Miercoles 15/04/20 Libro Beige del Fed

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Miércoles

Eventos económicos

Venta retail
Economía en New York
Ventas retail
Índice de la economía en New York
Producción industrial
Utilización de la capacidad instalada
Inventarios de negocios
Índice de los constructores
Libro Beige del Fed.

Retail sales March -7.1% -0.5%
8:30 am Retail sales ex-autos March -4.7% -0.4%
8:30 am Empire state index April -- -21.5
9:15 am Industrial production March -4.1% 0.6%
9:15 am Capacity utilization March 73.8% 77.0%
10 am Business inventories Feb. -- -0.1%
10 am Homebuilders' index April -- 72
2 pm Beige Boo

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323.32 3.95
Japan: Nikkei 225 19636.84 -1.97 -0.01
UK: FTSE 100 5791.31 -51.35 -0.88
Crude Oil Futures 20.50 0.39 1.94
Gold Futures 1755.70 -13.20 -0.75
Yen 107.10 -0.11 -0.11
Euro 1.0974 -0.0006

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2846.06 84.43 3.06
China: Shanghai Composite 2823.16 -4.13 -0.15
Japan: Nikkei 225 19633.72 -5.09 -0.03
UK: FTSE 100 5791.31

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LAST CHG %CHG
Crude Oil Futures 20.48 0.37 1.84
Brent Crude Futures 29.97 0.37 1.25
Gold Futures 1756.20 -12.70 -0.72
Silver Futures 16.000 -0.130 -0.81
DJIA Futures 23793 -87 -0.36
S&P 500 Futures 2833.00 -10

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LAST CHG %CHG
Euro (EUR/USD) 1.0975 -0.0006 -0.05
Japanese Yen (USD/JPY) 107.09 -0.12 -0.11
U.K. Pound (GBP/USD) 1.2606 -0.0017 -0.13
Swiss Franc (USD/CHF) 0.9610 0.0008 0.08
Chinese Yuan (USD/CNY) 7.0547 0.0055 0.08
U.S. Dollar Index 98.94 0.05 0.0

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https://lta.reuters.com/articulo/salud- ... AKCN21W34E

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https://lta.reuters.com/articulo/salud- ... AKCN21W2TH

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https://lta.reuters.com/articulo/salud- ... AKCN21W33I

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Copper April 15,00:57
Bid/Ask 2.3188 - 2.3197
Change -0.0005 -0.02%
Low/High 2.2991 - 2.3229
Charts

Nickel April 15,00:58
Bid/Ask 5.3297 - 5.3342
Change -0.0091 -0.17%
Low/High 5.2934 - 5.3547
Charts

Aluminum April 15,00:59
Bid/Ask 0.6673 - 0.6675
Change +0.0048 +0.72%
Low/High 0.6539 - 0.6703
Charts

Zinc April 15,00:51
Bid/Ask 0.8695 - 0.8704
Change +0.0045 +0.52%
Low/High 0.8545 - 0.8706
Charts

Lead April 15,00:59
Bid/Ask 0.7595 - 0.7604
Change -0.0014 -0.18%
Low/High 0.7573 - 0.7802
Charts

Uranium Apr 06, 2020
Ux U308 price: 27.70
Change from

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Bank of America posts 45% decline in first quarter profit, braces for big loan losses
PUBLISHED WED, APR 15 20206:30 AM EDTUPDATED MOMENTS AGO
Hugh Son
@HUGH_SON
Here’s how the company did: Earnings: 40 cents a share
Revenue: $22.8 billion
Net Interest Income: $12.3 billion
WATCH NOW
VIDEO02:20
Bank of America earnings: $0.40 a share, vs $0.46 EPS expected
Bank of America said Wednesday that first quarter profit slumped 45% as the company set aside $3.6 billion for loan loss reserves because of the coronavirus pandemic.

The bank posted profit of $4.01 billion, or 40 cents a share, compared with the 46 cent estimate of analysts surveyed by Refinitiv.



Here’s how the company did:

Earnings: 40 cents a share

Revenue: $22.8 billion

Net Interest Income: $12.3 billion

Trading Revenue: Fixed Income $2.7 billion, Equities $1.7 billion


Note: Bank added $3.6 billion to loan loss reserves in the quarter

Wall Street had expected earnings per share of 46 cents on revenue of $22.9 billion, based o n the consensus estimates compiled by Refinitiv. Net interest income was expected to come in at $11.7 billion. Trading results at the firm exceeded analysts’ expectations for $2.48 billion in fixed income and $1.39 billion in equities revenue.

This story is developing. Please check back for updates.

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Weekly mortgage applications rise as rates drop to survey low, but it’s all refinances
PUBLISHED WED, APR 15 20207:00 AM EDT
Diana Olick
@IN/DIANAOLICK
@DIANAOLICKCNBC
@DIANAOLICK
The average contract interest rate for 30-year fixed-rate mortgages of up to $510,400 decreased to 3.45% from 3.49% last week, causing yet another rush to refinance mortgages.
Mortgage applications to purchase a home fell for the fifth straight week, down 2% from one week early and down a striking 35% from a year ago.
CNBC: House For Sale sign existing home sales Florida
A house for sale in Sarasota, Florida
Scott Mlyn | CNBC
Despite wider-than-usual daily swings last week, mortgage rates dropped to the lowest level ever in the Mortgage Bankers Association’s weekly survey, causing yet another rush to refinance.

Total mortgage application volume rose 7.3% last week from the previous week, according to the MBA’s seasonally adjusted index.


The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $510,400 or less decreased to 3.45% from 3.49%. Points increased to 0.29 from 0.28, including origination fee, for loans with a 20% down payment. That is 99 basis lower than a year ago.

“The decline in rates — despite Treasury yields rising — is a sign that the mortgage-backed securities market is stabilizing and lenders are successfully working through their lending pipelines,” said Joel Kan, an MBA economist.

That rock-bottom rate caused a 10% weekly surge in applications to refinance a home loan. Refinance volume was 192% higher than a year ago.

Low rates did little for homebuyers. Mortgage applications to purchase a home fell for the fifth straight week, down 2% from a week earlier and down a striking 35% from one year ago. The spring housing market started early and seems to have ended early because of the economic downturn and social distancing caused by the coronavirus outbreak. Purchase applications in the states hardest hit — New York, California and Washington — are about half that of a year ago.

“The purchase market is still expected to rebound, as long as the public health measures to reduce the pandemic’s spread are successful and result in a broader recovery,” Kan said.


Homebuyers are still out there, doing virtual tours and looking for bargains. Freddie Mac put out a cautiously optimistic report, predicting very strong home sales in 2021.

“Undoubtedly, the housing market is facing its greatest challenge in over a decade as our nation weathers this unprecedented economic event,” said Sam Khater, Freddie Mac’s chief economist. “Although the uncertainty of the crisis means forecasts of economic activity are more unclear than usual, we expect that most of the economic damage from the virus will be contained to the first half of the year.”