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Lunes

Eventos economicos

Indice de la actividad economica en Chicago
Indice de ventas de casas pendientes
Actividad economica en Dallas

Entre los indicadores mas importantes de la semana tenemos el indice de las casas S&P Case-Shiller, la confianza del consumidor, la manufactura en Richmond y la confianza del inversionista el Martes; las ordenes de bienes duraderos el Miercoles; el PBI (GDP), las ordenes de bienes duraderos, los seguros de desempleo, las ganancias corporativas, la manufactura en Kansas y los precios de los agricultores el Jueves; el ingreso personal, el Chicago PMI y el sentimiento del consumidor el Viernes.

Chicago Fed National Activity Index
8:30 AM ET


Pending Home Sales Index
10:00 AM ET


Dallas Fed Mfg Survey
10:30 AM ET


4-Week Bill Announcement
11:00 AM ET


3-Month Bill Auction
11:30 AM ET


6-Month Bill Auction
11:30 AM ET


ICSC-Goldman Store Sales
7:45 AM ET


Redbook
8:55 AM ET


S&P Case-Shiller HPI
9:00 AM ET


Consumer Confidence
10:00 AM ET


Richmond Fed Manufacturing Index
10:00 AM ET


State Street Investor Confidence Index
10:00 AM ET


4-Week Bill Auction
11:30 AM ET


2-Yr Note Auction
1:00 PM ET


MBA Purchase Applications
7:00 AM ET


Durable Goods Orders
8:30 AM ET


EIA Petroleum Status Report
10:30 AM ET


5-Yr Note Auction
1:00 PM ET

Weekly Bill Settlement


GDP
8:30 AM ET


Jobless Claims
8:30 AM ET


Corporate Profits
8:30 AM ET


EIA Natural Gas Report
10:30 AM ET


Kansas City Fed Manufacturing Index
11:00 AM ET


3-Month Bill Announcement
11:00 AM ET


6-Month Bill Announcement
11:00 AM ET


52-Week Bill Announcement
11:00 AM ET


7-Yr Note Auction
1:00 PM ET


Farm Prices
3:00 PM ET


Fed Balance Sheet
4:30 PM ET


Money Supply
4:30 PM ET

10 Yr TIPS Settlement


Personal Income and Outlays
8:30 AM ET


Chicago PMI
9:45 AM ET


Consumer Sentiment
9:55 AM ET

La proxima semana: informacion de como se siente el consumidor, cuanto gana y cuanto gasta.

MarketBeat
WSJ.com's inside look at the markets
March 23, 2012, 6:05 PM.

Next Week’s Tape: Data on How Consumers Feel, Earn & Spend


By Kathleen Madigan and Steven Russolillo

Next week’s calendar will cover reports on factory activity, housing and a third look at fourth-quarter economic activity. But new readings on consumer attitudes, incomes and spending may well dominate the reports.

Consumer assessments of the economy will be reported Tuesday, with the Conference Board’s confidence index, and Friday with the Reuters/University of Michigan sentiment index.

Economists surveyed by Dow Jones Newswires expect little change in each reading. The confidence index is projected to fall to 70.0 in March from 70.8 in February, while the final March reading on sentiment is forecast to stand at 74.5 from a preliminary index of 74.3 and a final February level of 75.3.

Data on personal income and consumer spending will be reported Friday. The median forecast is that income increased 0.3% in February, and spending in the month advanced a faster 0.6% as indicated by solid retail sales and car buying figures.

Durable goods orders will be reported Wednesday. The median forecast calls for a February bounceback of 3.2% after orders fell 3.7% in January.

The third reading on fourth-quarter gross domestic product, out Thursday, is expected to be revised to show growth at an annual rate of 3.2% from 3.0% reported earlier. Higher inventory accumulation and consumer spending should lead to the upward revision.

Economics

Monday

Pending home sales index, Dallas Fed manufacturing survey, 4-week bill announcement, 3-month bill auction, 6-month bill auction

Tuesday

ICSC-Goldman Store Sales, Redbook, S&P Case-Shiller home-price index, consumer confidence, Richmond Fed manufacturing index, 4-week bill auction, 2-year note auction

Wednesday

MBA purchase applications, durable goods orders, EIA petroleum status report, 5-year note auction

Thursday

Fourth quarter GDP (third reading), jobless claims, EIA natural gas report, Kansas City Fed manufacturing index, 3-month bill announcement, 6-month bill announcement, 52-week bill announcement, 7-year note auction

Friday

Personal income, Chicago PMI, consumer sentiment

Earnings

Monday

Apollo Group

Cal-Maine

Landec

Tuesday

Charming Shoppes

Christopher & Banks

EXFO

Lennar

McCormick

Neogen

Oxford Indus

PVH

Robbins & Myers

Sealy

Synnex

Walgreen

Wednesday

Commercial Metals

Family Dollar Stores

H.B. Fuller

Huntington Ingalls

Lindsay

Mosaic

Paychex

Progress Software

Red Hat

Resources Connection

Texas Indus

UniFirst

Thursday

Best Buy

Cache

Finish Line

Movado

Pep Boys

Research In Motion

Saba Software

Shaw

SORL Auto Parts

TIBCO Software

Worthington Indus

Xyratex

Friday

Nothing of note

Se espera que las ordenes de bienes duraderos suban, asi como el gasto del consumidor. Buenas noticias de la economia.

Shirakawa del Bco. Cenral de Japon alerto de peligro que corre el mundo por mantener los intereses tan bajos.

Las ganancias del China Construction Bank suben 24% mientras la morosidad baja.

Sinopec reporta ganancias menores a las esperadas.

Canada y Japon comienzan a discutir su TLC.

Finland dice que no se le puede dejar toda la responsabilidad de la crisis al ECB. Los gobiernos tienen que recortar deuda y restaurar la confianza economica.

Iran dijo que rebajaria su produccion de petroleo en 300,000 barriles diarios este mes debido a las sanciones. El petroleo subio $3 con la noticia el Viernes.

A pesar de la reaccion negativa del mundo ante el desastre nueclear en Fukushima, la industria nuclear dice que ya casi todo esta normalizado y los planes de implementacion nuclear por parte de los paises continuan.

El cafe Arabica subira a $2 la libra debido a que la demanda se mantendra firme y la produccion continua comprometida por los cambios del clima. La demanda es mas grande que la oferta.

Santorum gano las primarias de Louisiana.

Y que salga alguien a decirme que el gobierno es la solucion, no hay un solo caso en que el gobierno no es el culpable de las desgracias de su pais. No uno!!!! Los politicos no saben como funciona el sector privado ni la economia, son completamente ignorantes, todas sus acciones por mas buenas intenciones que tengan tienen consecuencias nefastas para los paises y sus ciudadanos, no hay una sola obra del gobierno que tenga un final feliz, no una, desde la eliminacion de la pobreza, el querer conseguir la igualdad de los ingresos, etc, etc. todo es un fracaso.

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La economia de India
India esta perdiendo su magia

La politica esta impidiendo que India logre alcanzar todo su potencial economico.

India dijo que abriria su negocio retail a companias extranjeras, unos dias despues se arrepintio. Prohibio la exportacion de algodon y ha pasado por encima de la corte suprema para cobrar impuestos retroactivos a los negocios extranjeros.

-------------------------

India’s economy
Losing its magic
Politics is preventing India from fulfilling its vast economic potential
Mar 24th 2012 | from the print edition

..

INDIA is a land of large numbers: a place of over a billion people, a million mutinies and a thousand different tongues. But it is not too much of a stretch to say that since independence in 1947 there have only been two kinds of Indian economy.

The first produced slothful growth, mind-bending red tape and suffocating bureaucracy. The second revved up gradually after liberalisation in the 1990s, so that by the mid-2000s India was a land of surging optimism—open and full of entrepreneurs who overcame a retreating but still cranky public sector. The country seemed destined to enjoy a long spurt of turbocharged growth, thanks to its favourable demography, fired-up firms, gradual reforms and willingness to save and invest.

But lately, like a Bollywood villain who just refuses to die, the old India has made a terrifying reappearance (see article). The main reason is the country’s desperate politics.

Back to the rickshaw rate of growth

India’s acceleration in trend growth, from an average of about 6% in the late 1980s to as much as 10% (and, some hoped, beyond), may sound modest. But extrapolated over several decades it promised to transform the country and Asia. Hundreds of millions of Indians would escape poverty faster. Firms the world over licked their chops at the prospect of a vast new middle class. Strategists in the Pentagon began to see India as a superpower-in-waiting and a democratic counterweight to China.

No one doubts that India’s economy will keep getting bigger. But the angle of its economic trajectory has dropped. Growth slowed to 6.1% in the past quarter. Even if, as the government hopes, it bounces back, plenty of people worry that trend growth is now unlikely to be much above 7%.

Three recent episodes illustrate the muddle at the top. First, the government announced that it was at last opening its inefficient retail industry to foreign firms—only to change its mind within days. This month, to protect industry at home, it banned the export of cotton, upsetting India’s farmers and trading partners; within days, it backtracked. And last week the government moved to overrule the Supreme Court and change the tax code to tax foreign takeovers retroactively, not least Vodafone’s purchase of its Indian arm. Some worry that the rule of law, one of India’s great strengths, is being eroded.

No wonder business is in a sulk and investment is falling. Red tape and corruption, always present, seem to have got worse—in recent state elections so many banknotes were doled out that they help explain a liquidity problem in the banking system. Longstanding bottlenecks have not been tackled. Partly as a result, inflation is high and stubborn.

Every one of these problems involves the state, still huge and crazy after all these years. Few ever thought it could be reformed easily. But the hope was that a wily private sector would allow India to sprint to prosperity regardless. That view now looks romantic. It is not just a matter of a lack of the public services, from roads to power, that any economy needs, particularly if manufacturing is to thrive—as it must in India if the millions entering the workforce every year are to find jobs. Lately the state has found other ways to muck things up.

Its borrowing binge in the past few years (India’s overall fiscal deficit is approaching a tenth of GDP) has crowded out the private sector and made it hard for the central bank to cut interest rates. New industries that had largely escaped the bureaucracy, such as mobile telecoms, now feel its clammy grip.

This dispiriting scene is in turn mainly caused by two political problems. The gradual fragmenting of voters’ allegiances has made India’s parliamentary arithmetic excruciatingly tight. The Congress party, which has ruled the country since 2004, depends on fickle and populist coalition partners. Congress itself is in a mess. The elderly ministers who run the country serve at the behest of Sonia Gandhi, the hereditary chief; an attempt to promote her son Rahul as the next dynast has gone badly. The government has not passed a big reform for years and seems preoccupied by holding a ragged coalition together until national elections in 2014.

The second kind of political problem has to do with limited ambition. The recent budget saw tweaks to tax rates, debt quotas and duties, all implausibly heralded as big steps. Struggling to pass reforms such as a new nationwide goods and services tax, and unwilling to tackle state monopolies and vested interests in industries like energy, even reforming politicians now settle for yanking a few rusty levers of the bureaucratic machine. Administrative improvisation is being taken as a substitute for genuine reforms that open up the economy.

India’s politicians point out that growth of 6% or 7% is far faster than most other countries. But that is complacent. Just as China is said to need 8% growth in order to maintain social stability, India probably needs to grow at 6% or more to maintain financial stability. Lower growth than that would make the public debt harder to bear and scare off the foreign capital that India needs to fund its current-account deficit and pay for its imported energy. And whereas for a rich country, failing to fulfil its potential is a disappointment, for India, so full of poor people and so badly in need of jobs, it is a tragedy.

Out with the old

Eventually, fragmenting politics may become a source of hope. Some states are still forging ahead. And although local elections this year featured the usual graft and hereditary candidates, some voters discarded the old politics of grievance, caste and religion, chucked out useless politicians and voted in more promising ones. Yet at the national level it may take years for a new generation of politicians to break through today’s crowd of gerontocrats. The main opposition party, the BJP, is scarcely in better shape than Congress.

For now, then, it is up to the existing lot to get India back on track. One motivation should be fear. A slower-growing India will be more financially vulnerable, poorer, full of frustrated young people and taken less seriously by the rest of the world. India’s political class will not enjoy the consequences. India is a place that has fallen out of love with reform. It needs to get the magic back.

Treasurys Price Chg Yield %
2-Year Note* -0/32 0.368
10-Year Note* -1/32 2.239
* at close

8:27 p.m. EDT 03/25/12Futures Last Change Settle
Crude Oil 106.63 -0.24 106.87
Gold 1666.4 4.0 1662.4
E-mini Dow 13058 26 13032
E-mini S&P 500 1397.00 3.00 1394.00

8:38 p.m. EDT 03/25/12Currencies Last (mid) Prior Day †
Japanese Yen (USD/JPY) 82.70 82.35
Euro (EUR/USD) 1.3277 1.3270
† Late Friday in New York.

Euro up 1.3273

Au up 1,666.80

Oil down 106.71

Los futures del Dow Jones 30 puntos al alza.

Australia +0.30%

Yen down 82.71

Korea +0.49%, el Nikkei +0.33%

Copper March 25,20:39
Bid/Ask 3.8235 - 3.8256
Change +0.0100 +0.26%
Low/High 3.8062 - 3.8265
Charts

Nickel March 25,20:37
Bid/Ask 8.3089 - 8.3447
Change +0.0263 +0.32%
Low/High 8.2359 - 8.3670
Charts

Aluminum March 25,20:35
Bid/Ask 0.9628 - 0.9644
Change -0.0007 -0.07%
Low/High 0.9619 - 0.9671
Charts

Zinc March 25,20:38
Bid/Ask 0.9100 - 0.9111
Change +0.0036 +0.40%
Low/High 0.9054 - 0.9112
Charts

Lead March 25,20:32
Bid/Ask 0.9080 - 0.9091
Change +0.0028 +0.31%
Low/High 0.9035 - 0.9099

Monti alerta del peligro de contagio que significa Espana para el continente. Los ministros de finanzas se reunen para fortalecer el fondo de rescate.