Jueves 19/07/12 Indicadores lideres, ventas casas existentes

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+17.10

JPC +7.15%

Yields bajando a 1.49%

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Euro down 1.2248

+17.56

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Mas despidos por parte de la banca Americana

Son miles de empleos que se han recortado y se seguiran recortando .


Big Banks Prepare Another Round of Cuts
Six Largest U.S. Firms Have Shed Over 18,000 Jobs In the Past Year

By DAN FITZPATRICK and SUZANNE KAPNER
Global financial companies are preparing to chop thousands of banking and trading jobs, signaling their latest retreat in the face of nervous markets, uneven economic growth, tougher regulations and slumping stock prices.

Bank of America Corp. BAC -0.20%and Credit Suisse Group AG CSGN.VX -2.85%announced plans Wednesday for new cost cuts following hefty belt-tightening at both institutions last year. Citigroup Inc. C -0.16%is on pace to cut an added 2% of securities and banking jobs this year, or about 350 people, after announcing 900 job cuts at the unit last year, said people familiar with the situation. Goldman Sachs Group Inc. GS -0.77%said this week that it aims to save $500 million this year on top of $1.4 billion of reductions since last spring, in large part by keeping younger, cheaper workers at the expense of older, costlier ones.

Close.The search for savings underscores the enduring weakness of the banking industry four years after the financial crisis. Recent profits have been bolstered by the release of cash that was set aside to cover bad loans. Revenue, a measure of how much money is coming in the door, has been soft while lending, a measure of a bank's capacity to generate future profit, remains limp.

As of June 30, the six largest U.S. financial firms by assets had cut over 18,000 jobs in the past year, or 1.6% of the total, according to an analysis by The Wall Street Journal. Bank of America, Citigroup, Wells Fargo & Co., Goldman Sachs and Morgan Stanley MS -4.93%together have cut over 30,000 positions since June 2011. Only J.P. Morgan Chase JPM -0.13%& Co. expanded its workforce in the past year, adding 12,787 jobs due in part to efforts to clean up its troubled mortgage operations.

More cuts are coming. Credit Suisse raised its cost-cutting target by 50% to 3 billion Swiss francs ($3.06 billion) by the end of next year. Switzerland's second-largest bank announced the move and a new round of capital-raising in response to pressure from regulators at the Swiss National Bank. The bank said it expects the latest cuts to focus on private banking and investment banking.

But banks are loath to cut too deep, fearing they could cede ground to rivals in highly competitive businesses such as investment banking. Goldman Chief Financial Officer David Viniar said Tuesday that the New York firm would cut more experienced employees and replace them with more junior workers and "campus hiring." Bank of America is pooling junior investment-banking employees across different sectors so they can be routed to whatever area is most in demand at that moment, said people close to the bank.

"People are desperate to try and get their expenses under control," said Michael Madden, managing partner at private-equity firm BlackEagle Partners LLC and former head of investment banking at Lehman Brothers Holdings Inc., but "unweaving that fabric is a very delicate and tricky thing to do."

The cutbacks at many giant institutions belie the relative stability elsewhere in the U.S. banking industry. In the year ended March 31, total U.S. bank employment grew by 7,516 positions, or 0.4%, to 2.1 million jobs, even as the number of federally insured banks and thrifts dropped by 267 to 7,307, says the Federal Deposit Insurance Corp.

No big bank has done more to slim down than Bank of America, based in Charlotte, N.C. Chief Executive Brian Moynihan is focused on reducing risk and scaling back its reach. Under Mr. Moynihan, who took over as CEO in 2010, the bank has sold more than $50 billion in assets, reducing that figure by some 2%. As a result, Bank of America lost its title as the nation's largest bank by assets to J.P. Morgan and relinquished its top spot in the mortgage business to Wells Fargo.

Bank of America has cut over 12,000 positions in the last year, leaving it with a workforce of 275,460 as of June 30. That is the fewest since 2008, when the bank had 243,000 employees.

Related Reading
Deutsche Bank to Cut Investment-Bank Jobs
Credit Suisse Reverses Course on Capital
.A new round of cuts announced Wednesday would cut costs by $3 billion annually in its investment-banking, commercial-banking and wealth-management units by 2015. That is 3.7% of the bank's 2011 noninterest expense of $80.27 billion.

The bank didn't disclose a specific target for job cuts, but they are expected to be in the thousands, said people close to the company. Bank of America previously set plans to cut costs by $5 billion in its retail banking unit, or a total of 30,000 reductions over three years.

Wells Fargo Chairman and Chief Executive John Stumpf said Friday that the fourth-largest U.S. bank—and by many measures the industry's best performer recently—would miss a target of reducing quarterly noninterest expense to $11.25 billion in the fourth quarter. That figure was $12.5 billion in the fourth quarter of 2011.

Wells Fargo's costs, he said, "are still too high…given the operating environment."

At Citigroup, 2,000 jobs have been shed so far this year after the third-largest U.S. bank said in January that it would eliminate 5,000 positions over the next few quarters. The reduction helped Citigroup to lower second-quarter compensation costs by 8% from a year ago to $6.13 billion.

The securities and banking division, which employs about 17,000 people world-wide, already started letting some bankers, traders and sales associates go to trim the workforce by another 2% this year, according to people familiar with the situation.

A Citigroup spokeswoman declined to comment on the sales-and-trading cuts but said, "We continue to make targeted headcount reductions in certain businesses as part of our ongoing efforts to control expenses in light of current market conditions."

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Los inventarios de gas natural suben de acuerdo a lo anticipado.

El gas natural en $2.99, debajo de $3

+6.85

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Au up 1,587

+14.27

Euro down 1.2263

VIX up 16.24

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Peru +0.15%

Acciones Ultima cotización (S/.) Var. día (S/.) Var. día (%)
RIO US$ 4.30 US$ 0.07 1.65
TV US$ 0.80 US$ 0.01 1.27
BVN US$ 36.83 US$ 0.21 0.57
SCCO US$ 32.05 US$ 0.05 0.16

Acciones Ultima cotización (S/.) Var. día (S/.) Var. día (%)
CORAREC1 1.77 -0.05 -2.75
ANDAHUC1 0.97 -0.02 -2.02
DNT US$ 0.53 US$ -0.01 -1.85
VOLCABC1 3.00 -0.01 -0.33

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+26.24

El Dow Jones se sacude los malos indicadores de la economia, especialmente la tremenda alza en seguros de desempleo.

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Oil up 91.72 +2.06%

Au up 1,04%

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VIX down 16.08

+26.15

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11:57 a.m. EDT 07/19/12Treasurys
    Price Chg Yield %
2-Year Note   2/32 0.206
10-Year Note   2/32 1.495
* at close
11:48 a.m. EDT 07/19/12Futures
  Last Change Settle
Crude Oil 91.96 2.09 89.87
Gold 1587.0 16.2 1570.8
E-mini Dow 12869 9 12860
E-mini S&P 500 1371.00 3.75 1367.25
11:58 a.m. EDT 07/19/12Currencies
  Last (mid) Prior Day †
Japanese Yen (USD/JPY) 78.60 78.80
Euro (EUR/USD) 1.2261 1.2283
† Late Wednesday in New York.

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12:00 p.m. EDT 07/19/12Major Stock Indexes
  Last Change % Chg
DJIA 12927.32 18.62 0.14
Nasdaq 2966.99 24.39 0.83
S&P 500 1376.57 3.79 0.28
DJ Total Stock Market 14344.96 33.72 0.24
Russell 2000 804.62 -0.44 -0.05
Global Dow 1826.75 14.26 0.79
Japan: Nikkei Average* 8795.55 68.81 0.79
Stoxx Europe 600 261.86 2.93 1.13

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SPANISHJuly 19, 2012, 10:38 a.m. ET
Las acciones de EE.UU. abren con ligeras alzas

Por MATT JARZEMSKY

NUEVA YORK—Las acciones en Estados Unidos subían temprano el jueves tras los avances registrados en la dos sesiones previas, luego que los positivos resultados trimestrales de International Business Machines y Qualcomm impulsaran al alza los títulos del sector de tecnología.

El Promedio Industrial Dow Jones subía 13 puntos, o 0,1%, a 12.921.

El índice bursátil Standard & Poor's 500 avanzaba un punto, o 0,1%, a 1.373. El sector tecnológico del índice subía 1,3%, aventajando por mucho otros sectores del mercado. El índice Compuesto Nasdaq avanzaba 14 puntos, o 0,5%, a 2.957.

Las acciones de IBM subían 3,3% después que la compañía elevara sus perspectivas de ganancias para el año.

El fabricante de chips Qualcomm ascendía 4,3% luego que el fabricante de semiconductores indicara que se encamina a resolver sus problemas de oferta que motivaron a la compañía reducir sus proyecciones de ingresos para el actual trimestre.

EBay se disparaba 9,3% después que la ganancia y los ingresos de la firma de subastas en línea excedieran los pronósticos de analistas.

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SPANISHJuly 19, 2012, 10:16 a.m. ET
España y Francia, en sendas opuestas en sus subastas de bonos

Por EMESE BARTHA

FRÁNCFORT (EFE Dow Jones)—La brecha entre héroes y villanos en el drama del mercado de deuda pública de la zona euro se hizo más obvia el jueves después de que España se viera obligada a pagar unos costos de financiación pronunciadamente más altos en una subasta de bonos a corto plazo, mientras la rentabilidad de la deuda de Francia caía.

Los más altos intereses pagados por el Tesoro español y la poco entusiasta demanda de los inversionistas reflejan las crecientes preocupaciones sobre la ejecución de su rescate bancario y la situación financiera de sus comunidades autónomas.

Francia, considerada como una apuesta relativamente segura dentro de la zona euro, registró una sólida demanda, y la rentabilidad de su deuda a cinco años se situó en mínimos históricos ya que los inversionistas querían evitar las rentabilidades negativas de la deuda de Alemania, Austria y Finlandia y también los pequeños tipos de los depósitos de la zona euro, cuya referencia fue recortada por el Banco Central Europeo el 5 de julio.

"La demanda de deuda española se está derrumbando, incluso la de la deuda a corto plazo, lo que es muy preocupante y aumenta el fantasma de que España está perdiendo acceso a los mercados", dijo Nicholas Spiro, director gerente de Spiro Sovereign Strategy.

El Tesoro español vendió 2.981 millones de euros, o US$3.658 millones, en bonos a octubre de 2014 con cupón de 3,30%, bonos a julio de 2017 con cupón de 5,50% y deuda pública a octubre de 2019 con cupón de 4,30%. La oferta, que tenía como objetivo captar entre 2.000 millones de euros y 3.000 millones de euros, atrajo una demanda total de 6.410 millones de euros, menor que las anteriores subastas.

La rentabilidad media del bono a 2014 aumentó a 5,204% desde 4,335% registrado en la anterior subasta del 7 de junio. En el bono a julio de 2017, la rentabilidad subió a 6,459% frente a 6,072% de la anterior subasta celebrada el 21 de junio. La rentabilidad media de la deuda pública a octubre de 2019 se movió al alza hasta 6,701% desde 4,832% de la anterior subasta del 16 de febrero.

Se espera que España rubrique el viernes los términos financieros del acuerdo de rescate bancario de 100.000 millones de euros. Pero los inversionistas continúan preocupados por la posibilidad de que el país se vea obligado, dentro de poco, a pedir un rescate para sí mismo.

En la subasta de Francia, la Agencia Nacional del Tesoro vendió un total de 8.958 millones de euros en bonos con vencimiento en 2015, 2016 y 2017, llegando a la parte superior de su rango objetivo. La nueva serie de deuda a cinco años representó la mayor parte de la colocación, tal y como se esperaba, al asignar 4.500 millones de euros.

La rentabilidad media de la nueva línea a cinco años fue de 0,86%, un mínimo histórico en este segmento en Francia. Mientras que el resto de series no tienen comparaciones directas.

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+61

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Los indicadores economicos casi garantizan que el Fed actuara. Por eso el mercado sube.