Jueves 29/10/20 PBI

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Jueves

Eventos económicos

PBI
Seguros de desempleo
Índice de las casas pendientes.
8:30 am Gross domestic product (SAAR) Q3 33.0% -31.4%
8:30 am Initial jobless claims (state program, SA) Oct. 24 770,000 787,000
8:30 am Initial jobless claims (total, NSA) Oct. 24 -- 1.10 million
8:30 am Continuing jobless claims state program, SA) Oct. 17 -- 8.37 million
8:30 am Continuing jobless claims (total, NSA) Oct. 10 -- 23.15 million
10 am Pending home sales index Sept.

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Futures al alza

LAST CHG %CHG
Crude Oil Futures 37.48 0.09 0.24
Brent Crude Futures 39.66 0.02 0.05
Gold Futures 1878.00 -1.20 -0.06
Silver Futures 23.390 0.031 0.13
DJIA Futures 26639 230 0.87
S&P 500 Futures 3292.00 28.50

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-426.48 -3.73
Japan: Nikkei 225 23331.94 -86.57 -0.37
UK: FTSE 100 5561.61 -21.19 -0.38
Crude Oil Futures 35.65 -1.74 -4.65
Gold Futures 1871.70 -7.50 -0.40
Yen 104.26 -0.05 -0.05
Euro 1.1700 -0.0046

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71.03 -119.65 -3.53
China: Shanghai Composite 3272.73 3.49 0.11
Japan: Nikkei 225 23331.94 -86.57 -0.37
UK: FTSE 100 5562.66 -20.14 -0

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T CHG %CHG
Crude Oil Futures 35.66 -1.73 -4.63
Brent Crude Futures 37.95 -1.69 -4.26
Gold Futures 1873.00 -6.20 -0.33
Silver Futures 23.040 -0.319 -1.37
DJIA Futures 26327 -82 -0.31
S&P 500 Futures 3262.75 -0.75

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https://lta.reuters.com/article/oro-dem ... AKBN27E22I

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https://lta.reuters.com/article/salud-c ... AKBN27E1YE

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Copper October 29,08:19
Bid/Ask 3.0305 - 3.0314
Change -0.0263 -0.86%
Low/High 3.0274 - 3.0795
Charts

Nickel October 29,08:19
Bid/Ask 7.0405 - 7.0428
Change -0.0360 -0.51%
Low/High 6.9767 - 7.2489
Charts

Aluminum October 29,08:16
Bid/Ask 0.8107 - 0.8109
Change -0.0073 -0.89%
Low/High 0.8096 - 0.8217
Charts

Zinc October 29,08:19
Bid/Ask 1.1327 - 1.1331
Change -0.0119 -1.04%
Low/High 1.1261 - 1.1490
Charts

Lead October 29,08:19
Bid/Ask 0.8030 - 0.8032
Change -0.0152 -1.86%
Low/High 0.8023 - 0.8252
Charts

Uranium Oct 26, 2020
Ux U308 price: 29.50
Change fro

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U.S. GDP grew 33.1% in the third quarter, vs 32% estimate
PUBLISHED THU, OCT 29 20208:32 AM EDTUPDATED MOMENTS AGO
Jeff Cox
@JEFF.COX.7528
@JEFFCOXCNBCCOM
Coming off the worst quarter in history, the U.S. economy grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic put itself back together.

Third-quarter gross domestic product, a measure of the total goods and services produced in the July-to-September period, expanded at a 33.1% annualized pace, the Commerce Department reported Wednesday.


That came after a 31.4% plunge in the second quarter and was better than the 32% estimate from economists surveyed by Dow Jones. The previous post-World War II record was the 16.7% burst in the first quarter of 1950.

The powerful growth pace came after governments across the country shut down large swaths of activity in an effort to stem the spread of Covid-19, which the World Health Organization declared a pandemic on March 11.

Since then, some 228,000 American lives have been lost to the virus, which has infected nearly 9 million. The economy has been in a technical recession since February, as first-quarter growth declined at a 5% pace.

Q3 growth came amid a resurgence in consumer activity, which comprises about two-thirds of GDP. Though most of the country remained in a cautious reopening, shoppers began returning to stores and the bar and restaurant industry entered the first tepid phase of resuming business despite restrictions on capacity.

Economic activity was strong in the real estate sector, and consumer and business executive surveys showed that confidence has remained high about the future despite the virus-related setbacks.

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U.S. weekly jobless claims total 751,000, vs 778,000 expected
PUBLISHED THU, OCT 29 20208:30 AM EDT
Fred Imbert
@FOIMBERT
Hundreds of unemployed workers wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky.
Hundreds of unemployed workers wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19 in Frankfort, Kentucky.
John Sommers II | Getty Images
Economists polled by Dow Jones expected initial jobless claims to come in at 778,000 for the week of Oct. 24.

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https://www.wsj.com/articles/samsung-po ... 37?mod=mhp

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https://www.bloomberg.com/news/articles ... vid-plunge

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LAST CHG %CHG
Crude Oil Futures 35.49 -1.90 -5.08
Brent Crude Futures 37.78 -1.86 -4.69
Gold Futures 1867.40 -11.80 -0.63
Silver Futures 22.830 -0.529 -2.26
DJIA Futures 26405 -4 -0.02
S&P 500 Futures 3269.75

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ECB hints at more stimulus in December as new coronavirus lockdowns are imposed
PUBLISHED THU, OCT 29 20208:46 AM EDTUPDATED 3 MIN AGO
Silvia Amaro
@SILVIA_AMARO
The latest statement from the ECB suggests that policymakers will adjust their monetary policy based on upcoming forecasts due in December.
The pre-commitment comes at a time when France and Germany have announced new nation-wide lockdowns.
“The door for December action is wide open. Let’s hope that the situation doesn’t worsen further so that the ECB has to rush through the door earlier than planned,” Carsten Brzeski, global head of macro at ING, said.
President of the European Central Bank Christine Lagarde.
President of the European Central Bank Christine Lagarde.
Pool | Getty Images News | Getty Images
The European Central Bank hinted at more monetary stimulus on Thursday, as the two largest economies in the region prepare for a second national lockdown.

The bank decided to keep its rates and wider monetary policy unchanged, but hinted at additional policy action in the euro zone as soon as December.


“The Governing Council will carefully assess the incoming information, including the dynamics of the pandemic, prospects for a rollout of vaccines and developments in the exchange rate,” the ECB said in a statement on Thursday.

It said new economic projections in December “will allow a thorough reassessment” of the economy and risks.

“On the basis of this updated assessment, the Governing Council will recalibrate its instruments, as appropriate, to respond to the unfolding situation,” the bank added.

In September, the ECB estimated a contraction of 8% in euro zone GDP this year, followed by a rebound of 5% in 2021. In terms of headline inflation, it forecast 0.3% for 2020, followed by an increase to 1% in 2021. But the institution, led by Christine Lagarde, will update these forecasts in December.

The latest statement from the ECB suggests that policymakers will adjust their monetary policy based on those upcoming forecasts.


“The door for December action is wide open. Let’s hope that the situation doesn’t worsen further so that the ECB has to rush through the door earlier than planned,” Carsten Brzeski, global head of macro at ING, said in a note.

No action — for now

Thursday’s decision means the interest rate on the ECB’s main refinancing operations, marginal lending facility and deposit facility remain at 0%, 0.25% and -0.5%, respectively. In addition, its Pandemic Emergency Purchase Program, created in the wake of the coronavirus outbreak, was left unchanged.

It comes as the euro zone battles a rapid increase in the number of Covid-19 infections, leading some governments to implement new restrictions.

French President Emmanuel Macron on Wednesday announced a second national lockdown, though schools and factories will remain open. While Germany announced on Wednesday a “light lockdown,” with restaurants, bars and public events closed as of next week.

The second wave of infections could deliver a fresh blow to the euro zone economy, which was expected to rebound in the second half of 2020. Preliminary data released last week showed that business activity in the euro area shrank in October amid new social restrictions. However, the picture is expected to worsen if governments go ahead with additional measures.

Another issue facing the ECB is the strength of the euro, which has appreciated almost 5% against the U.S. dollar since the start of the year. The central bank said at its September meeting that it discussed the strengthening of the euro but stressed that it doesn’t target the exchange rate with its policies. A stronger euro is often seen as an issue for Europe’s economy, given the reliance of the euro area on its exports.

This is a breaking news sto

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LAST CHG %CHG
Crude Oil Futures 35.30 -2.09 -5.59
Brent Crude Futures 37.58 -2.06 -5.20
Gold Futures 1860.60 -18.60 -0.99
Silver Futures 22.740 -0.619 -2.65
DJIA Futures 26390 -19 -0.07
S&P 500 Futures 3270