Analyst news

• Technical Weekly: Monthly US Dollar Charts Edition

  16-12-2016 23:44
  This is the last FXTW of 2016 so we interrupt your regular schedule of weekly charts and bring you monthlies.
  
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• FBI agent leaked insider trading probe involving gambler, Mickelson: U.S.

  16-12-2016 23:20 via news.yahoo.com
  
  U.S. prosecutors said on Friday that an FBI agent had confessed to being a "significant source" of leaked information to journalists covering an insider trading probe involving a famed Las Vegas sports gambler as well as professional golfer Phil Mickelson. Federal prosecutors in Manhattan, who are pursuing the case against gambler William "Billy" Walters, said in a letter filed in Manhattan federal court that the agent had admitted to being a source for The Wall Street Journal and The New York T
  
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• Fed's Bullard says has shifted view, sees a 2017 rate hike

  16-12-2016 23:04 via news.yahoo.com
  
  (Reuters) - St. Louis Federal Reserve President James Bullard, who until this week had said the U.S. economy needed only one interest rate hike for the next several years, said on Friday that he now views another rate hike next year as appropriate. Speaking two days after the Fed raised its benchmark rate by a quarter of a percentage point, Bullard told the Wall Street Journal that the rise in bond yields since the victory of U.S. President-elect Donald Trump has convinced him the economy can wi
  
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• UNNAMED FBI AGENT WAS 'SIGNIFICANT SOURCE' OF INFORMATION TO WALL STREET JOURNAL, NEW YORK TIMES – U.S. PROSECUTORS

  16-12-2016 22:55 via rocketnews.com
  
  Yahoo Reader: Trump has Narcissistic Personality Disorder. By definition he 1) Idealizes 2) devalues and 3) discards his “friends” (also known as Narcissistic Supply). This is repeatable behavior with narcissists (search NPD traits). Trump’s white working class supporters/voters are now being devalued and soon you will be “discarded” like yesterday’s garbage; flicked away like a useless booger. Now that he has your vote, you serve no useful purpose….yo
  
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• Pinterest misses, then lowers goal for female tech hires

  16-12-2016 22:53 via news.yahoo.com
  
  Pinterest has fallen short of its own goal to hire more women in tech roles, despite modest overall progress towards a more diverse workforce in the past year. The social scrapbooking site released a yearly update on employee demographics in a blog post Friday. SEE ALSO: New customizeable book helps girls smash tech stereotypes In it, the company stacked the diversity of its hires over the past year against ambitious target quotas it had set for itself. Pinterest said it managed to boost the por
  
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• Tech drags Wall Street lower; China tension weighs

  16-12-2016 22:46 via news.yahoo.com
  
  The stock was the biggest drag on the S&P and the tech sector. The Dow Jones industrial average fell 8.83 points, or 0.04 percent, to 19,843.41, the S&P 500 lost 3.96 points, or 0.18 percent, to 2,258.07 and the Nasdaq Composite dropped 19.69 points, or 0.36 percent, to 5,437.16. The Dow rose for its sixth consecutive week but the S&P 500 and Nasdaq posted slight weekly declines.
  
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• UPDATE 1-Quadruple witching day is not that scary for markets

  16-12-2016 22:25
  
  NEW YORK, Dec 16 (Reuters) - Friday marked "quadruple
  witching day," the quarterly simultaneous expiration of U.S.
  options and futures contracts,but ominous as it sounds,
  traders may have little to...
  
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• Dollar Technical Analysis: DXY Over-Extension The Biggest Hurdle

  16-12-2016 21:45
  After a Bullish Key Day on Wednesday, Only an Overbought USD may slow down the DXY on a Week-over-Week basis.
  
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• Patriot National shares fall as dividend delayed further

  16-12-2016 21:13
  
  Dec 16 (Reuters) - Shares of Patriot National Incfell 4.6 percent on Friday after it announced late Thursday that
  it could not pay a special dividend pending a court hearing that
  would happen late...
  
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• UPDATE 3-Pushed by investor Ackman, Chipotle adds four new directors

  16-12-2016 20:24
  
  Dec 16 (Reuters) - Chipotle Mexican Grill Inc, under
  pressure from activist investor Bill Ackman, named four new
  board members on Friday, paving the way for a reunion of sorts
  between its chief...
  
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• US Dollar Rally Continues to End Trading Week

  16-12-2016 19:35
  The US Dollar is set to close the week near multi year highs, pushing Dollar based pairs to extremes.
  
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• Deutsche Bank to pay more than $40 million to settle dark pool cases

  16-12-2016 19:30 via news.yahoo.com
  
  By Sarah N. Lynch WASHINGTON (Reuters) - A unit of Deutsche Bank AG conceded that it misled investors and violated securities laws and will pay more than $40 million (£32 million) to settle charges that it misinformed clients about how it routed orders to anonymous trading platforms known as dark pools, regulators said on Friday. The bank agreed to pay $37 million to settle charges from federal and New York state regulators, and an additional $3.25 million to the Financial Industry Regulat
  
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• Deutsche Bank to pay more than $40 mln to settle dark pool cases

  16-12-2016 19:17 via news.yahoo.com
  
  WASHINGTON, Dec (Shanghai: 600875.SS - news) 16 (Reuters) - A unit of Deutsche Bank AG (IOB: 0H7D.IL - news) conceded that it misled investors and violated securities laws and will pay more than $40 million to settle charges that it misinformed clients about how it routed orders to anonymous trading platforms known as dark pools, regulators said on Friday. The bank agreed to pay $37 million to settle charges from federal and New York state regulators, and an additional $3.25 million to the Finan
  
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• Disney and MLB purchase streaming rights for 'League of Legends'

  16-12-2016 19:02 via news.yahoo.com
  
  The rising popularity (and profitability) of esports is getting hard to ignore, so now more major companies are going in big. League of Legends developer Riot Games has sold its streaming rights to BAMTech, a digital media company created by Major League Baseball and recently partially acquired by Disney with a $1 billion minority stake. BAMTech has reportedly agreed to pay Riot at least $300 million through 2023 for exclusive streaming and monetization rights to League of Legends competitions,
  
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• Wall Street loses ground as tech stocks weigh

  16-12-2016 18:59 via news.yahoo.com
  
  The Dow is on track for its sixth weekly gain and less than 1 percent away from 20,000, a level it has never breached. The Federal Reserve, which raised interest rates for the second time in nearly a decade on Wednesday, sees a faster pace of rate hikes in 2017, partly due to the potential economic benefits from President-elect Donald Trump's policies. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the S&P rising 5.7 percent on bets that Trump's plans to deregul
  
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• Brexit Briefing: Maybe It’s the Euro You Should Worry About, Not the Pound

  16-12-2016 18:44
  Ahead of a week dominated by UK and EU confidence data, Thursday’s shambolic EU Summit suggests Brexit could be a greater risk for the Euro than for the British Pound.
  
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• Quadruple witching day is not that scary

  16-12-2016 18:37
  
  NEW YORK, Dec 16 (Reuters) - Friday marked "quadruple
  witching day," the quarterly simultaneous expiration of U.S.
  options and futures contracts,but ominous as it sounds,
  traders may have little to...
  
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• UPDATE 3-Honeywell forecasts 2017 organic sales growth of 1-3 pct

  16-12-2016 18:31
  
  * Sees 2017 earnings per share of $6.85-$7.10 vs est $7.08(Adds details from conference call)
  
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• Britain's FTSE posts 2nd week of gains, oil lends support

  16-12-2016 18:05
  
  * Micro Focus falls after downgrade(Recasts, adds quote and detail, updates prices at close)
  
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• Facebook proves, yet again, that it's terrible at math

  16-12-2016 17:58 via news.yahoo.com
  
  Facebook has announced yet another measurement error, the fourth time the company has come forward to admit a discrepancy in its calculations since September.  SEE ALSO: Facebook’s fake news fix comes way too late This time the error involved undercounting traffic from publishers who used Instant Articles, the platform where media outlets post content directly to the social network. Facebook said a software update caused mobile traffic from iPhone users to be undercounted from Sept. 2
  
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• Deutsche Bank to pay more than $37 mln to settle dark pool cases

  16-12-2016 17:50 via news.yahoo.com
  
  By Sarah N. Lynch WASHINGTON (Reuters) - A unit of Deutsche Bank AG will pay more than $37 million to settle charges that the bank misled clients about how it routed orders to anonymous trading platforms known as dark pools, regulators said on Friday. The bank agreed to pay $37 million to settle charges with federal and New York state regulators, and an additional $3.25 million to Financial Industry Regulatory Authority (FINRA), Wall Street's self-funded regulator. In settling with both the New
  
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• Deutsche Bank to pay more than $37 million to settle dark pool cases

  16-12-2016 17:39 via news.yahoo.com
  
  By Sarah N. Lynch WASHINGTON (Reuters) - A unit of Deutsche Bank AG will pay more than $37 million (29.71 million pound) to settle charges that the bank misled clients about how it routed orders to anonymous trading platforms known as dark pools, regulators said on Friday. The bank agreed to pay $37 million to settle charges with federal and New York state regulators, and an additional $3.25 million to Financial Industry Regulatory Authority (FINRA), Wall Street's self-funded regulator. In settl
  
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• S&P, Nasdaq flat as investors pause after rally

  16-12-2016 17:31 via news.yahoo.com
  
  The S&P 500 and the Nasdaq were little changed on Friday, while the Dow continued to march towards 20,000, a level it has never breached. The Dow was 103 points away from the historic mark and on track for its sixth weekly gains, after the Federal Reserve raised interest rates for the second time in nearly a decade earlier this week. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the S&P rising 5.7 percent on bets that Trump's plans to deregulate sectors and
  
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• USD/CAD Technical Analysis: Strong Reversal Puts Downtrend In Doubt

  16-12-2016 17:20
  The Canadian Dollar joined the rest of G10FX by bowing down to the USD in the wake of the expected rate hike with the unexpected steeper dot plot.
  
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• BRIEF-Monte dei Paschi shares suspended after falling 3.7 pct

  16-12-2016 16:02
  
  * shares in the Italian lender are temporarily suspended
  after falling 3.7 percent
  
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• Russian Ruble Holds Steady as Central Bank Meets Expectations but Hints at 2017 Rate Cut

  16-12-2016 16:00
  Russia’s Ruble is little changed against the Dollar after Russia’s central bank met expectations and chose Friday to hold its benchmark interest rate steady at 10%. However, it added it may cut rates in the first half of next year.
  
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• Markets Digest FOMC Hawkishness as BoJ Headlines Next Week

  16-12-2016 15:52
  After this week's FOMC announcement, risk markets stretched a bit-further and despite the overbought nature of many of these trends; they just haven't stopped.
  
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• Wall Street opens higher; Dow closes in on 20,000

  16-12-2016 15:44 via news.yahoo.com
  
  The Dow came within 50 points of hitting the historic mark on Thursday and is on track for its sixth weekly gains, a day after the Federal Reserve raised interest rates for the second time in nearly a decade. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the S&P rising 5.7 percent on bets that Trump's plans to deregulate sectors and increase infrastructure spending will boost the economy.
  
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• Wall Street opens higher; Dow aims for 20,000

  16-12-2016 15:39 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened higher on Friday, with the three major indexes on track to post weekly gains and the Dow within spitting distance of 20,000, a level it has never breached. The Dow Jones Industrial Average rose 40.11 points, or 0.2 percent, to 19,892.35. The S&P 500 gained 4.36 points, or 0.192747 percent, to 2,266.39. The Nasdaq Composite added 11.31 points, or 0.21 percent, to 5,468.16. (Reporting by Tanya Agrawal; Editing by Anil D'Silva)
  
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• Wall Street set to open higher; Dow closes in on 20,000

  16-12-2016 15:16 via news.yahoo.com
  
  U.S. stocks looked set to open higher on Friday, with the three major indexes on track to post weekly gains and the Dow within spitting distance of 20,000, a level it has never breached. The Dow came within 50 points of hitting the historic mark on Thursday and is on track for its sixth weekly gains, a day after the Federal Reserve raised interest rates for the second time in nearly a decade. U.S. stocks have been on a tear since the Nov. 8 presidential election, with the S&P rising 5.7 perc
  
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• UPDATE 2-Actelion's shares jump on report of Sanofi deal nearing

  16-12-2016 15:13
  
  * potential deal could come next week - Bloomberg(Adds background, updates shares)
  
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• Stock markets advance in face of Fed rate hike expectations

  16-12-2016 14:57 via news.yahoo.com
  
  LONDON (AP) — Stock market investors appear undeterred by the prospect of more interest rate hikes from the Federal Reserve next year as indexes continued to edge higher on Friday.
  
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• EUR/USD Bounces Intraday From Weekly Lows

  16-12-2016 14:27
  The EUR/USD has rebounded off of weekly lows to test key values of intraday resistance.
  
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• S&P 500: Looking to Confluence of Support on Further Retracement

  16-12-2016 13:42
  Market continues to hold up well, but with a little retracement here an important confluence of trend-lines could offer traders long entry.
  
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• Euro-Zone Inflation Stuck in Negative Territory in November

  16-12-2016 12:26
  The European Central Bank will hope that its latest boost to QE and a weaker Euro will prompt a rise in inflation after the latest CPI reading shows that prices are going backwards.
  
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• UK airline Monarch sees earnings flat in 2017 as competition bites

  16-12-2016 12:23 via news.yahoo.com
  
  By Sarah Young LONDON (Reuters) - Monarch [MONA.UL], the British airline recently bailed out by its investment fund owner, expects broadly flat earnings for 2017, with pressure on fares offsetting growing demand for tickets. Monarch, whose finances deteriorated this year after security concerns deterred travel to some destinations, is grappling with falling fares as rivals such as Ryanair and easyJet put more seats onto the market to try to gain market share. During 2016, Monarch warned the decl
  
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• EUR/USD Technical Analysis: Upswing May Yield Short Trade Setup

  16-12-2016 11:38
  The Euro accelerated downward against the US Dollar as expected, dropping to the lowest level in almost 14 years in the aftermath of the FOMC interest rate decision.
  
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• Britain's FTSE inches lower, still on track for 2nd week of gains

  16-12-2016 11:20
  
  LONDON, Dec 16 (Reuters) - Britain's top share index edged
  down on Friday after hitting a seven-week high the previous day,
  with IT firm Micro Focus falling after a rating
  downgrade and Antofagasta...
  
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• Australian, New Zealand Dollars Drop as China Ponders Year Ahead

  16-12-2016 10:45
  The Australian and New Zealand Dollars fell as top Chinese officials prepared to unveil the outcome of an annual gathering to set the path of economic policy for the coming year.
  
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• UPDATE 1-Actelion's shares jump on report of Sanofi deal nearing

  16-12-2016 10:26
  
  * potential deal could come next week - Bloomberg(Adds shares, background on negotiations)
  
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• Exclusive : UBS slashing nearly two dozen jobs in Asia to cut costs - sources

  16-12-2016 10:03 via news.yahoo.com
  
  By Sumeet Chatterjee and Fiona Lau HONG KONG (Reuters) - UBS Group AG is cutting nearly two dozen jobs in its Asian investment banking business, mainly in Hong Kong and Singapore, as part of a push to slash costs, people with direct knowledge of the matter said. The Swiss bank joins rivals in making investment banking cost cuts in Asia as deal volumes remain sluggish. Wall Street banks are grappling with a harsh environment in Asia as the region's economies and markets have failed to deliver sus
  
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• FTSE 100 Well Supported, Eyes for Record Highs

  16-12-2016 09:50
  UK stocks have a confluence of support below, risk trends should help push the market back to and possibly above previous record highs.
  
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• South African rand and stocks fall after Fed hike

  16-12-2016 09:43 via news.yahoo.com
  
  South Africa's rand stumbled as much as 1.5 percent against the dollar on Thursday, reaching its weakest in nearly three weeks in a broad-based emerging market sell-off after the U.S. Federal Reserve raised interest rates and signalled more to come. The Fed move also weighed heavily on gold shares that led the stock market lower. The rand fell to 14.1800/dollar, its weakest since Nov. 25 according to Thomson Reuters data, before clawing its way back to 13.9725 by 1556 GMT, still down from Wednes
  
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• BRIEF-Monte dei Paschi shares up 4 pct, debt swap offer reopened

  16-12-2016 09:10
  
  * Monte dei Paschi has opened its offer for a debt to equity
  conversion, a major part of a privately-funded rescue of the
  troubled bank, to retail investors.
  Further company coverage:
  (Reporting...
  
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• Turkey arrests Dogan executive in Gulen-linked probe - state media

  16-12-2016 09:08
  
  ISTANBUL, Dec 16 (Reuters) - Turkey has formally arrested an
  executive of Dogan Holding, a conglomerate with major
  media interests, in a widening probe into a U.S.-based cleric
  Ankara accuses of...
  
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• UK airline Monarch on track to meet 2016 earnings forecast

  16-12-2016 08:45 via news.yahoo.com
  
  British airline Monarch [MONA.UL] confirmed its forecast for annual earnings, after what it called a challenging year during which its majority shareholder had to provide it with a 165 million pound (165.27 million pounds) lifeline. Monarch said that it expected core earnings (EBITDA) to come in at 48 million pounds for the 12-months ended Oct. 31 2016, down by over a third from last year after security concerns affected travel demand for destinations like Tunisia, Egypt and Turkey. For summer n
  
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• Oracle's revenue growth falls short of analysts' expectations

  16-12-2016 06:57 via news.yahoo.com
  
  Business software maker Oracle Corp's adjusted revenue missed analysts' estimates for the seventh time in the last eight quarters, showing that its shift to cloud-based offerings is taking longer than Wall Street expected. Oracle, which gets little more than half of its revenue from outside the United States, said revenue in the latest second quarter was hurt by the dollar's gains, especially since the U.S. election, and an unforeseen Egyptian currency exchange loss. Its total cloud business rev
  
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• Asian markets trade mixed as investors continue to digest Fed decision

  16-12-2016 06:54 via news.yahoo.com
  
  While Asian stock market indices were trading mixed on Friday (16 December), the Shanghai Composite was down 0.04% at 3,116.39 as of 5.12am GMT following positive Wall Street close overnight even as investors were still digesting the latest decision by the US Federal Reserve.
  
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• Gold Prices May Bounce as Markets Digest Post-Fed Volatility

  16-12-2016 06:46
  Gold prices may turn higher after sliding to the lowest level in ten months as financial markets rethink the narrative emerging after the FOMC policy announcement.
  
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• UPDATE 2-Australia's Mayne Pharma Group shares tumble on U.S. lawsuit

  16-12-2016 05:59
  
  * U.S. states sue Mylan Pharma, others for fixing drug
  prices
  
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