Analyst news

• UPDATE 6-Yahoo under scrutiny after latest hack, Verizon seeks new deal terms

  15-12-2016 23:41
  
  NEW YORK, Dec 15 (Reuters) - Yahoo Inc came under
  renewed scrutiny by federal investigators and lawmakers on
  Thursday after disclosing the largest known data breach in
  history, prompting Verizon...
  
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• Wall Street rises, led by banks; Dow brushes against 20,000

  15-12-2016 22:38 via news.yahoo.com
  
  U.S. stocks rose on Thursday, led by gains in bank shares, a day after the Federal Reserve raised interest rates for the second time in nearly a decade. The Fed sees three rate hikes next year instead of the two foreseen in September, partly as a result of the fiscal stimulus expected to hit under President-elect Donald Trump. Trump's spending plans could trigger inflation and bring about higher interest rates, making banks a likely winning sector in the new administration.
  
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• Lilly eases investors' jitters with strong 2017 forecast

  15-12-2016 21:49 via news.yahoo.com
  
  Eli Lilly and Co, in a move that appeared to ease investor concerns after the failure of its high-profile Alzheimer's drug, on Thursday provided a 2017 forecast above Wall Street estimates and expressed confidence in recently launched products and those in development. Lilly shares jumped 5.7 percent to $71.51. "We are encouraged by Lilly's 2017 financial guidance," Leerink Partners analyst Seamus Fernandez said in a research note.
  
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• UPDATE 4-Lilly eases investors' jitters with strong 2017 forecast

  15-12-2016 21:48
  
  * Shares jump 5.7 percent(Adds ADA recommendation, U.S. launch of insulin product;
  updates shares)
  
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• UPDATE 1-SQM controller abandons stake sale as offers fall short

  15-12-2016 21:43
  
  SANTIAGO, Dec 15 (Reuters) - The sale of an indirect stake
  in Chile's SQM, one of the world's biggest producers of lithium
  and iodine, has ended without a successful buyer, after the
  owner of the...
  
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• USD/JPY Technical Analysis: Pushing Toward Negative Rates Pivot

  15-12-2016 21:10
  The December FOMC with a hawkish Dot Plot sent USD/JPY above 118. An essential Bullish support continues to hold and should discourage sellers until it breaks.
  
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• The Fed Cries ’Wolf’ - Dow Jones Industrial Average Retests Highs

  15-12-2016 21:04
  The Federal Reserve raised its key interest rate for the first time since December 2015. DJIA recovers from initial losses.
  
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• Oro Blanco indirect stake sale in Chile's SQM fails, shares plummet

  15-12-2016 21:02
  
  SANTIAGO, Dec 15 (Reuters) - Chilean holding company Oro
  Blanco said on Thursday it had decided not to go ahead
  with the sale of an indirect stake in lithium and fertilizer
  firm SQM after no...
  
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• USD/MXN Dives as Banxico Challenges Fed with a 50bp Hike

  15-12-2016 20:40
  The Bank of Mexico delivered a forceful 50bps interest rate hike amid consistent evidence of higher inflationary pressures and in an effort to stabilize a local currency near record lows.
  
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• U.S. banks must pay up to $2 billion more per year to shield taxpayers: Fed

  15-12-2016 19:36 via news.yahoo.com
  
  The largest U.S. banks will have to pay as much as $2 billion more a year to insure against a future market collapse, the U.S. Federal Reserve said on Thursday, as it outlined a new rule designed to further protect the financial system. The rule demands Wall Street holds more debt that could be converted to shareholder equity if a bank is pushed to bankruptcy. Half of the eight largest U.S. banks would need to issue roughly $50 billion in fresh debt to satisfy the new standard, known as Total Lo
  
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• Wall Street hovers near record high after Fed rate hike

  15-12-2016 19:24 via news.yahoo.com
  
  Fed Chair Janet Yellen also cited an improving labor market and evidence of faster inflation for its 2017 rate outlook. The central bank's decision to raise rates comes as Trump, who will be sworn in next month, is expected to cut taxes and boost spending on infrastructure. "Investors are buying Yellen's story that the rate hike is a vote of confidence in the economy," said Dave Donabedian, chief investment officer of Atlantic Trust in Boston.
  
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• UPDATE 3-Heineken and Patron agree to buy, break up UK's Punch Taverns

  15-12-2016 18:55
  
  * Punch shares jump to 2-year high on hopes of bidding war(Adds Punch chairman comments)
  
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• NZD/USD Post-FOMC Breakdown: Initial Support Targets in View

  15-12-2016 18:31
  An outside-day reversal off key resistance keeps the focus lower in kiwi heading into the close of the week. Here are the updated targets & invalidation levels that matter.
  
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• Brexit Briefing: UK Consumers Continue to Drive Economic Growth

  15-12-2016 18:24
  Wednesday’s UK jobs data suggested that British employers are finally slowing their hiring in the wake of the Brexit vote. Yet UK consumer spending has been robust since June’s Brexit referendum and continues to drive economic growth.
  
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• U.S. banks must pay up to $2 billion more per year to shield Wall Street - Fed

  15-12-2016 17:43 via news.yahoo.com
  
  The largest U.S. banks will have to pay as much as $2 billion more a year to insure against a future market collapse, the U.S. Federal Reserve said on Thursday, as it outlined a new rule designed to further protect the financial system. The rule demands Wall Street holds more debt that could be converted to shareholder equity if a bank is pushed to bankruptcy. Half of the eight largest U.S. banks would need to issue roughly $50 billion in fresh debt to satisfy the new standard, known as Total Lo
  
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• Wall Street rises as banks jump on interest rate outlook

  15-12-2016 17:38 via news.yahoo.com
  
  Fed Chair Janet Yellen also cited an improving labor market and evidence of faster inflation for its 2017 rate outlook. The central bank's decision to raise rates comes as Trump, who will be sworn in next month, is expected to cut taxes and boost spending on infrastructure. "Investors are buying Yellen's story that the rate hike is a vote of confidence in the economy," said Dave Donabedian, chief investment officer of Atlantic Trust in Boston.
  
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• After Fed Hikes, Banxico Meets with Pressure to Protect Mexican Peso

  15-12-2016 17:30
  The Bank of Mexico will likely hike rates again today in order to prevent the Peso from depreciating significantly, which would upend inflation expectations.
  
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• USD/JPY Marches Towards 120.00, RSI Pushes Deeper Into Overbought

  15-12-2016 16:25
  USD/JPY may looks poised to extend the recent series of higher highs & lows ahead of the BoJ’s last interest rate decision for 2016 as the bullish momentum gathers pace.
  
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• Gold Prices Punished as the Bullish Thesis Dies a Little Bit More

  15-12-2016 16:17
  Gold prices have been on quite the rollercoaster this year after jumping by 32% from last December's low. But with a more-hawkish Fed now driving U.S. rates-higher, Gold prices may have more pain ahead.
  
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• Wall Street slightly higher after Fed rate hike

  15-12-2016 16:14 via news.yahoo.com
  
  REUTERS - U.S. stocks opened slightly higher on Thursday, a day after the Federal Reserve increased interest rates for the first time this year and signaled a faster pace of hikes in 2017. The Dow Jones Industrial Average rose 22.86 points, or 0.12 percent, to 19,815.39. The S&P 500 gained 1.03 points, or 0.04 percent, to 2,254.31. The Nasdaq Composite added 2.85 points, or 0.05 percent, to 5,439.52. (Reporting by Tanya Agrawal in Bengaluru; Editing by Anil D'Silva)
  
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• British Pound Dips Slightly as Bank of England Sounds Brexit Warning

  15-12-2016 15:21
  The BoE will most likely stand pat on rates next year, but the MPC minutes highlight a slightly lower path for inflation, plus Brexit uncertainty, which could lessen the chances of future rate hikes.
  
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• US Dollar Rally Pauses as November CPI Falls in Line with Expectations

  15-12-2016 15:20
  Core consumer prices in November continued to be track higher, while headline prices remained stable.
  
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• Wall Street set to open lower on interest rate outlook

  15-12-2016 14:57 via news.yahoo.com
  
  Fed Chair Janet Yellen also cited an improving labor market and evidence of faster inflation for its 2017 rate outlook. The Fed's decision to raise rates comes as Trump, who will be sworn in next month, is expected to cut taxes and boost spending on infrastructure.
  
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• Higher US Yields Post-FOMC Pushing US Dollar to Fresh Highs

  15-12-2016 14:45
  In outlining the potential for three rate hikes in 2017 as opposed to the two that markets had been pricing in, the FOMC has given the US Dollar a fresh source of strength.
  
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• Gold Prices React to a Stronger US Dollar

  15-12-2016 14:37
  Gold prices have been sent to new lows, as the US Dollar strengthens to multi year highs on FOMC data.
  
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• Silver Prices Cratering (Finally)

  15-12-2016 13:14
  Silver is finally breaking lower after stubbornly trying to rally above 17 while gold continued its sell-off.
  
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• What major companies are ripe for a takeover?

  15-12-2016 12:22 via news.yahoo.com
  
  Five years on from Rupert Murdoch's failed bid for the 61% of UK TV giant Sky that he does not own, he is back with a new takeover offer worth 11.2bn ($14bn) pounds. This move would consolidate Murdoch's control on UK TV as well as print media, in addition to his widespread US media interests (including 21st Century Fox, the Fox News TV channel and The Wall Street Journal). This is of course great news for Sky's top management, who stand to make almost £40m from lucrative share awards, acc
  
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• Swiss Franc Eases Gently as Central Bank Leaves Rates Unchanged

  15-12-2016 12:14
  There was little news for traders in the latest rate decision by the Swiss National Bank. It left all its key interest rates on hold and promised again to intervene to prevent the Swiss Franc from strengthening.
  
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• AUD/USD Technical Analysis: Bearish Trend May Be Resuming

  15-12-2016 12:13
  The Australian Dollar may have resumed the down trend launched in early November after prices broke support guiding a corrective upswing from last month’s lows.
  
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• Euro Finds Little Relief After Euro-Zone PMIs Point to Healthy Q4 Growth

  15-12-2016 11:56
  A mixed-to-better bag of Euro-Zone PMI data failed to provide EURUSD with any uplift after the FOMC rate hike and raised expectations hit the single currency.
  
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• Yen Sinks on Global Bond Rout, US Dollar Rally May Extend on CPI

  15-12-2016 11:46
  The Japanese Yen slumped as bonds slumped and yields soared market-wide after the FOMC rate decision. Upbeat CPI data may help the US Dollar may build on recent gains.
  
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• EDF shares slump after warning of lower earnings in 2017

  15-12-2016 10:45 via news.yahoo.com
  
  By Sudip Kar-Gupta PARIS (Reuters) - Shares in French utility EDF lost more than a tenth of their stock market value on Thursday after the company warned of lower earnings in 2017. EDF shares were down 12.1 percent at 0930 GMT, the biggest loser on the STOXX Europe 600 index and on the French stock market , where the STOXX 600 and broader Paris SBF-120 index were up 0.3 percent and 0.4 percent respectively. EDF was also poised for a worst-ever one-day percentage fall, with the stock down nearly
  
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• Centrica lifts earnings outlook as European power price swings boost trading

  15-12-2016 10:41 via news.yahoo.com
  
  LONDON, Dec (Shanghai: 600875.SS - news) 15 (Reuters) - Centrica (Frankfurt: A0DK6K - news) , Britain's largest energy supplier, lifted its annual profit forecast on Thursday after its trading division reaped the benefits of big price swings in the European power market and it managed to save more money than expected. The utility, which owns household energy supplier British Gas, raised its 2016 adjusted earnings per share expectations by 6.5 percent to 16.5 pence and said adjusted operating cas
  
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• DAX Technical Outlook: Pullback Then Higher

  15-12-2016 10:26
  The market isn't presenting the best risk/reward trade here for new longs, but a pullback and hold of support could change that.
  
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• Gold, Crude Oil Prices May Fall More as US CPI Adds to Fed Impact

  15-12-2016 09:25
  Gold and crude oil prices fell after the Fed upgraded its 2017 rate hike outlook. More of the same may be on tap as November’s US CPI data comes across the wires.
  
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• Centrica lifts earnings outlook on cost cuts, strong energy trading

  15-12-2016 08:33 via news.yahoo.com
  
  LONDON (Reuters) - Britain's largest energy supplier Centrica lifted its full-year earnings expectations on Thursday due to better than expected cost savings and a strong trading performance amid volatile energy markets. The utility, which owns household energy supplier British Gas, said it now expected 2016 adjusted earnings per share of around 16.5 pence and adjusted operating cashflow of 2.4-2.6 billion pounds ($6.3 billion), compared with more than 2 billion pounds it previously expected. ..
  
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• GBP Relief Rally Struggles Ahead of BoE; Bearish RSI Trigger Unfolds

  15-12-2016 08:00
  More of the same from the BoE may undermine the relief rally in GBP/USD as Governor Mark Carney and Co. continues to warn ‘monetary policy can respond, in either direction.’
  
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• Asian markets slide as Fed raises its benchmark interest rate

  15-12-2016 07:29 via news.yahoo.com
  
  Asian stock market indices were trading lower on Thursday (15 December), with the Shanghai Composite down 0.29% at 3,131.31 as of 3:38 am GMT following the US Federal Reserve announcing its first interest rate increase this year.
  
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• Bombardier provides 2017 earnings forecast, reaffirms 2016 guidance

  15-12-2016 03:11 via news.yahoo.com
  
  (Reuters) - Canadian aircraft and train maker Bombardier Inc said on Wednesday growth in the rail business and the ramp up of the C Series aircraft program should help boost full-year consolidated revenue in 2017 by a low single digit percentage. "The strong momentum achieved in 2016 will continue into 2017," said Alain Bellemare, President and Chief Executive.
  
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• Aussie Dollar Steadied By In-Line Employment

  15-12-2016 03:05
  An upbeat set of Australian employment data saw AUD/USD pick itself up off the deck. It had been clobbered earlier by a hawkish Fed.
  
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• Aussie Dollar Steadied By Upbeat Employment Data

  15-12-2016 02:56
  An upbeat set of Australian employment data saw AUD/USD pick itself up off the deck. It had been clobbered earlier by a hawkish Fed.
  
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• Wall Street to Fed: Not so fast; dealers see only two hikes in 2017 - Reuters Poll

  15-12-2016 01:43 via news.yahoo.com
  
  Wall Street's top banks were not immediately swayed Wednesday by signals from the Federal Reserve that the pace of interest rate hikes could pick up significantly next year, sticking instead to a view that the U.S. central bank will lift borrowing costs no more than twice in 2017, according to a Reuters poll. The poll of primary dealers - the 23 banks that do business directly with the Fed - also showed that a majority of the participants expect U.S. President-elect Donald Trump's economic plans
  
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• Asia stocks, bonds struggle as Fed flags more hikes

  15-12-2016 01:43 via news.yahoo.com
  
  By Wayne Cole and Hideyuki Sano SYDNEY/TOKYO (Reuters) - Asian shares and currencies struggled on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for. Wall Street suffered its biggest percentage decline since before the Nov. 8 U.S. presidential election, though the loss was slight compared with gains of the last month or so. The Fed's rate rise of 25 basis points to 0.5-0.75 percent
  
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• New Zealand Dollar Shrugs Off Latest Property-Market Numbers

  15-12-2016 01:06
  The New Zealand Dollar remained focused on the Fed despite the release of data underlining large regional differences in the local property market.
  
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• Asia stocks, bonds to struggle as Fed flags more hikes

  15-12-2016 00:24 via news.yahoo.com
  
  By Wayne Cole SYDNEY (Reuters) - Asian markets were set for a rough ride on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for. Wall Street suffered its biggest percentage decline since before the Nov. 8 U.S. presidential election, though the loss was slight compared with gains of the last month or so. The Fed's rate rise of 25 basis points to 0.5-0.75 percent was well flagged but i
  
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