Jueves 16/07/20 Ventas retail

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nitial jobless claims (state program) July 11 1.24 million 1.31 million
8:30 am Continuing jobless claims (state program) July 4 -- 18.1 million
8:30 am Continuing jobless claims (total, NSA) June 27 -- 32.9 million
8:30 am Retail sales June 5.4% 17.7%
8:30 am Retail sales ex-autos June 5.3% 12.4%
8:30 am Philly Fed index July 18.1 27.5
10 am NAHB home builders' index July -- 58
10 am Business inventories May -- -1.3%
11:10 am New York Fed President John Williams speaks
TBA Chicago Fed President Charles Evans speaks

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AST CHG %CHG
Crude Oil Futures 40.91 -0.29 -0.70
Brent Crude Futures 43.55 -0.24 -0.55
Gold Futures 1812.60 -1.20 -0.07
Silver Futures 19.740 -0.021 -0.11
DJIA Futures 26663 -102 -0.38
S&P 500 Futures 3205.25 -14

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LAST CHG %CHG
DJIA 26870.10 227.51 0.85
S&P 500 3226.56 29.04 0.91
Nasdaq Composite 10550.49 61.91 0.59
Japan: Nikkei 225 22770.36 -175.14 -0.76
UK: FTSE 100 6255.98 -36.67 -0.58
Crude Oil Futures 40.73 -0.47 -1.14
Gold Futures 1806.50 -7.30 -0.40
Yen 107.17 0.24 0.22
Euro 1.1390

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LAST CHG %CHG
Crude Oil Futures 40.72 -0.48 -1.17
Brent Crude Futures 43.45 -0.34 -0.78
Gold Futures 1807.00 -6.80 -0.37
Silver Futures 19.615 -0.146 -0.74
DJIA Futures 26573 -192 -0.72
S&P 500 Futures 3193.50

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CHG %CHG
Euro (EUR/USD) 1.1388 -0.0023 -0.20
Japanese Yen (USD/JPY) 107.17 0.24 0.22
U.K. Pound (GBP/USD) 1.2534 -0.0054 -0.43
Swiss Franc (USD/CHF) 0.9461 0.0015 0.16
Chinese Yuan (USD/CNY) 6.9986 0.0097 0.14
U.S. Dollar Index 96.30 0

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IELD(%) YIELD CHG
U.S. 10 Year 0.618 -0.013
Germany 10 Year -0.452 -0.009
U.K. 10 Year 0.143 -0.024
Australia 10 Year 0.894 0.009
China 10 Year 3

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Copper July 16,06:39
Bid/Ask 2.9143 - 2.9147
Change -0.0008 -0.03%
Low/High 2.8763 - 2.9622
Charts

Nickel July 16,06:39
Bid/Ask 6.0470 - 6.0493
Change -0.0416 -0.68%
Low/High 5.9412 - 6.1221
Charts

Aluminum July 16,06:39
Bid/Ask 0.7415 - 0.7418
Change -0.0045 -0.61%
Low/High 0.7361 - 0.7495
Charts

Zinc July 16,06:39
Bid/Ask 0.9983 - 0.9985
Change +0.0049 +0.49%
Low/High 0.9804 - 0.9996
Charts

Lead July 16,06:38
Bid/Ask 0.8279 - 0.8283
Change -0.0036 -0.44%
Low/High 0.8188 - 0.8326
Charts

Uranium Jul 13, 2020
Ux U308 price:

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https://lta.reuters.com/articulo/mercad ... H10T-OUSLT

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https://lta.reuters.com/articulo/eeuu-c ... G2N8-OUSLT

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Bank of America earnings are out — here are the numbers
PUBLISHED THU, JUL 16 20206:14 AM EDTUPDATED 2 MIN AGO
Hugh Son
@HUGH_SON
Here’s what Wall Street expects: Earnings: 27 cents a share, a 64% drop from a year earlier, according to Refinitiv.
Revenue: $22 billion, a 5.3% drop from a year earlier.
Net Interest Margin: 2.04%, according to FactSet.
Trading Revenue: Fixed Income $2.63 billion, Equities $1.27 billion.
Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020
Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020
CNBC
Bank of America is scheduled to report second-quarter earnings before the opening bell on Thursday.

Here’s what Wall Street expects:

Earnings: 27 cents a share, a 64% drop from a year earlier, according to Refinitiv.

Revenue: $22 billion, a 5.3% drop from a year earlier.


Net interest margin: 2.04%, according to FactSet.

Trading revenue: Fixed income $2.63 billion; equities $1.27 billion.

Bank of America has a tough act to follow.

The second-biggest U.S. bank by assets has a huge retail bank coupled with a global investment bank, much like the larger JPMorgan Chase.

All eyes will be on CEO Brian Moynihan’s bank after JPMorgan managed to post its biggest quarterly revenue ever despite setting aside $8.9 billion for coronavirus-related loan losses.

Bank of America is considered by analysts to be the most sensitive of large banks when it comes to changes in interest rates, so they will be keen to hear how the lender is navigating the low rate environment.


In May, Moynihan said that he expected trading revenue to rise by “high single digits,” a figure that would pale next to how rivals performed. At JPMorgan, trading revenue surged 79% to a record $9.7 billion, and Goldman produced a 93% increase in trading revenue to $7.2 billion.

On Tuesday, J.P. Morgan and Citigroup both posted profit that beat analysts’ expectations on strong trading and investment banking results, factors that helped Goldman Sachs notch its biggest earnings beat in nearly a decade on Wednesday. Wells Fargo posted its first loss since the financial crisis on loan loss reserves.

Bank of America shares have fallen 30% this year, compared with the 34% decline of the KBW Bank Index.

This story is developin

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Dow futures drop 200 points as investors focus on earnings, China sell-off
PUBLISHED WED, JUL 15 20206:04 PM EDTUPDATED 27 MIN AGO
Pippa Stevens
@PIPPASTEVENS13
WATCH NOW
VIDEO00:49
US stocks set to slide at open
U.S. stock futures pulled back early Thursday, with investors focused on earnings results and sharp losses in Asia shares overnight.

Futures on the Dow Jones Industrial Average pointed to a loss of about 200 points at the open. S&P 500 futures and Nasdaq 100 futures also indicated a negative open.


The moves came following a major sell-off in mainland Chinese stocks, which saw the Shanghai composite down more than 4% on the day. That came despite China reporting that the country’s GDP grew 3.2% in the second quarter of the year as compared to a year ago — above expectations of a 2.5% growth by economics in a Reuters poll.

Investors are also watching for corporate earnings reports, including Bank of America and Morgan Stanley. Johnson & Johnson, Charles Schwab, Abbott Labs and Domino’s Pizza will also report before the market opens on Thursday, while investors will be watching for Netflix’s second-quarter earnings report after-the-bell.

Earnings season kicked off on Monday, and so far results from the U.S.’s largest banks have been mixed. Goldman Sachs easily beat expectations when it reported earnings on Wednesday, helped by a 93% surge in trading revenue. JPMorgan Chase also reported better-than-expected results, while Wells Fargo posted a $2.4 billion loss and slashed its dividend to 10 cents per share.

June’s retail sales number will also be released on Thursday, with economists polled by Dow Jones expecting a 5.2% jump as the economy continued to reopen. May’s 17.7% surge blew past estimates and was the largest reading on record.

Stocks finished Wednesday’s session higher, fueled by positive news regarding a potential coronavirus vaccine, as well as strong earnings results from Goldman Sachs. The Dow rose 227.51 points, or 0.9%, in its fourth straight positive session. The 30-stock index crossed above the 27,000 mark for the first time in more than a month, although it wasn’t able to hold that level into the close, and finished the session at 26,870.10.


The S&P 500 rose 0.9%, while the Nasdaq Composite was the relative underperformer, rising just 0.5%. The tech-heavy index was weighed down by weakness in shares of Big Tech. Amazon slid more than 2%, while Netflix, Microsoft, and Alphabet also closed in the red as investors rotated out of these names and into sectors that are most sensitive to the economy’s reopening, such as cruise line operators.

Shares of Moderna finished the session 6.9% higher after data published by the New England Journal of Medicine showed the company’s coronavirus vaccine produced a “robust” immune response, or neutralizing antibodies, in all 45 patients in its early stage human trial.

Norwegian Cruise Line and Royal Caribbean each jumped more than 20% on Wednesday, while Carnival Corp. closed 16.2% higher.


With Wednesday’s gain, the S&P 500 is now less than 5% away from recovering its February all-time high level, although some investors believe the rally has run too far, too fast, given all the uncertainties that remain in the market.

“We are not out of the woods yet and are still far away from returning to pre-Covid-19 economic levels,” said Nate Fischer, chief investment strategist at Strategic Wealth Partners.

“The market is in need of a health-care solution, as the economy was forced to shut down for a health-care issue. So far, we’ve had fiscal and monetary assistance to this problem. Until a real medical remedy is found, the market will remain volatile,” he added.

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

—CNBC’s Eustance Huang contributed to this report.

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China says its economy grew 3.2% in the second quarter this year, rebounding from coronavirus
PUBLISHED WED, JUL 15 202010:00 PM EDTUPDATED 4 HOURS AGO
Huileng Tan
@HUILENG_TAN
Evelyn Cheng
@CHENGEVELYN
China reported that the country’s economy grew by 3.2% in the second quarter of the year, compared to a year ago.
Economists polled by Reuters expected gross domestic product to have grown modestly at 2.5% in the April to June quarter.
Chart shows year-on-year percentage change in China's real GDP from Q1 2018 to Q2 2020
China reported that the country’s GDP grew by 3.2% in the second quarter of this year, compared to a year ago — beating analysts’ expectations and rebounding from the first quarter’s contraction.

It comes as lockdowns to contain the coronavirus outbreak in China eased, and as Beijing rolled out stimulus measures to prop up its economy.


Economists polled by Reuters expected gross domestic product to have grown modestly at 2.5% in the April to June quarter.

China’s first quarter GDP contracted by 6.8% in 2020 from a year ago as the world’s second largest economy took a huge hit from the coronavirus outbreak. This was the country’s first GDP decline since at least 1992, when official quarterly records started.

China’s official GDP figures are tracked as an indicator of the health of the world’s second-largest economy, but many outside experts have long expressed skepticism about the veracity of China’s reports.

“Generally speaking, the national economy overcame the adverse impact of the epidemic in the first half gradually and demonstrated a momentum of restorative growth and gradual recovery, further manifesting its development resilience and vitality,” said China’s National Bureau of Statistics in a press release on Thursday.

The Chinese government has introduced measures to boost the economy including fiscal spending and cuts in lending rates and banks’ reserve requirements — the amount of cash that lenders must hold in reserve.


Signs of recovery

Recent data out of China show some signs of recovery. Trade numbers in June showed that China’s dollar-denominated exports and imports rose. Manufacturing activity in June also expanded compared to May, two different sets of surveys showed.

Chinese exports have been getting “massive market share” while the rest of the world was locked down, said Bo Zhuang, chief China economist at TS Lombard before the data release. China started easing lockdown measures earlier than other countries.

We are seeing an uneven recovery in China. Return to work, especially factory production, seems to be doing relatively much better.
Johanna Chua
CITIGROUP
Zhuang said he expected China’s GDP recovery to be sustainable in the next two quarters at least, as the domestic economy seems to be doing “fine” with growth in infrastructure and cross-provincial travel reopened, he told CNBC’s “Street Signs.”

Zhuang said a recovery of about 5% in the next two quarters is “definitely foreseeable.” China’s full-year GDP growth was 6.1% in 2019.

Challenges remain

Still, there are headwinds ahead as the outbreak that first emerged late last year in the Chinese city of Wuhan has spread globally, infecting more than 13.5 million people worldwide and killing more than 582,000 people, according to the latest data compiled by Johns Hopkins University.

China’s statistic bureau acknowledged the risks.

“Given the continuous spread of the epidemic globally, the evolving huge impact of the epidemic on the global economy and the noticeably mounting external risks and challenges, the national economic recovery was still under pressure,” it said in the press release.

WATCH NOW
VIDEO07:24
What does the coronavirus mean for China’s economy?
Data released on Thursday also showed weak consumption in China. Retail sales were down 1.8% in June from a year ago, bucking expectations for a 0.3% uptick economists polled by Reuters had predicted. Retail sales declined by 2.8% in May from a year ago.

Concerns over the job market and the lagged impact of bankruptcies continue to hang over the economy.

“We are seeing an uneven recovery in China. Return to work, especially factory production, seems to be doing relatively much better,” said Johanna Chua, head of Asia economics and strategy at Citigroup.

Looking ahead, there is a question of how much China domestic demand can offset the accumulation in inventory due to weak external demand, Chua told CNBC’s “Street Signs.”

“We’re still seeing a lot of concerns of a lack of virus suppression in the major markets,” she added.

The world economy is expected to fall into recession this year as many governments globally have implemented lockdowns and limited business activity and social gatherings. Slowing growth in global demand is expected to hurt Chinese exports.

This year, China made a rare decision not to set a GDP target due to uncertainties from the impact of the pande

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U.S. retail sales rose 7.5% in June, vs 5.0% increase expected
PUBLISHED THU, JUL 16 20208:31 AM EDT
Reuters
Keith Cunningham from South Carolina shops for Walt Disney apparel at the Bargain World gift shop located near Walt Disney World where its conducting a phased reopening from coronavirus disease (COVID-19) restrictions in Lake Buena Vista, Florida, July 11
Keith Cunningham from South Carolina shops for Walt Disney apparel at the Bargain World gift shop located near Walt Disney World where its conducting a phased reopening from coronavirus disease (COVID-19) restrictions in Lake Buena Vista, Florida, July 11, 2020.
Octavio Jones | Reuters
U.S. retail sales were expected to rise by 5.0% in June, after soaring 17.7% a month earlier.

This is breaking news. Please check back for updates.

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LAST CHG %CHG
DJIA 26733.55 -136.55 -0.51
S&P 500 3201.50 -25.06 -0.78
Nasdaq Composite 10400.42 -150.07 -1.42
Japan: Nikkei 225 22770.36 -175.14 -0.76
UK: FTSE 100 6274.59 -18.06 -0.29
Crude Oil Futures 40.83 -0.37 -0.90
Gold Futures 1808.40 -5.40 -0.30
Yen 107.14 0.20 0.19
Euro 1.1426 0

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