Iniciado por peterpan2006

Y la oferta es de 800.000 viviendas nuevas...

Iniciado por mlg

X = 97050 pisos vendidos al año

Iniciado por El paleto

Destacar que no es que esta caída es superior a la que se esperaba, lo que indica que el empeoramiento del sector continua.

De todas formas, creo que en España la caída es ya mucho mayor al 9 %, puesto que se llega a hablar del 70 % en muchos casos.

¿Si una leve caída en USA, ha liado la que ha liado, qué ocurrirá con la economía española ante un descenso tan desmedido de las ventas?

Dollar's Share of Currency Reserves Falls, IMF Says (Update3)

By Christopher Swann and Kevin Carmichael

Dec. 28 (Bloomberg) -- The dollar's share of global foreign-exchange reserves fell to a record low in the third quarter as demand for U.S. assets waned after the subprime- mortgage market collapsed.

The dollar accounted for 63.8 percent of reserves at the end of September, down from 65 percent three months earlier, the International Monetary Fund said today in Washington. The euro's share rose to 26.4 percent from 25.5 percent. IMF quarterly figures go back to 1999, the year the euro was introduced.

The figures suggest central banks diversified out of the dollar as it fell to the lowest level in a decade. Investors sold a record amount of U.S. securities in August when defaults on subprime mortgages rippled through financial markets and the Federal Reserve signaled it would cut interest rates.

``The dollar seems to be losing, at least to some small extent, its favored status,'' said David Powell, a currency strategist at IDEAglobal in New York. ``Foreign central banks aren't necessarily shunning dollar assets, but they were more attracted to other currencies.''

China, Russia and other countries with trade surpluses or rising energy-export earnings are setting up so-called sovereign wealth funds to increase earnings on their reserves. Speculation also intensified in the third quarter that Saudi Arabia, United Arab Emirates and other Middle Eastern nations would follow Kuwait and end their currencies' pegs to the dollar.

Total Reserves

Total foreign-exchange reserves increased in the third quarter to $6.04 trillion from $5.72 trillion at the end of June. The figures on currency allocations are based on a smaller total, $3.83 trillion last quarter, because not all central banks agree to identify the breakdown of their reserves.

The British pound's share of foreign exchange reserves rose to 4.7 percent, from 4.6 percent in the second quarter and 4.2 percent in the third quarter of 2006. The yen's third-quarter allocation dropped to 2.7 percent from 2.8 percent. The Japanese currency represented 3 percent of reserves a year earlier.

The dollar's share has declined from 71.1 percent in March 1999, while the euro's allocation has climbed from 18.1 percent.

While the dollar's share of foreign exchange reserves is declining, the size of dollar holdings has continued to rise with the gains in total reserves.

The dollar amount climbed to $2.45 trillion in September from $2.08 trillion a year before. The value of euro holdings exceeded $1 trillion for the first time, rising to $1.01 trillion from $765 billion in the third quarter of 2006.

``Small movements in the dollar's share are not very important,'' said Brad Setser, a fellow at the Council on Foreign Relations in New York who used to work at the U.S. Treasury. ``The real issue is that the amount of dollars held by central banks is rising dramatically.''

Dollar's Decline

The Fed's trade-weighted broad dollar index, a measure of the U.S. currency's value against its counterparts from the biggest American trading partners, fell as low as 100.36 in September, the weakest since 1997. Since then, it reached a record low of 97.38 on Nov. 7.

International investors have reduced their holdings of U.S. stocks and bonds since the August credit collapse hammered the values of corporate bonds and securities tied to subprime mortgages. The losses spurred by rising U.S. mortgage defaults caused banks and securities firms worldwide to write off more than $80 billion.

Foreigners were net sellers of long-term U.S. financial assets in the third quarter, U.S. Treasury figures show. Monthly sales averaged $11.8 billion in the period, compared with average net purchases of $64 billion in the previous five years.

In August, when the credit rout sparked concern that banks would curtail lending, leading to a slump in spending that would send the U.S. into recession, foreigners sold a net $40.7 billion of American stocks.

Confidence in Dollar

Treasury Secretary Henry Paulson and Fed Chairman Ben S. Bernanke expressed confidence last month that the dollar will keep its mantle as the world's top reserve currency.

``I don't see any significant change in the broad holdings of dollars,'' Bernanke said in answering questions at a Nov. 8 congressional hearing. The dollar ``remains the dominant reserve asset and I expect that to continue to be the case,'' he said.

Paulson defended the dollar in remarks to reporters on Nov. 9, at a time when it had fallen to a record low against the euro and Canadian dollar and the weakest versus Britain's pound since 1981.

``The dollar has been the world's reserve currency since World War II and there's a reason,'' said Paulson, a former Goldman Sachs Group Inc. chief executive officer. ``I put the U.S. economy up against any in the world in terms of competitiveness -- that's a fact.''

The IMF calculates foreign exchange reserves in dollars, so the euro's rise against the U.S. currency this year accounts for much of its growing share of central banks' reserves, said Meg Browne, a currency strategist at Brown Brothers Harriman in New York and a former economist at the Federal Reserve.

``If you're holding euros, and you don't do anything, your euro holdings are still going to be valued at a higher level,'' Browne said from New York. ``Total U.S. dollar holdings continued to rise. It's not apparent that central banks are diversifying out of dollars.''

Still, the value of euros held by central banks increased 8.6 percent in the third quarter from the second quarter, a period when the euro climbed 4.7 percent against the dollar, according to Powell. That suggests a ``real'' gain in euro holdings of about 3.9 percent, he said.

``The dollar diversification story is likely to stay alive through the course of 2008,'' Powell said. ``It's not something that's going to happen overnight. It's a long-term negative for the dollar.''

To contact the reporter on this story: Christopher Swann in Washington at Cswann1@bloomberg.net

Last Updated: December 28, 2007 11:11 EST

Iniciado por El_Presi

es que el 9% es respecto a octubre, el dato interanual es del 34,4%

Las ventas de automóviles en EEUU en diciembre serán las peores en los últimos 10 años, según analistas

DETROIT (ESTADOS UNIDOS), 28 (EP/AP).- Las ventas de automóviles en Estados Unidos durante el último mes del año serán las peores de los últimos diez años, según señalaron diferentes analistas del sector, que subrayaron que esta caída de las matriculaciones en el mercado estadounidense se ha visto motivada por el mayor número de días festivos de diciembre en comparación con el mismo mes de 2006.

Europa Press
28/12/2007 (19:22h.)
Los analistas especializados en el sector de la automoción afirmaron que las ventas previstas para el último mes de 2007 se espera que caigan un 4% en comparación con el mismo mes del ejercicio precedente, lo que situaría el volumen total de ventas del año en 16,1 millones de unidades, la cifra más baja desde 1998.

Así, las ventas de automóviles en el mercado estadounidense se han visto afectadas por la ansiedad experimentada por los consumidores del país, provocada por el incremento de los precios del combustible, la crisis financiera y la debilidad de la economía de Estados Unidos.

A raíz de esta reducción de las matriculaciones de vehículos en el país en 2007, los analistas señalaron que las previsiones para 2008 no son más optimistas, ya que reflejan una debilidad aún mayor del mercado estadounidense.

El economista jefe de 'Edmunds.com', Jesse Toprak, indicó que debido a la cercanía de unas elecciones presidenciales en el país y a los diferentes retos económicos que afronta Estados Unidos, no puede hacer una previsión para 2008 de un mercado automovilístico fuerte.

Por su parte, el analista de Bear Stearns Peter Nevold destacó que las ventas de automóviles en 2008 serán peores que las de 2007, debido a la actitud de los consumidores y los niveles de empleo, mientras que Robert Barry, analista de automoción de Goldman Sachs, explicó que las principales marcas estadounidenses del país reducirán sus entregas en diciembre.

Por último, dichos analistas apuntaron que los fabricantes japoneses también verán reducido su volumen de ventas en diciembre en Estados Unidos, principalmente por la caída de la demanda en el Estado de California.


| 28/Dic/2007 19:21:14 (EUROPA PRESS) 12/28/19-21/07 "

Iniciado por mlg

X = 97050 pisos vendidos al año

The situation could be even more severe in Spain, which in recent years has been a star of economic growth and job creation among the 13 European Union countries who have adopted the common currency euro. But much of that growth was fueled by a consumer spending boom and a housing market where values have more than doubled in the past seven years.

An estimated 98 percent of Spanish home loans are adjustable-rate loans, and nervous Spanish banks have tightened credit and raised rates so quickly that Prime Minister Jose Luis Rodriguez Zapatero virtually begged national lenders not to retract too quickly and send the economy into a tailspin.

The International Monetary Fund recently cut its 2008 growth estimate for Spain from 3.4 percent to 2.7 percent, and many private economists think even that is too optimistic.