Jueves 21/06/12 Indicadores lideres, Ventas casas, PMI

[admin]

-188

[admin]

-197

[admin]

Todo en rojo. Mal verano.

[javiier3434]

Moody’S Said To Be Poised To Announce Bank Downgrades Today
By Howard Mustoe - Jun 21, 2012 1:04 PM GMT-0500
Moody’s Investors Service has told banks it may later today announce downgrades of the credit ratings of as many as 17 lenders and securities firms with global capital markets operations, according to two people with knowledge of the plans.
The announcement may come after the close of trading in New York today, said one of the people, who asked to not be identified because the information is private.
Enlarge image
Moody's Investors Service Inc. headquarters in New York. Photographer: Scott Eells/Bloomberg
“As a policy we don’t comment on the timing of potential future rating actions,” Abbas Qasim, a New York-based spokesman for Moody’s, said in a telephone interview today.
The company said in February it may lower the ratings of firms including UBS AG (UBSN), Credit Suisse Group AG (CSGN) and Barclays Plc (BARC) as part of a review of how Europe’s sovereign debt crisis was hurting more than 100 lenders. Any downgrades could raise borrowing costs and force banks to increase collateral.
The 43-member Bloomberg Europe Banks and Financial Services Index fell 0.5 percent to 73.92.
UBS, Credit Suisse and Morgan Stanley (MS)’s credit ratings may be cut by as many as three levels, Moody’s said in February. Barclays, BNP Paribas SA (BNP), Credit Agricole SA (ACA), HSBC Holdings Plc (HSBA), Goldman Sachs Group Inc. (GS), Deutsche Bank AG (DBK), JPMorgan Chase & Co. (JPM), Citigroup Inc. (C), and Royal Bank of Canada (RY) may be lowered by two, Moody’s said.
Bank of America Corp., Royal Bank of Scotland Group Plc (RBS) and Societe Generale SA (GLE) may be lowered by one grade, it said.
‘Earnings Challenges’
Macquarie Group Ltd., another of the banks put on review in February, had its credit rating cut one level to A3 by Moody’s on March 15, citing “ongoing earnings challenges” for Australia’s largest investment bank.
The same day, the ratings firm cut the debt rating of Nomura Holdings Inc. (8604), one of the 17, to the lowest investment grade, saying global competition raises questions over the profitability of Japan’s biggest securities firm. The one-step reduction brought Nomura’s long-term debt rating to Baa3, one level above junk.
Moody’s reduced the credit ratings of Italian banks including UniCredit SpA (UCG) and Intesa Sanpaolo SpA in May, citing a weakened earnings and a subdued economic outlook. The ratings company then downgraded 16 Spanish lenders including Banco Santander SA (SAN) on May 18 before cutting seven German and three Austrian lenders on June 6.
Spain’s banks would need as much as 62 billion euros ($78 billion) in capital to withstand a worst-case economic scenario, two consulting firms hired by the government to conduct stress tests on the lenders said today. The government hired the two firms last month to estimate the capital shortfall at the nation’s banks as investors questioned the health of lenders pummeled by a five-year real estate slump.
Sky News reported the timing of the announcement earlier.
To contact the reporter on this story: Howard Mustoe in London at hmustoe@bloomberg.net
To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net
More News:
Asia · Canada · Europe · U.K. & Ireland · U.S. · Bonds · Finance
Facebook Share
LinkedIn
Google +1
13 COMMEN

[admin]

Los despidos de personal siguen elevados y las fabricas estan haciendo recortes.

Mas y mas indicadores muestran que US desacelera.

Firings in U.S. Remain Elevated and Factories Retrench: Economy


More Americans than forecast filed claims for jobless benefits and manufacturing in the Philadelphia region shrank, adding to evidence the U.S. economic expansion is weakening.


Applications for unemployment insurance payments fell by 2,000 to 387,000 in the week ended June 16, Labor Department figures showed today in Washington. The median forecast of 45 economists surveyed by Bloomberg News called for 383,000. The Federal Reserve Bank of Philadelphia’s factory index dropped to minus 16.6 in June, the lowest level since August.

Stocks and bond yields fell as the data reinforced concerns the recovery is faltering after Fed policy makers yesterday cut their growth forecasts and extended a program to keep long-term interest rates low. Another report today showed sales of existing homes fell in May, indicating that tight credit and the weakest employment gains in a year are holding back residential real estate.

“The labor-market recovery appears to be stalling,” said Millan Mulraine, a senior U.S. strategist at TD Securities in New York. “We are likely to see further moderation in consumer spending, which suggests weakness in manufacturing. This provides confirmation of the Fed’s stance.”

Stocks fell for a second day on the disappointing economic news. The Standard & Poor’s 500 Index dropped 1 percent to 1,342.21 at 12:08 p.m. in New York. The yield on the benchmark 10-year note declined to 1.60 percent from 1.66 percent late yesterday.

Elsewhere, euro-area manufacturing shrank in June at the fastest pace in three years and a gauge for China showed output contracted as Europe’s worsening fiscal crisis clouded global economic-growth prospects.

Sales Drop
Sales of previously owned U.S. homes declined 1.5 percent in May to a 4.55 million annual rate, figures from the National Association of Realtors showed in Washington. Nonetheless, the pace of purchases surpassed the 4.26 million houses sold in 2011, showing the market is stabilizing.

“It’s a bumpy trajectory,” said Michelle Meyer, a senior U.S. economist at Bank of America Corp. in New York. “It’s going to be a gradual recovery.”

The claims report showed the four-week average, a less volatile measure, climbed to 386,250, the highest since the week ended Dec. 3, from 382,750.

Last week included the 12th of the month, which coincides with the period the Labor Department uses in its survey of employers to calculate monthly payroll growth. The four-week average for the May survey week was about 10,000 lower, indicating little progress this month. The employment report for June will be released on July 6.

Employment Cools
Payrolls in May expanded by 69,000 workers, the slowest pace in a year, and have cooled each month since January. The jobless rate, which climbed to 8.2 percent in May, has been stuck above 8 percent since February 2009.

“Momentum is slowing,” said Ryan Wang, at HSBC Securities USA Inc. in New York, the only economist in the Bloomberg survey to correctly forecast the level of claims. “Companies have curtailed demand for labor. This means less income growth. That’s a restraint on consumer spending.”

Estimates for claims in the Bloomberg survey ranged from 371,000 to 390,000. The Labor Department revised the previous week’s figure up to 389,000 from an initially reported 386,000.

Another report today showed the fewest Americans in five months said the economy was improving in June, signaling the slowdown in employment is seeping into consumer psychology.

Diminished Expectations
The share of households viewing the economy as heading in the right direction fell to 22 percent this month, the lowest since January, pushing the Bloomberg monthly expectations gauge to minus 11 from minus 1 in May. The weekly Bloomberg Consumer Comfort Index was minus 37.9 in the period ended June 17, down from a four-week high of minus 36.4.

“The steady drip of dreary economic data and a deteriorating labor market is reshaping public expectations,” said Bloomberg LP senior economist Joseph Brusuelas in New York. The decline “will likely result in slower spending, which in turn will likely have an adverse impact on business confidence.”

The Philadelphia Fed’s report provided evidence of such a drop. The central bank’s data showed orders and sales contracted this month.

“The economy is going to get worse before it gets better,” James Craigie, chairman and chief executive officer of Church & Dwight Co., which makes Arm & Hammer baking soda, said during a June 19 investor conference. “We see continued weak consumer spending, continued volatility in commodities, continued competitive pressures out there.”

Manufacturing Cools
Not all the news on manufacturing today was as dire. Figures from London-based Markit Economics showed U.S. factories continued to expand this month, albeit at a slower pace.

“Businesses are nervous, but they’re not panicking, and that gives the recovery a fighting chance,” said Ryan Sweet, a senior economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, who projected the Philadelphia index would drop. “We’re in a soft patch,” he said. “July’s going to be very, very important. If this weakness lingers into July, there’s serious cause for concern.”

Also today, the index of U.S. leading economic indicators rose in May, propelled by a jump in home-building permits, signaling the expansion will be sustained. The Conference Board’s gauge of the outlook for the next three to six months increased 0.3 percent after a 0.1 percent drop in April, the New York-based group said.

Fed officials yesterday said they’ll expand Operation Twist, a program to replace short-term bonds with longer-term debt, by $267 billion through the end of 2012. They left unchanged their view that economic conditions will probably warrant keeping interest rates “exceptionally low” at least through late 2014, and said they are “prepared to take further action as appropriate

[admin]

Malos indicadores en US y PMI debajo de 50 en China, crisis en Europa, muy mala combinacion.

OIl down 78.46

-213.81

Los yields bajan a 1.60%

Au down 1,566

Los commodities en el abismo.

[admin]

Ask 3.3094 - 3.3102
Change +0.0007 +0.02%
Low/High 3.3075 - 3.3102
Charts

Nickel June 21,14:02
Bid/Ask 7.4596 - 7.4660
Change -0.0073 -0.10%
Low/High 7.4415 - 7.4755
Charts

Aluminum June 21,14:03
Bid/Ask 0.8231 - 0.8246
Change -0.0008 -0.10%
Low/High 0.8231 - 0.8247
Charts

Zinc June 21,14:01
Bid/Ask 0.8291 - 0.8295
Change -0.0005 -0.05%
Low/High 0.8291 - 0.8304
Charts

Lead June 21,14:03
Bid/Ask 0.8219 - 0.8228
Change -0.0014 -0.17%
Low/High 0.8214 - 0.8244

[admin]

La plata va bajando 5%

-202.21

[admin]

El euro en el suelo 1.2563

VIX up 19.54

[admin]

TODAY'S MARKETSUpdated June 21, 2012, 1:47 p.m. ET
Stocks Fall on Lackluster Economic Data; Goldman Call Accelerates Decline

By CHRIS DIETERICH
NEW YORK—Gloomy economic readings from three continents sent stocks skidding and spurred a bearish recommendation from Goldman Sachs, compounding losses in major benchmarks.

The Dow Jones Industrial Average fell 166 points, or 1.3%, to 12658 in afternoon trading on Thursday. The Standard & Poor's 500 fell 21 points, or 1.5%, to 1334. The Nasdaq Composite ticked down 52 points, or 1.8%, to 2878, on course to snap a five-session streak of gains.

The Dow inched higher at the open, but retreated into the red after Mid-Atlantic manufacturers said that business conditions deteriorated sharply this month, according to the Federal Reserve Bank of Philadelphia.

Stocks slid to session lows after analysts at Goldman Sachs recommended that clients set up short positions in the S&P 500. The analysts set a short target for the benchmark index at 1285, about 4% lower than current levels, writing that Thursday's soft U.S. reports "provides further evidence that weakness has extended into June."

Short sellers borrow shares from other investors and sell them in the hope of buying them back at a lower price later.

Energy and materials stocks were the S&P 500's worst performing sectors after reports showed that business activity in the euro zone and manufacturing activity in China each contracted in June.

Slowing industrial activity crimped demand for commodities, and aluminum company Alcoa AA -3.59%fell as the Dow's biggest decliner. Blue chips Exxon Mobil XOM -3.12%and Chevron CVX -2.89%also fell as oil prices dropped below $80 for the first time this year.

"There's a fair amount of hope that the economy can accelerate and I think that's fundamentally misplaced," said Joe Costigan, director of equity research at Bryn Mawr Trust, which manages more than $6 billion in assets.

"What we're experiencing is slow growth, and in periods of uncertainty, people pull back. That's what we're seeing today," Mr. Costigan said.

The number of Americans filing for jobless benefits fell slightly last week, though the prior week's figure was revised higher, indicating the labor market is struggling to avoid stalling.

In other economic news, sales of previously owned homes in the U.S. fell in May, while separate data showed home prices rose slightly more than expected in April.

European markets turned lower after the weak U.S. data. The Stoxx Europe 600 fell 0.5% and broke four-day winning streak. A Spanish bond auction received strong demand, although at sharply higher yields than previous auctions.

Crude oil futures fell 2.7% to $79.2 4 a barrel, and gold futures shed 3.1% to $1,565 a troy ounce. The U.S. dollar rose against the euro and the yen. The yield on 10-year U.S. Treasury bonds fell to 1.608% as demand rose.

Most Asian stock markets fell on worries about the Chinese economy after the gauge of China's manufacturing activity showed more weakness.

In corporate news, shares of Bed Bath & Beyond BBBY -17.01%slumped after the company reported fiscal first-quarter earnings that topped analyst estimates, though its second-quarter outlook was below projections.

Red Hat RHT -5.82%fell after the software provider reported a slowdown in revenue that's been booked but not yet collected, even though its quarterly revenue and earnings were better than Wall Street expected.

Rite RAD +8.55%Aid jumped after the drugstore chain reported better-than-expected fiscal fourth-quarter results, although it lowered full-year revenue and its same-store sales outlook because of an increase in sales of generic drugs.

Celgene CELG -11.33%slid after the company withdrew an application to European Union health regulators for the approval of Revlimid, its drug to treat multiple myeloma.

Meanwhile, Onyx Pharmaceuticals ONXX +42.69%soared after the company said its multiple myeloma treatment, Kyprolis, received a positive vote from a Food and Drug Administration committee.

Micron Technology MU -7.03%slipped after the semiconductor maker reported a wider-than-expected fiscal third-quarter loss, citing weaker flash memory pricing and declining margins.

Sun Healthcare SUNH +36.07%shot up after the company agreed to be acquired by Genesis Healthcare in a deal valued at approximately $275 million net of cash and debt.

Write to Chris Dieterich at chris.dieterich@dowjones.com

[admin]

Una proyección a la baja de Goldman Sachs hunde a los mercados
Por CHRIS DIETERICH
NUEVA YORK--Las débiles lecturas de la economía de Estados Unidos hicieron caer a las acciones y generaron una proyección bajista del mercado de parte de Goldman Sachs, lo cual a su vez aceleró los descensos en los principales índices.

El Promedio Industrial Dow Jones caía 148 puntos, o un 1,2%, a 12677 el jueves.

El índice Standard & Poor's 500 declinaba 18 puntos, o un 1,4%, a 1337. El Índice Compuesto Nasdaq descendía 48 puntos, o un 1,6%, a 2883 y se encaminaba a poner fin a una racha de cinco sesiones de avances.

El Dow ingresó a territorio negativo después de que la actividad del sector manufacturero en la región central de la costa este de Estados Unidos se contrajera fuertemente en junio, según el Banco de la Reserva Federal de Filadelfia. Los datos del jueves se conocieron tras la lectura decepcionante de la semana pasada de la producción fabril de la Fed de Nueva York.

Los principales índices cayeron a mínimos de sesión después de que analistas de Goldman Sachs recomendaran que los clientes establezcan posiciones en descubierto en el S&P 500. Los analistas fijaron una meta de posiciones en descubierto para el índice referencial de 1285, aproximadamente un 4% menos que los niveles actuales, y escribieron que los débiles datos fabriles del jueves "entregan más pruebas de que la debilidad se ha extendido a junio".

Los vendedores de posiciones en descubierto toman prestadas acciones de otros inversionistas y las venden, con la esperanza de recomprarlas luego a un menor precio.

En otras noticias económicas, las ventas de viviendas usadas cayeron un 1,5% en mayo frente al mes previo, mientras que otro informe mostró que los precios de viviendas subieron menos de lo esperado en abril.

[admin]

Ag down 26.86

[admin]

Brasil mas del 2% a la baja.

Argentina
Index Name Value Change % Change Time
Buenos Aires Stock Exchange Merval Index 2,305.72 -45.81 -1.95% 14:31:14
Buenos Aires Stock Exchange BURCAP Index 8,445.59 -133.75 -1.56% 14:31:14
Merval Argentina Index 1,597.01 -24.71 -1.52% 14:31:14
Indice Bolsa General BOLSA-G 142,627.40 -2,268.00 -1.57% 14:31:14

BermudaIndex Name Value Change % Change Time
Bermuda Stock Exchange Index 1,072.54 +4.83 +0.45% 06/20/2012

Brazil
Index Name Value Change % Change Time
Bovespa Brasil Sao Paulo Stock Exchange Index 55,863.15 -1,303.40 -2.28% 14:35:30
Sao Paulo Stock Exchange IBrX Index 20,089.60 -422.56 -2.06% 14:37:30
Sao Paulo Stock Exchange Electrical Energy Index 34,847.93 -285.76 -0.81% 14:37:30
Bovespa Telecommunications Sector Index - -
Bovespa Exchange Shares With Differentiated Corporate Governance Index 7,050.10 -140.80 -1.96% 14:37:30
Bovespa Valor Second Line Index 6,431.71 -121.01 -1.85% 14:37:30
Sao Paulo Stock Exchange 50 Index 8,295.27 -189.90 -2.24% 14:37:30

Canada
Index Name Value Change % Change Time
S&P/TSX Composite Index 11,471.94 -287.40 -2.44% 14:31:45
S&P/TSX Equity Index 11,783.95 -302.79 -2.51% 14:32:45
S&P/TSX 60 Index 656.16 -16.77 -2.49% 14:32:45
S&P 500/Toronto Stock Exchange Venture Composite Index 1,220.34 -34.23 -2.73% 14:32:45

Chile
Index Name Value Change % Change Time
Santiago Stock Exchange IPSA Index 4,376.44 -20.34 -0.46% 14:35:03
Santiago Stock Exchange IGPA Index 20,977.03 -77.68 -0.37% 14:52:14
Chile Inter-10 Index 5,672.16 +19.56 +0.35% 14:35:03
Chile 65 Index 3,087.57 +41.79 +1.37% 14:28:57
Chile Large Cap Index 2,959.99 +43.99 +1.51% 14:28:57
Chile Small Cap Index 3,943.80 -15.73 -0.40% 14:23:35

ColombiaIndex Name Value Change % Change Time
Colombia COLCAP Index 1,646.13 -40.47 -2.40% 14:31:01
Columbia COL20 Index 1,332.97 -28.47 -2.09% 14:31:01
Indice General de la Bolsa de Valores de Colombia 13,597.07 -369.50 -2.65% 14:31:01

Costa RicaIndex Name Value Change % Change Time
BCT Corp Costa Rica Stock Market Index - -

JamaicaIndex Name Value Change % Change Time
Jamaica Stock Exchange Market Index 87,832.77 -536.62 -0.61% 14:00:04

Mexico
Index Name Value Change % Change Time
Mexican Stock Exchange Mexican Bolsa IPC Index 38,646.20 -327.44 -0.84% 14:32:37
Mexican Stock Exchange INMEX Index 2,067.00 -23.94 -1.14% 14:32:14
Mexican Stock Exchange IMC 30 Index 456.93 +0.15 +0.03% 14:32:34
Mexican Stock Exchange Total Return Index 46,744.13 -399.66 -0.85% 14:32:14

PanamaIndex Name Value Change % Change Time
Bolsa de Valores de Panama General Index 392.77 -0.08 -0.02% 06/20/2012

Peru
Index Name Value Change % Change Time
Bolsa de Valores de Lima General Sector Index 20,491.75 -220.66 -1.07% 14:34:48
Bolsa de Valores de Lima Selective Sector Index 29,803.99 -308.12 -1.02% 14:34:48

VenezuelaIndex Name Value Change % Change Time
Caracas Stock Exchange Stock Market Index 251,479.50 -1,344.50 -0.53% 13:29:48

Browse all companies & indexes

[admin]

Los commodities continuan su caida.

El petroleo ha caido cerca del 30% y el cobre 15% desde Marzo.

Hoy dia el petroleo 4% a la baja, oro 3.1%,, cobre 2.6%, Algodon 6%

Sentimiento negativo. Aunque el panorama parece mejorar en el segundo semestre.

Commodities Slide as Growth Concerns Mount

By SARAH KENT And FRANCESCA FREEMAN
Commodities prices continued to slide Thursday, sending an alarming signal about the health of the global economy following a week of disheartening news from China, the U.S. and Europe.

Oil breached fresh lows, with Brent sliding to its weakest in 18 months and Nymex hitting its lowest since October last year. Copper prices also fell.

Commodities like copper and crude oil are often seen as a barometer for industrial activity and, as such, the strength of the world economy. The steep price drops in both over the past few months, with oil down around 30% and copper off 15% since March, are sending a worrying signal about the depth of the global economic problems.

"Commodity prices have eased and copper, which we use as a leading indicator for the entire commodity sector, has reversed, suggesting a reduction in risk exposure," said Morgan Stanley in a note.

Prices of commodities across the board took another hit Thursday, after the U.S. Federal Reserve disappointed investors by not announcing more aggressive stimulus measures.

Further weighing on sentiment, a preliminary gauge of China's manufacturing activity showed more weakness in June and appeared to build a case for fresh stimulus measures to spur growth in the world's second biggest economy. The HSBC initial measure of manufacturing also pointed to weakness ahead as its barometer of new manufacturing orders, particularly export orders, showed further weakening.

In Europe, business activity in the euro zone contracted for the fifth straight month in June, increasing the likelihood that the European Central Bank will cut its key interest rate in an effort to stimulate growth when its governing council meets in two weeks.

The preliminary composite purchasing managers' index for the currency area was unchanged at 46.0, the lowest level since June 2009. A reading below 50 means activity is contracting month to month.

"Metal markets are dominated by macroeconomic developments. The global economy is cooling down and conditions in metal markets are deteriorating," said Casper Burgering of ABN Amro in a report, adding that macroeconomic uncertainties, in particular concerning the euro zone, will continue to weigh on prices in the near term.

In recent trade, oil futures for light sweet crude on the New York Mercantile Exchange were at $78.19, down 4%, or $3.21, piercing the $80-a-barrel level. Brent oil futures in London dropped $3.33 to $89.22—below $90 for the first time intraday since December 2011.

Among precious metals, gold futures slumped $50.30, or 3.1%, to settle at $1,565.50 an ounce. Silver futures tumbled $1.55, or 5.5%, to end at $26.839 a troy ounce, the lowest settlement price since Jan. 25, 2011.

Copper futures dropped 8.95 cents, or 2.6%, to end at $3.298 a pound.

Cotton futures sank 6% to 78.17 cents a pound, the second straight day of steep declines.

Some analysts suggest that the fall in prices might not accurately reflect the global economic situation, with the fundamentals for base metals and oil looking brighter in the second half of the year.

"It's all sentiment," said David Wech, head of research at JBC Energy. "This is reflecting the concerns about the global economy not necessarily the global economy itself."

[admin]

Proxima parada del oro 1,445

Au down 1,567

Cafe al alza.

-214.90