Viernes 28/10/22 Las cifras del empleo

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Viernes

Eventos económicos

Las cifras del empleo
Nivel de desempleo
Participación de la fuerza laboral

8:30 am Nonfarm payrolls (level change) Oct. -- 263,000
8:30 am Unemployment rate Oct. -- 3.5%
8:30 am Average hourly earnings Oct. -- 0.3%
8:30 am Labor-force participation rat

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-178.32 -1.63
Japan: Nikkei 225 27194.72 -150.52 -0.55
UK: FTSE 100 7073.69 17.62 0.25
Crude Oil Futures 88.08 -1.00 -1.12
Gold Futures 1668.00 2.40 0.14
Yen 146.20 -0.12 -0.08
Euro 0.9988

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-23.30 -0.61
China: Shanghai Composite 2958.25 -24.65 -0.83
Japan: Nikkei 225 27194.65 -150.59 -0.55
UK: FTSE 100 7073.69

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T CHG %CHG
Crude Oil Futures 88.08 -1.00 -1.12
Brent Crude Futures 94.16 -0.88 -0.93
Gold Futures 1667.70 2.10 0.13
Silver Futures 19.570 0.076 0.39
DJIA Futures 32109 35 0.11
S&P 500 Futures 3804.25 -15.25

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LAST CHG %CHG
Euro (EUR/USD) 0.9989 0.0023 0.23
Japanese Yen (USD/JPY) 146.15 -0.16 -0.11
U.K. Pound (GBP/USD) 1.1572 0.0007 0.06
Swiss Franc (USD/CHF) 0.9887 -0.0020 -0.20
Chinese Yuan (USD/CNY) 7.2286 -0.0002 0.00
U.S. Dollar Index 110

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Copper October 27,23:38
Bid/Ask 3.4892 - 3.4910
Change -0.0299 -0.85%
Low/High 3.4774 - 3.5335
Charts

Nickel October 27,14:35
Bid/Ask 10.0362 - 10.1475
Change -0.0018 -0.02%
Low/High 10.0362 - 10.1475
Charts

Aluminum October 27,23:38
Bid/Ask 1.1188 - 1.1197
Change -0.0118 -1.04%
Low/High 1.1102 - 1.1512
Charts

Zinc October 27,23:37
Bid/Ask 1.3295 - 1.3304
Change -0.0175 -1.30%
Low/High 1.3249 - 1.3510
Charts

Lead October 27,23:38
Bid/Ask 0.8521 - 0.8532
Change +0.0009 +0.11%
Low/High 0.8512 - 0.8686
Charts

Uranium Oct 24, 2022
Ux U308 price: 52.60
Change fr

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https://www.wsj.com/articles/apple-aapl ... 20?mod=mhp

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Amazon stock sinks 13% on weak fourth-quarter guidance
PUBLISHED THU, OCT 27 20228:00 AM EDTUPDATED THU, OCT 27 20227:57 PM EDT
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Annie Palmer
@ANNIERPALMER
Amazon reported third-quarter results on Thursday that missed analysts’ estimates.
It also gave a disappointing sales forecast for the fourth quarter.
The stock sunk in extended trading.
In this article
AMZN
-13.52 (-12.18%)
After Hours
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This feels like an overreaction to Amazon earnings, says Loup’s Gene Munster
Amazon shares plummeted 13% in extended trading on Thursday after the company issued a disappointing fourth-quarter forecast and missed on revenue estimates.

Here are the key numbers:

Earnings: 28 cents per share
Revenue: $127.10 billion vs. $127.46 billion, according to Refinitiv estimates

Here’s how the other key Amazon segments did during the quarter:

Amazon Web Services: $20.5 billion vs. $21.1 billion expected, according to StreetAccount
Advertising: $9.55 billion vs. $9.48 billion expected, according to StreetAccount
Amazon said it expects to post fourth-quarter revenue between $140 billion and $148 billion, representing year-over-year growth of 2% to 8%. Analysts were expecting sales to come in at $155.15 billion, according to Refinitiv.

Revenue grew 15% in the third quarter, marking a return to double-digit sales expansion, but it still fell short of Wall Street’s projections.

Like the rest of Big Tech, Amazon has had a rocky year so far as it confronts macroeconomic headwinds, soaring inflation and rising interest rates. Those challenges have coincided with a slowdown in Amazon’s core retail business, as consumers returned to shopping in stores.

It’s the second time this year Amazon’s results have been disappointing enough to spark a double-digit percentage selloff. In April, a weak forecast for the second quarter led to a 14% drop in the stock.


Under CEO Andy Jassy, who took the helm from founder Jeff Bezos in July 2021, Amazon has responded to rising expenses by aggressively cutting costs across numerous divisions in recent months. It shed warehouse space, halted some experimental projects, shuttered its telehealth service and froze hiring for corporate roles in its retail business.

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.
Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.
David Ryder | Bloomberg | Getty Images
“There is obviously a lot happening in the macroeconomic environment,” Jassy said in the press release. “And we’ll balance our investments to be more streamlined without compromising our key long-term, strategic bets.”

Amazon CFO Brian Olsavsky said the company cut its capital expenditures budget for this year by a third after it spent heavily over the last two years on things like ramping its fulfillment and logistics network to meet pandemic-induced demand.

The company is now taking steps to “tighten our belt, including pausing hiring in certain businesses and winding down products and services where we believe our resources are better spent elsewhere,” Olsavsky said.

He added that the economic environment in Europe was worse in the quarter than in North America, because the “Ukraine war and the energy crisis issues have really compounded in that geography.”

Amazon’s gloomy forecast doesn’t bode well for the holiday shopping period. Analysts are already girding for a humdrum season, with online sales expected to grow just 2.5%, according to Adobe.

Amazon’s Prime Early Access Sale, held earlier this month, could help juice year-end sales. Data collected by third-party analysts signaled the event may have been lackluster, as shoppers feel the pressure of inflation. Jassy said in the release that customer response to the new discount event, and Prime Day, hosted in July, was “quite positive.”

Amazon is rounding out a disappointing earnings week for Big Tech. Alphabet and Facebook parent Meta both posted earnings that fell short of expectations as they navigate challenges in the digital ad market. Microsoft wasn’t immune, reporting softer-than-expected cloud revenue and weak quarterly guidance.

Apple, which also reported on Thursday, beat on earnings and revenue but came up short in core product categories including the iPhone business and the services unit. The stock is trading lower after hours.

Operating income at Amazon fell by almost half from a year earlier to $2.53 billion from $4.85 billion. Amazon Web Services accounted for all of the company’s profit, plus some, as the cloud unit generated operating income of $5.4 billion. Still, AWS posted the slowest revenue growth since 2014, when Amazon began breaking out results for the unit.

Amazon’s advertising business was one bright spot in the results, bucking the trend of its digital ad peers Facebook, Google and Snap, whose ads businesses have gotten whacked due to the economic environment and Apple’s iOS privacy changes last year. Ad revenue surged 25% year over year to $9.55 billion during the quarter, which handily topped analysts’ estimates of $9.48 billion.

Analysts have taken different approaches to their per-share earnings estimates because of Amazon’s hefty investment in electric-vehicle maker Rivian, which went public late last year. Amazon reported net income of $2.9 billion in the third quarter, which includes a gain of $1.1 billion in non-operating income from its Rivian stake. In the prior two quarters, the Rivian investment resulted in total markdowns of $11.5 billion.

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LAST CHG %CHG
Crude Oil Futures 88.50 -0.58 -0.65
Brent Crude Futures 94.59 -0.45 -0.47
Gold Futures 1656.30 -9.30 -0.56
Silver Futures 19.310 -0.184 -0.94
DJIA Futures 32079 5 0.02
S&P 500 Futures 3804.00 -15.50 -0.4

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LAST CHG %CHG
Euro (EUR/USD) 0.9963 -0.0002 -0.02
Japanese Yen (USD/JPY) 147.33 1.02 0.69
U.K. Pound (GBP/USD) 1.1555 -0.0010 -0.09
Swiss Franc (USD/CHF) 0.9956 0.0049 0.49
Chinese Yuan (USD/CNY) 7.2520 0.0232 0.32
U.S. Dollar Index 110.63

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Apple Reports Record Revenue, Continuing Pandemic Streak
Tech giant’s iPhone sales grew by about 10%, falling slightly short of investor expectations

Aaron Tilley
Updated Oct. 27, 2022 6:38 pm ET

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“This is better than what we anticipated at the beginning of the quarter,” Apple Chief Financial Officer Luca Maestri said in an interview. Currency fluctuations had a negative impact on the company, he said. The dollar’s value has risen with respect to other currencies this year, a development that has weighed on the results of multinational corporations.

“Apple is not being hurt as much as we were originally worried about in terms of consumer demand,” said Daniel Morgan, a senior portfolio manager at Synovus Trust Co., which counts Apple among its largest holdings. “You could make the case that consumer demand is healthy based on these growth rates.”

The new iPhone 14 and Apple Watch models can detect severe car crashes and automatically call 911. But does it actually work? To find out, WSJ’s Joanna Stern and her video producer Kenny Wassus enlisted a demolition-derby driver to crash cars at a junkyard. Photo illustration: Adele Morgan
Growth slowed in Apple’s services business, an area some analysts say can point to slowing demand that may affect iPhone sales. Sales from services, which includes revenue from the App Store and Apple TV+, was $19.2 billion, up about 5% from the prior year but lower than year-over-year increases in previous quarters. Mr. Maestri said the services deceleration was due to effects of foreign exchange as well as slowdowns in digital advertising and gaming.

Investors have grown concerned about slowdowns in its services business because it is an important area for Apple’s business diversification as the iPhone becomes a more mature product. Earlier this week, Apple raised the price of its Apple Music and Apple TV+ streaming services, which could give a boost to services revenue for the current quarter.

Apple said in a call with investors that year-over-year sales growth in the December quarter will be lower than the 8% revenue increase in the three-month period that ended in September.

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Sales from the iPhone, which continue to account for around half the company’s total revenue, were $42.6 billion, advancing 9.7% from the previous year.

Overall sales were up 8% from the prior year at $90.1 billion, a record for the July-to-September period. Net income for the quarter was $20.7 billion, also a record. Total revenue, iPhone sales and net income surpassed analyst estimates.

Chief Executive Tim Cook said in July that the company had yet to see evidence in its internal data that macroeconomic headwinds were having an impact on its iPhone sales.

Apple’s fellow tech giants are seeing significant slowdowns. Earlier this week, Microsoft Corp., Alphabet Inc.’s Google and Facebook parent Meta Platforms Inc. all reported disappointing earnings, citing factors such as softening consumer demand for PCs or weakness in digital advertising.

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Profit slumped at Apple’s largest smartphone rival, Samsung Electronics Co., as its memory-chip business goes through an industrywide downturn from weakening demand for PCs and smartphones.

Last month, Apple announced its latest lineup of smartphones with the iPhone 14, which includes two lower-priced base models as well as two premium versions of the phone with the Pro designation. Analysts were expecting weakness in the base models as consumers lean toward the Pro models, which come equipped with a significantly better camera and chips.

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The latest iPhone Pro models are estimated to account for 60% of overall iPhone 14 sales, according to J.P. Morgan analyst Samik Chatterjee. Previously, it was split more evenly between the base and Pro models in the iPhone 12 and 13 generations, he said.

Mr. Maestri said that, because of strong demand for its iPhone 14 Pro models, supply is constrained. “We’re working as hard as we can to satisfy the level of demand we’re seeing,” he said. Mr. Maestri said the company is also dealing with supply constraints for the Apple Watch Ultra due to high demand.

Strong Pro sales were expected to offset potential weakness in overall iPhone sales by boosting Apple’s average selling price for the iPhone. Since the introduction of a Pro model lineup in the 2019 iPhone 11 generation, iPhone buyers have been gradually conditioned into the higher end with Apple. Also with the arrival of 5G in late 2020, U.S. consumers have been willing to pay the premium.

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The average selling prices of the iPhone rose to $954 in the company’s June quarter, up from $783 in the 2019 September quarter, according to Consumer Intelligence Research Partners.

Sales from Greater China in the September quarter were $15.5 billion, up 6% from the previous year, compared with the $15.1 billion analysts expected. Analysts were concerned about the strength of Apple’s business in China, as the country continues to undergo more Covid-related lockdown measures.

How the Biggest Companie

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US Futures Slide as Yields, Big Tech Snap Rally: Markets Wrap
Amazon shares plunge almost 20% on downbeat sales forecast
Government bond gains unravel in run-up to FOMC meeting
ByTassia Sipahutar+Follow
October 27, 2022, 6:12 PM EDT
Updated onOctober 28, 2022, 7:48 AM EDT
Stocks slid along with US equity futures as disappointing results from tech giants soured sentiment and marred a tentative recovery in equities. Treasuries retreated, with benchmark yields topping 4%.

Contracts on the tech-heavy Nasdaq 100 were almost 1% lower on Amazon.com Inc.’s plunge after hours as its sales forecast trailed estimates. S&P 500 futures and the Stoxx Europe 600 pared losses to trade down 5%.

“We are starting to see some companies’ bleeding in terms of forecasts and unfortunately we’re starting to see the big caps in the market disappointing,” Banque Syz CIO Charles-Henry Monchau said in an interview with Bloomberg TV. “Earnings for us is still a headwind.”

Despite the downturn, the S&P 500 is heading for a second week of gains for the first time since August.

Fed's rate hikes have been driving dollar higher this year

The 10-year benchmark Treasury yield surpassed 4% as a rally in government bonds began to fizzle. Government bonds this week were buoyed by hopes that policymakers are preparing a downshift in aggressive rate hikes amid softer economic data.


The ECB delivered a second straight 75 basis-point hike on Thursday but dropped a prior reference to rate increases continuing for “several meetings,” an outcome that was considered dovish.

The Bank of Japan held its negative rate Friday, 10-year yield cap and asset purchases at the end of a two-day policy meeting, in line with the view of 49 economists surveyed by Bloomberg.

Economists still expect the Federal Reserve to hike by three-quarters of a percentage point for the fourth time in a row next week -- and tighter policy is starting to crimp corporate earnings.


Amazon shares plunged almost 20% in extended trading before paring losses, after the tech giant projected sluggish sales for the holiday quarter. Apple Inc. was steady in post-market trading after posting weaker-than-expected iPhone and services sales for its latest quarter.

Chinese assets also remained in focus, with foreign investors dumping a record amount of mainland China stocks this week and sending Hong Kong equities to a 13-year low. President Xi Jinping’s tightening grip on power hasn’t had the same impact domestically, with mainland investors hunting for bargains in Hong Kong.

Oil pared its weekly gain as investors shied away from risky assets on a dimming outlook for China and the wider global economy. West Texas Intermediate traded near $88 a barrel.



We Are Getting a Year-End Rally: Julius Baer’s Matthews
Mark Matthews, head of Asia research at Julius Baer, discusses the current state of markets, his outlook for tech stocks and where he’s finding opportunity. He speaks on Bloomberg Television.Source: Bloomberg
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Key events this week:

US personal income, personal spending, pending home sales, University of Michigan consumer sentiment, Friday
Some of the main moves in markets:

Stocks

Futures on the S&P 500 fell 0.5% as of 7:46 a.m. New York time
Futures on the Nasdaq 100 fell 0.9%
Futures on the Dow Jones Industrial Average were little changed
The Stoxx Europe 600 fell 0.5%
The MSCI World index fell 0.4%
Currencies

The Bloomberg Dollar Spot Index rose 0.2%
The euro was little changed at $0.9965
The British pound was little changed at $1.1558
The Japanese yen fell 0.7% to 147.32 per dollar
Cryptocurrencies

Bitcoin fell 1% to $20,190.15
Ether fell 1.7% to $1,501.65
Bonds

The yield on 10-year Treasuries advanced eight basis points to 4.00%
Germany’s 10-year yield advanced 15 basis points to 2.12%
Britain’s 10-year yield advanced five basis points to 3.45%
Commodities

West Texas Intermediate crude fell 0.8% to $88.39 a barrel
Gold futures fell 0.5% to $1,656.50 an ounce
— With assistance by Michael Msika, Kurt Schussler and Allegra Catelli

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LAST CHG %CHG
DJIA 32434.00 400.72 1.25
S&P 500 3836.45 29.15 0.77
Nasdaq Composite 10879.69 87.01 0.81
Japan: Nikkei 225 27105.20 -240.04 -0.88
UK: FTSE 100 7044.95 -28.74 -0.41
Crude Oil Futures 88.18 -0.90 -1.01
Gold Futures 1648.80 -16.80 -1.01
Yen 147.48 1.16 0.80
Euro 0.9982

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LAST CHG %CHG
DJIA 32434.00 400.72 1.25
S&P 500 3836.45 29.15 0.77
Nasdaq Composite 10879.69 87.01 0.81
Japan: Nikkei 225 27105.20 -240.04 -0.88
UK: FTSE 100 7044.95 -28.74 -0.41
Crude Oil Futures 88.18 -0.90 -1.01
Gold Futures 1648.80 -16.80 -1.01
Yen 147.48 1.16 0.80
Euro 0.9982

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LAST CHG %CHG
DJIA 32609.02 575.74 1.80
S&P 500 3863.88 56.58 1.49
Nasdaq Composite 10969.80 177.13 1.64
Japan: Nikkei 225 27105.20 -240.04 -0.88
UK: FTSE 100 7048.69 -25.00 -0.35
Crude Oil Futures 88.18 -0.90 -1.01
Gold Futures 1645.30 -20.30 -1.22
Yen 147.43 1.11 0.76
Euro 0.9954 -0.0012 -0.12