Analyst news

• Dow winning streak ends as Fed hikes interest rates

  14-12-2016 23:44 via news.yahoo.com
  
  New York (AFP) - Wall Street stocks tumbled and the US dollar rallied Wednesday after the Federal Reserve raised interest rates for only the second time in a decade.
  
  Read more

• U.S. bond yields, dollar gain, stocks fall after Fed rate hike

  14-12-2016 23:04 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - Yields on shorter-dated Treasuries hit their highest levels in more than five years on Wednesday while the dollar rose to its highest against the yen in 10 months after the U.S. Federal Reserve raised interest rates and signalled a faster pace of hikes in 2017. Wall Street stocks ended a volatile session with their biggest percentage decline since before the Nov. 8 U.S. presidential election, while gold prices hit a 10-month low. As expected, the Fed
  
  Read more

• As good as it gets? Boutique banks look to grow beyond M&A

  14-12-2016 22:57 via news.yahoo.com
  
  Boutique investment banks have grabbed a record share of the global merger and acquisition fee pool off larger Wall Street rivals this year but their stock price performance is trailing bigger peers. To diversify their revenues, firms including Rothschild & Co SCA , Lazard Ltd and Evercore Partners Inc are looking for new ways to gin up additional business including advising on raising debt, corporate governance structures and offering research for their clients. M&A levels have slowed a
  
  Read more

• Wall Street slides after Fed raises rates; energy weighs

  14-12-2016 22:45 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks fell the most in two months on Wednesday after the Federal Reserve raised interest rates by a quarter point and signalled hikes could come next year at a faster pace than some expected. Energy stocks weighed the most on the S&P 500 after a sharp drop in U.S. crude oil prices. The Fed's decision to raise rates comes as President-elect Donald Trump, who will be sworn in next month, is seen cutting taxes and increasing spending on infrastructur
  
  Read more

• Advertisement

• China’s Market News: Chinese Leaders Kick-off Top Economic Meeting

  14-12-2016 21:52
  After the Fed released its economic projections, Chinese top policymakers are about to reveal their forecasts at the on-going key meeting.
  
  Read more

• Fed's Yellen says bank safety rules should be kept in place

  14-12-2016 21:45 via news.yahoo.com
  
  Federal Reserve Chair Janet Yellen said on Wednesday that tough banking rules are protecting financial markets and should largely be held in place. Many of those rules were conceived after the 2008 financial crisis and require the largest firms on Wall Street to hold more capital against future losses. "We have reduced the odds that (a) systemically important firm could fail," Yellen said at a press conference to discuss monetary policy.
  
  Read more

• GE sees higher 2017 operating profit, sticks to 2018 EPS target

  14-12-2016 21:05 via news.yahoo.com
  
  (Reuters) - General Electric Co said on Wednesday that it expected 2017 operating earnings between $1.60 and $1.70 a share, and stuck to its 2018 earnings forecast of $2 per share.
  
  Read more

• Wall Street falls after Fed raises rates; energy weighs

  14-12-2016 20:51 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks fell in volatile trading on Wednesday after the Federal Reserve raised interest rates by a quarter point and signalled hikes could come next year at a faster pace than some expected. The Fed's decision comes as President-elect Donald Trump, who will be sworn in next month, is seen cutting taxes and increasing spending on infrastructure. "The Fed ramped up the pace of rate hikes on a hope and a prayer of faster growth in 2017," said Brian Jacobse
  
  Read more

• Advertisement

• ECB 'yardstick of predictability' as elections in EU loom - policymaker Villeroy

  14-12-2016 20:43 via news.yahoo.com
  
  The European Central Bank's monetary policy is providing a "yardstick of predictability" as European countries go through a new cycle of elections next year, ECB policymaker Francois Villeroy de Galhau told the Wall Street Journal. "For next year we have an electoral cycle throughout Europe, so we say clearly: in this uncertain environment, economic actors know where monetary policy will be, which is a very strong advantage for them and the economic recovery in Europe," Villeroy was quoted as sa
  
  Read more

• ECB 'yardstick of predictability' as elections in EU loom – policymaker Villeroy

  14-12-2016 20:43 via rocketnews.com
  PARIS (Reuters) – The European Central Bank’s monetary policy is providing a “yardstick of predictability” as European countries go through a new cycle of elections next year, ECB policymaker Francois Villeroy de Galhau told the Wall Street Journal.
  “For next year we have an electoral cycle throughout Europe, so we say clearly: in this uncertain environment, economic actors know where monetary policy will be, which is a very strong advantage for them and the econom
  
  Read more

• EUR/USD Slips as FOMC Forecasts Three Hikes for 2017

  14-12-2016 20:16
  The FOMC followed a similar path to 2015, with Chair Janet Yellen and Co. voting unanimously to raise the benchmark interest rate by 25bp at the last policy-meeting for the year.
  
  Read more

• Wall Street little changed as countdown to Fed decision begins

  14-12-2016 19:45 via rocketnews.com
  
  By Tanya Agrawal
  (Reuters) – U.S. stocks were off their highs and were little changed in afternoon trading on Wednesday as investors turned their attention to the outcome of the Federal Reserve’s policy meeting.
  The Fed is widely tipped to lift rates 25 basis points, but investors are likely to pay close attention to Fed Chair Janet Yellen’s tone and new forecasts for clues on policymakers’ thinking on how President-elect Donald Trump’s policies will impact growth
  
  Read more

• Deutsche Boerse and LSE say EU's list of merger concerns has shortened

  14-12-2016 19:40 via rocketnews.com
  
  FRANKFURT (Reuters) – The European Commission continues to have concerns about the planned merger of Deutsche Boerse and London Stock Exchange Group (LSE) , but to a lesser extent than three months ago, the stock market operators said in a joint statement on Wednesday.
  The groups said they had received a so-called statement of objections from the Commission that outlined fewer worries over the tie-up compared with a first letter sent at the end of September.
  “The list of concerns ha
  
  Read more

• Brexit Briefing: UK Economic Data Suggest Brexit is Beginning to Bite

  14-12-2016 17:47
  So far, the UK economy has held up well following the vote to leave the EU. Now, though, the data are weakening and the British Pound could be next on the hit list.
  
  Read more

• Wall Street slips as investors pause ahead of Fed decision

  14-12-2016 17:35 via news.yahoo.com
  
  The Fed is widely tipped to lift rates 25 basis points, but investors are likely to pay close attention to Fed Chair Janet Yellen's tone and new forecasts for clues on policymakers' thinking on how President-elect Donald Trump's policies will impact growth and inflation. The announcement is due at 2 p.m. ET (1900 GMT), followed by Yellen's news conference 30 minutes later.
  
  Read more

• BoE's Woods doubtful that Trump presidency will ditch financial rules

  14-12-2016 16:54 via news.yahoo.com
  
  There is no real evidence that the United States will abandon key financial regulation under President Donald Trump, a top Bank of England official said on Wednesday. Trump, who takes office in January, has said he wants to ditch parts of Dodd Frank, a core reform of Wall Street that includes rules on bank capital requirements. BoE Deputy Governor Sam Woods said U.S. bank shares have risen on the prospect of a lighter touch regime.
  
  Read more

• Wall Street treads water as investors await Fed decision

  14-12-2016 16:11 via news.yahoo.com
  
  The Fed is widely tipped to lift rates 25 basis points to 0.50-0.75 percent. The announcement is due at 2 p.m. ET (1900 GMT), followed by Chair Janet Yellen's news conference 30 minutes later. Market participants will be paying close attention to Yellen's tone and new forecasts, seeking clues on policymakers' thinking on how President-elect Donald Trump's policies will impact growth and inflation.
  
  Read more

• FOMC Preview: USD Strength Susceptible to Lower Path for Fed Funds

  14-12-2016 16:00
  The U.S. dollar stands at risk of facing near-term headwinds should the fresh projections coming out of the FOMC highlight a lower path for the Fed funds rate.
  
  Read more

• CAC 40 Rally Takes a Pause

  14-12-2016 15:53
  After rallying to new monthly highs, the CAC 40 trend takes a pause.
  
  Read more

• Goldman names Solomon, Schwartz as Cohn's successors

  14-12-2016 15:41 via news.yahoo.com
  
  The Wall Street investment bank said Chief Information Officer R. Martin (Marty) Chavez would replace Schwartz as chief financial officer at the end of April. Solomon, a Bear Stearns veteran who joined Goldman in 1999, has co-headed its investment banking division since 2006. Solomon is best known for his behind-the-scenes work with Goldman's top clients and has helped expand the firm's dealmaking and capital-raising business.
  
  Read more

• Wall Street opens flat ahead of Fed decision

  14-12-2016 15:37 via rocketnews.com
  
  A trader wears a hat referencing the proximity of Dow Jones Industrial Average to 20,000 as he works on floor of the New York Stock Exchange (NYSE) shortly before the close of trading in New York, U.S., December 13, 2016. REUTERS/Lucas Jackson
  More(Reuters) – Wall Street opened little changed on Wednesday, a day after all three major indexes hit record highs, as investors refrained from making large bets ahead of the outcome of the U.S. Federal Reserve meeting where the central bank is wid
  
  Read more

• EUR/USD Largely Muted After Mixed U.S. Data; All Eyes on Yellen

  14-12-2016 15:08
  Retail Sales Data trails expectations pointing to moderation in consumer consumption
  
  Read more

• Preview for December FOMC Meeting as USD Holds Near 13-year Highs

  14-12-2016 14:15
  Markets feel that it is guaranteed the Fed hikes rates today. The US Dollar will only rally further if it seems that more rate hikes are coming sooner than anticipated, a tall task.
  
  Read more

• EUR/USD FOMC Technical Forecast

  14-12-2016 13:42
  The EUR/USD has been consolidating in an ongoing range. With a FOMC rate decision on the horizon, traders may begin to prepare for a breakout.
  
  Read more

• British Pound Drops After Weak UK Jobs Data

  14-12-2016 13:26
  The British Pound has dropped against a host of pairs after the UK’s worst employment figures since the second quarter of 2015. The days of UK data defying Brexit concerns could be at an end.
  
  Read more

• EUR/USD Shrugs Off Weaker-Than-Expected Industrial Production Data as Fed Looms

  14-12-2016 12:57
  Euro-Zone industrial production misses expectations but traders are focused on the FOMC meeting and press conference later in the day.
  
  Read more

• S&P says India's demonetisation hurts confidence in RBI

  14-12-2016 12:06 via news.yahoo.com
  
  India's surprise move to abolish high-value rupee notes has undermined the central bank's reputation for competence and independence, even as it remains a credible institution, Standard & Poor's director Kyran Curry said on Wednesday. The comments come as the Reserve Bank of India (RBI) and the government face criticism for their implementation of the demonetisation initative in November, abolishing 500 and 1,000 rupee notes ($7.41-$14.82), which accounted for 86 percent of the currency in c
  
  Read more

• Kaveri Seeds stock loses most on BSE on Q2 earnings

  14-12-2016 11:20 via news.yahoo.com
  
  Kaveri Seed is engaged in the production, processing and marketing of hybrid seeds. It owns over 600 acres of farm land. At 1207 hours, the stock was trading 5.36 per cent or 23 points lower at Rs 406.35 level on the BSE.
  
  Read more

• Kaveri Seed stock closes 8.52 percent lower on Q2 earnings

  14-12-2016 11:20 via news.yahoo.com
  
  Kaveri Seed is engaged in the production, processing and marketing of hybrid seeds. It owns over 600 acres of farm land. The stock closed 8.52 percent or 36.55 points lower at Rs 392 level on the BSE.
  
  Read more

• Countdown to first Fed hike in a year under way, but focus shifting to 2017

  14-12-2016 10:33 via news.yahoo.com
  
  By Dhara Ranasinghe LONDON (Reuters) - World stocks nudged lower, bond yields fell and a hush settled on the dollar, with investors certain the Federal Reserve will lift interest rates for the first time in a year on Wednesday but less so about what it may do in 2017. European shares lost 0.3 percent in early trade , while U.S. stock futures were also a tad weaker , suggesting a cautious start to trade after Tuesday's stock market rally to new all-time highs. The Fed is widely tipped to lift rat
  
  Read more

• FTSE 100 Trying to Join the Party

  14-12-2016 09:49
  The UK index is challenging solid resistance, it already has good trend support; record highs may soon be around the corner.
  
  Read more

• Coal India stock falls most on Nifty due to weak Q2 earnings

  14-12-2016 09:33 via news.yahoo.com
  
  Its net profit fell to Rs 600.4 crore for the reporting period against Rs 2,654 crore for the corresponding quarter an year ago.
  
  Read more

• US Dollar May Fall Even as Fed Delivers Interest Rate Hike

  14-12-2016 09:04
  The US Dollar may fall as a broadly status-quo Fed monetary policy announcement opens the door for unwinding of bets profiting from the currency’s ascent.
  
  Read more

• Actelion talks to new party, reported to be Sanofi, as J&J drops bid

  14-12-2016 08:37 via news.yahoo.com
  
  By Greg Roumeliotis and John Miller NEW YORK/ZURICH (Reuters) - Switzerland's Actelion Ltd confirmed it was in talks about a "strategic transaction", with a report that Sanofi had filled the gap left after U.S. healthcare group Johnson & Johnson ended its takeover bid. Actelion's shares were indicated 3.7 percent lower on Wednesday after The Wall Street Journal, citing people familiar with the matter, said France's Sanofi was now in talks with Europe's largest biotechnology drug marker. The
  
  Read more

• Micro Focus International posts 22 percent rise in H1 earnings ahead of HPE deal

  14-12-2016 08:26 via news.yahoo.com
  
  Micro Focus International , the British IT firm buying Hewlett Packard Enterprise Co's software business for $8.8 billion, said it was making good progress as it reported a 22.4 percent rise in first-half underlying earnings. The company said that while it had made a good start to the deal, it was maintaining full-year guidance for revenue growth of between minus 2 percent and zero.
  
  Read more

• Micro Focus Intl posts 22 pct rise in H1 earnings ahead of HPE deal

  14-12-2016 08:22 via news.yahoo.com
  
  Micro Focus International , the British IT firm buying Hewlett Packard Enterprise Co's software business for $8.8 billion, said it was making good progress as it reported a 22.4 percent rise in first-half ...
  
  Read more

• Asian markets mostly up, Yellen comments in view

  14-12-2016 08:19 via news.yahoo.com
  
  Most Asian markets rose Wednesday, tracking a seventh successive record on Wall Street as they wait for the conclusion of a keenly awaited Federal Reserve policy meeting. After months of betting the Fed will lift interest rates, the big day has arrived and investors will be hanging on every word bank boss Janet Yellen says in her post-meeting conference hoping for clues about future policy. Global equities and the dollar have rallied in the five weeks since Donald Trump won the US election, with
  
  Read more

• Most Asian markets trade higher ahead of US Fed decision

  14-12-2016 07:36 via news.yahoo.com
  
  Most Asian stock market indices were trading higher on Wednesday (14 December), with the Shanghai Composite up 0.30% at 3,164.36 as of 5.38am GMT ahead of the US Federal Reserve's decision on interest rates. The outcome of the American central bank's policy meeting is slated to be announced at 19:00 GMT. This is expected to be followed by Fed Chairwoman Janet Yellen's news conference 30 minutes later.
  
  Read more

• MIDEAST STOCKS-Gulf may have firm tone but no big gains before Fed

  14-12-2016 06:53 via news.yahoo.com
  
  Dubai's index, which fell back 0.9 percent on Tuesday, still closed 1 point above technical resistance on its August peak of 3,624 points. Healthy volumes over the last week suggest that foreign investors remain interested in the market.
  
  Read more

• Crude Oil, Gold Prices May Rise on Status Quo Fed Rate Decision

  14-12-2016 06:44
  Gold prices recoiled from a nine-month low to eke out modest gains amid pre-positioning for the upcoming Federal Reserve monetary policy announcement.
  
  Read more

• Asian markets up, dealers hang on Yellen remarks

  14-12-2016 04:50 via news.yahoo.com
  
  Most Asian markets rose Wednesday, tracking a seventh successive record on Wall Street as they wait for the conclusion of a keenly awaited Federal Reserve policy meeting. After months of betting the Fed will lift interest rates, the big day has arrived and investors will be hanging on every word bank boss Janet Yellen says in her post-meeting conference hoping for clues about future policy. Global equities and the dollar have rallied in the five weeks since Donald Trump won the US election, with
  
  Read more

• Goldman Sachs expected to name Solomon, Schwartz as Cohn successors - WSJ

  14-12-2016 04:41 via news.yahoo.com
  
  (Reuters) - Goldman Sachs Group Inc is expected to elevate David Solomon and Harvey Schwartz to be top lieutenants to Chief Executive Lloyd Blankfein, according to a Wall Street Journal report on Tuesday citing people familiar with the matter. The hire, expected to be announced as early as Wednesday, comes after U.S. President-elect Donald Trump said he would appoint Goldman Sachs President and Chief Operating Officer Gary Cohn to head the White House National Economic Council, a group that coor
  
  Read more

• Yen Slips, Then Rises After Patchy Tankan

  14-12-2016 03:06
  The Japanese Yen weakened as investors digested the latest cautious Tankan, but they seem to like the survey’s detail more; it has quickly recovered some poise.
  
  Read more

• Aussie Dollar Reslient as Consumer Confidence Wilts

  14-12-2016 01:17
  The Australian Dollar has taken another peaky bit of local data in its stride, this time the news that Australian consumer confidence is plumbing eight-month lows.
  
  Read more

• Asia ready for Fed hike, nervous on rate outlook

  14-12-2016 00:29 via news.yahoo.com
  
  By Wayne Cole SYDNEY (Reuters) - Asia shares trailed Wall Street higher on Wednesday while the U.S. dollar held steady, with markets certain the Federal Reserve will raise rates for the first time in a year but less sure what it might signal for policy in 2017. The rally was again driven by speculation that a Trump Administration will implement more debt-financed fiscal stimulus and cut regulation. Bank of America Merrill Lynch's latest survey of investors found expectations of global growth at
  
  Read more

Follow @news_analyst on Twitter!