Miércoles 11/02/22 El anuncio del Fed

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Miércoles

Eventos económicos

Reporte del empleo privado según ADP
El anuncio del Fed
Conferencia de prensa de Jerome Powell

ADP employment report (level change) Oct. 195,000 208,000
10 am Rental vacancy rate Q3 -- 5.6%
2 pm FOMC announcement -- 3.00%-3.25%
2:30 pm Fed Chair Jerome Powell press conference

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-97.30 -0.89
Japan: Nikkei 225 27683.35 4.43 0.02
UK: FTSE 100 7186.16 91.63 1.29
Crude Oil Futures 89.33 0.96 1.09
Gold Futures 1651.60 1.90 0.12
Yen 147.31 -0.93 -0.63
Euro 0.9892

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-15.88 -0.41
China: Shanghai Composite 2975.12 5.92 0.20
Japan: Nikkei 225 27681.20 2.28 0.01
UK: FTSE 100 7186.16 91.6

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T CHG %CHG
Crude Oil Futures 89.33 0.96 1.09
Brent Crude Futures 95.52 0.87 0.92
Gold Futures 1651.70 2.00 0.12
Silver Futures 19.655 -0.012 -0.06
DJIA Futures 32734 49 0.15
S&P 500 Futures 3873.75 7

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LAST CHG %CHG
Euro (EUR/USD) 0.9891 0.0018 0.18
Japanese Yen (USD/JPY) 147.32 -0.92 -0.62
U.K. Pound (GBP/USD) 1.1509 0.0027 0.24
Swiss Franc (USD/CHF) 0.9982 -0.0020 -0.20
Chinese Yuan (USD/CNY) 7.2789 0.0015 0.02
U.S. Dollar Index 111.31

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YIELD(%) YIELD CHG
U.S. 10 Year 4.040 -0.006
Germany 10 Year 2.131 -0.012
U.K. 10 Year 3.464 -0.046
Japan 10 Year 0.256 0.004
Australia 10 Year 3.781 0.007
China 10 Year 2.691

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Copper November 01,22:39
Bid/Ask 3.5010 - 3.5023
Change +0.0052 +0.15%
Low/High 3.4869 - 3.5086
Charts

Nickel November 01,14:58
Bid/Ask 10.6082 - 10.6195
Change +0.0068 +0.06%
Low/High 10.2961 - 10.6195
Charts

Aluminum November 01,22:39
Bid/Ask 1.1124 - 1.1136
Change -0.0043 -0.39%
Low/High 1.1090 - 1.1188
Charts

Zinc November 01,22:39
Bid/Ask 1.2687 - 1.2705
Change -0.0096 -0.75%
Low/High 1.2550 - 1.2831
Charts

Lead November 01,22:36
Bid/Ask 0.8930 - 0.8942
Change -0.0057 -0.64%
Low/High 0.8930 - 0.9037
Charts

Uranium Oct 24, 2022
Ux U308 price: 52.60
Change from
previous week

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https://www.wsj.com/articles/fed-meetin ... 81?mod=mhp

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T CHG %CHG
DJIA 32653.20 -79.75 -0.24
S&P 500 3856.10 -15.88 -0.41
Nasdaq Composite 10890.85 -97.30 -0.89
Japan: Nikkei 225 27663.39 -15.53 -0.06
UK: FTSE 100 7168.31 -17.85 -0.25
Crude Oil Futures 88.58 0.21 0.24
Gold Futures 1658.80 9.10 0.55
Yen 147.04 -1.20 -0.81
Euro 0.9902 0.0028

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CHG %CHG
Crude Oil Futures 88.45 0.08 0.09
Brent Crude Futures 94.85 0.20 0.21
Gold Futures 1657.80 8.10 0.49
Silver Futures 19.755 0.088 0.45
DJIA Futures 32692 7 0.02
S&P 500 Futures 3868.00 2.00

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https://www.wsj.com/articles/israel-ele ... 38?mod=mhp

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https://www.wsj.com/articles/russia-say ... 89?mod=mhp

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Stocks making the biggest moves premarket: CVS, Estee lauder, Canada Goose and others
PUBLISHED WED, NOV 2 20228:00 AM EDT
thumbnail
Peter Schacknow
@PETERSCHACK
In this article
PARA
-1.67 (-8.71%)
After Hours
GOOS-CA
UNCH
EL
-19.90 (-9.62%)
After Hours
CVS
-0.62 (-0.66%)
After Hours
News Update – Pre-MarketsWATCH NOW
VIDEO01:34
News Update – Pre-Markets
Check out the companies making headlines before the bell:

CVS (CVS) – CVS gained 1.9% in the premarket after reporting better-than-expected revenue and profit for its latest quarter. The company also raised its adjusted full-year guidance. The outlook excludes charges related to a just-announced $5 billion settlement of opioid litigation.


Estee Lauder (EL) – The cosmetics maker’s shares tumbled 11.5% in premarket trading after the company issued a weaker-than-expected outlook, noting higher costs, a stronger US dollar and Covid lockdowns in China. Estee Lauder reported better-than-expected earnings for its latest quarter.

Canada Goose (GOOS) – The outerwear company cut its full-year revenue forecast, prompting a 2.4% premarket drop in its shares. Canada Goose is seeing Covid restrictions in China weigh on its sales.

Paramount Global (PARA) – The media company’s shares slid 8.5% in the premarket after top and bottom line misses for its latest quarter.

Tupperware (TUP) – The maker of household storage products said it may not be able to comply with the covenants in its credit agreements, and that issue raises doubts about its ability to continue as a going concern. The stock plummeted 36% in premarket action.

Cheesecake Factory (CAKE) – Cheesecake Factory shares lost 3.3% in the premarket after the restaurant chain reported an unexpected quarterly loss. Cheesecake Factory pointed to higher costs, particularly for utilities and building maintenance.


Livent (LTHM) – Livent lost 4.7% in premarket trading after the lithium producer cut its full-year sales and profit forecast. The company said inflation and other economic factors are crimping production of the metal used in electric vehicle batteries.

Match Group (MTCH) – Match Group shares surged 14.7% in premarket trading after the dating service operator reported better-than-expected quarterly revenue, driven by a boost in paid subscriptions for its Tinder service.

Mondelez (MDLZ) – Mondelez gained 3.3% in the premarket after the maker of Oreos, Sour Patch Kids, and other snacks raised its full-year outlook. The company has benefited from price hikes that are not hurting demand for its products.

Rogers Corp. (ROG) – Rogers plunged 40.8% in premarket action after DuPont (DD) ended its $5.2 billion buyout deal for the engineering materials maker. The deal was terminated because the parties could not obtain the necessary regulatory clearances in China. DuPont gained 3.6%.

Caesars Entertainment (CZR) – Caesars shares rallied 6.8% in premarket trading after the resort operator topped analyst estimates for both the top and bottom lines during its latest quarter. Caesars also said its digital betting business turned profitable on an adjusted basis for the quarter, 12 months ahead of the company’s target.

[admin]

Stocks making the biggest moves premarket: CVS, Estee lauder, Canada Goose and others
PUBLISHED WED, NOV 2 20228:00 AM EDT
thumbnail
Peter Schacknow
@PETERSCHACK
In this article
PARA
-1.67 (-8.71%)
After Hours
GOOS-CA
UNCH
EL
-19.90 (-9.62%)
After Hours
CVS
-0.62 (-0.66%)
After Hours
News Update – Pre-MarketsWATCH NOW
VIDEO01:34
News Update – Pre-Markets
Check out the companies making headlines before the bell:

CVS (CVS) – CVS gained 1.9% in the premarket after reporting better-than-expected revenue and profit for its latest quarter. The company also raised its adjusted full-year guidance. The outlook excludes charges related to a just-announced $5 billion settlement of opioid litigation.


Estee Lauder (EL) – The cosmetics maker’s shares tumbled 11.5% in premarket trading after the company issued a weaker-than-expected outlook, noting higher costs, a stronger US dollar and Covid lockdowns in China. Estee Lauder reported better-than-expected earnings for its latest quarter.

Canada Goose (GOOS) – The outerwear company cut its full-year revenue forecast, prompting a 2.4% premarket drop in its shares. Canada Goose is seeing Covid restrictions in China weigh on its sales.

Paramount Global (PARA) – The media company’s shares slid 8.5% in the premarket after top and bottom line misses for its latest quarter.

Tupperware (TUP) – The maker of household storage products said it may not be able to comply with the covenants in its credit agreements, and that issue raises doubts about its ability to continue as a going concern. The stock plummeted 36% in premarket action.

Cheesecake Factory (CAKE) – Cheesecake Factory shares lost 3.3% in the premarket after the restaurant chain reported an unexpected quarterly loss. Cheesecake Factory pointed to higher costs, particularly for utilities and building maintenance.


Livent (LTHM) – Livent lost 4.7% in premarket trading after the lithium producer cut its full-year sales and profit forecast. The company said inflation and other economic factors are crimping production of the metal used in electric vehicle batteries.

Match Group (MTCH) – Match Group shares surged 14.7% in premarket trading after the dating service operator reported better-than-expected quarterly revenue, driven by a boost in paid subscriptions for its Tinder service.

Mondelez (MDLZ) – Mondelez gained 3.3% in the premarket after the maker of Oreos, Sour Patch Kids, and other snacks raised its full-year outlook. The company has benefited from price hikes that are not hurting demand for its products.

Rogers Corp. (ROG) – Rogers plunged 40.8% in premarket action after DuPont (DD) ended its $5.2 billion buyout deal for the engineering materials maker. The deal was terminated because the parties could not obtain the necessary regulatory clearances in China. DuPont gained 3.6%.

Caesars Entertainment (CZR) – Caesars shares rallied 6.8% in premarket trading after the resort operator topped analyst estimates for both the top and bottom lines during its latest quarter. Caesars also said its digital betting business turned profitable on an adjusted basis for the quarter, 12 months ahead of the company’s target.

[admin]

The Fed is expected to raise interest rates by three-quarters of a point and then signal it could slow the pace
PUBLISHED TUE, NOV 1 20223:38 PM EDTUPDATED WED, NOV 2 202212:37 AM EDT
thumbnail
Patti Domm
@IN/PATTI-DOMM-9224884/
@PATTIDOMM
The Federal Reserve is expected to raise interest rates by 75 basis points Wednesday but also signal it could begin to slow down the size of its rate hikes in December.
Markets are also braced for the Fed to end rate hikes in March at a level of 5%, and market pros say a more hawkish Fed could trigger a violent reaction.
Fed Chair Jerome Powell is expected to sound somewhat hawkish in his briefing Wednesday and emphasize that the Fed’s goal is to crush inflation.
Focus on Fed messaging tomorrow, not 75 bps hike, says Wells Fargo's Michael SchumacherWATCH NOW
VIDEO06:27
Focus on Fed messaging tomorrow, not 75 bps hike, says Wells Fargo’s Michael Schumacher
The Federal Reserve is expected to raise interest rates by three-quarters of a percentage point Wednesday and then signal that it could reduce the size of its rate hikes starting as soon as December.

Markets are primed for the fourth 75-basis point hike in a row, and investors are anticipating the Fed will slow down its pace before winding down the rate-hiking cycle in March. A basis point is equal to 0.01 of a percentage point.


“We think they hike just to get to the end point. We do think they hike by 75. We think they do open the door to a step down in rate hikes beginning in December,” said Michael Gapen, chief U.S. economist at Bank of America.

Gapen said he expects Fed Chair Jerome Powell to indicate during his press briefing that the Fed discussed slowing the pace of rate hikes but did not commit to it. He expects the Fed would then raise interest rates by a half percentage point in December.

U.S. Federal Reserve Board Chairman Jerome Powell faces reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022. REUTERS/Elizabeth Frantz
U.S. Federal Reserve Board Chairman Jerome Powell takes questions from reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, June 15, 2022.
Elizabeth Frantz | Reuters
“The November meeting isn’t really about November. It’s about December,” Gapen said. He expects the Fed to raise rates to a level of 4.75% to 5% by spring, and that would be its terminal rate — or end point. The 75 basis point hike Wednesday would take the fed funds rate range to 3.75% to 4%, from a range of zero to 0.25% in March.

“The market is very fixated on the fact there’s going to be 75 in November, 50 [basis points] in December, 25 on Feb. 1 and then probably another 25 in March,” said Julian Emanuel, head of equity, derivatives and quantitative strategy at Evercore ISI. “So in reality, the market already thinks this is happening, and from my point of view, there’s no way the outcome of his press conference is going to be more dovish than that.”

The stock market has already rallied on expectations of a slowdown in rate hikes by the Fed, after a final 75 basis point hike Wednesday afternoon. But strategists also say the market’s reaction could be violent if the Fed disappoints. The challenge for Powell will be to walk a fine line between signaling less-aggressive hikes are possible and upholding the Fed’s pledge to battle inflation.


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For that reason, market pros expect the Fed chair to sound hawkish, and that could rattle stocks and send bond yields higher. Yields move opposite price.

“I think he’s going to try to execute the fine art of getting off the 75 [basis points] without creating euphoria and influencing financial conditions too easy,” said Rick Rieder, BlackRock chief investment officer of global fixed income. “I think the way the market is pricing, I think that’s what they’re going to do, but I think he’s really got to thread the needle on not getting people too excited about the direction of travel. Fighting inflation is their primary objective.”

As the Fed has raised interest rates, the economy is beginning to show signs of slowing. The housing market is slumping, as some mortgage rates have nearly doubled. The 30-year fixed rate mortgage was at 7.08% in the week of Oct. 28, up from 3.85% in March, according to Freddie Mac.

“I think [Powell] will say that four 75-basis point hikes is an awful lot and with this long and variable lag, you need to step back and see the impact. You’re seeing it in housing. You’re starting to see it in autos,” said Rieder. “You’re seeing it in some of the retailer slowdowns, and you’re certainly seeing it in the surveys. I think the idea that you’re slowing, it’s important how he describes it.”

The Fed should be dependent on incoming data, and while inflation is coming down, the pace of decline is unclear, Rieder said.

“If inflation continues to be surpisingly high, he shouldn’t shut off his options,” he said.

Consumer inflation in September ran at a hot 8.2% annual basis.

Gapen expects the economy to dip into a shallow recession in the first quarter. He said the equity market would be concerned if inflation were to stay so high the Fed would have to raise rates even more sharply than expected, threatening the economy even more.

“The markets want to be relieved, particualy the equity maket,” said Rieder. “I think what happens to the equity market and the bond market are different because of the technicals and the leverage. ... But I think the market wants to believe that the Fed, they’re going to get to 5% and stay there for awhile. People are tired of getting bludgeoned, and I think they want to believe the bludgeoning is over.”