Jueves 26/05/16 Indice de casas pendientes, bienes duraderos

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LAST CHANGE % CHG
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Japan: Nikkei 225 16805.63 48.28 0.29%
Hang Seng 20291.61 -76.44 -0.38%
Shanghai Composite 2789.92 -25.16 -0.89%
S&P BSE Sensex 25881.17 575.70 2.28%
Australia: S&P/ASX 5366.20 -6.30 -0.12%
UK: FTSE 100 6262.85 43.59 0.70%
DJIA 17851.51 145.46 0.82%
Asia Dow 2625.41 6.16 0.24%
Global Dow 2336.77 2.82 0.12%

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Currencies10:59 PM EDT 5/25/2016
LAST(MID) CHANGE
Euro (EUR/USD) 1.1176 0.0020
Yen (USD/JPY) 109.66 -0.54
Pound (GBP/USD) 1.4704 0.0008
Australia $ (AUD/USD) 0.7205 0.0008
Swiss Franc (USD/CHF) 0.9895 -0.0018
WSJ Dollar Index 87.39 -0.17
Futures10:49 PM EDT 5/25/2016
LAST CHANGE % CHG
Crude Oil 49.82 0.26 0.52%
Brent Crude 50.57 0.34 0.68%
Gold 1234.4 7.8 0.64%
Silver 16.465 0.204 1.25%
E-mini DJIA 17797 -20 -0.11%
E-mini S&P 500 2083.75 -3.50 -0.17%

Government Bonds10:55 PM EDT 5/25/2016
PRICE CHG YIELD
U.S. 10 Year 4/32 1.856
German 10 Year 0/32 0.155
Japan 10 Year 1/32 -0.099

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Futures LAST CHANGE % CHG
See all Futures
Crude Oil 49.83 0.27 0.54%
Brent Crude 50.57 0.34 0.68%
Natural Gas 2.164 -0.017 -0.78%
Gasoline 1.6561 0.0075 0.45%
Gold 1234.7 8.1 0.66%
Silver 16.475 0.214 1.32%
Corn 404.50 -0.25 -0.06%
Wheat 467.0 1.0 0.21%
E-mini DJIA 17797 -20 -0.11%
E-mini S&P 500 2083.50 -3.75 -0.18%
Indexes LAST CHANGE % CHG
Reuters-Jefferies CRB 185.300 1.955 1.07%
S&P GSCI 372.17 1.49 0.40%

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El petroleo subio a su nivel mas alto en seis meses. La produccion americana de petroleo ha bajado.

El brent pasa los $50

Brent Crude Rises Above $50 a Barrel
Tightening in the market is expected
An employee took a meter reading at a Petronas gas station in Sarawak, Malaysia, in April
By JENNY W. HSU
Updated May 25, 2016 10:31 p.m. ET

HONG KONG—International oil prices rose to their highest levels in six months Thursday, as the recent decline in U.S. crude stocks raised expectations for a tightening in the market amid lower global supply.

Brent, the international benchmark for oil, rose 30 cents to $50.04 a barrel in morning Asian trade, its highest point since the beginning of November. U.S. oil prices traded on the New York Mercantile Exchange rose 29 cents to $49.85 a barrel.

Persistent oversupply has kept prices well below highs of $100 a barrel reached two years ago. The price collapse has prompted energy companies to withhold investment—especially in the upstream sector—resulting in a slowdown in global output growth. Ongoing supply disruptions in North America and Africa, as well as dwindling output from Latin America, have also pushed prices higher.

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“The fundamentals of the U.S. are changing and the declining production rate in the U.S. is a welcoming sign that adds to the belief the glut is dwindling,” said Vyanne Lai, energy analyst at National Australia Bank.

The U.S. Energy Information Administration said U.S. crude stockpiles fell 4.2 million barrels last week. Analysts polled by The Wall Street Journal had expected a decrease of 2.5 million barrels.


U.S. output also fell for the 11th straight week to 8.8 million barrels a day from a peak of 9.7 million barrels a day in April 2015.

However, some analysts say the rally is unlikely to last, given that major producers—especially those in the Organization of the Petroleum Exporting Countries—are likely to keep production high.

The rising price makes an OPEC production cut even less likely at a coming June 2 summit, said Citi Futures analyst Tim Evans. Refineries in France, meanwhile, remain beset by labor unrest, limiting crude oil consumption there, he added.

Write to Jenny W. Hsu at jenny.hsu@wsj.com

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Caída de inventarios en EE.UU. impulsa el precio del petróleo
Por Dan Molinski y Nicole Friedman
miércoles, 25 de mayo de 2016 12:26 EDT
DALLAS (EFE Dow Jones)—Las reservas de crudo en Estados Unidos cayeron pronunciadamente en la semana finalizada el 20 de mayo, al tiempo que los inventarios de gasolina subieron de forma inesperada, según los datos publicados el miércoles por el Departamento de Energía del país. El reporte impulsó los precios del crudo estadounidense durante la apertura de la sesión, pero hacia el medio día las ganancias se habían reducido.

Los inventarios estadounidenses son seguidos de cerca por los operadores como el primer indicador del equilibrio mundial de oferta y demanda de crudo.

Los inventarios de petróleo en EE.UU. se redujeron en 4,2 millones de barriles a 537,1 millones, pero sigue siendo un nivel históricamente elevado para esta época del año, dijo el departamento. Los analistas encuestados por The Wall Street Journal habían previsto una caída de los inventarios de 2,5 millones de barriles.

El crudo almacenado en Cushing, Oklahoma, el centro de distribución de las reservas de petróleo en Estados Unidos, disminuyó en 649.000 barriles hasta 67,6 millones, indicó el departamento en su informe semanal.

Por su parte, las existencias de gasolina aumentaron en 2 millones de barriles hasta 240,1 millones de barriles. Los analistas esperaban una reducción de 1,1 millones de barriles.

Mientras, las reservas de destilados, como el gasóleo para calefacción y el diésel, cayeron en 1,3 millones de barriles y quedaron en un total de 150,9 millones, aunque siguen muy por encima de la parte alta de su rango medio, informó el departamento. Los analistas esperaban una pérdida de esta partida de 800.000 barriles.

Finalmente, la utilización de la capacidad de refinanción se redujo 0,8 puntos porcentuales respecto a la semana anterior, hasta 89,7%. Los analistas esperaban un repunte de 0,6 puntos porcentuales.

Hacia el mediodía del miércoles, el crudo estadounidense para entrega en julio subía 44 centavos de dólar, o 0,9%, a US$49,06 el barril en la Bolsa Mercantil de Nueva York. El Brent, la referencia mundial, subió 62 centavos de dólar, o 1,3%, a US$49,23 el barril en la bolsa de Futuros de Europa ICE.

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17851.51 145.46 0.82%
Nasdaq 4894.89 33.84 0.70%
S&P 500 2090.54 14.48 0.70%
Russell 2000 1141.02 5.72 0.50%
Global Dow 2341.75 7.80 0.33%
Japan: Nikkei 225 16772.46 15.11 0.09%
Stoxx Europe 600 348.99 0.43 0.12%
UK: FTSE 100 6272.80 9.95 0.16%
CURRENCIES8:04 AM EDT 5/26/2016
LAST(MID) CHANGE
Euro (EUR/USD) 1.1168 0.0013
Yen (USD/JPY) 110.10 -0.09
Pound (GBP/USD) 1.4706 0.0010
Australia $ (AUD/USD) 0.7215 0.0018
Swiss Franc (USD/CHF) 0.9918 0.0005
WSJ Dollar Index 87.42 -0.15
GOVERNMENT BONDS8:03 AM EDT 5/26/2016
PRICE CHG YIELD
U.S. 10 Year 2/32 1.863
German 10 Year -6/32 0.175
Japan 10 Year 6/32 -0.114
FUTURES7:54 AM EDT 5/26/2016
LAST CHANGE % CHG
Crude Oil 50.06 0.50 1.01%
Brent Crude 50.79 0.56 1.11%
Gold 1231.0 4.4 0.36%
Silver 16.500 0.239 1.47%
E-mini DJIA 17853 36 0.20%
E-mini S&P 500 2090.25 3.00 0.14%
MARKET NEWS

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http://www.kitcometals.com

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Los seguros de desempleo en 268,000 menor a lo esperado.

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Las mineras pesimistas con los precios de los metales.
Once Bullish, Miners Turn Bearish on Metals Prices
Sector wrestles with overcapacity that built up during the decade-long commodity boom

Tom Albanese, chief executive of Vedanta Resources, speaks at a conference in Cape Town in February. Mr. Albanese says that the rally in metals just went “beyond what the fundamentals would suggest.”
Tom Albanese, chief executive of Vedanta Resources, speaks at a conference in Cape Town in February. Mr. Albanese says that the rally in metals just went “beyond what the fundamentals would suggest.”PHOTO: WALDO SWIEGERS/BLOOMBERG NEWS

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By Alex MacDonald
Updated May 26, 2016 6:17 a.m. ET
The rally in the price of metals is over and few see it coming back soon, including the miners themselves.

Copper, iron ore and other metals and resources rallied through much of this year, but this month headed lower once more. Those declines will continue, given uncertainty over Chinese growth, the oversupply in many metals and resources, and a strengthening U.S. dollar, mining executives say.

That will put further pressure on the share prices of miners, which rebounded with metals.

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Analysts are also bearish, but the negative call from once bullish miners underscores just how poor sentiment is in metals markets, even after five years of declines.

“Although we have recently seen some positive signals...we are expecting another year or two of low copper prices,” said Jean-Paul Luksic, chairman of Chilean copper producer Antofagasta PLC , last week.

Other senior executives from the world’s largest miners have a similar message on their metals and iron ore.

From lows hit as early as January to May, copper gained 17%, nickel rose 25%, and iron ore, a key ingredient in steelmaking, shot up 75% to $68.70 a metric ton.

These rallies were fueled by a belief that China would buttress wobbling economic growth with stimulus measures, creating demand for metals and iron ore while also encouraging Chinese retail investors to jump in. A fall in the dollar made these greenback-denominated resources cheaper for holders of other currencies and low interest rates around the western world sent investors looking for yield, including in commodity markets.



More recently, the Chinese government has played down expectations of further stimulus while quelling the retail speculation by increasing deposits and fees for trading. Meanwhile, the dollar has strengthened again, amid expectations that the U.S. Federal Reserve will pursue a faster pace of interest-rate increases.

“I would say the recent softness has more to do with increased expectations that the Fed will raise interest rates in June and its effect on the U.S. dollar,” said Tom Albanese, chief executive of India-focused mining giant Vedanta Resources PLC . Mr. Albanese also believes that the rally just went “beyond what the fundamentals would suggest.”

As this year’s rally faded, the sector faced the same problems it has wrestled with for years, in particular the overcapacity that built up during the decadelong commodity boom that began at the turn of the century. Analysts have repeatedly said that more mines and smelters need to close for prices to really bottom out, particularly in metals such as aluminum and nickel and in iron ore.

Lakshmi Mittal, chief executive of the world’s largest steelmaker, ArcelorMittal , said that China has yet to fulfill a promise to shut down more than a hundred million tons of excess steel-production capacity. Instead, the world’s No. 2 economy continues to export large quantities of steel.

“We keep on hearing some blast furnaces, smaller private blast furnaces (are) reopening” in China, Mr. Mittal said earlier this month.

Norilsk Nickel , the world’s largest nickel producer, estimates that about 70% of global production in this metal is currently loss-making. Only 17% of this capacity is close to shutting down, the Russian miner estimates.

“We do hope that...this year there will be serious discussions at management and boardroom [levels] as to how they should react to the market, because for us there should be some response from the industry,” said Sergey Dubovitskiy, Norilsk’s head of strategy.

Miners’ shares rallied with metals prices and they are following them back down. The FTSE 350 mining index, which includes some of the world’s largest miners, climbed 83% from its low this year to a peak in April, before falling 15% to date. Shares in commodities giant Glencore PLC more than doubled from their low in January to their March peak. They have since fallen 19%.

To be sure, executives like Mr. ​Albanese don’t see the price of metals like ​zinc and copper falling to their multiyear lows of ​this ​January. Also one metal, zinc, has the potential to gain this year after two large mines were shut in 2015, prompting demand​ to outstrip supply. “Zinc continues to have the best​...​fundamentals,” said Mr. Albanese.​​​​

Overall, miners remain pessimistic, even as commodity prices declined in recent years, miners didn’t shy away from predicting a return to the bull run in which some metals more than quadrupled in value. But more recently executives have been steering clear of such predictions, having called the bottom of the market many times only to see prices fall again.

“The world has not recovered yet, totally, from the financial crisis,” Sam Walsh, chief executive of Rio Tinto PLC , told reporters earlier this month. “In that environment, calling the bottom is a brave move.”

—Rhiannon Hoyle in Sydney contributed to this article.

Write to Alex MacDonald at alex.macdonald@wsj.com

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http://elcomercio.pe/movil/politica/ele ... ia-1904417

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Las órdenehttp://www.bloomberg.com/news/articles/2016-05-26/orders-for-u-s-capital-goods-unexpectedly-fall-for-third-months de bienes duraderos cayeron por tercer mes consecutivo.

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+27

Oil up 49.91

Au up 1,234.50

Europa al alza.

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LAST CHANGE % CHG
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UK: FTSE 100 6257.17 -5.68 -0.09%
Germany: DAX 10266.38 61.17 0.60%
France: CAC 40 4504.28 22.64 0.51%
Stoxx Europe 600 348.34 -0.22 -0.06%
Hang Seng 20397.11 29.06 0.14%
Japan: Nikkei 225 16772.46 15.11 0.09%
DJIA 17851.51 145.46 0.82%
Europe Dow 1581.00 9.66 0.61%
Global Dow 2343.26 9.31 0.40%