Lunes 17/08/20

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Lunes

Eventos económicos

Índice de NY
Índice de los constructores

Entre los eventos más importantes de la semana tenemos los inicios de casas y los permisos de los constructores el Martes; las minutas del Fed el Miércoles; los indicadores líderes y los seguros de desempleo el Juves; el PMI manufacturrero, el PMI de servicios y ventas de casas existentes el viernes.

17
8:30 am Empire state index Aug. -- 17.2
10 am NAHB home builders' index Aug. -- 72
TUESDAY, AUG. 18
8:30 am Housing starts July -- 1.186 million
8:30 am Building permits July -- 1.241 million
WEDNESDAY, AUG. 19
2 pm FOMC minutes July 28-29
THURSDAY, AUG. 20
8:30 am Initial jobless claims (regular state program, SA) Aug. 15 -- N/A
8:30 am Initial jobless claims (total, NSA) Aug. 15 -- N/A
8:30 am Continuing jobless claims (regular state program) Aug. 8 -- N/A
8:30 am Continuing jobless claims (total, NSA) Aug. 1 -- N/A
8:30 am Philly Fed index Aug -- 24.1
10 am Leading economic indicators July -- 2.0%
FRIDAY, AUG. 21
9:45 am Markit manufacturing PMI (flash) Aug. -- 50.9
9:45 am Markit services PMI (flash) Aug. -- 50.0
10 am Existing home sales July -- 4.72 million
LAST WEEK'S MAJOR U.S.

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LAST CHG %CHG
Crude Oil Futures 42.32 0.31 0.74
Brent Crude Futures 45.12 0.32 0.71
Gold Futures 1957.60 7.80 0.40
Silver Futures 26.795 0.706 2.71
DJIA Futures 27847 55 0.20
S&P 500 Futures 3367.25 5.85

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LAST CHG %CHG
Crude Oil Futures 41.98 -0.03 -0.07
Brent Crude Futures 44.70 -0.10 -0.22
Gold Futures 1963.90 14.10 0.72
Silver Futures 27.000 0.911 3.49
DJIA Futures 27855 63 0.23
S&P 500 Futures 3372.00

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-23.20 -0.21
Japan: Nikkei 225 23096.75 -192.61 -0.83
UK: FTSE 100 6116.39 26.35 0.43
Crude Oil Futures 41.95 -0.06 -0.14
Gold Futures 1963.50 13.70 0.70
Yen 106.33 -0.26 -0.24
Euro 1.1846

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August 17,06:59
Bid/Ask 2.9099 - 2.9106
Change +0.0162 +0.56%
Low/High 2.8835 - 2.9205
Charts

Nickel August 17,06:59
Bid/Ask 6.5068 - 6.5091
Change +0.0162 +0.25%
Low/High 6.4690 - 6.5304
Charts

Aluminum August 17,06:59
Bid/Ask 0.7874 - 0.7879
Change +0.0086 +1.11%
Low/High 0.7788 - 0.7900
Charts

Zinc August 17,06:58
Bid/Ask 1.0839 - 1.0843
Change +0.0153 +1.44%
Low/High 1.0652 - 1.0965
Charts

Lead August 17,06:58
Bid/Ask 0.8881 - 0.8887
Change +0.0106 +1.21%
Low/High 0.8775 - 0.8901
Charts

Uranium Aug 10, 2020
Ux U308 price: 32.00
Change from
previous week -0.10

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https://lta.reuters.com/articulo/japon- ... D0KQ-OUSLT

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https://lta.reuters.com/articulo/princi ... AKCN25D0R1

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https://lta.reuters.com/articulo/princi ... AKCN25D0R1

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CHG %CHG
DJIA 27931.02 34.30 0.12
S&P 500 3383.10 10.25 0.30
Nasdaq Composite 11019.30 -23.20 -0.21
Japan: Nikkei 225 23096.75 -192.61 -0.83
UK: FTSE 100 6133.39 43.35 0.71
Crude Oil Futures 41.97 -0.04 -0.10
Gold Futures 1970.20 20.40 1.05
Yen 106.20 -0.40 -0.37
Euro 1.1858 0.0014

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LAST CHG %CHG
Crude Oil Futures 41.96 -0.05 -0.12
Brent Crude Futures 44.67 -0.13 -0.29
Gold Futures 1971.20 21.40 1.10
Silver Futures 27.305 1.216 4.66
DJIA Futures 27910 118 0.42
S&P 500 Futures 3378.50 17.10 0.51
Currencies9

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Stocks rise slightly to start the week, S&P 500 makes another attempt at new record
PUBLISHED SUN, AUG 16 20206:00 PM EDTUPDATED 5 MIN AGO
Fred Imbert
@FOIMBERT
WATCH NOW
VIDEO00:52
Wall Street points to modest gains at open
Stocks rose slightly on Monday as Wall Street tried to build on last week’s gain and the S&P 500 attempted to break its Feb. 19 record high.

The S&P 500 and Nasdaq were each coming off three-week winning streaks. The Dow also posted a weekly gain.


Despite those gains, the S&P 500 failed to notch a fresh record high after flirting with the milestone for most of last week. Through Friday’s close, the S&P 500 was just 0.6% below 3,393.52, the intraday record set in February.

“The S&P 500 is overbought into key resistance and up against seasonal headwinds,” Ari Wald, head of technical analysis at Oppenheimer, said in a note to clients. But should the market “consolidate from here, we’ll be monitoring for an accumulation of cyclical equities to confirm what we expect to be a breakout to a new high.”

Wall Street also grappled with lingering concerns over stalled coronavirus stimulus negotiations and simmering U.S.-China tensions.

Both Democrats and Republicans have indicated they are at a stalemate over a new stimulus package. Democrats have proposed to send more than $900 billion to states and municipalities in one bill. A counteroffer from the GOP did not include any additional aid for states and local governments.

On Friday, President Donald Trump tweeted: “I am ready to send more money to States and Local governments to save jobs for Police, Fire Fighters, First Responders, and Teachers. DEMOCRATS ARE HOLDING THIS UP!”


House Speaker Nancy Pelosi, D-Calif., said on Sunday she would call the House back into session to address funding for the U.S. Postal Service, a key issue in the stimulus negotiations.

On the U.S.-China front, Trump issued an executive order on Friday forcing ByteDance to sell or spin off its U.S. TikTok business in 90 days. Trump cited “credible evidence” that ByteDance “might take action that threatens to impair the national security of the United States.”

Trump’s order came as the relationship between both countries continues to deteriorate. The U.S. has criticized China over its initial handling of the coronavirus outbreak.

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Homebuilder sentiment jumps to record high, but soaring lumber prices could ‘dampen momentum’
PUBLISHED MON, AUG 17 20208:40 AM EDTUPDATED 36 MIN AGO
Diana Olick
@IN/DIANAOLICK
@DIANAOLICKCNBC
@DIANAOLICK
Builder confidence in the newly built, single-family home market jumped six points to 78 in August on the National Association of Home Builders/Wells Fargo Housing Market Index.
Anything above 50 is considered positive sentiment.
The cost of lumber is soaring not only because of increased demand but because mills shut down in April and May and did not expect to see the kind of strong demand they’re seeing now.
WATCH NOW
VIDEO02:11
Homebuilder sentiment jumps to record high
Potential buyers continue to flood into model homes across the nation, and that has builders feeling better about their business than they have in over 20 years. But rising lumber prices could sap the market’s momentum this fall.

Builder confidence in the newly built, single-family home market jumped six points to 78 in August on the National Association of Home Builders/Wells Fargo Housing Market Index. Anything above 50 is considered positive sentiment.


The index is now at the highest level in the 35-year history of the monthly series and matches the record set in December 1998. Builder sentiment plunged to 30 in April, when the coronavirus pandemic shut down the U.S. economy, but it recovered quickly as consumers suddenly sought more space in less urban areas.

“The demand for new single-family homes continues to be strong, as low interest rates and a focus on the importance of housing has stoked buyer traffic to all-time highs as measured on the HMI,” said NAHB Chairman Chuck Fowke. “However, the V-shaped recovery for housing has produced a staggering increase for lumber prices, which have more than doubled since mid-April. Such cost increases could dampen momentum in the housing market this fall, despite historically low interest rates.”

The cost of lumber is soaring not only because of increased demand but because mills shut down in April and May and did not expect to see the kind of strong demand they’re seeing now. There have also been issues with transportation and labor.

Of the index’s three components, current sales conditions rose six points to 84. Sales expectations in the next six months increased three points to 78, and buyer traffic jumped eight points to 65, its highest level in the history of the survey.

Builders are clearly benefiting from the severe shortage of existing homes for sale. There were too few homes to meet demand even before the pandemic struck, and now fewer homeowners are willing to list their homes for sale.


Mortgage rates dropped to a record low to start August but pushed higher last week, as Treasury yields rose and mortgage giants Fannie Mae and Freddie Mac increased fees to lenders. Unless rates really break much higher, which is unlikely, the latest increase is unlikely to throw much cold water on the very strong demand for housing.

“Housing has clearly been a bright spot during the pandemic and the sharp rebound in builder confidence over the summer has led NAHB to upgrade its forecast for single-family starts, which are now projected to show only a slight decline for 2020,” said NAHB chief economist Robert Dietz. “Single-family construction is benefiting from low interest rates and a noticeable suburban shift in housing demand to suburbs, exurbs and rural markets as renters and buyers seek out more affordable, lower density markets.”

Regionally, on a three-month moving, builder sentiment in the Northeast jumped 20 points to 65, in the Midwest it rose 13 points to 63. In the South sentiment increased 12 points to 71 and in the West it rose 15 points to 78.

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Barrick Gold’s stock soars after Buffett’s Berkshire reveals stake
PUBLISHED MON, AUG 17 20208:05 AM EDTUPDATED 10 MIN AGO
Maggie Fitzgerald
@MKMFITZGERALD
Barrick Gold mining
Barrick Gold mining
ullstein bild | Getty Images
Barrick Gold’s stock is popping 10% Monday after legendary investor Warren Buffett’s Berkshire Hathaway revealed a stake in the gold miner’s stock.

Berkshire added a $562 million position in Barrick Gold in the second quarter, according to SEC filings Friday. While the position is small for Berkshire — which owns more than $89 billion in Apple stock — the conglomerate is the 11th largest shareholder of the gold mining company, according to FactSet.


This was an unusual move considering Buffett, a long-time value investor, has long professed a dislike for gold, preferring assets that have cash flows or pay dividends.


Shares of miner have surged more than 45% this year as investors rush into the safe haven metal trade during the coronavirus pandemic. Gold prices have had a banner year, topping $2,000 per ounce this month for the first time ever on worries about the impact of Covid-19 on the economy and lower bond yields. Spot gold has rallied nearly 30% in 2020, making it one of the the best-performing mainstream assets this year.

Barrick Gold has gold and copper mining operations in 13 countries. Its shares trade on the New York Stock Exchange under ticker GOLD.

To be sure, because Berkshire Hathaway’s position in Barrick Gold is relatively small, one of Buffett’s investing lieutenants, Ted Weschler or Todd Combs, could be responsible for the purchase rather than the Oracle of Omaha.

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LAST CHG %CHG
DJIA 27842.65 -88.37 -0.32
S&P 500 3380.92 8.07 0.24
Nasdaq Composite 11093.71 74.41 0.68
Japan: Nikkei 225 23096.75 -192.61 -0.83
UK: FTSE 100 6130.51 40.47 0.66
Crude Oil Futures 42.41 0.40 0.95
Gold Futures 1986.00 36.20 1.86
Yen 106.10 -0.50 -0.47
Euro 1.1874

[admin]

LAST CHG %CHG
DJIA 27842.65 -88.37 -0.32
S&P 500 3380.92 8.07 0.24
Nasdaq Composite 11093.71 74.41 0.68
Japan: Nikkei 225 23096.75 -192.61 -0.83
UK: FTSE 100 6130.51 40.47 0.66
Crude Oil Futures 42.41 0.40 0.95
Gold Futures 1986.00 36.20 1.86
Yen 106.10 -0.50 -0.47
Euro 1.1874