Miercoles 17/06/20 Inicios de casas

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Miércoles

Eventos económicos

Inicios de casas
Permisos de construcción
Jerome Powell testifica en el Congreso
Loretta Mester habla
Housing starts (annual rate) May 1.13 million 891,000
8:30 am Building permits (annual rate) May 1.25 million 1.07 million
10 am Fed Chair Jerome Powell testifies
4 pm Cleveland Fed President Loretta Mester speaks

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169.84 1.75
Japan: Nikkei 225 22480.40 -101.81 -0.45
UK: FTSE 100 6242.79 178.09 2.94
Crude Oil Futures 37.56 -0.82 -2.14
Gold Futures 1733.90 -2.60 -0.15
Yen 107.27 -0.04 -0.04
Euro 1.1263 -0.0001

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3124.74 58.15 1.90
China: Shanghai Composite 2931.75 41.72 1.44
Japan: Nikkei 225 22480.03 -102.18 -0.45
UK: FTSE 100 6242.79 178.09 2

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LAST CHG %CHG
Crude Oil Futures 37.56 -0.82 -2.14
Brent Crude Futures 40.26 -0.70 -1.71
Gold Futures 1734.00 -2.50 -0.14
Silver Futures 17.615 -0.037 -0.21
DJIA Futures 26131 -62 -0.24
S&P 500 Futures 3113.25

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Price: US$/lb

Copper June 16,21:19
Bid/Ask 2.5902 - 2.5911
Change +0.0064 +0.25%
Low/High 2.5766 - 2.6205
Charts

Nickel June 16,21:18
Bid/Ask 5.8374 - 5.8442
Change -0.0249 -0.43%
Low/High 5.8254 - 5.8692
Charts

Aluminum June 16,21:18
Bid/Ask 0.7137 - 0.7141
Change -0.0002 -0.03%
Low/High 0.7084 - 0.7155
Charts

Zinc June 16,21:18
Bid/Ask 0.9047 - 0.9061
Change -0.0003 -0.03%
Low/High 0.9022 - 0.9072
Charts

Lead June 16,21:16
Bid/Ask 0.7934 - 0.7948
Change -0.0016 -0.20%
Low/High 0.7903 - 0.7986
Charts

Uranium Jun 10, 2020
Ux U308 price: 33.20
Change from
previous week +0.10

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https://lta.reuters.com/articulo/econom ... AKBN23N3H7

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https://lta.reuters.com/articulo/mineap ... N348-OUSLT

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https://lta.reuters.com/articulo/salud- ... N1ZP-OUSLT

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CHG %CHG
Crude Oil Futures 37.49 -0.89 -2.32
Brent Crude Futures 40.28 -0.68 -1.66
Gold Futures 1734.50 -2.00 -0.12
Silver Futures 17.605 -0.047 -0.27
DJIA Futures 26140 -53 -0.20
S&P 500 Futures 3119.00 0

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Stock futures extend gains following Tuesday’s rally
PUBLISHED TUE, JUN 16 20206:04 PM EDTUPDATED 9 MIN AGO
Maggie Fitzgerald
@MKMFITZGERALD
WATCH NOW
VIDEO05:03
Rep. James Clyburn on need for PPP loan distribution transparency
U.S. stock futures suggested the market would continue to move higher on Wednesday, following a big rally in the previous session that was fueled by a growing belief the worst may be over for the world’s largest economy.

Dow futures indicated a gain of about 70 points at the open. S&P 500 and Nasdaq-100 futures also pointed to a higher open.

Chart of the daily percent change in the Dow Jones Industrial Average over the past 10 trading days ending June 16, 2020.

U.S. equities rallied on Tuesday, helped by a bevy of bullish news, including a historic jump in retail sales. The U.S. government reported a record 17.7% increase in retail sales for May.

Stocks were also helped by a Bloomberg News report that the Trump administration is preparing a near $1 trillion infrastructure bill. Positive trial results showed dexamethasone — a widely available drug — can help critically ill coronavirus patients, which also boosted equities. The treatment reportedly reduced Covid-19 deaths in hospitalized patients by up to one third.

On Tuesday, the Dow Jones Industrial Average climbed 526 points, or 2.04%. The S&P 500 and Nasdaq Composite rallied 1.9% and 1.75%, respectively. Stocks tied the economy reopening — including airlines, cruise lines and retailers — led the rally.

“It’s hard to keep a ‘well supported’ stock market down,” Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC. “Against a backdrop of widespread caution after a swift 7% decline in the recent days, the stock market was simultaneously bombarded by major pillars of support.”


Federal Reserve chairman Jerome Powell’s semiannual two-day testimony to the Senate banking committee started on Tuesday. The Federal Reserve’s announcement to beef up monetary stimulus with direct purchases of corporate bonds on Monday boosted sentiment.

Markets and bond yields fell from their highs following Federal Reserve Chair Jerome Powell’s comments that the central bank would arrange its corporate bond buying based on market conditions and it doesn’t want to “run through the bond market like an elephant.” Powell will have his second day of testimony on Wednesday.

Stocks also pared gains amid reports saying Beijing will shut down all schools amid a resurgence in coronavirus cases. Investors, for now, are largely shrugging off the uptick in coronavirus cases at home and abroad against the backdrop of better-than-expected economic data.

“The attitude of many Americans seems to be that they are done with the coronavirus, but the coronavirus is not done with us,” Marc Odo, portfolio manager at Swan Global Investments, told CNBC. “The large run up in the market was predicated upon everything going right and a return to normal in short order. However, the regional spikes in infections is challenging that optimism.”

After last week’s drop in stocks, the major average are all well in the green so far this week. The Dow Jones Industrial Average is up 2.7% week to date. The S&P 500 and Nasdaq Composite have gained 2.7 and 3.2%, respectively, since Monday.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around

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LAST CHG %CHG
Crude Oil Futures 37.94 -0.44 -1.15
Brent Crude Futures 40.64 -0.32 -0.78
Gold Futures 1722.10 -14.40 -0.83
Silver Futures 17.670 0.018 0.10
DJIA Futures 26222 29 0.11
S&P 500 Futures 3123.25 5.05 0

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Oracle slides on revenue decline
PUBLISHED TUE, JUN 16 20204:10 PM EDTUPDATED TUE, JUN 16 20206:07 PM EDT
Jordan Novet
@JORDANNOVET
Revenue declined more than the company had predicted in the quarter.
Guidance for the current quarter was better than expected.
The company announced new business from video-calling software provider Zoom in April.
Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19.
Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19.
Justin Sullivan | Getty Images
Oracle shares fell as much as 5% in extended trading on Tuesday after the company reported fiscal fourth-quarter results that missed analysts’ revenue estimates. Revenue was down 6% from a year ago in the quarter, which ended on May 31, according to a statement.

Here’s how the company did:

Earnings: $1.20 per share, adjusted
Revenue: $10.44 billion

The company had said in March that it was expecting roughly flat revenue in the quarter. Analysts surveyed by Refinitiv had expected $1.15 in adjusted earnings per share on $10.65 billion in revenue. Comparing the results with analysts’ estimates is not straightforward because the coronavirus impacted Oracle’s operations in the quarter.

Oracle’s largest category, cloud services and license support, delivered $6.85 billion in revenue, growing 1% on an annualized basis and just below the $6.90 billion consensus among analysts polled by FactSet.

Revenue from cloud and on-premises licenses came to $1.96 billion, down 22% and less than the FactSet consensus of $2.14 billion.

“As the quarter progressed, we saw a dropoff in deals, especially in the industries most effected by the pandemic,” CEO Safra Catz told analysts on a conference call on Tuesday. “As countries begin reopening their economies, many of these discussions have already resumed. Since these were not lost to competitors, we believe that most of this business will ultimately be booked, and while some customers have deferred projects, we’re also rapidly building new pipelines with customers that are moving their on-premise workloads to the cloud.”

The pandemic caused some companies to reconsider their cloud operations, including viewing Oracle as an alternative to Amazon and Microsoft’s clouds, which have more market share than Oracle’s cloud, Catz said.


In the quarter Oracle announced new point-of-sale hardware for retailers and new cloud business from video communications companies Zoom and 8x8.

“8x8 was very surprised by the extent of their performance gains by moving out of AWS, moving part of their system out of AWS and into OCI [Oracle cloud infrastructure],” Larry Ellison, co-founder of Oracle and its chairman chief technology officer. “They were so surprised by the performance gains they achieved and the cost savings they achieved that they decided to move all of their services out of AWS and into Oracle.”

Catz called for 84 cents to 88 cents in adjusted earnings per share and a range of a 1% revenue to decline to 1% revenue growth in the fiscal first quarter. Analysts polled by Refinitiv had expected 85 cents in adjusted earnings per share and $9.09 billion in revenue, which implies a 1.4% year-over-year decline.

Catz declined to provide guidance for the 2021 fiscal year. She said she thought revenue growth would accelerate this year.

Bernstein Research’s Mark Moerdler and Firoz Valliji lowered their fiscal fourth-quarter estimates last week, partly to reflect potential fallout from the virus.

“4Q20 was expected to be a strong quarter, due to seasonally high mix of license revenue benefiting from autonomous database sales,” wrote Moerdler and Valliji, who have the equivalent of a buy rating on Oracle stock. “We are now more concerned about the license revenue, as transactional revenue is much more seriously impacted by economic disruption especially near-term as IT organizations have focused on work-from-home rather than major projects.”

Notwithstanding the after-hours move, Oracle shares are up about 3% for the year.

Correction: Oracle missed consensus top-line (revenue) expectations, but beat bottom-line (adjusted EPS) expectations.

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https://www.wsj.com/articles/u-s-stock- ... 78?mod=mhp

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Homebuyer mortgage demand spikes to 11-year high, as rates hit another record low
PUBLISHED WED, JUN 17 20207:01 AM EDT
Diana Olick
@IN/DIANAOLICK
@DIANAOLICKCNBC
@DIANAOLICK
Mortgage applications to purchase a home rose 4% last week from the previous week and were a remarkable 21% higher than a year ago, according to the Mortgage Bankers Association.
That was the ninth consecutive week of gains and the highest volume in more than 11 years.
The average contract interest rate for 30-year fixed-rate mortgages decreased to 3.30% from 3.38%.
A property for sale in Monterey Park, California
A property for sale in Monterey Park, California
Frederic J. Brown | AFP | Getty Images
Buyers are rushing back into the housing market, enticed by record low mortgage rates and a pandemic-induced need to nest like never before.

Mortgage applications to purchase a home rose 4% last week from the previous week and were a remarkable 21% higher than one year ago, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the ninth consecutive week of gains and the highest volume in more than 11 years.


“The housing market continues to experience the release of unrealized pent-up demand from earlier this spring, as well as a gradual improvement in consumer confidence,” said MBA economist Joel Kan.

Buyers were also fueled by a new record low mortgage rate. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) decreased to 3.30% from 3.38%, with points decreasing to 0.29 from 0.30 (including the origination fee) for loans with a 20% down payment.

Lower rates also fueled refinance demand. Those applications rose 10% for the week and were 106% higher than a year ago. Refinances had been slipping for weeks, but the new record low rates may have woken some homeowners up to the potential savings.

“Refinancing continues to support households’ finances, as homeowners who refinance are able to gain savings on their monthly mortgage payments in a still-uncertain period of the economic recovery,” Kan said.

The refinance share of mortgage activity increased to 63.2% of total applications from 61.3% the previous week. With fixed interest rates so low, the adjustable-rate mortgage share of activity decreased to just 2.8% of total applications. ARM loans carry lower rates but higher risk.

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