Analyst news

• Wall Street ends higher as Trump becomes president

  20-01-2017 23:11 via news.yahoo.com
  
  U.S. stocks closed higher on Friday in a modest but broad-based advance as Donald Trump was sworn in as U.S. President, marking the first time in more than 50 years that a new commander-in-chief has been welcomed by a rising equity market on his first day in office. In his speech, Trump said U.S. policy will be to buy American and hire American, reiterating what he had said many times during this campaign for the White House.
  
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• Morgan Stanley CEO James Gorman's 2016 pay up 7 percent to $22.5 million

  20-01-2017 23:09 via rocketnews.com
  
  By Olivia Oran
  (Reuters) – Morgan Stanley Chief Executive James Gorman’s overall pay rose 7 percent in 2016 as the Wall Street bank’s stock soared and it edged closer to hitting a key profitability target.
  Gorman will receive $22.5 million (18 million pounds) in total compensation, up from $21 million in 2015, spokesman Mark Lake said in an email.
  Gorman received a $5 million stock bonus for his performance in 2016, an 8 percent increase from 2015, according to a filing with t
  
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• UPDATE 1-Bristol-Myers lung cancer delay slams shares, keeps Merck in lead

  20-01-2017 22:52
  
  New YORK, Jan 20 (Reuters) - Bristol-Myers Squibb Coshares fell 11 percent on Friday following Thursday's
  announcement that it would not seek accelerated approval of its
  immunotherapy drug...
  
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• Technical Weekly: GBP/USD Making an 8 Year Low?

  20-01-2017 22:40
  Did the 96 month (8 year)cycle low count just nail a major low? This week’s bullish outside week is a good start. Still, Cable is testing an important level in the form of the 13 week average.
  
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• Wall Street ends higher as Trump takes office

  20-01-2017 22:33 via news.yahoo.com
  
  U.S. stocks closed higher on Friday in a modest but broad-based advance as Donald Trump was sworn in as U.S. President, marking the first time in more than 50 years that a new commander-in-chief has been welcomed by a rising equity market on his first day in office. In his speech, Trump said U.S. policy will be to buy American and hire American, reiterating what he had said many times during this campaign for the White House. Some investors said the comments reinforced concerns about potential p
  
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• Maverick Capital eyes rebound on bets Trump may roil Wall Street

  20-01-2017 21:26 via news.yahoo.com
  
  U.S. President Donald Trump's policies could lead to more violent stock market movements, something prominent hedge fund manager Lee Ainslie said could help his portfolio rebound after a lousy 2016. Ainslie's $11 billion Maverick Capital missed out on a rally sparked by Trump's unexpected election in November and ended the year with double digit losses in its biggest funds, underperforming the broader stock market and most hedge funds.
  
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• Wall Street off day's best levels after Trump inaugural speech

  20-01-2017 21:25 via rocketnews.com
  
  By Caroline Valetkevitch
  (Reuters) – U.S. stocks were up but off their best levels of the session on Friday afternoon as Donald Trump’s inaugural speech as U.S. President reinforced worries for some investors about future trade policies.
  In his speech, Trump said U.S. policy will be to buy American and hire American.
  Stocks cut gains during the speech, and some strategists said the comments fueled investor concerns about potential protectionist trade policies under Trump, while othe
  
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• CORRECTED-European shares ease ahead of Trump inauguration

  20-01-2017 21:18
  
  MILAN, Jan 20 (Reuters) - European shares fell, posting
  their biggest weekly loss since before Donald Trump won the U.S
  presidential election in November, as investors grew cautious
  before his...
  
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• CORRECTED-UPDATE 3-Toshiba making preparations for sale of stake in chip business -sources

  20-01-2017 20:37
  
  * State-backed bank considers investment in chip business
  -sources
  
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• UPDATE 2-FTC not sold on Walgreens' plan to win nod for Rite Aid deal-BBG

  20-01-2017 20:22
  
  Jan 20 (Reuters) - The U.S. Federal Trade Commission is not
  satisfied with Walgreens Boots Alliance Inc's plan to
  divest stores to win antitrust clearance for its acquisition of
  Rite Aid Corp,...
  
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• Nasdaq backs trading illiquid stocks only on listing exchange

  20-01-2017 19:31 via news.yahoo.com
  
  By John McCrank NEW YORK (Reuters) - Nasdaq Inc will ask U.S. regulators under the Trump administration to limit the trading of shares of small companies and illiquid exchange-traded funds to the exchanges on which they are listed, the market operator said in a note to clients. Such a move would make it cheaper for investors to buy and sell small-cap stocks and niche ETFs, spur more trading, and improve market transparency, Tal Cohen, Nasdaq's head of North American equities, said in the Jan. 19
  
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• U.S. stocks pare gains after Trump's inaugural speech

  20-01-2017 19:11 via news.yahoo.com
  
  Wall Street pared gains sharply on Friday after Donald Trump made his inaugural speech as the 45th president of the United States. "From this day forward it is going to be only America first," Trump said after being sworn in, adding that the U.S. policy will be to buy American and hire American. Trump's campaign promises of tax and regulatory reforms and higher infrastructure spending had driven Wall Street to new highs in a post-election rally.
  
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• UPDATE 2-P&G raises FY organic sales growth forecast after sales beat

  20-01-2017 18:32
  
  Jan 20 (Reuters) - Procter & Gamble Co reported
  better-than-expected quarterly sales, driven partly by strong
  organic sales in its beauty and health care businesses, and
  raised its fiscal 2017...
  
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• NZD/USD Remains Capped Ahead of NZ 4Q CPI; Fed Fund Futures Pick Up

  20-01-2017 18:12
  Even though NZD/USD fails to extend the recent series of lower highs & lows, the pair appears to have made another failed run at the December high (0.7239).
  
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• Wall Street trims gains as President Trump speaks

  20-01-2017 18:10 via news.yahoo.com
  
  (Reuters) - U.S. stocks trimmed gains at midday on Friday, shortly after Donald Trump started his inaugural speech during his swearing-in as the 45th U.S. president. The Dow Jones Industrial Average was up 50.88 points, or 0.26 percent, at 19,783.28, the S&P 500 was up 5.41 points, or 0.24 percent, at 2,269.1 and the Nasdaq Composite was up 10.56 points, or 0.19 percent, at 5,550.65.
  
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• Stocks rise as Donald Trump takes over

  20-01-2017 17:55 via news.yahoo.com
  
  London (AFP) - Wall Street climbed Friday before Donald Trump's inauguration, while European indices drifted with markets hoping that the US president's speech will expand on his planned economic policy.
  
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• FTC dissatisfied with Walgreens' plan to win nod for Rite Aid deal-BBG

  20-01-2017 17:38
  
  Jan 20 (Reuters) - The U.S. Federal Trade Commission is not
  satisfied with Walgreens Boots Alliance Inc's plan to
  divest stores to win antitrust clearance for its acquisition of
  Rite Aid Corp,...
  
  Read more

• Wall Street rises as Trump inauguration kicks off

  20-01-2017 17:34 via rocketnews.com
  
  By Yashaswini Swamynathan
  (Reuters) – U.S. stocks rose amid gains across sectors on Friday as Donald Trump gets set to become the 45th president of the United States.
  Trump will be sworn in by U.S. Supreme Court Chief Justice John Roberts in Washington. Investors will focus on Trump’s inaugural speech to get more insight into his economic policies.
  “There is a lot of optimism and renewed hope for better things to come,” said Sean O’Hara, president of Pacer ETFs. &l
  
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• Samsung probe 'finds faulty batteries triggered fires'

  20-01-2017 16:56 via rocketnews.com
  Seoul (AFP) – A Samsung probe into the exploding batteries that forced the electronics giant to scrap its Galaxy Note 7 smartphones has found irregularly sized batteries caused overheating, the Wall Street Journal reported Friday.
  The South Korean conglomerate was forced to discontinue its flagship Note 7 after a chaotic recall that saw replacement phones also catching fire, with the debacle costing the company billions in lost profit and reputational damage.
  Samsung is set to unveil the
  
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• UPDATE 3-Mexican peso's slump hits Kansas City Southern profit

  20-01-2017 16:02
  
  CHICAGO, Jan 20 (Reuters) - Kansas City Southern on
  Friday reported a lower quarterly net profit that missed Wall
  Street estimates by a wide margin as a historic drop in the
  Mexican peso after the...
  
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• Here's some of the major newspaper front pages from Inauguration Day

  20-01-2017 16:02 via news.yahoo.com
  
  It's inauguration day, and various newspapers around the world plastered their front pages with different messages for incoming President-elect Donald Trump. From headlines such as "Don of a new day" to "pomp and protest," here's a sampling of some of the most striking front pages: The New York Times The Wall Street Journal New York Post and the New York Daily News (awkward...) The Washington Post The Houston Chronicle The Virginian-Pilot Cape Times (Cape Town, South Africa) Toronto Star  
  
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• Wall Street gains across sectors ahead of Trump inauguration

  20-01-2017 16:00 via news.yahoo.com
  
  U.S. stocks rose amid gains across sectors on Friday as investors counted down to Donald Trump's inauguration as the 45th president of the United States. Trump, a New York businessman and former reality TV star, is scheduled to be sworn in around midday by U.S. Supreme Court Chief Justice John Roberts in Washington. Investors will focus on Trump's inaugural speech to get more insight into his economic policies.
  
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• U.S. Markets Digest Post-Election Gains Ahead of Trump Inauguration

  20-01-2017 15:57
  Today marks the beginning of the Trump era for the United States and, in-turn, the rest of the world. U.S. Markets are holding on to post-Election gains as the inauguration nears after spending much of January in some form of consolidation.
  
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• European stocks rise before Trump takeover

  20-01-2017 15:51 via news.yahoo.com
  
  London (AFP) - Most European stock markets and Wall Street climbed Friday before Donald Trump's inauguration, with markets hoping that the US president's speech will expand on his planned economic policy.
  
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• Wall Street opens higher ahead of Trump inauguration

  20-01-2017 15:32 via news.yahoo.com
  
  The Dow Jones industrial average was up 79.6 points, or 0.4 percent, at 19,812, the S&P 500 was up 7.62 points, or 0.336619 percent, at 2,271.31 and the Nasdaq composite was up 17.77 points, or 0.32 percent, at 5,557.85.
  
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• SBM Offshore shares gain on hopes of Brazilian settlement

  20-01-2017 15:28
  
  Jan 20 (Reuters) - Shares in Dutch offshore oil industry
  services company SBM Offshore rose on Friday on a media report
  the company was close to settling a corruption probe with
  Brazilian authorities...
  
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• History suggests Trump month will be stocks down, dollar up

  20-01-2017 15:19 via news.yahoo.com
  
  By Jamie McGeever and Marc Jones LONDON (Reuters) - For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar. The S&P 500 has fallen a median 2.7 percent in the month after each new president has taken the keys to the White House since Herbert Hoover did so in January 1929, according to Reuters analysis. Only four presidents have seen Wall Street rise in their first month in power:
  
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• Investment Focus: History suggests Trump month will be stocks down, dollar up

  20-01-2017 15:18 via news.yahoo.com
  
  For financial markets, the Trump era begins on Monday, and if history is any guide the following month should be a rocky one for Wall Street but positive for the dollar. The S&P 500 has fallen a median 2.7 percent in the month after each new president has taken the keys to the White House since Herbert Hoover did so in January 1929, according to Reuters analysis. Only four presidents have seen Wall Street rise in their first month in power: Hoover (+3.8 percent), John F. Kennedy in 1961 (+6
  
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• GE profit rises 36 percent, but sales slow

  20-01-2017 14:52 via news.yahoo.com
  
  By Alwyn Scott (Reuters) - General Electric Co reported a 36 percent jump in fourth-quarter earnings on Friday, helped by strength in its power and renewable energy businesses, and it affirmed its growth and profit forecasts for 2017. The Boston-based maker of power plants, aircraft engines, locomotives and medical equipment said revenue fell 2.4 percent to $33.1 billion, slightly below Wall Street expectations of $33.6 billion. Net income from continuing operations attributable to GE shareholde
  
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• Wall Street set to rise ahead of Trump inauguration

  20-01-2017 14:49 via news.yahoo.com
  
  U.S. stocks looked set to advance on Friday, with investors counting down to Donald Trump's inauguration as the 45th president of the United States. Trump, a New York businessman and former reality TV star, is scheduled to be sworn in around midday by Supreme Court Chief Justice John Roberts in Washington. Investors will focus on Trump's inaugural speech to get more insight into his economic policies.
  
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• U.S. bankers tell Europeans to think positively on Trump

  20-01-2017 14:40 via news.yahoo.com
  
  By Carmel Crimmins and Pamela Barbaglia DAVOS, Switzerland (Reuters) - U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump. At the annual gathering of the world's political and business elites in the Swiss resort of Davos, U.S. financiers told investors and overseas' rivals to focus less on Trump's anti-globalization rhetoric and more on his cabinet picks, comprising of Wa
  
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• Davos Speakers Offer Their Counsel to Trump and Brexit Negotiators

  20-01-2017 14:33
  Government ministers, central bankers and finance industry executives were lining up in Davos, Switzerland Friday to offer advice to incoming US President Donald Trump and Brexit negotiators.
  
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• Volvo Cars CEO says IPO is an option: manager magazin

  20-01-2017 14:01 via news.yahoo.com
  
  Hakan Samuelsson, Chief Executive of Volvo Cars, said a stock market listing is an option for the Swedish carmaker, Germany's Manager Magazin said on Friday. "A stock market listing is an option," Samuelsson told the magazine, adding that there are no current plans for such a move and that it would be up to parent company Geely Holding [GEELY.UL] to decide. Last month, Volvo raised 5 billion Swedish crowns ($532 million) from a group of Swedish institutional investors by selling newly-issued pre
  
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• Inauguration Day Hype Means Little for US Dollar Initially

  20-01-2017 13:52
  The DXY Index is holding between 100.25 and 102.05 as US 2-year, 10-year yields start to edge higher again.
  
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• P&G profit and sales beat Wall Street estimates

  20-01-2017 13:49 via news.yahoo.com
  
  Shares of the company, which raised its fiscal 2017 forecast for organic sales growth, were up 2 percent before the bell on Friday. P&G has been shedding unprofitable brands as it focuses on core brands, including Tide and Gillette, to boost sales. The company sold 41 of its brands last year, including Clairol and COVERGIRL, to Coty Inc for $12.5 billion.
  
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• Silver Prices: Trading Levels in Play

  20-01-2017 13:42
  Silver gets rejected at resistance, December to current uptrend still in tact; key levels on daily/2-hr to watch on both sides of the tape.
  
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• Asian Markets Mixed as China GDP Beats Expectations; Trump Inauguration Looms

  20-01-2017 12:56
  China GDP has risen above estimates, but caution weighs on Asian markets ahead of today’s inauguration speech by US President-elect Donald Trump, who has promised to raise tariffs on Chinese goods after he takes office.
  
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• Italy prosecutor asks for jail sentences for five S&P managers

  20-01-2017 12:51 via news.yahoo.com
  
  An Italian prosecutor has asked for five managers at ratings agency Standard & Poor's to be jailed for up to three years in a probe over alleged market manipulation, a court heard on Friday. Italian prosecutor Michele Ruggiero asked for jail sentences of between two and three years for the managers as well as a fine of 4.6 million euros for the agency. The investigation against Standard & Poor's, as well as rivals Fitch and Moody's, was launched by prosecutors in Trani, southern Italy, i
  
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• British Pound Tumbles on Disappointing UK Retail Sales

  20-01-2017 12:03
  GBPUSD drops Friday on news that UK retail sales fell by 1.9% month-over-month in December, rather than the more modest 0.1% fall predicted.
  
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• US Dollar Edges Up as Donald Trump Prepares to Take Office

  20-01-2017 12:02
  The US Dollar edged up alongside Treasury bond yields as all eyes turned to the inauguration of Donald Trump as the 45th President of the United States.
  
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• DAX: Trend, Consolidation Suggest Higher (Eventually)

  20-01-2017 10:31
  The German benchmark index is in the process of buildng a base within an uptrend; levels on both sides of tape outlined.
  
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• UPDATE 1-Edenred shares fall as major investor Colony exits via stake sale

  20-01-2017 10:19
  
  * Edenred also raises stake in Union Tank Eckstein(Adds details, quotes, combines with UTA deal)
  
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• Gold, Crude Oil Prices Mark Time Before Trump Inauguration

  20-01-2017 09:56
  Gold and crude oil prices are marking time in the final hours of the trading week as the inauguration of Donald Trump as President of the US dominates the spotlight.
  
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• UPDATE 1-Swedish telco Telia explores takeover of Denmark's TDC -paper

  20-01-2017 09:29
  
  STOCKHOLM, Jan 20 (Reuters) - Telecom operator Telia
  is considering a bid for Denmark's TDC,
  which is itself exploring a takeover of Swedish cable TV firm
  Com Hem, Dagens Industri (DI) reported on...
  
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• Lackluster Canada Consumer Price Index (CPI) to Bolster USD/CAD Gains

  20-01-2017 09:00
  USD/CAD may extend the gains from earlier this week should Canada’s CPI print continue to disappoint and fuel bets for additional monetary support.
  
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• Barring China, most Asian markets slip ahead of US President-elect Donald Trump's inauguration

  20-01-2017 07:21 via news.yahoo.com
  
  Most Asian stock market indices declined on Friday (20 January) but the Shanghai Composite was up 0.64% at 3,121.02 as of 5.30am GMT. While investors in China were upbeat amid positive GDP data, elsewhere in Asia, investors were cautious ahead of US President-elect Donald Trump's inauguration.
  
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• For stock performance under Trump, don't look to prior transitions

  20-01-2017 07:20 via news.yahoo.com
  
  As he is sworn in as the 45th U.S. president on Friday, Donald Trump will mark one of the best performances for the American stock market for any presidential transition period of the modern era. For guidance, investors need only recall the oscillations under the outgoing administration. Democratic President Barack Obama's transition period, which came amid the throes of the 2008 financial crisis, also overlapped a 15.5 percent fall for the S&P 500 from his election to the day of his inaugur
  
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• US Dollar Drops as Fed Chair Yellen Highlights Fiscal Uncertainty

  20-01-2017 04:53
  The US Dollar declined after Fed Chair Janet Yellen said that the monetary policy outlook is clouded by fiscal policy uncertainty.
  
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• Nason, former Treasury official, being vetted for Fed role - sources

  20-01-2017 03:29 via news.yahoo.com
  
  By Patrick Rucker and Olivia Oran WASHINGTON/NEW YORK (Reuters) - David Nason, a General Electric executive and former Treasury Department official, is the front runner to become the Federal Reserve's top Wall Street regulator under President-elect Donald Trump, sources familiar with the screening said on Thursday. Nason leads GE's Energy Financial Services division, which funds worldwide energy development, mostly from thermal and renewable sources.
  
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• Twitter crosses enemy lines in search of new friends

  20-01-2017 01:44 via news.yahoo.com
  
  Twitter has joined Instagram — only six years late to the game.  Unfortunately for Twitter, being slow moving isn't new to the platform that has struggled with product innovation and user growth. But it's a new year for Twitter, and the company is on a kick to grow, especially in live video and on its core app. SEE ALSO: 'Everyone wants us to win' — Twitter's marketing chief on the company's future The move to leverage Instagram's 600 million monthly active users to grow its bas
  
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