DAILY

5th September 2013

PSI20: +0.85% DAX30: +0.48% FTSE100: +0.89% S&P500: +0.12% NIKKEI225: +0.08%
Portuguese government bond yields rose, with the 10-year ones reaching 7.001%, on expectations that the Federal Reserve remains on course to taper stimulus programs this month. More>> PSI 20 rose by 0.85%, with PTs stock price increasing by more than 4%, on expectations that the major world economies are recovering. More>> Mercer Total Compensation Portugal 2013 indicated that wages decreased for the second consecutive year, with special focus on the companies top positions. More>> European Central Bank (ECB) President Mario Draghi reiterated on Thursday that the central bank would not participate in any further debt relief for Greece. More>> European stocks climbed as European Central Bank President restated that interest rates will stay low for an extended period. More>> Leaders of the Group of 20 meeting in Russia will consider endorsing a strategy for long-term economic growth that emphasizes steps such as infrastructure spending and job training. More>>

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Stocks eked out gains for a third-consecutive session, with the 10-year note yield pushing closer to the psychological threshold of 3%, as investors digested a flurry of economic reports. More>> The pace of growth in the U.S. services sector accelerated in August to its fastest pace in almost eight years. A separate report showed that new orders for U.S. factory goods dropped in July. More>> Weekly jobless claims continued their decline, consistent with an improving climate that likely does not deter the Fed from its intention to begin a pullback on its monthly asset purchasing program. More>>

Otsuka Holdings Corporation, the maker of the mood-stabilizing drug Abilify, plans to buy Astex Pharmaceuticals Inc. for as much as $886 million to expand into cancer medicines. More>> Indias rupee jumped after the new central bank governor took steps to boost dollar supply and lawmakers moved closer to allowing foreign investment in pension funds. More>> The Bank of Japan kept monetary policy steady on Thursday and revised up its assessment of the economy, encouraged by growing signs the benefits of its stimulus policy are broadening. More>>

OIL (WTI 108.20 $/bl; +0.77% / Brent 115.45 $/bl; +0.36%) and Gold (1389.40 $/oz t; -1.74%): Oil rose and gold fell after better-than-expected economic indicators out of the U.S. labor and service-sector markets painted a picture of a more robust U.S. economy. More on Oil>> More on Gold>> NATURAL GAS (3.575 $/MMBtu; -2.63%): Natural gas prices dropped on Thursday after official U.S. data revealed the nation's inventories rose more than expected last week, though increasingly active Atlantic hurricane activity curbed losses. More >>

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