DAILY REPORT 06/06/14
Eurozone economic news • European shares rise driven operating job creation in America. The main European stock indexes trades Friday's session higher, reacting positively to report job creation in America. In England, the English FTSE 100 has a positive change of 0.41% before the open on Wall Street. The German DAX has a positive change of 0.39%, up 38 points after half-time operations on the European continent. France meanwhile is valued 0.67%, awaiting the opening of the U.S market. Industrial Production Germany Production rose less than expected in April, officials said during European morning. Economists had expected an increase of 0.4%, followed by a contraction of 0.06% (the highest in five months) that occurred in March. The increase puts the agency Destatis again into industrial production in positive territory. During the last 20 years production has averaged an increase of 0.1%, reaching its highest level in August 1993 when he scored at 4.03%.
Economic News Asia • Asia closed down awaiting U.S. data. The major Asian stock indexes ended Friday's session lower, hoping to meet the May job creation in America. The Japanese Nikkei traded virtually unchanged, losing 0.01% of its value over the wheel. In China, the Hang Seng Index had a negative change of 0.69% while Shanghai fell 0.54%, closing on 2029 points. In Australia the S & P / ASX 200 Index appreciated 0.50%, showing a different from other exchanges in the region trend. Nikkei operates normally For the second consecutive day the Japanese index traded virtually unchanged. For the week the Nikkei was up 3%, its highest appreciation of the past three weeks. During the first hours of the session the index reached its highest level in two months after Prime Minister Abe health minister demanded complete the localization of assets of the Investment Fund Government Pension for October rather than to March as was previously budgeted. It is expected that the location of the assets in domestic stocks rather than bonds as traditionally held. China Down The two major Chinese indices closed the last day of the week on the downside. In Shanghai's stock market lost 0.5% despite promises of bank regulators to keep monetary policy unchanged and tighten supervision of banks. According to reports the Bank of China will inject 11.6 billion market over the next week, through different operations. Although this news investors show caution investors preferred waiting for the data to create jobs in America.
Monday: • In China May trade balance will be known. In April, exports had increased by 0.9% and imports by 0.8% (month to month). • Japan's growth will be known. The latest quarterly record is 1.5% higher.
Economic and corporate news United States • Non-farm payrolls better than expected During Thursday's session in the U.S. market the major stock indexes closed higher, reaching record levels of new account. The Dow Jones Industrial appreciated 0.59%, gaining 98 units throughout the day. The S & P 500 had a positive change of 0.65%, closing 1940 points on the session. The Nasdaq led the upward movement with a percentage increase of 1.05 and a gain of 44.58 points. Job Creation The Labor Department reported that during May 217,000 new jobs were created. The data recorded by the Department lightly beat the consensus on Wall Street believed that the creation of 215,000 new jobs. The interest rate increased from 6.3% to 6.4%, according to the Department of Statistics. Most of the jobs created was in lower-paying category called (low-paid). During the last 12 months creating American jobs has averaged 197,000 new jobs per month.
UPS The company announced that David Abney be the new CEO, assuming the position from September 1. Abney will replace Scott Davis, who will assume the role of Chairman from that time. The news was announced after the close of trading yesterday on Wall Street and the action took about a boost of 0.6%, showing confidence by investors in the decision of the board of the company.
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Mauricio Jaramillo Revéiz
Money Manager
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Juan Pablo Hernández
Risk Manager
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Juan Laverde
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Carlos Albán Correa
Financial Analyst
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