Jueves 01/03/12 ISM manufacturero

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El gasto del consumidor crecio menos de lo esperado o 0.2%, mientras el ingreso personal subio 0.3%. Se espraba un aumento de 0.4% en los dos.

Los seguros de desempleo bajaron 2,000 a 351,000, mas de lo esperado, buenas noticias.

Los yielsd han subido a 2.04%

Los futures del Dow Jones 37 puntos al alza.

Oil up 107.74

Euro down 1.3307

+39

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Au up 1,712.70

Yen down 81.18

Alemania +1.02%

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Libor igual 0.48%

Futures cu 3.9340

Ag up

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Actividad manufacturera zona euro se contrae, periferia sufre
jueves 1 de marzo de 2012 08:34 GYT
Imprimir[-] Texto [+] LONDRES (Reuters) - La industria manufacturera de la zona euro se contrajo por séptimo mes consecutivo en febrero, con las fábricas de las naciones endeudadas del bloque enfrentadas a las condiciones más difíciles de su historia, según un sondeo empresarial divulgado el jueves.
Es cada vez más probable que la zona euro de 17 miembros caiga en una leve recesión, dado que los nuevos pedidos siguen cayendo y la lista de trabajos atrasados se redujo, incluso en la economía más saludable de la región, Alemania.

El Indice de Gerentes de Compra (PMI) de Manufactura de la Zona Euro se elevó a 49,0 el mes pasado desde el 48,8 de enero, en línea con la lectura provisional, pero se mantuvo bajo el nivel 50 que divide el crecimiento de la contracción desde julio.

"Si la zona euro vuelve a caer en recesión en el primer trimestre sigue siendo altamente incierto. La periferia se mantiene como la mayor preocupación", dijo Chris Williamson, economista jefe del proveedor de datos Markit.

Las cifras se conocen al día siguiente de que el Banco Central Europeo (BCE) inyectara cerca de 500.000 millones de euros al sistema bancario de la zona euro.

La actividad manufacturera en la casi quebrada Grecia se contrajo a su mayor ritmo en al menos 13 años, mientras el país lleva adelante una nueva ola de recortes fiscales a cambio de una necesaria ayuda internacional.

En España, donde el Gobierno lucha por reducir su déficit público, las fábricas redujeron puestos de trabajo a su mayor tasa en más de dos años, empeorando las perspectivas de empleo en un país donde ya más de un 20 por ciento de la población está sin trabajo.

Las fábricas europeas redujeron empleos a su mayor ritmo en casi dos años y los nuevos pedidos siguieron decayendo, mientras que el sub-indicador de producción cayó a 50,3 desde una lectura de enero de 50,4.

"Los nuevos pedidos siguieron cayendo, lo que significa que las empresas normalmente se mantienen reacias a expandir capacidad y a tomar nuevos trabajadores, y a menudo prefieren reducir costos y prepararse para los tiempos difíciles", dijo Williamson.

La baja en los pedidos implica que las fábricas se comieron las listas de trabajos pendientes por noveno mes consecutivo.
Alemania, que ha mostrado más resistencia a la crisis de la zona euro, mostró que el sector manufacturero creció solo levemente el mes pasado dado que los nuevos pedidos cayeron por octavo mes seguido.

No hubo crecimiento en la vecina Francia donde el PMI se ubicó en 50,0, mientras que en Italia, el sector se contrajo por séptimo mes consecutivo.

Los PMI de otros países de la periferia europea, tales como Grecia, donde el índice cayó a un mínimo histórico, mostraron un continuo declive dado que los gobiernos se están viendo forzados a adoptar duras medidas de austeridad que dañan la producción, provocando llamados de algunos sectores a una nueva estrategia de crecimiento para la región.

(Reporte de Jonathan Cable, Editado en español por Ignacio Badal)

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March 01, 2012
Glencore International to acquire 7.8% of Trevali through an US$18-million private placement

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Glencore's Chris Eskdale to join Trevali Board

Vancouver, British Columbia...Trevali Mining Corporation ("Trevali" or the "Company") (TSX: TV; BVL: TV; OTCQX: TREVF; Frankfurt: 4TI) is pleased to announce that it has entered into a subscription agreement with a wholly-owned subsidiary of Glencore International Plc ("Glencore"), to sell by way of non-brokered private placement (the "Private Placement") 12,620,282 common shares in the capital of the Company (the "Common Shares") at CAD$1.42 (US$1.4263) per share for total proceeds of US$18 million.

The funds will be utilized to rapidly advance the Company's Santander Mine project in Peru and to provide working capital facilities for the new Halfmile Mine in New Brunswick that is presently under production ramp-up. The Private Placement is subject to customary closing conditions and the approval of the Toronto Stock Exchange.

On closing of the Private Placement, Mr. Chris Eskdale of Glencore will join Trevali's Board. A UK chartered accountant, Mr. Eskdale received his MA from Oxford University, England and has been a core member of Glencore's Metals and Minerals Business Group for in excess of 15 years where amongst his other roles he manages mining investments in the zinc-copper sector.

"We are very pleased to see Glencore provide a ringing endorsement of our two mining operations (including a robust advanced project pipeline) in addition to our experienced management and operations teams" stated Dr. Mark Cruise, President and CEO of Trevali Mining Corporation. "I am very pleased that Chris has accepted the invitation to join our Board -- his in-depth knowledge of the zinc industry will be an invaluable asset as the Company continues its transition from mine developer to zinc producer in 2012."

Mr. Daniel Maté, joint head of Glencore's Zinc-Copper Division added: "Having started out with a partnership with Trevali on the Santander project alone, we are excited at the prospect of contributing to the development of Trevali as a whole."

Immediately following the closing of the Private Placement, Glencore will directly own 12,620,282 Common Shares representing approximately 7.8% of the issued and outstanding Common Shares. Glencore also holds a $2-million convertible debenture facility (the "Facility") from Trevali. The outstanding indebtedness under the Facility becomes convertible in September 2012 at the 30-day volume weighted average trading price ("VWAP") of the Common Shares on the Toronto Stock Exchange with a minimum conversion price of C$0.64 per share. Assuming that the Facility was converted today, the 30-day VWAP of $1.26 per Common Share as of February 28, 2012 would result in the issuance of 1,659,714 Common Shares, together with Glencore's other holdings would represent approximately 8.8% of the issued and outstanding Common Shares on a partially diluted basis.

Further, an associate of Glencore owns Common Shares and Common Share purchase warrants which together with Glencore's holdings would represent approximately 12.45% of the Common Shares on a partially diluted basis.

Glencore agreed to the Private Placement in the ordinary course of Glencore's business. Glencore may from time to time acquire additional securities of Trevali, dispose of some or all of the existing or additional securities it holds or will hold, or may continue to hold its then current position.

Upon closing of the Private Placement, Glencore will acquire the securities from Trevali pursuant to applicable exemptions from the prospectus requirements and will receive legal opinions to that effect from legal counsel to Trevali. Further, the securities being issued to Glencore will contain a four month and one day resale restriction. A copy of this early warning report can be obtained from http://www.sedar.com or by contacting Glencore's representative listed below.

About Glencore
Glencore is one of the world's leading integrated commodities producer and marketer listed on the London and Hong Kong Stock Exchanges, and is active in 40 countries with more than 50,000 people employed directly and indirectly.

ABOUT TREVALI MINING CORPORATION
Trevali has two advanced-stage polymetallic (zinc-lead-silver-copper) deposits in Canada and Peru -- the Halfmile and Santander mine projects respectively. In Canada, Trevali owns the Halfmile Mine and Stratmat polymetallic deposit in the Bathurst Mining Camp of northern New Brunswick, and the past-producing Ruttan copper-zinc mine in northern Manitoba. Production from the Halfmile Mine commenced in early 2012 and will ramp up to a planned production rate of 2,000-tonnes-per-day.

In Peru, the Company has the Santander zinc-lead-silver mine project and the former-producing Huampar silver mine, both located in the Central Peruvian Polymetallic Belt. Mine commissioning is anticipated to commence at the Santander operation in mid-2012 with ramp up to full 2,000-tonnes-per-day production to follow shortly thereafter. Additionally through its wholly-owned subsidiary, Trevali Renewable Energy Inc., Trevali is undertaking a significant upgrade of its wholly-owned Tingo run-of-river hydroelectric generating facility along with transmission line upgrades and extensions to allow, in addition to supplying power to the mining operation on the property, the potential sale of surplus power into the Peruvian National Energy Grid.

The common shares of Trevali are listed on the TSX (symbol TV), the OTCQX (symbol TREVF) and on the Lima Stock Exchange (symbol TV). Warrants to purchase common shares of Trevali are listed on the TSX (symbol TV.WT). For further details on Trevali, readers are referred to the Company's web site (http://www.trevali.com) and to Canadian regulatory filings on SEDAR at http://www.sedar.com.

On Behalf of the Board of Directors of
TREVALI MINING CORPORATION

"Mark D. Cruise" (signed)
Mark D. Cruise, President

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El desempleo sube en Europa a 10.7%

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http://online.wsj.com/public/page/espanol-inicio.html

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Los bonos de espana y Francia suben.

Ministros listos para aprobar el rescate a Grecia.

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Yields up 2.038%

81.18 +0.05%, el indice del dolar al alza.

+37

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BAC esta trabajando en una forma de cobrarle a sus ahorristas un gasto mensual. Eso a nadie le gusta.

No hay mucha confianza en las nuevas promesas de North Korea, ya mintieron antes.

+45

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Ele xclusivo club de las companias valorizadas en mas de $500 billones. En comparacion AAPL es la mas barata.

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Otras companias que algun momento fueron valorizadas arriba de $500 billones fueron Cisco, Exxon, GE, Intel, y MCSFT.

Apple joins the $500 billion club
February 29, 2012, 6:13 PM.On Wednesday, Apple joined an elite group, as its shares rose $7.03 to end the day, and the month, at $542.44. And with that gain, Apple finished February with a market capitalization of $505.8 billion.

The company joined the likes of Cisco Systems Inc., Exxon Mobil, General Electric Co., Intel Corp. and Microsoft Corp., each of which has, at one time, put in a month-ending close with a market cap of at least $500 billion, according to data compiled by S&P Indicies.

Apple reached the $500 billion valuation mark a little more than six months after it first surpassed Exxon for the title of world’s most-valuable company. At that time, on August 10, Apple’s shares closed at $363.69 and giving the company a market cap of $337.2 billion.

Since then, Apple has remained on a tear, with its market cap climbing $142 billion. By comparison, Exxon’s market cap has risen a comparatively paltry $77 billion to $407 billion.

And with Apple setting March 7 for an event in which the company is widely expected to unveil the next version of the iPad, the company looks set to put even more distance between itself and all the other pretenders to its market cap crown.

-Rex Crum

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SCCO +0.19%

BVN -0.02%

BAP +0.18%

C +0.57%

BAP +0.18%

C +0.66%

ERX +1.11%

EDC +1.03%

AAPL +0.86%

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FAS +1.18%

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Oil up 107.73

Au up 1,713

+31.29