Miercoles 21/02/18 PMI, ventas de casas existentes

[admin]

Dow jumps 250 points after release of Fed minutes
Fred Imbert | Alexandra Gibbs
Published 9 Hours Ago Updated 2 Mins Ago
CNBC.com
U.S. stocks extended gains on Wednesday after the Federal Reserve released a summary of it January meeting.
The Dow Jones industrial average traded 200 points higher. The S&P 500 rose 0.8 percent, with industrials and financials as the best-performing sectors. The Nasdaq composite advanced more than 1 percent as shares of Facebook and Apple traded higher.
The minutes from the Fed's January meeting showed officials see increased economic growth and an uptick in inflation as justification to continue to raise interest rates gradually.

[admin]

CHANGE % CHG
DJIA 25234.73 269.98 1.08%
Nasdaq 7331.59 97.28 1.34%
S&P 500 2745.36 29.10 1.07%
Russell 2000 1549.96 19.97 1.31%
Global Dow 3150.87 23.78 0.76%
Japan: Nikkei 225 21970.81 45.71 0.21%
Stoxx Europe 600 381.10 0.59 0.16%
UK: FTSE 100 7281

[admin]

Fed minutes: All signs pointing to more rate hikes ahead
Jeff Cox | @JeffCoxCNBCcom
Published 12 Mins Ago Updated 2 Mins Ago
CNBC.com
FOMC members said they have revised upward the economic projections they made at the previous meeting in December.
The January meeting was the last one for Chair Janet Yellen, who had guided the Fed through the first rate normalization steps a decade after the financial crisis.
Markets already were on edge after the January Fed meeting, during which the committee said it expected that "further gradual adjustments" in monetary policy.
PLAY VIDEO
Fed: Upward trajectory for rates would be appropriate
Federal Reserve officials see increased economic growth and an uptick in inflation as justification to continue to raise interest rates gradually, according to minutes from the central bank's latest meeting.
Though the policymaking Federal Open Market Committee chose not to hike its target rate at the Jan. 30-31 gathering, members indicated clearly that the path ahead for rates was higher.
Officials concluded that "upside risks" to economic growth had increased thanks to tax cuts, increased consumer spending and confidence and a general plethora of signs that growth was moving along at a sustained pace. Members said they have revised upward the economic projections they made at the previous meeting in December.

"A majority of participants noted that a stronger outlook for economic growth raised the likelihood that further gradual policy firming would be appropriate," the summary stated.
"Almost all participants" saw inflation moving up to the Fed's 2 percent inflation goal over the "medium term" as growth "remained above trend and the labor market stayed strong."
Jerome Powell looks on after a swearing-in ceremony February 5, 2018 at the Federal Reserve in Washington, DC.
Getty Images
Jerome Powell looks on after a swearing-in ceremony February 5, 2018 at the Federal Reserve in Washington, DC.
The meeting was the last one for Chair Janet Yellen, who had guided the Fed through the first normalization steps following the ultra-accommodative moves taken due to the financial crisis. She gives way to Jerome Powell, who moves up from a Fed governor position and is expected largely to carry on Yellen's strategy of gradual rate hikes.
Investors have been watching the inflation picture closely, with worries growing that the Fed may decide to move more quickly than expected if officials deem that policy is too loose for a growing economy.
The remarks came before the release of two government indicators showing even more pressures: a 2.9 increase in average hourly wages for January and an unexpectedly strong 0.5 percent monthly gain in the consumer price index.
Markets already were on edge after the January Fed meeting, during which the committee said it expected that "further gradual adjustments" in monetary policy would be necessary particularly given the progress of inflation towards the 2 percent goal. The two data points, coupled with the somewhat hawkish Fed statement, rocked markets, helping send major stock market averages briefly into a correction.
Inflation was a popular topic of conversation during the meeting.
Officials deemed that core personal consumption – excluding food and energy – likely will run "notably faster in 2018." The 2017 level was mired around 1.5 percent for 2017. The Fed's preferred inflation measure is the personal consumption expenditures index.
"Members expected that economic conditions would evolve in a manner that would warrant further gradual increases in the federal funds rate," the minutes stated. "They judged that a gradual approach to raising the target range would sustain the economic expansion and balance the risks to the outlook for inflation and unemployment."
The market widely expects the Fed to approve a quarter-point increase at the March meeting that would take the rate up to a target range of 1.5 percent to 1.75 percent. The rate is tied to most consumer debt. In addition to gradually increasing rates the committee also is slowly unwinding its portfolio of bonds, or balance sheet.
Officials said they probably underestimated the effects that the tax cuts passed in December would have on spending and growth. However, they remained unsure of how substantially the cuts would impact wages.
Hundreds of companies have issued one-time bonuses to workers. Committee members said that in discussions with business contacts, it was unclear how long-lasting those cash injections would be.
Data they had seen up to the point of the January meeting showed "few signs of a broad-based pickup in wage growth."
"With regard to how firms might use part of their tax savings to boost compensation, a few participants suggested that such a boost could be in the form of onetime bonuses or variable pay rather than a permanent increase in wage structures," the minutes stated. "It was noted that the pace of wage gains might not increase appreciably if productivity growth remains low. That said, a number of participants judged that the continued tightening in labor markets was likely to translate into faster wage increases at some point."
Committee members also discussed conditions in the financial markets.
As of the meeting, the market had continued to hum along after getting off to its fastest start ever in 2018. Stocks did not start tailing off until after the meeting, particularly when the Labor Department reported on Feb. 2 the boost in hourly earnings.
FOMC members considered market valuations at that point to be "elevated" and the product of "broad-based appetite for risk among investors." Some members cautioned that the Fed should be careful that "imbalances in financial markets may begin to emerge" as growth improves, and that the central bank also should monitor financial stability particularly against the prospects for lowered regulations.

[admin]

https://lta.reuters.com/article/busines ... 52HM-OUSLB

[admin]

LAST CHANGE % CHG
DJIA 25120.88 156.13 0.63%
Nasdaq 7302.14 67.83 0.94%
S&P 500 2733.73 17.47 0.64%
Russell 2000 1550.88 20.89 1.37%
Global Dow 3138.73 11.64 0.37%
Japan: Nikkei 225 21970.81 45.71 0.21%
Stoxx Europe 600 381.10 0.59 0.16%
UK: FTSE 100 7281

[admin]

LAST CHANGE % CHG
DJIA 24797.78 -166.97 -0.67%
Nasdaq 7218.23 -16.08 -0.22%
S&P 500 2701.33 -14.93 -0.55%
Russell 2000 1535.60 5.61 0.37%
Global Dow 3119.70 -7.39 -0.24%
Japan: Nikkei 225 21970.81 45.71 0.21%
Stoxx Europe 600 381.10 0.59 0.16%
UK: FTSE 100 7281.57 34.80 0.48%
CURRENCIES4:09 PM EST 2/21/2018
LAST(MID) CHANGE
Euro (EUR/USD) 1.2293 -0.0045
Yen (USD/JPY) 107.62 0.28
Pound (GBP/USD) 1.3923 -0.0074
Australia $ (AUD/USD) 0.7806 -0.0077
Swiss Franc (USD/CHF) 0.9381 0.0021
WSJ Dollar Index 83.88 0.30
GOVERNMENT BONDS4:09 PM EST 2/21/2018
PRICE CHG YIELD
U.S. 10 Year -14/32 2.938
German 10 Year 5/32 0.722
Japan 10 Year 3/32 0.056
FUTURES3:59 PM EST 2/21/2018
LAST CHANGE % CHG
Crude Oil 61.09 -0.70 -1.13%
Brent Crude 64.93 -0.32 -0.49%
Gold 1326.3 -4.9 -0.37%
Silver 16.520 0.007 0.04%
E-mini DJIA 24795 -153 -0.61%
E-mini S&P 500 2714.50

[admin]

Dow closes more than 150 points lower after 10-year yield hits 4-year high on Fed minutes
Fred Imbert | Alexandra Gibbs
Published 11 Hours Ago Updated 5 Mins Ago
CNBC.com
Stocks closed lower on Wednesday, erasing sharp gains, after interest rates reached fresh multiyear highs following the release of the latest Federal Reserve minutes.
The Dow Jones industrial average closed 167 points lower after rising 303.24 points. The S&P 500 fell 0.6 percent, with real estate sliding nearly 2 percent. The Nasdaq composite closed 0.2 percent lower. The S&P 500 and Nasdaq had risen more than 1 percent each.
"The made it clear that you're going to see more rate hikes," said Quincy Krosby, chief market strategist at Prudential Financial. "The question for the market now is how many."

The minutes from the Fed's January meeting showed officials see increased economic growth and an uptick in inflation as justification to continue to raise interest rates gradually. The central bank said it believes inflation can reach its 2 percent target, but does not think inflation is getting out of hand.
Stocks initially hit session highs after the minutes were released. Dave Lutz, head of ETF trading at JonesTrading, said buy programs were triggered following the minutes' release as the stock market saw them as "a little more dovish" than expected.
Treasury yields and the U.S. dollar whipsawed following the news. The benchmark 10-year note yield initially fell from session highs after the release, but recovered to reach a fresh four-year high above 2.95 percent.

JB Reed | Bloomberg | Getty Images
Stocks fell on Tuesday, with the Dow finishing more than 250 points in the red. The negativity on Wall Street came after shares of Walmart sank, and concerns over a rise in interest rates continued to dwell. The S&P 500 also snapped a six-day winning streak.
"Six-day win streaks have been a fine predictor of short-term future gains over the last five years," said Frank Cappelleri, executive director at Instinet. Before the current one, there were 12 others. … Of those twelve, the SPX was higher two weeks later 11 times (92%) with an average gain of nearly 1%."
"If the SPX has any plans of maintaining this pristine track record, it will have to hang onto a good chunk of last week's huge bounce back," he said. The S&P 500 jumped 4.3 percent last week, notching its biggest weekly gain since 2013.
In data news, the flash U.S. composite purchasing managers' index (PMI) rose to its highest level in more than two year, reaching 55.9, according to IHS Markit. Meanwhile, existing home sales fell for a second straight month in January.
Politics remained in the back of investors' minds as developments into Russia's alleged involvement in the 2016 U.S. presidential election rumble on. On Tuesday, an attorney who is the son-in-law of a Russian oligarch, Alex Van der Zwaan, pleaded guilty to lying to federal authorities investigating alleged links between Russia and the Donald Trump campaign.
In corporate news, Advance Auto Parts was the best-performing stock in the S&P 500, rising more than 8 percent after reporting better-than-expected earnings. The company said it is pleased with its performance given what it calls a difficult sales environment.
—CNBC's Dan Mangan, Peter Schacknow and Kevin Breuninger contributed to this report

[admin]

https://lta.reuters.com/article/worldNe ... 52ER-OUSLW

[admin]

LAST CHANGE % CHG
DJIA 24797.78 -166.97 -0.67%
Nasdaq 7218.23 -16.08 -0.22%
S&P 500 2701.33 -14.93 -0.55%
Russell 2000 1531.84 1.84 0.12%
Global Dow 3119.11 -7.98 -0.26%
Japan: Nikkei 225 21970.81 45.71 0.21%
Stoxx Europe 600 381.10 0.59 0.16%
UK: FTSE 100 7281.57 34.80 0.48%