Viernes 10/08/12 Precios de los importadores y exportadores

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7:47 a.m. EDT 08/10/12Treasurys
    Price Chg Yield %
2-Year Note   1/32 0.264
10-Year Note   14/32 1.645
* at close
7:38 a.m. EDT 08/10/12Futures
  Last Change Settle
Crude Oil 91.95 -1.41 93.36
Gold 1611.7 -8.5 1620.2
E-mini Dow 13085 -53 13138
E-mini S&P 500 1394.50 -6.00 1400.50
7:48 a.m. EDT 08/10/12Currencies
  Last (mid) Prior Day †
Japanese Yen (USD/JPY) 78.42 78.57
Euro (EUR/USD) 1.2269 1.2306
† Late New York trading.

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Copper August 10,07:39
Bid/Ask 3.3599 - 3.3610
Change -0.0479 -1.40%
Low/High 3.3599 - 3.4111
Charts

Nickel August 10,07:39
Bid/Ask 6.9069 - 6.9096
Change -0.0730 -1.05%
Low/High 6.9037 - 7.0212
Charts

Aluminum August 10,07:38
Bid/Ask 0.8307 - 0.8308
Change -0.0073 -0.87%
Low/High 0.8301 - 0.8409
Charts

Zinc August 10,07:37
Bid/Ask 0.8271 - 0.8274
Change -0.0075 -0.90%
Low/High 0.8261 - 0.8378
Charts

Lead August 10,07:39
Bid/Ask 0.8568 - 0.8573
Change -0.0090 -1.03%
Low/High 0.8566 - 0.8662
Charts

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Europe, Africa, Middle East
EURO STOXX 50 PRICE EUR 2,418.29 -18.75
(-0.77%) 07:36
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(-0.31%) 07:37
CAC 40 INDEX 3,427.03 -29.68
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All Europe, Africa, Middle East Indexes
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Datos económicos China apuntan a necesidad de acción
viernes 10 de agosto de 2012 06:49 GYT Imprimir [-] Texto [+]
Por Nick Edwards y Xiaoyi Shao

PEKIN (Reuters) - Datos chinos asestaron golpes frescos a los diseñadores de políticos el viernes, con el comercio y los nuevos préstamos bancarios sugiriendo que las políticas pro-crecimiento han sido lentas en ganar impulso y que una acción más urgente podría ser necesaria para estabilizar la economía.

Las cifras del viernes mostraron que las exportaciones de julio subieron un 1 por ciento desde un año atrás y que los nuevos préstamos se encontraban en un mínimo de 10 meses, sumándose a los datos del jueves que revelaron un aumento en la producción fabril en su ritmo más lento en tres años.

Los primeros datos duros del tercer trimestre han llevado a algunos analistas a cuestionar la fuerza de lo que se esperaba fuera el inicio de un rebote superficial en la economía luego de que el crecimiento retrocedió durante seis trimestres consecutivos.

"Creemos que el banco central debería avanzar tan rápido como sea posible para estabilizar la economía. Espero que haya al menos un recorte adicional en la proporción de reservas bancarias y en las tasas de interés este trimestre", dijo Xiao Bo, economista de Huarong Securities en Pekín, a Reuters.

Algunos economistas dicen que el banco central podría moverse tan pronto como este fin de semana para flexibilizar la política.

Este ha reducido la proporción de reservas requeridas de los bancos en tres pasos desde noviembre para liberar un estimado de 1,2 billones de yuanes (190.000 millones de dólares) para nuevos préstamos y recortado las tasas de interés en junio y julio.

El nuevo préstamo neto de los bancos en julio fue de sólo 540.000 millones de yuanes en comparación con las expectativas de 690.000 millones de yuanes, lo que representa una causa potencial de preocupación.

Los préstamos bancarios son el principal mecanismo de creación de crédito en la economía, que está sólo en las primeras etapas de la reforma de los mercados de capitales para impulsar las fuentes disponibles de financiamiento corporativo.

La baja cifra se suma al temor por la demanda vacilante en los dos mayores clientes extranjeros de China -la Unión Europea y Estados Unidos- que llevó a los economistas a fijar su pronóstico promedio para el crecimiento anual de las exportaciones a un mínimo en tres meses de un 8,6 por ciento en un sondeo de Reuters la semana pasada.

Excluyendo un descenso de las exportaciones en enero, el aumento de un 1 por ciento en julio es el más débil desde noviembre del 2009 y marca un gran retroceso desde un crecimiento anual en junio de más del 11 por ciento, mostraron datos de Reuters.

Los envíos a la Unión Europea disminuyeron más de un 16 por ciento.

Las importaciones de julio subieron un 4,7 por ciento respecto al año anterior, su ritmo más débil desde abril, y también muy por debajo de las expectativas de un aumento del 7,2 por ciento.

Antes de los datos, el viceministro de Comercio de China, Gao Hucheng, dijo a los periodistas que sería un desafío para China cumplir con su objetivo de crecimiento comercial de un 10 por ciento en la segunda mitad del año. El ministro de Comercio, Chen Deming, dijo en junio que China "tendría suerte" si alcanza ese objetivo.

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Au down 1,610.36

Futures cu down 3.36

Los futures del Doe Jones 48 putnos a la baja

Euiropa a la baja

El Asia cerro en rojo excepto por Korea.

Yields down 1.64%, tocaron 1.70% ayer.

VIX down 15.74

Oil down 92

Brent down 111

Ag down 27.84

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El comercio exterior afecta al Asia

La desaceleracion del comercio exterior no muestran seniales de mejoria y podria empeorar,

Las exportaciones Chinas subieron solamnete 1% con respecto al anio pasado en Julio, las importaciones tambien anemicas crecieron solamente 4.7%, otra senial de que China no esta comprando a otras naciones.

Las importaciones de los demas paises del Asia cayo 0.6%, hubo desaceleracion en los dos meses anteriores tambien.

La mayor caida proviene de la desaparicion de la demanda de los paises desarrollados. Las exportaciones al Reino Unido cayeron 16%, a Japon -1%, a US +0.6% y esto principalmente por el precio de los commodities.

Las exportaciones de Taiwan cayeron 12% en Julio, las de Korea cayeron 8.6%

Trade Slowdown Squeezes Asia

By ALEX FRANGOS
HONG KONG—The Asian trade slowdown shows no signs of abating and could be getting worse, signaling another leg down for already fragile growth in the region.

China's July trade figures, out Friday, showed exports at a near standstill, up just 1% from a year earlier. Import growth was also anemic, at 4.7%, a signal that China's slowdown is rippling through to its buying from other nations.

Asia's trade slowdown shows no signs of abating and could be getting worse, signaling another leg down for already fragile growth in the region. The WSJ's Alex Frangos has the details.
.China's imports from members of the Association of Southeast Asian Nations were actually down, off 0.6% in July from a year earlier. Growth had slowed in the two previous months. Trade between Southeast Asia and China often involves component parts that are assembled into finished goods that China then sends to the U.S., Japan and the European Union.

"The slowdown under way in China is already rippling across Asia, having a particularly large impact on commodity exporters and countries that export into China's supply chains," said Alistair Thornton, China economist at IHS Global Insight.

Much of China's trade weakness can be attributed to disappearing demand in the developed world. Compared with a year earlier, China's exports to the EU in July were down 16% and its exports to Japan down 1%. Its exports to the U.S. were almost flat, up just 0.6%. Price declines for such commodities as oil, copper and coal were a factor, as trade is measured by value rather than volume.

Financial markets reacted negatively to the disappointing trade data. The Australian dollar and Malaysian ringgit, currencies seen as proxies for China growth, fell. Hong Kong's Hang Seng Index was down 0.9% in afternoon trading.

Related Article
Heard on the Street: Made in China Gets Expensive
China Trade Surplus Narrows
.Compared with the 2008-09 financial meltdown, when trade plummeted, the current falloff has been mild. But its impact on growth is noticeable in places such as Singapore, Hong Kong and Taiwan. Singapore reported revised second-quarter GDP figures Friday showing the trading hub's economy shrank 0.7% in the second quarter on an annualized, seasonally adjusted basis.

Some think trade could perk back up as Chinese government stimulus kicks in and if Europe salves its financial wounds and the U.S.'s latest rough patch turns out to be a blip.

So far, evidence of a turnaround is elusive.

"Given the importance of exports in some economies, it is quite worrisome," says Gareth Leather, economist for Asia at Capital Economics.

As China, Japan and India, the continent's top economies, struggle to varying degrees, their pain is transmitted to their trading partners. Japan, an important importer of everything from commodities to cashmere sweaters, bought just 5% more from the rest of Asia in the first half of 2012 than in the year-earlier period, a major shift from the double digit growth of recent years. As spending on recovery from last year's earthquake tails off, Japan imports could further decline.

Enlarge Image

CloseReuters

A crane lifts a container at a port in Wuhan; China's import and export growth slowed sharply in July.
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"There's a growing body of evidence that Japan's economic recovery has not just paused, but has started to unravel," Capital Economics economist David Rea wrote in a research note.

Companies exposed to the drop in construction in China and India are feeling it through lower raw-material prices. That's hurting corporate profits and investment as Australian and Indonesian coal miners cut back.

"The fall in coal prices will also make our targets this year unachievable," said Jenny Quantero, spokeswoman for listed Indonesia coal miner PT Bayan Resources BYAN.JK -0.87%. "For sure, they will affect our revenue and net profit but we don't yet how big the impact will be."

South Korea and Taiwan, often seen as canaries in the coal mine for trade—because of their heavy exposure to both the West and China and their position at the beginning of supply chains for electronics—are seeing the sharpest drops in trade.

Taiwan this reported its exports in July were down 12% from a year earlier, as shipments of computers and mobile phones slumped. South Korean exports were down 8.8% to $44.6 billion, the largest percentage fall in nearly three years and a significant hit to an economy where exports count for half of the gross domestic product.

The Bank of Korea kept interest rates steady Thursday after a surprise cut last month, but noted increased risks as both developed and emerging markets are hurting. Government officials are mulling stimulus measures to make up for the economic hole created by the drop in trade.

"With recent industrial output and trade data showing a slowdown, crisis management should be more stressed than ever," Finance Minister Bahk Jae-wan told an economic policy meeting with relevant government agencies Wednesday.

In Japan, Komatsu Ltd., 6301.TO -1.29%which has prospered on China's rise in recent years, said construction-equipment sales in China were down by about half in the quarter ending in June. The company, which also makes mining equipment and industrial machinery, said sluggishness in the Chinese economy was worse than it previously thought.

The Philippines reported Friday its June exports were up a weak 4.2% as demand for electronic components dried up.

Mitsubishi Mirages leaving Thailand for Japan, whose first-half 2012 imports from the rest of Asia were up just 5% from a year earlier.
."The current economic conditions has stifled the recovery of our business," said Ernesto Santiago, president of the Semiconductor and Electronics Industry of the Philippines. Based on weakness in Europe, the group recently slashed its forecast of 2012 export growth to between 5% and 6% from the previous 10% to 15%.

In Malaysia, a manufacturing hub in the middle of supply chains for technology and industrial items, imports were up just 3.4% in June, a sign companies are bringing in fewer components that will go into assembling finished goods later on.

"It's worrisome because it means the production chain in Asia is interrupted somewhere," Luca Silipo, economist for French investment bank Natixis in Hong Kong. "When one country slows down, it means sooner rather than later, the other countries will too."

Mr. Silipo worries the current slowdown isn't cyclical but reflects long-term headwinds to trade. He cites increased protectionism, as shown in complaints filed with the World Trade Organization. Higher capital requirements for banks are making trade finance more expensive, he says. And the world's largest importer, the U.S., is benefiting from a competitive advantage in energy costs thanks to cheap shale gas that is leading to more homegrown production of things like steel and cars.

"If the U.S. produces something it used to import," Mr. Silipo says, "then the trade flows start changing."

—Linda Silaen in Jakarta, Kenneth Maxwell in Tokyo, Natasha Brereton-Fukui in Singapore, Josephine Cuneta in Manila and Kwanwoo Jun in Seoul contributed to this article.
Write to Alex Frangos at alex.frangos@wsj.com

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Muy malas las noticias del Asia. Afectando a todo el mundo.

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Euro down 1.2264

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JCP reporto perdidas mayores a las esperadas.

Se especula que el gobierno aplicara estimulos en Brasil para ayudar al crecimiento de la economia.

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Yen up 78.31

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Los precios de los importadores 0.6%

Espana -0.89%

Oil down 91.92

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Los precios de los exportadores suben 0.5%

Los precios de los importadores habian bajado 2.4% en Julio.

-46

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OIl down 91.78

Au down 1,609

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ESpana -1.32%

-54

La produccion de soy bean 12% a la baja debido a las sequias, la de maiz -13%

Au down 1,611

Francia -1.17%