DAILY

26thnovember 2013
PSI20: -0.07% DAX30: -0.11% FTSE100: -0.87% S&P500: +0,01% NIKKEI225: -0.67%
Uncertainty in business results conditions the main Portuguese Market, closing slightly lower. Galp, Jernimo Martins, EDP and EDP Renovveis recorded losses of more than 0.3%. More>> Mota-Engil shares still featured prominently in PSI 20, growing 20% in 3 days, after the announcement on Thursday of their good results and the stock market sale of its African subsidiary. More>> The sales of EDP and REN registered a capital gain of 663 million Euros, allowing an improvement of 53% in the results of the public companies. More>> European equities closed lower on Tuesday following lower-than-expected U.S. consumer confidence data and mixed corporate earnings which saw Remy Cointreau and Hugo Boss fall. More>> BoE Governor said theres plenty of spare capacity in the U.K. labor market as he repeated that officials wont rush to raise interest rates even if the jobless rate reaches their 7 percent threshold . More>> In a report, Italian National Institute of Statistics said that Italian Consumer Confidence rose to 98.3, from 97.3 in the preceding month, with analysts expecting it to rise to 97.3. More>> U.S. stocks rose Tuesday, with the Dow posting a record finish, as better-than-expected reports on housing ignited a rally among home builders. More >> Permits for future U.S. home construction rose to their highest level in nearly 5-1/2 years in October, suggesting the housing market recovery remained intact despite recent signs of slowing down. More >> Confidence among U.S. consumers unexpectedly declined in November to a seven-month low as Americans grew more pessimistic about the labor-market outlook. More >>

Asian shares were mixed in rangebound trade following a flat finish on Wall Street overnight and as investors await new catalysts to direct sentiment. More>> Some Bank of Japan board members said they saw risks to the country's economy and prices as tilted to the downside underscoring lingering pessimism within the board. More>> Industrial production in Singapore fell more-than-expected in October to 8.0% from the 9.2% registered in the previous month, while the market expected the industrial production to maintain the level. More>>

OIL (WTI 93.86$/bl; -0.59%; Brent 110.88$/bl; -0.09%): Oil prices moved sideways in choppy trading after investors digested a multilateral accord that saw Iran agree to limit its nuclear activities. More >> GOLD (1242.15$/oz t; -0.85%) and COPPER (3.210$/lb; -0.82%): Gold and Copper futures were little changed in rangebound trade on Tuesday, investors looked ahead to key U.S. economic data due later in the session to gauge the strength of the economy and the need for stimulus. More on Gold>> More on Copper>> Copper futures were little changed in rangebound trade, investors looked ahead to U.S. economic data to gauge the strength of the economy and the need for stimulus. More >>

DISCLAIMER: Daily Briefs contains a summary of financial news covered on conventional news services around the world. Daily Briefs coverage of subjects is based on t whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.