Analyst news

• FBI agent's insider trading case leaks subject of criminal probe

  21-12-2016 23:42 via news.yahoo.com
  
  The U.S. Justice Department's internal watchdog has opened a criminal probe of an FBI agent's leaks to journalists about an insider trading probe involving a Las Vegas sports gambler and professional golfer Phil Mickelson, a prosecutor said on Wednesday. Joan Loughnane, chief counsel for Manhattan U.S. Attorney Preet Bharara, disclosed the probe by the Justice Department's Office of the Inspector General during a court hearing on the insider trading case against gambler William "Billy" Walters.
  
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• Post-election rally pauses as stocks, dollar slip

  21-12-2016 22:44 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - Stocks edged down and the dollar eased from a 14-year high on Wednesday, giving back some of the gains chalked up since Donald Trump's U.S. election victory as investors took profits on the rally in risk assets over the past six weeks. Wall Street was modestly lower with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. The Dow remained just below the 20,000 threshold.
  
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• Wall Street loses ground after Trump rally

  21-12-2016 22:35 via news.yahoo.com
  
  U.S. stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. The Dow briefly rose to within 15 points of 20,000, a level it has never reached, but relinquished that gain and spent most of the session at a loss. U.S. stocks have rallied since the Nov. 8 election, with the Dow up 9 percent and the S&P 500 gaining 6 percent on bets that President-elect Donald Trump's plans for deregula
  
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• Wall Street slips, dragged by healthcare and real estate

  21-12-2016 22:07 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. The Dow Jones Industrial Average fell 30.87 points, or 0.15 percent, to 19,943.75, the S&P 500 lost 5.47 points, or 0.24 percent, to 2,265.29 and the Nasdaq Composite dropped 12.51 points, or 0.23 percent, to 5,471.43. (Reporting by Noel Randewich; Editing by Meredith Mazzilli)
  
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• GLOBAL MARKETS-Trump rally pauses as stocks, dollar slip on profit-taking

  21-12-2016 20:51 via news.yahoo.com
  
  NEW YORK, Dec (Shanghai: 600875.SS - news) 21 (Reuters) - Stocks edged down and the dollar eased from 14-year highs on Wednesday, giving back some of the gains chalked up since Donald Trump's U.S. election victory as investors took profits on the rally in risk assets over the past six weeks. Wall Street was modestly lower with the Dow Jones industrial average remaining just below the 20,000 threshold. U.S. stocks have surged since the election.
  
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• China’s Market News: FX, Bonds, Equities - Three Linked Markets

  21-12-2016 20:04
  The offshore Yuan is currently trading higher than the onshore Yuan, which is uncommon. What’s going on in another two Chinese markets may help to explain this.
  
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• EUR/JPY Technical Analysis: ECB-Weakness a Mere Blip in the Trend

  21-12-2016 19:42
  The ECB brought weakness to the Euro two weeks ago when extending their QE program; but that weakness was short-lived against the Yen, where something 'bigger' appears to be brewing.
  
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• Wall Street little changed in muted pre-holiday trading

  21-12-2016 19:00 via news.yahoo.com
  
  U.S. stocks were little changed in muted pre-holiday trading on Wednesday as investors paused, a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. The Dow came within 15 points of hitting 20,000, the historic level it has threatened to breach for several days. "The 20,000 mark is just a number, but it's also a nice chance to step back and plan for the coming year," said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.
  
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• World's oldest bank poised for state bail-out as investors shun rescue plan

  21-12-2016 18:32 via news.yahoo.com
  
  The world's oldest bank is poised for a state bail-out after hopes for a private sector rescue crumbled. The Italian government looks set to step in to save Banca Monte dei Paschi di Siena (IOB: 0R7P.IL - news)  using a new €20bn package designed to prop up the country's ailing banking sector. Shares (Berlin: DI6.BE - news) in the bank endured a torrid day on the Milan stock market - and were temporarily suspended - after it warned on Wednesday that it could run out of money withi
  
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• GBP/JPY Technical Analysis: Bullish Continuation Seeking Higher-Low

  21-12-2016 18:28
  GBP/JPY opened the year at 177.00, and then dropped-down to 123.00 after Brexit. And now we're back-up towards 150.00 after the election. So, it's been a volatile year, even for 'the dragon,' and traders will likely want to proceed with caution as we move towards year-end.
  
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• Upbeat Consumer Confidence Can’t Unclip Euro’s Wings

  21-12-2016 17:48
  EURUSD is unmoved after consumer confidence in the Euro-Zone rose in December by more than economists had expected.
  
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• Goldman Sachs to pay $120 million over attempted ISDAFIX benchmark manipulation

  21-12-2016 17:36 via news.yahoo.com
  
  Goldman Sachs Group Inc will pay a $120 million penalty to resolve civil charges that it attempted to manipulate a global benchmark for interest rate products known on Wall Street as "ISDAFIX," U.S. derivatives regulators said Wednesday. The case against Goldman Sachs, brought by the Commodity Futures Trading Commission, was the latest in a series of broad investigations into manipulation by big banks of a variety of global benchmark rates. To date, the CFTC has imposed penalties of over $5.2 bi
  
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• Goldman Sachs to pay $120 mln over attempted ISDAFIX benchmark manipulation

  21-12-2016 17:31 via news.yahoo.com
  
  WASHINGTON, Dec (Shanghai: 600875.SS - news) 21 (Reuters) - Goldman Sachs Group Inc will pay a $120 million penalty to resolve civil charges that it attempted to manipulate a global benchmark for interest rate products known on Wall Street as "ISDAFIX," U.S. derivatives regulators said Wednesday. The case against Goldman Sachs, brought by the Commodity Futures Trading Commission, was the latest in a series of broad investigations into manipulation by big banks of a variety of global benchmark ra
  
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• Wall Street eases in muted trading as investors pause

  21-12-2016 17:23 via news.yahoo.com
  
  The Dow came within 15 points of hitting 20,000 level, the historic level it has threatened to breach for several days. "The 20,000 mark is just a number, but it's also a nice chance to step back and plan for the coming year," said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina. U.S. stocks have been roaring ahead since the election, with the Dow up about 9 percent and the S&P 500 6 percent on bets that President-elect Donald Trump's plans for deregulati
  
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• Trump rally pauses as stocks, dollar slip on profit taking

  21-12-2016 17:16 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - Stocks edged down and the dollar eased from 14-year highs on Wednesday, giving back some of the gains chalked up since Donald Trump's U.S. election victory as investors took profits on the rally in risk assets over the past six weeks. Wall Street opened modestly lower, in line with European indexes, with the Dow Jones Industrial Average remaining just below the 20,000 mark. U.S. stocks have been roaring ahead since the election, with the Dow up 9 percent and
  
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• GBP/USD Technical Analysis: Cable is Testing Support

  21-12-2016 16:55
  While the British Pound was one of the few currencies to hang with the U.S. Dollar's strength throughout November, a dovish ECB and hakwish Fed have helped to soften the move. But we're still supported at 1.2300, and this market isn't yet 'bearish.'
  
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• Brexit Briefing: British Pound Under Renewed Pressure on Brexit Uncertainty Fears

  21-12-2016 16:35
  GBP/USD hit a fresh one-month low on Tuesday, though is trading slightly higher now towards the end of the European trading day on Wednesday.
  
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• A volatile calm - the paradox of 2016 financial markets

  21-12-2016 16:26 via news.yahoo.com
  
  By Jamie McGeever and Vikram Subhedar LONDON (Reuters) - Traditional measures of volatility at historic lows and Wall Street stocks at new record highs went hand-in-hand in 2016 with traders fretting about bouts of wild stock-price swings and currency flash-crashes. The past year has been nothing if not paradoxical for financial markets - a landscape that will probably persist in 2017. The proliferation of automated trading and passive investing, extreme levels of speculative positioning in an i
  
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• USD/CHF Technical Analysis: Swissy Breakout Stalls at Six-Year-Highs

  21-12-2016 15:55
  The Fed-induced breakout in USD/CHF sent the pair to fresh six-year-highs; but sellers showed-up shortly after and have yet to abate. Might this false breakout be signaling a reversal?
  
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• Gold Prices Are Still Bearish; But Very Oversold

  21-12-2016 14:46
  One of the most bullish trends from the first half of the year turned into one of the most bearish in the second; but despite Gold's incredibly-bearish posture, this market is deeply oversold.
  
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• Dollar retreats from 14-year high, banks drag Europe shares lower

  21-12-2016 14:15 via news.yahoo.com
  
  By Nigel Stephenson LONDON (Reuters) - The dollar eased from 14-year highs on Wednesday, giving back some of the gains chalked up since Donald Trump's U.S. election victory, while concerns over banks pulled European shares lower. Wall Street also looked set to open lower, according to index futures, after the Dow Jones industrial average climbed to within 25 points of the 20,000 mark on Tuesday. A widespread conviction that Trump's policies will boost the U.S. economy has powered the dollar and
  
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• GLOBAL MARKETS-Dollar retreats from 14-year high, banks drag Europe shares lower

  21-12-2016 14:12 via news.yahoo.com
  
  LONDON, Dec (Shanghai: 600875.SS - news) 21 (Reuters) - The dollar eased from 14-year highs on Wednesday, giving back some of the gains chalked up since Donald Trump's U.S. election victory, while concerns over banks pulled European shares lower. Wall Street also looked set to open lower, according to index futures, after the Dow Jones industrial average climbed to within 25 points of the 20,000 mark on Tuesday. A widespread conviction that Trump's policies will boost the U.S. economy has powere
  
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• S&P 500 Tech Update: Staying the Course, Eyeing Higher Prices

  21-12-2016 14:07
  The market continues to hold steady, likely to see new highs sooner rather than later, butif not, support not far below.
  
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• GBP/USD Holds its Ground Despite Disappointing UK Borrowing Data

  21-12-2016 12:16
  UK public sector net borrowing was higher than expected in November but GBP/USD was stable. Some profit-taking could boost the pair ahead of the New Year.
  
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• Dollar retreats from 14-year high, banks pull European shares lower

  21-12-2016 11:13 via rocketnews.com
  
  By Nigel Stephenson
  LONDON (Reuters) – The dollar eased back from 14-year highs as bond yields fell on Wednesday while concerns over banks pulled European shares lower, as momentum from Asia and Wall Street faded.
  A widespread conviction that incoming president Donald Trump’s policies will boost the U.S. economy have driven up the dollar and Treasury yields since his election in early November and pushed U.S. stocks to record highs.
  The Dow Jones industrial average hit a record clos
  
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• GLOBAL MARKETS-Dollar retreats from 14-year high, banks pull European shares lower

  21-12-2016 11:08 via news.yahoo.com
  
  LONDON, Dec (Shanghai: 600875.SS - news) 21 (Reuters) - The dollar eased back from 14-year highs as bond yields fell on Wednesday while concerns over banks pulled European shares lower, as momentum from Asia and Wall Street faded. A widespread conviction that incoming president Donald Trump's policies will boost the U.S. economy have driven up the dollar and Treasury yields since his election in early November and pushed U.S. stocks to record highs. The dollar index, which measures the greenback
  
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• Global stocks mixed after Wall Street gains

  21-12-2016 11:02 via news.yahoo.com
  
  BEIJING (AP) — Global stock markets were mixed in a narrow range Wednesday after U.S. stocks hit record levels despite attacks in Germany and Turkey.
  
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• USD/SEK Jumpy as Riksbank Holds Rates, Boosts Bond Buying

  21-12-2016 11:00
  The Swedish Krona turned volatile after Riksbank extended its bond-buying program by another SEK30 billion as inflation remains stubbornly below expectations.
  
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• DAX Technical Update: Drifting Higher in Light Trade

  21-12-2016 10:14
  Market likely to keep a bid into year end, but don't get complacent if holding a position.
  
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• MIDEAST STOCKS-Gulf edges up before Saudi budget, Egypt continues bull run

  21-12-2016 09:50 via news.yahoo.com
  
  Gulf stock markets edged up early on Wednesday ahead of the release of Saudi Arabia's state budget for 2017, which is expected on Thursday. Egypt's stock market continued its bull run. Arabian Pipes jumped 5.2 percent after saying it had won a 72 million riyal ($19.2 million) order to supply pipes to oil giant Saudi Aramco, while Saudi Steel Pipes 6.1 percent after reporting a similar order from Aramco.
  
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• Most Asian markets pick up US baton, resume rally

  21-12-2016 09:33 via news.yahoo.com
  
  Most Asian markets turned higher Wednesday as investors tracked another record on Wall Street and refocused on the global economy after two deadly attacks. The Berlin Christmas market horror and shooting of Russia's Turkish ambassador fanned concerns that fresh geopolitical woes could upend a rally in world assets triggered by Donald Trump's election as US president. "Noteworthy is the resilience of equity markets and low volatility in the face of two horrific terrorist attacks in Europe," Jason
  
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• Crude Oil Prices May Extend Gains on Inventories Drawdown

  21-12-2016 08:11
  Crude oil prices may continue higher after the largest advance in three weeks if official EIA inventory data confirms a private-sector estimate hinting at a steep drawdown.
  
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• Sensex ticks up after five sessions of falls

  21-12-2016 08:07 via news.yahoo.com
  
  Indian shares edged higher on Wednesday after five consecutive sessions of declines, in line with Asian shares following a record-breaking session on Wall Street overnight. The NASDAQ Composite rose to an all-time high while the Dow Jones industrial average flirted with the 20,000 mark, in a rally fuelled by optimism about U.S. President-elect Donald Trump's policies. Investors now keep an eye out for the minutes of the Reserve Bank of India's monetary policy committee (MPC) meeting earlier this
  
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• Dollar basks in yield allure, Nikkei touches one-year peak

  21-12-2016 06:48 via news.yahoo.com
  
  The dollar has been reveling in its rapidly widening yield premium, with the Federal Reserve set on a tightening course even as its peers in Europe and Japan act to keep their short-term rates deep in negative territory. The dollar index, which measures it against a basket of currencies, stood at 103.110 having reached 103.65 , its highest since December 2002. On Wall Street, the Dow had ended Tuesday just 25 points shy of the magical 20,000 barrier helped by a 1.68 percent gain in Goldman Sachs
  
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• Dollar basks in yield allure, Nikkei touches 1-year peak

  21-12-2016 06:48 via news.yahoo.com
  
  The dollar has been revelling in its rapidly widening yield premium, with the Federal Reserve set on a tightening course even as its peers in Europe and Japan act to keep their short-term rates deep in negative territory. "Dollar strength should keep pressure on G10 and Asian FX into the new year." The dollar index, which measures it against a basket of currencies, stood at 103.110 having reached 103.65 , its highest since December 2002. On Wall Street, the Dow had ended Tuesday just 25 points s
  
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• Currency Markets Face Reversal Risk in Thin Pre-Holiday Trade

  21-12-2016 06:43
  Currency markets may see significant reversals of recent trends as year-end flows take center stage amid thinning liquidity and a lull in top-tier event risk.
  
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• China stocks rebound as liquidity concerns ease; HK firms

  21-12-2016 06:27 via news.yahoo.com
  
  China stocks rebounded on Wednesday morning, as fears of a liquidity squeeze in the banking system subsided after risks from a high-profile bond scandal appeared contained. Hong Kong stocks also rose, tracking Wall Street where the Dow and Nasdaq Composite climbed to record highs on Tuesday, extending a rally fuelled by hopes of stronger economic growth under Donald Trump's presidency. The markets found solace after Sealand Securities Co Ltd, the brokerage embroiled in a bond scandal, said on We
  
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• USD/JPY Vigor Can Survive Liquidity Drop

  21-12-2016 06:24
  Will the soaring USD/JPY we’ve become used to since November see any reversal as markets hunker down for the low-liquidity Holidays? Given a light data schedule in prospect, that must be doubtful
  
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• UPDATE 1-Japan Display shares hit 1-year high on report of imminent state-fund aid

  21-12-2016 05:19
  
  * INCJ finalising $640 million aid for display maker -NHK
  report(Adds JOLED, updates share price, other details)
  
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• Japan Display shares surge on report of imminent state-fund aid

  21-12-2016 04:35
  
  TOKYO, Dec 21 (Reuters) - Shares of Japan Display Inc
  surged 8 percent in morning trade on Wednesday after
  media reported that its state-backed main investor was
  finalising $640 million in aid for...
  
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• Yen Gains on Japan’s Cabinet Office Report

  21-12-2016 04:26
  It is not all going US Dollar bulls’ way into the Holiday season as an upbeat assessment of Japan’s prospects gives the Japanese Yen a boost.
  
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• Asian markets pick up US baton, resume rally

  21-12-2016 04:07 via news.yahoo.com
  
  Asian markets turned higher Wednesday and the dollar resumed its upward march as investors tracked another record on Wall Street and refocused on the global economy after Europe's deadly attacks. The Berlin Christmas market horror and shooting of Russia's Turkish ambassador fanned concerns that fresh geopolitical woes could upend a rally in world assets triggered by Donald Trump's election as US president. "Noteworthy is the resilience of equity markets and low volatility in the face of two horr
  
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• New Zealand Dollar Little Changed as Trade Deficit Tightens, GDP Ahead

  21-12-2016 02:25
  The New Zealand Dollar strengthened 0.14 percent against the US Dollar in the hour following data that showed the country’s trade deficit decreased.
  
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• Nike earnings rise, bullish on China

  21-12-2016 01:50 via news.yahoo.com
  
  Nike reported higher second-quarter earnings Tuesday behind increased sales in key markets, including China, and said it was making progress in cutting inventory in North America. Executives gave an upbeat outlook on China, where sales jumped 12 percent to $1.1 billion. Participation in the Shanghai marathon was 38,000 and nearly four times that many tried to sign up, said Nike brand president Trevor Edwards.
  
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• Dollar profits from yield allure, Nikkei at one-year peak

  21-12-2016 01:22 via news.yahoo.com
  
  Japan's Nikkei added 0.4 percent in early trade, while Australia's main index climbed to its highest in almost 17 months after Wall Street racked up more records. The dollar revelled in its rapidly widening yield premium, with the Federal Reserve set on a tightening course even as its peers in Europe and Japan act to keep their short-term rates deep in negative territory. The dollar index, which measures it against a basket of currencies, stood at 103.260 having touched 103.65 , its highest sinc
  
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• European stocks slip as Italian bank woes resurface

  21-12-2016 01:01 via news.yahoo.com
  
  Europe's main stock markets dropped Wednesday, with focus once more on Italian bank Monte dei Paschi, whose shares tumbled on fading hopes that it will avoid a state bailout. Around 1115 GMT, London's benchmark FTSE 100 index was down 0.2 percent compared with the close on Tuesday. In the eurozone, Frankfurt's DAX 30 slipped 0.1 percent and the Paris CAC 40 shed 0.5 percent.
  
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• UPDATE 2-Nike revenue beats; sees rebound in basketball category

  21-12-2016 00:44
  
  Dec 20 (Reuters) - Nike Inc, the world's largest
  footwear maker, reported better-than-expected quarterly revenue
  and profit, and indicated a rebound in its basketball category.
  
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