Miercoles 16/11/11, CPI, produccion industrial, ind.casas

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-41.43

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Se dice que el Fed intervendria en la crisis europea y ayudaria al ECB. Ojala por esos pavos no saben lo que hacen.

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Boston Fed President Eric Rosengren dijo que la deuda Europea merecia la intervencion y accion coordinada del Fed y el ECB.

Stocks, Euro Pare Loss on Speculation Fed to Coordinate Action; Oil Climbs
U.S. stocks trimmed losses amid speculation the Federal Reserve may help the European Central Bank fight the region’s debt crisis. Energy shares gained following a surge in oil to a five-month high, while the euro reversed most of its declines versus the dollar and yen.

The Standard & Poor’s 500 Index slipped 0.3 percent to 1,253.52 at 2:51 p.m. in New York after losing as much as 1.1 percent in morning trading. The euro slipped 0.2 percent to $1.3512 after slumping 0.8 percent. Crude oil climbed as much as 3.5 percent to $102.89 a barrel.

Stocks recovered as Boston Fed President Eric Rosengren said Europe’s debt crisis may warrant coordinated action by the Fed and the ECB. Earlier declines came as Bank of England policy makers said that failure to resolve the debt turmoil could damage the global economy and the euro slid as UniCredit SpA, Italy’s largest bank, prepared to ask central-bank officials to broaden the types of assets accepted as collateral.

“In Europe you have a political problem that requires a political solution and that leaves the ECB and the global counterparts as the remaining credible actors,” Stephen Wood, who helps oversee about $163 billion as the New York-based chief market strategist for Russell Investments, said in a telephone interview. “It’s not a clear picture. You’ve got these storm clouds still in Europe even as on this side of the Atlantic the clouds are beginning to part.”

Exxon Mobil Corp. rose 0.4 percent and Halliburton Co. climbed 2.7 percent to pace gains in 31 of 42 energy companies in the S&P 500.

Pipeline Reversal
Oil rallied after Enbridge Inc. (ENB) agreed to acquire ConocoPhillips’s share of the pipeline that runs between Cushing, Oklahoma, and the Gulf Coast and announced the reversal. The change may alleviate a bottleneck at the Cushing storage hub that had lowered the price of West Texas Intermediate, the grade traded in New York, versus other oils.

Oil helped lead the S&P GSCI Index up 0.7 percent even amid declines in 15 of the 24 commodities tracked by the gauge. Wheat and natural gas lost more than 2 percent to lead declines.

Among European stocks, Electricite de France SA slid 4.4 percent as the nation’s opposition Socialist and Green parties united to campaign for the closure of 24 nuclear reactors by 2025. Vivendi SA (VIV), the owner of the world’s largest video-game and music companies, advanced 5.6 percent after reporting profit that exceeded analysts’ estimates.

Costs to insure Italian and Spanish bonds fell from records and Italy’s 10-year yield retreated as the ECB bought the nations’ debt. Credit-default swaps on Italy dropped 18 basis points to 576, while contracts on Spain were down 11 basis points at 470.

Italian Yields
The yield on the 10-year Italian security declined six basis points to 7.00 percent, while the equivalent-maturity Spanish yield added eight basis points to 6.41 percent. French 10-year yields rose three basis point to 3.71 percent and the nation’s borrowing costs relative to benchmark German bunds retreated from a euro-era record.

The ECB bought larger-than-usual sizes and quantities of Italian debt, said two people with knowledge of the trades, who declined to be identified because the deals are private.

Mario Monti was sworn in as Italian prime minister and finance minister, taking over an unelected government charged with imposing austerity to prevent the euro area’s third-biggest economy from succumbing to the debt crisis. Greek Prime Minister Lucas Papademos won a confidence vote in parliament, receiving a mandate to push through budget measures necessary to secure rescue financing.

Borrowing Costs
The three-month cross-currency basis swap, the rate banks pay to convert euro payments into dollars, increased to 122.5 basis points less than the euro interbank offered rate, the most expensive cost since December 2008. The measure was 119.5 basis points under Euribor yesterday.

Benchmark German bunds fell, sending 10-year yields up three basis points to 1.82 percent. German Chancellor Angela Merkel said the nation is prepared to cede some national sovereignty to the European Union to achieve closer economic and political ties.

The pound slid for a third day against the dollar after a report showed U.K. unemployment rose in the three months through September as joblessness among young people climbed above 1 million for the first time since at least 1992. The jobless rate climbed to a 15-year high of 8.3 percent.

The MSCI Emerging Markets Index fell 0.9 percent. The Hang Seng China Enterprises Index in Hong Kong tumbled 2.9 percent, while Taiwan’s Taiex Index fell 1.4 percent. South Korea’s Kospi Index dropped 1.6 percent.

To contact the reporters on this story: Rita Nazareth in New York at rnazareth@bloomberg.net; Michael P. Regan in New York at mregan12@bloomberg.net

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Rosengren dijo tambien que el Fed tiene el poder de promover la economia a traves de los intereses bajos. La historia sugiere que el Fed tiene todavia mas poderes para promover la economia.

Euro down 1.3508

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Poco volumen

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-54.03

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Malograndonse todo al cierre

-84.08

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Au down 1,769

-100.58

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El Nasdaq -1.09%

-122.75

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Fitch: el outlook de la banca Americana es estable. Pero, gran pero, podrian empeorar si la crisis en Europa no mejora. Eso hizo que se fregara todo.

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Europa no ata ni desata.

-143.15

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VIX up 32.86

-169.91

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El sector financiero lidera la caida gracias a los comentarios de Fitch.

Bien colones, quien no sabe que todo va a empeorar en todo el mundo si Europa no se arregla, por supuesto la banca primero. Impertinentes.

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-165.48

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Au down 1,764

Oil up 101.79

VIX volando a 33.21

El Dow Jones perdio 190.19 puntos gracias a los comentarios de Fitch.

A ver si vemos mas claridad acerca de si el Fed interviene en Europa.

No hay que hacer mucho caso a estos resultados con tan poco volumen.