Analyst news

• Retailers weigh on Wall Street, Dow 20,000 slips away

  22-12-2016 22:25 via news.yahoo.com
  
  U.S. stocks fell on Thursday, weighed down by weakness in retailers, as investors stepped back from a recent rally fuelled by optimism that President-elect Donald Trump will invigorate economic growth. The decline pulled the Dow Jones industrial average further away from the 20,000 mark after it nearly breached that level this week for the first time. Retail stocks fell after CNN reported Trump's transition team is considering a tariff of as much as 10 percent on imports.
  
  Read more

• Global stocks fall, dollar muted as Trump rally pauses for second day

  22-12-2016 22:18 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - Stock markets around the globe dipped and U.S. equities posted their first back-to-back daily declines of the month on Thursday as the rally that has sent Wall Street shares to record highs since Donald Trump's U.S. election victory paused ahead of the Christmas holiday weekend. U.S. Treasury yields rose after data showed the U.S. economy grew faster than initially thought in the third quarter, notching its best performance in two years, and as investors prep
  
  Read more

• Wall Street dips as retailers lag

  22-12-2016 22:04 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks fell on Thursday, weighed down by a dip in retailers, as investors stepped back from a recent rally fuelled by optimism that President-elect Donald Trump will invigorate economic growth. The Dow Jones Industrial Average fell 22.95 points, or 0.12 percent, to 19,919.01, the S&P 500 lost 4.22 points, or 0.19 percent, to 2,260.96 and the Nasdaq Composite dropped 24.01 points, or 0.44 percent, to 5,447.42. (Reporting by Chuck Mikolajczak; Editing by James Dalglei
  
  Read more

• Monte dei Paschi woes in focus as stock markets ease

  22-12-2016 21:20 via news.yahoo.com
  
  World equities drifted Thursday, with worries about Italy's Monte dei Paschi di Siena bank creating the only disturbance in the force of pre-holiday inertia. London managed a small gain at the close, Paris ended flat and Frankfurt finished the day slightly down. Wall Street was lower approaching midday in New York, slipping a little further away from the elusive 20,000 target on the Dow index.
  
  Read more

• Advertisement

• Global stocks slip, dollar pauses as Trump rally stumbles a second day

  22-12-2016 20:31 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - Stock markets around the globe edged lower and U.S. equities headed for their first back-to-back daily declines of the month on Thursday as the rally that has sent Wall Street shares to record highs since Donald Trump's U.S. election victory paused ahead of the Christmas holiday weekend. The Dow was on track for its first two-day decline since Nov. 4. "We can barely see any significant moves in equities, fixed income or even currency markets today, suggesting
  
  Read more

• Icahn says EPA, bank regulations hamper U.S. economy - CNBC

  22-12-2016 20:17 via news.yahoo.com
  
  Billionaire investor Carl Icahn targeted environmental and banking regulations on Thursday as big drags on U.S. corporate investment and said revamping them would be a top priority in his role as adviser to President-elect Donald Trump. Icahn, tapped by Trump on Wednesday as a special adviser for regulatory reform, also said in an interview on CNBC that he was surprised at criticism that his vast business dealings would pose conflicts of interest with his advisory role. "I honestly am sort of su
  
  Read more

• Wall Street lower in light trading as investors pause

  22-12-2016 19:12 via news.yahoo.com
  
  U.S. stocks have rallied since the Nov. 8 election, with the Dow up about 9 percent and the S&P 500 gaining 6 percent on bets that the economy would benefit from President-elect Donald Trump's plans for deregulation and infrastructure spending.
  
  Read more

• UPDATE 1-Nokia shares fall on patent dispute with Apple

  22-12-2016 19:01
  
  HELSINKI/BELGRADE, Dec 22 (Reuters) - Nokiashares fell by nearly 5 percent on Thursday in Helsinki as
  analysts warned a legal battle with Apple could delay
  for years royalty payments that are vital...
  
  Read more

• Advertisement

• Britain's FTSE ends at 2-month high helped by oil stocks

  22-12-2016 18:21
  
  LONDON/MILAN, Dec 22 (Reuters) - British shares edged up to
  two-month highs on Thursday, led by gains in the energy sector
  and among precious metals miners.
  
  Read more

• Wall Street falls as investors pause ahead of holiday season

  22-12-2016 17:27 via news.yahoo.com
  
  The Dow has been flirting with the historic level for the last several days and came within 13 points of the mark on Wednesday. U.S. stocks have rallied since the Nov. 8 election, with the Dow up about 9 percent and the S&P 500 gaining 6 percent on bets that the economy would benefit from President-elect Donald Trump's plans for deregulation and infrastructure spending.
  
  Read more

• Global stocks, dollar slip as Trump rally stumbles for second day

  22-12-2016 17:25 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - The dollar slumped and U.S. equities headed for their first back-to-back daily declines of the month as the rally that sent Wall Street stocks to record highs since Donald Trump's U.S. election victory paused ahead of the Christmas holiday weekend. "We can barely see any significant moves in equities, fixed income or even currency markets today, suggesting that more consolidation is expected throughout the remaining days of 2016." The Dow Jones Industrial Ave
  
  Read more

• Three Market Themes to Follow for 2017

  22-12-2016 16:02
  With 2016 looking to end on a very positive note, stock prices are at historically-elevated levels as we enter a year in which the Federal Reserve is looking to normalize policy with another three rate hikes.
  
  Read more

• USDollar Rises as Durable Goods Orders Shrink But Beat Expectations

  22-12-2016 15:45
  The USD strengthened as Durable Goods beat expectations and GDP was revised higher.
  
  Read more

• USD/CAD Gains After Canadian Inflation Data Miss and Better-than-Expected US 3Q GDP

  22-12-2016 15:30
  Weakening inflationary pressures will ease market’s perception that Bank of Canada will try to follow the Fed’s tightening cycle in the upcoming year.
  
  Read more

• GLOBAL MARKETS-Euro, Italian shares up as Monte Paschi heads for rescue

  22-12-2016 14:07 via news.yahoo.com
  
  LONDON, Dec (Shanghai: 600875.SS - news) 22 (Reuters) - European markets were poised for one last burst of action before the end of the year on Thursday, with Italy expected to outline plans to rescue the world's oldest and now its most troubled bank, Monte dei Paschi (Milan: BMPS.MI - news) di Siena. Futures pointed to a slightly lower open on Wall Street although U.S. shares remain very near all-time peaks. Shares (Berlin: DI6.BE - news) in Milan climbed 0.6 percent, flanked by the euro on hop
  
  Read more

• As 2016 ends, "Trumponomics" tempts investors back to equities

  22-12-2016 13:50 via news.yahoo.com
  
  By Claire Milhench LONDON (Reuters) - Global investors' equity holdings rose to six-month highs in December on bets that U.S. President-elect Donald Trump's promised fiscal splurge would spur higher growth and inflation, a Reuters monthly poll showed on Thursday. Trump's plans to cut taxes and boost spending have sent Wall Street to record highs in December as investors pile into everything from banks, to energy and materials and other infrastructure-related names. The last Reuters asset allocat
  
  Read more

• Corrected - A volatile calm - the paradox of 2016 financial markets

  22-12-2016 13:31 via news.yahoo.com
  
  (Clarifies nature of transactions in 9th paragraph below crosshead in story released on Dec 21) 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 proliferati
  
  Read more

• Poll: British funds add to stocks, see faster growth in 2017

  22-12-2016 13:22 via news.yahoo.com
  
  British investment funds picked up more equities in December on expectations that increased spending by some governments would drive an acceleration in economic growth, benefiting everything from banks to construction firms. Reuters' monthly survey of 13 UK-based investors, carried out from Dec. 15 to 21, showed funds increased their equity holdings to 45.4 percent, up one percentage point from November, and trimmed their cash positions to 7.5 percent from 9.6 percent. U.S. President-elect Donal
  
  Read more

• CORRECTED-ANALYSIS-A volatile calm - the paradox of 2016 financial markets

  22-12-2016 13:10
  
  LONDON, Dec 21 (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...
  
  Read more

• Reuters polls - British funds add to stocks, see faster growth in 2017

  22-12-2016 13:01 via news.yahoo.com
  
  By Claire Milhench LONDON (Reuters) - British investment funds picked up more equities in December on expectations that increased spending by some governments would drive an acceleration in economic growth, benefiting everything from banks to construction firms. Reuters' monthly survey of 13 UK-based investors, carried out from Dec. 15 to 21, showed funds increased their equity holdings to 45.4 percent, up one percentage point from November, and trimmed their cash positions to 7.5 percent from 9
  
  Read more

• Wall Street and oil take the 2016 spoils

  22-12-2016 12:12 via news.yahoo.com
  
  In a year of shocks, including Britain's vote to leave the European Union and Donald Trump's election as U.S. president, several major assets have been on a rollercoaster. The euro is down 4.5 percent.
  
  Read more

• Brexit Briefing: UK Climbs Best for Business List Despite Brexit Warnings

  22-12-2016 12:05
  Britain has climbed from tenth to fifth in the annual Best for Business list compiled by Forbes despite the warnings by remain campaigners ahead of the June referendum on EU membership that a divorce would hit the UK hard.
  
  Read more

• EUR/USD Edges Higher on ECB Bulletin in Holiday Thinned Markets

  22-12-2016 11:42
  Euro-Zone growth remains muted while inflation may jump in 2017 as higher energy prices feed through into the economy.
  
  Read more

• Nokia shares fall on patent dispute with Apple

  22-12-2016 11:31
  
  HELSINKI/BELGRADE, Dec 22 (Reuters) - Nokiashares fell more than 4 percent on Thursday as analysts warned a
  legal battle with Apple could delay for years royalty
  payments that are vital to shoring...
  
  Read more

• Baidu plans $1 billion IPO for video-streaming site iQiyi.com - WSJ

  22-12-2016 11:17 via news.yahoo.com
  
  (Reuters) - Baidu Inc, China's largest internet search company, plans an initial public offering of shares in its video-streaming site, iQiyi.com, the Wall Street Journal reported, citing people familiar with the matter. Baidu is considering listing iQiyi in either Hong Kong or in the United States next year and could raise about $1 billion through the IPO, the Journal reported.
  
  Read more

• Baidu plans $1 bln IPO for video-streaming site iQiyi.com - WSJ

  22-12-2016 11:09 via news.yahoo.com
  
  Baidu Inc, China's largest internet search company, plans an initial public offering of shares in its video-streaming site, iQiyi.com, the Wall Street Journal reported, citing people familiar with the matter. Baidu is considering listing iQiyi in either Hong Kong or in the United States next year and could raise about $1 billion through the IPO, the Journal reported.
  
  Read more

• Britain's FTSE slips from 2-month high

  22-12-2016 10:55
  
  LONDON, Dec 22 (Reuters) - British shares retreated on
  Thursday, slipping from a 2-month high hit in the previous
  session as mining stocks tracked copper prices lower.
  
  Read more

• Global shares meander in thin pre-holiday trading

  22-12-2016 10:52 via news.yahoo.com
  
  Global shares meandered Thursday after a lackluster day on Wall Street. Benchmarks in Europe were little changed while most Asian markets slipped after President-elect Donald Trump named an economist who ...
  
  Read more

• FTSE 100 Technical Update: Supported in Holiday Drift

  22-12-2016 10:10
  There is good support below for the FTSE, light holiday trade to continue, eyeing record highs at some point.
  
  Read more

• BRIEF-Monte dei Paschi shares pare losses, up more than 3 pct

  22-12-2016 10:06
  
  * Shares pare losses, now up more than 3 percent
  Further company coverage:
  (Reporting by Milan newsroom)
  
  Read more

• BRIEF-Monte dei Paschi shares down 4 pct in volatile trade

  22-12-2016 09:51
  
  * shares previously halted for excessive lossesFurther company coverage:
  (Reporting by Milan newsroom)
  
  Read more

• Most Asia markets lower after US losses

  22-12-2016 09:50 via news.yahoo.com
  
  Asian markets mostly turned lower Thursday following a rare drop for this month on Wall Street, with concerns about Italy's banking sector denting confidence.
  
  Read more

• Gold Prices May Ignore US GDP Update as the Fed Looks Elsewhere

  22-12-2016 09:33
  Gold prices may ignore an upgraded third-quarter US GDP data given the outcome’s limited implications for Fed policy bets, where the 2017 outlook remains the key unknown.
  
  Read more

• Wall Street holiday parties are back…but don't tell anyone

  22-12-2016 09:24 via rocketnews.com
  
  By Lawrence Delevingne and Olivia Oran
  NEW YORK (Reuters) – Wall Street holiday parties this year took place in luxury venues like the Waldorf Astoria, featured women dressed as glowing angels, and had fine wine, scotch and bourbon on hand.
  But organizers of the soirées, conscious of tighter budgets and public scrutiny, are not eager to discuss the merriment.
  Big financial firms started curtailing year-end bashes in 2008 as taxpayer bailouts, populist outrage and weak profits creat
  
  Read more

• Wall Street holiday parties are back...but don't tell anyone

  22-12-2016 07:06 via news.yahoo.com
  
  Wall Street holiday parties this year took place in luxury venues like the Waldorf Astoria, featured women dressed as glowing angels, and had fine wine, scotch and bourbon on hand. Some investment banks stopped sponsoring corporate holiday parties altogether, advising individual teams to use their own budgets for more intimate gatherings. Catering managers and event planners said that while holiday party spending is still down relative to its pre-financial crisis peak, Wall Street is starting to
  
  Read more

• MIDEAST STOCKS-Gulf set to consolidate before Saudi budget

  22-12-2016 06:43 via news.yahoo.com
  
  Gulf stock markets look set to consolidate in quiet trade on Thursday ahead of the announcement of Saudi Arabia's 2017 state budget in the afternoon. Sources familiar with budget planning told Reuters the government would reveal substantial progress in cutting the budget deficit from a record high in 2015, and that state spending would be raised in 2017 to support economic growth. This would be positive for the stock market, but many investors may wait to buy stocks until they see details of aus
  
  Read more

• Canadian Dollar Loses Crude Oil Price Focus, Trump Trade Takes All

  22-12-2016 06:10
  The Canadian Dollar is acting less like a commodity currency and more like just another “Trump trade” victim of the rampant greenback. It may do so for some time yet.
  
  Read more

• Asian shares slip in holiday-thinned trade, focus turns to U.S. data

  22-12-2016 04:54 via news.yahoo.com
  
  Asian shares struggled on Thursday after a lacklustre performance on Wall Street, with investors looking to U.S. economic data later in the day for potential catalysts even as markets started winding down ahead of the holidays. MSCI's broadest index of Asia-Pacific shares outside Japan erased early modest gains and slipped 0.3 percent, while Japan's Nikkei stock index was down 0.2 percent. U.S. stocks, which have been on a tear since the Nov. 8 election on bets that the incoming administration o
  
  Read more

• Asia markets mostly down after US losses

  22-12-2016 04:05 via news.yahoo.com
  
  Asian markets mostly turned lower Thursday following a rare drop for this month on Wall Street, with concerns about Italy's banking sector denting confidence.
  
  Read more

• Crude Oil Prices Fall as Inventories Build, Beating Expectations

  22-12-2016 03:00
  Crude oil prices fell nearly 2 percent after the Energy Information Agency reported a 2.25mb addition to inventories, whereas a 2.5mb withdrawal was expected.
  
  Read more

• New Zealand Dollar Unimpressed by Upbeat GDP Data

  22-12-2016 02:55
  The New Zealand Dollar spiked momentarily following the release of the country's third quarter GDP data but it quickly returned to pre-event levels.
  
  Read more

• British Pound Gains Despite Gloomy GfK Consumer Roundup

  22-12-2016 02:46
  The British Pound was boosted by a very modest UK consumer-confidence beat, but the GfK snapshot makes gloomy reading overall.
  
  Read more

• Asian shares wobble, knocked by Wall Street losses

  22-12-2016 01:37 via news.yahoo.com
  
  MSCI's broadest index of Asia-Pacific shares outside Japan was slightly higher in early trade, while Japan's Nikkei stock index slumped 0.6 percent. U.S. stocks, which have been on a tear since the Nov. 8 election on bets that the incoming Trump Administration will embark on growth-stimulating, inflation-stoking policies, pulled back from the record highs logged in the previous session. "There weren't any major market-making data points coming out, and I think that's why the markets are kind of
  
  Read more

• Icahn tapped as Trump's special adviser on regulatory issues

  22-12-2016 01:18 via news.yahoo.com
  
  By Emily Stephenson and Svea Herbst-Bayliss (Reuters) - Billionaire Carl Icahn will advise Donald Trump on rescinding what the activist investor called "excessive regulation" on U.S. businesses, the president-elect's transition team announced on Wednesday. Icahn will serve as a special adviser, not a federal employee, and he will not have specific duties, Trump's team said in a statement. The pick could draw scrutiny because Icahn, whose major investments include insurer American International G
  
  Read more

Follow @news_analyst on Twitter!