Derivati USA: CME-CBOT-NYMEX-ICE T-Bond-10y-Bund : la maledizione di f4f (vm18)
- Creatore Discussione gipa69
- Data di Inizio
gipa69
collegio dei patafisici
AP
ECB Leaves Key Rate Steady
Thursday August 31, 8:57 am ET
European Central Bank Leaves Key Interest Rate Unchanged at 3 Percent
FRANKFURT, Germany (AP) -- The European Central Bank on Thursday left its key interest rate unchanged at 3 percent, but its leader appeared to set the stage for what analysts say could be an increase in October.
ECB President Jean-Claude Trichet, commenting after the decision, urged continued "strong vigilance" over inflation in consumer prices.
At previous meetings, Trichet's use of the word "vigilance" has signaled a likely rate increase at the next meeting.
Despite promising second-quarter economic growth in the 12-nation euro zone and some concern about inflation, most analysts expected that the ECB's governing council would decide at Thursday's meeting that it was too soon to raise rates.
Of 43 economists polled by Dow Jones Newswires, only one predicted a rate hike. However, the remaining 42 forecast that an increase will come when the governing council next meets on Oct. 5 in Paris.
The Frankfurt-based bank last raised its refinancing rate on Aug. 3, hiking it to 3 percent from 2.75 percent.
On Thursday, Trichet said "strong vigilance remains of the essence." He said key euro-zone interest rates are at low levels and that a progressive tightening would be needed if the expected scenario was confirmed.
The economy in the 12 euro-zone countries grew by 0.9 percent in the second quarter compared with the previous three months, outpacing both the U.S. and Japan. It grew by 2.4 percent compared with last year's second quarter.
However, EU officials have said they expect flatter growth by the end of the year, saying there would be no significant change to their forecast that the economy would grow by 2.1 percent in 2006.
ECB Leaves Key Rate Steady
Thursday August 31, 8:57 am ET
European Central Bank Leaves Key Interest Rate Unchanged at 3 Percent
FRANKFURT, Germany (AP) -- The European Central Bank on Thursday left its key interest rate unchanged at 3 percent, but its leader appeared to set the stage for what analysts say could be an increase in October.
ECB President Jean-Claude Trichet, commenting after the decision, urged continued "strong vigilance" over inflation in consumer prices.
At previous meetings, Trichet's use of the word "vigilance" has signaled a likely rate increase at the next meeting.
Despite promising second-quarter economic growth in the 12-nation euro zone and some concern about inflation, most analysts expected that the ECB's governing council would decide at Thursday's meeting that it was too soon to raise rates.
Of 43 economists polled by Dow Jones Newswires, only one predicted a rate hike. However, the remaining 42 forecast that an increase will come when the governing council next meets on Oct. 5 in Paris.
The Frankfurt-based bank last raised its refinancing rate on Aug. 3, hiking it to 3 percent from 2.75 percent.
On Thursday, Trichet said "strong vigilance remains of the essence." He said key euro-zone interest rates are at low levels and that a progressive tightening would be needed if the expected scenario was confirmed.
The economy in the 12 euro-zone countries grew by 0.9 percent in the second quarter compared with the previous three months, outpacing both the U.S. and Japan. It grew by 2.4 percent compared with last year's second quarter.
However, EU officials have said they expect flatter growth by the end of the year, saying there would be no significant change to their forecast that the economy would grow by 2.1 percent in 2006.
gipa69
collegio dei patafisici
Reuters
Core inflation up less than expected
Thursday August 31, 8:34 am ET
WASHINGTON (Reuters) - Core U.S. consumer prices rose a less-than-expected 0.1 percent in July, but the year-on-year rate of nonfood, nonenergy inflation remained at 2.4 percent, the highest level since September 2002, a Commerce Department report showed on Thursday.
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Analysts polled by Reuters were expecting a 0.2 percent gain in core consumer prices.
Personal income rose 0.5 in July, with real disposable income climbing 0.3 percent, the government said in the same report.
Overall inflation, as measured by a price index for consumer spending, increased by 0.3 percent last month, reflecting higher energy prices, and followed a revised 0.1 percent rise in June.
Inflation-adjusted spending rose by 0.5 percent, the biggest gain since a matching 0.5 percent advance in December, on a jump in durable goods purchases.
Wage and salary income rose 0.6 percent in July.
The personal saving rate dipped to a negative 0.9 percent, the 16th month in a row the rate had been negative.
Core inflation up less than expected
Thursday August 31, 8:34 am ET
WASHINGTON (Reuters) - Core U.S. consumer prices rose a less-than-expected 0.1 percent in July, but the year-on-year rate of nonfood, nonenergy inflation remained at 2.4 percent, the highest level since September 2002, a Commerce Department report showed on Thursday.
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Analysts polled by Reuters were expecting a 0.2 percent gain in core consumer prices.
Personal income rose 0.5 in July, with real disposable income climbing 0.3 percent, the government said in the same report.
Overall inflation, as measured by a price index for consumer spending, increased by 0.3 percent last month, reflecting higher energy prices, and followed a revised 0.1 percent rise in June.
Inflation-adjusted spending rose by 0.5 percent, the biggest gain since a matching 0.5 percent advance in December, on a jump in durable goods purchases.
Wage and salary income rose 0.6 percent in July.
The personal saving rate dipped to a negative 0.9 percent, the 16th month in a row the rate had been negative.
gipa69
collegio dei patafisici
Reuters
Jobless claims edge down in latest week
Thursday August 31, 8:32 am ET
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits edged down by 2,000 last week, the government said on Thursday in a report showing stability in the pace of layoffs.
The Labor Department said 316,000 unemployed workers filed initial claims for state unemployment aid in the week ended August 26, off from a revised 318,000 in the prior week.
Wall Street economists had expected claims to edge up to 315,000 from the 313,000 originally reported for the week ended August 19.
Despite last week's drop, a four-week moving average that smooths weekly fluctuations to provide a better sense of underlying trends inched up 1,000 to 317,500.
The number of Americans who continued to file for benefits after an initial week of aid rose by 3,000 to 2.486 million in the week ended August 19, the latest for which figures are available.
Claims for new unemployment benefits have been range-bound for much of the year, indicating a steady pace of layoffs. Economists say, however, the relatively low level of firings does not necessarily provide a good signal on hiring trends.
The department issues its closely watched monthly report on payroll growth on Friday, which will provide further clues on the health of the job market.
Economists expect nonfarm payrolls expanded by a moderate 120,000 workers in August, up just slightly from July's pace. The unemployment rate is expected to have dipped to 4.7 percent from 4.8 percent in July.
Jobless claims edge down in latest week
Thursday August 31, 8:32 am ET
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits edged down by 2,000 last week, the government said on Thursday in a report showing stability in the pace of layoffs.
The Labor Department said 316,000 unemployed workers filed initial claims for state unemployment aid in the week ended August 26, off from a revised 318,000 in the prior week.
Wall Street economists had expected claims to edge up to 315,000 from the 313,000 originally reported for the week ended August 19.
Despite last week's drop, a four-week moving average that smooths weekly fluctuations to provide a better sense of underlying trends inched up 1,000 to 317,500.
The number of Americans who continued to file for benefits after an initial week of aid rose by 3,000 to 2.486 million in the week ended August 19, the latest for which figures are available.
Claims for new unemployment benefits have been range-bound for much of the year, indicating a steady pace of layoffs. Economists say, however, the relatively low level of firings does not necessarily provide a good signal on hiring trends.
The department issues its closely watched monthly report on payroll growth on Friday, which will provide further clues on the health of the job market.
Economists expect nonfarm payrolls expanded by a moderate 120,000 workers in August, up just slightly from July's pace. The unemployment rate is expected to have dipped to 4.7 percent from 4.8 percent in July.
Run the Park
Forumer storico
Che dite ragazzi, l'SP500 si è riposato abbastanza, può riprendere a salire? 
gipa69
collegio dei patafisici
BOND REPORT
Treasurys flat after U.S. economic releases
$TNX47.47, -0.16, -0.3%) of 4.755%.
Bond prices and yields move in opposite directions.
The 2-year note was unchanged at 100 4/32, yielding 4.804%, keeping the front-end of the yield curve inverted.
The 30-year Treasury bond was unchanged at 93 21/32 with a yield of 4.909%.
The Commerce Department said core consumer prices, as measured by the personal consumption expenditure price index excluding food and energy, rose 0.1% in July, the smallest gain since December. Economists were expecting a 0.2% gain. See full story.
In the past year, core prices are up 2.4%, matching the biggest gain in 11 years and well above the Federal Reserve's implied comfort zone of 1% to 2% for core inflation.
"The PCE price indices were well behaved during the month, which should help fend off worry of faster inflation despite the positive message on growth," said Aaron Smith, an economist at Moody's Economy.com
Meanwhile, initial claims for state unemployment benefits fell by 2,000 to 316,000 for the latest week. See full story.
The Chicago manufacturing and factory orders reports are both due at 10 a.m.
The MarketWatch forecast, based on a survey of economists, is for the Chicago purchasing managers index to have a headline reading of 57.0% for this month, which would mark a decline from 57.9% in July.
MarketWatch also projects that factory orders fell 0.9% in July, a reversal from the 1.2% gain seen in June.
Meanwhile, Fed Chairman Ben Bernanke is scheduled to speak on productivity at lunch time.
After implementing 17 straight of quarter-percentage-point increases in benchmark interest rates over two years, the Fed held interest rates steady at 5.25% earlier this month.
Also on Thursday, the European Central Bank kept interest rates on hold at 3%, after hiking by a quarter-point earlier this month.
ECB President Jean-Claude Trichet said in prepared comments that "strong vigilance" is needed toward inflation risks and that monetary policy is "accommodative." He said a further withdrawal of accommodation would be warranted if its economic projections are confirmed. See full story.
Wanfeng Zhou is a markets reporter in New York.
Treasurys flat after U.S. economic releases
$TNX47.47, -0.16, -0.3%) of 4.755%.
Bond prices and yields move in opposite directions.
The 2-year note was unchanged at 100 4/32, yielding 4.804%, keeping the front-end of the yield curve inverted.
The 30-year Treasury bond was unchanged at 93 21/32 with a yield of 4.909%.
The Commerce Department said core consumer prices, as measured by the personal consumption expenditure price index excluding food and energy, rose 0.1% in July, the smallest gain since December. Economists were expecting a 0.2% gain. See full story.
In the past year, core prices are up 2.4%, matching the biggest gain in 11 years and well above the Federal Reserve's implied comfort zone of 1% to 2% for core inflation.
"The PCE price indices were well behaved during the month, which should help fend off worry of faster inflation despite the positive message on growth," said Aaron Smith, an economist at Moody's Economy.com
Meanwhile, initial claims for state unemployment benefits fell by 2,000 to 316,000 for the latest week. See full story.
The Chicago manufacturing and factory orders reports are both due at 10 a.m.
The MarketWatch forecast, based on a survey of economists, is for the Chicago purchasing managers index to have a headline reading of 57.0% for this month, which would mark a decline from 57.9% in July.
MarketWatch also projects that factory orders fell 0.9% in July, a reversal from the 1.2% gain seen in June.
Meanwhile, Fed Chairman Ben Bernanke is scheduled to speak on productivity at lunch time.
After implementing 17 straight of quarter-percentage-point increases in benchmark interest rates over two years, the Fed held interest rates steady at 5.25% earlier this month.
Also on Thursday, the European Central Bank kept interest rates on hold at 3%, after hiking by a quarter-point earlier this month.
ECB President Jean-Claude Trichet said in prepared comments that "strong vigilance" is needed toward inflation risks and that monetary policy is "accommodative." He said a further withdrawal of accommodation would be warranted if its economic projections are confirmed. See full story.
Wanfeng Zhou is a markets reporter in New York.
gipa69
collegio dei patafisici
Run the Park ha scritto:Che dite ragazzi, l'SP500 si è riposato abbastanza, può riprendere a salire?
Personalmente avevo un target di cash spoore intorno ai 1315/1317.
Le continue finte e controfinte intorno ai 1304/1305 mi hanno fatto scattare lo stop.
Il comportamento intermarket attuale non è supportivo di un rialzo per cui allo stato attuale opterei più per uno short che per un long anche se preferisco stare a guardare fino all'area 1285/1280.
Run the Park
Forumer storico
gipa69 ha scritto:
Io seguo, a titolo di spettatore, un conteggio che prevede target a 1380, in teoria dovrebbe essere finita una 2 e cominciata una 3 di una 3, se si rivelasse corretto dovrebbe toccare il tuo target molto presto... da spettatore seguo
gipa69 ha scritto:
Che mi dici della correlazione tra SPX e cross EUR/USD ?