Martes 12/06/2012 Precios importadores y exportadores

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11:32 a.m. EDT 06/12/12Treasurys
    Price Chg Yield %
2-Year Note   -1/32 0.294
10-Year Note   -13/32 1.635
* at close
11:23 a.m. EDT 06/12/12Futures
  Last Change Settle
Crude Oil 83.66 0.96 82.70
Gold 1612.1 15.3 1596.8
E-mini Dow 12450 140 12310
E-mini S&P 500 1313.25 13.00 1300.25
11:33 a.m. EDT 06/12/12Currencies
  Last (mid) Prior Day †
Japanese Yen (USD/JPY) 79.49 79.44
Euro (EUR/USD) 1.2476 1.2482
† Late Monday in New York.

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11:33 a.m. EDT 06/12/12Major Stock Indexes
  Last Change % Chg
DJIA 12517.68 106.45 0.86
Nasdaq 2833.27 23.54 0.84
S&P 500 1318.90 9.97 0.76
DJ Total Stock Market 13741.84 107.53 0.79
Russell 2000 756.05 5.04 0.67
Global Dow 1762.34 5.63 0.32
Japan: Nikkei Average* 8536.72 -88.18 -1.02
Stoxx Europe 600 243.22 1.30 0.54
UK: FTSE 100 5469.51 37.14 0.68

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  Last Change % Chg
DJIA 12502.47 91.24 0.74
Nasdaq 2827.05 17.32 0.62
S&P 500 1316.20 7.27 0.56
DJ Total Stock Market 13701.28 66.97 0.49

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12:19 p.m. EDT 06/12/12Treasurys
    Price Chg Yield %
2-Year Note   -0/32 0.286
10-Year Note   -13/32 1.632
* at close
12:10 p.m. EDT 06/12/12Futures
  Last Change Settle
Crude Oil 83.18 0.48 82.70
Gold 1616.9 20.1 1596.8
E-mini Dow 12425 115 12310
E-mini S&P 500 1309.50 9.25 1300.25
12:20 p.m. EDT 06/12/12Currencies
  Last (mid) Prior Day †
Japanese Yen (USD/JPY) 79.44 79.44
Euro (EUR/USD) 1.2476 1.2482
† Late Monday in New York.

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

[admin]

SPANISH Updated June 12, 2012, 12:05 p.m. ET
Los costos de financiación de España e Italia se disparan a niveles históricos

Por NICK CAWLEY y NEELABH CHATURVEDI
La crisis de la eurozona se profundizó el lunes a medida que un saltó en los rendimientos de los bonos soberanos de España alimentara la especulación de que el país podría necesitar un rescate, días después de que España dijera que buscará un paquete de ayuda para su atribulado sistema bancario.

Las turbulencias en el mercado se expandieron a Italia, la tercera economía de la eurozona, la cual vio un pronunciado aumento en el rendimiento de sus bonos, días antes de una crucial subasta y de las elecciones del fin de semana en Grecia que podrían definir la permanencia del país en la unión monetaria.

En la mañana, el rendimiento del bono de referencia a 10 años subió por encima de 6,78%, marcando un nuevo récord en la era euro.

Un corredor observa las pantallas en la bolsa de Madrid

El rendimiento de los bonos italianos también se disparó. El bono a 10 años avanzó 0,18 puntos porcentuales a 6,15%.

Italia tiene programado realizar una subasta hasta 4.500 millones de euros en bonos a tres y siete años el jueves, en lo que es visto como otra prueba para los mercados de bonos.

El mayor pesimismo que rodea la percepción crediticia de España podría tener profundas ramificaciones. Un rescate del gobierno español pondría bajo gran presión a los fondos de rescate de la eurozona, dejando poco dinero disponible en caso que Italia se quede sin acceso a los mercados de bonos.

"Es muy probable que España necesite un rescate complete en el futuro cercano, aunque los líderes europeos intentarán todas las opciones posibles para evitar este desenlace, incluyendo el revivir las compras de bonos por parte del BCE, así como otra operación de liquidez a tres años", dijo Pavan Wadhwa, director global de estrategias de tasas de interés de J.P. Morgan.

El apetito de los inversionistas por la deuda española se ha desvanecido en los últimos meses y los inversionistas extranjeros se han mantenido al margen, a medida que los rendimientos de los bonos se acercan a niveles considerados como insostenibles por parte del mercado. Los temores de que los tenedores privados de bonos queden detrás de los acreedores oficiales en el orden de pago en caso de un colapso ha socavado el ánimo de los inversionistas y ha apagado el optimismo que pudo generar el rescate bancario.

"Lo único cierto es que el rescate bancario español es un pasivo soberano e incrementará la deuda del gobierno en cerca de 10% del PIB", dijeron analistas de Citigroup en una nota enviada a sus clientes. "Además, si los fondos provienen del Mecanismo de Estabilidad Europeo, esto probablemente subordinará a los tenedores de bonos actuales".

España buscó un paquete de rescate de hasta 100.000 millones de euros (US$125.000 millones) para apuntalar su alicaído sector bancario. A diferencia de otros acuerdos de rescate, se espera que España acuda al mercado de bonos para financiarse.

Las preocupaciones de que los problemas españoles se extiendan más allá de su sector bancario y a Italia, también elevaron el costo de asegurar la deuda de esos dos países.

Temprano, los CDS españoles a cinco años --herramientas financieras que protegen a los tenedores de deuda en caso de impago-- subían 10 puntos básicos a 605 puntos básicos, tocando un nuevo máximo, de acuerdo con Markit.

El costo de asegurar la deuda italiana contra impago subía 11 puntos básicos el martes hasta 561 puntos básicos.
Order Reprints

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1:22 p.m. EDT 06/12/12Treasurys
    Price Chg Yield %
2-Year Note   -2/32 0.306
10-Year Note   -20/32 1.656
* at close
1:12 p.m. EDT 06/12/12Futures
  Last Change Settle
Crude Oil 83.02 0.32 82.70
Gold 1613.7 16.9 1596.8
E-mini Dow 12434 124 12310
E-mini S&P 500 1310.25 10.00 1300.25
1:22 p.m. EDT 06/12/12Currencies
  Last (mid) Prior Day †
Japanese Yen (USD/JPY) 79.42 79.44
Euro (EUR/USD) 1.2507 1.2482
† Late Monday in New York.

[admin]

DJIA 12525.63 114.40 0.92
Nasdaq 2830.42 20.69 0.74
S&P 500 1318.54 9.61 0.73

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+107.40

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El ECB dice que Europa necesitan una union de la banca.


ECB Says Euro Zone Needs Banking Union

By TODD BUELL And MARGIT FEHER
The European Central Bank said Tuesday the euro zone needs to create a banking union as an integral part of the bloc's monetary pact to strengthen the financial system and help reduce the growing and potentially risky interdependence of governments and commercial banks.

It also cautioned that the initiative would take time to negotiate and complete and could require substantive changes in national laws.

The Frankfurt-based central bank wrote in its semi-annual Financial Stability Review that a banking union, as suggested by ECB head Mario Draghi last month, needs to shatter the link between domestic banks who have been the main buyers of government bonds in peripheral countries; and governments, which have pumped in billions of euros of public money to stop banks from collapsing.

The banking union must also step up supervision of lenders throughout the region, establish a European deposit guarantee scheme to protect depositors and agree to EU-wide crisis resolution arrangements, the report said.

A banking compact should be conceived "as an integral counterpart of monetary union," the ECB wrote in its report. "These reforms will certainly take time to implement and may require substantive legal changes," including amendments to national laws, the ECB said.

The banking union idea has gained traction in recent weeks but is still viewed skeptically in both Germany and the U.K. Two members of the German central bank's executive board said Tuesday that a banking union can only be accompanied by a fiscal union.

While a banking union "could very well represent a sensible step forward," it "has to follow a deeper fiscal union as it would imply significantly increased risk sharing amongst countries," board member Andreas Dombret said in London.

The bank's vice president, Sabine Lautenschlaeger, said earlier Tuesday that a banking union can work in Europe only if it is accompanied by a fiscal union.

On Monday, Germany's Federal Association of Public Banks said it opposed a banking union proposed by the European Commission on the grounds that it would loot existing deposit insurance funds in Germany.

"It seems to me absurd that our deposit protection schemes, which were built over many years, should be used for insuring savings deposits in euro-zone crisis countries," said association President Christian Brand.

The ECB said its lending of cheap three-year money to banks in the form of Long Term Refinancing Operations wasn't meant as a "substitute for other forms of policy action."

Such non-standard measures have "created breathing space that must be used wisely and effectively," the bank said. Governments must use the time gained by these LTROs "in a decisive manner," it said.

Following two LTROs worth more than one trillion euros ($1.26 trillion) in total in December and February, peripheral country bond yields fell, calming markets and giving time for leaders to discuss longer term solutions to the bloc's financial difficulties. But Spanish and Italian yields have risen recently to almost unsustainable levels after Madrid asked for funds from the euro zone to shore up its capital-starved banks.

"The first—and arguably most concerning—key risk to euro area financial stability relates to sovereign vulnerabilities," the ECB said, noting the rise in bond yields along with signs of tension in bond markets. The ECB said that reversing these trends required action to address the vulnerability persisting among a number of euro-zone states.

"The outlook for financial stability remains very challenging in the euro area," the ECB said.

"It is clear that several euro area countries need to repair both their fiscal positions and prospects, as do other major advanced economies," the ECB said.

It said there was an increasing risk to financial stability from weak growth in the euro-zone economy and that "a weak growth outlook plagues several euro area countries," as well as uncertainty about how rigorously structural reforms are being implemented and their effectiveness in terms of competitiveness and productivity. Until such risks to fiscal sustainability have been dealt with "convincingly," the risk of a worsening debt crisis "remains key to euro area financial stability," the ECB concluded.

The ECB also said a deterioration of the euro zone or global economic outlook could both create volatility in asset prices and hurt borrowers' collateral values, thus limiting the availability of credit.


Risks could also emerge from "exogenous factors," such as an oil price shock "or a hard landing of a key emerging market economy," a thinly-veiled reference to China.

The ECB said that to contain the contractionary impact of necessary fiscal consolidation in the euro zone, "appropriate policies for economic growth are needed, including, notably, growth enhancing structural measures in euro area countries."

The ECB's Mr. Draghi called in late April for the formation of a "Growth Compact" to complement the "Fiscal Compact," which is designed to curtail excessive deficit spending and accumulation of debt in the euro zone.

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+126

[El_Diez]

La pregunta cuanto mas resistira Alemania antes de aprobar emision de mas bonos y imprimir fondos para rescatar a todos los paises que necesiten rescate, por que no solo es Espana.

Es muy cierto y suena gracioso lo dicho en el articulo que colocaron en el foro. En Europa calman a uno para que despierte el siguiente.

[Luis04]

Lo mas interesante seria saber que pasaria si Alemania decide salirse del Euro, porque Inglaterra esta fuera igual que Suiza y ellos siguen menos expuestos. Comentarios amigos.

[El_Diez]

Si se sale Alemania desaparece el Euro.

[admin]

BAC +2%