Martes 25/10/16 Indice casas, manufactura en Richmond

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Francia inicia el desalojo del campo de inmigrantes "La Jungla" de Calais

Por Matthias Blamont

CALAIS, Francia (Reuters) - Cientos de inmigrantes con maletas y otros bultos con sus pertenencias hacían fila el lunes en un hangar a las afueras de Calais para ser reubicados, al inicio del operativo del Gobierno francés para despejar el campamento improvisado conocido como "La Jungla".

Los primeros autobuses partieron una hora después de que los trabajadores de inmigración comenzaron la operación. Fuentes oficiales estimaron que unas 2.500 personas abandonarían el campamento en el primer día.

Policías armados se distribuían por todas las instalaciones y a lo largo del poblado, después de una noche en la que pequeños grupos de inmigrantes quemaron baños portátiles y tiraron piedras a las fuerzas de seguridad en protesta por los planes de desmantelar el campo.

El Gobierno socialista dice que está cerrando el campo, que acoge a 6.500 inmigrantes que han huido de la guerra y la pobreza, por razones humanitarias. Planea reasentarlos en 450 centros repartidos por el país.

"Espero que esto funcione. Estoy solo y sólo tengo que estudiar", dijo Amadou Diallo de la africana Guinea Conakry. "No me importa dónde acabe, no me preocupa", sostuvo.

El portavoz del Ministerio del Interior francés, Pierre-Henry Brandet, dijo que las autoridades no habían tenido necesidad de recurrir al uso de la fuerza y que la amplia presencia policial el lunes en el campamento era solo por razones de seguridad.

Muchos de los inmigrantes y refugiados han llegado de países como Afganistán, Siria y Eritrea y su intención era alcanzar Reino Unido, que rechaza a la mayoría en base a la normativa de la Unión Europea que requiere que pidan asilo en el primer país europeo al que llegan.

No obstante, desde el comienzo de la operación permanece incierto el futuro de 1.300 inmigrantes menores no acompañados.

Están en marcha conversaciones con Reino Unido sobre quién debería hacerse cargo de los menores sin vínculos familiares con el país británico, señaló el portavoz, que añadió que unos 200 se marcharon a Reino Unido la semana pasada.

Trabajadores sociales repar bolsas con provisiones básicas y folletos que explican la burocracia a la que se tendrán que enfrentar. Los inmigrantes serán separados por familias, adultos, menores no acompañados y personas vulnerables, incluidas personas mayores y mujeres solas.

(Reporte de Matthias Blamont. Escrito por Richard Lough. Traducido por Redacción de Madrid. Editado en español por Marion Giraldo)

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The FBI’s Clinton Probe Gets Curiouser

New evidence of a conflict of interest and a double standard.

Updated Oct. 24, 2016 7:43 p.m. ET
FBI Deputy Director Andrew McCabe in Washington July 20, 2016. ENLARGE
FBI Deputy Director Andrew McCabe in Washington July 20, 2016. Photo: Reuters

Hillary Clinton may win the election in two weeks, but the manner of her victory will bedevil her in the White House. Specifically, evidence keeps turning up suggesting that the FBI probe into her emails was influenced by political favoritism and double standards.

The latest news is the Journal’s report Monday that Virginia Gov. Terry McAuliffe, a longtime friend of Hillary and Bill, steered money to the campaign of the wife of a top FBI official. Political organizations under Mr. McAuliffe’s control gave more than $675,000 to the 2015 Virginia state Senate campaign of Jill McCabe, the wife of FBI deputy director Andrew McCabe. Mr. McCabe, director James Comey’s right-hand man, helped oversee the probe into whether Mrs. Clinton mishandled classified information on her server.

Some $467,500 of the money came directly from Mr. McAuliffe’s political action committee, Common Good VA, while $207,788 came from the Virginia Democratic Party, which the Governor essentially controls. The funds amounted to more than one-third of all the money Mrs. McCabe raised.

Mrs. McCabe announced her candidacy the same month (March 2015) as the news broke about Mrs. Clinton’s private email server. Mr. McCabe was running the FBI’s Washington field office at the time, and he was promoted to the No. 3 FBI slot not long after the formal FBI investigation began in July 2015.

The FBI said in a statement that none of this is an issue because Mr. McCabe wasn’t promoted to the No. 2 position until February 2016, months after his wife lost her race, and only then did he assume “for the first time, an oversight role in the investigation into Secretary Clinton’s emails.”

All of this asks voters to believe that Mr. McCabe as the No. 3 official at the FBI had nothing to do with the biggest, most sensitive case at that agency. This strains credulity. Before he became No. 3 at the FBI Mr. McCabe ran the bureau’s Washington, D.C. field office that provided resources to the Clinton probe. Campaign-finance records show that 98% of the McAuliffe donations to Mrs. McCabe came after the FBI launched its Clinton probe.

Director Comey, the self-styled Boy Scout, somehow didn’t think any of this would look suspicious? Add this to the list of special treatment for Mrs. Clinton: no grand jury, grants of immunity to her aides, no interview until the last minute, a special exonerating public declaration, and a pre-Labor Day dump of damaging FBI notes.

The contrast couldn’t be greater with the FBI and Justice Department determination to convict retired Gen. James Cartwright—former vice chairman of the Joint Chiefs of Staff—of a felony for lying to the FBI. The general told a federal court last week he regretted he didn’t tell the bureau the truth about conversations he’d had with reporters about a secret cyberattack disrupting Iran’s nuclear program. He could serve up five years in prison.

“People who gain access to classified information after promising not to disclose it must be held accountable when they willfully violate that promise,” said U.S. Attorney Rod Rosenstein in a press release.

“We conducted a thorough and independent investigation included [sic] collecting tens of thousands of documents through subpoenas, search warrants and document requests, and interviewing scores of current and former government employees. The evidence showed that General Cartwright disclosed classified information without authorization to two reporters and lied to federal investigators. As a result, he stands convicted of a federal felony offense and faces a potential prison sentence.”

This is comical coming from the same folks who gave away immunity deals like candy in their probe of Mrs. Clinton. Gen. Cartwright wasn’t even the original source of the Iran leaks. The general says he confirmed details the reporters already had in an effort to prevent them from publishing information that could harm America’s national security.

Though Mrs. Clinton didn’t leak to reporters, her personal server exposed national secrets to potential hackers, and she gave a number of people (including some of her attorneys) without proper clearances access to that information. When Gen. Cartwright became the subject of an investigation, he was stripped of his security clearance—which never happened to Mrs. Clinton.

Maybe the general should have run for the Democratic nomination. Enough red flags have been raised about the McCabe-Comey investigation of Mrs. Clinton that it deserves to be the subject of an investigation by Congress. Let’s get some of the FBI agents under oath and see what they think of the Comey procedures. If it’s all on the up and up, they have nothing to fear from public transparency.

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Apple Boosted by IPhone 7 Demand, Slowing Pace of Sales Decline

Alex Webb atbwebb October 25, 2016 — 6:00 AM EDT
Apple Inc.’s fourth-quarter results were bolstered by robust early demand for the iPhone 7, analysts predicted, helping slow the pace of a sales slump for the world’s most valuable company.

After releasing a new version of its bestselling device in September, Apple likely sold 45 million units of all types of iPhones in the most-recent fiscal quarter ending Sept. 24, according to Wall Street estimates. Revenue probably slipped for a third straight quarter, by 9 percent, though that’s smaller than the 15 percent decline in the preceding period, forecasts indicate.

Unlike previous smartphone rollouts, Apple didn’t publish first-weekend sales data after the iPhone 7’s Sept. 16 release. That means the company’s fiscal fourth-quarter results, due after the market closes on Tuesday, will give the first major clues on how consumers responded to the new device.

Apple benefited from an earlier product launch this time, giving the company a week longer than usual to market the device. Even so, Apple’s growth is being held back by rising competition from lower priced alternatives, especially in China, and smartphone saturation in many parts of the world. Shortfalls in components are also putting a lid on iPhone supply, analysts said.

Apple will likely guide that “iPhone 7 is off to a good start, but supply remains constrained,” Piper Jaffray analyst Gene Munster wrote in a note to investors on Sunday. He rates Apple shares overweight, or buy.

For other analysts, the iPhone 7 is a stopgap ahead of a more significant upgrade in 2017 to coincide with the 10-year anniversary of the first iPhone.

“IPhone 7 is proving an effective ‘bridge’ to the iPhone 10 super-cycle in 2017, where a powder keg of a dramatically aging installed base lurks just under the surface,” Cowen & Co. analyst Tim Arcuri said in a note to clients last week.

Chief Executive Officer Tim Cook may be relieved to see the back of the 2016 fiscal year. The company likely endured its first annual revenue decline in 15 years as global smartphone demand ebbed. Share buybacks and a beefed-up dividend helped limit the repercussions for Apple shares, which declined slightly over the course of the year. The S&P 500 climbed 12 percent in the same period.


Investors will be particularly focused on China, where Apple’s sales decline has been more pronounced. Competition has increased in Asia’s largest economy from local rivals offering cheaper phones with similar specifications. There were 32 percent fewer iPhones activated in China in Apple’s fiscal fourth quarter compared with a year earlier, according to an estimate from research firm JL Warren Capital LLC.

The iPhone 7 was released a week earlier than prior models, which is likely to boost fourth-quarter sales, according to Goldman Sachs analyst Simona Jankowski. Apple has struggled to meet demand for the device, which has been boosted by the problems endured by competitor Samsung Electronics Co. Ltd., she said. That could help Apple’s sales in the crucial holiday quarter.

The South Korean company recently ended production of its flagship Galaxy Note 7 handset after some devices caught fire. When Apple reports results on Tuesday, it will also provide a sales forecast for the final months of 2016. Analysts currently anticipate sales of $75.3 billion for that period, in line with its revenue a year earlier.

With the smartphone market slowing, Apple has placed greater emphasis on its services business, which includes iTunes, iCloud and the App Store. The division has become Apple’s fastest growing and in the latest quarter it likely benefited from the popularity of Pokemon Go, according to Piper Jaffray’s Munster. The augmented reality game was introduced at the start of July and Apple takes a 30 percent cut of any sales when the game is played on its devices, via its App Store.

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Metals Jump on Economic Optimism as Rand Strengthens With Miners

Lukanyo Mnyanda LukanyoMnyanda James Regan October 24, 2016 — 7:12 PM EDT Updated on October 25, 2016 — 7:16 AM EDT
Metals are regaining their luster, a sign the global economy is becoming more resilient, helping to boost stocks and currencies of commodity-producing nations.

Iron ore surged by the daily limit of 6 percent on the Dalian Commodity Exchange and rising steel prices in China spurred a rally from aluminum to zinc. Currencies of resource-exporting nations, South Africa and Australia, led gains versus the dollar. The Stoxx Europe 600 Index headed for its strongest close in three weeks as earnings reports fueled optimism about the profitability of the region’s companies. Austrian and U.K. government bonds were weighed down by new supply.


Industrial metals have gained steadily this year with an index of London Metal Exchange contracts poised for the first annual increase since 2012 as a pickup in manufacturing in the U.S. and euro area point to an economy that’s getting more robust. A report Tuesday showing German business sentiment rose to the highest level in more than two years in October added to the sense of optimism. Caterpillar Inc. is among companies scheduled to release earnings that may provide more insight on the sustainability of the recovery in energy and mining. Apple Inc. is due to announce earnings after markets close Tuesday.

“We’ve had a whole host of better-than-expected manufacturing data,” said Ole Hansen, the head of commodity strategy at Saxo Bank A/S in Hellerup, a Copenhagen suburb. “Strong gains in China, led by steel and iron ore, are supporting the sentiment, which in turn has attracted increased speculative trading across the metals space.”

Commodities

After three years of slumping prices as mine supply rose and Chinese growth slowed, iron ore has gained 36 percent in 2016. China steelmakers, which produce half the world’s output, have fired up plants after stronger demand boosted prices and expanded profit margins.

Zinc, used to galvanize steel, jumped 2.5 percent at 7:06 a.m. in New York, after surging to a five-year high on the Shanghai Futures Exchange, while hot rolled steel coil climbed to levels last seen in April. Coking coal, necessary for steel production, rallied to an all-time high on tight supplies. Aluminum, copper and nickel all gained at least 2 percent on the LME.

Crude oil rose 0.5 percent to $50.76 a barrel in New York, having declined 0.7 percent on Monday after Iraq said it should be exempted from planned production cuts being orchestrated by the Organization of Petroleum Exporting Countries. The head of OPEC is set to visit Baghdad on Tuesday for talks aimed at resolving the matter.

Stocks

The Stoxx 600 rose 0.1 percent, with miners leading gains. Orange SA gained 1.6 percent after posting an increase in quarterly profit.

Randstad Holding NV rose 1.2 percent after announcing better-than-estimated revenue and saying growth trends were resilient across regions. Luxottica Group SpA jumped 7.7 percent after the maker of Ray-Ban sunglasses said sales growth will accelerate in 2017.

Banca Monte dei Paschi di Siena SpA swung between gains of as much as 27 percent and a loss of 23 percent, after Chief Executive Officer Marco Morelli pledged to begin talks with investors to help raise capital as he seeks to return the ailing lender to profit.

S&P 500 Index futures were little changed. U.S. equities added 0.5 percent on Monday as deal activity boosted sentiment. Merck & Co. gained 2.2 in early trading in New York after third-quarter profit topped analysts’ estimates, helped by better-than expected sales of the vaccine Gardasil and the antibiotic Cubicin. Procter & Gamble Co., the world’s largest consumer-products company, posted first-quarter profit that topped analysts’ estimates.

Currencies

South Africa’s rand rose 0.6 percent, followed by a 0.4 percent gain for the Brazilian real amid amid a pickup in commodities prices. They were among the few to advance versus the greenback, which is being supported by speculation that the economy is strong enough for the Federal Reserve to increase interest rates.

The Bloomberg Dollar Spot Index held near its highest level since March as fed fund futures prices Monday indicated there’s a 71 percent chance of a rate increase this year, up from 68 percent last week. The gauge gained in the last session as Fed Bank of Chicago President Charles Evans said it’s likely that interest rates will be hiked three times by the end of 2017.

Canada’s dollar weakened 0.2 percent, erasing most of the last session’s rebound from a seven-month low, after central bank Governor Stephen Poloz clarified earlier remarks that had curbed speculation interest rates will be cut. Poloz said he wasn’t referring to monetary policy when he told lawmakers that the best plan was “to wait for the next 18 months or so.”

The yuan held near a six-year low in Shanghai and reached its weakest level on record in the offshore market, which began trading in 2010. The onshore exchange rate declined in all but one of this month’s 11 trading sessions through Monday, a sign the central bank has reduced support since the currency’s inclusion in the International Monetary Fund’s Special Drawing Rights on Oct. 1.

Bonds

Austria’s 2062 bonds, the nation’s longest-dated outstanding debt, declined for a third day, with the yield rising two basis points higher to 1.20 percent.

The country was said to be selling securities maturing in 2086, expanding the exclusive club of European nations that have sold debt due in more than 50 years.

The yield on 2068 gilts rose four basis points higher to 1.59 percent, with Britain selling bonds maturing in 2065 via banks.

Yields on Treasuries due in a decade were two basis points higher at 1.78 percent, after climbing three basis points on Monday.

U.S. yields will have to rise if Evans proves to be correct in his rates predictions for 2017, according to Kim Youngsung, head of overseas investment at South Korea’s Government Employees Pension Service in Seoul.

After one increase “for sure” in December, two more in 2017 will send the 10-year yield past 2.5 percent, Kim said. Economists predict the benchmark will end next year at 2.14 percent, according to a Bloomberg survey with the most recent forecasts given the heaviest weightings.

Japan’s 20-year government bonds rose for a fourth day after demand picked up at an auction of the securities on Tuesday. The yield fell 1/2 a basis point to 0.37 percent, matching its lowest level of the past three weeks.

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17365.25 130.83 0.76%
Stoxx Europe 600 344.06 -0.20 -0.06%
UK: FTSE 100 7023.13 36.73 0.53%
CURRENCIES9:23 AM EDT 10/25/2016
LAST(MID) CHANGE
Euro (EUR/USD) 1.0863 -0.0018
Yen (USD/JPY) 104.84 0.65
Pound (GBP/USD) 1.2119 -0.0119
Australia $ (AUD/USD) 0.7624 0.0013
Swiss Franc (USD/CHF) 0.9996 0.0060
WSJ Dollar Index 88.88 0.29
GOVERNMENT BONDS9:22 AM EDT 10/25/2016
PRICE CHG YIELD
U.S. 10 Year -1/32 1.772
German 10 Year -3/32 0.034
Japan 10 Year 3/32 -0.063
FUTURES9:13 AM EDT 10/25/2016
LAST CHANGE % CHG
Crude Oil 50.23 -0.29 -0.57%
Brent Crude 51.11 -0.35 -0.68%
Gold 1268.4 4.7 0.37%
Silver 17.685 0.081 0.46%
E-mini DJIA

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18200.02 -23.01 -0.13%
Nasdaq 5305.21 -4.62 -0.09%
S&P 500 2148.34 -2.99 -0.14%
Russell 2000 1226.45 8.35 0.69%
Global Dow 2455.48 -1.37 -0.06%
Japan: Nikkei 225 17365.25 130.83 0.76%
Stoxx Europe 600 343.73 -0.53 -0.15%
UK: FTSE 100 7022.27 35.87 0.51%
CURRENCIES9:33 AM EDT 10/25/2016
LAST(MID) CHANGE
Euro (EUR/USD) 1.0858 -0.0022
Yen (USD/JPY) 104.83 0.65
Pound (GBP/USD) 1.2125 -0.0113
Australia $ (AUD/USD) 0.7625 0.0014
Swiss Franc (USD/CHF) 0.9990 0.0054
WSJ Dollar Index 88.88 0.29
GOVERNMENT BONDS9:33 AM EDT 10/25/2016
PRICE CHG YIELD
U.S. 10 Year -3/32 1.779
German 10 Year -4/32 0.036
Japan 10 Year 3/32 -0.063
FUTURES9:23 AM EDT 10/25/2016
LAST CHANGE % CHG
Crude Oil 50.25 -0.27 -0.53%
Brent Crude 51.13 -0.33 -0.64%
Gold 1268.8 5.1 0.40%
Silver 17.695 0.091 0.52%
E-mini DJIA 18124 -10 -0.06%
E-mini S&P 500 2143.00

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Gobierno chileno designa a economista Mario Marcel como presidente del Banco Central

SANTIAGO (Reuters) - El gobierno chileno designó el martes al economista Mario Marcel como nuevo presidente del Banco Central en reemplazo del actual jefe de la entidad, Rodrigo Vergara, quien terminará su período en las próximas semanas.

El anuncio fue realizado por la presidenta chilena, Michelle Bachelet, quien agradeció la labor ejercida por Vergara.

Marcel, actual consejero del Banco Central, agradeció el nombramiento y admitió que será "un desafío muy grande" encabezar "una de las instituciones más sólidas de Chile".

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Ganancia de P&G supera expectativa por recorte de costos y demanda de productos para el hogar

(Reuters) - Procter & Gamble Co, el fabricante del detergente Tide y los pañales Pampers, reportó una utilidad trimestral mejor a la esperada, ayudado por una reducción de costos y una demanda más sólida de productos para el cuidado femenino, de bebés y del hogar.

Las acciones de P&G subían 2,2 por ciento a 86,00 dólares en las operaciones previas a la apertura del mercado el martes.

La compañía ha estado desprendiéndose de marcas no rentables y focalizándose en productos insignia como Tide, Pampers y Gillette para reactivar unas alicaídas ventas. P&G vendió 41 de sus marcas, incluidas Clairol y Wella, a Coty Inc, en un acuerdo de 12.500 millones de dólares cerrado este mes.

P&G también está reduciendo costos mediante un plan a varios años con el que pretende ahorrar hasta 10.000 millones de dólares.

La firma con sede en Cincinnati, Ohio, dijo que su ganancia neta atribuible a la compañía subió a 2.710 millones de dólares, o 96 centavos por acción, en el primer trimestre del año fiscal, que terminó el 30 de septiembre, desde 2.600 millones de dólares, o 91 centavos por papel, un año antes.

Excluyendo ítems, P&G ganó 1,03 dólar por acción por operaciones constantes, superando levemente el promedio estimado por analistas de 98 centavos por papel, según Thomson Reuters I/B/E/S.

Las ventas netas se mantuvieron prácticamente sin cambios en 16.520 millones de dólares, aunque se ubicaron por encima de la proyección promedio de analistas de 16.490 millones de dólares.

Las ventas trimestrales de P&G han estado cayendo por más de tres años, como consecuencia de que la empresa ha ido reduciendo su cartera de marcas.

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Fabricante de adhesivos Post-it 3M recorta estimaciones para 2016 por segunda vez

(Reuters) - La compañía 3M Co, fabricante de la cinta Scotch y los adhesivos Post-it, recortó sus estimaciones de ingreso y ganancia para todo el año por segunda vez, debido a una desaceleración en las ventas en los mercados emergentes.

Las acciones de la empresa caían 1,5 por ciento a 168,75 dólares en las operaciones previas a la apertura del mercado el martes.

3M dijo que ahora prevé un ingreso plano para este año, excluyendo el efecto del tipo de cambio. Previamente, la compañía había proyectado ventas entre planas y con un alza del 1 por ciento.

La desaceleración del crecimiento en mercados emergentes, entre ellos China, y la fortaleza del dólar perjudicaron a 3M, que obtiene casi dos tercios de sus ingresos de mercados fuera de Estados Unidos.

Las ventas orgánicas de 3M en moneda local en la región Asia-Pacífico cayeron 2,2 por ciento en el tercer trimestre, que terminó el 30 de septiembre, la caída más drástica entre sus regiones geográficas.

La empresa proyectó ganancias en todo el año de entre 8,15 y 8,20 dólares por acción, algo por debajo de su estimación previa de entre 8,15 y 8,30 dólares por papel.

Analistas habían estimado en promedio utilidades en 2016 de 8,22 dólares por acción, sobre un ingreso de 30.160 millones de dólares, según Thomson Reuters I/B/E/S.

La ganancia neta atribuible a la compañía subió a 1.330 millones de dólares, o 2,15 dólares por papel, en el tercer trimestre, desde 1.300 millones de dólares o 2,05 dólares por acción un año atrás. Las ventas netas se mantuvieron estables en 7.710 millones de dólares.

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Consumer confidence declines in October, after monthly gains http://www.cnbc.com/id/104042554
http://www.cnbc.com/id/104042554

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US home prices rose 5.3% in August: S&P/Case-Shiller http://www.cnbc.com/id/104043328
http://www.cnbc.com/id/104043328

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General Motors third-quarter earnings widely beat expectations http://www.cnbc.com/id/104043272
http://www.cnbc.com/id/104043272

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18187.73 -35.30 -0.19%
Nasdaq 5291.13 -18.70 -0.35%
S&P 500 2145.03 -6.30 -0.29%
Russell 2000 1216.30 -10.15 -0.83%
Global Dow 2454.01 -2.84 -0.12%
Japan: Nikkei 225 17365.25 130.83 0.76%
Stoxx Europe 600 343.04 -1.22 -0.35%
UK: FTSE 100 7030.14 43.74 0.63%
CURRENCIES11:06 AM EDT 10/25/2016
LAST(MID) CHANGE
Euro (EUR/USD) 1.0868 -0.0013
Yen (USD/JPY) 104.55 0.37
Pound (GBP/USD) 1.2145 -0.0093
Australia $ (AUD/USD) 0.7637 0.0026
Swiss Franc (USD/CHF) 0.9961 0.0025
WSJ Dollar Index 88.75 0.16
GOVERNMENT BONDS11:06 AM EDT 10/25/2016
PRICE CHG YIELD
U.S. 10 Year 6/32 1.746
German 10 Year 2/32 0.019
Japan 10 Year 3/32 -0.063
FUTURES10:56 AM EDT 10/25/2016
LAST CHANGE % CHG
Crude Oil 49.95 -0.57 -1.13%
Brent Crude 50.74 -0.72 -1.40%
Gold 1270.9 7.2 0.57%
Silver 17.675 0.071 0.40%
E-mini DJIA 18087 -47 -0.26%
E-mini S&P 500