Analyst news

• Brexit Bill’s Progress Crucial for GBP/USD Outlook

  05-02-2017 19:00
  With politics rather than economics continuing to drive the British Pound, attention in the coming days will be fixed on the Brexit Bill as it winds its way through the Westminster Parliament.
  
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• Quiet Calendar Leaves Euro at Whims of External Influences

  05-02-2017 18:49
  A dramatically quieter calendar this week will leave the Euro without significant drivers, making the newsfeed the biggest risk in the coming days.
  
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• MIDEAST STOCKS-Saudi, Kuwait retreat; UAE bourses strong

  05-02-2017 14:17 via news.yahoo.com
  
  * Atheeb Telecom, Nama Chemicals take hit in Saudi * Political tensions encourage profit-taking in Kuwait * Dubai's Shuaa Capital rises before annual earnings * Industries Qatar slides on Q4 earnings miss, dividend cut * Egypt's Global Telecom breaks above range DUBAI, Feb 5 (Reuters) - Saudi Arabia's stock market fell in a broad-based decline on Sunday and political tensions helped to pull down Kuwait, while United Arab Emirates bourses rose. The Saudi index closed 0.7 percent lower with declin
  
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• BUZZ-Industries Qatar sinks on Q4 earnings miss, dividend cut

  05-02-2017 07:42 via news.yahoo.com
  
  Feb 5 (Reuters) - ** Shares in petrochemicals, metals and fertiliser producer Industries Qatar sink 3.5 percent to 111.50 riyals ** Company posted 63 percent drop in fourth-quarter net profit to 230 million riyals ($63.2 million); average forecast of three analysts polled by Reuters was for 902.7 million riyals. It gave no reason for sharp drop ** Board recommended cash dividend for 2016 of 4 riyals per share, less than proposed dividend of 5 riyals in 2015 ** Stock has technical support on 100-
  
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• BUZZ-Dubai's Shuaa surges before earnings, news conference

  05-02-2017 07:33 via news.yahoo.com
  
  Feb 5 (Reuters) - ** Shares in Dubai investment bank Shuaa Capital jump 3.1 percent to 1.65 dirhams ** Company said board will meet Feb. 13 to approve annual earnings, will hold news conference afterwards ** Investors expect company to detail its strategy after Abu Dhabi Financial Group bought 48.36 percent stake in it last November ** Shuaa could form central part of ADFG's financial industry strategy for Gulf; in December, Shuaa bought 14 percent of Bahrain's Khaleeji Commercial Bank for 9.6 m
  
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• Wall St. Week Ahead: Dollar's sudden weakness could help U.S. profit picture

  05-02-2017 03:36 via news.yahoo.com
  
  Stock investors could have at least one less worry in the next earnings period: the suddenly limp U.S. dollar. The greenback, whose strong rally after the Nov. 8 U.S. election hit profits at many U.S. multinationals in the fourth quarter, has had a sharp reversal since the start of the year. Fourth-quarter results, even with the dollar's drag, are mostly beating Wall Street's expectations and helping provide a buffer to some of the uncertainties facing investors, including the new U.S. president
  
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• China vows strong punishments for illegal financing activities

  05-02-2017 03:27 via news.yahoo.com
  
  China will severely punish people involved in illegal financing activities, especially targeting underground banks and the stock market, after a series of scandals, state news agency Xinhua said on Sunday, citing the state prosecutor. "Conscientiously follow the demands of the central government, put the prevention of financial risk in an even more important position," Xinhua said. "Severely punish the illegal collection of public deposits, fraudulent fund-raising and other economic crimes invol
  
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