Analyst news

• Solid data, Apple help lift global stocks

  01-02-2017 23:27 via news.yahoo.com
  
  Wall Street stocks finished higher Wednesday following strong Apple earnings, solid US economic data and a fairly upbeat outlook from the Federal Reserve.
  
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• U.S. House axes regulations on oil and mining company payments, stream pollution

  01-02-2017 23:16 via news.yahoo.com
  
  The Republican-led U.S. House of Representatives on Wednesday killed two Obama-era rules, one intended to root out corruption in the extraction sector and one aimed at reducing stream pollution. Required by the 2010 Dodd-Frank Wall Street reform law, the Securities and Exchange Commission's "extraction rule" was approved this summer to require oil, gas, mining and other companies to publicly state the taxes and other fees they pay to governments. The stream buffer rule is intended to lessen the
  
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• S&P 500 ends flat, Apple spike lifts Nasdaq

  01-02-2017 22:58 via news.yahoo.com
  
  The S&P 500 edged higher on Wednesday to cap a four-day losing streak, buoyed by gains in Apple shares and after the Federal Reserve kept U.S. interest rates unchanged, as expected. Apple shares rose 6.1 percent to $128.75, its highest close in a year and a half. This made it the biggest positive influence on the three major indexes, which would have all ended in the red for the day without Apple's boost.
  
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• US STOCKS-S&P 500 ends flat, Apple spike lifts Nasdaq

  01-02-2017 22:50 via news.yahoo.com
  
  The S&P 500 edged higher on Wednesday to cap a four-day losing streak, buoyed by gains in Apple shares and after the Federal Reserve kept U.S. interest rates unchanged, as expected. Apple shares rose 6.1 percent to $128.75, its highest close in a year and a half.
  
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• Facebook beats Street 4Q earnings, revenue forecasts

  01-02-2017 22:43 via news.yahoo.com
  
  MENLO PARK, Calif. (AP) — Facebook blew past Wall Street's expectations yet again with its quarterly earnings report, despite some concerns that its "ad load," or the number of advertisements it can show users without clogging up their feed, has reached its limit.
  
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• S&P ends higher, snapping 4-day losing streak

  01-02-2017 22:13 via news.yahoo.com
  
  (Reuters) - The S&P 500 rose by a small margin on Wednesday to end a four-day losing streak, buoyed by gains in Apple shares and after the U.S. Federal Reserve kept interest rates unchanged. The Dow Jones Industrial Average rose 26.85 points, or 0.14 percent, to 19,890.94, the S&P 500 gained 0.68 points, or 0.03 percent, to 2,279.55 and the Nasdaq Composite added 27.87 points, or 0.5 percent, to 5,642.65. (Reporting By Rodrigo Campos; Editing by Nick Zieminski)
  
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• GBP/USD Rally Looks to Super Thursday for Fuel

  01-02-2017 21:22
  Cable is testing near-term resistance ahead of the BoE interest rate decision & quarterly inflation report. Here are the updated targets & invalidation levels that matter.
  
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• FOMC Hold Brings on a Dollar Bounce

  01-02-2017 20:09
  The Federal Reserve's first meeting of 2017 brought little by way of new information; but 'less hawkish' languange in the statement brought a quick move of weakness into USD, which was then pounced on by buyers.
  
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• S&P, Dow flat ahead of Fed decision; Apple lifts Nasdaq

  01-02-2017 19:30 via news.yahoo.com
  
  (Reuters) - The S&P 500 and the Dow were little changed on Wednesday as gains in technology stocks were offset by losses in energy, ahead of the Federal Reserve's decision on interest rates.
  
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• Stock markets rebound awaiting Fed

  01-02-2017 19:14 via news.yahoo.com
  
  Global stock markets rose on Wednesday and the dollar recovered with sentiment boosted by strong American jobs data ahead of a keenly-awaited Federal Reserve announcement. The announcement came hours before the US Federal Reserve is due to make its first monetary policy announcements of 2017. While up on the day, European markets were off their highs at the close as Wall Street gave up early gains which had been fuelled in part by strong results from Apple.
  
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• Dollar rebounds, stocks mixed ahead of Fed decision

  01-02-2017 18:38 via news.yahoo.com
  
  By Dion Rabouin NEW YORK (Reuters) - Wall Street stocks pared their early gains on Wednesday as utility and energy shares in the U.S. dragged, but the dollar remained higher along with major equity markets around the world as strong data suggested the global economy was picking up steam. U.S. factory activity hit a more than a two-year high in January and a private payrolls report shot past expectations. "But political risks are definitely one of the biggest this year and, given the surprises we
  
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• European shares snap losing streak on solid earnings, macro data

  01-02-2017 18:11 via news.yahoo.com
  
  By Danilo Masoni and Helen Reid MILAN/LONDON (Reuters) - European shares snapped a three-day losing streak on Wednesday, led higher by miners and industrial stocks following solid corporate results and strong data from China and Europe. "Equity markets across the EU are stronger today on the back of a round of better than expected earnings, as well as rather better than anticipated China manufacturing data," said Stephane Ekolo, chief European strategist at Market Securities in London.
  
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• Google wins its latest case against the 'right to be forgotten'

  01-02-2017 17:34 via news.yahoo.com
  
  The "right to be forgotten" isn't guaranteed worldwide, according to a new court ruling.  Google on Tuesday won the latest lawsuit over its search results when a court in Japan ruled that the company did not need to remove links to articles written about a man arrested on child pornography charges, the Wall Street Journal reported.  The "right to be forgotten" is a term coined by a European Union court in 2014. Europeans can request that information that is "inaccurate, inadequate, irr
  
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• Gold Prices Vulnerable to FOMC- Levels to Know

  01-02-2017 17:34
  A near-term reversal calls into question the recent rally as we head into today's rate decision. Here are the updated targets & invalidation levels that matter.
  
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• Wall Street pares gains as energy, utilities drag

  01-02-2017 17:33 via news.yahoo.com
  
  The S&P 500 slipped into the red and the Dow pared gains in late morning trade on Wednesday, led by losses in energy and utilities sectors, ahead of the Federal Reserve's decision on interest rates. The Fed is expected to keep interest rates unchanged in its first policy meeting after President Donald Trump took office, as the central bank seeks greater clarity on his economic policies.
  
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• Hawkish Fed Rhetoric to Keep EUR/USD Capped by December High

  01-02-2017 17:00
  EUR/USD may mark a failed run at the December high (1.0873) should Fed officials endorse additional rate-hikes for 2017.
  
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• Stocks and dollar rebound ahead of Fed decision

  01-02-2017 16:47 via news.yahoo.com
  
  The dollar had suffered its worst January in three decades after President Donald Trump complained that every "other country lives on devaluation," while the U.S sat by "like a bunch of dummies." It rose 0.4 percent Wednesday, boosted by a stronger-than-expected initial reading on U.S. employment and solid manufacturing data. Wall Street stocks opened higher, powered by a 5-percent jump in Apple, to join most major indexes from Europe, Asia and emerging markets on the rise. Apple shares were the
  
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• European stocks rebound awaiting Fed

  01-02-2017 16:14 via news.yahoo.com
  
  The announcement came hours before the US Federal Reserve is due to make its first monetary policy announcements of 2017. By 1440 GMT, Frankfurt and Paris had extended early gains to post rises of over 1.5 percent, while London and Wall Street were up by around 0.5 percent. Indices had fallen Tuesday as US President Donald Trump's flurry of executive orders fuelled worries about the outlook for the global economy.
  
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• Wall Street higher as Apple powers tech rally; Fed in focus

  01-02-2017 15:58 via news.yahoo.com
  
  Wall Street opened higher on Wednesday as Apple fueled a rally in technology stocks, while investors awaited the Federal Reserve's decision on interest rates. Apple's shares were up 5.1 percent at $127.40 after the company's earnings and iPhone sales blew past expectations in the latest quarter. "With a bellwether company such as Apple reporting an encouraging set of numbers, it has brought the focus of investors back on company fundamentals," said Andre Bakhos, managing director at Janlyn Capit
  
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• FTSE 100 bounces back after Trump-inspired sell-off and pound rises as UK factory costs rise at fastest rate in 25 years

  01-02-2017 15:39 via rocketnews.com
  
  US stocks jumped at the opening bell as investors awaited the Fed’s decision on interest rates. 
  The Dow Jones rose 0.4pc, the S&P 500 advanced 0.36pc and the Nasdaq jumped 0.71pc. 
  The US dollar has extended its gains after stronger-than-expected US ADP private payrolls data.
  US private employers added 246,000 jobs in January, beating forecasts, a report by a payrolls processor showed this afternoon. 
  It hit a session high against the Swiss franc of 0.9919 francs follow
  
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• A Weak U.S. Dollar Runs into the Fed: GBP/USD, USD/JPY Primed

  01-02-2017 15:32
  The month of January brought a brisk change-of-pace to many USD markets. But the Fed was noticeably quiet, and that changes today at 2 PM when the FOMC delivers their statement with accompanying press conference following at 2:30 PM.
  
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• Wall Street set to open higher on Apple rally; Fed in focus

  01-02-2017 14:56 via news.yahoo.com
  
  Wall Street looked set to open higher on Wednesday, in a bright start to the month, buoyed by strong earnings from Apple, while investors awaited the Federal Reserve's decision on interest rates. Investors are closely tracking quarterly earnings to support valuations, especially after a post-election rally pushed Wall Street to record highs. Apple's shares were up 4.40 percent at $126.69 in heavy premarket trading after the company's earnings and iPhone sales blew past expectations in the latest
  
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• Banque du Caire to list its shares in first half of year

  01-02-2017 14:27 via news.yahoo.com
  
  Egyptian state-run lender Banque du Caire will list its shares in the first half of the year as part of the government's plan to sell some stakes in state assets to strengthen the Egyptian stock market and attract investors. The Cairo stock exchange said that the bank had submitted a formal listing request. The bank has 2.25 billion Egyptian pounds ($119.17 million) in capital distributed over 562.5 million shares at a nominal value of 4 pounds per share, it said.
  
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• What can we learn from a Poker player?

  01-02-2017 14:15 via liteforex.com
  
  Thrill and risk, greed and fear are permanent companions of all gamblers and traders. These sensations and features of character are common for professional players of poker and traders in the financial markets.
  
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• Preview for February FOMC Meeting - Outlook for EUR/USD, USD/JPY

  01-02-2017 13:53
  Today's meeting is nothing more than procedural, given market expectations.
  
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• Brexit Briefing: GBP/USD Well Placed to Rally After Vote in Parliament

  01-02-2017 13:32
  The UK Parliament is expected to vote in favor of formally starting the Brexit process after the European markets close Wednesday. That could remove some of the uncertainty plaguing the British Pound.
  
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• Silver Prices: Bullish Pattern Faces Important Trend-line Test

  01-02-2017 13:07
  Silver broke above key resistance, triggering an inverse H&S formation; but it will need to cross the July trend-line before it can gain further momentum.
  
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• British Pound Eyes December High on Raised Inflation Concerns

  01-02-2017 13:04
  Bank of England Governor Mark Carney will need to address raised input price worries against fears that UK growth could falter ahead of Brexit negotiations.
  
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• Toshiba to 'stop building' new nuclear plants

  01-02-2017 12:09 via news.yahoo.com
  
  Japan's Toshiba is set to dramatically reduce its nuclear operations and stop building new atomic power plants after suffering billion of dollars of losses on US projects, a report said. The engineering conglomerate, a once proud pillar of corporate Japan, is undergoing major restructuring after an accounting scandal and huge losses in its nuclear business. The company now intends to announce plans to exit nuclear power plant construction by the middle of February, the Wall Street Journal report
  
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• UK mobile, TV masts group Arqiva hires Rothschild for sale or listing - sources

  01-02-2017 12:06 via news.yahoo.com
  
  Arqiva, a company that runs much of Britain's TV and mobile infrastructure but is little known outside the industry, could put itself up for sale or list on the stock market as part of a review led by Rothschild, two sources said on Wednesday. Arqiva, which carried the BBC's first TV broadcast in 1936, works with major mobile operators, independent radio groups and leading British broadcasters. With revenues in the year to end June 2016 of 850 million pounds, Arqiva could draw interest from othe
  
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• Gold Price Recovery May Find Added Fuel in Fed Rate Decision

  01-02-2017 11:48
  Gold prices may continue higher after posting the largest increase in a month as uneasy market conditions since the start of 2017 translate into a cautious FOMC posture.
  
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• EUR/USD Boosted by Robust Euro-Zone Business Activity

  01-02-2017 11:03
  The single currency traded back near six-weeks highs after the final Markit Euro-Zone manufacturing PMI rose to a 69-month high.
  
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• DAX Technical Outlook: Easy Come, Easy Go

  01-02-2017 10:29
  The recent breakout from a base quickly fails, momentum still in favor of lower prices until proven otherwise.
  
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• Japanese Yen May Return to the Offensive on Skittish FOMC

  01-02-2017 10:03
  The Japanese Yen may regain some vigor after a pullback overnight as a cautious FOMC statement weighs on the US Dollar and market sentiment alike.
  
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• Asian Stocks Rise as First 2017 Fed Meet Looms

  01-02-2017 09:30
  Asian equities closed mostly higher on Wednesday, while the US Dollar managed to get up off the canvas. Fed-waiting took hold toward the end of the session.
  
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• Launch of new client profiles in a live environment

  01-02-2017 07:00 via liteforex.com
  
  Updated design and set of functions available to LiteForex’s all clients
  
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• Most Asian markets gain following positive China data

  01-02-2017 06:59 via news.yahoo.com
  
  Most Asian stock market indices were trading higher on Wednesday (1 February), with the Shanghai Composite being closed on account of a public holiday. The bullish trend follows two days of consecutive declines and comes following positive data being reported by China.
  
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• MIDEAST STOCKS-Gulf may move sideways; UAE earnings in line with expectations

  01-02-2017 06:49 via news.yahoo.com
  
  DUBAI, Feb 1 (Reuters) - Stock markets in the Gulf may move sideways on Wednesday as oil prices have stalled near $55 a barrel and sluggish global shares offer little positive impetus, while fourth-quarter earnings from large caps in the United Arab Emirates came broadly in line with expectations. Dubai's Emaar Malls, a unit of Emaar Properties , reported a 3.9 percent rise in fourth-quarter net profit to 452 million dirhams ($123 million); EFG Hermes had forecast 466.95 million dirhams and SICO
  
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• Pound Looks Past Soft Shop Prices, Growth Downgrade as BOE Looms

  01-02-2017 03:35
  The British Pound overlooked cooling shop price inflation and a downgrade in a private-sector forecast of UK growth as the BOE’s “Super Thursday” approaches.
  
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• Aussie Dollar Continues Lower Despite Modest China PMI Beat

  01-02-2017 03:27
  The Australian Dollar was already in retreat from its overnight peak when China’s PMI data came in above forecasts but below last month’s.
  
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• Apple defies Wall Street with strong revival in iPhone sales

  01-02-2017 02:21 via news.yahoo.com
  
  By Narottam Medhora and Stephen Nellis SAN FRANCISCO (Reuters) - Apple Inc reclaimed the throne as the world's top smartphone seller for the first time in five years on Tuesday, beating out rival Samsung in units shipped for the holiday quarter and boosting revenues with a strong showing for its new, top-of-the-line iPhone 7 Plus. The iPhone sales numbers, and a profit of almost $18 billion, both handily beat Wall Street expectations, sending its shares up 3 percent in after-hours trading. Apple
  
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• Apple defies Wall St. with strong revival in iPhone sales

  01-02-2017 02:16 via news.yahoo.com
  
  By Narottam Medhora and Stephen Nellis SAN FRANCISCO (Reuters) - Apple Inc reclaimed the throne as the world's top smartphone seller for the first time in five years on Tuesday, beating out rival Samsung in units shipped for the holiday quarter and boosting revenues with a strong showing for its new, top-of-the-line iPhone 7 Plus. The iPhone sales numbers, and a profit of almost $18 billion, both handily beat Wall Street expectations, sending its shares up 3 percent in after-hours trading. Apple
  
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• New Zealand Dollar Hit By Rising Jobless Rate

  01-02-2017 01:43
  The New Zealand Dollar was clobbered early in the Asia/Pacific session by some consensus-missing employment statistics.
  
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• Facebook to develop app for television set-top boxes: WSJ

  01-02-2017 00:08 via news.yahoo.com
  
  (Reuters) - Facebook Inc is creating an app for television set-top boxes, including Apple Inc's Apple TV, the Wall Street Journal reported, citing people familiar with the matter. The world's biggest online social network is also in discussions with media companies to license long-form, TV-quality programming, the Journal reported on Tuesday. Getting advertisers to buy more video ads is key to Facebook's continued revenue growth as such ads fetch higher rates from advertisers than text or photo-
  
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