Miercoles 17/08/16 Las minutas del Fed

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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 7:14 am

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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 7:16 am

What to Watch in the Fed Minutes

Federal Reserve officials left their benchmark short-term interest rate unchanged at their meeting July 26-27, but opened the door to lifting it later this year, possibly as early as September. Their postmeeting statement indicated they agreed the economy was on more solid footing and risks to the outlook had diminished since June. The minutes of the meeting, to be released Wednesday at 2 p.m. EDT, are likely to provide more detail on the internal debate. Here are five things to watch for.

Timing of the Next Rate Increase

Fed officials and financial markets have gotten out of step lately. Investors appear increasingly convinced the central bank won't raise rates this year even though policy makers say they still expect to. If the Fed is worried about the disconnect, it could use the minutes to raise expectations for a 2016 move. And although the minutes aren’t likely to spell out exactly when a rate increase could come, they could offer some guidance about how confident officials are that they will move by year’s end.

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Brexit

The Fed’s July meeting was the first since voters in the U.K. shocked the world by voting to leave the European Union, triggering days of market volatility and fears of a global downturn. By the time of the meeting, it was becoming clear the immediate Brexit threat had passed. Still, the statement adopted a cautious tone and said officials would “closely monitor inflation indicators and global economic and financial developments.” The minutes could offer an insight into the internal debate over the likely effects of the U.K. vote. On Aug. 4, a few weeks after the Fed meeting, the Bank of England cut its benchmark interest rate to the lowest level on record and brought back a bond-buying program. The Fed’s minutes could indicate whether Fed officials anticipated the BOE’s action and how they thought it would affect the U.S. economy.

Inflation

Fed statements issued after meetings routinely express confidence that the strong labor market will push inflation up to the central bank’s 2% target. The July statement was no different. But some uncertainty has crept in. In a June 6 speech, Fed Chairwoman Janet Yellen pointed to falling inflation expectations as a source of concern. “If inflation expectations really are moving lower, that could call into question whether inflation will move back to 2% as quickly as I expect,” she said. The minutes could tell us how widespread this concern is and whether officials have started discussing plans to tackle inflation should it fail to move up despite the robust labor market.

Balance of Risks

It has become a bit of a parlor game among central bank watchers to predict the Fed’s take on the risks facing the economy. Sometimes officials think the economy is more likely to outperform their forecasts (in Fed argot that is known as an upside risk) and sometimes they think the economy won't perform as well as they think it will (downside risk). If risks are tilted to the upside, officials might be more likely to raise interest rates. Lately, postmeeting statements have avoided any assessment of the balance of risks, in part because officials simply aren’t sure. Instead, Fed officials have preferred to articulate their thoughts on the balance of the risks in the subsequent minutes. At the July meeting, Fed officials sounded upbeat about the threats to the economy, saying “near-term risks to the economic outlook have diminished,” a sign they weren't overly concerned about the effects of the Brexit vote. The minutes should tell us how much debate there was over this assessment and whether there are contingents among officials who hold a more optimistic or a more pessimistic take on the risks.

Election Effects

Fed officials say the looming U.S. presidential election will have no effect on their interest rate decisions this fall. But most respondents in a Wall Street Journal survey of economists believed the election would be a factor leading the Fed to hold off on a rate increase in September. It isn’t uncommon for the central bank to take major policy action in presidential election years. In the past three decades, they have done so in every presidential election year except 1996. New York Fed President William Dudley recently broke with precedent and acknowledged the uncertainty surrounding the election, saying it might depress business investment. It is unlikely Fed officials would openly discuss the election in their meeting minutes but it will still be something to keep an eye out for.
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 7:19 am

Stocks Struggle, Dollar Rallies Ahead of Federal Reserve Minutes

Stocks struggled for momentum while the dollar firmed Wednesday as investors waited for the minutes from the Federal Reserve’s July meeting.

The Stoxx Europe 600 reversed early gains to dip 0.4%, with all but the travel sector in the red. Futures pointed to a flat opening for the S&P 500, after U.S. stocks retreated from record highs on Tuesday.

The WSJ Dollar Index, which measures the dollar against a basket of 16 currencies, rose 0.34%.

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Focus was firmly on the U.S. Federal Reserve. Minutes from the bank’s July meeting are due at 2 p.m. EDT, and could provide details on the central bank’s internal debate over the course of interest rates.

Officials left rates unchanged at their meeting on July 26-27, but opened the door to lifting rates later this year and indicated risks to the outlook had diminished since June.

Investors are still betting rates will hold at ultralow levels for quite some time, with Fed-fund futures pointing to a less than 50% chance of a rate rise by the end of the year, according to CME Group.

Japanese stocks led gains in Asia after Japanese authorities warned about the country’s soaring currency.Photo: Associated Press

But recent comments from Fed officials suggest the possibility of higher rates this year remains on the table. New York Fed President William Dudley said a rate increase as early as September is “possible,” supporting a rebound in the dollar.

“Given where unemployment is and where wage growth is, it wouldn’t take much to allow them to raise rates again,” said Jonathan Bell, chief investment officer at Stanhope Capital.

If interest rates start to rise, stocks and bonds could fall together, he said. Equity markets have risen to record highs not because of earnings growth, but because ultralow rates and quantitative easing have suppressed returns on bonds, making stocks look attractive in comparison, he added.

The yield on the 10-year U.S. Treasury note rose to 1.587% from 1.576% on Tuesday. Yields move inversely to prices.

Earlier, Japanese stocks led gains in Asia after Japanese authorities warned about the country’s soaring currency.

The dollar was last up 0.4% against the yen at ¥109.7600 after the greenback touched its lowest afternoon trade level against the yen since 2013 on Tuesday.

Shanghai and Hong Kong stocks ended little changed, even after China set out plans to open up its equity markets by approving a stock-trading link between Hong Kong and Shenzhen.

The program is expected to launch within 2016, but analysts were skeptical over how attractive this link would be to foreign investors, who can already invest in China’s domestic markets through other programs.

In commodities, Brent crude oil fell 1% to $48.72 a barrel, while gold shed 0.7% to $1,347 an ounce.

— Kenan Machado and David Harrison contributed to this article.

Write to Riva Gold at riva.gold@wsj.com
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 7:45 am

LAST CHANGE % CHG
Get index data by Email
UK: FTSE 100 6873.13 -20.79 -0.30%
Germany: DAX 10567.25 -109.40 -1.02%
France: CAC 40 4432.58 -27.86 -0.62%
Stoxx Europe 600 341.46 -1.86 -0.54%
Hang Seng 22799.78 -111.06 -0.48%
Japan: Nikkei 225 16745.64 149.13 0.90%
DJIA 18552.02 -84.03 -0.45%
Europe Dow 1559.28 -7.54 -0.48%
Global Dow 2445.73 0.23 0.01%
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 7:46 am

LAST(MID) CHANGE
Euro (EUR/USD) 1.1275 -0.0004
Yen (USD/JPY) 100.67 0.37
Pound (GBP/USD) 1.3019 -0.0027
Australia $ (AUD/USD) 0.7631 -0.0064
Swiss Franc (USD/CHF) 0.9632 0.0014
WSJ Dollar Index 85.79 0.22
Futures8:35 AM EDT 8/17/2016
LAST CHANGE % CHG
Crude Oil 46.39 -0.19 -0.41%
Brent Crude 49.17 -0.06 -0.12%
Gold 1348.7 -8.2 -0.60%
Silver 19.680 -0.194 -0.98%
E-mini DJIA 18513 -11 -0.06%
E-mini S&P 500 2177.25 0.50 0.02%

Government Bonds8:44 AM EDT 8/17/2016
PRICE CHG YIELD
U.S. 10 Year -3/32 1.584
German 10 Year 1/32 -0.030
Japan 10 Year -7/32 -0.075
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 7:46 am

Futures LAST CHANGE % CHG
See all Futures
Crude Oil 46.39 -0.19 -0.41%
Brent Crude 49.16 -0.07 -0.14%
Natural Gas 2.636 -0.021 -0.79%
Gasoline 1.3549 -0.0077 -0.57%
Gold 1348.9 -8.0 -0.59%
Silver 19.680 -0.194 -0.98%
Corn 337.00 -0.25 -0.07%
Wheat 439.0 -0.5 -0.11%
E-mini DJIA 18514 -10 -0.05%
E-mini S&P 500 2177.00 0.25 0.01%
Indexes LAST CHANGE % CHG
TR/CC CRD Index 186.079 -0.558 -0.30%
S&P GSCI 362.24 -0.91 -0.25%
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 7:46 am

LAST CHANGE % CHG
Get index data by Email
Japan: Nikkei 225 16745.64 149.13 0.90%
Hang Seng 22799.78 -111.06 -0.48%
Shanghai Composite 3109.55 -0.48 -0.02%
S&P BSE Sensex 28005.37 -59.24 -0.21%
Australia: S&P/ASX 5535.00 3.00 0.05%
UK: FTSE 100 6872.51 -21.41 -0.31%
DJIA 18552.02 -84.03 -0.45%
Asia Dow 2934.73 -0.76 -0.03%
Global Dow 2445.86 0.36 0.01%
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 7:47 am

Cisco recortara 14,000 empleos.
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 7:48 am

Los futures del Dow Jones 3 puntos a la baja.

Au down 1,349

Cu down 2.168

Oil down 46,41

Au down 1,349

Europa a la baja.
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 7:49 am

Copper August 17,08:38
Bid/Ask 2.1641 - 2.1643
Change -0.0135 -0.62%
Low/High 2.1565 - 2.1813
Charts

Nickel August 17,08:32
Bid/Ask 4.6085 - 4.6108
Change -0.0446 -0.96%
Low/High 4.6040 - 4.7075
Charts

Aluminum August 17,08:39
Bid/Ask 0.7603 - 0.7605
Change +0.0021 +0.28%
Low/High 0.7541 - 0.7613
Charts

Zinc August 17,08:39
Bid/Ask 1.0174 - 1.0176
Change +0.0017 +0.16%
Low/High 1.0083 - 1.0210
Charts

Lead August 17,08:39
Bid/Ask 0.8500 - 0.8505
Change +0.0022 +0.26%
Low/High 0.8403 - 0.8525
Charts

Uranium Aug 12, 2016
Ux U308 price: 26.00
Change from
previous week -0.25
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 8:31 am

OIl down 46.41

Au down 1,347

-14.82
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 8:43 am

18505.32 -46.70 -0.25%
Nasdaq 5212.30 -14.82 -0.28%
S&P 500 2173.10 -5.05 -0.23%
Russell 2000 1231.13 -10.74 -0.86%
Global Dow 2439.51 -5.99 -0.24%
Japan: Nikkei 225 16745.64 149.13 0.90%
Stoxx Europe 600 341.41 -1.91 -0.56%
UK: FTSE 100 6873.65 -20.27 -0.29%
CURRENCIES9:42 AM EDT 8/17/2016
LAST(MID) CHANGE
Euro (EUR/USD) 1.1267 -0.0011
Yen (USD/JPY) 100.52 0.22
Pound (GBP/USD) 1.3002 -0.0044
Australia $ (AUD/USD) 0.7622 -0.0073
Swiss Franc (USD/CHF) 0.9633 0.0015
WSJ Dollar Index 85.84 0.26
GOVERNMENT BONDS9:41 AM EDT 8/17/2016
PRICE CHG YIELD
U.S. 10 Year 2/32 1.569
German 10 Year 5/32 -0.043
Japan 10 Year -7/32 -0.075
FUTURES9:32 AM EDT 8/17/2016
LAST CHANGE % CHG
Crude Oil 46.39 -0.19 -0.41%
Brent Crude 49.28 0.05 0.10%
Gold 1347.7 -9.2 -0.68%
Silver 19.685 -0.189 -0.95%
E-mini DJIA 18499 -25 -0.13%
E-mini S&P 500 2174.75 -2.00 -0.09%
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 8:45 am

Cisco Systems despedirá a 14.000 empleados: medio

(Reuters) - Cisco Systems Inc despedirá a cerca de 14.000 empleados, cifra que representa casi un 20 por ciento de la fuerza de trabajo global del fabricante de equipos de red, informó el sitio de noticias de tecnología CRN, que citó a fuentes cercanas a la empresa.

Cisco, que tiene su base en San Jose, California, realizaría el anuncio de los despidos en las próximas semanas, según el reporte. La empresa está haciendo la transición desde su origen en desarrollo de hardware hacia una organización más enfocada en el software.

El reporte de CRN decía que Cisco tiene una necesidad mayor de "conjuntos de capacidades diversas" para un "futuro definido por el software" de la que tenía en el pasado y que quiere capturar una porción mayor del mercado direccionable, apuntando a impulsar sus márgenes, según fuentes en conocimiento de la situación.

La compañía ya ha ofrecido muchos planes de paquetes de retiro anticipado, según CRN.

Además de Cisco, otros gigantes tecnológicos también han anunciado recortes de puestos frente al declive de la industria de los computadores personales en los últimos años, como es el caso de Microsoft Corp, HP Inc e Intel Corp.

En julio de 2014, Microsoft aplicó uno de los mayores despidos masivos en la historia de las firmas de tecnología, cuando anunció la desvinculación de 18.000 trabajadores. HP dijo en septiembre de 2015 que esperaba recortar 33.300 puestos en el curso de tres años.

Cisco no quiso emitir declaraciones. Al 30 de abril, la empresa contaba con más de 70.000 empleados.
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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor admin » Mié Ago 17, 2016 9:13 am

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Re: Miercoles 17/08/16 Las minutas del Fed

Notapor jonibol » Mié Ago 17, 2016 10:22 am

En términos de timing las actas de la FED de hoy coinciden con los techos de máximos históricos
Sin catalizadores para seguir subiendo, creo podría esperarse una corrección en los mercados
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