Miércoles 13/05/20 Precio de los productores

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Elon Musk flirts with Colorado and Texas as US states battle to be the site of Tesla's HQ

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Apple employees are expected to start returning to the company's offices soon even as other tech giants are letting staff continue working from home

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EU Seeks to Revive Tourism (6:20 a.m. NY)

The European Union’s executive arm pushed for a continent-wide revival of tourism with a series of policy recommendations for EU countries as they loosen lockdowns triggered by the pandemic. The European Commission guidelines cover everything from the removal of internal EU border restrictions to the use of mobile-phone tracing applications.


While EU countries long ago ceded decision-making powers in the trade, competition, monetary and other fields to European institutions, national capitals retain control over health policy. At the same time, the 27-nation bloc has a common interest in kick-starting tourism because it accounts for about 10% of a European economy facing an unprecedented slump.

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https://www.wsj.com/articles/the-stock- ... 43?mod=mhp

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Powell says more policy help may be needed to pull the US out of economic downturn
PUBLISHED WED, MAY 13 20209:00 AM EDT
Jeff Cox
@JEFF.COX.7528
@JEFFCOXCNBCCOM
Fed Chairman Jerome Powell said more measures likely will be needed to pull the economy out of its current downturn.
He did not specify what those measures will be, but pointed to the likely need for more fiscal support from Congress.
“While the economic response has been both timely and appropriately large, it may not be the final chapter,” the central bank chief said in prepared remarks.
Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, June 19, 2019.
Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee meeting in Washington, June 19, 2019.
Kevin Lamarque | Reuters
Federal Reserve Chairman Jerome Powell said Wednesday that policymakers may have to use additional weapons to pull the country out of an economic mire that has cost at least 20 million jobs and caused “a level of pain that is hard to capture in words.”

While he did not specify what those measures are and where they would come from, Powell said that the coronavirus has triggered a situation unlike previous recessions the U.S. has endured, and the response may have to be more from Congress than the Fed.


He noted the unprecedented strength of the both the fiscal and monetary measures, but stressed the importance of making sure that the deepest slump since the Great Depression does not get out of control. The Fed has cut its benchmark rate to near zero and instituted multiple lending and liquidity programs, while Congress has appropriated close to $3 trillion in rescue funding and is deliberating another round ahead.

“While the economic response has been both timely and appropriately large, it may not be the final chapter, given that the path ahead is both highly uncertain and subject to significant downside risks,” Powell said in prepared remarks for a webcast event with the Peterson Institute for International Economics.

His remarks did not address the prospect of using negative interest rates to spur growth, but he also was set to participate in a question and answer session afterwards.

The central bank leader spoke days after the Labor Department reported that nonfarm payrolls fell by 20.5 million in April and the unemployment rate shot up to 14.7%, both the worst since the Depression by large margins. The department noted that it probably missed millions more due to issues with gathering the data.

At the same time, GDP is expected to plunge by record levels in the second quarter, with expectations dimming for a strong recovery as the coronavirus-induced lockdown of the national economy drags on.


Powell said the recovery is largely dependent on a number of questions surrounding the virus, such as how long it will take for treatments to arise, whether the end of social distancing will spur new outbreaks and when consumer and business confidence will return.

“The answers to these questions will go a long way toward setting the timing and pace of the economic recovery,” he said. “Since the answers are currently unknowable, policies will need to be ready to address a range of possible outcomes.”

While he indicated the Fed will continue to bring all of its power to bear on stabilizing the economy and financial markets, Powell indicated that the biggest future response may have to come from Congress.

“Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery. This tradeoff is one for our elected representatives, who wield powers of taxation and spending,” he said.

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LAST CHG %CHG
DJIA 23670.53 -94.25 -0.40
S&P 500 2866.35 -3.77 -0.13
Nasdaq Composite 9019.78 17.23 0.19
Japan: Nikkei 225 20267.05 -99.43 -0.49
UK: FTSE 100 5935.72 -59.05 -0.99
Crude Oil Futures 25.86 0.08 0.31
Gold Futures 1716.40 9.60 0.56
Yen 106.98 -0.16 -0.15
Euro 1.0866

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

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9:11 am: April US producer prices see largest annual decline since 2015

U.S. producer prices declined 1.3% in April after slipping 0.2% in March, bolstering some economists’ predictions for a brief period of deflation as the coronavirus pandemic depresses demand.

The Labor Department said on Wednesday its producer price index for final demand declined 1.2% in the 12 months through April. That was the biggest decline since November 2015 and followed a 0.7% increase in March.

Economists polled by Reuters had forecast the PPI falling 0.5% in April and falling 0.2% on a year-on-year basis. —Melodie Warner,

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https://www.bvl.com.pe/

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LAST CHG %CHG
DJIA 23515.59 -249.19 -1.05
S&P 500 2855.32 -14.80 -0.52
Nasdaq Composite 8992.62 -9.93 -0.11
Japan: Nikkei 225 20267.05 -99.43 -0.49
UK: FTSE 100 5932.12 -62.65 -1.05
Crude Oil Futures 25.77 -0.01 -0.04
Gold Futures 1719.40 12.60 0.74
Yen 107.10 -0.04 -0.03
Euro 1.0840 -0.0010

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LAST CHG %CHG
DJIA 23515.59 -249.19 -1.05
S&P 500 2855.32 -14.80 -0.52
Nasdaq Composite 8992.62 -9.93 -0.11
Japan: Nikkei 225 20267.05 -99.43 -0.49
UK: FTSE 100 5932.12 -62.65 -1.05
Crude Oil Futures 25.77 -0.01 -0.04
Gold Futures 1719.40 12.60 0.74
Yen 107.10 -0.04 -0.03
Euro 1.0840 -0.0010

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-327.58

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https://lta.reuters.com/articulo/econom ... P21R-OUSLT

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https://lta.reuters.com/articulo/petrol ... P20J-OUSLT

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https://lta.reuters.com/articulo/mercad ... AKBN22P25N