Lunes 10/01/11, Alcoa, CPI, beige book, ventas retail

[admin]

El euro casi en sus niveles mas bajos de los ultimos 3 meses ante la preocupacion de la subasta de bonos europeos esta semana, el dolar Australiano sube.

La expectativa es que los paises Europes tendran problemas para vender sus bonos.

Euro Nears 3-Month Low on Funding Concern Before Auctions; Aussie Rallies
By Ron Harui - Jan 9, 2011 8:50 PM ET

The euro traded near a three-month low against the dollar on speculation European nations will struggle to raise funds, diminishing the allure of their assets. Photographer: Chris Ratcliffe/Bloomberg

The dollar appreciated to a level stronger than $1.30 against the euro for the first time since early December before a report tomorrow forecast to show employers added jobs for a third month. The euro dropped below the 200-day moving average versus the dollar as the European Union discussed spreading the cost of bank failures. Merk speaks with Matt Miller and Carol Massar on Bloomberg Television's "Street Smart." (Source: Bloomberg)
The euro fell toward its lowest level in more than three months against the yen on concern European nations will struggle to raise funds, diminishing the allure of assets in the region.

Europe’s currency weakened versus 9 of its 16 major counterparts after a slide in Portuguese government bonds last week dimmed the outlook for debt auctions over the next three days in the nation, Spain and Italy. Australia’s dollar reversed losses after a report showed today retail sales rebounded in November. South Korea’s won traded near the strongest in eight weeks after central bank data showed producer price inflation accelerated to a two-year high.

“It looks as though the market is pricing in some further deterioration in the sovereign debt story,” said Sean Callow, a senior currency strategist at Westpac Banking Corp. in Sydney. “Obviously the Portugal auction on Wednesday will be closely watched. I see euro weakness continuing.”

The euro declined to 107.13 yen as of 10:44 a.m. in Tokyo from 107.32 yen in New York on Jan. 7, when it touched 106.95 yen, the lowest level since Sept. 14. It was at $1.2909 from $1.2907, after earlier reaching $1.2867, the weakest since Sept. 14. The yen fetched 82.98 per dollar from 83.15. Financial markets in Japan are closed today for a public holiday.

Portugal will sell 2014 and 2020 bonds on Jan. 12. Italy will offer 2014 bonds and Spain will auction 2016 debt on Jan. 13, according to data compiled by Bloomberg. The yield on Portuguese 10-year bonds climbed to as high as 7.19 percent on Jan. 7, the most since Nov. 11. The yield on Spain’s 10-year bonds reached 5.54 percent last week, the highest since Dec. 21.

Portugal Pressure

UBS AG, the world’s second-largest foreign-exchange trader, recommended today that investors sell the euro at $1.2900, with a target of $1.2450 and a stop-loss order at $1.3150.

“The markets are likely to increasingly worry about Portugal’s upcoming bond auction on Wednesday and Spain’s on Thursday,” Gareth Berry, a Singapore-based currency strategist at UBS, wrote in a note today.

A stop loss is an automatic instruction to either buy or sell a currency at a certain level to limit losses in case a bet goes the wrong way.

Germany and France will pressure Portugal to seek aid from the European bailout fund soon to prevent contagion to other countries such as Spain and Belgium, Der Spiegel reported on Jan. 8, without saying where it got the information.

Australia Sales

“Experts” in the French and German governments believe the southern European country won’t be able to raise money on capital markets for much longer, the German magazine said in a preview of a report to be published in its next edition. A German Finance Ministry spokesman said yesterday his nation isn’t pressing Portugal to tap the rescue fund.

Australia’s dollar was supported after the Bureau of Statistics said retail sales rose 0.3 percent in November after a revised 0.8 percent drop in October. That matched the median forecast of economists in a Bloomberg survey.

“Australian retail sales numbers today did not surprise, however, an upward revision on the previous month’s numbers sent the Australian dollar 20 ticks higher from 99.50 to 99.70,” Tim Waterer, a foreign-exchange dealer at CMC Markets in Sydney, wrote in an e-mailed note.

Reserve Bank of Australia Governor Glenn Stevens left the overnight cash rate target at 4.75 percent last month after seven increases since October 2009. Higher borrowing costs helped slow third-quarter growth and savings have risen, even as energy and mining investments keep unemployment near 5 percent.

Australia’s dollar bought 99.73 U.S. cents from 99.59 cents on Jan. 7, when it declined to 99.08 cents, the lowest since Dec. 20. New Zealand’s dollar was at 76.13 cents from 75.98.

The Bank of Korea said today producer prices rose 5.3 percent last month from a year earlier, the biggest gain since December 2008.

“There are market forces betting on a stronger won as we see inflation rise,” said Kim Jin Ju, a currency trader at Korea Exchange Bank in Seoul.

The won rose 0.2 percent to 1,119.64 per dollar according to data compiled by Bloomberg. It reached 1,115.95 earlier, the strongest level since Nov. 12.

[admin]

Dupont comprara Danisco.

[jonibol]

Será que los europeos nos malogran el inicio de temporada de resultados?

[admin]

Los futures del Dow Jones 19 puntos a la baja.

Yen up 83.07

El shanghai C. -0.21%

Euro up 1.2918

Esperemos que les compren los bonos a todos los paises con problemas, si no vamos a tener problemas.

[admin]

El Hang Seng +0.03%

[jonibol]

Metales a la baja. Oro ligeramente al alza (+1,2)

Copper January 10,08:39
Bid/Ask 4.2437 - 4.2454
Change -0.0198 -0.47%
Low/High 4.2278 - 4.3020
Charts

Nickel January 10,08:39
Bid/Ask 10.9072 - 10.9231
Change -0.0578 -0.53%
Low/High 10.8675 - 11.0376
Charts

Aluminum January 10,08:39
Bid/Ask 1.1049 - 1.1055
Change -0.0095 -0.85%
Low/High 1.1000 - 1.1191
Charts

Zinc January 10,08:39
Bid/Ask 1.0789 - 1.0795
Change -0.0128 -1.18%
Low/High 1.0736 - 1.1076
Charts

Lead January 10,08:39
Bid/Ask 1.2013 - 1.2026
Change -0.0057 -0.48%
Low/High 1.1918 - 1.2145

[admin]

Copper January 10,08:39
Bid/Ask 4.2437 - 4.2454
Change -0.0198 -0.47%
Low/High 4.2278 - 4.3020
Charts

Nickel January 10,08:39
Bid/Ask 10.9072 - 10.9231
Change -0.0578 -0.53%
Low/High 10.8675 - 11.0376
Charts

Aluminum January 10,08:39
Bid/Ask 1.1049 - 1.1055
Change -0.0095 -0.85%
Low/High 1.1000 - 1.1191
Charts

Zinc January 10,08:39
Bid/Ask 1.0789 - 1.0795
Change -0.0128 -1.18%
Low/High 1.0736 - 1.1076
Charts

Lead January 10,08:39
Bid/Ask 1.2013 - 1.2026
Change -0.0057 -0.48%
Low/High 1.1918 - 1.2145

[admin]

Futures cu down 4.2780

Oil up 88.64

Los futures del DJ 34 puntos a la baja

Libor igual 0.30%

Yields down 3.32%

Au up 1,370.80, Ag up

Europa a la baja, el Asia cerro mixta

El indice del dolar al alza

[admin]

Ag up 28.92

Oil up 88.97

Euro up 29.14

-34

[jonibol]

Futuros acciones EEUU caen por Portugal y pese anuncios fusiones
lunes 10 de enero de 2011 08:52 GYT Imprimir[-] Texto [+] Por Ryan Vlastelica

NUEVA YORK (Reuters) - Los futuros de acciones de Estados Unidos caían el lunes por temores sobre la situación fiscal de la zona euro, lo que opacaba dos importantes anuncios de fusiones y adquisiciones.

Las acciones europeas caían luego de que una fuente de alto rango de la zona euro dijera el domingo que crece la presión sobre Portugal para buscar ayuda financiera de la Unión Europea y del Fondo Monetario Internacional.

El lunes, la Comisión Europea dijo que no existen discusiones sobre un rescate a ese país.

En Estados Unidos, Duke Energy Corp dijo que acordó comprar Progress Energy por 13.700 millones de dólares incluyendo deuda.

Por otro lado, DuPont planea adquirir Danisco, una firma danesa de insumos para la industria alimenticia, por 5.800 millones de dólares.

El mercado espera los resultados de la productora de aluminio Alcoa para el cuarto trimestre, que abren la temporada de reportes.

Los futuros del S&P 500 caían 7,1 puntos, los del promedio industrial Dow Jones perdían 35 puntos y los de Nasdaq 100 cedían 8,25 puntos.

(Editado en español por César Illiano)

[jonibol]

China podría aplicar primer impuesto a propiedad este trimestre

lunes 10 de nero de 2011 08:05 GYT Imprimir | Una Pagina[-] Texto [+] SHANGHAI/PEKIN (Reuters) - China pretende seguir poniendo paños fríos al auge del mercado inmobiliario al fijar un debatido impuesto a la propiedad por primera vez en la historia en la ciudad de Chongqing, al suroeste del país, informaron el lunes medios locales.

Chongqing obtuvo "en principio" la aprobación del Ministerio de Finanzas y podría aplicar el impuesto a la propiedad a contar de este trimestre, dijo el gobierno de la ciudad según un reporte del diario China Securities Journal.

Analistas esperan que el impuesto sea cercano al 1,0 por ciento, dijo el Journal.

Durante años, China ha debatido la posibilidad de tener un impuesto a la propiedad, pero no lo ha hecho por los temores a que pueda afectar seriamente al mercado.

Sin embargo, en los últimos meses la prensa local ha señalado que el Gobierno finalmente podría estar dando vía libre a la idea y podría hacer una prueba en varias ciudades, incluyendo Chongqing, Shanghái, Pekín y Shenzhen.

El diario China Business News dijo el lunes que Chongqing podría fijar el impuesto sólo a las viviendas más caras, en contraste a lo que sucedería en Shanghái, donde sólo se cobraría el tributo a una segunda vivienda.

China ha adoptado una serie de medidas para frenar un avance descontrolado de su mercado inmobiliario desde fines del 2009, como parte de los esfuerzos por combatir el flujo de capital especulativo hacia el país.

A pesar de las medidas, los precios de las viviendas en las principales ciudades del país se elevaron en más de un quinto el año pasado.

Analistas consideran que la medida es una buena forma de enfriar el mercado.

[jonibol]

Y ahora Portugal en la picota. La ministra de Economía de España dice que Portugal no necesita ayuda. El portavoz de la UE dice que una ayuda financiera Portugal no está en agenda de la proxima reunión de ministros de finanzas de la UE. En otras palabras, en lugar de poner tranquilidad a los mercados, avivan las dudas.

[admin]

-38

[admin]

Oil up 89.28

[admin]

Au up 1,372.60