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Miercoles

Eventos economicos

Solicitudes de hipotecas
Habla Dennis Lockhart
Productividad y costos
Habla Daniel Tarullo
Reporte del petroleo
Libro Beige
Hablan Jonwh Williams and Janet Yellen


MBA Purchase Applications
7:00 AM ET

Dennis Lockhart Speaks
8:15 AM ET



Productivity and Costs
8:30 AM ET

Daniel Tarullo Speaks
10:00 AM ET



EIA Petroleum Status Report
10:30 AM ET


Beige Book
2:00 PM ET

Dennis Lockhart Speaks
2:15 PM ET



Treasury STRIPS
3:00 PM ET

John Williams Speaks
3:30 PM ET


Janet Yellen Speaks
7:00 PM ET

Copper June 05,21:59
Bid/Ask 3.3613 - 3.3626
Change +0.0209 +0.62%
Low/High 3.3301 - 3.3638
Charts

Nickel June 05,21:58
Bid/Ask 7.2545 - 7.2622
Change -0.0109 -0.15%
Low/High 7.2133 - 7.3217
Charts

Aluminum June 05,21:59
Bid/Ask 0.8761 - 0.8773
Change +0.0051 +0.59%
Low/High 0.8710 - 0.8778
Charts

Zinc June 05,21:58
Bid/Ask 0.8549 - 0.8559
Change -0.0014 -0.16%
Low/High 0.8508 - 0.8569
Charts

Lead June 05,21:59
Bid/Ask 0.8603 - 0.8615
Change +0.0045 +0.53%
Low/High 0.8476 - 0.8615

Treasurys Price Chg Yield %
2-Year Note 1/32 0.250
10-Year Note -3/32 1.591
* at close

10:03 p.m. EDT 06/05/12Futures Last Change Settle
Crude Oil 84.85 0.56 84.29
Gold 1628.3 11.4 1616.9
E-mini Dow 12168 42 12126
E-mini S&P 500 1290.25 5.25 1285.00

10:13 p.m. EDT 06/05/12Currencies Last (mid) Prior Day †
Japanese Yen (USD/JPY) 78.70 78.75
Euro (EUR/USD) 1.2488 1.2453
† Late Tuesday in New York.

Asia-Pacific
Index Name Value Change % Change Time
Nikkei 225 8,441.97 +59.97 +0.72% 21:50:30
Hong Kong Hang Seng Index 18,359.46 +100.43 +0.55% 21:55:45
S&P/ASX 200 4,050.10 +6.41 +0.16% 21:54:36

El Nikkei +1.31%, el Hang Seng +0.88%, Australia +0.19%, Korea +1.05%, el Shangai C. -0.24%

Los futures delmDow Jones +66

Euro up 1.2505

Yen down 78.80

La economia de Australia crecio 1.3% mas del doble de lo esperado por los economistas.

Moody's downgrades bancos Alemanes y de Austria

Recibio el downgrade Commerzbank, el segundo banco Aleman. En total fueron 7 bancos Alemanes y 3 Austrianos.


Commerzbank Cut As Moody’s Downgrades German, Austrian Banks
By Sanat Vallikappen - Jun 5, 2012 11:31 PM ET

Commerzbank AG (CBK), Germany’s second- largest bank, had its credit rating cut one level as Europe’s deepening debt crisis prompted Moody’s Investors Service to downgrade seven lenders in the nation and three in Austria.
Commerzbank, based in Frankfurt, was reduced to A3, Moody’s said in a statement today. A review of Deutsche Bank AG (DBK), the nation’s largest lender, will be concluded later, Moody’s said.
Enlarge image
The Commerzbank AG headquarters, left, is seen at night from the Eiserner Steg bridge, across from the river Main in Frankfurt. Policy makers at the European Central Bank meeting today face increasing pressure to lower rates and introduce more liquidity support for banks. Photographer: Hannelore Foerster/Bloomberg
The Group of Seven nations yesterday agreed to coordinate their response to Europe’s turmoil, which has tipped at least eight of the 17 euro-area economies into recession and damped European demand for foreign goods. Policy makers at the European Central Bank meeting today face increasing pressure to lower rates and introduce more liquidity support for banks.
Moody’s decision is “a bit harsh” given the resilience of the German banking system and economy, said Sandy Mehta, chief executive officer of Value Investment Principals Ltd., a Hong Kong-based investment advisory company. “But given the events in Europe, unless the authorities and the powers that be are more decisive and take firmer action, then you do have the risk that the economic problems will engulf Germany as well.”
The rating actions were driven by “the increased risk of further shocks emanating from the euro area debt crisis, in combination with the banks’ limited loss-absorption capacity,” Moody’s said. In addition to Commerzbank, five other German banking groups were reduced, as was the local subsidiary of UniCredit SpA (UCG), Italy’s biggest lender.
Austrian Banks Vulnerable
In Austria, UniCredit Bank Austria AG and Raiffeisen Bank International AG (RBI), Eastern Europe’s third-biggest lender, were lowered one level to A3 and A2 respectively, Moody’s said in a separate statement. Erste Group Bank AG (EBS), the region’s second- biggest lender after UniCredit’s Milan-based parent, was cut two grades to A3.
The downgrades “reflect their vulnerability to the adverse operating conditions in some of their core markets,” Moody’s said of the Austrian lenders. They also face “increased risk of further shocks from the ongoing euro area debt crisis,” it said.
While Moody’s has a top AAA rating on Austria’s sovereign debt, it said in February it may lower the outlook to negative. Standard & Poor’s cut the country’s debt rating to AA from AAA on Jan. 13.
Calls to the press offices of Commerzbank and the three Austrian banks after regular business hours went unanswered.
Stagnating Economy
Figures today may show the euro area’s gross domestic product stagnated in the latest quarter after dropping 0.3 percent in the previous period, according to a Bloomberg survey. In Germany, industrial output probably declined 1 percent in April from a month earlier, when it climbed 2.8 percent, a separate survey showed.
DekaBank Deutsche Girozentrale and DZ Bank AG were among privately traded German banks cut by Moody’s today. The rating company said many of the nation’s lenders were downgraded less than European rivals because of factors including the country’s below-average unemployment and low household and corporate debt.
Calls to the two banks’ German press offices seeking comment after regular business hours went unanswered.
Spanish Bailout Funds
German banks’ resilience contrasts with those in Spain, where the Bankia (BKIA) group was nationalized last month. The Spanish government is pushing for Europe to channel funds directly to banks as concern mounts over the country’s ability to support lenders facing mounting costs of cleaning up souring assets. Germany opposes Spain’s request for Europe’s bailout fund to be able to provide money directly to banks.
Yesterday’s G-7 conference call centered on helping Greece and Spain place their public finances on a sustainable footing, Japanese Finance Minister Jun Azumi said. European officials “said they will speed up their efforts to resolve those problems, which was encouraging to us,” Azumi told reporters.
Moody’s said in February that it was putting 114 European banks and an additional eight non-European firms with large capital-markets businesses under review to assess the impact of the region’s debt crisis. Last month, it downgraded 16 Spanish banks including Banco Santander SA (SAN) and 26 Italian lenders including UniCredit.

Calendario del Miércoles: Dragi salvanos!

Tomorrow’s Tape: Save Us, Mario Draghi

By Paul Vigna


Economics:

Tomorrow’s big event will be the meeting and press conference of the ECB’s rate-setting committee. The statement comes at 7:45 a.m. ET, with President Mario Draghi’s press conference beginning around 8:30.

The markets will be awaiting any pronouncement, almost literally anything, that shows the ECB moving to stem the boiling crisis on the Continent. Our Brian Blackstone, though, said anybody looking a “shock-and-awe” announcement is likely to be disappointed.

Here in the U.S., the data calendar looks like:

MBA weekly mortgage applications survey (7 a.m.)

First-quarter productivity (revised) (8:30): seen revised to -0.8% from -0.5%.

EIA weekly petroleum status report (10:30): crude-oil stocks seen down 500,000 in the latest week, after rising 2.2 million a week before.

Federal Reserve’s Biege Book (2 p.m.)

There are also a handful of Fed speakers on the circuit: the Atlanta Fed’s Dennis Lockhart (8:15 a.m.), Fed Governor Daniel Tarullo testifying before the Senate Banking Committee (10 a.m.),  San Francisco Fed’s John Williams (3:30 p.m.), and Vice Chairman Janet Yellen (7 p.m.)

Earnings:

Hovnanian, Annie’s, Brown-Forman, Vail Resort, Comverse Tech

Los graficos del dia,
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7:20 a.m. EDT 06/06/12Treasurys
    Price Chg Yield %
2-Year Note   1/32 0.258
10-Year Note   -6/32 1.599
* at close
7:11 a.m. EDT 06/06/12Futures
  Last Change Settle
Crude Oil 85.43 1.14 84.29
Gold 1637.8 20.9 1616.9
E-mini Dow 12236 110 12126
E-mini S&P 500 1298.75 13.75 1285.00
7:22 a.m. EDT 06/06/12Currencies
  Last (mid) Prior Day †
Japanese Yen (USD/JPY) 79.25 78.75
Euro (EUR/USD) 1.2506 1.2453
† Late Tuesday in New York.

Bid/Ask 3.3868 - 3.3880
Change +0.0464 +1.39%
Low/High 3.3301 - 3.3893
Charts

Nickel June 06,07:18
Bid/Ask 7.3675 - 7.3743
Change +0.1021 +1.40%
Low/High 7.2133 - 7.4074
Charts

Aluminum June 06,07:19
Bid/Ask 0.8793 - 0.8796
Change +0.0083 +0.95%
Low/High 0.8710 - 0.8814
Charts

Zinc June 06,07:19
Bid/Ask 0.8616 - 0.8620
Change +0.0053 +0.62%
Low/High 0.8508 - 0.8629
Charts

Lead June 06,07:19
Bid/Ask 0.8663 - 0.8671
Change +0.0105 +1.23%
Low/High 0.8476 - 0.8675
Charts

España necesita tener primero resultados auditoría banca:Guindos
miércoles 6 de junio de 2012 06:36 GYT Imprimir [-] Texto [+]
BRUSELAS (Reuters) - El ministro de Economía de España, Luis de Guindos, dijo el miércoles que no hay planes inmediatos de solicitar un rescate para los bancos españoles y que es necesario contar con los resultados de la auditoría que se está haciendo al sector financiero antes de tomar cualquier medida.

"No hemos debatido en absoluto ninguna intervención en los bancos españoles hoy", dijo ante periodistas en el marco de unas reuniones en Bruselas, donde tiene previsto reunirse también con el comisario de Competencia, Joaquín Almunia.

De Guindos dijo que España estaba esperando los resultados de un informe del FMI sobre el sector bancario el próximo 11 de junio, y luego los informes de los auditores independientes.

"Después de eso, en no más de diez o quince días tendremos el informe de los auditores independientes (...) que seguramente serán muy similares al del Fondo Monetario Internacional", dijo.

"A partir de ahí, el Gobierno español tomará las decisiones que deba tomar en lo que se refiere a la recapitalización de sus instituciones", agregó.

8:11 a.m. EDT 06/06/12Treasurys
    Price Chg Yield %
2-Year Note   0/32 0.262
10-Year Note   -3/32 1.589
* at close
8:02 a.m. EDT 06/06/12Futures
  Last Change Settle
Crude Oil 85.23 0.94 84.29
Gold 1635.7 18.8 1616.9
E-mini Dow 12221 95 12126
E-mini S&P 500 1297.00 12.00 1285.00
8:12 a.m. EDT 06/06/12Currencies
  Last (mid) Prior Day †
Japanese Yen (USD/JPY) 79.15 78.75
Euro (EUR/USD) 1.2485 1.2453
† Late Tuesday in New York.

No recortan intereses in Europa.