Dividendo do BCP escala no “ranking” dos mais atrativos da banca europeia

[Supermann]

5% de queda?

Desculpem mas tenho os futuros a frente e nao cai mais de 2 e tal...

Preço de fecho da sessao anterior 9955

Preço actural 9705

ou seja perde -2.5%

[helderjsm]

No Japão não admira uma queda tão grande e não me admirava de ver as bolsas mundiais a abrir em forte queda amanhã, mas sejamos racionais. Não é este tipo de coisas que coloca a economia em funcionamento? Quanto dinheiro não vai ser gasto para reparar e recomprar o que foi destruído?

Estive a dar uma olhadela no S&P500 depois do 11 de Setembro e este caiu até ao fim do mês de Setembro, mas parece que isso estancou o Bear Market durante cerca de meio ano.

Será que esta desgraça não vem só ou será que vai trazer novo fôlego à economia no médio prazo?

[charles]

A queda já vai nos -5,94%, isto não me surpreende muito mas, acho que a europa e os states não deram a devida importância ao terramoto no Japão e deviam ter descontado isto na sexta feira e não o fizeram....por tudo isto, parece-me que vai dar queda descontrolada, quando abrir!

http://www.forexpros.com.pt/indices/japan-ni225

[Elias]

Não sabias? É um clássico. Então no auge da crise asiática, seguia-se o Japão para saber se a nossa Bols aia abrir a subir 3% ou a cair 3%. E esse intervalo para o almoço cortava o ritmo e fazia muitos d enós ir dormir.

Um abraço,
Ulisses

Não fazia ideia Ulisses. Hoje é que tenho estado a acompanhar os futuros japoneses e andei a pesquisar para saber quando abria a bolsa e descobri isso!

Aliás não é só no Japão: outros países do extremo oriente fazem questão de parar para almoço.

Se fizessem isso cá também não era mal visto

1 abraço,
Elias

[charles]

Pois 3,4% já é reflexo da catastrofe, a coisa amanhã na europa pode acordar bem vermelha se tóquio agravar as quedas durante a noite, se a ameaça nuclear se complicar pior ainda, mas o nervosismo e o medinho fazem o resto, se de manhã isto estiver bem vermelhinho vou tentar resistir a não vender a minha posição curta logo de manhã.
Mau para quem está bull, vamos ver o que se vai passar!

Para já....

Bolsas de Tóquio e Osaka devem operar normalmente nesta 2ª feira13-03-2011 15:34 GMT (Agencia EFE)

Tóquio, 13 mar (EFE).- Os mercados de valores de Tóquio e Osaka funcionarão nesta segunda-feira normalmente, apesar do forte terremoto que na sexta-feira sacudiu o país e deixou milhares de mortos e desaparecidos, além de vários danos materiais.

O anúncio da abertura das Bolsas aconteceu ao término de uma reunião do Gabinete japonês para analisar as consequências econômicas do terremoto e do devastador tsunami que atingiu o país.

O presidente do Banco do Japão (BOJ), Masaaki Shirakawa, disse que a entidade emissora injetará uma "grande quantidade" de dinheiro nos mercados financeiros a partir desta segunda-feira para contribuir com a estabilização após o desastre.

Além disso, assegurou que o BOJ fará todo o possível para garantir que os cortes na provisão de eletricidade anunciados a partir de segunda-feira não afetem o funcionamento dos sistemas financeiros, segundo a agência local "Kyodo".

Por sua parte, o ministro de Política Econômica e Fiscal, Kaoru Yosano, indicou que o Governo também seguirá de perto a evolução dos mercados e tomará medidas estritas para garantir sua estabilização.

http://www.forexpros.com.pt/news/not%C3 ... eira-31790

[Ulisses Pereira]

Não sabias? É um clássico. Então no auge da crise asiática, seguia-se o Japão para saber se a nossa Bols aia abrir a subir 3% ou a cair 3%. E esse intervalo para o almoço cortava o ritmo e fazia muitos d enós ir dormir.

Um abraço,
Ulisses

[Elias]

Hoje descobri que a bolsa de Tóqui fecha sempre para almoço.

Abre duas horas de manhã e das horas e meia de tarde. E chega.

http://en.wikipedia.org/wiki/List_of_ma ... ning_times


P.S. - Os futuros de Tóquio já caem 3,4%

[charles]

Os futuros do dax já mexem e caem perto de 80 pontos relativamente a sexta-feira o que leva a crer que amanhã isto deve estar vermelho para a Europa, embora 80 pontos não seja nada de especial.

[charles]

Acho que amanhã deve abrir vermelho, mas não devido à europa e sim devido ao Japão, acho que durante o fim de semana o mundo despertou para a gravidade da catastrofe, a juntar a esta o perigo nuclear, não sei se vai ser o suficiente para arrastar os states e a europa, mas pelo menos as praças asiáticas vão ficar vermelhas....

Acho que o mundo vive um caldeirão de problemas quer de âmbito económico, social, humanitário, catastrofes naturais de dimensão apocaliptica, guerras com as revoltas no médio oriente e norte da África etc...isto são puras constatações.

PS mas eu sou suspeito porque fiquei bear na sexta-feira .

[Lion_Heart]

Vamos ser racionais. Japão cai porque tem que cair, é obvio , o País foi severamente afectado e vai custar muitos biliões e tempo para reconstruir.

Muitos activos que o Japão tem fora do País podem ser vendidos para o dinheiro ser repatriado e ajudar assim a reconstrução do País (assistimos a isso nos EUA , noutro contexto é claro)

Para a Alemanha e USA pode ser bom pois podem vender bens e serviços que até agora eram fornecidos pelo Japão mas que agora tem que ser substituidos por outros.

O resto é business as usual. The show must go on.

[Elias]

Bem, quase flat não é bem o termo, mas já corrigiram a % e agora cai 1 e tal % (em vez dos 2 e tal que tinha antes).

[Elias]

Helder, não ligues às % indicadas para os indices europeus, que neste site não costumam estar bem.

O Dax fechou a 6980 aprox. por isso os futuros estão quase (?) flat.

[helderjsm]

Os futuros do DAX estão mais negros do que o Nikkei?
Existe alguma exposição das empresas alemãs ao Japão?

[jarc]

O que é que o empate do Benfica conta para o campeonato. O que se passa é que os futuros estão da cor do Benfica, essa é que é essa: bem vermelhinhos!

[rufa]

Estou a ver que ficaram deprimidos com o empate do SLB

cmp

[aefernandes]

Futuros do Nikkei a cair 183 pontos:
http://www.futurespros.com/futures-inde ... 25-futures

Futuros Nasdaq -15p, SPX -8p

9691.50-286.00(-2.87%)
22:31 GMT

[Elias]

Futuros do Nikkei a cair 183 pontos:
http://www.futurespros.com/futures-inde ... 25-futures

Futuros Nasdaq -15p, SPX -8p

[paubo]

Será por isso que o Euro está tão verdinho?

Desconfio dele assim tão verdinho...

[rufa]

Stocks in Japan are poised to fall when trading resumes today while investors said that barring a nuclear disaster, the country’s worst earthquake on record is unlikely to halt the two-year bull market in global equities.

The Nikkei 225 Stock Average will slide about 2 percent when trading begins, futures show. Lost production from the Tohoku region where the quake struck might not be enough to spur a recession, Bank of America Corp. said. Bank of Japan Governor Masaaki Shirakawa told reporters he’s ready to unleash “massive” liquidity starting this morning in Tokyo to assure financial stability.

“The purely economic consequences will be modest: some reconstruction, some more government spending,” said Charles de Vaulx, a manager at New York-based International Value Advisers LLC, where he co-manages the $1.8 billion IVA International Fund including Japanese stock. “No major international consequences, either, except maybe helping drive long-term rates higher. We do not expect to make any significant changes to our portfolio as a result of this tragedy.”

The fastest global economic growth since 2007 and record U.S. profits that helped spur the 95 percent rally in the MSCI All-Country World Index of 45 nations should be intact, investors said. While the quake adds to concerns such as violence in Libya and Europe’s debt crisis, shares may benefit from reduced inflation expectations as damage to oil refineries curbs demand for crude.

Miyagi Prefecture
The temblor and subsequent tsunami may have killed 10,000 people in Miyagi prefecture north of Tokyo, national broadcaster NHK reported, citing local police. The official toll reached 977, with 739 more missing and 1,683 injured, the National Police Agency said.

Radiation levels around the Tokyo Electric Power Co. station in Fukushima, 135 miles north of the capital, rose after cooling systems at a second reactor failed, heightening concerns about a possible meltdown following an explosion there March 12. Water levels fell at a third reactor, raising the possibility of a hydrogen explosion, Japan’s top government spokesman said.

The Nikkei 225 tumbled 1.7 percent to 10,254.43 by the close March 11, which came 14 minutes after the 8.9-magnitude quake devastated areas of northeast Japan. Yen-denominated Nikkei 225 futures expiring in June ended at 9,955 in Singapore, down from the previous close of 10,075.

Japan ETF

The iShares MSCI Japan exchange-traded fund dropped 1.7 percent in the U.S. on March 11. American depositary receipts of Tokyo-based Tokio Marine Holdings Inc., Japan’s largest property and casualty insurer by market value, plunged 8.2 percent, the most in two years. Tokyo-based Honda Motor Corp. and Nissan Motor Co. of Yokohama fell more than 2.2 percent.

Hitachi Ltd. of Tokyo, a maker of nuclear-power plants, slipped 2.2 percent in the U.S. Tokyo Electric is using sea water to cool three reactors and prevent damage to the chambers holding radioactive cores. Its shares fell 1.5 percent to 2,121 yen on March 11.

“Our view on Japan is still the same,” said David Herro, chief investment officer of international equities at Harris Associates, which oversees $65 billion in Chicago. “When you look at the valuation of Japanese companies, if you look at what’s happening with Japanese managements in terms of improving operating efficiency, we’re still excited about the Japanese equity market.”

Price Limits
The Tokyo Stock Exchange has a system of price limits that curbs how much stocks can rise or fall in a single day. The restrictions are determined based on the previous day’s closing price, according to the TSE website.

Global stocks ended little changed on March 11 as declines of 0.7 percent or more in China, Hong Kong and Australia were offset by a 0.7 percent advance in the Standard & Poor’s 500 Index. The MSCI All-Country gauge rose less than 0.1 percent to 336.73. U.S. shares were boosted by a 1.5 percent drop in oil spurred by speculation the temblor would curb demand in the world’s third-biggest oil-consuming country.

“If this causes market values to go substantially lower, we’ll use this as an opportunity to buy quality at lower price,” Herro said. “Very little of this will ultimately impact the long-term price of the companies we own.”

Quake’s Impact

Investors are trying to assess whether the quake will hurt Japan’s economy enough to derail worldwide growth spurred by more than $12 trillion pumped into the financial system by governments and central banks since 2008. Global gross domestic product is forecast to expand 4.4 percent this year and 4.5 percent in 2012, according to the Washington-based International Monetary Fund.

Japan accounted for $5.4 trillion, or 8.7 percent, of world GDP in 2010, when the global economy expanded by 5 percent, the fastest pace since 2007, the IMF said. Japan may expand 1.5 percent this year, the fifth-worst rate among the world’s 24 developed nations, according to the IMF’s World Economic Outlook from October.

“If you’re talking at the level of the global economy, I’d say it’s very limited,” said Michael Shaoul, chairman of Marketfield Asset Management, which oversees $1 billion in New York.

Equity bulls are counting on record U.S. earnings. Profit for S&P 500 companies will total $96.68 a share this year, according to the average analyst estimate in a Bloomberg survey.

Crude Futures
A 17 percent increase in crude futures trading in New York since Feb. 18 has helped push the S&P 500 down 2.9 percent from its 32-month high of 1,343.01, data compiled by Bloomberg show. The oil contract retreated March 11 after a storage-tank fire shut Cosmo Oil Co.’s 220,000 barrel-a-day refinery in Chiba, outside Tokyo, and JX Nippon Oil & Energy Corp. closed refineries in Sendai, Kashima and Negishi.

“Japan is one of the largest economies in the world, so right now it may ease some of the global inflationary pressures because it lowers the demand for oil and materials,” said Patrick Legland, the Paris-based global head of research and strategy at Societe Generale SA, which oversees about $300 billion.

The earthquake is the latest shock to an economy that has the fastest-aging population in the developed world and has been mired in deflation for much of the past two decades. The Nikkei 225 has fallen 74 percent since December 1989 as land prices tumbled to about half their peak levels in the late 1980s. The country’s real GDP grew at an average 0.8 percent pace in the past 10 years, compared with 1.7 percent in the U.S.

Yen Levels
The benchmark index for Japanese stocks lost 3 percent last year as the yen at its strongest annual average level against the dollar since at least 1971 dimmed the outlook for export earnings. The country depends on demand from China and the U.S., the destination for 35 percent of Japanese shipments.

Japan avoided an economic contraction following the 1995 Kobe earthquake that killed more than 6,000 people because factories from outside the affected region were able to offset lost production, according to a March 11 research note from Masayuki Kichikawa and Setsuko Yamashita, economists at Bank of America in Tokyo. Extra supply capacity may limit the quake’s drag on GDP to as little as 0.2 percentage points, they wrote.

“If you look at the history of earthquakes, they rarely cause permanent downturns in an economy and often the rebuilding efforts give rise to renewed economic activity,” said Komal Sri-Kumar, who helps manage $116 billion as chief global strategist at TCW Group Inc. in Los Angeles. “My expectation is that we’re talking about one or two quarters of downturn in Japan and no long-term impact. If the market goes down significantly, it’s an opportunity to buy.”

Few Options

The ruling Democratic Party of Japan has few options to offset any growth that is lost to the quake. The Ministry of Finance projected in January that government debt will increase 5.8 percent to a record 997.7 trillion yen ($12.2 trillion) in the year starting April 1.

Bank of Japan interest rates are near zero and the country’s borrowing costs are the lowest in the developed world. Government bonds maturing in 10 years yield 1.27 percent, while the yen has depreciated against 12 of the 16 most-traded currencies this year, dropping 4.8 percent versus the euro and 0.9 percent against the dollar.

Japan’s economy shrank more than the government initially estimated in the fourth quarter because of a downward revision to capital investment and consumer spending. Moody’s Investors Service lowered its outlook on Japan’s Aa2 debt rating last month on concern about the government’s ability to tackle the world’s biggest public-debt burden.

Economic Stimulus
“The big problem in Japan is that the government has been trying to stimulate the economy for so long that it doesn’t have a lot of gunpowder left,” said Tim Hartzell, who oversees $300 million as chief investment officer for Houston-based Sequent Asset Management, which invests in Japanese stocks through exchange-traded funds. “Japan hasn’t had any economic growth for years, and there’s no domestic demand.”

Wood, steel and construction companies may benefit from rebuilding in Japan, said Peter Sorrentino, who helps oversee $14.4 billion at Huntington Asset Advisors in Cincinnati.

Weyerhaeuser Co., a Federal Way, Washington-based owner of timberland, rallied 6.2 percent to $24.38 in the U.S. on March 11 for the biggest rally since July 12. Seattle-based Plum Creek Timber Co. rose 2.4 percent, the most since Dec. 1, to $41.52.

Posco ADRs
American depositary receipts of Pohang, South Korea-based steelmaker Posco advanced 2.1 percent. Komatsu Ltd.’s ADRs climbed 0.3 percent to $30.75 after the shares fell 2.3 percent in Japan. It is the world’s second-largest maker of construction equipment. Peoria, Illinois-based Caterpillar Inc., Komatsu’s competitor, added 1.7 percent to $100.02.

“It was very specific infrastructure-type companies that people suddenly said, ‘Wait a minute, these guys will benefit,’” Sorrentino said.

Fukuda Corp., Ueki Corp., and PS Mitsubishi Construction Co., all of which are construction companies based in Japan, surged in the final minutes of trading on March 11 as the quake drove the Nikkei 225 down 1.7 percent.

Fukuda rose 30 percent, the most among 1,666 stocks in the Topix, to 213 yen. The Niigata City-based construction company jumped 52 percent in the two days following a magnitude 6.4 quake in October 2004 and rallied 20 percent in a single session after a 6.8-magnitude temblor in July 2007, according to data compiled by Bloomberg and Wolfram Alpha LLC.

Ueki, a general contractor in Kashiwazaki, soared 23 percent to 165 yen for the second-largest gain in the Topix. PS Mitsubishi, a Tokyo-based maker of concrete, jumped 18 percent to 298 yen.

The Nikkei 225 has lost 5.6 percent since its 2011 peak on Feb. 21. The index’s gain since the bottom in global stocks 24 months ago is 45 percent, versus a 95 percent advance in the MSCI All-Country World Index, data compiled by Bloomberg show.

“People may move away from risk assets and fly to bonds in the short term,” said Tomomi Yamashita, an analyst at Shinkin Asset Management Co., which oversees about $6 billion, on March 11. “This doesn’t mean Japan’s economy itself will break down. With earthquakes, things go back to normal after a few months. So investors’ risk aversion will probably only last for a short while.”

To contact the reporters on this story: Nick Gentle in Hong Kong at ngentle2@bloomberg.net; Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net; Rita Nazareth in New York at rnazareth@bloomberg.net

To contact the editors responsible for this story: Nick Gentle at ngentle2@bloomberg.net; Nick Baker at nbaker7@bloomberg.net

CMP

[helderjsm]

De ajuda foi liberado e portanto como o problema de momento está resolvido(?!), empurrou-se o problema para a frente, mas que vai estoirar vai mas não já.......

Fonix prever que vai existir um Bear Market é de génio mesmo. Nunca pensei que tal situação pudesse acontecer.

Olha eu prevejo que vai haver um Bull Market a seguir ao Bear Market (a menos que o mundo ou a bolsa acabe antes). Ainda me vão chamar o grande génio aqui da bolsa

[Elias]

Será por isso que o Euro está tão verdinho?

[ocart]

De ajuda foi liberado e portanto como o problema de momento está resolvido(?!), empurrou-se o problema para a frente, mas que vai estoirar vai mas não já.......

[Fingerspitzengefuhl]

Confesso que adoro Bear Markets e velas vermelhas... Mas primeiro é melhor esperar pela inversão do trend e só depois procurar bons setups para entrar curto.

"O Mundo não acaba hoje".

[aaugustobb_69]

aproxima-se a todo o vapor. Sim, os mercados como vão reagir, amanhã, a esta crise que assola o país . A crise política está instalada e as eleições antecipadas estão garantidas... os cenários para lá chegar é que ainda não estão visíveis . A Europa e os nossos credores como se vão comportar ? E principalmente,como vai a bolsa reagir, principalmente o sector bancário, agarrem-se às cadeiras, isto vai ser assustador !

Ai..Ai..Ai..Ai...meu deus que eu estou com tanto medo...Ai..Ai..

[Mcmad]

E se uma instabilidade politica fizesse o mercado subir? Ah pois é...