Miercoles 13/11/19 Inflación

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ST CHG %CHG
Euro (EUR/USD) 1.1005 -0.0004 -0.04
Japanese Yen (USD/JPY) 108.86 -0.16 -0.15
U.K. Pound (GBP/USD) 1.2833 -0.0011 -0.09
Swiss Franc (USD/CHF) 0.9901 -0.0029 -0.29
Chinese Yuan (USD/CNY) 7.0218 0.0139 0.20
U.S. Dollar Index 98.36 0.05 0.

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COUNTRY YIELD(%) YIELD CHG
Germany 10 Year -0.289 -0.039
U.K. 10 Year 0.751 -0.058
Japan 10 Year -0.047 -0.012
Australia 10 Year 1.283 -0.012
China 10 Year 3.258

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Copper November 13,08:19
Bid/Ask 2.6432 - 2.6436
Change -0.0164 -0.62%
Low/High 2.6391 - 2.6601
Charts

Nickel November 13,08:19
Bid/Ask 7.0367 - 7.0390
Change -0.0491 -0.69%
Low/High 6.9702 - 7.1411
Charts

Aluminum November 13,08:18
Bid/Ask 0.8039 - 0.8044
Change -0.0064 -0.78%
Low/High 0.8028 - 0.8132
Charts

Zinc November 13,08:19
Bid/Ask 1.1275 - 1.1284
Change -0.0132 -1.16%
Low/High 1.1223 - 1.1484
Charts

Lead November 13,08:19
Bid/Ask 0.9303 - 0.9308
Change -0.0122 -1.30%
Low/High 0.9303 - 0.9496
Charts

Uranium Nov 11, 2019
Ux U308 price: 24.65
Change from
previous week

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https://lta.reuters.com/articulo/litio- ... AKBN1XN1MM

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https://lta.reuters.com/articulo/mercad ... AKBN1XN1C9

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https://www.wsj.com/articles/alibabas-s ... 54?mod=mhp

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Los precios suben 0.4%

US consumer prices rise 0.4% in October, slightly higher than estimates
PUBLISHED UPDATED MOMEN

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The lagging manufacturing sector may be about to rebound, according to a reliable indicator
PUBLISHED 52 MINS AGO

Patti Domm
@pattidomm
CNBC.COM
Chip stocks may be pointing to a rebound in the broader manufacturing sector, which has been in contraction since the summer, according to key data.
There appears to be a correlation between the ISM manufacturing index and the performance of the SOX Philadelphia Semiconductor Index, so ISM may be getting ready to follow the SOX higher.
A rebound in manufacturing is likely because the slowdown has not spread to other parts of the economy, according to Natixis economist Joseph LaVorgna.
An employee inspects semiconductor chips.
Dario Pignatelli | Bloomberg | Getty Images
An employee inspects semiconductor chips.
Chip stocks may be pointing the way to a rebound in the manufacturing economy.
Manufacturing activity has been contracting since the summer, according to the widely watched ISM manufacturing index, but that may be about to change.


Natixis economist Joseph LaVorgna said the performance of semiconductor stocks has diverged sharply from the ISM recently, with the PHLX Semiconductor sector index (SOX) springing higher, while the ISM continues to point lower. Typically the two move in tandem, and the divergence is unusual.
"There's a massive gap between the two...It suggests there should be some upside in the ISM," he said. Chip manufacturers are economically sensitive, and they can improve and decline ahead of other sectors.

Source: Natixis
Bank of America Merrill Lynch strategists also pointed to the rising SOX index as a signal that manufacturing may be on the cusp of a rebound. "We are bullish macro," they wrote. They said the surge in the SOX implies the ISM manufacturing index should be at a level greater than 55 over the next three months.
"These manufacturing cycles tend to be self-correcting. I'm guessing the sector self-corrects. The rest of the economy looks okay," said LaVorgna, chief economist Americas. "Unless it leads to layoffs, which it hasn't, it's going to burn itself out."
ISM manufacturing for October was 48.9, in contraction for a third month but improved over the 48.3 in September. Anything below 50 signals contraction. The November report is expected Dec. 2.
LaVorgna said he's become convinced that the malaise in manufacturing will be short lived since it is showing no signs of spreading into other parts of the economy. Manufacturing is also cyclical and periods of contraction are normal during long business cycles, he said.

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Weekly mortgage applications jump to highest level in over a month, as borrowers worry that lower rates may be over
PUBLISHED 1 HOUR AGO

Diana Olick
@DianaOlick
CNBC.COM
Mortgage application volume rose 9.6% last week compared with the previous week, according to the Mortgage Bankers Association.
Refinance demand, which is most sensitive to small rate moves, increased 13% from the previous week and was 188% higher than a year ago, when interest rates were 114 basis points higher.
Potential homebuyers exit an open house in Redondo Beach, California.
Patri T. Fallon | Bloomberg | Getty Images
Potential homebuyers exit an open house in Redondo Beach, California.
Mortgage rates are turning higher again, and that was likely behind a major surge in mortgage application volume last week.
This often happens at the start of a rising rate cycle, as borrowers realize rates may have hit bottom and rush to get in before they move even higher.
Total mortgage application volume rose 9.6% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

Refinance demand, which is most sensitive to small rate moves, increased 13% from the previous week and was 188% higher than a year ago, when interest rates were 114 basis points higher.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) increased to 4.03% from 3.98%, with points decreasing to 0.31 from 0.37 (including the origination fee) for loans with a 20% down payment.
"Positive data on consumer sentiment, and growing optimism surrounding the U.S. and China trade dispute, were behind last week's rise in the 30-year fixed mortgage rate," said Joel Kan, the MBA's associate vice president of economic and industry forecasting. "With rates still in the 4% range, we continue to expect to see moderate growth in refinance activity in the final weeks of 2020."
Homebuyers may also have been pushed off the fence by a potential rising rate environment. Mortgage applications to purchase a home rose 5% for the week and were a sharp 15% higher than one year ago. Buyer demand is high right now but is being tempered by a short supply of homes for sale, especially at the entry level.
"Low supply and high home prices remain a key characteristic of this fall's housing market, which is why the largest growth in activity continues to be in loans with higher loan balances," added Kan.
The refinance share of mortgage activity increased to 61.9% of total applications from 59.5% the previous week. The adjustable-rate mortgage share of activity decreased to 4.9% of total applications.
Mortgage rates were volatile in October and are now at their highest level in three months and could move steadily higher, given the increase in bond yields. Mortgage rates loosely follow the yield on the 10-year Treasury.
"All of the above could be part of a bigger shift away from the prevailing trend toward lower rates and into a new trend of rising rates," wrote Matthew Graham, chief operating officer at Mortgage News Daily. "This newer, unfriendlier trend arguably tried to make an appearance in mid-September but was quickly shut down as rates nearly returned to the super-long-term lows seen earlier that month. Notably though, they failed to make it all the way back down to those lows, and that can be an early warning sign of a shift in the bigger picture trend."

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Google is getting into banking with the search giant set to offer checking accounts next year
PUBLISHED 1 HOUR AGO UPDATED 21 MINS AGO

Jeff Cox
@JeffCoxCNBCcom
CNBC.COM
Google plans to offer checking accounts next year, according to the Wall Street Journal.
The project, code-named Cache, will be run in conjunction with Citigroup and the Stanford Federal Credit Union.
Google will offer checking accounts next year, according to a source familiar with the company's plans, representing big tech's boldest move yet into the consumer banking business as most have focused on credit cards and payment platforms.
The accounts for the project will be run by Citigroup and the Stanford Federal Credit Union. The Wall Street Journal was first to report the offering.
As part of a project code-named Cache, the company will become the latest Silicon Valley leader to try its hand at the banking space. Previous attempts by Apple and Facebook faced obstacles, with consumers growing increasingly skeptical over providing big tech companies with their personal information.

Google does not intend to sell customers' data, Caesar Sengupta, an executive at the firm, told the Journal.
"If we can help more people do more stuff in a digital way online, it's good for the internet and good for us," Sengupta said.
Apple's offering has run into multiple issues. Its partnership with Goldman Sachs has been tense after Apple said it created the card without help from a bank. Also, complaints have arisen recently that the algorithm used to determine customers' credit limits is biased toward men.
Facebook's foray into digital currency saw major financial backers drop out over regulatory concerns.
Democratic Sen. Mark Warner from Virginia, a leading voice on regulating tech companies on Capitol Hill, told CNBC on Wednesday, "I'm concerned when we got, whether it's libra or the Google proposal, ... these giant tech platforms entering into new field,s before there are some regulatory rules of the road."
"Because once they get in, the ability to extract them out is going to virtually impossible," said Warner, who was a tech entrepreneur before he got into politics. He was the governor of Virginia from 2002 to 2006.
Google's plans are to brand the checking accounts with the financial institutions' names, not its own.
—With reporting by John Melloy and Matthew Belvedere.

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-19.50

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Powell: la perspectiva económica permanece favorable.

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HG %CHG
DJIA 27663.85 -27.64 -0.10
S&P 500 3085.86 -5.98 -0.19
Nasdaq Composite 8466.87 -19.22 -0.23
Japan: Nikkei 225 23319.87 -200.14 -0.85
UK: FTSE 100 7336.82 -28.62 -0.39
Crude Oil Futures 56.48 -0.32 -0.56
Gold Futures 1463.70 10.00 0.69
Yen 108.78 -0.23 -0.21
Euro 1.1003

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LAST CHG %CHG
DJIA 27682.83 -8.66 -0.03
S&P 500 3089.08 -2.76 -0.09
Nasdaq Composite 8477.75 -8.34 -0.10
Japan: Nikkei 225 23319.87 -200.14 -0.85
UK: FTSE 100 7345.50 -19.94 -0.27
Crude Oil Futures 57.28 0.48 0.85
Gold Futures 1463.70 10.00 0.69
Yen 108.75 -0.27 -0.24
Euro 1.1012 0

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