Martes 25/05/10 Seguimos con los problemas de Europa

[admin]

Eventos economicos

Martes

Ventas de tiendas
Libro rojo
Indice S&P Shiller
Confianza del consumidor
Indice de precios de casas
Confianza del inversionista
Subasta de bonos


ICSC-Goldman Store Sales
7:45 AM ET


Redbook
8:55 AM ET


S&P Case-Shiller HPI
9:00 AM ET


Consumer Confidence
10:00 AM ET


FHFA House Price Index
10:00 AM ET


State Street Investor Confidence Index
10:00 AM ET


4-Week Bill Auction
11:30 AM ET


2-Yr Note Auction
1:00 PM ET

[admin]

Lamentablemente todo a la baja nuevamente.

El euro baja a 1.23

Los futures del Dow Jones 108 puntos a la baja. Caramba esto si ya no tiene remedio, es una segunda crisis que va a provocar una segunda recesion en todo el mundo.

Oil down 69.59, Au down 1,190.

Los yields down 3.16%

El Asia en los niveles mas bajos de los ultimos 10 meses debido a las preocupaciones de Europa.

El Nikkei -2.37%, el Hang Seng -1.81%, Korea -3.05%, el Shanghai C. - 1.47, Australia -1.84%

[admin]

Copper May 24,22:24
Bid/Ask 3.0835 - 3.0858
Change -0.0612 -1.95%
Low/High 3.0699 - 3.1493
Charts

Nickel May 24,22:24
Bid/Ask 9.7553 - 9.8006
Change -0.2313 -2.32%
Low/High 9.7326 - 10.0320
Charts

Aluminum May 24,22:24
Bid/Ask 0.9100 - 0.9113
Change -0.0104 -1.13%
Low/High 0.9068 - 0.9272
Charts

Zinc May 24,22:23
Bid/Ask 0.8585 - 0.8630
Change -0.0023 -0.26%
Low/High 0.8494 - 0.8653
Charts

Lead May 24,22:20
Bid/Ask 0.8061 - 0.8106
Change -0.0136 -1.66%
Low/High 0.8061 - 0.8243
Charts

[admin]

Ford creara empleos en Michigan.

[admin]

En las cartas el Martes:

Antes de la apertura reportan Metronic y Autozone.

Se espera un aumento del precio de las casas del 2.4%, se espera un aumento en la confianza del consumidor a 58.3 de 57.9

A las 8:30 p.m. Bernanke habla en Japon.

Tambien, la Casa de Representantes votara por aumentar el impuesto a los managers de inversiones, a muchos profesionales y a algunas multinacionales para pagar las iniciativas de alivio economico.



On Deck Tuesday: Autozone, Medtronic Earnings, Case-Shiller

By Matt Phillips

Earnings:

Before the open — Medtronic is expected to report 88 cents on $4.19 billion in revenue.

Before the open — Autozone is expected to report $3.59 a share on $1.71 billion in revenue.

Economics:

9 a.m. — The S&P Case-Shiller 20-city home price index for March is expected to show an increase of 2.4%.

10 a.m. — The Conference Board’s May consumer confidence index is expected to rise to 58.3, from 57.9 in April.

8:30 p.m. ET — Fed Chairman Ben Bernanke speaks in Tokyo on “Central Bank Independence, Transparency and Accountability.”

Also, the U.S. House of Representatives is scheduled to vote Tuesday on a measure to raise taxes on investment managers, many professionals and some multinational businesses, in order to pay for economic-relief initiatives.

[admin]

Aumento de impuestos a los inversionistas, profesionales y negocios aqui tenemos otro motivo para que la bolsa baje.

[admin]

Bernake habla en Japon, que les diga que dejen de endeudarse que provocaran la proxima crisis mundial, despues de China. Creo que en ese orden viene el futuro, primero fue US, ahora Europa, despues China y luego Japon. Si no tenemos un guerra en el medio de todo eso, un ataque de North Korea, Iran o Israel. Todo eso esta bien claro en nuestro futuro.

[admin]

Esto de verdad que esta deprimente. Me voy a mirar el French Open.

[admin]

Para rematarla me acaban de informar que el foro anterior se perdio, no se puede recuperar la informacion debido a que el corte de electricidad que tuvieron danio el disco duro. Tantos anios de esfuerzo perdidos. Me va a dar ataque.

Voy a conversar con ellos para ver que medidas de back up se pueden tomar para que no nos vuelva a ocurrir. Pero como el riesgo existe, los que no tengan mi email personal envienme un mensaje privado para darselos y asi podemos seguir comunicados.

Saludos,

[admin]

El estado de Arizona es un ejemplo para el mundo, los votantes, los cuidadanos no la gobernadora republicana, no los legisladores, si no la gente decidio subir temporalmente los impuestos a la venta para no recortar servicios en el estado. El aumento es de un centavo a las ventas.

[admin]

Siguen las malas noticias, North Korea ha ordenado a sus soldados a alistarse para combate. Parece que pasan a mayores. Que horror!!

[admin]

North Korea anuncio que ha ordenado a sus militares a prepararse para combate.

el euro baja y los commodities declinan ante la preocupacion de que la crisis de la deuda Europea se extendera al resto de los demas paises.

Europa esta caminando en territorio minado. Los inversionistas estan vendiendo y ajustando sus posiciones.

La banca baja en el Asia, el petroleo, el cobre, etc.

Asian Stocks Fall to 10-Month Low, Won Dives, Commodities Drop
By Clyde Russell and Masaki Kondo

May 25 (Bloomberg) -- Asian stocks and the won plunged to the lowest in 10 months after Yonhap news agency reported that North Korean leader Kim Jong Il ordered his military to prepare for combat. The euro weakened and commodities declined on concern Europe’s debt crisis may spread.

The MSCI Asia Pacific Index dropped 2.3 percent to 109.80 as of 11:22 a.m. in Tokyo, set for its lowest close since Aug. 21. Standard & Poor’s 500 stock index futures lost 1.1 percent. The euro fell for a second day against the yen and the dollar. Crude oil slipped below $70 a barrel in New York and copper declined for the first day in four. The won slumped 2.7 percent.

Spain’s banking sector “remains under pressure,” the International Monetary Fund said yesterday in urging Spain to do more to overhaul its ailing banks, spurring speculation that financial institutions in the euro area face further losses. Four Spanish savings banks plan to combine to form the nation’s fifth-largest financial group with more than 135 billion euros ($167 billion) in assets, as regulators push ailing lenders to merge with stronger partners.

“Europe is walking on land mines that have yet to explode,” said Fumiyuki Nakanishi, a strategist at Tokyo-based SMBC Friend Securities Co. “Investors are selling shares and adjusting their positions on concerns over European debt.”

The Kospi Index plunged 3.2 percent following the Yonhap report. The Nikkei 225 Stock Average lost 2.3 percent in Tokyo. Australia’s S&P/ASX 200 Index fell 1.6 percent today. New Zealand’s NZX 50 Index slipped 1.3 percent.

Futures on the Standard & Poor’s 500 Index decreased after the benchmark dropped 1.3 percent in New York yesterday. Banks fell the most among the S&P 500’s 24 industries, after the London interbank offered rate, or Libor, for three-month dollar loans advanced to a level not seen since July 16, according to data from the British Bankers’ Association.

Financials Drop

Australia & New Zealand Banking Group Ltd. slid 2.5 percent, leading declines among financial companies after the Libor rate gained. Canon Inc., which counts Europe as its biggest market, fell 2.4 percent after the euro weakened versus the yen. BHP Billiton Ltd., which got 22 percent of its fiscal 2009 revenue in Europe, dropped 2.9 percent after copper and oil prices retreated.

The euro dropped 0.5 percent to 110.09 yen in Tokyo from 111.71 yen in New York yesterday. The common currency fell to $1.2311 from $1.2372. The dollar traded at 90.19 yen from 90.29 yen.

The won fell to 1,260.50 per dollar in Seoul, according to data compiled by Bloomberg. The decline came as the U.S. yesterday said it plans to conduct joint anti-submarine exercises with South Korea, following an investigation that said North Korea fired a torpedo at a South Korean Navy corvette and sunk it. Japan will consider imposing financial sanctions on North Korea, Finance Minister Naoto Kan said at a news conference in Tokyo today.

Oil, Copper

Crude oil declined 1.2 percent to $69.39 a barrel in New York, giving up yesterday’s 0.2 percent gain as concern over Europe boosted the dollar, reducing the investment appeal of commodities.

“I don’t think things have worsened in Europe in the past few days, but the reason we haven’t seen any significant rallies in the market is that the uncertainty hasn’t dissipated,” Ben Westmore, a minerals and energy economist at National Australia Bank Ltd. in Melbourne, said in a telephone interview. “The one thing about the euro zone is that everyone has been revising down their demand outlook. The fundamentals there have no doubt become weaker in the last month.”

Copper dropped 1.6 percent to $6,800 a metric ton on the London Metal Exchange. The metal has slumped 11 percent in the past month. Aluminum declined 1.5 percent to $2,053 a ton and nickel slumped 2.5 percent to $21,650 a ton.

Bond Risk Rises

The cost of insuring Asia-Pacific bonds from non-payment rose, according to traders of credit-default swaps.

The Markit iTraxx Asia index of 50 investment-grade borrowers outside Japan climbed 4 basis points to 151.5 basis points in Singapore, according to Royal Bank of Scotland Group Plc. The risk benchmark is headed for its first increase in three days, CMA DataVision prices show.

The Markit iTraxx Australia index jumped 7 basis points to 132 basis points in Sydney, Nomura Holdings Inc. prices show. The Markit iTraxx Japan index rose 3 basis points to 160 in Tokyo, according to Morgan Stanley.

[admin]

Que bonito! Serena Williams ha ido al Africa a abrir escuelas para los ninios de las zonas mas remotas en ese continente.

[admin]

Au up 1,191.60

Los futures del Dow Jones 104 puntos a la baja.

[admin]

De una entrevista a Karl Otto Pohl ex-manager del German Bundesbank, en Spiegel Online, 18 de Mayo:

Pohl: la base del euro ha sido fundamentalmente cambiada como resultado dela decision de los gobierno de la zona euro de convertirse en una union de transferencias. Esa es una violacion de todas las reglas existentes. El tratado que gobierna a la Union Europea, explicitamente se especifica que no pais es responsable por las deudas de otro. Pero lo que estan haciendo ahora es precisamente eso. Agregado a ese hecho y contra todos los juramentos y contra una explicita prohibicion de su constitucion, el Banco Central Europeo se ha convertido en el financiador de los estados. Obviamente todo esto va a tener un impacto....

La Union Europea debio haber declarado hace un anio o hace un anio y medio que Grecia tenia que restructurar su deuda.


Spiegel: Peor de acuerdo a Angela Merkel, el no haberlo hecho hubiera provocado un efecto domino con repercusiones para otros estados de la union europea que estan confrontando crisis de deuda.

Pohl: Yo no creo eso, Yo creo que es algo totalmente diferente.

Todo ha sido para proteger a los bancos Alemanes, pero especialmente los bancos Franceses de los write offs. El dia en que es rescate fue aprobado, las acciones de los bancos Franceses subieron 24%. Mirando eso, uno se puede dar cuenta que realmente se trataba de rescatar a los bancos y a los Griegos ricos.



From an interview with Karl Otto Pohl, former head of the German Bundesbank, in Spiegel Online, May 18:


Pohl: The foundation of the euro has fundamentally changed as a result of the decision by euro-zone governments to transform themselves into a transfer union. That is a violation of every rule. In the treaties governing the functioning of the European Union, it explicitly states that no country is liable for the debts of any other. But what we are doing right now, is exactly that. Added to this is the fact that, against all its vows, and against an explicit ban within its own constitution, the European Central Bank (ECB) has become involved in financing states. Obviously, all of that will have an impact. . . .

The European Union should have declared half a year ago—or even earlier—that Greek debt needed restructuring.

Spiegel: But according to Chancellor Angela Merkel, that would have led to a domino effect, with repercussions for other European states facing debt crises of their own.

Pöhl: I do not believe that. I think it was about something altogether different. . . .

It was about protecting German banks, but especially the French banks, from debt write offs. On the day that the rescue package was agreed on, shares of French banks rose by up to 24 percent. Looking at that, you can see what this was really about—namely, rescuing the banks and the rich Greeks.