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Eventos economicos

Ventas de tiendas
Seguros de desempleo
Costo y productividad
Subasta de bonos
ISM non manufacturero
Money Supply
Balance del Fed

Weekly Bill Settlement


Chain Store Sales


Monster Employment Index
6:00 AM ET


Jobless Claims
8:30 AM ET


Productivity and Costs
8:30 AM ET


3-Yr Note Announcement
9:00 AM ET


10-Yr Note Announcement
9:00 AM ET


30-Yr Bond Announcement
9:00 AM ET


ISM Non-Mfg Index
10:00 AM ET


EIA Natural Gas Report
10:30 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


Fed Balance Sheet
4:30 PM ET


Money Supply
4:30 PM ET

Euro down 1.3851

El Hang Seng +0.49%, el Nikkei +0.53%, Australia -0.05%, el Shanghai C. +0.33%, Korea +1.55%

Los futures del Dow Jones 26 puntos al alza.

Yen up 81.75

Los rebeldes de Libia se enlistan para pelear diciendo ganaremos o moriremos!

OIl up, Au down

9:36 p.m. EST 03/02/11Futures Last Change Settle
Crude Oil 102.62 0.39 102.23
Gold 1434.4 -3.3 1437.7
DJ Industrials 12072 26 12046
S&P 500 1308.50 2.70 1305.80

9:48 p.m. EST 03/02/11Currencies Last (bid) Prior Day †
Japanese Yen (USD/JPY) 81.78 81.89
Euro (EUR/USD) 1.3853 1.3867
† Late Wednesday in New York.

Copper March 02,21:39
Bid/Ask 4.4903 - 4.4934
Change +0.0113 +0.25%
Low/High 4.4728 - 4.4943
Charts

Nickel March 02,21:38
Bid/Ask 13.0446 - 13.0672
Change +0.0680 +0.52%
Low/High 12.9425 - 13.0672
Charts

Aluminum March 02,21:39
Bid/Ask 1.1554 - 1.1571
Change +0.0023 +0.20%
Low/High 1.1517 - 1.1573
Charts

Zinc March 02,21:39
Bid/Ask 1.1234 - 1.1244
Change +0.0052 +0.47%
Low/High 1.1154 - 1.1245
Charts

Lead March 02,21:38
Bid/Ask 1.1692 - 1.1709
Change -0.0005 -0.04%
Low/High 1.1650 - 1.1727

MARCH 2, 2011, 4:53 PM ET
Tomorrow’s Tape: Kroger, Heinz, Jobless Claims, ISM Services

Earnings reports are scheduled to arrive from these fine companies:

Big Lots
H.J. Heinz
The Kroger
Novell
The Progressive Corp
Economics:

8:30 a.m. — Weekly unemployment claims are expected to rise by 9,000 back up to that annoying 400,000 level. Last week, the Labor Department said the number of new claims U.S. workers filed for unemployment benefits fell by 22,000 to 391,000 in the week ended Feb. 19. The weekly claims figures have been choppy recently as a result of severe weather. But the four-week moving average of new claims, which tempers such volatility, fell by 16,500 to 402,000. That was the lowest level since July 2008, suggesting the job market may be gaining strength.
10 a.m. — ISM nonmanufacturing survey is expected to arrive at 59 for February, after a 59.4 reading in January. “The ADP employment report posted a strong gain of 217k jobs in February up from 189k in January. However, ADP has under predicted [the big monthly jobs report] in the last 6 months. The employment component of the ISM non-manufacturing index may provide a better indicator,” wrote analysts from BNP Paribas.

UBS dice que el precio de los alimentos seguiran subiendo, liderados por el maiz.

Los inventarios seguiran cayendo por tercera estacion consecutiva hasta el anio 2012y la produccion mundial no sera suficiente para satisfacer la creciente demanda.



Food Prices to Extend Gains as Stockpiles Rebuilt, Led by Corn, UBS Says
By Luzi Ann Javier - Mar 2, 2011 8:36 PM ET

Global corn stocks will slide for the third consecutive season in the year through June 2012 as record world production won’t be enough to satisfy rising demand, the International Grains Council forecast last month. Photographer: Daniel Acker/Bloomberg

Food prices will extend gains even as harvests expand, as exporters need to rebuild stockpiles, tightening global supplies and driving corn, wheat and soybeans higher, UBS AG said.

Corn may advance to $8.30 a bushel, 15 percent higher than yesterday’s close, Dominic Schnider, director for wealth management research at UBS, said in an interview in Singapore yesterday. Wheat may jump 23 percent to $10 a bushel, while soybeans may surge 7.6 percent to $15 a bushel, he said.

“We need to have at least two or three years of good harvests” to rebuild stockpiles, Schnider said. “We expect food prices to trend higher. At one point, it will come off in 2012.”

The global food price index, compiled by the United Nations’ Food and Agriculture Organization, surged to a record for a second month in January, driven by higher prices of cereals, dairy and sugar. Extending those gains may push millions more people into extreme hunger and poverty, prompting governments to pay more for food subsidies, widening national budget deficits.

Food prices are already at “dangerous levels” after pushing 44 million people into poverty since June, World Bank President Robert Zoellick said Feb. 15. That adds to the more than 900 million people around the world who go hungry each day, he said.

Corn Stocks
Global corn stocks will slide for the third consecutive season in the year through June 2012 as record world production won’t be enough to satisfy rising demand, the International Grains Council forecast last month.

Inventories were forecast to decline further from a four- year low of 119 million tons at the end of June this year, the council said. It lowered its estimate for this season by 1 million tons from a previous forecast because of demand from U.S. ethanol makers.

Strong ethanol demand in the U.S. will continue to drain supply of corn, and prices of the grain would need to rise to $8.30 a bushel to squeeze margins by makers of the fuel additive and ration demand, Schnider said. Corn for May delivery declined 0.4 percent to $7.185 a bushel on the Chicago Board of Trade at 8:33 a.m. Singapore time. It reached a record $7.9925 a bushel on June 27, 2008.

About 43 percent, or 4.95 billion bushels of the 11.6 billion bushels of corn demand in the U.S., the world’s largest grower, user and exporter, is for ethanol use, according to a U.S. Department of Agriculture estimate on Feb. 9.

Demand for corn from U.S. ethanol makers is forecast to gain this season from 4.57 billion bushels a year ago, and 3.79 billion bushels in the 2008-2009 season, according to USDA data.

‘Demand Rationing’
“The focus lies in demand rationing,” Schnider said. “Which demand will give in? It’s not going to be the consumption of food items. It’s going to be ethanol.”

Wheat futures may surge to as high as $10 a bushel if Russia maintains its export ban and China becomes a net importer of the cereal this year, he said.

Russia’s wheat stockpiles were forecast by the USDA to plunge to 3.87 million tons before this year’s harvest, from 11.87 million tons a year earlier. Its coarse-grain stockpiles, which include all cereals except for rice and wheat, were estimated to fall to 1.36 million tons, from 2.89 million tons a year ago, and 4.8 million tons in the 2008-2009 season, according to USDA data.

The worst drought in at least 50 years in China’s wheat- growing regions may curb the nation’s yields, Weather Trends International said. That may push the Asian nation to become a net wheat importer, intensifying competition for U.S. supplies, Schnider said.

To contact the reporter on this story: Luzi Ann Javier in Singapore

Au down

SPOT MARKET IS OPEN
closes in 19 hrs. 3 mins.
Mar 02, 2011 22:11 NY Time
Bid/Ask 1433.30 - 1434.30
Low/High 1427.00 - 1441.30
Change -2.40 -0.17%
30daychg +94.90 +7.09%
1yearchg +315.30 +28.20%

Asia-Pacific
INDEX VALUE CHANGE % CHANGE TIME
NIKKEI 225 10,548.10 55.71 0.53% 21:28
HANG SENG INDEX 23,157.70 108.99 0.47% 21:53
S&P/ASX 200 INDEX 4,803.30 0.10 0.00% 22:08

8:10 a.m. EST 03/03/11Treasurys
    Price Chg Yield %
2-Year Note   -1/32 0.716
10-Year Note   -3/32 3.483
* at close
8:16 a.m. EST 03/03/11Futures
  Last Change Settle
Crude Oil 100.97 -1.26 102.23
Gold 1429.9 -7.8 1437.7
DJ Industrials 12129 83 12046
S&P 500 1317.30 11.50 1305.80
8:26 a.m. EST 03/03/11Currencies
  Last (bid) Prior Day †
Japanese Yen (USD/JPY) 81.88 81.89
Euro (EUR/USD) 1.3847 1.3867
† Late Wednesday in New York.

Los seguros de desempleo bajan a 368,000. Buenas noticias. Bajan 20,000.

+107

El indice del dolar up a 76.82 o =0.23%

Oil down 101.09

El indice del dolar 0.20% a la baja ahora.

+105


Maniana la creacion de empleo.

Copper March 03,08:19
Bid/Ask 4.4943 - 4.4965
Change +0.0153 +0.34%
Low/High 4.4564 - 4.5098
Charts

Nickel March 03,08:19
Bid/Ask 13.1053 - 13.1230
Change +0.1287 +0.99%
Low/High 12.9425 - 13.1580
Charts

Aluminum March 03,08:19
Bid/Ask 1.1615 - 1.1622
Change +0.0084 +0.73%
Low/High 1.1517 - 1.1642
Charts

Zinc March 03,08:19
Bid/Ask 1.1247 - 1.1253
Change +0.0066 +0.59%
Low/High 1.1124 - 1.1340
Charts

Lead March 03,08:19
Bid/Ask 1.1850 - 1.1863
Change +0.0154 +1.32%
Low/High 1.1648 - 1.1920
Charts

Au down


SPOT MARKET IS OPEN
closes in 8 hrs. 39 mins.
Mar 03, 2011 08:35 NY Time
 Bid/Ask 1425.20 - 1426.20
 Low/High 1421.80 - 1437.50
 Change -10.50   -0.73%
30daychg +83.30   +6.21%
1yearchg +285.60   +25.06%
Charts...