Lunes 03/04/23 PMI y ISM de manufactura

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Lunes

Eventos económicos

Habla Bullard
PMI de manufactura
ISM de manufactura
Gasto en construcción


3
8:30 am St. Louis Fed President Bullard speaks
9:45 am S&P final U.S. manufacturing PMI March 49.3 49.3
10:00 am ISM manufacturing March 47.3% 47.7%
10:00 am Construction spending Feb. 0.0% -0.1%
4:15 pm Fed Gov. Cook speaks
TUESDAY, April 4
10.00 am Factory orders Feb. -0.5% -1.6%
10:00 am Job openings Feb. 10.5 million 10.8 million
6:00 pm Cleveland Fed President Mester speaks
WEDNESDAY, April 5
8:15 am ADP employment March 210,000 242,000
8:30 am U.S. trade balance Feb. -$69.1B -$68.3B
9:45 am S&P final U.S. services PMI March 53.8 53.8
10:00 am ISM services March 54.4% 55.1%
THURSDAY, April 6
8:30 am Initial jobless claims April 1 200,000 198,000
8:30 am Continuing jobless claims March 25 1.69 million
10:00 am St. Louis Fed President Bullard speaks
FRIDAY, April 7
8:30 am U.S. employment report March 235,000 311,000
8:30 am U.S. unemployment rate March 3.6% 3.6%
8:30 am Average hourly wages March 0.3% 0.2%
8:30 am Average hourly wages (year over year) March 4.3% 4.6%
3:00 pm Consumer credit Feb.

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208.44 1.74
Japan: Nikkei 225 28197.07 155.59 0.55
UK: FTSE 100 7631.74 11.31 0.15
Crude Oil Futures 79.63 3.96 5.23
Gold Futures 1968.70 -17.50 -0.88
Yen 133.47 0.71 0.53
Euro 1.0794

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.31 58.48 1.44
China: Shanghai Composite 3291.06 18.20 0.56
Japan: Nikkei 225 28193.57 152.09 0.54
UK: FTSE 100 7631.74

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LAST CHG %CHG
Crude Oil Futures 79.63 3.96 5.23
Brent Crude Futures 83.96 4.07 5.09
Gold Futures 1968.60 -17.60 -0.89
Silver Futures 23.785 -0.371 -1.54
DJIA Futures 33471 11 0.03
S&P 500 Futures 4126.75 -11.00

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LAST CHG %CHG
Euro (EUR/USD) 1.0793 -0.0050 -0.46
Japanese Yen (USD/JPY) 133.49 0.72 0.55
U.K. Pound (GBP/USD) 1.2278 -0.0056 -0.45
Swiss Franc (USD/CHF) 0.9185 0.0033 0.36
Chinese Yuan (USD/CNY) 6.8908 0.0220 0.32
U.S. Dollar Index 103

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IELD(%) YIELD CHG
U.S. 10 Year 3.521 0.050
Germany 10 Year 2.293 0.000
U.K. 10 Year 3.492 0.000
Japan 10 Year 0.371 0.041
Australia 10 Year 3.318 0.009
China 10 Year 2.900

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LAST CHG %CHG
Crude Oil Futures 79.86 4.19 5.54
Brent Crude Futures 84.28 4.39 5.50
Gold Futures 1978.50 -7.70 -0.39
Silver Futures 23.900 -0.256 -1.06
DJIA Futures 33570 110 0.33
S&P 500 Futures 4135

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Oil prices surge 8% after OPEC’s surprise output cut; analysts warn of $100 per barrel
PUBLISHED SUN, APR 2 202311:09 PM EDTUPDATED 3 MIN AGO
Lee Ying Shan
@LEEYINGSHAN
Oil prices soared as much as 8% at the open after OPEC+ announced it was slashing output by 1.16 million barrels per day.
The voluntary cuts will start from May to end 2023, Saudi Arabia announced, saying it was a “precautionary measure” targeted toward stabilizing the oil market.
Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia.
Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia.
Andrey Rudakov | Bloomberg | Getty Images
Oil prices surged as much as 8% at the open after OPEC+ announced it was slashing output by 1.16 million barrels per day.

Brent crude futures last jumped 5.07% to $83.95 a barrel on that news, and U.S. West Texas Intermediate crude futures soared 5.17% to $79.59 a barrel.


The voluntary cuts will start from May to end 2023, Saudi Arabia announced, saying it was a “precautionary measure” targeted toward stabilizing the oil market.

The move comes on the back of Russia’s decision to trim oil production by 500,000 barrels per day until the end of 2023, according to the country’s Deputy Prime Minister Alexander Novak.

In addition to Saudi Arabia’s output cut of 500,000 barrels per day, other member states have also pledged cuts: the UAE will be cutting output by 144,000 barrels per day, while Kuwait, Oman, Iraq, Algeria and Kazakhstan will also be reducing output.

“The selected involvement of the largest OPEC+ members suggest that adherence to production cuts may be stronger than has been the case in the past,” Commonwealth Bank of Australia’s Vivek Dhar said in a note.

Oil at $100 per barrel?

“OPEC+‘s plan for a further production cut may push oil prices toward the $100 mark again, considering China’s reopening and Russia’s output cuts as a retaliation move against western sanctions,” CMC Markets’ analyst Tina Teng told CNBC.


Teng noted, however, that the cut could also reverse the decline in inflation, which would “complicate central banks’ rate decisions.”

In March, oil prices tumbled to their lowest since December 2021, as traders feared the banking rout could dent global economic growth.

They’re looking into the second half of this year and deciding they don’t want to relive 2008.
Bob McNally
FOUNDER OF ENERGY ASPECTS
The oil cartel and its allies are looking to avoid a repeat of the 2008 crash, one analyst said.

“They’re looking into the second half of this year and deciding they don’t want to relive 2008,” said Bob McNally, president of Rapidan Energy Group, citing oil prices crashing from $140 to $35 in six months in that year.

McNally added that while it’s not his base case, oil prices could “make a dash for $100 … if Chinese demand goes back to 16 million barrels a day second half of this year [and] if Russian supply starts to go off because of sanctions and so forth,”

“Then these cuts, if they stick with them, are going to super tighten the market,” he said.

According to Wood Mackenzie, China could make up 40% of the world’s demand recovery in 2023.

In October, the oil cartel announced its decision to cut output by two million barrels per day.

The White House said at that time that President Joe Biden was “disappointed by the shortsighted decision by OPEC+” to cut production quotas while the world was still grappling with the war in Ukraine.

Significant, but not ‘set in stone’

However, some analysts say the latest cut is set to deliver a more significant impact than the one set last year.

“Most of the cuts will be made by countries that are producing at or above quotas, which implies a higher share of the announced cuts will translate into real supply reductions than in October 2022,” said Energy Aspects’ founder Amrita Sen, who also expects prices to hit $100 per barrel.

OPEC is very clearly defending a floor with surprise output cut: Energy AspectsWATCH NOW
VIDEO02:58
OPEC is very clearly defending a floor with surprise output cut: Energy Aspects
However, Sen holds the view that the output cut could potentially be reversed, hinging on easing global market pressures.

“I do believe if the market over tightens, exogenous issues or shocks fade, they will reverse this cut down the line so this isn’t set in stone for the rest of the year — but very clearly defending a [price] floor,” she said.

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“Unlike [the cut in October], the momentum for global oil demand is up, not down with a strong China recovery,” Goldman Sachs also said in a note.

That could nudge up Goldman’s Brent forecasts by $5 per barrel to $95 per barrel for December 2023, the investment bank said in a note after the surprise decision overnight.

Goldman analysts led by Daan Struyven said the surprise cut is “consistent” with OPEC+’s doctrine to act preemptively.

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LAST CHG %CHG
Crude Oil Futures 80.12 4.45 5.88
Brent Crude Futures 84.45 4.56 5.71
Gold Futures 1989.50 3.30 0.17
Silver Futures 24.075 -0.081 -0.34
DJIA Futures 33591 131 0.39
S&P 500 Futures 4135.75 -2.00

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33369.70 95.55 0.29
S&P 500 4105.45 -3.86 -0.09
Nasdaq Composite 12155.51 -66.40 -0.54
Japan: Nikkei 225 28188.15 146.67 0.52
UK: FTSE 100 7669.40 37.66 0.49
Crude Oil Futures 79.88 4.21 5.56
Gold Futures 1994.50 8.30 0.42
Yen 133.03 0.26 0.20
Euro 1.0872 0.0030 0.28

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CHG %CHG
DJIA 33495.81 221.66 0.67
S&P 500 4108.22 -1.09 -0.03
Nasdaq Composite 12115.06 -106.85 -0.87
Japan: Nikkei 225 28188.15 146.67 0.52
UK: FTSE 100 7673.00 41.26 0.54
Crude Oil Futures 80.10 4.43 5.85
Gold Futures 2007.20 21.00 1.06
Yen 132.36 -0.40 -0.30
Euro 1.0892 0.0049

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http://www.bvl.com.pe/

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Copper April 03,11:59
Bid/Ask 4.0437 - 4.0448
Change -0.0440 -1.08%
Low/High 4.0304 - 4.0937
Charts

Nickel April 03,11:59
Bid/Ask 10.4296 - 10.4387
Change -0.2495 -2.34%
Low/High 10.3978 - 10.8242
Charts

Aluminum April 03,11:59
Bid/Ask 1.1791 - 1.1796
Change -0.0109 -0.91%
Low/High 1.1713 - 1.1977
Charts

Zinc April 03,11:59
Bid/Ask 1.3239 - 1.3248
Change -0.0155 -1.16%
Low/High 1.3181 - 1.3440
Charts

Lead April 03,11:56
Bid/Ask 0.9745 - 0.9752
Change +0.0002 +0.02%
Low/High 0.9687 - 0.9816
Charts

Uranium Mar 27, 2023
Ux U308 price: 50.35
Change from
previous week

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LAST CHG %CHG
DJIA 33601.15 327.00 0.98
S&P 500 4124.51 15.20 0.37
Nasdaq Composite 12189.45 -32.45 -0.27
Japan: Nikkei 225 28188.15 146.67 0.52
UK: FTSE 100 7673.00 41.26 0.54
Crude Oil Futures 80.44 4.77 6.30
Gold Futures 2001.70 15.50 0.78
Yen 132.43 0.01 0.01
Euro 1.0902