Miercoles 31/08/16 Reporte del empleo privado de ADP

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Precios inmobiliarios británicos aceleran su subida en agosto: Nationwide

LONDRES (Reuters) - Los precios inmobiliarios británicos crecieron más rápido que lo previsto en agosto, luego de que la escasez en el mercado contrarrestó el impacto del referendo sobre el "Brexit" y un aumento reciente de los impuestos, dijo el miércoles la empresa de hipotecas Nationwide.

Los precios subieron un 5,6 por ciento en agosto frente al mismo mes del año anterior y más rápido que el 5,2 por ciento de julio, añadió Nationwide. Los economistas consultados por Reuters habían pronosticado que los precios crecerían un 4,8 por ciento.

En términos mensuales, los precios subieron un 0,6 por ciento, frente a un 0,5 por ciento en julio.

"El aumento en el incremento de los precios contrasta con las señales de que la actividad inmobiliaria se ha ralentizado en los últimos meses", dijo el economista de Nationwide Robert Gardner. "Sin embargo, el descenso en la demanda parece haberse encontrado con debilidad en la oferta", agregó.

(Escrito por William Schomberg; Editado por Louise Ireland. Traducido por la Redacción de Madrid; editado por Carlos Aliaga vía Mesa Santiago)

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Cobre sube por toma de ganancias y dólar más bajo

Por Zandi Shabalala

LONDRES (Reuters) - El cobre subía el miércoles por las tomas de ganancias y por un dólar más débil, pero el metal se encaminaba a cerrar agosto con pérdidas porque los crecientes inventarios en Asia apuntan a una demanda moderada de China.

* A las 1104 GMT, el cobre en la Bolsa de Metales de Londres (LME) ganaba un 0,39 por ciento a 4.625 dólares la tonelada. Los precios del metal han caído un 6 por ciento este mes.

* Los precios del metal rojo se han visto presionados además por el volumen creciente en los almacenes aprobados por la LME: un alza de sobre 80.000 toneladas desde mediados de agosto a 293.525 toneladas.

* "El alto nivel de existencias refleja el desarrollo del mercado subyacente, está apuntando hacia una demanda más floja en particular en China", observó Peter Fertig, analista de Quantitative Commodity.

* Los precios de las materias primas están presionados por las expectativas crecientes de que suban las tasas de interés de Estados Unidos en septiembre, lo que ha elevado al dólar.

* El mercado espera para el viernes la publicación de las nóminas no agrícolas de Estados Unidos, que se espera indiquen el momento de una próxima subida de los costos del crédito.

* El estaño cedía un 0,08 por ciento a 18.785 dólares la tonelada, mientras que el zinc perdía un 0,22 por ciento a 2.306 dólares por tonelada y el plomo ganaba un 0,11 por ciento a 1.876 dólares por tonelada. El aluminio caía 0,5 por ciento a 1.622 dólares, mientras el níquel perdía un 0,2 por ciento a 9.810 dólares.

* Para ver precios actualizados de los metales haga clic en:

COBRE CMCU3

PLOMO CMPB3

ESTAÑO CMSN3

NÍQUEL CMNI3

ALUMINIO CMAL3

ZINC CMZN3

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Bolsas europeas abren estables, Commerzbank sube por reporte de fusión

LONDRES (Reuters) - Las bolsas europeas operaban estables el miércoles tras tocar un máximo de dos semanas en la sesión anterior, en momentos en que las acciones de firmas como Commerzbank y Bouygues contrarrestaban la debilidad en el sector minero.

El índice paneuropeo STOXX 600 cotizaba con escasa variación a las 0726 GMT tras subir el martes a su nivel más alto desde mediados de agosto. El referencial se encamina a su segundo mes consecutivo de ganancias.

Los papeles de Commerzbank subían alrededor del 4 por ciento, el principal avance en el STOXX 600, después de que la publicación alemana Manager Magazin dijo que Deutsche Bank había considerado en el pasado la idea de una fusión con Commerzbank. Los valores de Deutsche Bank ganaban un 1 por ciento.

El conglomerado de empresas francés Bouygues sumaba un 3 por ciento después de nombrar a dos nuevos viceconsejeros delegados y reiterar su meta de mejorar su rentabilidad este año tras unos resultados semestrales impulsados por un mejor comportamiento de su división de telecomunicaciones.

Las mineras operaban en sentido contrario, con el índice sectorial bajando un 1,3 por ciento, siguiendo la debilidad de los precios de los metales. Los títulos de Anglo American, BHP Billiton y Rio Tinto caían entre un 1,5 y un 2,3 por ciento.

(Información de Atul Prakash. Traducido por la Redacción de Madrid; editado por Carlos Aliaga vía Mesa Santiago)

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ADP nos dice que el sector privado agregó 177,000 empleos en Agosto, se esperaba 175,000.

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Sector privado de EEUU crea 177.000 empleos en agosto: informe ADP

NUEVA YORK (Reuters) - Los empleadores privados de Estados Unidos crearon 177.000 puestos de trabajo en agosto, superando las expectativas de los economistas, mostró el miércoles el informe de un procesador de nóminas.

Economistas consultados en un sondeo de Reuters proyectaban que el reporte nacional de empleo de ADP mostraría la creación de 175.000 puestos de trabajo, con estimaciones que oscilaron entre 135.000 y 225.000 nuevos empleos. La cifra de julio fue revisada al alza para mostrar la apertura de 194.000 puestos desde los 179.000 reportados inicialmente.

El informe es desarrollado en conjunto con Moody's Analytics. Las cifras de ADP son publicadas antes del reporte más amplio de nóminas no agrícolas del Departamento de Trabajo de Estados Unidos, que será divulgado el viernes y que incluye el empleo en el sector público y privado.

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Los futures del Dow Jones 24 puntos a la baja.

Francia al alza,

Oil down 45.92

Au down 1,312

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LAST CHANGE % CHG
Get index data by Email
UK: FTSE 100 6817.21 -3.58 -0.05%
Germany: DAX 10634.99 -22.65 -0.21%
France: CAC 40 4480.30 22.81 0.51%
Stoxx Europe 600 345.55 0.80 0.23%
Hang Seng 22976.88 -39.23 -0.17%
Japan: Nikkei 225 16887.40 162.04 0.97%
DJIA 18454.30 -48.69 -0.26%
Europe Dow 1557.75 0.37 0.02%
Global Dow 2451.35 -0.13 -0.01%

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LAST CHANGE % CHG
Get index data by Email
Japan: Nikkei 225 16887.40 162.04 0.97%
Hang Seng 22976.88 -39.23 -0.17%
Shanghai Composite 3085.49 10.81 0.35%
S&P BSE Sensex 28452.17 109.16 0.39%
Australia: S&P/ASX 5433.00 -45.30 -0.83%
UK: FTSE 100 6817.17 -3.62 -0.05%
DJIA 18454.30 -48.69 -0.26%
Asia Dow 2932.97 -5.86 -0.20%
Global Dow 2451.36 -0.12 0.00%

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Currencies8:46 AM EDT 8/31/2016
LAST(MID) CHANGE
Euro (EUR/USD) 1.1127 -0.0016
Yen (USD/JPY) 103.39 0.43
Pound (GBP/USD) 1.3094 0.0013
Australia $ (AUD/USD) 0.7505 -0.0004
Swiss Franc (USD/CHF) 0.9852 0.0013
WSJ Dollar Index 87.18 0.13
Futures8:36 AM EDT 8/31/2016
LAST CHANGE % CHG
Crude Oil 45.86 -0.49 -1.06%
Brent Crude 47.70 -0.67 -1.39%
Gold 1313.6 -2.9 -0.22%
Silver 18.695 0.022 0.12%
E-mini DJIA 18426 -18 -0.10%
E-mini S&P 500 2173.50 -1.75 -0.08%

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PRICE CHG YIELD
U.S. 10 Year -3/32 1.577
German 10 Year -2/32 -0.084
Japan 10 Year -4/32 -0.064

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utures LAST CHANGE % CHG
See all Futures
Crude Oil 45.86 -0.49 -1.06%
Brent Crude 47.70 -0.67 -1.39%
Natural Gas 2.843 0.016 0.57%
Gasoline 1.3504 -0.0241 -1.75%
Gold 1313.2 -3.3 -0.25%
Silver 18.695 0.022 0.12%
Corn 315.25 -0.50 -0.16%
Wheat 393.0 0.8 0.19%
E-mini DJIA 18425 -19 -0.10%
E-mini S&P 500 2173.25 -2.00 -0.09%
Indexes LAST CHANGE % CHG
TR/CC CRD Index 181.939 -0.883 -0.48%
S&P GSCI 352.79 -2.93 -0.82%

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Copper August 31,08:38
Bid/Ask 2.0889 - 2.0896
Change +0.0031 +0.15%
Low/High 2.0858 - 2.1022
Charts

Nickel August 31,08:32
Bid/Ask 4.4089 - 4.4112
Change -0.0106 -0.24%
Low/High 4.3832 - 4.4422
Charts

Aluminum August 31,08:38
Bid/Ask 0.7256 - 0.7258
Change -0.0066 -0.90%
Low/High 0.7249 - 0.7349
Charts

Zinc August 31,08:38
Bid/Ask 1.0538 - 1.0542
Change +0.0023 +0.22%
Low/High 1.0447 - 1.0578
Charts

Lead August 31,08:38
Bid/Ask 0.8498 - 0.8505
Change +0.0010 +0.12%
Low/High 0.8467 - 0.8535

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Treasuries Extend Drop in August on Fed Outlook as Dollar Gains
James Regan Kelly Gilblom
KellyGilblom
August 30, 2016 — 7:11 PM EDT Updated on August 31, 2016 — 7:32 AM EDT
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Treasuries extended their steepest monthly loss since June 2015 and the dollar strengthened against the yen as hawkish rhetoric from Federal Reserve officials over the past two weeks steered financial markets.
Ten-year Treasury yields headed for the biggest monthly jump in more than a year as traders almost doubled bets of a September Fed rate increase to 34 percent. The dollar advanced for a sixth day against the yen in the longest winning streak since March. Banks led a second day of gains in European stocks as Commerzbank AG rallied amid merger speculation. Oil trimmed its advance in the best month since April.

The Bloomberg Dollar Spot Index is poised for its first monthly gain since May as prospects for higher U.S. borrowing costs diverge with policy in Europe and Japan, where central banks stand ready to boost stimulus. A private report on jobs Wednesday, ahead of Friday’s monthly payrolls, may provide insight on whether America’s economy is strong enough to withstand a rate increase as early as next month, following comments by Fed Vice Chairman Stanley Fischer on Tuesday that any move in September will be data dependent.
The dollar has been “supported by the recent, more hawkish comments from the Fed which have signaled that the Fed is moving closer to resuming rate hikes,” said Lee Hardman, a foreign-exchange strategist at Bank of Tokyo-Mitsubishi UFJ Ltd. in London. “The key will be the incoming economic data.”
Bonds
The yield on 10-year Treasuries rose one basis points to 1.58 percent at 7:32 a.m. in New York, up 13 basis points in August. The rate on two-year notes, the most sensitive to the monetary policy outlook, climbed 15 basis points this month to 0.81 percent, with the spread versus 30-year rates at the narrowest since January 2008 on Tuesday.
The Bloomberg Barclays US Treasury Index has declined 0.6 percent in August, set for the biggest monthly loss since June last year.
“A December hike remains very likely, although a bumper payrolls on Friday would make September more live,” said Peter Jolly, the global head of markets research at National Australia Bank Ltd. in Sydney. “The yield curve almost always flattens when the Fed raises rates. Curve flattening has not finished.”
The World Bank is in the process of selling a bond denominated in the International Monetary Fund’s Special Drawing Rights, the world’s first such offering in three decades. The issuance is taking place in Shanghai before China’s currency is included in SDRs from Oct. 1.
Currencies
The dollar gained 0.3 percent to 103.25 yen, extending this month’s advance to 1.1 percent. The Bloomberg Dollar Spot Index was little changed, leaving it 0.5 percent higher in August after closing at the highest since July 28 on Tuesday. Prices for Fed funds futures imply a 59 percent chance of an interest-rate increase this year, up from 36 percent at the start of the month.
New Zealand’s dollar strengthened 0.3 percent on Wednesday, extending this month’s gain, as a report showed business confidence in the nation was at a 20-month high.
A gauge of emerging-market currencies was little changed in August. South Africa’s rand slid 4.3 percent after a police summons for Finance Minister Pravin Gordhan heightened political risk in the country, while Russia’s ruble gained 1.2 percent amid a rebound in oil.
Stocks
The Stoxx 600 rose 0.4 percent, on course for a 1.2 percent increase for August. Commerzbank rose 4 percent after Manager Magazin reported that rival Deutsche Bank AG considered the possibility of a merger. Deutsche Bank Chief Executive Officer John Cryan said Germany’s largest lender is looking to shrink in size.
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European banks are heading for their best monthly performance since February 2015, supported by earnings that beat analysts’ estimates for the first time in a year. With economic data for the region exceeding forecasts for most of the last two months and the Federal Reserve likely to hike interest rates this year, investors expect profits at financial firms to improve, according to Simon Wiersma, an Amsterdam-based investment manager at ING Bank NV, which oversees about 26 billion euros ($29 billion).
Bouygues SA added 2.6 percent after the French building, media and telecommunications company said average revenue per mobile user stabilized and it reiterated a 2016 target to improve profitability.
S&P 500 futures were little changed after equities retreated on Tuesday. The ADP Research Institute will probably report private payrolls rose by 175,000 in August.
The Lyxor ETF Brazil, an exchange-traded fund in Paris, rose 1 percent as the impeachment trial of suspended President Dilma Rousseff neared its end.
Commodities
Crude oil traded at $46.05 a barrel in New York before government data due Wednesday that’s forecast to show U.S. stockpiles increased by 1.3 million barrels last week. The price surged 11 percent for this month amid speculation informal talks among OPEC members in Algeria next month will result in an output freeze.
Gold was headed for a monthly loss of almost 3 percent as the prospect of a Fed rate hike dulls the allure of assets that don’t bear interest. This is the metal’s first drop in August since 2009. Prices normally rise in this month onIndian buying. Holdings in gold exchange-trade funds rose about 25 metric tons this month, the smallest gain in 2016.
Copper slid 6 percent in London since July on concern a glut is worsening. It rose 0.5 percent on Wednesday after Chilean miner Codelco halted one mine and faced the possibility of a strike at another, threatening disruptions from the world’s top supplier of the mined metal.
Corn was headed for a third monthly drop with prices touching $3.155 a bushel on Tuesday in Chicago, the lowest since 2009. The U.S. crop was rated 75 percent good-to-excellent as of Aug. 28, the highest since 1994, official figures show.

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August 31, 2016 — 6:49 AM EDT
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Stock Rout Pressure Impacts European Bank Bonuses

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Euro-area inflation, unemployment
Inflation in the euro-area was stable at 0.2 percent in August from a year earlier, below analyst estimates for an increase to 0.3 percent. The European Central Bank, which is due to make its next monetary policy decision on Sept. 8, says its current financial stimulus is justified but other actors must play their part. Unemployment in the common-currency area remained unchanged at 10.1 percent, with falls reported in Germany for August and an unexpected drop in Italy in July. In the the U.K., the Nationwide Building Society said house prices rose at their fastest pace in five months in August as short supply outweighed weaker demand.
Bonuses hit
The rout in financial stocks this year has wiped more than $2.5 billion from the value of deferred share bonuses for investment bankers at Europe's biggest financial firms, data compiled by Bloomberg show. Deutsche Bank AG Chief Executive Officer John Cryan, responding to market rumours that the bank had considered a merger with rival Commerzbank AG, said that he is looking to shrink and simplify the bank. Shares in Deutsche Bank have lost about 42 percent in market value this year.
Spanish vote, judgment day in Brazil

Spain, without a government since last December, sees a vote in parliament today in which caretaker Prime Minister Mariano Rajoy will try to win support to form a government. He currently has 170 of the 350-seat legislature backing him, but needs a majority to form a stable government. If he fails today, a plurality of votes on Friday will allow him to continue. But without an overall majority, Spain may face a third election in a year. Meanwhile, in Brazil, the final impeachment vote of former president Dilma Rousseff is scheduled for midday local time, with senators expected to vote in favor of her removal.
Markets mixed
Overnight, the MSCI Asia Pacific Index climbed 0.1 percent, to bring its gain for August to 1.2 percent. Japan's Topix index added 1.3 percent to wipe out losses for the month. In Europe, the Stoxx 600 Index was 0.2 percent higher at 6:11 a.m. ET, with banks leading the gains. S&P 500 futures were flat.
Treasuries extend drop
U.S. Treasuries, already heading for their worst month since June 2015 are extending their drop this morning. The yield on the benchmark 10-year rose to 1.58 percent by 6:15 a.m. ET. With market implied odds of an interest rate hike at the September meeting at 34 percent, all eyes will be on Friday's payrolls data to get a better view of likely action by the Federal Reserve.

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