Analyst news

• Trump deepens Goldman ties as he builds out economic team

  09-12-2016 23:46 via news.yahoo.com
  
  In the heat of the presidential campaign, Donald Trump accused primary rival Ted Cruz of being controlled by Goldman Sachs because his wife, Heidi, previously worked for the Wall Street giant. He slammed ...
  
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• Fresh records for US stocks; European shares mostly up

  09-12-2016 23:45 via news.yahoo.com
  
  New York (AFP) - Wall Street stocks surged to fresh records yet again Friday, with all three major indices jumping to new highs for the second straight session.
  
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• Wall Street rises with Treasury yields, euro slides

  09-12-2016 22:37 via news.yahoo.com
  
  By Sinead Carew NEW YORK (Reuters) - U.S. stocks closed higher on Friday as more investors piled in on the presidential election rally while the euro continued to weaken after the European Central Bank’s decision a day earlier to extend economic stimulus. The S&P 500 stock index had its best week in four and its biggest gainers on Friday were the consumer staples and healthcare sectors, which have been two of the weakest in the rally following Donald Trump's election as U.S. President.
  
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• Hawkish Fed a potential speed bump for stock bulls

  09-12-2016 22:33 via news.yahoo.com
  
  Next week's Federal Reserve meeting and possible signals on the pace of rate hikes for next year could pose the biggest risk yet to the rally the U.S. stock market has seen since last month's presidential election. While investors have long anticipated the Fed will raise rates at the Dec. 13-14 meeting - in what would be its first such move in a year and second in nearly a decade - the worry for some stock investors is that the Fed takes a more aggressive stance on inflation and future hikes. St
  
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• Technical Weekly: USD/JPY Still Making History

  09-12-2016 22:32
  The 5 week performance (11.8%) in USD/JPY is bested by only the 5 week period that ended the first week of December 1978.
  
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• Record-setting rally pushes on as S&P ends week up 3 percent

  09-12-2016 22:29 via news.yahoo.com
  
  Major U.S. stock indexes powered to another day of fresh record highs on Friday, with the S&P 500 ending the week up 3 percent, as investors bid up shares in sectors that have lagged in the month-long rally since Donald Trump's presidential election. The benchmark S&P 500 registered a record high for the third straight session, while the Dow and Nasdaq also hit new highs. The Dow recorded a fifth straight week of gains.
  
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• Trump expected to name a top Goldman exec to economic post

  09-12-2016 21:24 via news.yahoo.com
  
  WASHINGTON (AP) — President-elect Donald Trump is expected to name Gary Cohn, the No. 2 executive at the powerhouse Wall Street firm Goldman Sachs, to a prominent White House economic post.
  
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• Trump to name Goldman executive Cohn to key economic post

  09-12-2016 21:21 via news.yahoo.com
  
  By Steve Holland BATON ROUGE, La. (Reuters) - U.S. President-elect Donald Trump will likely ask a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world's largest economy, a transition official said on Friday. Trump's pick of Goldman President Gary Cohn, 56, to head the White House National Economic Council comes despite Trump's past criticism of the financial sector's power. Trump hammered Goldman and
  
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• Crude Oil Price Forecast: LT Price Resistance As Accord Gets Tested

  09-12-2016 21:10
  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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• Trump to name Goldman executive to key economic post: reports

  09-12-2016 19:58 via news.yahoo.com
  
  WASHINGTON/NEW YORK (Reuters) - U.S. President-elect Donald Trump on Friday was expected to name a senior Goldman Sachs banker to coordinate economic policy across his administration, turning again to Wall Street for expertise in managing the world's largest economy. Trump's pick of Gary Cohn, 56, the firm's president and chief operating officer, to head his White House National Economic Council, reported by NBC and other media outlets, comes despite Trump's past criticism of Wall Street's power
  
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• UPDATE 1-Questions around Capita's strategy after asset management shock

  09-12-2016 19:10
  
  EDINBURGH, Dec 9 (Reuters) - Shares in Capita fell
  for a second day on Friday after a profit warning and decision
  to sell its asset management business left analysts questioning
  the British...
  
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• Health, tech stocks extend Wall Street record-setting rally

  09-12-2016 19:04 via news.yahoo.com
  
  The three main U.S. stock indexes have hit a series of record highs as investors piled into sectors such as banks and industrials, betting that President-elect Donald Trump would usher in a business-friendly environment. "I think if you are a short-term trader, you may be looking to take profits and you are starting to see a little bit of that in financials," said Robert Pavlik, chief market strategist at Boston Private Wealth.
  
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• FTSE records best week since July, Sky surges 27 pct on Fox bid

  09-12-2016 18:42
  
  * Sky jumps 27 pct on takeover approach(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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• USD/JPY Technical Analysis: Facing LT Resistance After Breakout

  09-12-2016 18:20
  December is a time for cheer, except for JPY bulls. The further anticipation of JPY weakness is getting priced in as JPY sellers are in control.
  
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• Title: USD/CAD Technical Analysis: CAD Building Momentum Into LT Support

  09-12-2016 18:05
  The Canadian Dollar has disappointed a lot of Bears and may continue to do so as the Canadian Dollar threatens to break strong support.
  
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• Bullish USD/JPY Momentum Remains Intact Ahead of FOMC Meeting

  09-12-2016 17:58
  USD/JPY may continue to push to fresh monthly highs ahead of the Federal Open Market Committee’s (FOMC) interest rate decision as a bull-flag formation unfolds.
  
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• Wall Street hits record high for third day in a row

  09-12-2016 17:43 via rocketnews.com
  
  By Yashaswini Swamynathan
  REUTERS – Wall Street’s major indexes hit record highs for the third day in a row on Friday as the post-election rally got a lift from healthcare and technology stocks.
  The “Trump rally” has been roaring ahead since the Nov. 8 vote on bets that President-elect Donald Trump’s policies will boost economic growth and inflation.
  The small cap Russell 2000 and the Dow Transport indexes also hit record intraday highs.
  With the rally about to ent
  
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• BRIEF-Monte dei Paschi shares close down 10.6 percent

  09-12-2016 17:40
  
  * shares close down 10.6 percent after a source told Reuters
  the European Central Bank rejected a request by the bank for
  more time to raise capitalFurther company coverage:
  (Reporting by...
  
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• Trump offers Goldman executive Gary Cohn key economic post - NBC

  09-12-2016 17:36 via news.yahoo.com
  
  U.S President-elect Donald Trump has asked Goldman Sachs executive Gary Cohn to head his White House National Economic Council, a group that coordinates economic policy across agencies, NBC News reported on Friday. Cohn, president and chief operating officer at the Wall Street firm, had been widely considered the heir apparent to Goldman CEO Lloyd Blankfein. A Goldman Sachs spokesman was not immediately available for comment.
  
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• Trump offers Goldman executive Cohn key economic post: NBC

  09-12-2016 17:15 via news.yahoo.com
  
  U.S President-elect Donald Trump has asked Goldman Sachs executive Gary Cohn to head his White House National Economic Council, a group that coordinates economic policy across agencies, NBC News reported on Friday. Cohn, president and chief operating officer at the Wall Street firm, had been widely considered the heir apparent to Goldman CEO Lloyd Blankfein. A Goldman Sachs spokesman was not immediately available for comment.
  
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• UPDATE 4-Sumitomo to buy Irish banana company Fyffes for $800 mln

  09-12-2016 16:46
  
  * Says hopes deal completed early in 2017(Adds analyst comment, recasts)
  
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• US Dollar Likely to Rally Even Further versus Japanese Yen

  09-12-2016 16:30
  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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• Forex Traders Buying Aggressively into Euro Weakness versus US Dollar

  09-12-2016 16:30
  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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• British Pound Forecast Points to Continued Weakness

  09-12-2016 16:30
  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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• Australian Dollar Trend Remains Lower

  09-12-2016 16:30
  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 AUDUSD may continue lower.
  
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• BRIEF-Monte dei Paschi chairman is not at all worried about bank's situation

  09-12-2016 16:25
  
  * Chairman Alessandro Falciai says he is not at all worried
  about the bank's situation
  
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• Copper Prices Fail to Make New Highs

  09-12-2016 16:16
  Copper prices are rebounding intraday but have failed to breakout to new weekly highs.
  
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• S&P, Nasdaq hit highs on gains in health, tech stocks

  09-12-2016 15:58 via news.yahoo.com
  
  U.S. stocks opened higher on Friday, extending a post-election rally, with gains in healthcare and technology sectors lifting the Nasdaq and the S&P 500 to fresh all-time highs. The "Trump rally" has been running since the Nov. 8 vote as investors bet President-elect Donald Trump's policies will boost economic growth and inflation. The S&P 500 is currently trading at about 17.5 times forward twelve-month earnings, above the 10-year median of nearly 15 times, according to Thomson Reuters
  
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• Wall Street opens higher on gains in health stocks

  09-12-2016 15:49 via rocketnews.com
  
  Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 8, 2016. REUTERS/Brendan McDermid
  More(Reuters) – U.S. stocks opened higher on Friday, with gains in healthcare and technology lifting the Nasdaq to a record high.
  The Dow Jones industrial average <.DJI> was up 13.52 points, or 0.07 percent, at 19,628.33, the S&P 500 <.SPX> was up 3.6 points, or 0.16 percent, at 2,249.79 and the Nasdaq composite <.IXIC> was up 21.91 points
  
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• Shares in Britain's Capita fall further as investors shun strategy

  09-12-2016 15:39
  
  EDINBURGH, Dec 9 (Reuters) - Shares in Capita fell
  further on Friday after a profit warning and the decision to
  sell its asset management business left investors questioning
  the British outsourcing...
  
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• US Dollar Strength Continues as Consumer Confidence Jumps

  09-12-2016 15:35
  The outlook for US growth remains strong as another consumer sentiment indicator spikes higher.
  
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• Next Week’s Economic Headlines to Bring a Plethora of Pressure Points

  09-12-2016 15:30
  Next week brings the long-awaited December FOMC meeting, in which the bank is finally expected to kick interest rates higher. But what will the say about 2017, and how aggressive will the Fed be looking to 'normalize' policy moving-forward.
  
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• BRIEF-Monte dei Paschi down 15.5 pct after Reuters report of ECB rejection

  09-12-2016 15:30
  
  * the European Central Bank has rejected a request by the
  lender for more time to raise capital, a source told Reuters, a
  decision that piles pressure on the Rome government to bail out
  the lender...
  
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• S&P 500: It’s a Bull Until Proven Otherwise, Support Not Far Below

  09-12-2016 14:31
  The stock market likely to remain strong, looking to lines of support on a dip.
  
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• No time, investors for private rescue of Monte dei Paschi by year-end - source

  09-12-2016 14:24
  
  MILAN, Dec 9 (Reuters) - A consortium of investment banks
  that must decide whether to underwrite a privately-backed
  5-billion euro rescue plan for Monte dei Paschi di Siena
  believes there is not...
  
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• BRIEF-Monte dei Paschi shares resume trade, down 6.5 pct

  09-12-2016 14:19
  
  * shares were previously halted after falling 4.5 percentFurther company coverage:
  (Reporting by Milan newsroom)
  
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• US Dollar (DXY) Regaining Bullish Posture; Rising Yields Hit Yen

  09-12-2016 14:00
  Outside engulfing bars yesterday in both EUR/USD and DXY Index bode well for further US Dollar strength.
  
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• BRIEF-Monte dei Paschi shares fall after Reuters report of ECB rejection

  09-12-2016 13:51
  
  * a source told Reuters on Friday the European Central Bank
  had rejected a request by the bank for more time to raise
  capitalSource text for Eikon:Further company coverage:
  (Reporting by Milan...
  
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• British Pound Looking Stronger As Trade Data Beat Expectations

  09-12-2016 13:25
  GBPUSD is picking up on Friday, both before and after better than expected UK trade figures.
  
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• Nasdaq launches new Copenhagen index to reflect DONG, Nets IPOs

  09-12-2016 13:09 via news.yahoo.com
  
  Stock exchange operator Nasdaq will replace Denmark's main C20 CAP index with a new index of 25 companies to reflect a higher market capitalization and turnover following two of the world's biggest IPOs in Copenhagen this year. The new C25 CAP will be launched on Dec. 19 and is due to replace Denmark's largest index C20 CAP 12 months later, Nasdaq said in a statement Friday. "Thanks in part to a string of large cap listings since 2010, and with Nets and DONG Energy among this year's global top t
  
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• Improving U. of Michigan Survey to Propel Post-ECB EUR/USD Losses

  09-12-2016 11:00
  A further improvement in the U. of Michigan Confidence survey may spark further losses in EUR/USD as the Fed appears to be on course to deliver a December rate-hike.
  
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• China insurance regulator bars Evergrande Life from stock market investment

  09-12-2016 10:55 via rocketnews.com
  
  BEIJING, Dec 9 (Reuters) – China’s insurance regulator said
  late on Friday it has suspended Evergrande Life, the insurance
  arm of China Evergrande Group, from conducting stock
  market investment due to its speculative, frequent, high-volume
  trading.
  The China Insurance Regulatory Commission (CIRC) required
  Evergrande Life to properly address the problem by improving its
  stock market investment practices and strengthening its risk
  management, the regulator said in an online statement.
  
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• DAX: Looking for a Dip Following the Rip, More Upside to Follow

  09-12-2016 10:12
  Entering new longs at this juncture looks a bit risky, but a pullback/consolidation period will pique our interest.
  
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• DAX: Looking for a Dip After the Rip, More Upside to Follow

  09-12-2016 10:12
  Entering new longs at this juncture looks a bit risky, but a pullback/consolidation period will pique our interest.
  
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• NZD/USD Technical Analysis: Down Trend Ready to Resume?

  09-12-2016 09:18
  The New Zealand Dollar produced a Shooting Star candlestick on a test of a trend-defining chart barrier, hinting a turn lower against its US namesake may be ahead.
  
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• Gold Price Upswing May Precede FOMC Rate Decision

  09-12-2016 08:42
  Gold prices may bounce ahead of next week’s FOMC meeting as traders the possibility that the Fed’s expected 2017 rate hike path is shallower than their own.
  
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• Sensex, Nifty edge up; on track for best weekly gain since September

  09-12-2016 07:39 via news.yahoo.com
  
  Indian shares rose slightly on Friday, heading for their biggest weekly gain in more than three months, as additional stimulus from the European Central Bank helped offset disappointment about the Reserve Bank of India's decision to hold rates. Global sentiment was also buoyed after Wall Street hit record highs on Thursday and after the ECB extended it asset-buying programme for a longer period than many analysts had expected, though it trimmed the size of its purchase. "Yesterday, the markets c
  
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• Asian markets mixed following ECB decision to extend its bond purchase programme

  09-12-2016 07:36 via news.yahoo.com
  
  While Asian stock market indices were trading mixed on Friday (9 December), the Shanghai Composite was up 0.79% at 3,240.77 at 5.18am GMT following the European Central Bank's decision on quantitative easing (QE).
  
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• Yen Falls as Stocks Rise, US Dollar May Decline as FOMC Looms

  09-12-2016 07:02
  The Japanese Yen fell as Asian stocks followed Wall Street higher. The US Dollar may correct lower in pre-positioning for next week’s FOMC policy announcement.
  
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• AUD/USD Little Changed as Chinese CPI Grows Most in 7 Months

  09-12-2016 04:10
  The Australian Dollar showed a tepid reaction against its major peers after China released November’s CPI figures, showing inflation at the fastest pace since March.
  
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