Lunes 29/06/20 Semana del empleo

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Lunes

Eventos económicos

Índice de ventas de casas

Entre los eventos más importantes de la semana tenemos el índice del precio de la casas, el PMI de Chicago y la confianza del consumidor el Martes; el reporte del empleo privado, el Markit de manufactura, el ISM manufacturero y el gasto en construcción, las ventas de autos y las minutas del Fed el Miércoles; las cifras del empleo, los seguros de desempleo y las órdenes de fábricas el Jueves.

Viernes feriado por la independencia de USA.
29
10 am Pending home sales index May -- -21.8%
TUESDAY, JUNE 30
9 am Case-Shiller home price index April -- -1.1%
9:45 am Chicago PMI June -- 32.3
10 am Consumer confidence index June -- 86.6
WEDNESDAY, JULY 1
8:15 am ADP employment report June -- -2.76 million
9:45 am Markit manufacturing index June -- --
10 am ISM manufacturing index June -- 43.1%
10 am Construction spending May -- -2.9%
2 pm FOMC minutes
Varies Motor vehicle sales June -- 12.2 million
THURSDAY, JULY 2
8:30 am Nonfarm payrolls June -- 2.51 million
8:30 am Unemployment rate June -- 13.3%
8:30 am Average hourly earnings June -- -1.0%
8:30 am Trade deficit May -- -$49.4 billion
8:30 am Initial jobless claims (regular state program, SA) June 27 week -- N/A
8:30 am Continuing jobless claims (regular state program) June 20 week -- N/A
10 am Factory orders May -- -13.0%
FRIDAY, JULY 3
Independence Day holiday. None scheduled.

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LAST CHG %CHG
Crude Oil Futures 38.16 -0.33 -0.86
Brent Crude Futures 40.64 -0.29 -0.71
Gold Futures 1784.80 4.50 0.25
Silver Futures 17.950 -0.085 -0.47
DJIA Futures 24900 -50 -0.20
S&P 500 Futures 3003.00

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https://www.expreso.com.pe/coronavirus/ ... n-el-peru/

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Morgan Stanley is bullish on Singapore stocks and expects 14% returns
PUBLISHED MON, JUN 29 202012:58 AM EDT
Weizhen Tan
@WEIZENT
“We could see inflows supported by a growing of perception of Singapore as a safe haven amid geopolitical and economic uncertainties in the region,” Morgan Stanley analysts Wilson Ng and Derek Chang wrote in a report last week.
Money has been increasingly flowing into the city state in the past year.
Valuations for Singapore stocks have bottomed, says Morgan Stanley, but it said that a “sustained rebound is underway.”
People wearing protective masks walk along the Jubilee Bridge at the Marina Bay waterfront on June 7, 2020 in Singapore.
People wearing protective masks walk along the Jubilee Bridge at the Marina Bay waterfront on June 7, 2020 in Singapore.
Suhaimi Abdullah | Getty Images
Morgan Stanley is bullish on Singapore stocks and expects as much as 14% returns for the MSCI Singapore index over the next 12 months.

In fact, investors could increasingly be looking to Singapore as a safe place to invest in as uncertainty roils the region, the investment bank said.


“We could see inflows supported by a growing of perception of Singapore as a safe haven amid geopolitical and economic uncertainties in the region,” analysts Wilson Ng and Derek Chang wrote in a report last week.

Covid-19 has ravaged economies worldwide, and Asia-Pacific nations have not been spared.

Singapore, a wealthy city state in the region, has unveiled one of the most generous measures to support its economy – four stimulus packages worth 100 billion Singapore dollars, or almost 20% of the country’s GDP.

At the same time, geopolitical tensions have intensified.

Hong Kong’s protests reignited again in May after China approved a national security law said to curtail the Chinese city’s freedoms. The latest demonstrations come after months of protests last year that crippled the territory’s economy.


Singapore and Hong Kong have traditionally been competitors for the status of the top financial hub and wealth center in Asia.

Money flows to Singapore jump

Money has been increasingly flowing into the city state in the past year.

In April, a record amount of money flowed into the city-state’s banks, data from Singapore’s central bank showed.

Deposits from non-residents jumped 44% year-on-year to a record $62.14 billion Singapore dollars ($44.58 billion) in April — the fourth monthly increase and a trend since 2019.

Markets in Singapore also saw more inflows via passive funds, which have been jumping year-on-year, according to data by Morgan Stanley. Passive investing is a strategy where investors buy an index that broadly tracks the market, such as exchange traded funds. It is increasingly popular among investors, as opposed to individual stock picks.

The perception of Singapore as a safe haven amid the current health crisis and geopolitical uncertainties could drive more high-net worth individuals (HNWIs) to allocate more of their wealth in the country
Wilson Ng and Derek Chang
MORGAN STANLEY
The real estate sector is key in driving those gains, according to the investment bank. Singapore, a regional hub for real estate investment trusts, or REITs, has been supported by a sustained low interest rate environment that has fueled a chase for yields, said the investment bank.

REITs are companies that manage a portfolio of properties such as offices, shopping malls, or hotels. Income generated from those assets, after accounting for fees, is distributed as dividends to shareholders. Investors generally find REITs attractive for their dividend payouts.

“We think the growth of the Singapore REIT market, which led to more representation in benchmarks used by expanding passive real estate and yield focused ETFs, was, and will continue to be, a significant factor driving passive fund inflows,” said the report.

“The perception of Singapore as a safe haven amid the current health crisis and geopolitical uncertainties could drive more high-net worth individuals (HNWIs) to allocate more of their wealth in the country.”

The overall rise in capital inflows “could spill over” into local markets and further drive up demand, Morgan Stanley said.

Singapore stock picks

Valuations for Singapore stocks have bottomed, says Morgan Stanley, but it says that a “sustained rebound is underway.”

“High and sustainable dividends” are what differentiates Singapore stocks from other markets, it said.

Here are five stocks that Morgan Stanley predicted will have sustainable dividends, and which fit the theme of cyclical recovery:

United Overseas Bank, Singapore’s second-largest lender, has the “most defensive business mix” of all the domestic banks, said Morgan Stanley.
Property developer City Developments has a leading share of private home sales in Singapore. Morgan Stanley’s Ng predicted that the decline in home prices and sales this year will be milder than expected.
Ascendas REIT is the largest real estate investment trust in Singapore by market capitalization, and has the largest share of business parks and industrial space in the city state.
Agribusiness group Wilmar, which derived half of its 2019 revenue from China.
Netlink Trust, a provider of fibre infrastructure to residential premises. Fibre infrastructure will be “critical” to the deployment of smart cities, the report sa

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LAST CHG %CHG
Crude Oil Futures 37.97 -0.52 -1.35
Brent Crude Futures 40.41 -0.52 -1.27
Gold Futures 1783.60 3.30 0.19
Silver Futures 18.000 -0.035 -0.19
DJIA Futures 25009 59 0.24
S&P 500 Futures 3011.25 4.35

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https://lta.reuters.com/articulo/bolsas ... AKBN2400TD

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https://lta.reuters.com/articulo/japon- ... AKBN2400N9

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https://www.wsj.com/articles/fracking-t ... 87?mod=mhp

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https://www.wsj.com/articles/faa-to-sta ... 22?mod=mhp

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https://www.wsj.com/articles/local-elec ... 72?mod=mhp

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CHG %CHG
Crude Oil Futures 38.81 0.32 0.83
Brent Crude Futures 41.21 0.28 0.68
Gold Futures 1780.50 0.20 0.01
Silver Futures 17.915 -0.120 -0.67
DJIA Futures 25053 103 0.41
S&P 500 Futures 3011.75 4.85 0.1

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9757.22 -259.78 -2.59
Japan: Nikkei 225 21995.04 -517.04 -2.30
UK: FTSE 100 6199.89 40.59 0.66
Crude Oil Futures 38.78 0.29 0.75
Gold Futures 1780.60 0.30 0.02
Yen 107.41 0.19 0.18
Euro 1.1280 0.0060

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-2.42
China: Shanghai Composite 2961.52 -18.03 -0.61
Japan: Nikkei 225 21995.04 -517.04 -2.30
UK: FTSE 100 6198.47 39

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LAST CHG %CHG
Euro (EUR/USD) 1.1276 0.0055 0.49
Japanese Yen (USD/JPY) 107.43 0.21 0.20
U.K. Pound (GBP/USD) 1.2307 -0.0029 -0.24
Swiss Franc (USD/CHF) 0.9463 -0.0018 -0.19
Chinese Yuan (USD/CNY) 7.0766 -0.0018 -0.03
U.S. Dollar Index 97.20

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https://lta.reuters.com/articulo/eurozo ... AKBN24012S