Analyst news

• World stocks rise; dollar dips on U.S. labour data, yuan surge

  05-01-2017 22:44 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - Global equity prices shrugged off weakness on Wall Street to cling to gains after hitting their highest level since mid-2015 on Thursday, bolstered by strong Chinese data that added to optimism about global growth and inflation. The dollar slipped against a basket of major currencies after U.S. inflation and unemployment data failed to reverse a downtrend that followed some of the biggest gains on record for China's yuan. U.S. Treasury debt yields slippe
  
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• World stocks rise; dollar dips on U.S. labor data, yuan surge

  05-01-2017 22:43 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - Global equity prices shrugged off weakness on Wall Street to cling to gains after hitting their highest level since mid-2015 on Thursday, bolstered by strong Chinese data that added to optimism about global growth and inflation. The dollar slipped against a basket of major currencies after U.S. inflation and unemployment data failed to reverse a downtrend that followed some of the biggest gains on record for China's yuan. U.S. Treasury debt yields slippe
  
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• Nasdaq reaches record high, Macy's stirs retail fear

  05-01-2017 22:32 via news.yahoo.com
  
  The Nasdaq squeaked out a record high close on Thursday thanks to Amazon.com, while deep drops in Macy's, Kohl's and other department stores weighed on the broader stock market. U.S. stocks have wavered over the past three weeks following a strong surge in the wake of the November election, with investors expecting President-elect Donald Trump to stimulate the economy through tax cuts and infrastructure spending. "The market is pausing for a reason, it’s waiting for confirmation from Washi
  
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• Amazon leads Nasdaq to record; S&P off on banks, retail

  05-01-2017 22:13 via news.yahoo.com
  
  NEW YORK (Reuters) - The S&P 500 closed slightly lower on Thursday weighed by financial shares and as investors dumped traditional retailers, but the Nasdaq Composite set a record closing high led by the strength of online retailer Amazon . The Dow Jones Industrial Average fell 42.87 points, or 0.21 percent, to 19,899.29, the S&P 500 lost 1.75 points, or 0.08 percent, to 2,269 and the Nasdaq Composite added 10.93 points, or 0.2 percent, to 5,487.94. (Reporting by Rodrigo Campos; Editing
  
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• Possible Fed limits on Wall Street energy bets will be 'harmful': U.S. Chamber

  05-01-2017 21:34 via news.yahoo.com
  
  The U.S. Chamber of Commerce on Thursday blasted the Federal Reserve's regulatory work and called on the central bank to scrap a proposal to limit Wall Street's energy bets and commodities investments. The group, which says it represents more than 3 million U.S. businesses and professional organizations, wrote to the Fed that it should withdraw its proposed plan to require banks to hold more capital against energy and commodity investments. Wall Street also could not control power plants and ban
  
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• GBP/CAD Testing Key Support Ahead of Canada Employment

  05-01-2017 21:32
  GBP/CAD responded to confluence support this week with key resistance eyed at 1.6580. Here are the updated targets & invalidation levels that matter into the release.
  
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• GLOBAL MARKETS-World stocks hold gains; dollar dips on U.S. labor data, yuan surge

  05-01-2017 21:19 via news.yahoo.com
  
  * Chinese numbers add to upbeat factory data in Europe, U.S. NEW YORK, Jan 5 (Reuters) - World stocks shrugged off weakness on Wall Street to cling to gains after hitting their highest level since mid-2015 on Thursday, bolstered by strong Chinese data that added to optimism about global growth and inflation. The dollar slipped against a basket of major currencies after U.S. inflation and unemployment data failed to reverse a downtrend that followed some of the biggest gains on record for China's
  
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• Next time Trump tweets about a company, this app will let you know if it cost you some cash

  05-01-2017 21:01 via news.yahoo.com
  
  President-elect Donald Trump's tweets are causing swings in the stock market, and there's finally an app to prepare.   The stock market app Trigger just added a new feature that will notify users when Trump tweets about a publicly traded stock that they own. The app already provides real-time stock alerts based on economic news, earnings reports and other current events.  "While it’s no surprise that Trump has been actively tweeting since the election, no one anticipated that a s
  
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• Is Trump Headed for a Showdown With America’s Spy Agencies?

  05-01-2017 19:41 via news.yahoo.com
  
  How incoming president Donald Trump will interact with the U.S. Intelligence Community is an increasingly urgent question given the threats that the nation and its interests face from terrorists and unfriendly state actors. Late Wednesday, The Wall Street Journal, citing unnamed sources close to the Trump transition team, reported that the incoming administration was expected to engineer a major shake-up of the IC infrastructure by greatly diminishing the role of the Director of National Intelli
  
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• Dow, S&P set for first day of losses this year

  05-01-2017 19:15 via rocketnews.com
  
  By Yashaswini Swamynathan
  (Reuters) – The Dow Jones Industrial Average and the S&P 500 were poised for their first down day this year as investors sold bank stocks, which had been the driving force behind the Trump rally over the past two months.
  The S&P 500 financial index <.SPSY> was down 1.6 percent in early afternoon trading – set for its worst day since September – due to declines in JPMorgan <JPM.N>, Wells Fargo <WFC.N> and Bank of America <B
  
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• AUD/USD NFP Game Plan- Constructive Above of 7280

  05-01-2017 18:52
  The rebound off the December lows has cleared near-term technical resistance ahead of key US data tomorrow. Here are the updated targets & invalidation levels that matter.
  
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• World stocks hold gains; dollar dips on U.S. labour data, yuan surge

  05-01-2017 18:21 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - World stocks shrugged off weakness on Wall Street to cling to gains after hitting their highest level since mid-2015 on Thursday, bolstered by strong Chinese data that added to optimism about global growth and inflation. The dollar lost ground against the yen and euro after U.S. labour data failed to reverse a downtrend that followed some of the biggest gains on record for China's yuan. U.S. Treasury debt yields slipped as investors grew uncertain about
  
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• World stocks hold gains; dollar dips on U.S. labor data, yuan surge

  05-01-2017 18:21 via news.yahoo.com
  
  World stocks shrugged off weakness on Wall Street to cling to gains after hitting their highest level since mid-2015 on Thursday, bolstered by strong Chinese data that added to optimism about global growth and inflation. The dollar lost ground against the yen and euro after U.S. labor data failed to reverse a downtrend that followed some of the biggest gains on record for China's yuan. The index has been riding a wave of upbeat factory and service sector surveys out of the United States, Europe
  
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• Bank stocks bring down S&P, Dow; techs prop up Nasdaq

  05-01-2017 18:13 via news.yahoo.com
  
  A rise in technology stocks helped the Nasdaq eke out small gains on Thursday but was not enough to pull the S&P 500 and the Dow into the black as banks stocks weighed. "We are at the top of the range from the perspective of the Dow and the S&P, so that means we have a little bit of downside room to move, but frankly I think it will be fairly minimal," said Randy Frederick, vice president of trading and derivatives at Charles Schwab & Co. At 11:06 a.m. ET (1606 GMT), the Dow Jones In
  
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• Silver Prices Rally Ahead of Friday’s NFP Release

  05-01-2017 17:30
  Silver prices continue to rally into tomorrow’s NFP release. Expectations for the event are set at +178k.
  
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• U.S. Dollar Unable to Gain Ground Despite Strong ISM-Services Data

  05-01-2017 17:12
  Economic data shows job growth remains solid but is slowing and that the services sector will continue to support a moderate expansion.
  
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• GBP/JPY Technical Analysis: Seeking Support Confirmation

  05-01-2017 17:07
  Waiting for higher-low with the goal of bullish-continuation can be an arduous task. If short-term support can remain, we may have that higher-low in GBP/JPY.
  
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• Wall Street flat as banks, discretionary stocks fall, tech rises

  05-01-2017 16:01 via news.yahoo.com
  
  "Overall it looks like investors will be in a wait-and-see mode ahead of the Labor Department report tomorrow," said Aaron Clark, portfolio manager at GW&K Investment Management. "There is a growing gap between expectations for stimulus measures versus what likely will be the reality, so we might get some buyer's remorse when the market realizes that all these changes will not happen as quickly as they expect," Clark said. Almost every Federal Reserve policymaker said Trump's promises of tax
  
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• Wall Street opens slightly lower as banks weigh

  05-01-2017 15:39 via rocketnews.com
  
  U.S.Police in Chandler, Arizona, have released surveillance footage from an April 2016 shootout that left two officers injured and the suspect dead. On April 23, 2016, at around 6:21 a.m., Officers Joshua Pueblo and Daniel Colwell responded to a non-emergency call about a person trespassing at a Walmart store, police said. Colwell arrived first and spoke with the suspect, whom police identified as Mitchell Oakley. Police said that shortly after Pueblo arrived, Oakley then shot both officers mul
  
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• Gold Prices Move Up $50 from the Lows: Short-Squeeze or Start of Something More?

  05-01-2017 15:15
  After sinking by more than $200 in the six weeks after the election, Gold prices have caught a strong bid-higher. Is the bearish move done, or just taking a break?
  
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• S&P 500: Base Building, Non-Farm Payrolls Tomorrow

  05-01-2017 13:52
  The market is off to a positive note so far in Jan, but a bit more backing-and-filling might be what is needed to launch higher.
  
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• FOMC Minutes Dent Dollar; DXY Still in Range

  05-01-2017 13:49
  The DXY Index has tested both sides of its 102.05-103.64 range in the past three days.
  
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• GBP/USD Underpinned After Strong UK Services PMI Release

  05-01-2017 12:22
  The British Pound pushed back against the US Dollar after the latest Markit Services PMI report showed the UK economy ended 2016 on a strong note.
  
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• AUD/USD Technical Analysis: Aussie Jumps Most in 4 Months

  05-01-2017 11:48
  The Australian Dollar is mounting a spirited recovery against its US counterpart, with prices posting the largest daily advance in four months.
  
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• Crude Oil Prices Eye Inventory Data, Gold May Extend Recovery

  05-01-2017 11:07
  Crude oil prices are looking to EIA inventory data for another boost while gold prices may continue to recover as ADP and ISM figures cool Fed rate hike speculation.
  
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• FTSE 100: Persistent Rise Impressive, but Dip Risk Growing

  05-01-2017 09:57
  The UK market continues to rise into new record territory, but risk of a pullback is increasing.
  
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• US Dollar Pullback May Continue on ISM, ADP Data

  05-01-2017 09:54
  The US Dollar may fall further as soft ISM and ADP data offer fresh fodder for profit-taking on the so-called “Trump trade” that brought prices to a 14-year high.
  
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• Asian markets mixed despite positive Wall Street close and growth in China's services sector

  05-01-2017 08:04 via news.yahoo.com
  
  While Asian stock market indices were trading mixed on Thursday (5 January), the Shanghai Composite was up 0.05% at 3,160.50 as of 5.44am GMT despite positive Wall Street close overnight and data showing growth in China's services sector.
  
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• Asian stocks rise for eighth day on PMIs; yuan soars ahead of inauguration

  05-01-2017 07:46 via news.yahoo.com
  
  By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks climbed for an eighth consecutive day on Thursday, buoyed by further gains on Wall Street and an overnight bounce in oil prices that bolstered energy and resource shares.
  
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• Asian stocks rise for 8th day on PMIs; yuan soars ahead of inauguration

  05-01-2017 07:05 via news.yahoo.com
  
  By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks climbed for an eighth consecutive day on Thursday, buoyed by further gains on Wall Street and an overnight bounce in oil prices that bolstered energy and resource shares. MSCI's broadest index of Asia-Pacific stocks outside Japan rose more than 1 percent, extending a rally that has seen it gain 2 percent in the opening days of 2017. India and Hong Kong led gains, while Japan's Nikkei slipped 0.3 percent as the yen edged up on the dollar.
  
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• Australian Dollar Ticks Up On More China PMI Gains

  05-01-2017 04:24
  The Australian Dollar did not capitalize much on the release of data showing that China’s economy is heading into 2017 in buoyant form.
  
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• Asian stocks rise for eighth day on strong PMIs, Wall Street gains

  05-01-2017 04:10 via news.yahoo.com
  
  By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks rose for an eighth consecutive day on Thursday, buoyed by further gains on Wall Street and an overnight bounce in oil prices that bolstered energy shares. MSCI's broadest index of Asia-Pacific stocks outside Japan rose 0.6 percent in early trade, extending a rally that has seen it gain nearly 2 percent in the opening days of 2017. Australia and Hong Kong led gains, while Japan's Nikkei slipped 0.3 percent as the yen edged up on the dollar.
  
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• Asia stocks fizzle over Fed uncertainty

  05-01-2017 04:05 via news.yahoo.com
  
  Asian stocks drifted Thursday, as gains on Wall Street overnight were offset by questions over the US Federal Reserve's December meeting which signalled more US interest rate rises. Tokyo moved in a narrow range after closing sharply up Wednesday, following a strong performance on global markets. Hong Kong was up but Shanghai was flat, with dealers saying market sentiment was muted ahead of the release of Chinese trade data next week.
  
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• Taiwan stocks hit near 3-week high tracking Wall St; flat panel makers up

  05-01-2017 03:48 via news.yahoo.com
  
  TAIPEI (Reuters) - Taiwan stocks rose to an almost three-week high on Thursday, tracking gains on Wall Street and led by flat panel makers including Innolux Corp. As of 0226 GMT, the main TAIEX index rose 0.4 percent, to 9,322.10, a level not seen since Dec. 16. It hit a two-week intraday high in the prior session. The electronics subindex rose 0.4 percent, while the financials subindex gained 0.3 percent. Among the most actively traded shares, Taiwan's biggest flat panel makers Innolux and AU O
  
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• Factbox: Trump fills top jobs for his administration

  05-01-2017 03:28 via news.yahoo.com
  
  (Reuters) - President-elect Donald Trump on Wednesday said Walter "Jay" Clayton, an attorney who advises clients on major Wall Street deals, was his choice to lead the U.S. Securities and Exchange Commission. Below is a list of Republican Trump's selections for top jobs in his administration. Senate confirmation is required for all the posts except national security adviser and White House posts.
  
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• Yen Unimpressed as Service and Composite PMIs Climb to Highs

  05-01-2017 02:45
  The Japanese Yen brushed off a pair of PMI surveys that showed the pace of service-sector and overall activity growth accelerated to the fastest since January 2016 and August 2015 respectfully.
  
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• Hong Kong Dollar Gains as PMI Shows Expansion at Last

  05-01-2017 02:17
  The Hong Kong Dollar gained after Purchasing Managers data for December limped into expansion territory for the first time in nearly two years.
  
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• UPDATE 3-Macy's, Kohl's slash 2016 profit forecasts citing weak holiday sales

  05-01-2017 02:08
  
  * Shares of Macy's and Kohl's plunge(Adds analyst comment, details on sales impact; updates shares)
  
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• Australian Dollar Ticks Up On News of Service Sector Surge

  05-01-2017 01:43
  The Australian Dollar didn’t gain much despite data showing the strongest month for its home country’s service sector in nearly ten years.
  
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• Asian stocks edge higher on Wall Street cues; oil up

  05-01-2017 01:33 via news.yahoo.com
  
  Asian stocks edged higher on Thursday, underpinned by a firm Wall Street after minutes from the Federal Reserve's December meeting suggested a less hawkish stance from policymakers. Oil prices rose on expectations of drops in U.S. inventories. Early Asian markets such as Australia rose 0.4 percent.
  
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• U.S. prosecutors name FBI agent accused of leaking insider trading probe

  05-01-2017 00:31 via news.yahoo.com
  
  (Adds details on case, background on FBI agent) By Nate Raymond NEW YORK, Jan 4 (Reuters) - U.S. prosecutors on Wednesday identified the FBI agent who they say admitted to leaking information to reporters about an insider trading probe involving a Las Vegas sports gambler and golfer Phil Mickelson. David Chaves, a Federal Bureau of Investigation coordinating supervisory special agent, was named in court papers filed in Manhattan federal court as the agent prosecutors say leaked details about the
  
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• US stocks gain as Fed mulls faster rate hikes

  05-01-2017 00:18 via news.yahoo.com
  
  Wall Street stocks won solid gains Wednesday while European markets were little changed as Federal Reserve policymakers signaled they could hasten US interest rate increases.
  
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• USD/CAD Technical Analysis: Entering Into A Pivotal Zone

  05-01-2017 00:00
  The Canadian Dollar strength been a surprising development at the start of 2017 as the USD fails to catch bids while USD/CAD sits at chart support.
  
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