Analyst news

• Wall Street rises on earnings despite oil price pressure, dollar climbs

  07-02-2017 23:10 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - Wall Street ended higher on Tuesday boosted by corporate earnings, while the dollar climbed to a more than one-week high on technical buying and political uncertainty in Europe. The weakness in oil dragged down U.S. energy shares but this was countered by gains in big tech names that helped lift the Nasdaq to a record closing high. "The story is a pretty good one for stocks in terms of it looks like the economy is continuing to grow, I think corporate profits
  
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• Market uncertainty persists in US as trade deficit rises

  07-02-2017 23:05 via news.yahoo.com
  
  Political uncertainly continues to plague the US stock market as investors maintain their "wait and see" policy regarding new laws brought in by President Donald Trump.
  
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• Nasdaq at record; French stocks fall on pre-election angst

  07-02-2017 23:00 via news.yahoo.com
  
  US equities rose Tuesday, with the Nasdaq edging to a fresh record, but Paris stocks and the euro retreated on rising anxiety about the French presidential election.
  
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• Tiny move: Nasdaq notches new high as US stocks inch higher

  07-02-2017 22:56 via news.yahoo.com
  
  Wall Street capped a subdued day of trading Tuesday with a tiny gain and another milestone.
  
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• Wall Street edges up as Nasdaq sets record high

  07-02-2017 22:34 via news.yahoo.com
  
  (Reuters) - The S&P 500 ended barely higher on Tuesday while the Nasdaq managed to scratch out a new record as gains in big tech names countered energy declines.
  
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• Disney revenue unexpectedly drops as ESPN, studio business weighs

  07-02-2017 22:33 via news.yahoo.com
  
  (Reuters) - Walt Disney Co's reported lower-than-expected quarterly revenue, hurt by a drop in advertising revenue at ESPN and an unfavorable comparison in the movie business due to the record success of "Star Wars: The Force Awakens" a year earlier. The unexpected drop in revenue overshadowed Disney's profit beating Wall Street expectations and sent the company's shares down 2.2 percent to $106.61 after the bell on Tuesday. The company's total revenue decreased to $14.78 billion in the first qu
  
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• Revamping Dodd-Frank a 'this-year priority': U.S. lawmaker

  07-02-2017 22:25 via news.yahoo.com
  
  The chairman of the U.S. Financial Services Committee told CNBC on Tuesday that revamping the 2010 Dodd-Frank Wall Street reform law remained a "this-year priority" for President Donald Trump, Vice President Mike Pence and House Speaker Paul Ryan. Republican Representative Jeb Hensarling said he would soon reintroduce his legislation that gives banks a choice between complying with Dodd-Frank and holding more capital. Pence can cast votes to break ties on legislation.
  
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• Deutsche Bank investment banking head Urwin in talks to leave - WSJ

  07-02-2017 22:01 via news.yahoo.com
  
  (Reuters) - Deutsche Bank AG's investment banking chief Jeffrey Urwin is in talks to leave the role, and the bank is in discussions to name finance chief Marcus Schenck to run the unit, the Wall Street Journal reported, citing people familiar with the matter. The bank hired Urwin, a Briton, in February 2015 from JP Morgan , where he co-headed the global banking division. Deutsche Bank declined to comment on the report. (http://on.wsj.com/2lhcgiH) (Reporting by Rama Venkat Raman in Bengaluru; Edi
  
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• Crude Oil Price Forecast: Price Test of Key Zone As Positions Swell

  07-02-2017 22:00
  Crude Oil has fallen 2% on very low volume and remains within the Macro Opening Range causing us to be on the watch for a breakout with volume confirmation.
  
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• Revamping Dodd-Frank is a 'this-year priority': U.S. Rep. Hensarling

  07-02-2017 21:51 via rocketnews.com
  
  U.S. Representative Jeb Hensarling (R-TX) speaks to members of the media after meeting with U.S. President Elect Donald Trump at Trump Tower in the Manhattan borough of New York City, U.S., November 17, 2016. REUTERS/Mike Segar
  MoreWASHINGTON (Reuters) – The chairman of the U.S. Financial Services Committee on Tuesday told CNBC that revamping the 2010 Dodd-Frank Wall Street reform law remains a “this-year priority” for President Donald Trump, Vice President Mike Pence and House
  
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• Wall Street pares gains on lower oil prices, dollar climbs

  07-02-2017 21:21 via news.yahoo.com
  
  By Hilary Russ NEW YORK (Reuters) - Wall Street pared gains on declining oil prices, while the dollar climbed to a more than one-week high on Tuesday on technical buying and political uncertainty in Europe. Oil fell with sluggish demand and evidence of a burgeoning revival in U.S. shale production. U.S. crude oil futures settled 1.58 percent, or 84 cents, lower at $52.17 a barrel.
  
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• China’s Market News: Yuan Weakens, Foreign Reserves Fall

  07-02-2017 21:15
  The USD/CNH continues to show an inverse relationship with China’s foreign reserves.
  
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• Make 2017 the year you finally budget for charity

  07-02-2017 19:54 via news.yahoo.com
  
  If you're an avid reader of the news, or even just a casual internet user, then you know the state of the world isn't exactly great at the moment.  You probably want to help in whatever ways you can, and that often means financially supporting the organizations you care about. But maybe you're not totally sure how to work that into your budget.  SEE ALSO: Celebrities are pouring money into the ACLU after Trump's immigration ban As calls for monthly donations to nonprofits doing essenti
  
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• Wall Street pares gains as drop in oil prices weighs

  07-02-2017 19:32 via news.yahoo.com
  
  U.S. stocks pared gains in early afternoon trading on Tuesday as a fall in oil prices dragged down energy shares. The Dow Jones Industrial Average and the Nasdaq Composite hit all-time highs just after the market opened, with the S&P 500 coming within spitting distance of yet another record high. Oil prices were pressured by sluggish demand and evidence of a burgeoning revival in U.S. shale production that could complicate efforts by OPEC and other producers to reduce a supply glut.
  
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• Forex Education: Trading Elliott Wave Impulses (Webinar Recording)

  07-02-2017 19:29
  Elliott Wave Theory can be difficult for newer traders to grasp. This webinar recording is the first of a multi-part series on learning to trade with EW.
  
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• Strong earnings boost European shares, but France lags

  07-02-2017 19:10 via news.yahoo.com
  
  By Danilo Masoni and Atul Prakash MILAN/LONDON (Reuters) - European shares rose on Tuesday, helped by some encouraging company results, but French stocks slipped after earnings at BNP Paribas disappointed and election jitters weighed on the country's sovereign bonds. French banks, among the best performers among European financials in 2016, fell after BNP reported results below forecasts, while the country's bond yields spiked on concerns that the far right could win France's presidential vote a
  
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• Stock markets rise on Wall Street, stronger dollar

  07-02-2017 18:53 via news.yahoo.com
  
  London (AFP) - Global stock markets headed higher Tuesday, driven by a stronger dollar and a crop of upbeat earnings reports on Wall Street, traders said.
  
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• USD/JPY Approaches Key Slope of Influence

  07-02-2017 18:52
  USDJPY is eyeing key technical support with the short-bias at risk while above 111. Here are the updated targets & invalidation levels that matter.
  
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• US Colleges Raise a Record $41 Billion, So Why Is Tuition Still Climbing?

  07-02-2017 18:04 via news.yahoo.com
  
  More than a quarter of contributions went to just 20, mostly private, institutions, led by Harvard, Stanford and the University of Southern California, according to a new report from the Council for Aid to Education. Relatively weak stock market performance during the 2016 fiscal year, which ended June 30, meant fewer individual donations last year. Overall, charitable contributions comprise just 10 percent of university spending, down from a high of 16 percent in 2000.
  
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• Dow, Nasdaq hit record highs as rally regains steam

  07-02-2017 17:46 via news.yahoo.com
  
  U.S. stocks were higher in later morning trading on Tuesday, with the Dow Jones Industrial Average and the Nasdaq Composite hitting record levels and the S&P 500 coming within spitting distance of yet another all-time high. The S&P 500 is trading at 17.7 times forward 12-month earnings, above the 10-year median of 14.7 times, according to StarMine data. Fourth-quarter earnings are estimated to have risen 8.2 percent - the best in nine quarters.
  
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• GBP/USD Extends Bearish Series Despite Hawkish BoE

  07-02-2017 17:20
  GBP/USD extends the recent series of lower highs & lows even as Bank of England (BoE) board member Kristin Forbes highlights a hawkish outlook for monetary.
  
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• European stock markets rise as dollar recovers

  07-02-2017 16:25 via news.yahoo.com
  
  The dollar recovered Tuesday, helping to lift European stock markets, as investors tracked political unrest on both sides of the Atlantic. A stronger opening on Wall Street, driven by a slew of corporate earnings reports, also helped underpin the morning's gains in Europe, traders said. This was good news for the European indices.
  
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• Dow and Nasdaq hit record highs

  07-02-2017 16:10 via news.yahoo.com
  
  (Reuters) - The Dow Jones Industrial Average and the Nasdaq Composite hit record levels at the open on Tuesday, while the S&P 500 was less than five points away from hitting another all-time high.
  
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• MIDEAST STOCKS-Corporate earnings boost Egypt, Dubai; Kuwait's pull-back deepens

  07-02-2017 15:51 via news.yahoo.com
  
  * Egypt's Palm Hills soars on Q4 earnings beat * Two Egyptian food producers rise daily limits * Dubai's DFM outperforms on Q4 profit leap * Banks support Abu Dhabi * Kuwait drops on profit-booking in heavy volume DUBAI, Feb 7 (Reuters) - Strong corporate earnings in Egypt and Dubai buoyed those markets on Tuesday, while Kuwait continued pulling back on profit-taking after a bullish run last month. Cairo's Palm Hills Development soared 9.2 percent to 3.08 Egyptian pounds after it reported fourth
  
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• GM fourth-quarter profit falls on currency losses; stock tumbles

  07-02-2017 15:49 via news.yahoo.com
  
  General Motors Co on Tuesday reported that fourth-quarter net income dropped partly from $500 million in foreign exchange losses, and the automaker forecast flat 2017 profit per share despite hefty stock buybacks. The stock tumbled 4.7 percent in early trading in part because Wall Street fretted over GM's higher U.S. inventories. GM Chief Financial Officer Chuck Stevens said the company had built up stocks ahead of product launches, and intends to bring inventories down through the year.
  
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• Dow, Nasdaq hit record highs

  07-02-2017 15:34 via news.yahoo.com
  
  (Reuters) - The Dow Jones Industrial Average and the Nasdaq Composite hit a record high at the open on Tuesday. The Dow Jones Industrial Average rose 61.66 points, or 0.31 percent, to 20,114.08. The S&P 500 gained 2.88 points, or 0.12 percent, to 2,295.44. The Nasdaq Composite added 7.06 points, or 0.12 percent, to 5,670.62. (Reporting by Tanya Agrawal in Bengaluru; Editing by Anil D'Silva)
  
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• CAC 40 Little Changed For Session

  07-02-2017 14:22
  In the absence of economic news, the CAC 40 remains little changed for today's trading.
  
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• DXY Trying to Bottom; Watch EUR/USD, Not USD/JPY

  07-02-2017 13:37
  Both EUR/USD's and GBP/USD's declines today are fueling the DXY Index's attempt at breaking the downtrend from January 3.
  
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• Stock futures rise with focus on earnings

  07-02-2017 13:36 via news.yahoo.com
  
  (Reuters) - U.S. stock index futures were higher on Tuesday as investors look for a steer from a rush of quarterly earnings reports.
  
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• Gold, Crude Oil Prices Retreat as the US Dollar Mounts Recovery

  07-02-2017 12:43
  Gold and crude oil prices turned lower as the US Dollar recovered amid renewed Fed rate hike speculation. A White House effort to weaken Dodd-Frank may be the catalyst.
  
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• GBPUSD Falls Through Support as House Price Growth Slows

  07-02-2017 12:00
  GBPUSD has dropped through an important support level as a latest sign of a slowing in the UK housing market stoke fears of weakening consumer fundamentals in the country.
  
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• BP earnings disappoint as it cuts costs, investment

  07-02-2017 11:54 via rocketnews.com
  LONDON (AP) — Oil producer BP’s earnings rose less than expected in the fourth quarter, as it sought to adapt to low energy prices with cost cuts, asset sales and a pullback in investment plans.
  A key measure of net income, the underlying replacement cost profit, rose to $400 million from $196 million in the same period last year. That missed analyst forecasts for $540 million, as surveyed by data provider FactSet. The profit measure, which excludes fluctuations in the value of inve
  
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• Silver Prices Looking for Separation from July Trend-line

  07-02-2017 11:45
  Silver is trying to stay above an important trend-line and make good on a bullish bottoming formation.
  
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• Sterling Remains Under Pressure as Brexit Talks Continue

  07-02-2017 11:33
  UK Prime Minister Theresa May has so far beaten Opposition calls for Article 50 to be amended but with further votes expected on Tuesday and Wednesday, the British Pound remains vulnerable.
  
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• US Dollar Surges as White House Takes Aim at Dodd-Frank Law

  07-02-2017 11:24
  The US Dollar is on pace to post the largest gain in three weeks after the Trump White House moved to weaken the Dodd-Frank bank regulation framework.
  
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• DAX: Decline Appears Corrective, Trades into Support

  07-02-2017 10:27
  The German index continues to trade lower, but so far looks like a 'normal' pullback into support.
  
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• Global stocks mixed after Wall Street decline, dollar gains

  07-02-2017 10:24 via news.yahoo.com
  
  European shares were little changed in early trading Tuesday while Asian stocks mostly fell. Oil prices fluctuated after declines that dragged Wall Street lower. KEEPING SCORE: In early trading, Germany's ...
  
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• 2017 Stock Market Outlook: Buffett, Soros, Rogers, Gundlach and Dalio

  07-02-2017 10:15 via news.yahoo.com
  
  Yes, 2016 was a really messy year. And yes, some of its effects will carry on to 2017. But the STI was not greatly affected, as we could see from its performance at year end. So it's not all doom and gloom for Singapore this year.
  
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• BP 4th quarter earnings more than double as it cuts costs

  07-02-2017 10:03 via news.yahoo.com
  
  LONDON (AP) — Oil giant BP said Tuesday that its fourth quarter earnings more than doubled as it cut costs and reduces investment to adjust to an era of lower energy prices.
  
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• European shares up as earnings cheer offsets weakness in oil, French banks

  07-02-2017 10:00 via news.yahoo.com
  
  European shares rose on Tuesday pushing the benchmark STOXX 600 back slightly into positive territory for the year with some encouraging company updates and gains in healthcare stocks helping to counter weakness in oil majors and eurozone banks. The pan-European STOXX 600 index rose 0.2 percent with bluechip healthcare stocks, industrials and mining stocks underpinning gains. Among sector movers, the European mining index rose 0.9 percent, the best performer in STOXX 600 index, helped by a rise
  
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• BP 4th-quarter earnings more than double to $400 million

  07-02-2017 08:36 via news.yahoo.com
  
  LONDON (AP) — Oil giant BP says fourth-quarter earnings more than doubled as it made progress adjusting to lower energy prices.
  
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• Asian markets decline amid forecasts that China will report further decline in forex reserves

  07-02-2017 07:26 via news.yahoo.com
  
  Most Asian stock market indices were trading lower on Tuesday (7 Feb), with the Shanghai Composite down 0.47% at 3,142.02 as of 5.31am GMT. This followed expectations that China will report a further decline in its foreign exchange reserves.
  
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• White House memo confuses Wall Street on fate of fiduciary rule

  07-02-2017 07:21 via news.yahoo.com
  
  WASHINGTON/NEW YORK (Reuters) - Conflicting signs from the White House have left brokerage firms and lobbyists unsure whether a controversial rule governing retirement advice will ever be put in place, but they are taking no chances and complying anyway. President Donald Trump's Friday memorandum ordered the Labor Department to review the so-called "fiduciary" rule, which requires brokers to put their clients' interests first when advising them about 401(k) plans or individual retirement account
  
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• Aussie Dollar Gains as RBA Keeps Policy Stance Unchanged

  07-02-2017 06:26
  The Australian Dollar rose after the Reserve Bank of Australia opted to keep policy unchanged and hinted that rate cuts were unlikely in the near term.
  
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• Asian stocks decline after Wall Street falls

  07-02-2017 06:08 via news.yahoo.com
  
  Asian stock markets were mostly lower Tuesday and oil prices rebounded after declines that dragged Wall Street lower. KEEPING SCORE: Tokyo's Nikkei 225 index lost 0.1 percent to 18,962.94 and Sydney's ...
  
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• Yen supported by risk aversion, euro sags on political woes

  07-02-2017 01:39 via news.yahoo.com
  
  By Shinichi Saoshiro TOKYO (Reuters) - The dollar stood near a 10-week low against the yen early on Tuesday as investors sought refuge in the safe-haven Japanese currency, while the euro languished on French political woes. The dollar was little changed at 111.730 yen , in close range of 111.625, its lowest since Nov. 29 plumbed overnight. The greenback sank 0.7 percent against the yen the previous day on rising risk aversion, with U.S. Treasury yields falling in tandem with Wall Street shares a
  
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• Fed's Harker says March 'should be considered' for next rate hike

  07-02-2017 00:18 via news.yahoo.com
  
  Philadelphia Federal Reserve Bank President Patrick Harker on Monday said he would be open to raising interest rates again at the U.S. central bank's March meeting if growth in jobs and wages continues. "I still am supportive of three rate hikes this year, of course with a major caveat, depending on how the economy evolves and policy, fiscal policy, evolves," Harker told reporters after a speech on the regulation of fintech firms." I think March should be considered as a potential for another 25
  
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• Indonesia to hold court hearing into Goldman Sachs's billion-dollar dispute with tycoon

  07-02-2017 00:10 via news.yahoo.com
  
  By Eveline Danubrata JAKARTA (Reuters) - Indonesia will hold a court hearing on Tuesday into a billion-dollar dispute between Goldman Sachs and a local tycoon, who says the Wall Street giant's unit unlawfully sold shares he owned, in the latest test for the country's legal system. Goldman took the unusual step of counter-suing the tycoon - Benny Tjokrosaputro - for reputational damage. The hearing on Tuesday will give the retail-to-property businessman a chance to rebuff Goldman's assertion.
  
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• What teens want Snapchat to spend its Wall Street fortune on

  07-02-2017 00:06 via news.yahoo.com
  
  Snapchat rocked Wall Street last week with a filing for its initial public offering that revealed tons of detail about the secretive company.  But for most of the app's users, it was just a regular day on Snapchat.  That's just fine by Snap Inc. — the name for the company behind Snapchat — which doesn't want its users to worry about things like "going public" or its Wall Street name $SNAP.  "You can search Snapchat or Spectacles for the fun stuff and leave Snap Inc. fo
  
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