Analyst news

• Dollar Technical Analysis: Watch USD At This Juncture

  12-01-2017 23:51
  USD has significantly disappointed the faithful at the start of 2017. A break below upcoming trend support could turn the tide from Bullish to Neutral.
  
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• Stocks falter on Trump, Fiat diesel travails

  12-01-2017 23:34 via news.yahoo.com
  
  Global stocks fell on Thursday and the US dollar sank as investors showed signs Wall Street's post-election rally could be stalling.
  
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• U.S. stocks end lower, dollar sags as Trump trades ease

  12-01-2017 22:50 via news.yahoo.com
  
  By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Wall Street stocks fell and the U.S. dollar dropped to a five-week low on Thursday after President-elect Donald Trump, in his eagerly-awaited news briefing the previous day, failed to provide details on fiscal policies that were expected to bolster the economy. Investors were hoping for commentary on the new administration's plans for fiscal stimulus and tax cuts. Instead, Trump remarked on a broad range of topics such as the Mexican wall, allegat
  
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• Wall St. falls before earnings and on U.S. policy uncertainty

  12-01-2017 22:43 via news.yahoo.com
  
  The three major U.S. stock indexes closed lower on Thursday as investors waited for fourth-quarter corporate earnings and details of U.S. President-elect Donald Trump's economic policy eight days ahead of his inauguration. While stocks pared losses as the session wore on, all but four of the S&P 500's 11 sectors ended lower, with financials leading the decline a day ahead of the first major earnings reports in that sector. The S&P had risen 6.4 percent since the Nov. 8 election.
  
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• US banks ready bond issuance flood after earnings

  12-01-2017 22:31 via news.yahoo.com
  
  US banks are facing wider secondary market spreads as they prepare to unleash a deluge of bond issuance after reporting fourth-quarter earnings from Friday. Deals are expected to come thick and fast as banks strive to meet the Federal Reserve's 2019 deadline for Total Loss Absorbing Capacity requirements. Bank of America Merrill Lynch, JP Morgan and Wells Fargo (Swiss: WFC-USD.SW - news) could kick off proceedings as early as Friday, when they report earnings before the market opens.
  
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• USD/CAD at Risk for Further Losses Sub-1.33

  12-01-2017 22:21
  An outside day reversal yesterday followed through with today's decline responding to near-term slope support. Here are the updated targets & invalidation levels that matter.
  
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• Canada's AltaGas in merger talks with Washington Gas parent: WSJ

  12-01-2017 22:20 via news.yahoo.com
  
  (Reuters) - Canada's AltaGas is in talks to merge with WGL Holdings Inc , the parent of natural-gas utility Washington Gas, in a deal worth $5 billion-$6 billion, the Wall Street Journal reported, citing people familiar with the matter. WGL's shares rose 6.8 percent to $81 in late-afternoon trading on Thursday, while AltaGas's stock was down 1.3 pct at C$33.65.
  
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• Exclusive: Morgan Stanley cuts bankers, bonuses as deals, IPOs stall - sources

  12-01-2017 22:14 via news.yahoo.com
  
  Morgan Stanley laid off a number of senior investment bankers last week and cut bonuses by roughly 15 percent because of a decline in revenue from dealmaking and capital raising across Wall Street, people with knowledge of the matter told Reuters. Individual bankers were awarded different amounts depending on performance and geographic region, though many received a smaller paycheck for 2016, said the sources on Thursday, who were not authorized to discuss compensation publicly. Morgan Stanley,
  
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• Wall St. falls with earnings in sight

  12-01-2017 22:09 via news.yahoo.com
  
  NEW YORK (Reuters) - The three major U.S. stock indexes closed lower on Thursday as investors awaited fourth-quarter earnings and details of U.S. President-elect Donald Trump's economic policy a week before his inauguration. The Dow Jones Industrial Average fell 63.28 points, or 0.32 percent, to 19,891, the S&P 500 lost 4.88 points, or 0.21 percent, to 2,270.44 and the Nasdaq Composite dropped 16.16 points, or 0.29 percent, to 5,547.49. (Reporting by Sinead Carew; Editing by Nick Zieminski)
  
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• 3 Questions the Senate Needs to Ask Treasury Nominee Steve Mnuchin

  12-01-2017 20:34 via news.yahoo.com
  
  Steven Mnuchin, the former Goldman Sachs banker, Wall Street investor and Hollywood financier who has been nominated for Treasury Secretary by president-elect Donald Trump, says he will divest sizeable holdings if confirmed. Politico reported yesterday that Mnuchin intends to divest his positions in a portfolio of big-name investments that include Wall Street behemoths Citi, Goldman, and Blackstone, plus AT&T, Berkshire Hathaway, CIT Group, Comcast, General Electric, IBM, Lehman Brothers Hol
  
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• U.S. stocks retreat, dollar slumps as Trump optimism wanes

  12-01-2017 20:15 via news.yahoo.com
  
  By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Wall Street stocks fell and the U.S. dollar dropped to a five-week low on Thursday after President-elect Donald Trump, in his eagerly-awaited news briefing the previous day, failed to provide details on fiscal policies that were expected to bolster the economy. Instead, Trump remarked on a broad range of topics such as the Mexican wall, allegations of Russian hacking and his business interests but left out what investors wanted to hear about - fis
  
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• Why the Trump Rally May Turn into the Trump Slump

  12-01-2017 19:56 via news.yahoo.com
  
  Wall Street's post-election honeymoon with The Donald could well be ending — and with it, the historic three-month uptrend that pushed the Dow Jones Industrial Average from a pre-election swoon below 17,900 to within a point of 20,000. Trump’s press conference on Wednesday didn’t help, but the market’s turn is about more than just that.  Valuations are stretched. Any disappointment could unleash a torrent of pent up selling pressure and cast a pall on Trump's first w
  
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• Wall Street set for worst day in 2017 as Trump-trade fizzles

  12-01-2017 18:56 via news.yahoo.com
  
  In his first news conference since election, Trump on Wednesday gave no details on tax cuts or infrastructure spending. "Some wind has been taken out of the reflation trade, at least for the short term," said Jeff Zipper, managing director at the Private Client Reserve, U.S. Bank in Florida. Despite the minor recovery, the Dow has further retreated from the 20,000-point mark, while the Nasdaq is set to snap a four-session streak of closing at record highs.
  
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• Crude Oil Price Forecast: Oil’s Impressive Polarity Zone Pivot

  12-01-2017 18:53
  Crude Oil has aggressively bounced higher by over 6% in two days on confirmation from Saudi’s Oil Minister on OPEC deal participation and a weak USD.
  
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• U.S. stocks slide, dollar drops as Trump optimism wanes

  12-01-2017 18:42 via news.yahoo.com
  
  By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Wall Street stocks fell nearly 1 percent and the U.S. dollar dropped to a five-week low on Thursday after President-elect Donald Trump's eagerly awaited news briefing the previous day ignored his fiscal policies, which are expected to boost the economy. Instead, Trump remarked on a broad range of topics such as the Mexican wall, allegations of Russian hacking and his business interests but left out what investors wanted to hear about - fiscal spen
  
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• Brexit Briefing: Probability of Higher UK Rates Rises, Pound Should Benefit

  12-01-2017 18:11
  Had it not been for Donald Trump’s Wednesday press conference, more attention would have been paid to Mark Carney. His comments made a UK rate rise more likely, implying a higher British Pound.
  
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• Apple reportedly wants to start making TV shows

  12-01-2017 18:06 via rocketnews.com
  Apple is in talks to begin making high-end television shows that could rival the kind of work produced by HBO and Netflix, according to a report from the Wall Street Journal.
  The company has been in talks with studio executives and producers, and hopes to have something to show for its efforts by the end of 2017, according to the report.
  That’s the kind of news that can send shivers down the spines — or dollar signs into the dreams — of the entire entertainment industry. Apple
  
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• GBP/USD ’Flash Crash’ Range in Play Ahead of U.K. CPI

  12-01-2017 17:36
  GBP/USD may stage a larger recovery ahead of the U.K. CPI print amid the ongoing failed attempts to close below the 1.2100 (61.8% expansion) handle.
  
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• EXCLUSIVE-U.S. EPA to accuse Fiat Chrysler of excess diesel emissions -sources

  12-01-2017 16:37
  
  Jan 12 (Reuters) - The U.S. Environmental Protection Agency
  on Thursday will accuse Fiat Chrysler Automobiles NVof using software that allowed excess diesel emissions in just
  over 100,000 U.S....
  
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• UPDATE 1-Elliott discloses 8.3 pct stake in Advisory Board

  12-01-2017 16:30
  
  Jan 12 (Reuters) - Elliott Associates LP, a unit of activist
  hedge fund Elliott Management Corp, disclosed an 8.3 percent
  stake in Advisory Board Co, saying the company's stock
  was "significantly...
  
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• Deloitte opens Americas blockchain lab in New York

  12-01-2017 16:16 via news.yahoo.com
  
  Consultancy giant Deloitte has opened a client-focused blockchain lab in New York's Wall Street district.
  
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• Dollar tumbles, bonds rebound as Trump traction fades

  12-01-2017 15:49 via news.yahoo.com
  
  By Marc Jones LONDON (Reuters) - The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump's long-awaited news briefing gave little clarity on future fiscal policies, disappointing bulls who had bet on major stimulus. Trump did not mention tariffs against Chinese exports, a relief for Asian markets fearing the outbreak of a global trade war, and there was more pain for the dollar as the euro drove higher on ECB minutes showing a split over stimulus. ...
  
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• EUR/USD Bounce Given Extra Impetus by Strong Euro-Zone, German Data

  12-01-2017 15:44
  The Euro pushed back to highs last seen in mid-December on better-than-expected EU data, building on Wednesday’s post-Trump press conference rally.
  
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• Wall Street opens lower on Trump's disappointing speech

  12-01-2017 15:38 via news.yahoo.com
  
  REUTERS - U.S. stocks opened lower on Thursday after President-elect Donald Trump gave little clarity on his promises of boosting economic growth that had powered a record-breaking rally on Wall Street for two months. The Dow Jones Industrial Average was down 61.62 points, or 0.31 percent, at 19,892.66, the S&P 500 was lower 6.99 points, or 0.31 percent, at 2,268.33 and the Nasdaq Composite was off 24.15 points, or 0.43 percent, at 5,539.50. (Reporting by Yashaswini Swamynathan in Bengaluru;
  
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• Wall St. opens lower on Trump's disappointing speech

  12-01-2017 15:33 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened lower on Thursday after President-elect Donald Trump gave little clarity on his promises of boosting economic growth that had powered a record-breaking rally on Wall Street for two months.
  
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• Global Markets – Dollar tumbles, bonds rebound as Trump traction fades

  12-01-2017 15:29 via rocketnews.com
  
  By Marc Jones
  LONDON (Reuters) – The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump’s long-awaited news briefing gave little clarity on future fiscal policies, disappointing bulls who had bet on major stimulus.
  Trump did not mention tariffs against Chinese exports, a relief for Asian markets fearing the outbreak of a global trade war, and there was more pain for the dollar as the euro drove higher on ECB minutes showing a split over stimulus.
  It
  
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• Elliott discloses 8.3 pct stake in Advisory Board

  12-01-2017 15:22
  
  Jan 12 (Reuters) - Elliott Associates LP, a unit of activist
  hedge fund Elliott Management Corp, disclosed an 8.3 percent
  stake in healthcare technology provider Advisory Board Co
  , saying the...
  
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• MIDEAST STOCKS-Saudi edges up in volatile trade as oil recovers, Egypt hits record

  12-01-2017 15:11 via news.yahoo.com
  
  * Saudi index near six-week low * Banks, petrochemicals rebound * Dubai soft but ends week with gains * Abu Dhabi swings, supported by banks * Arabian Cement continues surge in Egypt By Celine Aswad DUBAI, Jan 12 (Reuters) - Saudi Arabia's stock market edged higher in volatile trade on Thursday but suffered its worst weekly decline since September, while Egypt extended its bull run as international funds accumulated shares. The Saudi index closed 0.4 percent higher at 6,922 points; it remains ne
  
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• EUR/USD Rises on German GDP Data

  12-01-2017 15:03
  The EUR/USD is trading higher towards daily resistance after the release of positive German GDP data.
  
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• Wall Street set for weak open as Trump speech disappoints

  12-01-2017 14:53 via news.yahoo.com
  
  U.S. stocks were set for a lower open on Thursday after President-elect Donald Trump gave little clarity on his promises of boosting economic growth that had powered a record-breaking rally on Wall Street for two months. The drugmaker's fellow Dow component Disney Co was off 1 percent at $108.28 after Pivotal cut its rating on the stock to 'sell'.
  
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• Futures fall as Trump speech disappoints

  12-01-2017 13:58 via news.yahoo.com
  
  (Reuters) - U.S. stock index futures fell on Thursday after President-elect Donald Trump gave little clarity on his campaign-trail promises of boosting economic growth that had powered Wall Street for two months.
  
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• Why we need to take Jeremy Corbyn's earnings cap idea more seriously

  12-01-2017 13:46 via news.yahoo.com
  
  The idea of a minimum wage has become widely accepted so why is a maximum wage so controversial?
  
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• Delta posts better-than expected 4Q revenue

  12-01-2017 13:42 via rocketnews.com
  ATLANTA (AP) — Delta reported better-than-expected revenue in the fourth quarter, while its adjusted profit met Wall Street’s view. The airline benefited from lower fuel costs.
  For the three months ended December 31, the Delta earned $622 million, or 84 cents per share. A year earlier the Atlanta-based company earned $980 million, or $1.25 per share.
  Earnings, adjusted for one-time gains, were 82 cents per share.
  This matched the expectations of analysts surveyed by Zacks Investment
  
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• Silver Price Resistance and Dollar Support Confluence

  12-01-2017 13:38
  Precious metals are upon key levels, and so is the US dollar; reversals coming?
  
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• After Falling on Trump, USD Turns to Fed Speakers for Support

  12-01-2017 13:35
  GBP/USD slipped to fresh 2017 lows today as concerns mount that the UK is headed for a 'hard Brexit.'
  
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• UPDATE 1-Italy's UBI to buy rescued banks, raise cash in latest clean-up

  12-01-2017 13:33
  
  * Banks will first sell 2.2 bln euro soured debts to Atlante(Recasts with details)
  
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• US Dollar Sinks as Investors Sour on Trump Trade

  12-01-2017 13:19
  The US Dollar faces broad-based selling pressure in the aftermath of a conspicuously detail-free press conference with US President-elect Donald Trump.
  
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• McDonald's inviting bids for 33 percent stake in Japan unit: WSJ

  12-01-2017 12:51 via news.yahoo.com
  
  (Reuters) - McDonald's Corp is inviting bids for a significant stake in its Japan unit McDonald's Holdings Co Japan Ltd , the Wall Street Journal reported, citing people familiar with the situation. The fast-food company owns just under 50 percent of its Japanese unit, and is looking to sell up to 33 percent, with bids due next week, the report said. A number of private-equity firms are considering bids, the report said.
  
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• Gold Prices Hit Six-Week High After Trump Press Conference

  12-01-2017 11:36
  Gold prices hit fresh six-week high as a conspicuously uneventful press conference with US President-elect Donald Trump pours cold water on Fed rate hike speculation.
  
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• DAX Faces Test After Failing to Maintain Breakout

  12-01-2017 10:16
  The market failed to hold onto a breakout from a bullish pattern, presenting risk to longs, but still has support and trend keeping it steady for now.
  
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• UPDATE 2-Jewellery, watch recovery helps Richemont return to growth

  12-01-2017 08:44
  
  * Shares indicated to rise 5 percent(Adds share price indication, analyst comment)
  
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• Asian Markets Struggle With Detail-Free Trump Pressday

  12-01-2017 08:43
  Donald Trump’s stormy press meeting was greeted with lower stocks and a weaker US Dollar across Asia. Investors wanted detail and they didn’t get it.
  
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• Most Asian markets decline following Donald Trump's failure to provide clarity on economic policies

  12-01-2017 07:48 via news.yahoo.com
  
  Most Asian stock market indices were trading lower on Thursday (12 January) with the Shanghai Composite down 0.20% at 3,130.61 as of 5.55am GMT following Donald Trump's first press conference as president-elect on Wednesday.
  
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• Yen Ticks Down as Economy Watcher Sentiment Sours

  12-01-2017 07:01
  A more downbeat assessment from Japan’s economy watchers saw the Yen give back some of its gains, but Trump-inspired Dollar weakness seems to be winning again.
  
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• Hopeful Russia Will Find President Trump Double-Edged

  12-01-2017 04:58
  Moscow may have applauded Donald Trump’s election victory and relations may improve. However, a more protectionist White House could still be threaten Russia.
  
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• World Bank’s 2017 Growth Outlook More Positive, 2016 Disappoints

  12-01-2017 04:15
  The World Bank released their 2017 global growth outlook estimating output to rise 2.7 percent following the slowest year’s expansion since the Great Financial Crisis.
  
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• Most Asia stocks up but Tokyo hit by Trump worries

  12-01-2017 04:05 via news.yahoo.com
  
  Most Asian markets rose Thursday after a pick-up on Wall Street but Tokyo tumbled as investors were left deflated by a lack of economic detail from Donald Trump at his first post-election press conference. While traders had hoped the real estate tycoon would flesh out some of his campaign promises such as tax cuts and infrastructure spending, he gave very little away, fuelling uncertainty. Trump also announced a plan to hand control of his business to his adult sons in a bid to avoid conflicts o
  
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• Yen Gains Continue After Trade Data Beat

  12-01-2017 03:02
  The Japanese Yen continued to gain after the release of supportive Japanese trade data, but was already well bid before the fact thanks to a certain President-elect.
  
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• Fiat Chrysler CEO says good chance hitting 2018 targets - source

  12-01-2017 02:25 via news.yahoo.com
  
  By Bernie Woodall DETROIT (Reuters) - Fiat Chrysler Automobiles Chief Executive Sergio Marchionne told Wall Street analysts on Wednesday that the company's chances of hitting 2018 financial targets are "significantly greater than 50 percent," according to a person present at the meeting. The targets from Fiat Chrysler's five-year plan ending in 2018 were initially set in 2014 and updated in January 2016. Fiat Chrysler had no comment on the remarks made by Marchionne at the analyst meeting.
  
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• FCA chief: Chances much better than 50 percent of hitting 2018 targets: source

  12-01-2017 01:27 via rocketnews.com
  
  Fiat Chrysler Automobiles CEO Sergio Marchionne listens during the North American International Auto Show in Detroit, Michigan, U.S., January 9, 2017. REUTERS/Rebecca Cook
  MoreBy Bernie Woodall
  DETROIT (Reuters) – Fiat Chrysler Automobiles <FCHA.MI> <FCAU.N> Chief Executive Sergio Marchionne told Wall Street analysts on Wednesday that the company’s chances of hitting 2018 financial targets are “significantly greater than 50 percent.”
  The targets from FCA&rsquo
  
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