Analyst news

• Wall Street falls with financials, other post-election gainers

  17-01-2017 23:34 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks fell on Tuesday, with financials, transports and other big post-election gainers losing ground as earnings season kicked into gear. Also weighing on stocks were concerns about protectionist trade policies planned by U.S. President-elect Donald Trump. The S&P 500 financial index , which has rallied since the election on expectations of higher interest rates and reduced regulation under Trump, had its worst day since June 27 and led sec
  
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• Wall Street declines as some post-election gainers reverse

  17-01-2017 23:28 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks fell on Tuesday, with financials, transports and other big post-election gainers losing ground as earnings season kicked into gear. Also weighing on stocks were concerns about protectionist trade policies by U.S. President-elect Donald Trump, which pushed the dollar the dollar to its lowest level in more than a month and bond yields down as investors cut risk. The S&P 500 financial index , which has rallied since the election on expec
  
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• CSX profit dips but meets Wall Street expectations

  17-01-2017 22:43 via news.yahoo.com
  
  No. 3 U.S. railroad CSX Corp on Tuesday reported a slight dip in quarterly net profit, in results that met Wall Street analyst expectations, and said conditions for its business were improving after taking a hit from low commodity prices and a strong U.S. dollar. CSX reported a slight increase in coal freight volumes in the fourth quarter from a year earlier after nearly two years of decline which have pummeled the U.S. railroads. Analysts had expected earnings per share of 49 cents.
  
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• Scaramucci's fund struggles to bring top returns to the masses

  17-01-2017 22:31 via news.yahoo.com
  
  One of President-elect Donald Trump's top liaisons to Wall Street's business elite launched a mutual fund three years ago for mom-and-pop investors that lags most of its peers. Hedge fund impresario Anthony Scaramucci, 53, has secured a top White House job as an adviser and public liaison to government agencies and businesses.
  
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• Gold Rebound Takes Out 1Q Targets- 1220 Barrier Critical

  17-01-2017 21:25
  The rally is approaching key structural resistance with the long-bias at risk while below this threshold. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street falls as some post-election gainers reverse

  17-01-2017 21:08 via news.yahoo.com
  
  U.S. stocks fell on Tuesday as financials and other big post-election gainers lost ground. Biotech and pharma stocks declined after President-elect Donald Trump said in a Washington Post interview over the weekend that he would target companies over drug pricing and that he was ready to unveil a plan to replace Obamacare. The Nasdaq biotech index was down 2 percent.
  
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• USD/JPY Technical Analysis: The Sentiment Killer

  17-01-2017 20:52
  USD/JPY had recaptured hopes of another great Bull Run like we saw in late 2014 and much of 2013. While long-term upside remains, the immediate future is choppy.
  
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• China’s Market News: President Xi Addresses Globalization, Yuan in Davos

  17-01-2017 20:30
  The world’s second largest economy shows its attitude towards international trade and investment amid the Brexit and Trump’s trade threats.
  
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• Trump vs. the Dollar: Why Investors Are Right to Be Nervous

  17-01-2017 20:27 via news.yahoo.com
  
  The post-election lull on Wall Street looks set to end. After all the excitement of October and November — FBI headlines, President-elect Trump's surprise win and the historic "Make America Great Again" market surge to new highs — stocks have gone exactly nowhere over the last five weeks. It's best seen in the reversal underway in the U.S. dollar, which soared triumphantly in the wake of Trump's victory.
  
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• Bats Listings Closes Strong 2016 with 15 Listings Switches from NYSE Arca

  17-01-2017 20:00 via rocketnews.com
  
  KANSAS CITY, Mo., NEW YORK & LONDON–(BUSINESSWIRE)–
  Welcomed 34 ETFs from 13 Issuers in Fourth Quarter
  Bats Global Markets, Inc. (Bats: BATS), the #1 stock market operator for exchange-traded fund trading, today announced that Deutsche Asset Management, ProShares and Cambria have switched a total of 15 ETFs to Bats since late December.
  The ProShares (three funds) and Cambria (four) transfers began trading on the Bats ETF Marketplace December 29th and increased the number of issu
  
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• GBP/USD Eyes Last Line of Defense Ahead of UK Jobs, US CPI

  17-01-2017 19:17
  A key reversal off slope support today puts cable back at resistance heading into major data tomorrow. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street falls as bank, healthcare shares weigh

  17-01-2017 19:08 via news.yahoo.com
  
  Biotech and pharma stocks declined after Trump told the Washington Post that he would target companies over drug pricing and that he was ready to unveil a plan to replace Obamacare. The S&P 500 healthcare sector fell 0.7 percent, while Nasdaq biotech index slipped 1.8 percent. Investors maybe concerned that Trump is "going after the Affordable Care Act and is burning a little political capital that might otherwise have been used for business friendly matters," said Art Hogan, chief market st
  
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• Consumer staples stocks help Wall Street pare some losses

  17-01-2017 17:38 via news.yahoo.com
  
  U.S. stocks came off session lows on Tuesday as gains in consumer staples stocks countered the decline in banks and healthcare companies. Biotechnology and pharmaceutical stocks came under pressure after President-elect Donald Trump told the Washington Post that he would target drug companies over pricing and that he was ready to unveil a plan to replace Obamacare. The Nasdaq biotech index slipped nearly 2 percent.
  
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• Consumer staples stocks help Wall St. pare some losses

  17-01-2017 17:36 via news.yahoo.com
  
  Biotechnology and pharmaceutical stocks came under pressure after President-elect Donald Trump told the Washington Post that he would target drug companies over pricing and that he was ready to unveil a plan to replace Obamacare. Investors maybe concerned that Trump is "going after the Affordable Care Act and is burning a little political capital that might otherwise have been used for business friendly matters," said Art Hogan, chief market strategist of Wunderlich Equity Capital Markets in New
  
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• USDJPY Losses to Persist as Sentiment Abates & Double-Top Takes Shape

  17-01-2017 17:06
  USD/JPY may continue to carve a near-term series of lower highs & lows as risk sentiment abates, while a double-top formation appears to be taking shape.
  
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• May to meet Wall Street‎ chiefs for talks on 'hard Brexit'

  17-01-2017 16:49 via news.yahoo.com
  
  Theresa May will meet the heads of ‎some of Wall Street's biggest firms for talks about her plan for a 'hard Brexit' that they believe will trigger the loss of thousands of jobs from the UK's financial services sector. Sky News has learnt that the chief executives of Goldman Sachs (NYSE: GS-PB - news) , JP Morgan, Morgan Stanley (Xetra: 885836 - news) - three of the biggest banks in the US - and the boss of Blackrock (Sao Paolo: BLAK34.SA - news) , the world's largest asset manager, have bee
  
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• Morgan Stanley inked deals with 10 digital partners in 2016 - CEO

  17-01-2017 16:30 via news.yahoo.com
  
  Morgan Stanley's wealth management business signed deals with 10 new digital partners last year, Chief Executive James Gorman said during a call on Tuesday with analysts to discuss the bank's fourth-quarter earnings. The new "digital alliances," as Gorman described them, signal a shift away from the do-it-yourself approach the bank took to technology in the past and its appetite for new ways to interact with technology-savvy clients, such as through apps and text messages. Unlike some of its Wal
  
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• Wall Street opens lower amid Trump, Brexit uncertainty

  17-01-2017 15:35 via news.yahoo.com
  
  (Reuters) - U.S. stocks opened lower on Tuesday as investors sought safe-haven assets following U.S. President-elect Donald Trump's remarks on the strength of the dollar and British Prime Minister Theresa May's comments on Brexit. The Dow Jones industrial average was down 44.73 points, or 0.22 percent, at 19,841, the S&P 500 was down 6.71 points, or 0.294992 percent, at 2,267.93 and the Nasdaq composite was down 19.65 points, or 0.35 percent, at 5,554.47. (Reporting by Yashaswini Swamynathan
  
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• Trump, Brexit uncertainty hit stocks and dollar, gold jumps

  17-01-2017 15:20 via news.yahoo.com
  
  By Nigel Stephenson LONDON (Reuters) - Stocks and the dollar fell and gold rose on Tuesday as investors turned wary after President-elect Donald Trump said the U.S. currency was too strong, while sterling jumped as UK Prime Minister Theresa May promised parliament a vote on Brexit. U.S. stock index futures were down, an indication Wall Street would open lower. Trump's remarks that dollar strength was hurting competitiveness pushed the greenback down across the board, especially against sterling.
  
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• USD/CAD Dives Ahead of BOC Rate Decision

  17-01-2017 15:15
  The USD/CAD trades to new 2017 lows ahead of tomorrow’s critical rate decision.
  
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• Trump Hits the ’Strong Dollar’ While May Drives Cable Higher

  17-01-2017 15:15
  Politics-driven moves headline the early portion of the week, but with U.S. inflation set to be released tomorrow, can the U.S. Dollar finally find some type of short-term support?
  
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• Wall Street set to open lower

  17-01-2017 15:08 via news.yahoo.com
  
  Wall Street was set to open lower on Tuesday as investors sought safe-haven assets following British Prime Minister Theresa May's comments on Brexit and U.S. President-elect Donald Trump's remarks on the dollar. May said Britain would leave the European Union's single market when it exits the EU, but the final deal would be put to a parliamentary vote, helping U.S. stock futures trim some losses. The dollar index fell 0.5 percent against a basket of major currencies after Trump told the Wall Str
  
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• Former foreign secretary William Hague joins Wall Street giant Citi

  17-01-2017 14:56 via news.yahoo.com
  
  Former foreign secretary Lord Hague is to join Wall Street giant Citi as the UK gears up its Brexit strategy ahead of talks with the European Union. William Hague is to join Citi as an advisor at the US bank, providing insight to the lender's clients, it was announced on Tuesday (17 January 2017). Citi said: "We're delighted Lord Hague will be working with Citi as an advisor, providing his unique perspective to our clients.
  
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• MIDEAST STOCKS-Qatar strong, Saudi recovers, Egypt extends bull run

  17-01-2017 14:36 via news.yahoo.com
  
  * Qatar at five-month high in heavy trade * Masraf Al Rayan jumps on higher dividend * Saudi recovers as oil climbs over $56 * Saudi Cement, Jabal Omar, Albilad up on higher Q4 profits * Foreign funds continue building positions in Egypt By Celine Aswad DUBAI, Jan 17 (Reuters) - Qatar's stock market rose to a multi-month high on Tuesday in the heaviest volume since late November, buoyed by the banking sector, while firmer oil prices supported the rest of the Gulf and foreign investors bought up
  
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• Morgan Stanley's profit doubles on bond-trading surge

  17-01-2017 14:24 via news.yahoo.com
  
  Wall Street bank Morgan Stanley's profit doubled in the last quarter of the year, far exceeding expectations, as trading activity surged following the U.S. presidential election. Analysts on average had expected a profit of 65 cents per share, according to Thomson Reuters I/B/E/S. Bank stocks have rallied since the election, on the hope that the new Trump administration will usher in a new era of looser bank regulations along with economic growth. Morgan Stanley Chief Financial Officer Jonathan
  
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• British Pound Rallies as UK PM May Confirms Hard Brexit

  17-01-2017 14:20
  UK Prime Minister Theresa May lays out her government’s plans for the UK to exit the Single Market, trade agreements and immigration.
  
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• Sharp GBP/USD Reversal as May’s Brexit Approach Softens

  17-01-2017 13:49
  More mayhem in GBP-crosses as the UK prime minister signals parliamentary inclusion in the Brexit process.
  
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• Morgan Stanley's profit doubles as bond-trading revenue surges

  17-01-2017 13:35 via news.yahoo.com
  
  (Reuters) - Wall Street bank Morgan Stanley's profit doubled in the last quarter of the year, far exceeding expectations, as trading activity surged following the U.S. presidential election. Earnings applicable to the bank's common shareholders soared to $1.51 billion in the three months ended Dec. 31 from $753 million a year earlier, while earnings per share increased to 81 cents from 39 cents. Analysts on average had expected a profit of 65 cents per share, according to Thomson Reuters I/B/E/S
  
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• S&P 500 Tech Update: Downside Risk Rising, Key Levels to Watch

  17-01-2017 13:26
  Global risk appetite souring, key technical developments could put the market at risk.
  
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• UnitedHealth tops Street 4Q forecasts, as earnings jump

  17-01-2017 12:55 via news.yahoo.com
  
  UnitedHealth Group's earnings soared 56 percent in the final quarter of 2016, helped by growth in its core health insurance business plus gains from its Optum business segment.
  
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• Citi appoints former UK foreign minister Hague as senior adviser

  17-01-2017 12:49 via news.yahoo.com
  
  By Anjuli Davies LONDON (Reuters) - Citigroup has hired former British foreign minister William Hague to be a senior adviser to the Wall Street bank, as Britain prepares to negotiate its exit from the European Union. Banks and investment firms have a long history of recruiting former political leaders and policymakers as advisers, and the appointment of Hague follows that of Mervyn King, former Governor of the Bank of England as senior adviser to Citi in July.
  
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• Dollar hits six-week low as Trump backlash builds

  17-01-2017 12:41 via news.yahoo.com
  
  By Patrick Graham and Marc Jones LONDON (Reuters) - A New Year sell-off of the U.S. dollar deepened on Tuesday as investors turned more gloomy on the immediate outlook, spurred by President-elect Donald Trump's comments that the strength of the U.S. currency against China's yuan "is killing us". In the first full day of U.S. trading since Trump's comments in an article in the Wall Street Journal, the arrival of traders at their desks in New York saw the currency sink past $1.07 per euro for the
  
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• Euro Falls Then Rallies After Mixed Batch of ZEW Data For Germany

  17-01-2017 12:19
  The Euro fell against the Dollar but then recovered after news that the German ZEW economic sentiment index for January came in below the consensus forecast, while its current conditions index beat expectations.
  
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• British Pound Hits Day’s High After Stronger Than Expected Inflation Data

  17-01-2017 11:27
  The British Pound reached its highest level of the session and UK Gilt yields rose after news that UK inflation in December hit its highest level since July 2014 at 1.6%; above the expected 1.4%.
  
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• FTSE 100: Record Run Stalls, Market Conditions Set to Change

  17-01-2017 10:39
  The UK index finds sellers at top-side t-lines, expecting choppier two-way trading conditions to set in.
  
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• Hard Brexit Fears May Derail Trump Trade Unwind as May Speaks

  17-01-2017 10:13
  UK Prime Minister Theresa May is set to lay out her Brexit vision in a speech that may overwhelm markets and derail the unwinding of the so-called “Trump trade”.
  
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• Asian Markets Slip Before UK PM May, China President Xi Speak

  17-01-2017 08:55
  Asian markets had little to do except wait for the day’s big events, which will come after they close. UK PM Theresa May speaks on Brexit and Chinese President Xi Jinping speaks in Davos.
  
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• Publication of a Prospectus

  17-01-2017 08:00 via news.yahoo.com
  
  January 13, 2017 – Technip S.A. (Euronext: TEC, “Technip”) and FMC Technologies, Inc. (NYSE: FTI, “FMC Technologies”) announce that TechnipFMC plc (“TechnipFMC”) secured today visa no. 2017-015 from the French stock market regulator (Autorité des Marchés Financiers, “AMF”) for its prospectus relating to the listing of its ordinary shares on the Euronext Paris regulated market (the “Prospectus”).
  
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• Crude Oil Prices May Turn Volatile on OPEC Commentary

  17-01-2017 07:30
  Crude oil prices may turn volatile as markets react to OPEC comments suggesting the cartel will not extend its output cut scheme beyond mid-year.
  
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• Most Asian markets slip ahead of Theresa May's Brexit speech

  17-01-2017 06:54 via news.yahoo.com
  
  Most Asian stock market indices were trading lower on Tuesday (17 January), with the Shanghai Composite down 0.75% at 3,080.04 as of 5.14am GMT, ahead of Theresa May's Brexit speech later in the day.
  
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• Trump calls corporate tax border adjustment 'too complicated': WSJ

  17-01-2017 05:21 via news.yahoo.com
  
  (Reuters) - U.S. President-elect Donald Trump says the border adjustment provision, a feature of House Republicans' corporate-tax plan, is "too complicated", the Wall Street Journal reported on Monday. "Anytime I hear border adjustment, I don't love it", Trump told the newspaper in an interview conducted on Friday. http://on.wsj.com/2jiAaqj The border adjustment measure is part of U.S. House of Representatives Speaker Paul Ryan's "Better Way" tax reform blueprint, which was discussed with top me
  
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• FX Markets Look to CPI from UK & US, BOC & ECB, Chinese GDP

  17-01-2017 04:00
  After a quiet economic calendar last week, there are significantly more events with greater event risk this week. Trump’s inauguration on Friday marks the dawn of a new era of fiscal and monetary policy across the developed world, unseen in the wake of the GFC of 2008/9.
  
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• Australian Dollar Slips Despite Strong Home-Loans Beat

  17-01-2017 02:00
  The Australian Dollar was unable to gain on news that loans for house purchase in its home country had powered back quite strongly in November.
  
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