Noticias de Hoy

NEW YORK (Reuters) – Stocks rose at the open on Monday on upbeat factory data from China, putting the S&P 500 on pace for its fourth straight gain, but concerns over budget dealings in Washington are expected to keep traders cautious. The Dow Jones industrial average gained 49. 53 points, or 0. 38 percent, to 13,075. 11. The Standard & Poor’s 500 Index rose 6. 60 points, or 0. 47 percent, to 1,422. 78. The Nasdaq Composite Index climbed 19. 20 points, or 0. 64 percent, to 3,029. 44. (Reporting by Chuck Mikolajczak, editing by Nick Zieminski)

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TOKYO (Reuters) – Asian shares and the euro rose on Monday as further signs of a stabilizing Chinese economy boosted investor risk appetite, but gains were capped by worries that an impasse in U. S. budget talks could tip the world’s largest economy into recession. European shares will likely track Asian shares higher, with financial spreadbetters predicting London’s FTSE 100 , Paris’s CAC-40 and Frankfurt’s DAX to open up as much as 0. 5 percent. A 0. 2 percent rise in U. S. stock futures also hinted at a firm Wall Street open. The euro hit a six-week high against the dollar at $1. . . .

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NEW YORK (Reuters) – More mannequins are on the floors of J. C. Penney stores. About 40,000 more. They are one of the most visible changes J. C. Penney Co Inc Chief Creative Officer Michael Fisher has made to try to revive the 110-year-old department store chain, whose sales plunged 26. 6 percent last quarter and whose shares have tumbled more than 50 percent this year. Penney has a plan to transform its 700 larger stores by 2015: each store will contain 100 boutiques, offering brand-name fashion and home merchandise ranging from Levi’s to PVH Corp’s Izod to Martha Stewart. . . .

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WASHINGTON (Reuters) – President Barack Obama’s top fiscal negotiator pressed Republicans on Sunday to offer specifics on deficit reduction, and predicted they would agree to raise tax rates on the rich to secure a year-end deal to avoid possible economic doom. Treasury Secretary Timothy Geithner said "I can’t promise" that the United States won’t go over a looming "fiscal cliff," triggering automatic tax hikes for most Americans and deep spending cuts in early 2013. He insisted it is up to Republicans. . . .

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WASHINGTON (Reuters) – Outgoing U. S. Securities and Exchange Commission Chairman Mary Schapiro delayed immediately implementing a rule to lift a ban on broader-based advertising for private placements in part because she feared it would tarnish her legacy as a pro-investor leader of the agency, internal SEC emails obtained by a U. S. House of Representatives oversight panel show. . . .

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PARIS (Reuters) – The euro zone is in the recovery room now the danger of a Greek default has been averted for a couple of years, but it is not yet safe from a Japanese-style “lost decade”. The currency area’s escape route hinges more on the pace of expansion in the United States and China, lifting the world economy, than on the policy mix in Europe, which will continue to favour austerity over growth in 2013. . . .

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CHICAGO (Reuters) – Three top Federal Reserve officials on Saturday offered sharply different takes on the U. S. central bank’s unprecedented efforts to push down long-term borrowing costs, highlighting what may be some key themes at the Fed’s upcoming policy-setting meeting. Charles Evans, the dovish president of the Chicago Fed, made no bones about his view that more policy accommodation is needed, repeating his call for keeping rates low until unemployment falls to at least 6. 5 percent, as long as inflation does not threaten to rise above 2. 5 percent. . . .

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HATFIELD, Pennsylvania (Reuters) – With barely a month left before the "fiscal cliff," Republicans and Democrats remained far apart on Friday in talks to avoid the across-the-board tax hikes and spending cuts that threaten to throw the country back into recession. While President Barack Obama visited a Pennsylvania toy factory to muster public support for tax hikes on the rich, portraying Republicans as scrooges at Christmas time, his primary adversary in negotiations, Republican House Speaker John Boehner, continued to describe the situation as a stalemate. . . .

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PARIS (Reuters) – European Central Bank policymaker Benoit Coeure urged euro zone governments on Saturday to forge a closer political union, arguing "the euro is a currency with a state" whose branches of government need more clearly defining. Praising the deal reached earlier this week to reduce Greece’s debt burden as an unprecedented commitment by euro zone governments to keep the crisis-wracked state within the single currency, Coeure told an economic forum in Paris there needed to be closer political coordination to manage crises. . . .

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NEW YORK (Reuters) – In normal times, next week’s slew of U. S. economic data could be a springboard for a December rally in the stock market. December is historically a strong month for markets. The S&P 500 has risen 16 times in the past 20 years during the month. But the market hasn’t been operating under normal circumstances since November 7 when a day after the U. S. election, investors’ focus shifted squarely to the looming "fiscal cliff. . . .

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