bund & c.: la partenza a razzo. Seduti? Pronti? Viaaaaaa
- Creatore Discussione maria
- Data di Inizio
Fleursdumal
फूल की बुराई
ora il marzo prezza 111,625
gli ultimi payrolls c'è da dire son stati molto mosci
gli ultimi payrolls c'è da dire son stati molto mosci
Fleursdumal
फूल की बुराई
f4f ha scritto:non riessco a fare il conteggio con precisioneFleursdumal ha scritto:
ma diciamo ciriiirca che se cresce di 0.5 i Tbond
passa da 0.16 a .24
ergo 80dollarsciiiiirca però
sì più o meno tanto cè, ovviamente se i payrolls fanno schifo e il malefico fa un balzo di due figure , la reattività della call aumenta e di molto
facciamo un pò di sunto intermarket
azionari euforici, bund tonico, bonds us apatici al limite della rassegnazione,
sui cambi vs $ perde solo l'euro,carni e metalli alle stelle e commodities comunque quasi tutte in verde
gastronomo
Forumer storico
Scusatemi, tornato ora, è arrivata mia moglie che non vedevo da qualche giorno - questo è stato l'anno della bolla di liquidità, certo, se i dati di domani vengono forti viene giù tutto, ma personalmente continuo a pensare che possa ancora esserci buona liquidità in giro. In genere sul fine anno i bonds comunque stanno sempre benino, quindi...ci aggiorniamo domani per una call...inoltre oggi US soffre contro europa perchè, immagino, avranno fatto qualche switch dopo le parole di Trichet - del resto, più su del 2.50% non andranno - corro a preparare la pappa 
A domani ragassuoli 
A domani ragassuoli
Fleursdumal
फूल की बुराई
vai ad adempiere i tuoi doveri coniugali ciao caro 
gastronomo
Forumer storico
RPT-GLOBAL MARKETS-US stocks, dollar, oil, gold jump, bonds slip
Thu Dec 1, 2005 07:22 PM ET
(Repeats to fix typo)
By Carol Bishopric
NEW YORK, Dec.1 (Reuters) - The three major U.S. stock indexes climbed on Thursday, with their biggest single-day gains in a month, while the dollar rallied, oil jumped more than $1 a barrel and gold popped above $500 an ounce to its highest level in nearly 23 years.
But U.S. Treasury bond prices fell on concerns that strength in U.S. manufacturing data would give the Fed another reason to keep raising interest rates.
Some tame inflation data relieved stock investors' worries about further rate hikes and prompted them to buy blue-chip names like Boeing Co. (BA.N: Quote, Profile, Research) and McDonald's Corp. (MCD.N: Quote, Profile, Research)
The Dow Jones industrial average jumped 106.70 points, or 0.99 percent, to close at 10,912.57, taking aim at the psychologically important 11,000 level.
The Standard & Poor's 500 Index rose 15.19 points, or 1.22 percent, to finish at 1,264.67.
The Nasdaq Composite Index shot up 34.35 points, or 1.54 percent, to end at 2,267.17 -- a fresh 4-1/2-year high.
The economic data heartened investors by "offering signs that inflation pressures are moderating at the same time that real growth is remaining strong," said Jeffrey Kleintop, chief investment strategist at PNC Corporate Bank.
An inflation index closely watched by the Federal Reserve -- the core personal consumption expenditure price index -- rose just 0.1 percent -- half the gain Wall Street expected.
"If you look at the last three months, these PCE figures signal that inflation is maybe losing some momentum and calls for just a few more Fed rate hikes in the near term," said Tim Mazanec, director and senior currency strategist at Investors Bank & Trust in Boston.
The Fed has raised rates 12 consecutive times since June 2004, pushing its benchmark fed funds rate for overnight bank loans up to 4 percent from a historic low of 1 percent, in a bid to head off price pressures.
Meanwhile on Thursday afternoon, the White House projected the U.S. economy would grow at a healthy rate of 3.4 percent amid tame inflation in 2006.
The rise in the price of crude oil lifted energy shares like Exxon Mobil Corp. (XOM.N: Quote, Profile, Research) , which contributed the most to the S&P 500's gain. Exxon rose 2.3 percent, or $1.32, to $59.35 on the New York Stock Exchange.
On the New York Mercantile Exchange, U.S. crude oil for January delivery rose $1.15 to settle at $58.47 a barrel.
Intel Corp. (INTC.O: Quote, Profile, Research) , the world biggest chip maker, advanced nearly 2 percent, or 50 cents, to $27.18 on the Nasdaq on expectations it would raise its forecast of revenue and profit, and propelled other semiconductor shares higher.
Shares of General Motors Corp. (GM.N: Quote, Profile, Research) jumped 3.2 percent to $22.61 after the world's largest automaker forecast first-quarter vehicle production would rise 6 percent above year-ago output. [ID:nN01178461]
In overseas stock trading, the FTSEurofirst 300 index of pan-European blue chips rose 1.6 percent to 1,256.37, setting a new 3-1/2 year peak. Thursday's gain was the index's biggest one day point gain since Oct. 31.
Japan's Nikkei average rose 1.74 percent to close above 15,000 on Thursday for the first time in five years. The Nikkei finished Thursday's session up 258.35 points at 15,130.50, its highest close since Dec. 13, 2000.
TREASURY BOND PRICES FALL
U.S. Treasury debt prices slipped after the Institute for Supply Management's November factory survey showed strength, although it was slightly softer than October's reading. The ISM report showed a sharp retreat in prices paid, albeit from a high level in October.
The ISM figures were enough to shift momentum in favor of bond bears, especially coupled with Wednesday's data showing the strongest U.S. gross domestic product growth since early 2004.
The 10-year U.S. Treasury note (US10YT=RR: Quote, Profile, Research) fell 7/32 to 99-28/32, while its yield rose to 4.52 percent, near the highest in two weeks, from Wednesday's 4.49 percent.
"We're caught by the general economic strength," said David Ader, U.S. government bond strategist at RBS Greenwich.
DOLLAR CLIMBS
The dollar hit 120.73 yen , its highest since April 2003, according to Reuters data, after breaking options-related resistance at 120 and 120.50 yen. It then pared gains to trade at 120.57 yen, still up 0.64 percent on the day.
In late New York trading, the euro was down against the dollar at $1.1733 , down 0.46 percent from late on Wednesday.
GOLD, SILVER CLIMB
COMEX February delivery gold (GCG6: Quote, Profile, Research) settled up $7.60 at $506.30 an ounce, just below a session high at $506.80, which marked the priciest level for a benchmark futures contract since February 1983.
"Gold is robust, silver is acting very well; all the industrial markets are firm -- it's a broad-based commodity rally today," said James Quinn, commodity commentator for AG Edwards & Sons.
"The $500 level was a psychological point and we broke through that," said Emanuel Balarie, senior market strategist at Wisdom Financial Inc. "With gold still rising today, I think we are going to crack $600 sometime in 2006."
March silver futures (SIH6: Quote, Profile, Research) jumped 21.7 cents to $8.602 an ounce, after dealing from $8.29 to $8.62 -- the highest for futures since August 1987. A move above $8.90 would take silver to its loftiest point since May 1987, when it hit $9.50. (Additional reporting by Caroline Valetkevitch) (Reporting by Ellis Mnyandu, Gelu Sulugiuc, Zach Howard, Pedro Nicolaci da Costa and Gertrude Chavez-Dreyfuss in New York, Melanie Cheary in London and Eriko Amaha in Tokyo)
© Reuters 2005. All Rights Reserved.
gastronomo
Forumer storico
Giù dalle brande, manica di :zzz: :zzzz: ...
Yen Declines for Third Week Versus Euro After ECB Raises Rates
Dec. 2 (Bloomberg) -- The yen declined for a third week against the euro and the dollar in Europe as the Bank of Japan holds interest rates close to zero percent while central banks in the U.S. and Europe raise them.
Japan's currency traded near a record low against the euro and a 31-month low against the dollar as investors buy higher- yielding non-yen denominated assets. The BOJ has kept rates near zero since 2001 while the Federal Reserve lifted U.S. rates to 4 percent and the European Central Bank yesterday raised its rate to 2.25 percent, the first increase in five years.
``The widening gap in interest rates between Japan and other major economies such as the U.S. and Europe is pushing down the yen,'' said Teruhisa Tsuji, a trader at Mizuho Corporate Bank Ltd., a unit of Japan's second-largest lender by assets. ``This is a yen-selling market.''
Against the euro, the yen was at 141.37 at 7:13 a.m. in London, from 141.59 late in New York yesterday, when it reached a record low of 141.63, according to electronic foreign-exchange dealing system EBS. Against the dollar, the yen was at 120.63, from 120.64, after yesterday dropping as low as 120.73, the weakest since April 25, 2003.
The yen has fallen almost 15 percent against the dollar and 1.6 percent versus the euro this year. It will move between 120 and 121 against the dollar and 141 and 142 per euro today, Tsuji said. Japan's currency is the second-worst performer versus the dollar in 2005 among the 17 most active currencies Bloomberg tracks, only the Swedish krona fared worse.
The yen is also heading for a sixth straight annual decline against Europe's 12-nation currency, which debuted in 1999.
BOJ Deputy Governor Toshiro Muto said today the central bank will retain its zero interest-rate policy even after ending its easy monetary policy.
`Rubber Stamp'
Japan's currency is ``moving mostly in line with fundamentals,'' Finance Minister Sadakazu Tanigaki told reporters in Tokyo today.
``His comments should have a negative impact on the yen,'' said Tohru Sasaki, a currency strategist in Tokyo at JPMorgan Chase & Co. and a former Bank of Japan head currency trader. ``It's rubber-stamping the weakening yen.''
The yen may fall to 122 against the dollar by year-end, Sasaki said.
Tanigaki who is attending a meeting of finance ministers from the Group of Seven industrial countries in London, said he expects them to discuss currencies and the ECB's decision yesterday to raise interest rates.
`Illogical'
Losses in the yen may be limited after a government report yesterday showed Japanese investors were net sellers of overseas bonds for the first week in 10, suggesting demand for foreign debt securities may be waning.
``The idea that the Japanese will persistently divest from their own country while it is doing so well is probably either a short-term phenomenon or illogical,'' said Simon Flint, Singapore-based head of emerging Asia currency strategy at Merrill Lynch & Co. ``On a valuation perspective, the yen is one of the most undervalued currencies in the world.'' Merrill Lynch predicts the yen will rise to 110 by the end of March.
Bank of Japan Deputy Governor Kazumasa Iwata on Nov. 30 said a rise in the Nikkei 225 Stock Average to 15,000 for the first time in five years reflects the outlook for an improving economy. The Nikkei rose for a second day, reaching 15,421.60 the highest close since Oct. 16, 2000.
The yen also may be supported by comments from Kaoru Yosano, minister for fiscal and economic policy, that it isn't desirable for currencies to be volatile.
A technical indicator some traders use to predict currency movements signaled that losses in the yen may stall. The dollar's 14-day relative strength index against the yen was 70.60. The euro's 14-day relative strength index to the yen was 66.55. A level above 70 or below 30 signals a reversal may occur.
`Price Stability'
The ECB yesterday raised its benchmark rate from a six- decade low of 2 percent to contain inflation.
``We are in line with our duty to preserve price stability,'' ECB President Jean-Claude Trichet said at a briefing in Frankfurt.
The ECB lifted its forecasts for consumer prices and growth next year. The central bank now expects inflation of about 2.1 percent in 2006, exceeding its 2 percent ceiling. It also projects growth will accelerate to 1.9 percent next year from 1.4 percent in 2005, giving it scope for further rate increases.
The euro traded at $1.1718 from $1.1738 yesterday.
The dollar may benefit from speculation a report today will show the world's largest economy added 210,000 jobs in November, reinforcing the view U.S. growth is strong enough for the central bank to keep raising interest rates.
``A number close to market expectations will help the dollar strengthen,'' said Besa Deda, a currency strategist in Sydney at Commonwealth Bank of Australia. The dollar will trade at $1.18 versus the euro by year-end, she said.
The Labor Department report will probably show the economy created almost four times as many jobs as in October and the most since July, according to the median forecast in a Bloomberg survey.
The unemployment rate probably held at 5 percent for a second month, close to the four-year low of 4.9 percent reached in August, according to a separate survey.
To contact the reporter on this story:
Kosuke Goto in Tokyo at at kgoto2@bloomberg.net;
Chris Cooper in Tokyo at ccooper1@bloomberg.net
Yen Declines for Third Week Versus Euro After ECB Raises Rates
Dec. 2 (Bloomberg) -- The yen declined for a third week against the euro and the dollar in Europe as the Bank of Japan holds interest rates close to zero percent while central banks in the U.S. and Europe raise them.
Japan's currency traded near a record low against the euro and a 31-month low against the dollar as investors buy higher- yielding non-yen denominated assets. The BOJ has kept rates near zero since 2001 while the Federal Reserve lifted U.S. rates to 4 percent and the European Central Bank yesterday raised its rate to 2.25 percent, the first increase in five years.
``The widening gap in interest rates between Japan and other major economies such as the U.S. and Europe is pushing down the yen,'' said Teruhisa Tsuji, a trader at Mizuho Corporate Bank Ltd., a unit of Japan's second-largest lender by assets. ``This is a yen-selling market.''
Against the euro, the yen was at 141.37 at 7:13 a.m. in London, from 141.59 late in New York yesterday, when it reached a record low of 141.63, according to electronic foreign-exchange dealing system EBS. Against the dollar, the yen was at 120.63, from 120.64, after yesterday dropping as low as 120.73, the weakest since April 25, 2003.
The yen has fallen almost 15 percent against the dollar and 1.6 percent versus the euro this year. It will move between 120 and 121 against the dollar and 141 and 142 per euro today, Tsuji said. Japan's currency is the second-worst performer versus the dollar in 2005 among the 17 most active currencies Bloomberg tracks, only the Swedish krona fared worse.
The yen is also heading for a sixth straight annual decline against Europe's 12-nation currency, which debuted in 1999.
BOJ Deputy Governor Toshiro Muto said today the central bank will retain its zero interest-rate policy even after ending its easy monetary policy.
`Rubber Stamp'
Japan's currency is ``moving mostly in line with fundamentals,'' Finance Minister Sadakazu Tanigaki told reporters in Tokyo today.
``His comments should have a negative impact on the yen,'' said Tohru Sasaki, a currency strategist in Tokyo at JPMorgan Chase & Co. and a former Bank of Japan head currency trader. ``It's rubber-stamping the weakening yen.''
The yen may fall to 122 against the dollar by year-end, Sasaki said.
Tanigaki who is attending a meeting of finance ministers from the Group of Seven industrial countries in London, said he expects them to discuss currencies and the ECB's decision yesterday to raise interest rates.
`Illogical'
Losses in the yen may be limited after a government report yesterday showed Japanese investors were net sellers of overseas bonds for the first week in 10, suggesting demand for foreign debt securities may be waning.
``The idea that the Japanese will persistently divest from their own country while it is doing so well is probably either a short-term phenomenon or illogical,'' said Simon Flint, Singapore-based head of emerging Asia currency strategy at Merrill Lynch & Co. ``On a valuation perspective, the yen is one of the most undervalued currencies in the world.'' Merrill Lynch predicts the yen will rise to 110 by the end of March.
Bank of Japan Deputy Governor Kazumasa Iwata on Nov. 30 said a rise in the Nikkei 225 Stock Average to 15,000 for the first time in five years reflects the outlook for an improving economy. The Nikkei rose for a second day, reaching 15,421.60 the highest close since Oct. 16, 2000.
The yen also may be supported by comments from Kaoru Yosano, minister for fiscal and economic policy, that it isn't desirable for currencies to be volatile.
A technical indicator some traders use to predict currency movements signaled that losses in the yen may stall. The dollar's 14-day relative strength index against the yen was 70.60. The euro's 14-day relative strength index to the yen was 66.55. A level above 70 or below 30 signals a reversal may occur.
`Price Stability'
The ECB yesterday raised its benchmark rate from a six- decade low of 2 percent to contain inflation.
``We are in line with our duty to preserve price stability,'' ECB President Jean-Claude Trichet said at a briefing in Frankfurt.
The ECB lifted its forecasts for consumer prices and growth next year. The central bank now expects inflation of about 2.1 percent in 2006, exceeding its 2 percent ceiling. It also projects growth will accelerate to 1.9 percent next year from 1.4 percent in 2005, giving it scope for further rate increases.
The euro traded at $1.1718 from $1.1738 yesterday.
The dollar may benefit from speculation a report today will show the world's largest economy added 210,000 jobs in November, reinforcing the view U.S. growth is strong enough for the central bank to keep raising interest rates.
``A number close to market expectations will help the dollar strengthen,'' said Besa Deda, a currency strategist in Sydney at Commonwealth Bank of Australia. The dollar will trade at $1.18 versus the euro by year-end, she said.
The Labor Department report will probably show the economy created almost four times as many jobs as in October and the most since July, according to the median forecast in a Bloomberg survey.
The unemployment rate probably held at 5 percent for a second month, close to the four-year low of 4.9 percent reached in August, according to a separate survey.
To contact the reporter on this story:
Kosuke Goto in Tokyo at at kgoto2@bloomberg.net;
Chris Cooper in Tokyo at ccooper1@bloomberg.net
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