Martes 11/01/11 Europa comienza a vender bonos...

[admin]

Martes

Eventos economicos

Indice del optimismo en los pequenios negociso
Ventas de tiendas
Libro rojo
Comercio mayoristas
Subasta de bonos


NFIB Small Business Optimism Index
7:30 AM ET


ICSC-Goldman Store Sales
7:45 AM ET


Redbook
8:55 AM ET


Wholesale Trade
10:00 AM ET


4-Week Bill Auction
11:30 AM ET


52-Week Bill Auction
11:30 AM ET


3-Yr Note Auction
1:00 PM ET

[admin]

Reportan utilidades Lennar, Pfizer.

[admin]

Canada esta considerando rebajar sus impuestos a las corporaciones a 15%, las de US son 35% mas 5% las mas altas en el mundo despues de Japon. Y despues dicen que quieren que la economia crezca???? nos estan tomando el pelo.

El otro dia escuchaba en Bloomberg a Robert Mundell, el fundador del euro, ganador del premio Nobel que decia que para el siglo XX estuvo bien que las corporaciones Americanas pagaran impuestos pero para estas epocas y en el futuro, la unica manera en que US puede competir con el mundo corporativo mundial es si se les rebajan los impuestos a cero.

La posicion de las companias Americanas frente a las Asiaticas por ejemplo es completamente de deseventaja a todo nivel.

Mundell es profesor de la universidad Columbia en US.

A los izquierdistas como Obama les daria pataleta si se rebajaran los impuestos a las corporaciones.

[admin]

Euro down 1.2936, a ver como les va maniana con la venta de bonos.


\VIX up 17.54

Oil up 89.43

Yields igual 3.29%

Ag up 29.55, Au up, futures cu 4.28

[admin]

Roger Federer gano el camponeato Qatar Open como calentamiento para el Australian Open, es la tercera vez que gana ese campeonato y es el unico jugador que lo logra. En la final vencio al ruso Davidenko quien elimino a Nadal en las semifinales. Es su campeonato numero 67!!

Kospi down 0.86%, el Nikkei -0.46%, Australia -0.14%

Los futures del Dow Jones 5 puntos a la baja.

Yen down 82.88, euro down 1.2934

[admin]

Las tensiones aumentan antes de la subasta de bonos de Portugal

El Banco Central Europe interviene para comprar bonos de la nacion, dicen los traders, los inversionistas estan preocupados de que Espania sera el proximo problema

La crisis en la zona euro esta empeorando conforme se acerca el momento de que Portugal subaste sus bonos.

Una venta de la deuda Portuguesa el Lunes hizo que el ECB interviniera y comprara bonos de Portugal, dijeron los traders. El movimiento del ECB estabilizo los precios de los bonos de Portugal y otros paises muy endeudados en la zona euro.

Los intereses que Portugal tuvo que pagar subieron a 7.18% y lograron bajar a 6.93% despues que los traders dijeron que el ECB estaba comprando los bonos. Tarde en NY el yields subio a 7.12%

El ECB declino hacer comentarios.

Los economistas dicen que las compras del ECB solo demoraran el rescate de Portugal.

El mayor temor de los traders es que la crisis de Portugal se extienda a Espania.

Asi la subasta sea un exito Portugal tendra que recibir un rescate a fin de anio.

Italia, Grecia y Espania subastaran bonos tambien esta semana.

Tensions Rise Before Portugal Auction
Europe's Central Bank Steps In to Buy Nation's Bonds, Traders Say; As Sale Looms, Investors Worry Spain Is Next Problem

By MARCUS WALKER And MARK BROWN
The turmoil in the euro currency zone is intensifying ahead of a key Portuguese debt auction.

A selloff in Portuguese debt Monday prompted the European Central Bank to intervene by buying the country's bonds, traders said. The ECB's move stabilized the bond prices of Portugal and other highly indebted countries on the euro zone's fringe. The interest yield on Portuguese 10-year bonds, a key measure of investor confidence in the country's debt, rose to around 7.18% on Monday before dropping to about 6.93% amid what some traders called "aggressive" bond buying by the ECB. Late in New York, the yield had risen to 7.12%.

The ECB declined to comment on its latest bond purchases. The central bank's most recent data on its bond buying show that it bought €113 million ($146 million) of euro-zone government bonds through Wednesday of last week, a tiny amount compared with early December when the euro zone's debt crisis last flared up.

With the market pressure on Portugal mounting, however, economists say the ECB intervention will do little more than delay a bailout. What worries investors is the possibility that Europe's debt crisis, which has already enveloped Greece and Ireland, will spread from Portugal to Spain, one of Europe's largest economies. Such an outcome would test the European Union's ability to keep the common currency from unraveling.

Portugal's near-term prospects of avoiding a bailout, which Lisbon says it doesn't need, should become clearer on Wednesday, when it aims to sell between €750 million and €1.25 billion of bonds due 2014 and 2020.

2011 Euro-Zone Outlook
The euro-zone economy is expected to expand mildly through 2011, aided by a recovery in global demand. But forecasts are overshadowed by the government debt crisis. See how member nations stack up.

Even if the auction is a success, many analysts predict Portugal will be forced to accept a rescue later in the year. Portugal's government says it needs to borrow close to €20 billion this year, partly to meet heavy bond repayments in April. "We see a realistic possibility that Portugal will not manage to generate the funds required for 2011 without foreign aid," analysts at German lender Commerzbank said in a research note.

Other euro-zone governments, including those of Germany and France, have been urging Portugal to apply for EU-IMF rescue loans since November, according to people familiar with the matter. Officially, Paris and Berlin deny there is any pressure on Lisbon to seek aid.

Portugal can't be forced to apply for a bailout, European officials acknowledge. The ECB, which pressured Ireland into asking for aid late last year, has less leverage over Portugal: Unlike Irish banks this past fall, Portugal's banks aren't suffering from a meltdown in their loan portfolios and aren't dependent on emergency central bank funds for survival.

..Portugal's public spending has been less lavish than that of Greece, the first euro-zone country to get a rescue last year. But economists say Portugal has its own fatal flaw: chronically low economic growth, which—combined with high borrowing costs—makes it hard for the government to stem its rising debt and stay solvent.

Italy and Greece are also in the market this week with auctions of Treasury bills, and Spain will auction bonds due 2016 on Thursday. Some analysts believe that, with so much euro-denominated debt on offer, Portugal could struggle to attract investors unless it offers painfully high interest rates.

Based on last year's emergency EU-IMF loans for Greece and Ireland, a bailout package for Portugal could total around €60 billion, UniCredit economist Marco Valli says. That amount would cover Portugal's budget deficits and debt-servicing costs for the next three years and give it a financial reserve to support its banks if necessary.

[admin]

Europa, Europa, que tal dolor de cabeza, de esos que no pasan.

[admin]

Los futures del Dow Jones sin cambio a esta hora.

Korea -0.21%, el Shanghai C. -0.55%, Australia -0.11%

El hang Seng +0.17%

Yne down 83, euro sin cambio a 1.2947

[admin]

Copper January 10,21:39
Bid/Ask 4.2536 - 4.2561
Change +0.0204 +0.48%
Low/High 4.2300 - 4.2618
Charts

Nickel January 10,21:12
Bid/Ask 10.9722 - 10.9836
Change +0.1021 +0.94%
Low/High 10.8248 - 10.9836
Charts

Aluminum January 10,21:38
Bid/Ask 1.1047 - 1.1064
Change +0.0019 +0.17%
Low/High 1.1014 - 1.1091
Charts

Zinc January 10,21:39
Bid/Ask 1.0805 - 1.0826
Change +0.0087 +0.81%
Low/High 1.0690 - 1.0843
Charts

Lead January 10,21:36
Bid/Ask 1.1914 - 1.1955
Change +0.0048 +0.40%
Low/High 1.1846 - 1

[admin]

9:46 p.m. EST 01/10/11Futures Last Change Settle
Crude Oil 89.46 0.21 89.25
Gold, Feb. 1376.1 2.0 1374.1
DJ Industrials 11587 0 11587
S&P 500 1266.60 1.10 1265.50

9:57 p.m. EST 01/10/11Currencies Last (bid) Prior Day †
Japanese Yen (USD/JPY) 83.02 82.73
Euro (EUR/USD) 1.2947 1.2954
† Late Monday in New York.

[admin]

Commodities recuperando algo

[admin]

Se esperan nevadas maniana y pasado en New York.

[admin]

Aleluya! ..con la ayuda de mis amiguitos..

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Japon tiene planeado unirse a China para asistir a Europa que esta pasando por una crisis de deuda soberana.

Japon usara sus reservas internacionales para compras mas del 20% en bonos emitidos mediante una asistencia especial para ayudar a Irlanda. El euro comenzo a subir con la noticia.

Japan Joins China in Assisting Europe in Debt Crisis
By Toru Fujioka - Jan 10, 2011 9:53 PM ET
Japan plans to buy euro-zone sovereign bonds, its finance minister said, joining China in assisting a region hit by a fund-raising crisis.

Finance Minister Yoshihiko Noda told a news conference in Tokyo today that Japan will use its foreign-exchange reserves to buy more than 20 percent of bonds to be issued under a special assistance program to help Ireland.

“It’s appropriate for Japan to make a contribution as a leading nation to increase trust in the deal,” he said.

China has also expressed support for the euro zone, with Vice Premier Li Keqiang last week expressing confidence in Spain’s financial markets and pledging more purchases of that nation’s debt. Chinese Vice Premier Wang Qishan said on Dec. 21 his nation has taken “concrete action” to help the European Union address its debt crisis.

The euro climbed immediately after Noda’s comments, rising as high as $1.2991, before trading at $1.2952 at 11:50 a.m. in Tokyo.

[admin]

Las reservas de China suben a $2.85 trillones, cifra record.

[admin]

Todo tranquilo en Europa.

+42

Au up, Ag up, cu up

Oil up 89,57