Miercoles 18/08/10

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Eventos economicos

Miercoles

Solicitudes de hipotecas
Reporte del petroleo

MBA Purchase Applications
7:00 AM ET


EIA Petroleum Status Report
10:30 AM ET

[admin]

Los metales fuertes

Copper August 17,22:26
Bid/Ask 3.3412 - 3.3457
Change +0.0023 +0.07%
Low/High 3.3298 - 3.3502
Charts

Nickel August 17,22:26
Bid/Ask 9.9768 - 10.0221
Change +0.0454 +0.46%
Low/High 9.9178 - 10.0312
Charts

Aluminum August 17,22:08
Bid/Ask 0.9476 - 0.9522
Change +0.0023 +0.24%
Low/High 0.9454 - 0.9544
Charts

Zinc August 17,22:20
Bid/Ask 0.9541 - 0.9586
Change +0.0014 +0.14%
Low/High 0.9450 - 0.9609
Charts

Lead August 17,22:14
Bid/Ask 0.9587 - 0.9633
Change +0.0032 +0.33%
Low/High 0.9542 - 0.9633

[admin]

El ID para la clase es 484-930-449

[admin]

Australia +0.09%, el Shanghai C. +0.14%, el Hang Seng +0.41%, el Nikkie +0.41%

Euro 1.2949, yen up 85.36

Los futures del Dow Jones 17 puntos al alza.

[admin]

Korea +0.36%

[admin]

Reportan Target, Deere , Limited Earnings



On Deck Wednesday: Target, Deere, Limited Earnings

By Matt Phillips
Earnings: We’re getting down to the last reports likely to raise this sleepy market’s eyebrows.

NetApp — Consensus calls for EPS of 46 cents on $1.13 billion in revenue.
Limited Brands — Consensus calls for 34 cents of EPS on $2.20 billion in revenue
Target Corp. – Consensus calls for 92 cents in EPS on $15.62 billion in revenue.
Applied Materials — Consensus calls for 25 cents in EPS on $2.38 billion in revenue.
Deere & Co. — Consensus calls for $1.24 in EPS on $6.52 billion in revenue.
Economics: Nothing much of note besides weekly mortgage applications data and the government’s weekly report on crude oil stockpiles

[sebastian]

Recien puedo leer el foro; muchasimas gracias por la informacion de rimm

[admin]

La inflacion amenaza al Peru debido a la escasez del trigo, se ve al CPI cerca al 3%

La inflacion podria llegar al 3%

Peru Inflation Threatened by Wheat Shortage as Velarde Sees CPI Nearing 3%
By Fabiola Moura and John Quigley - Aug 17, 2010 11:29 AM ET

Peru's annual inflation rate may rise to about 3 percent this year, the upper end of the central bank's target, as a supply shortage pushes up the price of wheat, central bank Governor Julio Velarde said.
Peru’s annual inflation rate may rise to about 3 percent this year, the upper end of the central bank’s target, as a supply shortage pushes up the price of wheat, central bank Governor Julio Velarde said.

“We are concerned about inflation going up, and we are concerned about the increase in soft commodities, particularly wheat,” Velarde, 58, said yesterday during an interview at Bloomberg headquarters in New York. “If these pressures coming from grains are confirmed, we will be closer” to 3 percent inflation, he said.

Peruvian inflation accelerated to an annual 1.8 percent rate in July, the fastest in almost a year, as consumer demand rose amid a quickening economic expansion in the Andean country. Food costs may rise, Velarde said, after wheat surged to a 23- month high on Aug. 6 following Russia’s announcement it would ban grain exports and cut its production estimate by as much as 38 percent because of a drought.

Peru will likely be the Latin American country most hurt by a “wheat supply shock as the country imports most of its wheat, exporting very little,” Bank of America Merrill Lynch analysts wrote in a report to clients dated Aug. 13. Peru inflation will end the year at about 2.7 percent, within the central bank’s target range of 1 percent to 3 percent, according to BofA.

Food Prices

Food prices can explain about 70 percent of inflation in the region, said BNP Paribas SA in a note dated Aug. 13. Policy makers in Peru and Chile are “the most likely to respond more decisively to an upward inflation shock” in food prices, the bank said.

Peru’s sol gained 0.1 percent to 2.7995 per U.S. dollar at 11:13 a.m. New York time, from 2.8025 yesterday.

Velarde said he expects inflation to be “pretty well- subdued” in August, giving the central bank more time to consider its next rate move. He said he hasn’t seen a deflationary effect in Peru from the slowdown in the global economic expansion.

Policy makers have increased the benchmark rate four times since May, to 2.5 percent, as the $127 billion economy posted a faster-than-expected rebound.

“If according to our expectations, inflation is rather low in August, that would give us more time to think about the speed and magnitude of removal of the stimulus,” said Velarde, who took over as Peru’s central bank governor in October 2006. “Monetary stimulus has to be removed and the pace and timing will depend on the data we receive.”

At a speech in New York today, Velarde said economic growth has been “spectacular” in Peru in the past several months and policy makers are concerned businesses “may be thinking this will continue eternally.”

GDP Forecast

The economy expanded 11.9 percent in June, the fastest pace in 21 months and more than a full percentage point above the median estimate of 10 analysts surveyed by Bloomberg. Manufacturing expanded 21.6 percent in June from a year earlier while fishing rose 9.5 percent and mining increased 7.9 percent after declines in May and April. Construction rose 22.7 percent.

Peru’s gross domestic product grew 0.9 percent last year, the slowest pace since a 0.2 percent expansion in 2001.

The central bank will likely increase its growth forecast in two weeks, Velarde said today. The 2010 GDP forecast is 6.6 percent.

As the economy recovers, the government has begun to limit spending on services and public projects in a bid to prevent overheating that may spur inflation.

Policy makers also increased banks’ deposit requirements for local and foreign currency for a third straight month on Aug. 8, saying they were seeking to slow the sol’s appreciation while also curbing inflation.

Capital Inflows

Peru’s central bank doesn’t have a target level for the sol and is instead seeking to smooth out exchange-rate swings, Velarde said.

“We are not so afraid of appreciation -- we are afraid of the rebound,” Velarde said. Policy makers want to discourage short-term capital flows from entering the country to avoid excessive swings in the currency, he said.

Peru’s sol has strengthened 3.2 percent this year, the eighth best performance among 26 emerging market currencies tracked by Bloomberg.

The yield on Peru’s benchmark 8.6 percent sol-denominated bond due August 2017 declined one basis point, or 0.01 percentage point, to 5.14 percent, according to Citigroup Inc.’s local unit.

To contact the reporters on this story: Fabiola

[admin]

El Hang Seng, el Shanghai C. y Australia a la baja en 0.2%

Los futures del Dow Jones 17 puntos al alza.

[RISTA]

Mercados en Asia terminarón mixtos:

Shangai bajó 0.21%

Hang Seng bajó 0.54%

Nikkei subió 0.86%

Mercados Europeos tendencia a la baja

Futuro DJI baja 2 puntos

Eurodólar baja a 1.28755

Cobre baja US$/lb 3.3285

Zinc baja US$/lb 0.9522

Oro baja a 1,223.90 dólares

Petróleo baja a US$ 75.15

[admin]

Los futures del Dow Jones 27 puntos al alza.

Oil dow 75.12, Au down 1,227 per subiendo

Euro up 1.2911

Libor igual 0.35%

Europa mixta, el Asia cerro mixta.

[admin]

Yields 2.60%

[admin]

Las utilidades de Deere suben 47%, las de Target 14%

BHP Billiton sigue con la intencion de comprar a la fuerza a Potash con un precio de $130 a share in cash y esta vez se ira directamente a los stockholders. Potash siguio subiendo con la noticia hoy dia 2.6%

[admin]

Los metales mixtos.

Copper August 18,08:49
Bid/Ask 3.3378 - 3.3423
Change -0.0011 -0.03%
Low/High 3.3162 - 3.3525
Charts

Nickel August 18,08:47
Bid/Ask 9.8997 - 9.9450
Change -0.0318 -0.32%
Low/High 9.8271 - 10.0834
Charts

Aluminum August 18,08:47
Bid/Ask 0.9404 - 0.9449
Change -0.0050 -0.53%
Low/High 0.9363 - 0.9544
Charts

Zinc August 18,08:49
Bid/Ask 0.9547 - 0.9593
Change +0.0020 +0.21%
Low/High 0.9450 - 0.9677
Charts

Lead August 18,08:50
Bid/Ask 0.9559 - 0.9605
Change +0.0004 +0.04%
Low/High 0.9451 - 0.9678

[admin]

Los futures del Dow Jone siguen mejorando ahora 32 puntos al alza.

No espero un dia muy volatil tanto a la baja como al alza. Debe ser neutro debido a la ausencia de indicadores economicos.

Lo de BHP Billiton parece que ayudara a animar a los compradores por segundo dia, las companias de fertilizantes se han beneficiado con la noticia todas estuvieron al alza ayer.

Ojo con los commodities que empezaron a la baja pero podrian mejorar durante el dia si el Dow Jones se mantiene al alza. Se estan moviendo juntos ultimamente.

Au up 1,227.20

+31

Oil down 75.04 y esta bajando mas.