“La sabiduría de la vida consiste en la eliminación de lo no esencial. En reducir los problemas de la filosofía a unos pocos solamente: el goce del hogar, de la vida, de la naturaleza, de la cultura”.
Lin Yutang
Cervantes
Hoy es el día más hermoso de nuestra vida, querido Sancho; los obstáculos más grandes, nuestras propias indecisiones; nuestro enemigo más fuerte, el miedo al poderoso y a nosotros mismos; la cosa más fácil, equivocarnos; la más destructiva, la mentira y el egoísmo; la peor derrota, el desaliento; los defectos más peligrosos, la soberbia y el rencor; las sensaciones más gratas, la buena conciencia, el esfuerzo para ser mejores sin ser perfectos, y sobretodo, la disposición para hacer el bien y combatir la injusticia dondequiera que esté.
MIGUEL DE CERVANTES Don Quijote de la Mancha.
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11 de febrero de 2018
Asia Stocks Rise With S&P Futures; Dollar Declines: Markets Wrap
By
Andreea Papuc
Updated on
Japan markets are shut; Aussie banks drop as inquiry starts
Focus turns to the U.S. CPI after selloff in equities, bonds
Investors got a reprieve from the recent turmoil with
Asian stocks recovering from their worst weekly rout since 2011 as
volatility swept global markets. The dollar declined against most major
peers.
Equity
benchmarks rose in Hong Kong, China and South Korea after the S&P
500 Index jumped on Friday and the futures extended gains in Asia at the
start of the week. Australian banks dragged the benchmark there down at
the start of a sweeping inquiry into the nation’s financial system.
Japan is closed for a holiday. Oil maintained losses.
Even
as U.S. stocks ended the week on a high note fears of interest-rate
hikes that pushed markets into a correction persist. U.S. stocks ended
their worst week in two years
with the S&P 500 tumbling 5.2 percent. The Cboe Volatility Index
ended almost three times higher than its level on Jan. 26. Ten-year
Treasury yields finished the week at 2.85 percent, near where they
started and after pushing as high as 2.88 percent.
Traders will be awaiting U.S. consumer-price data out on
Wednesday with some trepidation. Pressure on equities has been emanating
from the Treasury market, where yields spiked to a four-year high amid
concern the Federal Reserve may accelerate its rate-hike schedule.
North
Korean leader Kim Jong Un used his sister to invite South Korea’s
president for talks in Pyongyang as the Winter Olympic Games got
underway, a move seen as an attempt at thawing tensions on the Korean
Peninsula. The won was the best-performing currency in Asia.
Terminal users can read more in our markets blog.
Here are some important things to watch out for this week:
U.S. President Donald Trump will deliver his 2019 budget blueprint.
The
U.S. consumer-price index, due Wednesday, probably increased at a
moderate pace in January, economists project. Retail sales in the U.S.,
also out Wednesday, probably increased for a fifth straight month.
Japan
is expected to extend the longest stretch of economic growth since the
mid-1990s when it reports fourth-quarter gross domestic product on
Wednesday.
Other key economic news out in Asia this week
include: India CPI on Monday; Singapore and Malaysia GDP on Wednesday;
Australia unemployment, Indonesia rate decision and India trade balance
all on Thursday.
Australian central bank Governor Philip Lowe testifies to a parliamentary committee in Sydney on Friday.
Chinese
New Year celebrations for the Year of the Dog begin in China and follow
across much of Asia, including Hong Kong, Taiwan, Singapore, Malaysia
and Indonesia. Chinese mainland markets are closed Feb. 15-21.
Earnings
season continues in full swing with reports from Bunge, TripAdvisor,
SunPower, Con Edison, Bombardier, Heineken, Loews, Michelin, PepsiCo,
MetLife,Cisco, Japan Post Bank, Credit Suisse, Nestle, Airbus, Allianz,
Telstra, Coca-Cola, Deere, Eni, Credit Agricole and Campbell Soup.
These are the main moves in markets:
Stocks
Hong Kong’s Hang Seng Index rose 0.5 percent. The Shanghai Composite Index added 0.3 percent.
The S&P/ASX 200 Index declined 0.6 percent.
South Korea’s Kospi index gained 0.9 percent.
Futures on the S&P 500 advanced 0.5 percent as of 11:01 a.m. in Tokyo. The underlying gauge climbed 1.5 percent Friday.
The MSCI Asia Pacific Index excluding Japan gained 0.7 percent. The MSCI Asia Pacific Index fell 6.5 percent last week.
Currencies
The Bloomberg Dollar Spot Index fell 0.2 percent.
The yen advanced 0.1 percent to 108.68 per dollar.
The won jumped 0.8 percent to 1,083.40 per dollar.
The euro added 0.2 percent to $1.2278.
The British pound was at $1.3835 after sinking 0.6 percent Friday to the weakest in more than three weeks.
Bonds
The
yield on 10-year Treasuries rose two basis points to 2.85 percent; the
securities won’t be traded in the Asian day as Japan has a holiday.
Australia’s 10-year bond yield climbed three basis points to 2.89 percent.
Commodities
West Texas Intermediate crude rose 0.8 percent to $59.69 a barrel. It slumped 9.6 percent last week.
