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Oil Edges Lower As Focus On Output Cut Compliance

Oil Edges Lower As Focus On Output Cut Compliance Oil edged lower Monday with the focus on compliance with agreed output cuts. Brent crude shed 6 cents, or 0.11%, to $55.39 at 08:00 ET. U.S. crude lost 10 cents, or 0.19%, to $52.27. Trading was thin, with the U.S. markets closed for a public holiday. OPEC and non-OPEC producers have agreed to cut output by some 1.8 million barrels a day in the first six months of this year. Saudi Arabia and Kuwait have already moved to decrease production but…

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Essilor To Merge With Luxottica In $49 Bln Deal Market News 

Essilor To Merge With Luxottica In $49 Bln Deal

Essilor To Merge With Luxottica In $49 Bln Deal Essilor To Merge With Luxottica France-based optical-lens maker Essilor International SA (EL), Delfin and Ray-Ban maker Luxottica Group (LUX) Monday announced their plan to merge in a deal valued around $49 billion. Essilor would become a holding company with the new name “EssilorLuxottic.” The Luxembourg based Delfin Sarl, the holding company of Del Vecchio family, owns Luxottica. Delfin has agreed to offer shares in Luxottica to Essilor on an exchange ratio of 0.461 Essilor share for one Luxottica share. Other Stories…

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IPO Watch: Canada Goose May Be Very Stylish This Winter Market News 

IPO Watch: Canada Goose May Be Very Stylish This Winter

IPO Watch: Canada Goose May Be Very Stylish This Winter Luxury coat maker Canada Goose Inc. Is reportedly planning for an initial public offering or IPO within next three months. The Toronto based winter-apparel maker aims for a valuation of up to $2 billion and to raise up to $300 million through IPO. Bain Capital owns majority of stake in Canada Goose since 2013. The company started as Metro Sportswear Ltd in Toronto in 1957 has been dealing with woollen vests, other Stories Buz Traders Folow FTSE 100 BREAKS 14-DAY…

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USDCAD US Dollar rose against CAD BOC key interest rate unchanged Forex News 

USDCAD CREEPING HIGHER WITH EYES FOR 1.32 HANDLE

USDCAD CREEPING HIGHER WITH EYES FOR 1.32 HANDLE Buz Investors USDCAD CREEPING HIGHER Currently, USD/CAD is trading at 1.3180, down -0.05% on the day, having posted a daily high at 1.3189 and low at 1.3172. We had a US holiday today and much of the tone was risk -off, favouring the greenback to some degree after yesterdays crash in the pound again on the open of early Asia in thin trade. Market wrap: risk aversion increasing, watching sterling – Westpac Other Stories Buz Traders Follow TODAY’S FOREX BUZWORD MAJOR CURRENCY…

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KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK'S GDT PRICE INDEX? Forex News 

KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK’S GDT PRICE INDEX?

KIWI TO GET A BOOST FROM WHAT FUTURES ARE PRICING INTO THIS WEEK’S GDT PRICE INDEX? KIWI TO GET A BOOST The market for the Kiwi has been relatively subdued at the start of the week with much of the focus on the pound and the hard-Brexit concerns that have given way to a phase of risk aversion once again in Global markets. However, focus will soon turn to New Zealand and the correlation between the kiwi and global dairy prices. We have seen a slump in global demand of late, but as the…

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Buz Investors Germany DAX 30 The DAX 30 declined 74 points, or 0.6%, to 11,555 on Monday. In Europe, equities closed in the red as investors remained cautious ahead of a speech by UK's Prime Minister Theresa May tomorrow in which she is expected to signal that the UK will fully break from the EU’s common market after Brexit. The FTSE Forex News 

European Stocks Fall Ahead Of May’s Brexit Speech

Germany DAX 30 Stock Market Index Buz Investors Germany DAX 30 The DAX 30 declined 74 points, or 0.6%, to 11,555 on Monday. In Europe, equities closed in the red as investors remained cautious ahead of a speech by UK’s Prime Minister Theresa May tomorrow in which she is expected to signal that the UK will fully break from the EU’s common market after Brexit. The FTSE  100 lost 11 points, or 0.2%, despite a weaker pound; the DAX 30 declined 74 points, or 0.6%; the CAC 40 went down 40…

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Buz Investors UK Leaves Monetary Policy The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on December 15th, 2016 Forex News 

UK Leaves Monetary Policy Unchanged

UK Leaves Monetary Policy Unchanged Buz Investors UK Leaves Monetary Policy The Bank of England Monetary Policy Committee voted unanimously to hold the Bank Rate at a record low of 0.25 percent and to leave the stock of purchased assets at £435 billion on December 15th, 2016 in order to meet the 2 percent inflation target, in a way that helps to sustain growth and employment. Policymakers reiterated that the path of monetary policy would depend on the evolution of the prospects for demand, supply, the exchange rate, and therefore…

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ndividual movers: Pound weakness in recent months has pushed up shares of multinational companies, as the profit they make overseas is beefed up when it’s converted into pounds. Among such multinationals, shares of consumer goods products makers Reckitt Benckiser Group PLC RB., +1.61% RBGLY, -0.14% and Unilever PLC ULVR, +0.58% UL, -0.26% rose 1.6% and 0.6% on Monday, respectively. Luxury-goods maker Burberry Group PLC BRBY, +1.61% BURBY, +1.94% added 1.6%. Burberry on Monday said Marco Gobbetti, currently CEO and chairman of Céline, will join Burberry on Jan. 27 and will become chief executive in July. But the prospect of a hard Brexit was weighing on shares of some banks, which rely on passporting rules that allow them to more easily conduct business throughout the EU. Barclays PLC BARC, -1.76% BCS, -0.09% fell 1.8% and Lloyds Banking Group PLC LLOY, -2.04% LYG, -1.51% gave up 2%. Separately, Royal Bank of Scotland Group RBS, -2.80% RBS, +0.00% lost 2.8% after Goldman Sachs downgraded the lender’s rating to neutral from buy in a note discussing valuations in the European banking sector. Market News 

FTSE 100 Breaks 14-Day Winning Streak

UK FTSE 100 Stock Market Index Buz Investors uk-ftse-100 The FTSE 100 declined by 11 points, or 0.2%, to close at 7,327 on Monday as investors awaited a speech by UK’s Prime Minister Theresa May on Tuesday afternoon in which she is expected to unveil the approach the administration will take to Brexit. It was the first session since December 21st that the index finished in the red. Banking stocks were among the worst performers with Royal Bank of Scotland declining the most. Historically, the UK FTSE 100 Stock Market…

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Buz Investors SpaceX Back into Orbit SpaceX news over the past few months has usually been on the disappointing side. However, that is going to change now with what the company did on early Saturday morning. Market News 

SpaceX News: This Launch Puts Elon Musk’s SpaceX Back into Orbit

SpaceX News: This Launch Puts Elon Musk’s SpaceX Back into Orbit Buz Investors SpaceX Back into Orbit SpaceX news over the past few months has usually been on the disappointing side. However, that is going to change now with what the company did on early Saturday morning. On Saturday, Elon Musk’s SpaceX successfully accomplished the “Iridium-1” mission by launching its 10 communication satellites. SpaceX’s “Falcon 9” rocket delivered 10 satellites to low-Earth orbit for Iridium Communications Inc (NASDAQ:IRDM),  global leader in mobile voice and data satellite communications. These 10 satellites are…

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BUz Investors FB Stock Chart My bearish views on Facebook Inc (NASDAQ:FB) stock are proving to be ill-founded, because the price is failing to agree with my views. To add salt to my wound, Facebook stock is increasing as bearish signals have continued to mount. Market News 

Facebook Inc: This $FB Stock Chart Is a Must-See

Facebook Inc: This FB Stock Chart Is a Must-See BUz Investors FB Stock Chart My bearish views on Facebook Inc (NASDAQ:FB) stock are proving to be ill-founded, because the price is failing to agree with my views. To add salt to my wound, Facebook stock is increasing as bearish signals have continued to mount. So, as a result, I have little choice but to stand back from my bearish view and assume a neutral bias on FB stock. The reason why I cannot assume a bullish bias is that a bearish view might…

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