Derivati USA: CME-CBOT-NYMEX-ICE Tbond,Tnote,Bund&CO-giu/lug2006: fuga dai Bonds (vm18)

[gipa69]

Una volta contava....

NEW YORK (Reuters) - Network equipment maker Cisco Systems Inc. (Nasdaq:CSCO - news) on Tuesday reported fiscal fourth quarter revenue and income rose more than expected as companies upgraded their networks.

Cisco a manufacturer of routers and switches that direct Internet traffic, said sales for the quarter ended July 29 rose to $7.98 billion from $6.6 billion in the same quarter a year earlier.

Net income rose marginally to $1.544 billion, or 25 cents per share, compared with $1.540 billion, or 24 cents per share in the year-ago quarter. Figures for the latest quarter included stock-based compensation expense and employee stock purchases.

Excluding items, it earned $1.9 billion, or 30 cents per share compared to $1.6 billion, or 25 cents per share a year earlier.

Analysts had expected earnings before items of $1.79 billion, or 28 cents per share, and revenue of $7.92 billion.

Cisco's shares have fallen around 10 percent over the past 12 months amid concerns about consolidation in the telecommunications industry, but smaller rival Juniper Networks (Nasdaq:JNPR - news) has shed around 45 percent.

Network equipment for business and telecommunications networks accounts for most of Cisco's revenue, but the company has been expanding into the consumer market as seen in its acquisition of cable set-top box maker Scientific Atlanta, a deal finalized in February.

Cisco shares rose 1.4 percent to $17.54 on the Inet electronic brokerage system after closing on Tuesday at

$17.29.

Analysts have said demand for more advanced communications networks appeared firm at the moment, but slower U.S. economic growth and consolidation in the telecommunications industry were risks for Cisco in the future.

 

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Ciao a tutti chi sa darmi un url x vedere i tips spalmati sulle varie scadenze??

grazie

 

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http://www.bloomberg.com/markets/rates/index.html

 

[smile]

grazie

 

[gipa69]

La forza dell'area asiatica si mostra in pieno grazie a questi dati ed il decoupling sembra sempre più certo soprattutto se non ci sarà la correzione dei mercati finanziari.
Siccome i consumi interni non sono forti ed il prospetto dell'economia USa è in rallentamento è certo che le aspettative si riversano sull'area limitrofa e i nuovi massimi dell'indice di Hong Kong sembrerebbero confermarlo.
Solo una correzione decisa dei mercati finanziari legata ad un rallentamento deciso dell'economia potrebbe rallentarne la corsa.

UPDATE 3-Japan machinery orders jump, capex outlook strong
Wed Aug 9, 2006 5:00am ET
By Yoko Nishikawa

TOKYO, Aug 9 (Reuters) - Japanese private-sector machinery orders rose unexpectedly in June from a month earlier and look set to grow further in the coming months, another sign that capital spending is underpinning a healthy economic recovery.

Core machinery orders, a volatile data series regarded as an indicator of capital spending in the coming six to nine months, jumped 8.5 percent in June from the previous month on a seasonally adjusted basis, government figures showed on Wednesday.


Economists had forecast a fall of 0.4 percent.

In the April-June quarter, orders rose 8.9 percent from the previous quarter, the fastest pace of gains in nearly 10 years.

In addition, the Cabinet Office said orders were expected to rise 4.9 percent in July-September from the previous quarter.

"The figures show that companies are still keen to invest despite worries about the impact of a U.S. economic slowdown on the domestic economy towards the end of the year," said Seiji Adachi, senior economist at Deutsche Securities.

"It's a sign that companies believe the recovery is for real and that the economy is set for a long expansion
The Nikkei share average <N225>, which had been down as much as 1.45 percent, shot up on the data and closed 1.24 percent higher on the day, while Japanese government bond prices fell.

The yen also rose slightly on the stronger-than-expected outcome. It was near 115.10 yen per dollar at 0855 GMT, compared with 115.55 just before the data.

The rise in orders for June was led by orders from the steel, electronic equipment and auto industries.

The Cabinet Office upgraded its assessment on machinery orders, saying they are rising.


Compared with the same month last year, core orders, which exclude those for ships and machinery at electric power firms, were up 17.7 percent, sharply higher than a median forecast of a 6.4 percent rise in a Reuters poll.

The data suggested a strong capital spending component in April-June GDP data to be released on Friday, but economists said this would probably not be enough to alter forecasts.

"Capital spending for April-June GDP should be strong, but personal consumption and exports will likely be lacklustre," said Yoshimasa Maruyama, an economist at BNP Paribas.

Economists expect real GDP to grow 0.4 percent from the previous quarter, for annualised growth of 1.8 percent.

That would be slower than 3.1 percent annualised growth in January-March. Economists have blamed rainy weather for trimming consumption in the second quarter, but the general consensus is that personal spending will remain firm on growing income.
April-June GDP data is due out at 8:50 a.m. on Friday (2350 GMT Thursday).

Japan's economy grew for the fifth consecutive quarter in the first three months of this year, with capital spending leading a modest but healthy recovery.

Firms have been expanding investment for more than three years, using strong profits after paying down debts.

A Bank of Japan quarterly corporate survey last month showed that big firms expected their capital spending to rise 11.6 percent in the current business year to next March.


That would be the biggest gain in 16 years.

BOJ officials are wary of a possible overheating of capital spending, which could become a key factor for the central bank in deciding when and by how much it should raise interest rates.

After more than five years of holding rates at zero, the BOJ raised its target overnight call rate to 0.25 percent on July 14.

BOJ Governor Toshihiko Fukui has said that future interest rate increases will be gradual and that the central bank was not seeking consecutive rate hikes, so the central bank is not expected to raise rates at a board meeting that ends on Friday.


© Reuters 2006. All Rights Reserved.

 

[gipa69]

Che i giochi veri si giochino in quest'area è ormai un dato di fatto....

Dollar falls vs yen on China central bank comments
Wed Aug 9, 2006 6:54am ET
LONDON, Aug 9 (Reuters) - The dollar fell around 30 ticks to the day's lows against the yen on Wednesday after comments from the Chinese central bank raised expectations of yuan appreciation.

The central bank said China would use foreign exchange policy to bring international payments into better balance. This was interpreted by markets as Beijing making an effort to help solve global imbalances, which Washington says have been created by an artificially weak yuan.

"Basically they are saying they will use FX policy to solve global imbalances. They are moving towards further yuan appreciation," said Bilal Hafeez, head of foreign exchange strategy at Deutsche Bank.

The yen, often traded as a proxy for the yuan, strengthened to the day's highs of 114.83 per dollar <JPY>, from around 115.10 before the comments.

© Reuters 2006. All Rights Reserved.

 

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In questi grafici ci sono le aspettative alla chiusura di Lunedì di nuovi possibili rialzi dei tassi USA nelle prossime riunioni del FOMC....
Dopo ieri sono leggermente salite le probabilità....

 

[gipa69]

Quà un paio di statistiche:

il comportamento del mercato il giorno della decisione fed ed il giorno dopo negli ultimi due anni.

ed il comportamento del mercato dopo la fine del ciclo dei rialzi.

 

[gipa69]

Detto questo e vista la situazione vado corto ma senza molta convinzione

 

[smile]

Detto questo e vista la situazione vado corto ma senza molta convinzione

corto di cosa

secondo me di equity è cosa buona e giusta sara probabile la chiusura
dei gap di fine settimana anche il future sul 100 ha discontinuita 1516 ma se guardi i volumi delle candele up ...