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DAYLI REPORT 19/06/14

Eurozone economic news • Operate European shares higher after Fed comments. The main European stock indexes trades Thursday's session higher, boosted by comments he made during the Federal Reserve yesterday in the United States. In England, the FTSE 100 has an upward shift of about 0.70% before the open on Wall Street. In Germany, the DAX index is valued 0.82%, trading back above 10,000 points. In France meanwhile the CAC 40 led the upward movement be appraised slightly less than 1% (0.95%), gaining 43 points after half-time operations on the European continent. UK retail sales Retail sales fell in May the island, despite the massive sales of sporting goods and toys related to the World Cup. The Office for National Statistics said sales fell 0.5%, slightly less than expected by economists who had expected a decline of 0.6% (month to month). Regarding the annual panorama was expected that sales will increase by 4.8% and the Bureau of Statistics reported that in May the category grew 4.7%.

Tomorrow: • No relevant data will be announced tomorrow.


Asian Economic News • Asia closes higher showing optimism global economic conditions. The major Asian stock indexes ended the session mostly higher Wednesday after the U.S. Federal Reserve showed optimism about the recovery of the U.S. economy. The Japanese Nikkei appreciated 1.62%, gaining 245 units throughout the day. In China, the Hang Seng Index traded slightly lower, losing -0.06% while Shanghai fell 1.55%, closing on 2023 points. In Australia the S & P / ASX 200 index had a positive change of 1.59%, cutting two consecutive days of losses. Japan Up Japanese stocks closed over 15300 points, reaching its highest level in four months, extending upward movement for the third consecutive day. The secretion investor sentiment after the member of the board of the Bank of Japan, Yoshihisa Morimoto announced on Thursday morning is expected to export a pronounced rebound after it was unveiled during the trade balance wheel Wednesday.

New economic data reported that manufacturing sentiment did not show any variation in June from the May level. Australia Up The Australian S & P / ASX 200 cut its two-session losing streak, rebounding after falling to its lowest level in three weeks for the front wheel. The rate imposed his best wheel (percentage) since December last year. Mining stocks gave a strong impetus to the Australian stock exchange after the price of iron reached the $ 90.30 per ton. Fortescue Metals has appreciated 5% while BHP Billiton had a positive variation of 3% during the session.

Tomorrow: • The Governor of the Bank of Japan will be present at a press conference in Tokyo. • In New Zealand will release consumer confidence (by month) for June. In May a contraction of 4.4% occurred.


Economic and corporate news United States • Jobless claims fell during last week. During Wednesday's session in the U.S. market the major stock indexes closed higher after the Federal Reserve made ​good comments against economic recovery. The Dow Jones Industrial had an increase of 0.58%, gaining 98 units throughout the day. The S & P 500 had an upturn of 0.77%, reaching a new record high both intraday and at the close of the wheel. The Nasdaq Composite Index rose 0.59%, closing 4362 points on the third trading session of the week. Federal Reserve The U.S. central bank announced a further cut in its procurement plan while leaving the interest rate unchanged close to zero for the next period. The Fed cut its growth outlook for the United States range between 3% and 2.8% that was set at the March conference, averaging between 2.1% and 2.3% . In the labor sector, the central bank lowered expectations from unemployment to 6.1%. "The Fed is very concerned not only about unemployment and inflation but also by the financial condition of the U.S., 'said Bill Gross, founder of Pimpo in an interview with CNBC.

Blackberry (BBRY: NASDAQ) The company reported a smaller than expected loss for its latest quarter, as announced this morning. Blackberry lost 11 cents, 15 cents less than consensus analysts forecast a loss of 26 cents in the period. The company said its cash position is very strong and that total revenues in the last quarter were better than expected. Tomorrow: • No relevant data will be announced tomorrow.


TEAM

NAME

ENPLOYMENT

E-MAIL

Felipe Jaramillo Revéiz

Portfolio Manager

fjaramillo@mythracapital.com

Carlos Ávila Peña

Money Manager

cavila@mythracapital.com

Mauricio Jaramillo Revéiz

Money Manager

mjaramillo@mythracapital.com

Juan Pablo Hernández

Risk Manager

jhernandez@mythracapital.com

Juan Laverde

Financial Analyst

jlaverde@mythracapital.com

Carlos Albán Correa

Financial Analyst

calban@mythracapital.com

Terms of Use This publication was prepared by the Department of Economic Research Mythra Capital Management. The data and information shall not be construed as advice, recommendations or suggestions from our part for making investment decisions or making any transactions or business, which is why the use of the information provided is the sole risk. Values​​, interest rates and other information found therein are purely informational and are not an offer or demand firm, to perform transactions. If you are interested in expanding your information please write to email: research@mythracapital.com

Daily Report. 19/06/14  
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