Analyst news

• TSX gains amid U.S. optimism, led by resource shares

  05-12-2016 23:12
  
  By Fergal Smith TORONTO (Reuters) - Canada's benchmark stock index rose on Monday as recent strength in commodity prices supported the energy and materials groups, while a fresh record high for the Dow Jones industrials boosted investor confidence. Wall Street has rallied since the U.S. election as investors bet that President-elect Donald Trump will deliver significant economic stimulus and cuts in corporate taxes and regulations. U.S. optimism "is carrying over into our market," said Brian Pow
  
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• Upbeat RBA to Fuel AUD/USD Rebound- 0.7530 Hurdle in View

  05-12-2016 23:00
  More of the same from the RBA may fuel a larger rebound in AUD/USD as the central bank appears to be gradually moving away from its easing-cycle.
  
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• Wall Street rises with banks, investors shrug off Italian referendum

  05-12-2016 22:39
  
  By Sinead Carew NEW YORK (Reuters) - U.S. stocks rose on Monday on strong economic data while currency and bond investors shrugged off Italian Prime Minister Matteo Renzi's resignation, following voters' rejection of his constitutional reforms. U.S. Treasury yields fell in choppy trading on Monday as investors viewed the dramatic bond market selloff following Donald Trump's surprise U.S. presidential win as overdone. "It was a neutral day in Europe because neither the far right nor the far left
  
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• Wall Street rises, buoyed by economic data; Dow sets high

  05-12-2016 22:28
  
  Wall Street rose on Monday, with the Dow Jones industrials setting fresh record highs, as services sector data gave further evidence of strength in the domestic economy. U.S. services sector activity hit a one-year high in November, with a surge in production boosting hiring, following on the heels of Friday's employment report that showed strong job gains last month. "A lot of people were negative going into the election, or cautious, so now they’re scrambling year-end to own stocks," sai
  
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• Barclays' exit from energy trading stirs concerns over liquidity

  05-12-2016 21:11
  
  British bank Barclays Plc has joined the list of top banks to exit energy trading, an exodus that analysts say raises concern among oil producers that falling liquidity means they cannot use derivatives for their basic function: to hedge risk by locking in future prices. Wall Street firms have scaled back in commodity markets since the 2008 financial crisis from owning physical assets or taking positions in the market in the face of regulatory scrutiny. The departure of Barclays exacerbates the
  
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• Wall Street gains, helped by oil, economic data

  05-12-2016 21:10
  
  Wall Street rose on Monday, with the Dow Jones industrials setting a fresh intraday record high, as further gains in oil prices fuelled the energy sector and data showed strength in the domestic economy. "A lot of people were negative going into the election, or cautious, so now they’re scrambling year-end to own stocks," said Alan Lancz, president of investment advisory firm Alan B. Lancz & Associates Inc in Toledo, Ohio. The energy sector gained 1 percent as crude rose above $55 a ba
  
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• AUD/USD Recovery Hinges on RBA, 3Q GDP; Rally at Risk Sub-7600

  05-12-2016 20:23
  The relief rally is testing near-term resistance ahead of tonight's RBA rate decision. Here are the updated targets & invalidation levels that matter into the release.
  
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• Techs buoy S&P, Nasdaq; Goldman pushes Dow to record high

  05-12-2016 19:07
  
  Financial and technology stocks powered the Dow to an all-time high on Monday, and set the S&P and the Nasdaq for their best day in two weeks. The Dow has been enjoying a record-setting rally, largely driven by bank and industrial stocks, which are expected to benefit the most from higher spending on infrastructure and simpler regulations under a Donald Trump administration. The index has risen 5 percent since the Nov. 8 vote, while the S&P financial index has surged 14.3 percent.
  
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• AUD/USD Carves Near-Term Bullish Formation Ahead of RBA, 3Q GDP

  05-12-2016 19:00
  AUD/USD may stage a larger recovery going into the RBA’s last 2016 policy meeting as the pair carves a near-term series of higher highs & lows.
  
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• Webinar: USD Pullback Fueling Setups Across the Majors- Levels to Know

  05-12-2016 18:45
  Webinar highlighting featured setups we're trackinginto the start of the week. Here are the updated targets & invalidation levels that matter.
  
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• USD/JPY Technical Analysis: Carried Higher By Holiday Rally

  05-12-2016 18:05
  Despite USD Stumbling, USD/JPY appears determined to retest February highs where it traded before a strong decent toward 100 earlier this year.
  
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• US Dollar Remains a Buy versus Japanese Yen

  05-12-2016 18:00
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the USDJPY may continue higher.
  
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• S&P 500 on Track to Hit Fresh Record Highs

  05-12-2016 18:00
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the SPX500 may continue higher.
  
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• Goldman sends Dow to record high, techs lift S&P, Nasdaq

  05-12-2016 18:00
  
  Wall Street rose on Monday, with financials and technology stocks powering Dow to a new intraday high and boosting the S&P and the Nasdaq. The Dow has been enjoying a record-setting rally, largely driven by bank and industrial stocks, which are expected to benefit the most from higher spending on infrastructure and simpler regulations under a Donald Trump administration. The index has risen 5 percent since the Nov. 8 vote, while the S&P financial index has surged 14.3 percent.
  
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• Gold Price Forecast to Fall even Further

  05-12-2016 18:00
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the XAUUSD may continue lower.
  
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• FX Traders Sell Aggressively into Post-Italian Referendum Euro Bounce

  05-12-2016 18:00
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the EURUSD may continue lower.
  
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• Crude Oil Price Forecast: 16-Month Highs In Oil Negates Double-Top

  05-12-2016 18:00
  Headlines coming from Vienna show a political tour-de-force as more pressure is put on Saudi to carry the brunt of the cut, causing uncertainty of a deal to skyrocket.
  
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• British Pound Trend Points Lower, but Near-Term Relief Possible

  05-12-2016 18:00
  We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the GBPUSD may continue lower.
  
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• Wall Street rises with oil; investors shrug off Italian referendum

  05-12-2016 17:12
  
  By Sinead Carew NEW YORK (Reuters) - Financial shares and strong oil prices bolstered U.S. stocks on Monday while currency and bond investors shrugged off Italian Prime Minister Matteo Renzi's resignation, following voters' rejection of his constitutional reforms. The Italian referendum stoked worries about Italy's political stability and its banking system, but U.S. Treasury yields reversed their fall as the initial demand for low-risk U.S. government debt faded with a euro and stock price revi
  
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• GLOBAL MARKETS-Wall Street rises with oil; investors shrug off Italian referendum

  05-12-2016 16:58
  
  Financial shares and strong oil prices bolstered U.S. stocks on Monday while currency and bond investors shrugged off Italian Prime Minister Matteo Renzi's resignation, following voters' rejection of his ...
  
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• Copper Prices Rally to Monthly Highs

  05-12-2016 16:19
  Copper prices have rallied to breakout to new monthly highs.
  
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• EUR/USD, GBP/USD: Geo-Political Risk to Remain in Headlines

  05-12-2016 15:15
  The world continues to juggle a series of Geo-political variables and this week, two of the more prominent issues are back in the spotlight with Brexit and a widely-awaited European Central Bank meeting.
  
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• How Donald Trump Can Grow the Economy and Keep His Promise

  05-12-2016 15:09 via rocketnews.com
  Many academic economists must be perplexed by the last three weeks’ financial news, having confidently opined that a Trump presidency would spell economic disaster. Let’s hope that they are feeling a little embarrassed by the stock market’s surge, by sharply rising inflation expectations, and by accelerating growth forecasts. Interestingly, many voters saw what economic “experts” did not: an utter contempt for economic growth by the Obama Administration and the Cli
  
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• Euro jumps as investors bet on Italian political limbo, not turmoil

  05-12-2016 14:43
  
  By Jamie McGeever LONDON (Reuters) - European stocks and the euro rose on Monday, battling back as investors bet that Prime Minister Matteo Renzi's resignation after voters rejected his constitutional reforms would not trigger a snap election in Italy. Italian stocks broadly languished below the water line but the losses seen as the scale of Renzi's defeat in Sunday's referendum emerged were more than halved. U.S. futures took their cue from the generally positive tone across the rest of Europe
  
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• S&P 500: Will the Market Respect Support This Week?

  05-12-2016 14:32
  The market has been pulling back constructively thus far, testing important support levels.
  
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• Euro Rallying as Italian Referendum Dashes MS5 Hopes

  05-12-2016 14:00
  In winning the battle to unseat Italian PM Renzi, the Five Star Movement may have lost the war to gain power and take Italy out of the EU.
  
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• GLOBAL MARKETS-Euro jumps as investors bet on Italian political limbo, not turmoil

  05-12-2016 13:58
  LONDON, Dec (Shanghai: 600875.SS - news) 5 (Reuters) - European stocks and the euro rose on Monday, battling back as investors bet that Prime Minister Matteo Renzi's resignation after voters rejected his constitutional reforms would not trigger a snap election in Italy. Italian stocks broadly languished below the water line but the losses seen as the scale of Renzi's defeat in Sunday's referendum emerged were more than halved. U.S. futures took their cue from the generally positive tone across t
  
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• British Pound Buoyed by Forecast-Busting UK Service-Sector PMI

  05-12-2016 12:40
  The British Pound has surged on a basket of currencies after data show that growth in the UK service sector accelerated to a 10-month high last month.
  
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• Monte dei Paschi subordinated debt drops as swap seen at risk

  05-12-2016 12:20
  
  MILAN, Dec 5 (Reuters) - The yield on a Sept. 2020
  subordinated bond by Monte dei Paschi targeted by a
  debt-to-equity conversion offer launched by the Italian bank
  rose on Monday as traders said the...
  
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• Miners and banks help Britain's FTSE 100 to advance

  05-12-2016 11:55
  
  LONDON, Dec 5 (Reuters) - Britain's top share index climbed
  on Monday, after falling in the previous two sessions, with
  basic resources stocks leading the market higher on the back of
  rising prices...
  
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• FTSE 100 Tech Update: Neckline Holding (For Now)

  05-12-2016 11:50
  The UK index is holding onto key support for now, but for how long is uncertain.
  
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• EUR/USD Stable After Italy Votes ’No’, PM Renzi to Resign

  05-12-2016 11:20
  Italian Prime Minister Matteo Renzi lost the constitutional referendum vote and will tender his resignation later in the day.
  
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• Gold Price Spike Erased, Selloff Resumes on Italy Vote Rethink

  05-12-2016 11:09
  Gold prices erased an intraday gains, succumbing to renewed selling pressure as the markets reconsidered the implications of Italy’s constitutional referendum outcome.
  
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• BRIEF-Shares in Monte dei Paschi turn positive in volatile trade

  05-12-2016 09:43
  
  * Italian blue chip index FTSE MIB rise 0.2 percent
  reversing early losses
  Further company coverage:
  (Reporting by Milan newsroom)
  
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• BRIEF-Shares in Monte dei Paschi, UniCredit down 5 percent

  05-12-2016 09:19
  
  * Shares in UniCredit, Monte dei Paschi down 5 percent after
  delayed opening
  
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• BRIEF-Italian bank shares slump after vote; Monte Paschi seen down 10 pct

  05-12-2016 09:10
  
  * Shares open sharply lower after PM Renzi suffers heavy
  defeat in constitutional referendum
  
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• Euro Losses on Italy Referendum Outcome May Be Fleeting

  05-12-2016 07:43
  The Euro may not find lasting downward follow-though having plunged after Italian Prime Minister Renzi resigned after losing a pivotal referendum vote.
  
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• Asian markets slip as euro falls to 20-month low post Italian referendum

  05-12-2016 05:56
  
  Asian stock market indices were trading lower on Monday (5 December) as the euro declined to a 20-month low following a referendum held in Italy to amend its constitution.
  
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• New cross-border stock link widens access to China's Nasdaq

  05-12-2016 03:51
  
  Trading began Monday on a new cross-border stock trading link between Hong Kong and the neighboring Chinese city of Shenzhen, the latest step to widen access to China's markets for global investors. The ...
  
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• Aussie Dollar Steady as China Caixin PMI Edges Up

  05-12-2016 03:16
  China’s service sector picked up the pace a little in November according to Caixin but overall economic activity remains just about where it was.
  
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• Euro Slides as Renzi Defeat Puts Spotlight on Stricken Banks

  05-12-2016 02:31
  The Euro started the week on the defensive after the defeat and resignation of Italian Prime Minister Matteo Renzi in a referendum which has cast doubt on Italy’s ability to enact economic reform.
  
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• Wall Street stock futures and euro both fall following Italy referendum result

  05-12-2016 02:28
  
  The euro and US equity index futures both fell in the wake of Italian prime minister Matteo Renzi's resignation after the referendum over his proposals for constitutional reform. The euro dropped to its lowest level for 20 months shortly after Renzi conceded he had lost the constitutional referendum. S&P 500 e-mini futures were down 0.3% shortly after electronic trading resumed on Sunday evening (4 December) paring some losses after initially falling 0.5%, the agency said, adding this might
  
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• New Zealand Dollar Clobbered as PM Key Steps Down

  05-12-2016 01:53
  The New Zealand Dollar took a knock on Monday following the surprise resignation of the country’s Prime Minister John Key. He will also not compete in next year’s election.
  
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• Wall Street stock futures fall after Italy referendum

  05-12-2016 00:27
  
  Such a result would throw his future into doubt and open the door to renewed political instability in Italy. S&P 500 e-mini futures were down 0.5 percent shortly after electronic trading resumed on Sunday evening, signaling Wall Street could start the week on a shakier footing after stumbling last week for the first time since the U.S. election. Major Wall Street indexes had previously hit a series of record highs over the past three weeks in the wake of Donald Trump's victory in the U.S. pr
  
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