Asi es Obama esta de vacaciones cuando el pais esta en crisis. Pero dice que va a trabajar, va a delinear un plan nuevo (mas de lo mismo, eso mismo que no funciona) de trabajo para promover el crecimiento de la economia y crear nuevos puestos de trabajo. Entre las cosas que propone, es mas extension de seguro de desempleo para los que no tienen trabajo (o sea pagarles a los que no trabajan), continuacion de los recortes del impuesto a los trabajadores (mas de lo mismo), la creacion de un banco de infraestructura (como les gusta a los socialistas la burocracia y el aumento del poder del gobierno), ahora es un banco, acaso no nos dijeron cuando aplicaron el primer estimulo de mas de $800 billones que el estimulo seria para gastarlo en infraestructura? mas mentiras.
Aparte, parece que Obama se olvida de un pequenio detalle con importancia, todo lo que va a proponer ya se hizo y no funciono, ademas lo que propone cuesta trillones, es decir que el downgraded del pais la semana pasada no resono en sus oidos lo suficientemente fuerte, por que segun parece lo esta ignorando. Mas gasto, mas gobierno, mas deuda, mas downgrades que a Obama no le importa.
Increible.
No se si este hombre ve la television y lee los periodicos, nada menos que el 71% de los Americanos desaprueba su manejo de la economica, solo algo de mas del 20% lo aprueba y esos deben ser los negros o los de extrema izquierda que no van a darle la espada, no importa lo que pase o lo que haga.
Lunes 22/08/11 Obama esta de vacaciones por 10 dias
Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Sab Ago 20, 2011 1:20 pm
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Sab Ago 20, 2011 1:30 pm
Esta semana tenemos importantes indicadores economicos que van a mover la bolsa, pero aun mas importante, nos va a dar una idea mas clara de que tendencia tiene la economia y hasta que punto desacelero en Agosto.
Eventos economicos
Nada para el Lunes. Entre los mas importantes de la semana tenemos las ventas de tiendas y las ventas de casas nuevas el Martes, ojo con DRN y los retailers, las ordenes de bienes duraderos, el indice del precio de las casas y el reporte del petroleo, nuevamente DRN, los metales y materiales que se necesitan para fabricar los articulos duraderos (que duran mas de 3 anios) y como siempre ojo en los inventarios de petroleo por que afectan el precio. El Jueves lo mas importantes todas las semanas son los seguros, de desempleo que estan arriba de 400,000 nuevamente, cifra asociada con las recesiones, de alli su importancia. El Viernes tenemos el GDP (PBI) del segundo trimestre, las ganancias corporativas y la confianza del consumidor. Estos tres indicadores el Viernes definitivamente van a mover al mercado.
Y no podemos olvidarnos de Europa, la atencion en la banca de ese continente que tiene el potencia de tumbarse a Europa y al mundo sin esfuerzo.
Llevamos cuatro semanas de bajas en las ultimas cinco.
4-Week Bill Announcement
11:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
ICSC-Goldman Store Sales
7:45 AM ET
Redbook
8:55 AM ET
New Home Sales
10:00 AM ET
4-Week Bill Auction
11:30 AM ET
52-Week Bill Auction
11:30 AM ET
2-Yr Note Auction
1:00 PM ET
Bank Reserve Settlement
MBA Purchase Applications
7:00 AM ET
Durable Goods Orders
8:30 AM ET
FHFA House Price Index
10:00 AM ET
EIA Petroleum Status Report
10:30 AM ET
5-Yr Note Auction
1:00 PM ET
Weekly Bill Settlement
52-Week Bill Settlement
Jobless Claims
8:30 AM ET
EIA Natural Gas Report
10:30 AM ET
3-Month Bill Announcement
11:00 AM ET
6-Month Bill Announcement
11:00 AM ET
7-Yr Note Auction
1:00 PM ET
Fed Balance Sheet
4:30 PM ET
Money Supply
4:30 PM ET
GDP
8:30 AM ET
Corporate Profits
8:30 AM ET
Consumer Sentiment
9:55 AM ET
Eventos economicos
Nada para el Lunes. Entre los mas importantes de la semana tenemos las ventas de tiendas y las ventas de casas nuevas el Martes, ojo con DRN y los retailers, las ordenes de bienes duraderos, el indice del precio de las casas y el reporte del petroleo, nuevamente DRN, los metales y materiales que se necesitan para fabricar los articulos duraderos (que duran mas de 3 anios) y como siempre ojo en los inventarios de petroleo por que afectan el precio. El Jueves lo mas importantes todas las semanas son los seguros, de desempleo que estan arriba de 400,000 nuevamente, cifra asociada con las recesiones, de alli su importancia. El Viernes tenemos el GDP (PBI) del segundo trimestre, las ganancias corporativas y la confianza del consumidor. Estos tres indicadores el Viernes definitivamente van a mover al mercado.
Y no podemos olvidarnos de Europa, la atencion en la banca de ese continente que tiene el potencia de tumbarse a Europa y al mundo sin esfuerzo.
Llevamos cuatro semanas de bajas en las ultimas cinco.
4-Week Bill Announcement
11:00 AM ET
3-Month Bill Auction
11:30 AM ET
6-Month Bill Auction
11:30 AM ET
ICSC-Goldman Store Sales
7:45 AM ET
Redbook
8:55 AM ET
New Home Sales
10:00 AM ET
4-Week Bill Auction
11:30 AM ET
52-Week Bill Auction
11:30 AM ET
2-Yr Note Auction
1:00 PM ET
Bank Reserve Settlement
MBA Purchase Applications
7:00 AM ET
Durable Goods Orders
8:30 AM ET
FHFA House Price Index
10:00 AM ET
EIA Petroleum Status Report
10:30 AM ET
5-Yr Note Auction
1:00 PM ET
Weekly Bill Settlement
52-Week Bill Settlement
Jobless Claims
8:30 AM ET
EIA Natural Gas Report
10:30 AM ET
3-Month Bill Announcement
11:00 AM ET
6-Month Bill Announcement
11:00 AM ET
7-Yr Note Auction
1:00 PM ET
Fed Balance Sheet
4:30 PM ET
Money Supply
4:30 PM ET
GDP
8:30 AM ET
Corporate Profits
8:30 AM ET
Consumer Sentiment
9:55 AM ET
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Sab Ago 20, 2011 1:32 pm
Los huelguistas de Verizon comenzaran a trabajar el Martes.
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Sab Ago 20, 2011 1:35 pm
Me gusta el mensaje de Perry cuando dice: "Soy el gobernador pro negocios y sere el presidente pro negocios" (a favor de los negocios)
Ya era tiempo!!!
Ya era tiempo!!!
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Sab Ago 20, 2011 1:41 pm
Dicen que la gente de Bush detesta a Perry, a pesar de que vienen del mismo estado y los dos son republicanos. Karl Rove el arquitecto de las campanias presidenciales de Bush, abiertamente critico a Perry cuando este se atrevio a decir que era traicion a la patria el imprimir tantos dolares como lo esta haciendo Bernanke. Rove dijo que era anti presidencial, el expresarse de esa manera. Tuvo palabras muy duras para el candidato Perry.
El otro Bush ex gobernador de Florida endorso su voto y esta pidiendo el apoyo a otro candidato, nada que ver con Perry.
Sin embargo los medios de comunicacion ya estan criticando a Perry solo por que es de Texas, el pais no quiere a otro Texano, dicen.
El otro Bush ex gobernador de Florida endorso su voto y esta pidiendo el apoyo a otro candidato, nada que ver con Perry.
Sin embargo los medios de comunicacion ya estan criticando a Perry solo por que es de Texas, el pais no quiere a otro Texano, dicen.
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Sab Ago 20, 2011 1:49 pm
Problemas en el Paraiso
La fortaleza del franco Suizo esta causando problemas en Saint-Tropez y otras ciudades en Europa.
El alto franco Suizo esta creando una bomba de tiempo para las finanzas de las ciudades.
La tierra de Brigitte Bardot en la Riviera Francesa tiene en sus libros prestamos de $9.6 millones que pagan intereses en francos Suizos. El interes es ahora 3.94%, pero en Mayo del 2012, el interes es variable y sube conforme sube el franco Suizo frente al euro. Es decir que el interes podria subir 30%!!!
En Hugria docenas de ciudades tienen problemas por que su deuda esta en francos Suizos y simplemente no pueden pagarlas. En Francia la misma historia, tienen intereses fijos hasta el proximo anio y despues son variables y dependen del franco Suizo.
Trouble in Paradise
Strength of Swiss Franc Roils Saint-Tropez and Other Cities Across Europe
By DAVID GAUTHIER-VILLARS
Municipal officials in the sunny Mediterranean resort of Saint-Tropez are in a cold sweat: The rush into the Swiss franc is creating a time bomb for city finances.
The hometown of actress Brigitte Bardot on the French Riviera has a €6.7 million ($9.6 million) loan on its books that carries an annual interest rate tied to the Swiss franc, according to Saint-Tropez officials. The rate currently is fixed at 3.94%. Starting in May 2012, however, the rate becomes variable and rises when the Swiss franc appreciates against the euro.
Some officials in Saint-Tropez have calculated that, unless the Swiss franc falls off significantly from the peaks reached in recent days, the interest rate on the 20-year loan signed in 2007 would soar to 30%.
"This is devilish," says Verane Guérin, a member of the Saint-Tropez's municipal council, the city's parliament. "It would blow up our finances."
Like Saint-Tropez, many municipalities across Europe are saddled with loans carrying variable interest rates pegged to fluctuations in the Swiss franc, other foreign currencies or various commodity prices.
Jittery investors have been turning en masse to the Swiss franc and other assets deemed as safe havens amid growing concerns over sputtering economic growth in the U.S. and Europe.
The Swiss National Bank has battled to lower what it describes as a "massively overvalued" franc in recent weeks, flooding the Swiss franc market with liquidity and cutting interest rates to zero. It has stopped short, however, of intervening in the market.
The bank's efforts have paid off only in part. The euro has weakened 12% since Aug. 9, when it nearly hit parity with the franc, considered a critical threshold. But each new round of worries over the euro-zone crisis sparks a new bout of buying of the franc, and the current level of the franc is still damaging Swiss exporters. Late Friday, the euro was at 1.12 francs.
In Hungary, dozens of large cities are struggling with Swiss franc debts, and many are negotiating with bankers in an effort to delay repayments that they say they can no longer afford. Many of the Hungarian municipalities issued Swiss franc bonds before the 2008 financial crisis, which started the franc's spiraling rise. Nearly all the debt is held by local banks.
In addition, households across Hungary, Poland and Croatia have significant Swiss-franc debt, which has been weighing on domestic consumption in those countries, as people use their earnings to pay rising loan installments instead of buying new goods and services. All three nations have taken steps to ease the immediate burden on borrowers.
In Hungary, for example, borrowers can join a program that would fix the Swiss franc exchange rate applied to their debts at a level well below the current market value for three years. The difference between what is paid at the fixed rate and what is owed at the actual rate will be turned into a separate, local currency-denominated loan that also must be repaid, with interest, at the end of that period.
In France, variable-interest-rate loans pegged to the Swiss franc, known as structured products in banking jargon, became fashionable in the mid-2000s. Banks were seeking ways to improve profit margins on their municipal lending operations, which stood low because of intense competition. At the time, many lenders approached municipalities with enticing proposals, according to a July report by France's Cour des Comptes, the national audit office.
Structured loans often had lofty names, such "Helvetix" in the case of the Saint-Tropez product. Typically, the loans carried a very low, flat rate during the first few years after signature and, beyond a pivotal date agreed by contract, a variable rate pegged to risks that appeared both remote and manageable.
"They believed in Santa Claus," said Maurice Vincent, mayor of Saint-Etienne, a city in central France which, at one point, had as much as three-quarters of its €370 million debt in structured loans. "But the dream came to a brutal end."
Shortly before Mr. Vincent took office, in March 2008, the previous mayor had signed a €22 million structured loan with Deutsche Bank. The fixed rate of 4.30% was set to become variable from April 2010 and climb if the Swiss franc rose against the British pound.
Mr. Vincent said watching foreign-exchange movements turned into a daily torture. As the pound fell sharply against the franc and other main currencies in 2009, the mayor, who is also a university professor of economics, calculated that the interest rate would soon jump to a ceiling of 24%. The loan contract did include an exit clause, but the mayor said he considered the €17 million exit penalty "extravagant."
In late 2009, Saint-Etienne filed a civil complaint with a Paris court, accusing Deutsche Bank of having failed to provide the city with adequate advice. A Deutsche Bank spokesman declined to comment on the legal procedure, which is pending. In 2009, the bank had said that it "worked closely with the client to ensure that risks and opportunities of the transaction were well understood by all parties."
In its July report, the Cour des Comptes, the audit office, said French municipalities had between €10 billion and €12 billion of high-risk structured loans on their books.
"In some worst-case scenarios, the interest rates on these loans are double digit and can exceed 50%," the audit office said.
Some municipalities, such as Saint-Etienne, are now seeking to transfer all their "toxic" loans into a bad bank. The debt would be paid back by a special tax on banks, the municipalities say. The French government has so far said it was opposed to such a solution.
Saint-Tropez had total debt of €48 million as late last year, with about half as structured loans. Its mayor, Jean-Pierre Tuvéri, who declined to be interviewed for this article, is keeping a low profile on the fate of the Helvetix loan.
The former technocrat, who worked as a director at the Organization for Economic Cooperation and Development, has told city councilors that he favored a conciliatory approach with banks, according to local officials. An official at Crédit Foncier, a unit of Groupe BPCE which supplied the loan according to Saint-Tropez officials, declined to comment.
Ms. Guérin, the municipal council member, said the city currently pays annual installments of €234,000 on the Swiss-franc-tied loan. If the rate were to climb to 30%, annual installments would soar to €1.6 million, she said. If the city were to reimburse the entire loan ahead of schedule, it would have to pay a penalty of €2.9 million.
—Katie Martin, Gordon Fairclough and Deborah Ball contributed to this article.
Write to David Gauthier-Villars at David.Gauthier-Villars@wsj.com
La fortaleza del franco Suizo esta causando problemas en Saint-Tropez y otras ciudades en Europa.
El alto franco Suizo esta creando una bomba de tiempo para las finanzas de las ciudades.
La tierra de Brigitte Bardot en la Riviera Francesa tiene en sus libros prestamos de $9.6 millones que pagan intereses en francos Suizos. El interes es ahora 3.94%, pero en Mayo del 2012, el interes es variable y sube conforme sube el franco Suizo frente al euro. Es decir que el interes podria subir 30%!!!
En Hugria docenas de ciudades tienen problemas por que su deuda esta en francos Suizos y simplemente no pueden pagarlas. En Francia la misma historia, tienen intereses fijos hasta el proximo anio y despues son variables y dependen del franco Suizo.
Trouble in Paradise
Strength of Swiss Franc Roils Saint-Tropez and Other Cities Across Europe
By DAVID GAUTHIER-VILLARS
Municipal officials in the sunny Mediterranean resort of Saint-Tropez are in a cold sweat: The rush into the Swiss franc is creating a time bomb for city finances.
The hometown of actress Brigitte Bardot on the French Riviera has a €6.7 million ($9.6 million) loan on its books that carries an annual interest rate tied to the Swiss franc, according to Saint-Tropez officials. The rate currently is fixed at 3.94%. Starting in May 2012, however, the rate becomes variable and rises when the Swiss franc appreciates against the euro.
Some officials in Saint-Tropez have calculated that, unless the Swiss franc falls off significantly from the peaks reached in recent days, the interest rate on the 20-year loan signed in 2007 would soar to 30%.
"This is devilish," says Verane Guérin, a member of the Saint-Tropez's municipal council, the city's parliament. "It would blow up our finances."
Like Saint-Tropez, many municipalities across Europe are saddled with loans carrying variable interest rates pegged to fluctuations in the Swiss franc, other foreign currencies or various commodity prices.
Jittery investors have been turning en masse to the Swiss franc and other assets deemed as safe havens amid growing concerns over sputtering economic growth in the U.S. and Europe.
The Swiss National Bank has battled to lower what it describes as a "massively overvalued" franc in recent weeks, flooding the Swiss franc market with liquidity and cutting interest rates to zero. It has stopped short, however, of intervening in the market.
The bank's efforts have paid off only in part. The euro has weakened 12% since Aug. 9, when it nearly hit parity with the franc, considered a critical threshold. But each new round of worries over the euro-zone crisis sparks a new bout of buying of the franc, and the current level of the franc is still damaging Swiss exporters. Late Friday, the euro was at 1.12 francs.
In Hungary, dozens of large cities are struggling with Swiss franc debts, and many are negotiating with bankers in an effort to delay repayments that they say they can no longer afford. Many of the Hungarian municipalities issued Swiss franc bonds before the 2008 financial crisis, which started the franc's spiraling rise. Nearly all the debt is held by local banks.
In addition, households across Hungary, Poland and Croatia have significant Swiss-franc debt, which has been weighing on domestic consumption in those countries, as people use their earnings to pay rising loan installments instead of buying new goods and services. All three nations have taken steps to ease the immediate burden on borrowers.
In Hungary, for example, borrowers can join a program that would fix the Swiss franc exchange rate applied to their debts at a level well below the current market value for three years. The difference between what is paid at the fixed rate and what is owed at the actual rate will be turned into a separate, local currency-denominated loan that also must be repaid, with interest, at the end of that period.
In France, variable-interest-rate loans pegged to the Swiss franc, known as structured products in banking jargon, became fashionable in the mid-2000s. Banks were seeking ways to improve profit margins on their municipal lending operations, which stood low because of intense competition. At the time, many lenders approached municipalities with enticing proposals, according to a July report by France's Cour des Comptes, the national audit office.
Structured loans often had lofty names, such "Helvetix" in the case of the Saint-Tropez product. Typically, the loans carried a very low, flat rate during the first few years after signature and, beyond a pivotal date agreed by contract, a variable rate pegged to risks that appeared both remote and manageable.
"They believed in Santa Claus," said Maurice Vincent, mayor of Saint-Etienne, a city in central France which, at one point, had as much as three-quarters of its €370 million debt in structured loans. "But the dream came to a brutal end."
Shortly before Mr. Vincent took office, in March 2008, the previous mayor had signed a €22 million structured loan with Deutsche Bank. The fixed rate of 4.30% was set to become variable from April 2010 and climb if the Swiss franc rose against the British pound.
Mr. Vincent said watching foreign-exchange movements turned into a daily torture. As the pound fell sharply against the franc and other main currencies in 2009, the mayor, who is also a university professor of economics, calculated that the interest rate would soon jump to a ceiling of 24%. The loan contract did include an exit clause, but the mayor said he considered the €17 million exit penalty "extravagant."
In late 2009, Saint-Etienne filed a civil complaint with a Paris court, accusing Deutsche Bank of having failed to provide the city with adequate advice. A Deutsche Bank spokesman declined to comment on the legal procedure, which is pending. In 2009, the bank had said that it "worked closely with the client to ensure that risks and opportunities of the transaction were well understood by all parties."
In its July report, the Cour des Comptes, the audit office, said French municipalities had between €10 billion and €12 billion of high-risk structured loans on their books.
"In some worst-case scenarios, the interest rates on these loans are double digit and can exceed 50%," the audit office said.
Some municipalities, such as Saint-Etienne, are now seeking to transfer all their "toxic" loans into a bad bank. The debt would be paid back by a special tax on banks, the municipalities say. The French government has so far said it was opposed to such a solution.
Saint-Tropez had total debt of €48 million as late last year, with about half as structured loans. Its mayor, Jean-Pierre Tuvéri, who declined to be interviewed for this article, is keeping a low profile on the fate of the Helvetix loan.
The former technocrat, who worked as a director at the Organization for Economic Cooperation and Development, has told city councilors that he favored a conciliatory approach with banks, according to local officials. An official at Crédit Foncier, a unit of Groupe BPCE which supplied the loan according to Saint-Tropez officials, declined to comment.
Ms. Guérin, the municipal council member, said the city currently pays annual installments of €234,000 on the Swiss-franc-tied loan. If the rate were to climb to 30%, annual installments would soar to €1.6 million, she said. If the city were to reimburse the entire loan ahead of schedule, it would have to pay a penalty of €2.9 million.
—Katie Martin, Gordon Fairclough and Deborah Ball contributed to this article.
Write to David Gauthier-Villars at David.Gauthier-Villars@wsj.com
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Sab Ago 20, 2011 1:50 pm
Eso de endeudarse en monedas extranjeras es una jarana. Los intereses se van a comer al mundo.
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Sab Ago 20, 2011 1:52 pm
Alemania: no puede haber eurobonos sin política conjunta
sábado 20 de agosto de 2011 11:23 GYT
Imprimir[-] Texto [+] BERLIN (Reuters) - Europa no puede tener tasas de interés uniformes en su deuda a menos que su política fiscal también se realice colectivamente, dijo el sábado el ministro de Finanzas alemán, Wolfgang Schaeuble.
"Siempre que no tengamos una política financiera colectivizada no podemos tampoco tener un nivel de tasa de interés uniforme. Los distintos niveles de tasas son el incentivo para desarrollar una economía sólida o el castigo si no se está realizando apropiadamente", dijo Schaeuble, en un discurso en el día abierto de su cartera.
"Entonces la pregunta es cómo logramos promover la integración política paso a paso. No podemos colectivizar las tasas de interés", dijo Schaeuble, sobre las propuestas de que el bloque monetario debería emitir eurobonos comunes.
(Reporte de Matthias Sobolewski, escrito por Annika Breidthardt. Editado en español por Marion Giraldo)
sábado 20 de agosto de 2011 11:23 GYT
Imprimir[-] Texto [+] BERLIN (Reuters) - Europa no puede tener tasas de interés uniformes en su deuda a menos que su política fiscal también se realice colectivamente, dijo el sábado el ministro de Finanzas alemán, Wolfgang Schaeuble.
"Siempre que no tengamos una política financiera colectivizada no podemos tampoco tener un nivel de tasa de interés uniforme. Los distintos niveles de tasas son el incentivo para desarrollar una economía sólida o el castigo si no se está realizando apropiadamente", dijo Schaeuble, en un discurso en el día abierto de su cartera.
"Entonces la pregunta es cómo logramos promover la integración política paso a paso. No podemos colectivizar las tasas de interés", dijo Schaeuble, sobre las propuestas de que el bloque monetario debería emitir eurobonos comunes.
(Reporte de Matthias Sobolewski, escrito por Annika Breidthardt. Editado en español por Marion Giraldo)
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Sab Ago 20, 2011 1:54 pm
Alemania: no puede haber eurobonos sin política conjunta
sábado 20 de agosto de 2011 11:23 GYT
Imprimir[-] Texto [+] BERLIN (Reuters) - Europa no puede tener tasas de interés uniformes en su deuda a menos que su política fiscal también se realice colectivamente, dijo el sábado el ministro de Finanzas alemán, Wolfgang Schaeuble.
"Siempre que no tengamos una política financiera colectivizada no podemos tampoco tener un nivel de tasa de interés uniforme. Los distintos niveles de tasas son el incentivo para desarrollar una economía sólida o el castigo si no se está realizando apropiadamente", dijo Schaeuble, en un discurso en el día abierto de su cartera.
"Entonces la pregunta es cómo logramos promover la integración política paso a paso. No podemos colectivizar las tasas de interés", dijo Schaeuble, sobre las propuestas de que el bloque monetario debería emitir eurobonos comunes.
(Reporte de Matthias Sobolewski, escrito por Annika Breidthardt. Editado en español por Marion Giraldo)
sábado 20 de agosto de 2011 11:23 GYT
Imprimir[-] Texto [+] BERLIN (Reuters) - Europa no puede tener tasas de interés uniformes en su deuda a menos que su política fiscal también se realice colectivamente, dijo el sábado el ministro de Finanzas alemán, Wolfgang Schaeuble.
"Siempre que no tengamos una política financiera colectivizada no podemos tampoco tener un nivel de tasa de interés uniforme. Los distintos niveles de tasas son el incentivo para desarrollar una economía sólida o el castigo si no se está realizando apropiadamente", dijo Schaeuble, en un discurso en el día abierto de su cartera.
"Entonces la pregunta es cómo logramos promover la integración política paso a paso. No podemos colectivizar las tasas de interés", dijo Schaeuble, sobre las propuestas de que el bloque monetario debería emitir eurobonos comunes.
(Reporte de Matthias Sobolewski, escrito por Annika Breidthardt. Editado en español por Marion Giraldo)
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Sab Ago 20, 2011 1:57 pm
Eurobonos le costarían a Alemania miles de millones euros: medio
sábado 20 de agosto de 2011 13:57 GYT
Imprimir[-] Texto [+] BERLIN (Reuters) - Emitir eurobonos conjuntos le costaría a Alemania miles de millones de euros cada año, dijeron expertos del Ministerio de Finanzas, según fueron citados el sábado por una revista.
"En el primer año implicaría 2.500 millones de euros por costos de tasas de interés adicionales para el presupuesto del ministro de Finanzas Wolfgang Schaeuble, en el segundo año los costos duplicarían esa (cifra)", escribió la revista Der Spiegel en un adelanto antes de la publicación.
En el décimo año, el costo adicional estaría entre 20.000 y 25.000 millones de euros, según cálculos del Ministerio de Finanzas, escribió Der Spiegel.
Los cálculos se basaron en los eurobonos con tasas de interés de 0,8 puntos porcentuales, más altos que los de los bonos soberanos alemanes, dijo la revista, en línea con los papeles que el Banco Central Europeo vende actualmente para financiar su parte en el esquema de rescate de la zona euro.
Alemania ha dirigido la resistencia a los llamados a que el bloque monetario emita eurobonos comunes y expanda su fondo de rescate para aliviar las repetidas liquidaciones de mercado de los bonos de Gobierno y de las acciones bancarias de países endeudados vulnerables.
La canciller alemana, Angela Merkel, reiteró el viernes sus críticas hacia las propuestas para los bonos de la zona euro, diciendo que era un "callejón sin salida" que probablemente dejaría peor a todos.
Schaeuble también rechazó la idea el sábado, diciendo que Europa no podía tener tasas de interés uniformes en su deuda a menos de que su política fiscal también fuera realizada colectivamente.
(Reporte de Annika Breidthardt; Editado en español por Marion Giraldo)
© Thomson Reuters 2011 All rights reserved.
sábado 20 de agosto de 2011 13:57 GYT
Imprimir[-] Texto [+] BERLIN (Reuters) - Emitir eurobonos conjuntos le costaría a Alemania miles de millones de euros cada año, dijeron expertos del Ministerio de Finanzas, según fueron citados el sábado por una revista.
"En el primer año implicaría 2.500 millones de euros por costos de tasas de interés adicionales para el presupuesto del ministro de Finanzas Wolfgang Schaeuble, en el segundo año los costos duplicarían esa (cifra)", escribió la revista Der Spiegel en un adelanto antes de la publicación.
En el décimo año, el costo adicional estaría entre 20.000 y 25.000 millones de euros, según cálculos del Ministerio de Finanzas, escribió Der Spiegel.
Los cálculos se basaron en los eurobonos con tasas de interés de 0,8 puntos porcentuales, más altos que los de los bonos soberanos alemanes, dijo la revista, en línea con los papeles que el Banco Central Europeo vende actualmente para financiar su parte en el esquema de rescate de la zona euro.
Alemania ha dirigido la resistencia a los llamados a que el bloque monetario emita eurobonos comunes y expanda su fondo de rescate para aliviar las repetidas liquidaciones de mercado de los bonos de Gobierno y de las acciones bancarias de países endeudados vulnerables.
La canciller alemana, Angela Merkel, reiteró el viernes sus críticas hacia las propuestas para los bonos de la zona euro, diciendo que era un "callejón sin salida" que probablemente dejaría peor a todos.
Schaeuble también rechazó la idea el sábado, diciendo que Europa no podía tener tasas de interés uniformes en su deuda a menos de que su política fiscal también fuera realizada colectivamente.
(Reporte de Annika Breidthardt; Editado en español por Marion Giraldo)
© Thomson Reuters 2011 All rights reserved.
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Dom Ago 21, 2011 9:30 am
Duba tuvo la peor caida en dos semanas.
Las acciones del Golfo Persico cayeron con el indice de Dubai a sus niveles mas bajos en dos semanas, despues que el petroleo cayo y los reportes indicaron que la economia global se esta desacelerando.
Dubai Shares Drop Most in Two Weeks, Lead Gulf Drop, Paced by Emaar, DIB
By Zahra Hankir - Aug 21, 2011 9:32 AM ET .
Persian Gulf shares fell, with Dubai’s index retreating the most in almost two weeks, after oil declined and reports signaled the global economic recovery is faltering.
Emaar Properties PJSC (EMAAR), developer of the world’s tallest tower, dropped the most in almost two weeks. Shuaa Capital PSC (SHUAA), the investment bank controlled by Dubai’s ruler, tumbled 5.2 percent. The DFM General Index (DFMGI) fell 1.1 percent, the most since Aug. 9, to 1,452.54 at the 2:00 p.m. close in the emirate. The Bloomberg GCC 200 Index (BGCC200) retreated 0.8 percent. The 147-company Tadawul All Share Index (SASEIDX) lost 2.6 percent yesterday and declined 0.3 percent today.
Markets are trading lower on the “back of Saudi Arabia yesterday and global markets worsening over the weekend,” said Haissam Arabi, chief executive officer at Gulfmena Alternative Investments in Dubai. “We’re seeing 100 percent correlation with global macro themes. The correlation will continue for some time, although at some point that should change as our fundamentals are entirely different.”
The Standard & Poor’s 500 Index of U.S. stocks tumbled 5.9 percent and the Stoxx Europe 600 Index lost 6.3 percent Aug. 18 through 19. Reports showed jobless claims rose in the world’s largest economy and Philadelphia-area manufacturing shrank by the most since 2009, while investors speculated that European banks lack sufficient capital.
Cutting Forecasts
Morgan Stanley cut its forecasts last week for global growth this year, saying the U.S. and Europe are “dangerously close to recession.” JPMorgan Chase & Co. lowered estimates for the U.S., saying it may expand less than previously projected in the next two quarters as consumer sentiment drops and the housing market fails to gain momentum. Citigroup Inc. also cut its projection for the U.S.
Oil prices fell 3.7 percent to $82.26 a barrel last week in New York, capping an 18 percent slump since July 22, the biggest four-week decline since October 2008. The six nations of the Gulf Cooperation Council, including the U.A.E. and Saudi Arabia, supply about a fifth of the world’s oil.
More than $8 trillion has been erased from the value of global equities in the past four weeks on concern the U.S. may enter a recession and as an intensifying European debt crisis evoked memories of late 2008, when credit markets froze after Lehman Brothers Holdings Inc. collapsed.
Emaar dropped 1.8 percent, the most since Aug. 9, to 2.76 dirhams. Shuaa slid to 90 fils.
Abu Dhabi’s ADX General Index (ADSMI) and Kuwait’s gauge dropped 1.1 percent, Qatar’s QE Index (DSM) lost 1.2 percent and Oman’s MSM 30 Index declined 0.6 percent. Bahrain’s measure retreated 0.1 percent.
Las acciones del Golfo Persico cayeron con el indice de Dubai a sus niveles mas bajos en dos semanas, despues que el petroleo cayo y los reportes indicaron que la economia global se esta desacelerando.
Dubai Shares Drop Most in Two Weeks, Lead Gulf Drop, Paced by Emaar, DIB
By Zahra Hankir - Aug 21, 2011 9:32 AM ET .
Persian Gulf shares fell, with Dubai’s index retreating the most in almost two weeks, after oil declined and reports signaled the global economic recovery is faltering.
Emaar Properties PJSC (EMAAR), developer of the world’s tallest tower, dropped the most in almost two weeks. Shuaa Capital PSC (SHUAA), the investment bank controlled by Dubai’s ruler, tumbled 5.2 percent. The DFM General Index (DFMGI) fell 1.1 percent, the most since Aug. 9, to 1,452.54 at the 2:00 p.m. close in the emirate. The Bloomberg GCC 200 Index (BGCC200) retreated 0.8 percent. The 147-company Tadawul All Share Index (SASEIDX) lost 2.6 percent yesterday and declined 0.3 percent today.
Markets are trading lower on the “back of Saudi Arabia yesterday and global markets worsening over the weekend,” said Haissam Arabi, chief executive officer at Gulfmena Alternative Investments in Dubai. “We’re seeing 100 percent correlation with global macro themes. The correlation will continue for some time, although at some point that should change as our fundamentals are entirely different.”
The Standard & Poor’s 500 Index of U.S. stocks tumbled 5.9 percent and the Stoxx Europe 600 Index lost 6.3 percent Aug. 18 through 19. Reports showed jobless claims rose in the world’s largest economy and Philadelphia-area manufacturing shrank by the most since 2009, while investors speculated that European banks lack sufficient capital.
Cutting Forecasts
Morgan Stanley cut its forecasts last week for global growth this year, saying the U.S. and Europe are “dangerously close to recession.” JPMorgan Chase & Co. lowered estimates for the U.S., saying it may expand less than previously projected in the next two quarters as consumer sentiment drops and the housing market fails to gain momentum. Citigroup Inc. also cut its projection for the U.S.
Oil prices fell 3.7 percent to $82.26 a barrel last week in New York, capping an 18 percent slump since July 22, the biggest four-week decline since October 2008. The six nations of the Gulf Cooperation Council, including the U.A.E. and Saudi Arabia, supply about a fifth of the world’s oil.
More than $8 trillion has been erased from the value of global equities in the past four weeks on concern the U.S. may enter a recession and as an intensifying European debt crisis evoked memories of late 2008, when credit markets froze after Lehman Brothers Holdings Inc. collapsed.
Emaar dropped 1.8 percent, the most since Aug. 9, to 2.76 dirhams. Shuaa slid to 90 fils.
Abu Dhabi’s ADX General Index (ADSMI) and Kuwait’s gauge dropped 1.1 percent, Qatar’s QE Index (DSM) lost 1.2 percent and Oman’s MSM 30 Index declined 0.6 percent. Bahrain’s measure retreated 0.1 percent.
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Dom Ago 21, 2011 9:38 am
La inflacion de los ultimos 12 meses en Brasil supero el 7% por primera vez desde el 2005.
Por 12 meses consecutivos la inflacion se acelero en Brasil a 7.1% en los ultimos 12 meses. En el ultimo mes la inflacion subio 0.27% comparado con el pronostico de 0.19%.
El Banco Central dice que la inflacion bajara al 4.5% el proximo anio.
Brazil’s 12-Month Inflation Surpasses 7% for First Time Since 2005
By Alexander Ragir and Matthew Bristow - Aug 19, 2011 2:16 PM ET .
Brazilian inflation accelerated for the 12th consecutive month and exceeded 7 percent for the first time since 2005, undercutting bets that policy makers will reduce interest rates this year.
The inflation rate, as measured by the IPCA-15 index, rose to 7.1 percent in the 12 months through mid-August from 7 percent the previous month, the statistics agency said in a report distributed in Rio de Janeiro today. Prices gained 0.27 percent from the previous month, compared with the median forecast of 0.19 percent in a Bloomberg survey of 38 analysts.
“Food surprised with a strong acceleration,” Luciano Rostagno, the chief strategist at CM Capital Markets Ltda. in Sao Paulo, said in a telephone interview. “It shows that service prices are still high and refutes the argument that the central bank will cut rates in August or October.”
Carlos Hamilton, the central bank’s director of economic policy, said today that monthly numbers tend to be volatile and that the bank stands by its forecast that inflation will slow to the 4.5 percent mid-point of its target range next year. Yields on the interest-rate futures contract due in January 2013 rose one point, or 0.01 percentage point, to 12.12 percent as of 12:32 p.m. New York time.
Food prices gained 0.2 percent through mid-August, after a decline of 0.39 percent in the previous month, the statistics agency said. The cost of household goods climbed 0.66 percent.
Inflation Target
“Core inflation indicators have shown a certain moderation, as has full inflation,” Hamilton told reporters in the southern city of Porto Alegre. “We believe that, looking ahead, this is likely to continue, in line with our expectation that inflation will slow to the target next year.”
Hamilton added that Brazil’s jobs market is showing signs of the “expected moderation in activity” and that credit growth will slow to about 15 percent by the end of the year, from 20 percent in the year through June.
Investors are betting that the central bank will cut borrowing costs by 0.5 percentage point this year, and are split on whether they will cut rates this month, according to Bloomberg forecasts based on interest rate futures.
Yields plunged yesterday after central bank President Alexandre Tombini said policy makers will reconsider the global economic outlook amid increased concern that worldwide growth is slowing.
Global Growth
Tombini said on a conference call yesterday that policy makers may “reassess” their earlier view that slower global growth will have a “neutral or ambiguous” effect on Brazilian inflation during their Aug. 30-31 meeting.
“We have a monetary policy meeting at the end of this month, and surely the global environment that has become more challenging recently as well as the economic activity indicators that we have seen in Brazil will all be taken into account when we consider the next steps for monetary policy,” Tombini said in the call with journalists.
Tombini has raised the benchmark interest rate at all five of its policy meetings this year, to 12.5 percent, to try to cool the economy.
Brazil’s economic activity shrank in June for the first time since December, 2008. Job growth in July was lower than all 10 forecasts in a Bloomberg survey of economists. Industrial production fell 1.6 percent in June, the second-biggest drop in output since 2008, and business confidence in the second quarter fell to its lowest level since 2009.
Por 12 meses consecutivos la inflacion se acelero en Brasil a 7.1% en los ultimos 12 meses. En el ultimo mes la inflacion subio 0.27% comparado con el pronostico de 0.19%.
El Banco Central dice que la inflacion bajara al 4.5% el proximo anio.
Brazil’s 12-Month Inflation Surpasses 7% for First Time Since 2005
By Alexander Ragir and Matthew Bristow - Aug 19, 2011 2:16 PM ET .
Brazilian inflation accelerated for the 12th consecutive month and exceeded 7 percent for the first time since 2005, undercutting bets that policy makers will reduce interest rates this year.
The inflation rate, as measured by the IPCA-15 index, rose to 7.1 percent in the 12 months through mid-August from 7 percent the previous month, the statistics agency said in a report distributed in Rio de Janeiro today. Prices gained 0.27 percent from the previous month, compared with the median forecast of 0.19 percent in a Bloomberg survey of 38 analysts.
“Food surprised with a strong acceleration,” Luciano Rostagno, the chief strategist at CM Capital Markets Ltda. in Sao Paulo, said in a telephone interview. “It shows that service prices are still high and refutes the argument that the central bank will cut rates in August or October.”
Carlos Hamilton, the central bank’s director of economic policy, said today that monthly numbers tend to be volatile and that the bank stands by its forecast that inflation will slow to the 4.5 percent mid-point of its target range next year. Yields on the interest-rate futures contract due in January 2013 rose one point, or 0.01 percentage point, to 12.12 percent as of 12:32 p.m. New York time.
Food prices gained 0.2 percent through mid-August, after a decline of 0.39 percent in the previous month, the statistics agency said. The cost of household goods climbed 0.66 percent.
Inflation Target
“Core inflation indicators have shown a certain moderation, as has full inflation,” Hamilton told reporters in the southern city of Porto Alegre. “We believe that, looking ahead, this is likely to continue, in line with our expectation that inflation will slow to the target next year.”
Hamilton added that Brazil’s jobs market is showing signs of the “expected moderation in activity” and that credit growth will slow to about 15 percent by the end of the year, from 20 percent in the year through June.
Investors are betting that the central bank will cut borrowing costs by 0.5 percentage point this year, and are split on whether they will cut rates this month, according to Bloomberg forecasts based on interest rate futures.
Yields plunged yesterday after central bank President Alexandre Tombini said policy makers will reconsider the global economic outlook amid increased concern that worldwide growth is slowing.
Global Growth
Tombini said on a conference call yesterday that policy makers may “reassess” their earlier view that slower global growth will have a “neutral or ambiguous” effect on Brazilian inflation during their Aug. 30-31 meeting.
“We have a monetary policy meeting at the end of this month, and surely the global environment that has become more challenging recently as well as the economic activity indicators that we have seen in Brazil will all be taken into account when we consider the next steps for monetary policy,” Tombini said in the call with journalists.
Tombini has raised the benchmark interest rate at all five of its policy meetings this year, to 12.5 percent, to try to cool the economy.
Brazil’s economic activity shrank in June for the first time since December, 2008. Job growth in July was lower than all 10 forecasts in a Bloomberg survey of economists. Industrial production fell 1.6 percent in June, the second-biggest drop in output since 2008, and business confidence in the second quarter fell to its lowest level since 2009.
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Dom Ago 21, 2011 9:48 am
Los bonos denominados en soles Peruanos tuvieron la mas fuerte alza desde el 2006 debido a que los traders piensan que la inflacion podra ser contenida debido a la desaceleracion de la economia global.
El yields del bono denominado en soles de 7.84% bajo cuatro puntos basicos a 0.04% a 5.90%.
Se espera que las exportaciones de metales baje el proximo anio. Castilla espera que la economia crezca entre 6.% y 6.5% el proximo anio.
Nomura Securities dijo que si los precios de los metales caian, la economia Peruana podria sufrir una contraccion. Si eso ocurriera el Banco Central cortaria los intereses aagresivamente para reactivar a la economia.
Peruvian Sol Bonds Post Longest Winning Streak Since 2006 on Inflation
By John Quigley - Aug 19, 2011 3:35 PM ET .
Peruvian bonds posted their longest winning streak since 2006 as traders bet a slowdown in the global economy will spread to the Andean nation and help contain inflation.
The yield on Peru’s benchmark 7.84 percent sol-denominated bond due August 2020 declined four basis points, or 0.04 percentage point, to 5.90 percent at 2:57 p.m. in New York, according to prices compiled by Bloomberg. The bond’s price rose 0.25 centimo to 113.32 centimos per sol.
Bond yields have fallen for nine straight days, the longest streak since the period ending Dec. 18, 2006, when yields also fell for nine days. Yields shed 12 basis points this week.
Investors are betting Peruvian inflation will ease as slower growth in Europe and the U.S. dim growth prospects for the South American country and cause international food and fuel prices to fall, said Siobhan Morden, head of Latin American strategy at RBS Securities Inc. in Stamford, Connecticut.
“Inflation expectations have collapsed,” Morden said. “It’s not a liquidity crisis like we had in 2008, but more the traditional global slowdown. Emerging markets aren’t heading into crisis, but there are certainly slower growth prospects.”
The deceleration in the world economy and domestic activity in Peru led the country’s central bank Aug. 11 to keep interest rates unchanged for a third month.
Inflation will ease after hitting a three-year high in July, the central bank’s research director Adrian Armas said Aug. 12.
Economic Outlook
Peru’s export revenue is likely to fall next year as global demand for its metals declines, Finance Minister Miguel Castilla said Aug. 8. The $153 billion economy will expand 6 percent to 6.5 percent this year, after growing 7.7 percent in the first half, he said.
“If metal prices were to plummet, Peru’s economy could contract in 2012, due to its heavy reliance on mining investments,” Nomura Securities Inc. said today in an e-mailed report. “Under this scenario, we would expect the central bank to cut rates aggressively and for the government to increase spending in order to jump-start the economy.”
Peru is the world’s biggest silver producer, third largest in copper and zinc, and sixth in gold.
The sol strengthened 0.3 percent to 2.7340 per U.S. dollar, from 2.7414 yesterday. That’s the currency’s strongest level since April 2008.
The extra yield investors demand to own Peruvian government bonds instead of U.S. Treasuries fell six basis points to 210, according to JPMorgan Chase & Co.
El yields del bono denominado en soles de 7.84% bajo cuatro puntos basicos a 0.04% a 5.90%.
Se espera que las exportaciones de metales baje el proximo anio. Castilla espera que la economia crezca entre 6.% y 6.5% el proximo anio.
Nomura Securities dijo que si los precios de los metales caian, la economia Peruana podria sufrir una contraccion. Si eso ocurriera el Banco Central cortaria los intereses aagresivamente para reactivar a la economia.
Peruvian Sol Bonds Post Longest Winning Streak Since 2006 on Inflation
By John Quigley - Aug 19, 2011 3:35 PM ET .
Peruvian bonds posted their longest winning streak since 2006 as traders bet a slowdown in the global economy will spread to the Andean nation and help contain inflation.
The yield on Peru’s benchmark 7.84 percent sol-denominated bond due August 2020 declined four basis points, or 0.04 percentage point, to 5.90 percent at 2:57 p.m. in New York, according to prices compiled by Bloomberg. The bond’s price rose 0.25 centimo to 113.32 centimos per sol.
Bond yields have fallen for nine straight days, the longest streak since the period ending Dec. 18, 2006, when yields also fell for nine days. Yields shed 12 basis points this week.
Investors are betting Peruvian inflation will ease as slower growth in Europe and the U.S. dim growth prospects for the South American country and cause international food and fuel prices to fall, said Siobhan Morden, head of Latin American strategy at RBS Securities Inc. in Stamford, Connecticut.
“Inflation expectations have collapsed,” Morden said. “It’s not a liquidity crisis like we had in 2008, but more the traditional global slowdown. Emerging markets aren’t heading into crisis, but there are certainly slower growth prospects.”
The deceleration in the world economy and domestic activity in Peru led the country’s central bank Aug. 11 to keep interest rates unchanged for a third month.
Inflation will ease after hitting a three-year high in July, the central bank’s research director Adrian Armas said Aug. 12.
Economic Outlook
Peru’s export revenue is likely to fall next year as global demand for its metals declines, Finance Minister Miguel Castilla said Aug. 8. The $153 billion economy will expand 6 percent to 6.5 percent this year, after growing 7.7 percent in the first half, he said.
“If metal prices were to plummet, Peru’s economy could contract in 2012, due to its heavy reliance on mining investments,” Nomura Securities Inc. said today in an e-mailed report. “Under this scenario, we would expect the central bank to cut rates aggressively and for the government to increase spending in order to jump-start the economy.”
Peru is the world’s biggest silver producer, third largest in copper and zinc, and sixth in gold.
The sol strengthened 0.3 percent to 2.7340 per U.S. dollar, from 2.7414 yesterday. That’s the currency’s strongest level since April 2008.
The extra yield investors demand to own Peruvian government bonds instead of U.S. Treasuries fell six basis points to 210, according to JPMorgan Chase & Co.
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Dom Ago 21, 2011 9:50 am
Merkel de Alemania no quiere saber absolutamente nada de el bono Europeo. Y con justa razon.
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Re: Lunes 22/08/11 Obama esta de vacaciones por 10 dias
por admin » Dom Ago 21, 2011 9:59 am
Probablemente la demanda de equipos por parte de las empresas disminuyo en Julio. Los economistas esperan que las ordenes de bienes duraderos disminuyeron 0.5% despues de haber aumentado 0.4% en Junio.
El 16% de caida en la bolsa de valores desde el 22 de Julio refleja la disminucion de la confianza que podria haber forzado a las companias y consumidores a recortar aun mas sus presupeustos. La atencion estara en Bernanke quien habla el 26 de Agosto, se vera si el Fed indica las estrategias que usara si la economia necesita otra dosis de estimulo para evitar la recesion.
Business Equipment Demand Probably Fell
By Shobhana Chandra - Aug 21, 2011 12:01 AM ET .
Companies probably ordered less equipment in July as concern grew that the U.S. recovery was coming to a halt, economists said before reports this week.
Bookings for durable goods excluding transportation fell 0.5 percent after rising 0.4 percent in June, according to the median forecast of 38 economists surveyed by Bloomberg News ahead of Commerce Department figures Aug. 24. Two days later, data from the same agency may show the economy grew even less in the second quarter than previously estimated.
A 16 percent plunge in stocks since July 22 reflects a loss of confidence that may prompt companies and consumers to cut back even more. Attention will shift to Ben S. Bernanke on Aug. 26 to see whether the Federal Reserve chief lays out tools the central bank is likely to use should the economy need another dose of stimulus to avert a recession.
“Businesses are very cautious given all the uncertainty and slowing demand,” said John Herrmann, senior fixed-income strategist at State Street Global Markets LLC in Boston. “Any further weakness in the manufacturing sector will undermine the integrity of the recovery.”
Total orders for long-lasting goods, including the volatile transportation category, climbed 2.1 percent last month, the durables report will also show, according to the survey median.
The figures may reflect a rebound in production at vehicle makers following supply disruptions caused by the earthquake in Japan, and a jump in bookings for aircraft. Chicago-based Boeing Co. (BA), the world’s largest aerospace company, said it received 115 orders in July, up from 48 a month earlier.
Stocks Slump
The Standard & Poor’s Supercomposite Machinery Index, which includes companies like Deere & Co., has plunged 26 percent from the end of June to Aug. 19, while the broader S&P 500 gauge has declined 15 percent.
Round Rock, Texas-based Dell Inc. (DELL), the second-largest personal-computer maker, trimmed sales projections for this year, citing uncertain demand and slower spending on PCs and consumer technology.
“It’s clear that the demand environment is weaker and a bit more uncertain,” Chief Financial Officer Brian Gladden said on a conference call Aug. 16. The U.S. consumer business “has gotten weaker for sure,” and federal contracts are taking longer to close, while markets like China and India are growing, he said.
The policy-setting Federal Open Market Committee on Aug. 9 pledged to keep its benchmark interest rate near zero until at least mid-2013. Growth is “considerably slower” than anticipated, the FOMC said in a statement. Officials “discussed the range of policy tools” available and are “prepared to employ those tools as appropriate.”
Bernanke Speech
Bernanke will speak on Aug. 26 at the Kansas City Fed’s annual conference for global central bankers in Jackson Hole, Wyoming. He used the gathering last year to hint at a second round of so-called quantitative easing, in which the Fed purchased $600 billion of Treasuries from November 2010 to June.
A Commerce Department report the same day may show gross domestic product grew at a 1.1 percent annual pace in the April to June quarter, down from the 1.3 percent estimated last month, according to the Bloomberg survey median.
The dimming outlook for manufacturing now is a concern as much of the growth last quarter came from corporate investment and trade, while consumer spending, which accounts for about 70 percent of the economy, stagnated.
Confidence Shaken
Household spending may slow further as pessimism about the job market grows. A report on Aug. 26 may show the Thomson Reuters/University of Michigan final index of consumer sentiment slumped to 56, the lowest level since November 2008, from 63.7 the prior month, economists predicted.
Housing remains the laggard in the economy. New-home sales were unchanged at a 312,000 annual rate in July, the Bloomberg survey median showed. The Commerce Department’s figures are due Aug. 23. Purchases of previously owned houses, which account for the bulk of the market, fell last month to the weakest pace since November, the National Association of Realtors reported on Aug. 18.
Bloomberg Survey
==============================================================
Release Period Prior Median
Indicator Date Value Forecast
==============================================================
New Home Sales ,000’s 8/23 July 312 312
Durables Orders MOM% 8/24 July -1.9% 2.1%
Durables Ex-Trans MOM% 8/24 July 0.4% -0.5%
Cap Goods Core MOM% 8/24 July 0.4% -1.6%
Initial Claims ,000’s 8/25 20-Aug 408 405
GDP Annual QOQ% 8/26 2Q S 1.3% 1.1%
U of Mich Conf. Index 8/26 Aug. F 54.9 56.0
El 16% de caida en la bolsa de valores desde el 22 de Julio refleja la disminucion de la confianza que podria haber forzado a las companias y consumidores a recortar aun mas sus presupeustos. La atencion estara en Bernanke quien habla el 26 de Agosto, se vera si el Fed indica las estrategias que usara si la economia necesita otra dosis de estimulo para evitar la recesion.
Business Equipment Demand Probably Fell
By Shobhana Chandra - Aug 21, 2011 12:01 AM ET .
Companies probably ordered less equipment in July as concern grew that the U.S. recovery was coming to a halt, economists said before reports this week.
Bookings for durable goods excluding transportation fell 0.5 percent after rising 0.4 percent in June, according to the median forecast of 38 economists surveyed by Bloomberg News ahead of Commerce Department figures Aug. 24. Two days later, data from the same agency may show the economy grew even less in the second quarter than previously estimated.
A 16 percent plunge in stocks since July 22 reflects a loss of confidence that may prompt companies and consumers to cut back even more. Attention will shift to Ben S. Bernanke on Aug. 26 to see whether the Federal Reserve chief lays out tools the central bank is likely to use should the economy need another dose of stimulus to avert a recession.
“Businesses are very cautious given all the uncertainty and slowing demand,” said John Herrmann, senior fixed-income strategist at State Street Global Markets LLC in Boston. “Any further weakness in the manufacturing sector will undermine the integrity of the recovery.”
Total orders for long-lasting goods, including the volatile transportation category, climbed 2.1 percent last month, the durables report will also show, according to the survey median.
The figures may reflect a rebound in production at vehicle makers following supply disruptions caused by the earthquake in Japan, and a jump in bookings for aircraft. Chicago-based Boeing Co. (BA), the world’s largest aerospace company, said it received 115 orders in July, up from 48 a month earlier.
Stocks Slump
The Standard & Poor’s Supercomposite Machinery Index, which includes companies like Deere & Co., has plunged 26 percent from the end of June to Aug. 19, while the broader S&P 500 gauge has declined 15 percent.
Round Rock, Texas-based Dell Inc. (DELL), the second-largest personal-computer maker, trimmed sales projections for this year, citing uncertain demand and slower spending on PCs and consumer technology.
“It’s clear that the demand environment is weaker and a bit more uncertain,” Chief Financial Officer Brian Gladden said on a conference call Aug. 16. The U.S. consumer business “has gotten weaker for sure,” and federal contracts are taking longer to close, while markets like China and India are growing, he said.
The policy-setting Federal Open Market Committee on Aug. 9 pledged to keep its benchmark interest rate near zero until at least mid-2013. Growth is “considerably slower” than anticipated, the FOMC said in a statement. Officials “discussed the range of policy tools” available and are “prepared to employ those tools as appropriate.”
Bernanke Speech
Bernanke will speak on Aug. 26 at the Kansas City Fed’s annual conference for global central bankers in Jackson Hole, Wyoming. He used the gathering last year to hint at a second round of so-called quantitative easing, in which the Fed purchased $600 billion of Treasuries from November 2010 to June.
A Commerce Department report the same day may show gross domestic product grew at a 1.1 percent annual pace in the April to June quarter, down from the 1.3 percent estimated last month, according to the Bloomberg survey median.
The dimming outlook for manufacturing now is a concern as much of the growth last quarter came from corporate investment and trade, while consumer spending, which accounts for about 70 percent of the economy, stagnated.
Confidence Shaken
Household spending may slow further as pessimism about the job market grows. A report on Aug. 26 may show the Thomson Reuters/University of Michigan final index of consumer sentiment slumped to 56, the lowest level since November 2008, from 63.7 the prior month, economists predicted.
Housing remains the laggard in the economy. New-home sales were unchanged at a 312,000 annual rate in July, the Bloomberg survey median showed. The Commerce Department’s figures are due Aug. 23. Purchases of previously owned houses, which account for the bulk of the market, fell last month to the weakest pace since November, the National Association of Realtors reported on Aug. 18.
Bloomberg Survey
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Release Period Prior Median
Indicator Date Value Forecast
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New Home Sales ,000’s 8/23 July 312 312
Durables Orders MOM% 8/24 July -1.9% 2.1%
Durables Ex-Trans MOM% 8/24 July 0.4% -0.5%
Cap Goods Core MOM% 8/24 July 0.4% -1.6%
Initial Claims ,000’s 8/25 20-Aug 408 405
GDP Annual QOQ% 8/26 2Q S 1.3% 1.1%
U of Mich Conf. Index 8/26 Aug. F 54.9 56.0
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