Markets
Record low official cash rate unchanged
He say long term inflation expectations remain firmly anchored around the 2 per cent mark. We are still left with the clear impression that the hurdle for policy action (in either direction) remains high . "The market was short kiwi-Aussie cross going into the statement and was certainly looking for Wheeler to make more aggressive comments about the currency", and that was enough to propel the ... [Full Article...]
Carrizo Oil & Gas, Inc. (CRZO) Stake Lowered by RidgeWorth Capital Management LLC
WEBSTER STEVEN A had bought 40,830 shares worth $1.27 million. More than half of oil and gas firms are planning for growth even though they say the slide in the pound and higher resulting costs remain "challenges" for the sector, notes the sixth annual Bank of Scotland Oil & Gas Report. [Full Article...]
Oxford Asset Management Has $1.16 Million Position in Sanchez Energy Corporation (SN)
On Thursday, September 29 the stock rating was downgraded by JMP Securities to "Market Perform". CLSA upgraded the shares of SN in report on Wednesday, August 12 to "Underperform" rating. Stifel Nicolaus reaffirmed a hold rating and set a $5.00 target price on shares of EP Energy Corp in a research note on Friday, May 26th. 52,216 shares were sold by SANCHEZ ANTONIO R III , worth $454,123. [Full Article...]
Zanganeh Says Higher US Output Impairs Int'l Crude Prices
So far this year, oil has lost 20 percent in value, its worst performance for the first six months of the year since 1997, Reuters reported. USA producers, meanwhile, can now be profitable at lower prices than before the collapse. "The key question most traders are asking is when oil will finally find support?" Berentsen said that unless OPEC deepened cuts or there was a large, unexpected pr... [Full Article...]
Whitbread reverses sales decline at coffee arm Costa
Neil Wilson, leisure analyst at ETX Capital, said: "In a heatwave a hot coffee doesn't quite hit the spot, so Whitbread will be hoping its Cold Brew and Frostino products will catch on". Shares closed up 131p at 3,984p. However, Hyett added that it was "the worldwide business that seems likely to become the long term growth driver". [Full Article...]
Family declines autopsy for US student released by North Korea
Warmbier's death have been drawn at this time as there are additional medical records and imaging to review and people to interview", the statement said . Americans comprise about a fifth of all non-Chinese tourists to North Korea, tour operators say. "While I greatly appreciate the efforts of President Xi & China to help with North Korea, it has not worked out ". [Full Article...]
Yuan drops, shrugging off MSCI decision
Going the other way, the CSI 300 Index of large companies listed in Shanghai and Shenzhen added 0.5% after MSCI said late Tuesday in NY it will add 222 yuan-denominated A-shares to its MSCI Emerging Markets Index, whose constituents had a capitalization of $4.6 trillion as of May 31. [Full Article...]
Investor's Watch List: Eqt Corp (NYSE:EQT)
After having $0.44 EPS previously, EQT Corporation's analysts see -65.91% EPS growth. American Century Companies Inc. raised its stake in shares of EQT Corporation by 9.1% in the first quarter. Over the last 5 years, EQT Corporation has averaged a -24.30% YoY EPS growth rate and a 4.00% revenue growth rate. The company also recently declared a dividend which was paid on Thursday June 1st, 2017. [Full Article...]