Miercoles 01/04/20

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https://lta.reuters.com/articulo/salud- ... J4BC-OUSLT

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https://www.wsj.com/articles/global-mar ... 15?mod=mhp

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https://www.wsj.com/articles/blackrock- ... 79?mod=mhp

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SPOT PRICE IS OPEN
Price: US$/lb

Copper April 01,07:38
Bid/Ask 2.1565 - 2.1569
Change -0.0526 -2.38%
Low/High 2.1508 - 2.2128
Charts

Nickel April 01,07:38
Bid/Ask 5.0591 - 5.0613
Change -0.0771 -1.50%
Low/High 5.0387 - 5.1475
Charts

Aluminum April 01,07:37
Bid/Ask 0.6663 - 0.6665
Change -0.0087 -1.28%
Low/High 0.6651 - 0.6780
Charts

Zinc April 01,07:37
Bid/Ask 0.8319 - 0.8326
Change -0.0176 -2.07%
Low/High 0.8229 - 0.8555
Charts

Lead April 01,07:37
Bid/Ask 0.7698 - 0.7707
Change -0.0125 -1.59%
Low/High 0.7682 - 0.7889
Charts

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T CHG %CHG
Crude Oil Futures 20.51 0.03 0.15
Brent Crude Futures 25.47 -0.88 -3.34
Gold Futures 1603.50 6.90 0.43
Silver Futures 14.055 -0.101 -0.71
DJIA Futures 21017 -734 -3.37
S&P 500 Futures 2484.00

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Mortgage applications to buy a home plummet 24% annually as coronavirus slams spring housing
PUBLISHED WED, APR 1 20207:00 AM EDTUPDATED 43 MIN AGO
Diana Olick
@IN/DIANAOLICK
@DIANAOLICKCNBC
@DIANAOLICK
After rising for two weeks, mortgage rates plunged to the lowest level in the Mortgage Bankers Association’s survey.
Refinance applications spiked 26% for the week and were 168% higher than a year ago.
Mortgage applications to purchase a home fell 11% last week and were 24% lower than last year.
WATCH NOW
VIDEO02:55
How coronavirus seems to be splitting the mortgage market
The coronavirus appears to be splitting the mortgage market: More borrowers are refinancing to save money on monthly payments, while potential homebuyers are backing away fast.

Driven entirely by refinancing, total mortgage application volume increased 15.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 67% higher than one year ago, when interest rates were higher.


After rising for two weeks, mortgage rates plunged to the lowest level in the MBA’s survey. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) decreased to 3.47% from 3.82%, with points decreasing to 0.33 from 0.35 (including the origination fee) for loans with a 20% down payment. That rate was 89 basis points higher one year ago.

As a result, refinance volume surged again. Those applications spiked 26% for the week and were 168% higher than a year ago. The refinance share of mortgage activity increased to 75.9% of total applications from 69.3% the previous week.

“Mortgage rates and applications continue to experience significant volatility from the economic and financial market uncertainty caused by the coronavirus crisis,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting. “The bleaker economic outlook, along with the first wave of realized job losses reported in last week’s unemployment claims numbers, likely caused potential homebuyers to pull back.”

Weekly jobless claims soared past 3 million to record high, the Labor Department reported last Thursday.

Mortgage applications to purchase a home fell 11% last week and were 24% lower than a year ago. Real estate agents and homebuilders have reported a sharp drop in buyer interest, and open houses and model homes are shuttering. Some potential buyers are doing virtual tours, but the demand is not even close to normal spring volume.

“Buyer and seller traffic — and ultimately home purchases — will also likely be slowed this spring by the restrictions ordered in several states on in-person activities,” Kan said.

The effects of the coronavirus on housing are widespread, but most acute in certain states. Purchase applications are down over 30% in New York, California and Washington state.

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LAST CHG %CHG
Crude Oil Futures 20.50 0.02 0.10
Brent Crude Futures 25.49 -0.86 -3.26
Gold Futures 1596.90 0.30 0.02
Silver Futures 14.060 -0.096 -0.68
DJIA Futures 20958 -793 -3.65
S&P 500 Futures 2478.75

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Se perdieron 27,000 empleos en el sector privado hasta el 12 de Marzo según ADP.

US companies cut 27,000 jobs before the worst of the coronavirus shutdown hit, ADP report shows
PUBLISHED WED, APR 1 20208:15 AM EDT
Jeff Cox
@JEFF.COX.7528
@JEFFCOXCNBCCOM
Private companies shed 27,000 employees for the period through March 12, according to ADP and Moody’s Analytics.
Actual losses for the month were much worse as indicated by jobless claims numbering in the millions.
ADP reported a gain of 179,000 in February.
Companies reduced payrolls by 27,000 in early March before the worst of the coronavirus-induced economic freeze, according to a report Wednesday from ADP and Moody’s Analytics.

Actual losses for the month were far worse as indicated by the millions of people who already have filed unemployment claims. Wednesday’s report covers the period through March 12.


Economists surveyed by Dow Jones had forecast a loss of 125,000 jobs. However, the March ADP count as well as Friday’s nonfarm payrolls report cover periods before the government instituted social distancing measures that have shut down large parts of the U.S. economy.

The March ADP number comes after a February gain of 179,000, revised lower from the initially reported 183,000.

The only employment numbers that are measuring the coronavirus impact in somewhat real time are the weekly initial jobless claims counts. Last week, first-time claims numbered nearly 3.3 million and are expected to show another 3.1 million when that number comes out Thursday.

The ADP count does show, however, that companies already were beginning to cut in a labor market that had been roaring.

Small business hit

Small businesses accounted for all of the reductions, slicing 90,000 from payrolls, with 66,000 of those reductions coming from companies that employ 25 people or less.


Medium-sized businesses, with between 50 and 499 employees, added 7,000 while big companies hired 56,000.

The biggest job reductions came from trade, transportation and utilities (-37,000), followed by construction (-16,000) and administrative and support services (-12,000). Professional and technical services added 11,000 positions while manufacturing rose by 6,000.

In broad terms, service-related industries saw losses of 18,000 while goods producers dropped 9,000.

The ADP report generally serves as a precursor to the more closely watched nonfarm payrolls report, though the March government tally also will take less relevance because its reference period covers through March 12, the same as ADP. Economists surveyed by Dow Jones expect the Labor Department’s count for March to show a loss of 10,000 after February’s gain of 273,000.

Estimates for how bad coronavirus-related job losses will be vary widely. The St. Louis Federal Reserve has forecast as many as 47 million layoffs and an unemployment rate that would top out at 32%, though most other forecasts have been less dire.

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CHG %CHG
DJIA 21036.88 -880.28 -4.02
S&P 500 2487.37 -97.22 -3.76
Nasdaq Composite 7461.49 -238.61 -3.10
Japan: Nikkei 225 18065.41 -851.60 -4.50
UK: FTSE 100 5465.64 -206.32 -3.64
Crude Oil Futures 20.44 -0.04 -0.20
Gold Futures 1594.00 -2.60 -0.16
Yen 107.28 -0.25 -0.24
Euro 1.0933

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https://money.cnn.com/data/dow30/

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-781.94

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