Noticias de Hoy

NEW YORK (Reuters) – The S&P 500 suffered its worst decline since November 7 on Monday in a sharp reversal from initial gains as elections in Italy stoked concerns that a divided parliament could disrupt the country’s fiscal reforms and the euro zone’s stability. Based on the latest available data, the Dow Jones industrial average slid 216. 40 points, or 1. 55 percent, to end unofficially at 13,784. 17. The Standard & Poor’s 500 Index dropped 27. 75 points, or 1. 83 percent, to finish unofficially at 1,487. 85. The Nasdaq Composite Index lost 45. 57 points, or 1. . . .

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NEW YORK (Reuters) – U. S. stock index futures pointed to a higher open on Monday, suggesting the equity rally was intact despite concerns that the Federal Reserve could curtail its stimulus for the economy sooner than many expected. Stocks have been strong performers so far this year, with the S&P 500 jumping 6. 2 percent in 2013 to hover around its highest levels since 2007. That has prompted many to predict a pullback, but so far declines have been neutralized as investors use any dip as a buying opportunity. . . .

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TOKYO (Reuters) – Asian shares edged higher on Monday but prices were capped by uncertainty facing the global economy after a private survey showed Chinese manufacturing activity retreated from two-year highs this month. China’s HSBC flash purchasing managers’ index (PMI) for February slipped to a four-month low of 50. 4 and down from January’s final reading of 52. 3, which had been the best performance since January 2011. But the PMI on Monday showed a fourth consecutive month of expansion, confirming that the world’s No. 2 economy is recovering, albeit slowly. . . .

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MILAN (Reuters) – Investors are awaiting the outcome a wide open Italian election that could trigger a sell-off in stocks and bonds and renew concerns about the euro if the polls bring an unstable government. Polling stations open for a second and final day on Monday and exit polls will be published soon after they close at 3 p. m. (1400 GMT). Opinion polls have suggested the center-left Democratic Party (PD) of Pierluigi Bersani could secure a narrow victory in the recession-hit country, the euro zone’s third-largest economy. . . .

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WASHINGTON (Reuters) – With five days left before $85 billion is slashed from U. S. government budgets, governors and lawmakers from both parties said the White House and Congress should pull out the stops to avert indiscriminate cuts. Republicans, who are seeking spending cuts, urged President Barack Obama to apply what’s known as the "sequester" in a more careful way, rather than slashing budgets across the board. Congress returns on Monday after a week-long recess and unless lawmakers reach a deal with the White House to postpone the cuts, they will take effect on March 1. . . .

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TOKYO (Reuters) – Asian Development Bank chief Haruhiko Kuroda is leading the race to become the new governor of Japan’s central bank, according to media reports on Sunday, as Prime Minister Shinzo Abe nears a decision on who will head the bank’s fight against deflation. The government has said it will decide its nominee this week and Abe was expected to huddle with aides to reach a final decision after returning from a U. S. trip on Sunday. Still, whoever Abe nominates is not certain to get the job because the appointment must be approved by both houses of parliament. . . .

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(Reuters) – The Royal Bank of Scotland will unveil plans next week to float a portion of its stake in U. S. retail bank Citizens Financial Group Inc, the Telegraph newspaper reported late on Friday. A full sale of Providence, Rhode Island-based Citizens could raise more than 8 billion pounds ($12. 21 billion) for Britain’s largest state-backed lender, which has been under pressure from regulators to strengthen its balance sheet. . . .

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LONDON (Reuters) – Britain’s finance minister insisted on Saturday he would not change course after the loss of the country’s ‘AAA’ credit rating but George Osborne is facing pressure to do just that as his bet on austerity falters ahead of the 2015 election. Moody’s dealt Britain its first sovereign rating downgrade on Friday, saying the $2. 5 trillion economy faced years more sluggish growth and debt would continue to rise until 2016. . . .

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LONDON/NEW YORK (Reuters) – Britain suffered its first ever sovereign ratings downgrade from a major agency on Friday when Moody’s stripped the country of its coveted top-notch triple-A rating, dealing a major blow to finance minister George Osborne. Moody’s said weak prospects for British economic growth, which have thrown the government’s deficit reduction strategy off course, lay behind its decision to cut the rating by one notch to Aa1 from Aaa. . . .

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NEW YORK (Reuters) – Investors face another Washington-imposed deadline on government spending cuts next week, but it’s not generating the same level of fear as two months ago when the "fiscal cliff" loomed large. Investors in sectors most likely to be affected by the cuts, like defense, seem untroubled that the budget talks could send stocks tumbling. Talks on the U. S. budget crisis began again this week leading up to the March 1 deadline for the so-called sequestration when $85 billion in automatic federal spending cuts are scheduled to take effect. . . .

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