Increase in Stocks of the Japan for the first time in four days on U.S. housing starts

April 20, 2011, 2: 47 PM EDT by Norie Kuboyama and Satoshi Kawano

April 20 (Bloomberg) - Japanese stocks advanced near two weeks after the U.S. implemented construction increased and revenues exceeded estimates to companies, including Johnson & Johnson, the largest in the world of signaling economy is recovering.

FANUC Corp., largest maker of the Japan of industrial robots, gained 2.3%. Toshiba Corp., Advantest Corp. and other chip manufacturers and related tools of advanced after Intel Corp. sales forecast that can top estimates. Inpex Corp., most of the country's oil Explorer, rose to 3.1% increase in the price of the crude.The Nikkei 225 Stock average reached 1.8% 9,606.82 as of the close in Tokyo, the largest gain since April 8. The broader Topix advanced 1.2% to 837.17. Index has decreased about 10 per cent since the magnitude-9 earthquake and tsunami on March 11 which devastated the northeast coast of the Japan and paralyzed a nuclear power plant. "" You are seeing signs in Europe and the United States are always on the road to recovery, "said Hiroichi Nishi, a manager of shares to SMBC Nikko Securities Inc. in Tokyo. "That has helped ease the nerves."The standard & poor 500 Index gained 0.6% yesterday in New York after the Commerce Department said housing starts increased 7.2% in March from February. Work has begun on 549,000 homes, exceeding forecasts median 520 000 economists surveyed by Bloomberg News.Exporters ClimbJapan exporters gained after housing report. FANUC, a manufacturer of equipment for factory obtains approximately 80% of sales abroad, increased by 2.3% to 13,190 yen. Sony Corp., most large exporter of the Japan of electronics, increased by 0.9% to 2,458 yen. Automakers including Toyota Motor Corp., Honda Motor Co., and Nissan Motor Co. said.Shares also gained after yesterday in Europe and the US companies reported results that beat projections, help boost confidence in the global recovery. Johnson & Johnson, vendor of second largest in the world of health products, forecast earnings of 4.90 $ to $ 5 a share, better than an estimate of $ 4.80 to $ 4.90 in businesses related to the January.Chip advanced after Intel, the world's largest producer in the World Semiconductor, sales in the second quarter forecasts that high may analysts estimates. The demand for processors for powerful machines that manage Web services is outweigh personal computer slower growth, said the company based in Santa Clara, Californie.Intel stimulates the ChipmakersToshiba, the second global manufacturer of chips used to store photos and music in smartphones and other portable devicesrose 3.7% to 416 yen. Advantest, the world's largest manufacturer of semiconductor test equipment and Elpida Memory Inc., exclusive manufacturer of the Japan of PC memory, also rose.Toshiba received boost after Nomura Holdings Inc. reiterated its "buy" rating on the company, saying that chip company would drive earnings, even as sales related to nuclear energy in the fall following the disaster of last month. Shares of the company, which makes everything from semiconductors to atomic plants, have fallen 17 percent since the earthquake and tsunami that caused explosions and radiation leak in Fukushima Dai-Central Ichi of Tokyo Electric Power Co..Currency of weak Japan, giving relief to exporters in the country. The depreciated yen low as 119.67 against the euro today in Tokyo, compared with 117.24 end of stock trading yesterday on speculation, the Central Bank European will raise interest rates. Against the dollar, currency of Japan weakened the 82.44.Oil 83.10 and trading companies of such as the rise in the price of crude oil and metal. Inpex reached 3.1 per cent yen 601,000 after crude oil for may delivery gained $1.03 to $108.15 US per barrel yesterday in New York. Mitsubishi Corp., largest trader of the Japan-based products, advanced after the London Metal Exchange six metals Index had its biggest gain in nearly two weeks.

-With the assistance of Toshiro Hasegawa in Tokyo. Editors: Jason Clenfield, Nick Gentle.

To communicate with journalists for this story: Norie Kuboyama in Tokyo at the nkuboyama@bloomberg.net; Satoshi Kawano in Tokyo, at skawano1@bloomberg.net.

To contact the responsible editor of the story: Nick Gentle at ngentle2@bloomberg.net.

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Coca-Cola Femsa sale Plans before the rate increase: Mexico credit

08 April 2011, 9: 38 am EDT by Jonathan j. Levin

April 8 (Bloomberg) - Coca - Cola Femsa SAB, most major bottler of soft drinks for Latin America, plans to sell bonds peso for the first time in two years before the Central Bank begins to increase to a record low interest rates.

The bottler, known as KOF, next week will sell $ 5 billion pesos, fixed by 2021 notes-rate and variable rate due 2016 said Roland Karig, a spokesman for Mexico City. Fixed rate notes can give 105 basis points more than the debt of the Government, or 8.55%, according to the obligations of Scotia Capital Inc. similar-maturity of America Movil SAB, which shares the credit of the KOF rating - of Standard & Poorto cede 8.48%.The more rapid growth in a decade in Latin America the second largest economy is prompting traders to bet that the Central Bank will boost interest rates for reference of 4.5 per cent from the month of August. The Mexico is the only large country in the region which has not increased borrowing costs in the past year. Brazil raised rates five times and Chile nine times as pink price and materials first inflation reaches highest in over two years. "This is a good time to go to the market,"Karig said in a telephone interview. "In view of the Outlook, many banks are suggesting that in the coming months they can increase rates."Inflation OutlookWhile Mexican inflation has fallen to a minimum of four years of 3.04% in March, the pace of economic growth fueling concern that price increases will seek later this year, according to Sergio Luna, the Chief Economist unit Banamex of Citigroup Inc. in Mexico City. The economy can expand as much as 5 percent this year after growth of 5.5% in 2010, the most in a decade, the Finance Minister Ernesto Cordero said last month. "" Everybody tries to take advantage of low rates, "said Alonso Madero, that allows to manage approximately 5.5 billion of the debt to the SAB of Actinver Corp. in Mexico City. "We will definitely participate" in the sale of the debt of the KOF, he said.The Central Bank will be increasing rates 75 basis, or by 0.75 percentage point, the end points, under negotiation in TIIE or interbank rate futures contracts. A basis point is the percentage point 0, 01.Les companies may still have time to sell the debt before the head of rates, a survey showed. The Central Bank resume increases in January, according to the estimate of the median Economist in a survey on 4 April by Banamex.Rates pending "rate this year will move," said Ricardo Aguilar, an economist at Invex Casa de Bolsa SA in Mexico City. "Inflation will begin to accelerate, but within the expectations of the Banco de Mexico.".Karig, said the company will use proceeds from the sale of bond to pay the debt maturing in 2012 and reserves bolster cash. Coca - Cola Femsa has become largest franchise of the world to Atlanta--Coca-Cola Co. beverages a namesake in service in October. "Mexico City - based benefit of the KOF rose 6.9% to 3.02 billion pesos in the fourth quarter".It is on taking advantage of the market with respect to the rates and propagation, "Eduardo Uribe, an analyst with Standard & Poor in Mexico City, said in a telephone interview.Extra yield investors demand to possess links dollar instead of Treasury bills fell to 3 basis points to 127 to 9 h 27 New York time, according to JPMorgan Chase & Co .credit - default SwapsThe cost to protect the Mexican against non-payment for five years debt reaches a point of basic 101, according to CMA in New York prices. Brazilian credit default swaps remained unchanged at 107 basis points and U.S. credit - default swaps yesterday rose to basis 36.8 41.1 points. Credit-default swaps pay the buyer face value in exchange of underlying securities or the equivalent of cash if the issuer fails to comply with the agreements of the debt.The peso has gained 0.3 percent to 11.74037 per dollar. The currency is 5.1 per cent this year.Coca-Cola Femsa shares sliding 0.6 per cent pesos 94.95 yesterday. Its parent company, Fomento Economico Mexicano SAB, whose holdings include the Oxxo convenience store chain and Dos Equis beer, dropped by 0.4% to 71.16 pesos.Mexican companies sold 62.8 billion pesos in local bonds in the first quarter, faster startup on record. "" There is a sense that it is the word of interest rates, "said Luna, the Economist. "From the point of view of the corporate market, it is a good time to sell the debt".

-With the support of Andres r. Martinez in Mexico City and Thomas Black in Monterrey. Editors: Brendan Walsh, David Papadopoulos, Brenda Batten

To contact the reporters on this story: Jonathan j. Levin in Mexico at jlevin20@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos to papadopoulos@bloomberg.net

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