Analyst news

• Raymond James to roll out robo-adviser in 2017

  30-01-2017 23:39 via news.yahoo.com
  
  NEW YORK (Reuters) - Raymond James Financial is rolling out a new digital platform with robo-adviser-like technology this year, the St. Petersburg, Florida-based firm said on Monday. Called Connected Advisor, the firm's 7,100 advisers will be able to use the platform to automate some basic investment management for certain accounts, communicate with clients and analyze client data. The announcement comes as Wall Street banks and wealth management firms scramble to build or buy robo-advisers to p
  
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• Goldman CEO takes lead on Wall St. in slamming Trump travel ban

  30-01-2017 23:37 via news.yahoo.com
  
  Goldman Sachs Group Inc Chief Executive Lloyd Blankfein became the first major Wall Street leader to speak out against President Donald Trump's order to halt arrivals from several Muslim-majority countries. In a voicemail to employees on Sunday, Blankfein said diversity was a hallmark of Goldman's success, and if the temporary freeze became permanent, it could create "disruption" for the bank and its staff. "This is not a policy we support, and I would note that it has already been challenged in
  
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• Goldman CEO takes lead on Wall Street in slamming Trump travel ban

  30-01-2017 23:34 via news.yahoo.com
  
  Goldman Sachs Group Inc Chief Executive Lloyd Blankfein became the first major Wall Street leader to speak out against President Donald Trump's order to halt arrivals from several Muslim-majority countries. In a voicemail to employees on Sunday, Blankfein said diversity was a hallmark of Goldman's success, and if the temporary freeze became permanent, it could create "disruption" for the bank and its staff. "This is not a policy we support, and I would note that it has already been challenged in
  
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• TSX falls more than one percent on U.S. political risk

  30-01-2017 23:21 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Canada's main stock index fell more than 1 percent to a nearly two-week low on Monday, with losses broad based after a travel curb ordered by U.S. President Donald Trump triggered a rethink by investors of U.S. political risk. Wall Street also lost ground after an executive order issued by Trump on Friday banned immigration from seven Muslim-majority countries. "People are starting to think well if this is generating this kind of chaos over a weekend, what hap
  
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• Wall Street falls the most this year as Trump honeymoon sours

  30-01-2017 23:01 via news.yahoo.com
  
  Major U.S. stock indexes posted their largest drop so far in 2017 on Monday as investors worried that a curb on immigration ordered by Donald Trump was a reminder that some of the U.S. president's policies are not market-friendly. An executive order issued by Trump on Friday banned immigration from seven Muslim-majority countries, including legal residents and visa holders, and temporarily halted the entry of refugees. U.S. equities had hit a series of record highs following Trump's election in
  
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• Trump travel curbs slam stocks, hit dollar vs. yen

  30-01-2017 22:16 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - Major world equity markets fell on Monday and the dollar slipped against the safe-haven yen after new U.S. immigration curbs stirred concerns about the impact of U.S. President Donald Trump's policies on global trade and the economy. Stocks posted their worse day so far this year on Wall Street after Trump's executive order on Friday, to bar Syrian refugees and suspend travel to the United States from seven countries, put the spotlight back on his protectioni
  
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• S&P 500, Dow suffer biggest drop of 2017

  30-01-2017 22:12 via news.yahoo.com
  
  NEW YORK (Reuters) - The S&P 500 and the Dow on Monday posted their largest drop so far in 2017 as investors worried that a curb on immigration ordered by Donald Trump was a reminder that some of the U.S. president's policies are not market-friendly. The Dow Jones Industrial Average fell 122.65 points, or 0.61 percent, to 19,971.13, the S&P 500 lost 13.8 points, or 0.60 percent, to 2,280.89 and the Nasdaq Composite dropped 47.07 points, or 0.83 percent, to 5,613.71. (Reporting by Chuck M
  
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• U.S. inflation getting Trump lift: Wall Street strategist

  30-01-2017 20:45 via news.yahoo.com
  
  Long hibernating price inflation is taking center stage in America's economy, in part because President Trumps' anti-migrant policies are fueling already rising wages, a top Wall Street asset strategist said on Monday. Richard Bernstein, a celebrated asset allocator who oversees $3.1 billion at investment firm Richard Bernstein Advisors LLC, also told the Reuters Global Markets Forum that U.S. corporate profits reflected economic growth, that equities will outperform fixed income assets in 2017,
  
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• White House says executive order does not apply to independent regulators

  30-01-2017 20:29 via news.yahoo.com
  
  The White House confirmed on Monday that a new executive order to slash regulations will not apply to independent regulatory agencies such as the Securities and Exchange Commission, a spokeswoman said. President Donald Trump complained about the Dodd-Frank Wall Street reform law in a meeting with small business owners, in which he referred to the law as a "disaster." He made his remarks shortly before signing the executive order.
  
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• Short sellers giving up on Twitter trade

  30-01-2017 20:04
  
  SAN FRANCISCO, Jan 30 (Reuters) - Short sellers have been
  closing their bets against Twitter Inc so far in 2017,
  possibly frustrated by a lack of volatility in the social
  network's stock price.
  
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• COT-Crude Oil Record Spec AND Hedger Positions

  30-01-2017 20:03
  The net speculative long position in crude oil has been at a record for 2 weeks. Now, commercial hedgers have joined in with a record short position. At big turns, commercials tend to be on the right side.
  
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• Goldman CEO does not support travel ban; others avoid criticism

  30-01-2017 19:53 via news.yahoo.com
  
  Goldman Sachs Group Inc Chief Executive Lloyd Blankfein became the first major Wall Street leader to speak out against President Donald Trump's order to halt arrivals from several Muslim-majority countries. In a voicemail to employees on Sunday, Blankfein said diversity was a hallmark of Goldman's success, and if the temporary freeze became permanent, it could create "disruption" for the bank and its staff. "This is not a policy we support, and I would note that it has already been challenged in
  
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• Wall Street trips as Trump's travel curbs fuel uncertainty

  30-01-2017 19:08 via news.yahoo.com
  
  Trump on Friday signed executive orders to suspend travel to the United States from seven Muslim-majority countries on grounds of national security. "The market is reacting negatively right now because of the uncertainty that it creates," said Robert Pavlik, chief market strategist at Boston Private Wealth. U.S. equities hit a series of record highs following Trump's election in November, encouraged by his promise of tax cuts and simpler regulations.
  
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• Global equities rocked by Trump travel ban

  30-01-2017 18:12 via news.yahoo.com
  
  World stocks were spooked Monday by Donald Trump's controversial travel ban, which dealers said may be an early taste of coming turmoil prompted by the US president. Asian and European equities kicked off the downward spiral and were joined by Wall Street, with the Dow index waving goodbye to the 20,000 level it breached for the first time last week. Markets were "on the back foot after US President Trump announced one of his most radical policies yet, in the form of a travel ban," said CMC Mark
  
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• Trump travel curbs weaken stocks, dollar vs yen

  30-01-2017 17:36 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - Equity markets fell across the world on Monday and the dollar slipped against the safe-haven yen after immigration curbs introduced by Donald Trump stirred concerns about the impact of the U.S. president's policies on global trade and the economy. Stocks fell about 1 percent on Wall Street and Europe after Trump's executive orders on Friday to bar Syrian refugees and suspend travel to the United States from seven countries put the spotlight back on his protec
  
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• Trump travel curbs weaken stocks, dollar versus yen

  30-01-2017 17:36 via news.yahoo.com
  
  Equity markets fell across the world on Monday and the dollar slipped against the safe-haven yen after immigration curbs introduced by Donald Trump stirred concerns about the impact of the U.S. president's policies on global trade and the economy. Stocks fell about 1 percent on Wall Street and Europe after Trump's executive orders on Friday to bar Syrian refugees and suspend travel to the United States from seven countries put the spotlight back on his protectionist bent. The negative reaction t
  
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• Trump travel curbs weaken global stocks, dollar vs yen

  30-01-2017 17:35 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - Equity markets fell across the world on Monday and the dollar slipped against the safe-haven yen after immigration curbs introduced by Donald Trump stirred concerns about the impact of the U.S. president's policies on global trade and the economy. Stocks fell about 1 percent on Wall Street and Europe after Trump's executive orders on Friday to bar Syrian refugees and suspend travel to the United States from seven countries put the spotlight back on his protec
  
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• TSX posts largest drop since September on travel curb jitters

  30-01-2017 17:26 via news.yahoo.com
  
  Canada's main stock index fell to a nearly two-week low on Monday and was on track for its deepest loss since September after a travel ban implemented by U.S. President Donald Trump triggered uncertainty for investors. Wall Street also lost ground after Trump on Friday signed executive orders to bar admission of Syrian refugees and suspend travel to the United States from Syria, Iraq, Iran and four other countries on the grounds of national security. Canada will offer temporary residency to any
  
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• Goldman Sachs CEO says bank does not support Trump travel ban

  30-01-2017 17:23 via news.yahoo.com
  
  Goldman Sachs Group Inc Chief Executive Lloyd Blankfein became the first major Wall Street leader to speak out against President Donald Trump's order to halt arrivals from several Muslim-majority countries. In a voicemail to employees on Sunday, Blankfein said diversity was a hallmark of Goldman's success, and if the temporary freeze became permanent, it could create "disruption" for the bank and its staff. "This is not a policy we support, and I would note that it has already been challenged in
  
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• EUR/USD Carves Bearish Harami (Inside-Day), RSI Tracks 2015 Trend

  30-01-2017 16:56
  EUR/USD stands at risk for further losses as it carves a bearish harami (inside-day) candle going into the end of the month.
  
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• Weekly Strategy Webinar: Dollar Crosses Brace for Key Event Risk

  30-01-2017 16:47
  Webinar highlighting featured setups we're tracking into major event risk this week. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street drops on jitters over Trump's travel curbs

  30-01-2017 15:59 via news.yahoo.com
  
  U.S. stocks opened lower on Monday as investors turned defensive due to uncertainty sparked by President Donald Trump's orders to curb travel and immigration from some countries. The promise of tax cuts and simpler regulations had lured investors into equity markets since Trump's election in November, but some are worried about the potential risk of his protectionist policies. "A new week of trading is getting off on a sour note, as key macro news, Fed action, international and domestic backlash
  
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• Wall Street opens lower with losses across sectors

  30-01-2017 15:45 via rocketnews.com
  
  A souvenir license plate is seen outside the New York Stock Exchange in Manhattan, New York City, U.S., December 21, 2016. REUTERS/Andrew Kelly/Files
  MoreREUTERS – U.S. stocks opened lower on Monday with losses across sectors after President Donald Trump’s orders to curb travel and immigration from certain countries triggered uncertainty.
  The Dow Jones industrial average was down 71.84 points, or 0.36 percent, at 20,021.94, the S&P 500 was down 9.6 points, or 0.418357 percent, at
  
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• MIDEAST STOCKS-Saudi, Kuwait, Egypt retreat; Aramex earnings beat supports Dubai

  30-01-2017 15:39 via rocketnews.com
  
  * Saudi ends seven-day winning streak
  * Nama Chemicals, Ma’aden resilient
  * Kuwait weighed down by blue chips
  * Aramex soars on doubling Q4 net profit
  * Egypt pulls back as global emerging markets hit by Trump
  DUBAI, Jan 30 (Reuters) – Middle Eastern equity markets diverged on Monday, with last week’s top gainers pulling back on profit taking while strong quarterly earnings from courier firm Aramex bolstered Dubai.
  The Saudi Arabian index fell 0.7 percent, snapping seven conse
  
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• EUR/USD Trades Lower on German CPI Data

  30-01-2017 15:21
  The EUR/USD opens lower as German CPI misses expectations.
  
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• Wall Street set to open lower after Trump's travel curbs

  30-01-2017 15:03 via news.yahoo.com
  
  U.S. stocks looked set to open lower on Monday, amid uncertainty following President Donald Trump's orders to curb travel and immigration from certain countries. The promise of tax cuts and simpler regulations had lured investors into equity markets since Trump's election in November, but some are worried about the potential risk of his protectionist policies. "A new week of trading is getting off on a sour note, as key macro news, Fed action, international and domestic backlash over Trump's imm
  
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• Google throws shade at Trump's 'Muslim ban' with a historical Doodle

  30-01-2017 14:59 via news.yahoo.com
  
  Google honored Fred Korematsu on Monday in its daily Doodle in celebration of what would have been his 98th birthday. It isn't a milestone year, but the homage may just be a reference to Donald Trump's "Muslim ban," which put a 120-day halt on the entry to the U.S. of any refugees, a 90-day halt for all citizens of seven Muslim-majority countries, and an indefinite halt on all refugees from Syria.  SEE ALSO: How Syrian refugees spent the holidays Korematsu was an American civil rights activ
  
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• UPDATE 2-Shares in British engineering group WS Atkins rally on merger talk

  30-01-2017 14:39
  
  * CH2M approaches Atkins over potential $4 bln merger -the
  Times
  
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• EUR/USD Slips Lower on German Inflation Uptick

  30-01-2017 14:20
  Another rise in German inflation is set to spark more discussions over the suitability of the ‘one-size fits all’ ECB monetary policy.
  
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• UPDATE 1-UniCredit says to miss ECB capital goal ahead of cash call

  30-01-2017 14:10
  
  MILAN, Jan 30 (Reuters) - Italy's biggest bank by assets,
  UniCredit, said on Monday its end-2016 capital ratios
  would fall short of European Central Bank requirements,
  highlighting the importance of...
  
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• UPDATE 3-As price war rages, Vodafone India seeks merger with rival Idea Cellular

  30-01-2017 13:56
  
  * Deal would reduce intense competition in India - analysts(Updates with analyst quote, share prices details, background)
  
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• FX Markets Set for Volatility Bump with BOJ, FOMC, BOE, and US NFPs

  30-01-2017 13:30
  The first week of the month typically brings about a wave of high event risk – February should get started with a bang.
  
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• Rainbow Rare Earths listing raises funds for Burundi mining project

  30-01-2017 12:28 via news.yahoo.com
  
  Rainbow Rare Earths listed on the main London stock market on Monday, raising 8 million pounds ($10 million) to invest in its Gakara project in Burundi, with a view to starting sales to Germany's Thyssenkrupp by year-end. The project's minerals are weighted towards magnetic rare earths, including neodymium and praseodymium, which are expected to used become increasingly sought after for use in generators, wind turbines and electric vehicles as supply from top producer China dwindles. Rainbow's s
  
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• Businessman questioned in Fillon 'fake work' inquiry-source

  30-01-2017 12:07
  
  PARIS, Jan 30 (Reuters) - French businessman and billionaire
  Marc Ladreit de Lacharriere was questioned on Monday by police
  investigating allegations of fake work by the wife of
  presidential...
  
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• Crude Oil Prices Drop as Market-Wide Sentiment Sours

  30-01-2017 10:16
  Crude oil prices dropped as sentiment soured across the financial markets. More of the same looks to be on offer at the start of the new trading week.
  
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• Vodafone says in Indian merger talks with Idea Cellular

  30-01-2017 09:03
  
  LONDON, Jan 30 (Reuters) - Vodafone said on Monday
  it was in talks to merge its Indian operations with rival Idea
  Cellular in an all-share deal that could help the
  groups counter the fierce...
  
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• Yen Aims to Extend Gains, Pound Drops Before Super Thursday

  30-01-2017 08:51
  The Japanese Yen rose as sentiment soured across the financial markets, with more of the same hinted ahead. The British Pound slumped ahead of “Super Thursday”.
  
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• Asian Stocks Give Ground as Trump-Worrying Dominates

  30-01-2017 08:39
  Asian stocks retreated on a holiday-thinned Monday as investors fretted the new, targeted US immigration ban and wondered what might be next.
  
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• Asian shares, dollar retreat on Trump travel ban, U.S. GDP

  30-01-2017 07:56 via news.yahoo.com
  
  By Nichola Saminather SINGAPORE (Reuters) - Asian share markets and Wall Street stock futures fell on Monday after immigration curbs introduced by U.S. President Donald Trump heightened concerns about the impact of the new administration's policies on trade and the economy. European markets were also poised for a sluggish start, with financial spreadbetter CMC Markets expecting Germany's DAX to start the day 0.3 percent lower, Britain's FTSE 100 to open down 0.4 percent, and France's CAC 40 to f
  
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• BUZZ-Dubai's Aramex rises on Q4 earnings beat

  30-01-2017 07:24 via rocketnews.com
  
  Jan 30 (Reuters) – ** Shares in Dubai courier company Aramex rise 1.5 percent to 4.19 dirhams, highest since mid-December
  ** Company reported 129 percent jump in fourth-quarter net profit to 131.8 million dirhams ($35.9 million); EFG Hermes and SICO Bahrain had forecast 94.0 million dirhams and 77.5 million dirhams respectively
  ** Chief executive Hussein Hachem said firm is cautious but looks forward to continuing its growth momentum
  ** Stock faces technical resistance at December peak of
  
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• CSX, outgoing Canadian Pacific CEO in settlement talks - WSJ

  30-01-2017 04:12 via news.yahoo.com
  
  (Reuters) - U.S. railroad operator CSX Corp is discussing a settlement with Hunter Harrison, the outgoing chief executive of Canadian Pacific Railway Ltd , and activist investor Paul Hilal that could make Harrison CSX's CEO, the Wall Street Journal reported. The talks come less than two weeks after Harrison partnered with Hilal's new fund, Mantle Ridge LP. The parties are discussing Mantle Ridge's request for more than three CSX board seats, but CSX is said to be unwilling to hand over that many
  
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• Yen Ticks Lower As Japanese Retail Data Miss Expectations

  30-01-2017 02:51
  The Japanese Yen fell slightly against the US Dollar despite big misses in both Japanese retail trade figures and larger stores’ sales in December.
  
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• New Zealand Dollar Gains on Stronger Trade Numbers

  30-01-2017 02:21
  The New Zealand Dollar rose against its US cousin following the release of stronger-than-expected official trade data from its home country.
  
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• Asia shares, S&P futures fall as Trump travel ban, weak GDP adds to U.S. worries

  30-01-2017 02:15 via news.yahoo.com
  
  By Nichola Saminather SINGAPORE (Reuters) - Asian stock markets and U.S. stock futures retreated on Monday after President Donald Trump introduced immigration curbs that sparked criticism at home and abroad and added to global fears of increasingly unpredictable U.S. policies. Trump on Friday put a 120-day hold on allowing refugees into the country, an indefinite ban on refugees from Syria and a 90-day bar on citizens from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen. Trump defended the mo
  
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• Toshiba shares fall after report trust banks preparing to sue

  30-01-2017 01:26
  
  TOKYO, Jan 30 (Reuters) - Shares of Toshiba Corptumbled as much as 5.8 percent in early trade on Monday after a
  newspaper report that some trust banks are preparing to sue the
  company for damages.
  
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• Health insurer Anthem could rise 30 percent on earnings potential: Barron's

  30-01-2017 00:12 via news.yahoo.com
  
  Anthem Inc shares could rise by 30 percent as the U.S. health insurer is undervalued and has the most room for improvement in profit margins and earnings among its peers, Barron's reported. The company also has the lowest price-to-earnings ratio among its peers including UnitedHealth Group Inc and Aetna , Barron's said, adding that the stock trades at just 13 times the projected 2017 earnings, a discount to its four big rivals. Last week, a U.S. judge blocked Aetna's proposed $34 billion acquisi
  
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• Euro Due for More Chop as Inflation Data Point Higher; Draghi on Thursday

  30-01-2017 00:00
  Despite important data due out over the coming week, there’s not much reason to think that the Euro, broadly speaking, will be able to find much direction. Much like last week, when the Euro’s performance was largely dictated by movements in other currencies – the rally in the British Pound, the ongoing erosion of the US Dollar – the supersaturated calendar over the coming days means the Euro’s own incoming data may take a back seat.
  
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