Jueves 19/12/2019 indicadores económicos lideres

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Jueves

Eventos económicos

Seguros de desempleo
Economía en Philadelphia
Déficit de la cuenta corriente
Venta de casas existentes
Indicadores económicos líderes

Weekly jobless claims 12/14 235,000 252,000
8:30 am Philly Fed Dec. 8.0 10.4
8:30 am Current account deficit Q3 -- -2.4%/GDP
10 am Existing home sales Nov. 5.44mln 5.46mln
10 am Leading economic indicators

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CHG %CHG
Crude Oil Futures 60.87 -0.06 -0.10
Brent Crude Futures 66.09 -0.08 -0.12
Gold Futures 1479.50 0.80 0.05
Silver Futures 17.010 -0.039 -0.23
DJIA Futures 28275 -6 -0.02
S&P 500 Futures 3197.50

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Spot Prices

SPOT PRICE IS OPEN
Price: US$/lb

Copper December 19,03:39
Bid/Ask 2.7814 - 2.7817
Change -0.0002 -0.01%
Low/High 2.7673 - 2.7885
Charts

Nickel December 19,03:38
Bid/Ask 6.3858 - 6.3881
Change +0.0982 +1.56%
Low/High 6.2774 - 6.3949
Charts

Aluminum December 19,03:28
Bid/Ask 0.8002 - 0.8004
Change +0.0023 +0.29%
Low/High 0.7968 - 0.8004
Charts

Zinc December 19,03:38
Bid/Ask 1.0547 - 1.0549
Change +0.0120 +1.15%
Low/High 1.0381 - 1.0554
Charts

Lead December 19,03:38
Bid/Ask 0.8641 - 0.8645
Change +0.0036 +0.42%
Low/High 0.8432 - 0.8675
Charts

Uranium Dec 16, 2019
Ux U308 price: 25.55
Change from

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https://lta.reuters.com/articulo/tecnol ... M1DJ-OUSLT

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https://www.wsj.com/articles/swedish-ce ... 36?mod=mhp

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LAST CHG %CHG
Crude Oil Futures 61.00 0.07 0.11
Brent Crude Futures 66.21 0.04 0.06
Gold Futures 1478.20 -0.50 -0.03
Silver Futures 16.990 -0.059 -0.35
DJIA Futures 28309 28 0.10
S&P 500 Futures 3200.25 0.95 0

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LAST CHG %CHG
Euro (EUR/USD) 1.1131 0.0017 0.15
Japanese Yen (USD/JPY) 109.45 -0.10 -0.09
U.K. Pound (GBP/USD) 1.3108 0.0029 0.22
Swiss Franc (USD/CHF) 0.9802 -0.0001 -0.01
Chinese Yuan (USD/CNY) 7.0098 0.0049 0.07
U.S. Dollar Index 97.28

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YIELD(%) YIELD CHG
U.S. 10 Year 1.945 0.024
Germany 10 Year -0.214 0.036
U.K. 10 Year 0.817 0.040
Japan 10 Year -0.005 0.009
Australia 10 Year 1.278 0.064
China 10 Year 3.243

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Copper December 19,06:59
Bid/Ask 2.7905 - 2.7910
Change +0.0088 +0.32%
Low/High 2.7673 - 2.7934
Charts

Nickel December 19,06:52
Bid/Ask 6.3858 - 6.3881
Change +0.0982 +1.56%
Low/High 6.2774 - 6.3949
Charts

Aluminum December 19,06:53
Bid/Ask 0.8007 - 0.8009
Change +0.0027 +0.34%
Low/High 0.7968 - 0.8010
Charts

Zinc December 19,06:58
Bid/Ask 1.0518 - 1.0529
Change +0.0091 +0.88%
Low/High 1.0381 - 1.0572
Charts

Lead December 19,06:55
Bid/Ask 0.8575 - 0.8577
Change -0.0029 -0.34%
Low/High 0.8432 - 0.8675
Charts

Uranium Dec 16, 2019
Ux U308 price: 25.55
Change from
previous w

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https://lta.reuters.com/articulo/europa ... AKBN1YN0XN

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https://lta.reuters.com/articulo/mercad ... AKBN1YN1BB

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AAPL ha subido 77% en lo que va del año.

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China announces new tariff exemptions for US chemical and oil products
PUBLISHED 2 HOURS AGO UPDATED 1 HOUR AGO
REUTERS
China unveiled a new list of import tariff exemptions for six chemical and oil products from the U.S.
The exemptions will be for one year from Dec. 26, the Finance Ministry said, without providing a value for the imports excluded from duties.
Duties already imposed on U.S. products would not be refunded, the ministry added.
China on Thursday unveiled a new list of import tariff exemptions for six chemical and oil products from the United States, days after the world's two largest economies announced a phase one trade deal.
The exemptions will be for one year from Dec. 26, the Finance Ministry said, without providing a value for the imports excluded from duties.
Duties already imposed on U.S. products would not be refunded, the ministry added.

The tariff waivers will apply to four chemical products, such as metallocene high-density polyethylene (HDPE) and a special grade of linear low-density polyethylene (LLDPE), and refined oil products that include white oil and food-grade petroleum wax.
Kelly Cui, principal analyst with consultancy Wood Mackenzie, said the exemptions on the chemical products would benefit companies such as Dow Chemical, Exxon Mobil, and Chevron Phillips Chemical, which have since 2017 been adding shale-based ethylene production facilities and targeting China as the prime export market.
Shipping containers from China and other Asian countries are unloaded at the Port of Los Angeles as the trade war continues between China and the US, in Long Beach, California on September 14, 2019. -
Mark Ralston | AFP | Getty Images
Shipping containers from China and other Asian countries are unloaded at the Port of Los Angeles as the trade war continues between China and the US, in Long Beach, California on September 14, 2019. -
Cui also pointed out that the listed products, metallocene HDPE and LLDPE, were high-end special grade plastic raw materials used for packaging and pipes. China is the world's largest importer of polyethylene.
"The exemptions could see China resume buying more HDPE and LLDPE from the U.S., reversing the trade flow, as the U.S. supplies have been diverted to Latin America and Europe while China has been importing mostly from the Middle East," said Cui.
In 2018, China imported some 6.86 million tonnes of HDPE and 4.46 million tonnes of LLDPE, according to Cui, who cited Chinese customs data. The data does not provide a breakdown for different grades of each polymer.
These imports had a combined total value of about $14 billion, according to Reuters calculations based on the delivered cost for these two products.
For petroleum wax, China imported from the U.S. 1,108 tonnes or worth only $3.2 million in the first 10 months of 2019, one-tenth of China's total imports of the product, according to Chinese customs data and consultancy JLC Network Technology.
White oil imports from the U.S. were 3,490 metric tons or worth only $8.7 million during the same period, roughly 6% of China's total imports.
China waived import tariffs for some soybeans and pork shipments from the United States on Dec. 6, before the two sides reached a Phase 1 trade deal to cancel tariffs that were planned to take effect on Dec. 15.
China said it will continue to work on the product exemptions and release the second batch of waivers at an appropriate time.
The Sino-U.S. trade war has been a major headache for global policymakers as it slowed economic growth worldwide and chilled business investment and confidence.
U.S. Trade Representative Robert Lighthizer last week acknowledged there remained hard work ahead in the next phase of negotiations.
He gave no specific timetable, but said U.S. President Donald Trump did not want to wait until after the 2020 presidential election to wrap up a more comprehensive agreement.

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China state-owned firms could see more defaults and fewer bailouts from Beijing, analysts say
PUBLISHED 12 HOURS AGO

Weizhen Tan
@weizent
CNBC.COM
China will increasingly not offer bailouts to its state-owned enterprises, but rather, let its distressed companies rely on markets-based solutions, analysts say.
Chinese commodities trader Tewoo Group, which is owned by the Tianjin government, failed to repay its dollar debt last week — marking the largest default in about 20 years.
Chinese corporate debt has been under the spotlight recently, as analysts warned of record levels of defaults.
The global outlook now is 'exquisitely mediocre', says economist
The global outlook now is 'exquisitely mediocre', says economist
Brace for more defaults by China state-owned businesses, analysts warn.
A huge bond default by a large state-owned business spooked investors last week, prompting experts to question if it's a sign that Chinese government bailouts may be dwindling.
"We believe bailouts will be increasingly selective, leading to more defaults by SOEs," said ratings agency S&P Global Ratings in a note, referring to state-owned enterprises in China.

The remarks came after Chinese commodities trader Tewoo Group — owned by the Tianjin government — failed to repay its U.S. dollar-denominated debt last week, in what has become the largest default among SOEs in the country in about 20 years. It was the first state-backed company to default since 1998.
Some have even predicted that China may increasingly withhold bailouts to its state-owned enterprises, and instead, allow distressed companies to rely on markets-based solutions.
China's 'de-risking' campaign

Assessing the recent defaults in China, Nathan Sheets, chief economist at PGIM Fixed Income told CNBC on Wednesday: "I interpret this from the perspective of President Xi (Jinping)'s ongoing de-risking campaign, trying to increase the financial discipline in the system."
He said it was significant that Chinese leaders now "feel comfortable enough about the outlook that they're willing to let some firms fail."
"It's discipline, that's the way it's supposed to work," said Sheets, who was Under Secretary of the Treasury for International Affairs under the Obama administration from 2014 to 2017.
Chinese corporate debt has been under the spotlight recently, as analysts warned of record levels of defaults.
Moody's Analytics told CNBC on Tuesday that Chinese corporate debt is the "biggest threat" to the global economy. In addition, Fitch Ratings said last week that a record high of 4.9% of China's private issuers defaulted on onshore bond payments — or yuan-denominated bonds — in the first 11 months of 2019. That's a jump from 0.6% in 2014, Fitch said.
Investors "will start realizing that state intervention isn't always happening," Tuuli McCully, head of Asia-Pacific economics at Scotiabank, told CNBC on Wednesday.
While the increasing level of defaults is concerning, there is also "a certain need for this," McCully said. "I think the pricing of risk in the Chinese economy has not been adequate ... Investors will start realizing state intervention is not always happening."
So far, defaults by state-owned entities (SOEs) have been relatively rare in China's bond market. Just six government-owned companies have defaulted this year, compared to 42 private companies, according to a Reuters calculation of official data.
Markets-driven restructuring

In its debt restructuring effort, Tewoo offered its investors a repayment that made them take huge discounts that were as deep as 63%.
Among its investors, 57% accepted that offer, while 22.6% opted for the second route: to exchange their debt for new bonds issued by a state asset manager — also a Tianjin-based state enterprise — which offered much lower coupons.
“It has crushed the long-held myth by many market participants that SOEs no matter how weak will be bailed out by their government masters.
-S&P Global Ratings
In a report following that announcement, S&P Global Ratings said it considered Tewoo's dollar-debt restructuring to be a default, and called it a "landmark case."
"(It) demonstrates a growing tolerance for defaults by distressed SOEs," S&P Global analysts wrote, adding that this will apply to both onshore and offshore markets.
S&P pointed out that local governments "simply don't have the means" to support all SOEs amid a weakening economy as well as falling tax revenues.
The Tewoo case, it said, reflects the Tianjin government's willingness to adopt "market-driven" debt restructuring rather than "unconditional bailouts."
"Tewoo's debt restructuring may set the framework for other distressed SOEs with large offshore debt. More importantly, it has crushed the long-held myth by many market participants that SOEs no matter how weak will be bailed out by their government masters," said S&P Global in its report.

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Los mercados abren al alza. Territorio
récord, rally!!

+63.64