Tarullo told a meeting of financial market researchers in Washington, referring to the 2008 housing bust that pushed global financial markets to near-collapse.
  
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• S&P, Nasdaq set to snap two-day losing streak

  02-12-2016 19:05 via news.yahoo.com
  
  Major Wall Street indexes have hit a series of record highs over the past three weeks, sparked by Donald Trump's victory in the U.S. presidential election as investors bet that his policies would be market friendly. The S&P 500 financial index has risen 13 percent since the Nov. 8 vote, while industrials rose 7.5 percent. Health stocks, which surged in the days following the vote, have since shed most of their gains.
  
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• EXCLUSIVE - Trump financier Ladder Capital explores sale - sources

  02-12-2016 19:00 via news.yahoo.com
  
  By Carl O'Donnell (Reuters) - Ladder Capital Corp, a real estate investment trust which has bankrolled much of U.S. President-elect Donald Trump's property development, is exploring the possibility of a sale, according to people familiar with the matter. The move comes as Ladder grapples with new regulations making selling on mortgages more difficult. Founded in 2008, it has been one of the key lenders that Trump has turned to after his relations with major Wall Street banks soured following som
  
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• Britain's FTSE slips lower ahead of Italian referendum

  02-12-2016 18:36
  
  * Berkeley helps property stocks(Updates throughout with close)
  
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• Gold Prices Rise as US Dollar Stumbles on NFP Data

  02-12-2016 18:33
  US NFP data misses expectations, causing a rebound in Gold prices from current daily lows.
  
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• BRIEF-Monte dei Paschi shares close down 5.4 pct

  02-12-2016 17:41
  
  * Shares in the troubled bank close down 5.4 percentFurther company coverage:
  (Reporting by Milan newsroom)
  
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• BUZZ-Ambarella Inc: Biggest pct loss in more than 8 months

  02-12-2016 16:50
  
  ** Video processing chip maker's shares down as
  much as 9.53 pct at $55.5; biggest intraday pct loss in more
  than 8 months
  
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• S&P, Nasdaq rise after two days of losses; Dow slips

  02-12-2016 16:09 via news.yahoo.com
  
  The S&P 500 and the Nasdaq rose in morning trade on Friday, lifted by gains in consumer staples and utility stocks, while the Dow was weighed down by declines in bank shares. Industrial and banks stocks have been the biggest gainers of a post-election rally as investors expect these sectors to benefit the most from President-elect Donald Trump's policies. Since Nov. 8, the S&P 500 utilities index and the consumer staples index have been the worst performers, falling over 4.5 percent.
  
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• CAC 40 Holds Range to Close Out Week

  02-12-2016 15:54
  The CAC 40 continues its holding pattern and is set to close this weeks trading in an ongoing range.
  
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• Swiss Franc Moving Like Clockwork Despite Poor GDP Data

  02-12-2016 15:40
  Swiss GDP has stagnated, but the possibility of additional stimulus from the Swiss National Bank is limited.
  
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• Wall Street opens flat after strong jobs report

  02-12-2016 15:33 via rocketnews.com
  
  Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York City, NY, U.S. November 15, 2016. REUTERS/Lucas Jackson/Files
  MoreREUTERS – U.S. stocks opened little changed on Friday after a strong jobs report pointed to strength in the labor market and strengthened the case for an interest rate hike.
  The Dow Jones industrial average was down 18.9 points, or 0.1 percent, at 19,173.03, the S&P 500 was up 0.82 points, or 0.04 percent, at 2,191.
  
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• Mixed December US Jobs Report Gives Few New Reasons for USD Bulls

  02-12-2016 15:15
  It's tough to see how, barring a blowout, today's US labor data report could help the recently overtly bullish US Dollar.
  
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• Wall Street set to open lower after strong jobs data

  02-12-2016 14:46 via news.yahoo.com
  
  Wall Street was set to open lower on Friday after a strong jobs report strengthened the case for an interest rate hike in the coming weeks. A report from the U.S. Labor Department showed 178,000 jobs were added in the public and private sectors in November, compared with economists' expectation of 175,000. Strength in the labor market and improving inflation are two factors that influence the Federal Reserve's decision on raising interest rates.
  
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• GBP Ignores Positive Construction PMI, Waits for the Main Events

  02-12-2016 14:00
  Sterling little moved on UK construction data as markets prepare for the monthly US payrolls data and this weekend’s Italian referendum
  
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• Coal minister denies plan to split Coal India, sees no value

  02-12-2016 13:56 via news.yahoo.com
  
  By Devidutta Tripathy and Jatindra Dash BHUBANESWAR, India (Reuters) - Power and coal minister Piyush Goyal said on Friday there was no value in splitting up India's biggest coal producer Coal India Ltd and denied any plans to break it up. In a presentation seen by Reuters on Thursday, government officials recommend that Coal India - with a stock market valuation of $28 billion - should be broken up into seven companies, which they say would make it more competitive and efficient. The proposal,
  
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• India's coal minister denies plan to split Coal India, sees no value

  02-12-2016 13:51 via news.yahoo.com
  
  (Adds further quotes from minister, background) By Devidutta Tripathy and Jatindra Dash BHUBANESWAR, India, Dec 2 (Reuters) - India's power and coal minister Piyush Goyal said on Friday there was no value in splitting up India's biggest coal producer Coal India Ltd and denied any plans to break it up. In a presentation seen by Reuters on Thursday, government officials recommend that Coal India - with a stock market valuation of $28 billion - should be broken up into seven companies, which they s
  
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• UPDATE 1-Medical device maker Teleflex to buy Vascular Solutions for $1 bln

  02-12-2016 13:49
  
  Dec 2 (Reuters) - Teleflex Inc said on Friday it
  agreed to buy fellow medical device maker Vascular Solutions Inc
  for about $1 billion.
  
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• BRIEF-Monte Paschi shares suspended from trading after 5 pct drop

  02-12-2016 13:48
  
  * Shares are suspended from trading after falling 5 percentFurther company coverage:
  (Reporting by Milan newsroom)
  
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• Preview for November US NFPs and Outlook for US Dollar, FOMC

  02-12-2016 13:30
  It's tough to see how, barring a blowout, today's US labor data report could help the recently overtly bullish US Dollar.
  
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• Medical device maker Teleflex to buy Vascular Solutions for $1 bln

  02-12-2016 12:57
  
  Dec 2 (Reuters) - Medical device maker Teleflex Incsaid on Friday it agreed to buy Vascular Solutions Incfor about $1 billion.
  
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• South Africa's rand weaker ahead of S&P decision

  02-12-2016 11:43 via news.yahoo.com
  
  South Africa's rand weakened on Friday ahead of a review of its debt by S&P Global Ratings at a time its economy is struggling and the country is facing an ongoing power struggle within the ruling party. The government of Africa's most industrialised country's risks being downgraded to "junk" status - for the first time since 2000 - while it needs to borrow about 165 billion rand ($12 billion) this fiscal year to help plug its budget deficit. The Treasury warned last month that its borrowing
  
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• Britain's FTSE falls but outperforms Europe ahead of Italy vote

  02-12-2016 11:34
  
  LONDON, Dec 2 (Reuters) - Britain's top share index fell on
  Friday, dropping to a 1-month low but outperforming European
  equities as investors were unwilling to take risky bets heading
  into the...
  
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• The DAX Cracks, Targeting Post-Brexit Trend-line

  02-12-2016 10:25
  The DAX is breaking down below its recent channel, putting the trend-line from the June lows into focus.
  
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• EUR/GBP Technical Analysis: Pound Struggling to Extend Gains

  02-12-2016 10:11
  The Euro spiked down to the lowest level in three months against the British Pound but prices failed to secure a lasting break of a narrow congestion range.
  
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• Firm NFP Report to Undermine EUR/USD Recovery; Bear-Flag Takes Shape

  02-12-2016 09:00
  A 180K rise in U.S. Non-Farm Payrolls (NFP) may undermine the recent recovery in EUR/USD as it puts increased pressure on the FOMC to raise the benchmark interest rate.
  
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• EUR/USD Technical Analysis: Digesting Losses Near 1-Year Low

  02-12-2016 08:53
  The Euro has paused to digest losses against the US Dollar having found support after sliding to a one-year low above the 1.05 figure.
  
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• Shenzhen-HK stock link lets foreigners access China's booming tech firms

  02-12-2016 08:43 via news.yahoo.com
  
  By Saikat Chatterjee HONG KONG (Reuters) - A long-awaited link between China's booming Shenzhen stock market and neighboring Honk Kong goes live on Monday, allowing foreign investors first-time access to some of the fastest growing technology companies in the world's second biggest economy. The link comes two years after regulators approved the Shanghai-Hong Kong stock connect scheme and extends China's efforts to open up its vast capital markets even as it struggles to enforce curbs on speculat
  
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• US Dollar May Resume Advance on Upbeat Payrolls Data

  02-12-2016 08:35
  The US Dollar may take another leg upward if upbeat payrolls figures encourage further steepening of the 2017 Fed interest rate hike outlook.
  
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• South Africa's rand slightly firmer ahead of S&P review

  02-12-2016 08:20 via news.yahoo.com
  
  JOHANNESBURG (Reuters) - South Africa's rand firmed slightly in early trade on Friday, with investors cautious ahead of S&P Global Ratings review on the country's debt and a U.S. jobs report that could set the market's tone in a few days. * At 0645 GMT, the rand traded at 14.0675 per dollar, 0.23percent firmer from its New York close on Thursday. * "Investors are buying the rand in anticipation of a holdin rating and once it is out the way, we will see a possiblemove weaker as profits are lo
  
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• Asian shares drop, Treasury yields near high as markets brace for aggressive U.S. rate rises

  02-12-2016 07:42 via news.yahoo.com
  
  By Nichola Saminather SINGAPORE (Reuters) - Asian shares joined Wall Street and Europe in surrendering some recent gains on Friday, retreating on the possibility of faster-than-expected U.S. interest rate increases that boosted 10-year U.S. Treasury yields to an 18-month high overnight. Investors in Europe remain nervous ahead of a constitutional referendum in Italy and a presidential election in Austria this weekend. Yields for 10-year U.S. Treasuries pulled back to 2.4357 percent on Friday, af
  
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• Asia shares drop, Treasury yields near high as markets brace for aggressive U.S. rate rises

  02-12-2016 07:42 via news.yahoo.com
  
  By Nichola Saminather SINGAPORE (Reuters) - Asian shares joined Wall Street and Europe in surrendering some recent gains on Friday, retreating on the possibility of faster-than-expected U.S. interest rate increases that boosted 10-year U.S. Treasury yields to an 18-month high overnight. Investors in Europe remain nervous ahead of a constitutional referendum in Italy and a presidential election in Austria this weekend. Yields for 10-year U.S. Treasuries pulled back to 2.4357 percent on Friday, af
  
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• Asian markets slip following weak overnight close on Wall Street and FTSE

  02-12-2016 07:16 via news.yahoo.com
  
  Asian stock market indices were trading lower on Friday (2 December), with the Shanghai Composite down 0.78% at 3,247.66 as of 4.47am GMT, following weak overnight close on both Wall Street and FTSE.
  
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• Crude Oil Prices Vulnerable as US Jobs Data Interrupts OPEC Rally

  02-12-2016 06:35
  Crude oil prices may lose steam after the strongest two-day rally in 11 months as upbeat US jobs data boosts the US Dollar, slowing OPEC-inspired momentum.
  
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• Asia shares pare gains; Treasury yields, oil off highs

  02-12-2016 04:57 via news.yahoo.com
  
  By Nichola Saminather SINGAPORE (Reuters) - Asian shares lost some of their recent gains on Friday, after lacklustre sessions on Wall Street and Europe, while 10-year U.S. Treasury yields and crude futures pulled back from multi-month highs hit overnight. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.6 percent, but remained on track to end the week up 0.6 percent. Japan's Nikkei, which jumped to an 11-month high on Thursday, slipped 0.6 percent on Friday.
  
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• Aussie Dollar Gets Lift As Retail Sales Defy Gravity

  02-12-2016 03:55
  The Australian Dollar was saved from what might have been a torpid, pre-Nonfarm-Payrolls sort of a Friday by confirmation that you just can’t keep Aussie consumers out of the stores.
  
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• Asia flat following a weaker Wall Street as Treasury yields hit 16-month high

  02-12-2016 02:23 via news.yahoo.com
  
  MSCI's broadest index of Asia-Pacific shares outside Japan was little changed, but remained on track to end the week up 0.6 percent. Japan's Nikkei , which jumped to an 11-month high on Thursday, slipped 0.6 percent early on Friday as the yen strengthened. The strong data boosted the case for higher interest rates, expectations for which have already jumped on promises of fiscal stimulus from the incoming Trump administration and rising oil prices, both potential contributors to inflation.
  
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• Asian shares flat following a weaker Wall Street as Treasury yields hit 16-month high

  02-12-2016 02:21 via news.yahoo.com
  
  By Nichola Saminather SINGAPORE (Reuters) - Asian shares were flat in early trade on Friday following mostly sluggish sessions on Wall Street and Europe, as 10-year U.S. Treasury yields surged to near 18-month highs and crude futures soared to 16-month highs. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed, but remained on track to end the week up 0.6 percent. Japan's Nikkei , which jumped to an 11-month high on Thursday, slipped 0.6 percent early on Friday as the y
  
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• Asia flat following a weaker Wall Street as Treasury yields hit 16-mth high

  02-12-2016 02:20 via news.yahoo.com
  
  By Nichola Saminather SINGAPORE (Reuters) - Asian shares were flat in early trade on Friday following mostly sluggish sessions on Wall Street and Europe, as 10-year U.S. Treasury yields surged to near 18-month highs and crude futures soared to 16-month highs. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed, but remained on track to end the week up 0.6 percent. Japan's Nikkei , which jumped to an 11-month high on Thursday, slipped 0.6 percent early on Friday as the y
  
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• Pimco to pay $20 million to settle SEC probe: WSJ

  02-12-2016 01:28 via news.yahoo.com
  
  (Reuters) - Pacific Investment Management Co (Pimco) and a top U.S. regulator have settled claims the bond manager mismarked securities in a fund formerly managed by investor Bill Gross, the Wall Street Journal reported, citing sources.
  
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• Community banks due a break early in Trump term: Hensarling

  02-12-2016 00:59 via news.yahoo.com
  
  Community banks will face less red tape and be able to lend to more small businesses once Congress erases financial rules conceived after the economic downturn of 2008, a leading Republican lawmaker said on Thursday. The plan from Jeb Hensarling, chairman of the House Financial Services Committee, would roll back parts of the Dodd Frank reform legislation, a law that was meant to prevent a future financial meltdown by muzzling Wall Street. Hensarling said Dodd Frank unduly crimps local lending a
  
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