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DAILY

7TH January 2014


PSI20: +2.46% DAX30: +0.83% FTSE100: +0.37% S&P500: +0.61% NIKKEI225: -0.59%
PSI-20 kept on growing with BES, BPI, BCP and Banif accelerating more than 4% after the fall of the Portuguese sovereign risk in the secondary market. More >> The differential between yields of German 10-year bonds and Portuguese is at the level of December 2010, it shortened to 348 basis points. More >> The Portuguese business world of 2013 had more openings, fewer bankruptcies and less closures than the previous year. More >> European stocks rose, sending the Stoxx Europe 600 Index to its highest level since May 2008, as Ireland returned to the bond market after completing a bailout program. More >> German unemployment fell for the first time in five months in December, signaling increased confidence by the nations companies even as pricing power in the euro area remained subdued. More >> In a report, Eurostat said consumer price inflation increased by a seasonally adjusted 0.8% last month, down from 0.9% in November. Economists had expected an unchanged reading. More >> Stocks closed higher with the S&P 500 halting a three-session drop, as investors took an optimistic stance ahead of Friday's jobs report and fourth-quarter earnings, which start in earnest this week. More >> JPMorgan Chase&Co. will pay $2.6B to resolve criminal and civil allegations that it failed to stop Madoffs scheme, putting banks on notice that they may be punished for their clients misdeeds. More >> The U.S. trade deficit fell to a four-year low in November as exports hit another record and oil imports continued to decline, boosting estimates for last quarter's economic growth. More >>

Asian stocks ended mixed as weak U.S. economic data and caution ahead of this week's key risk events weighed on sentiment. More >> Australias trade balance rose more-than-expected in December, to a seasonally adjusted 0.118B, from 0.529B in the preceding month. Analysts had expected the trade balance to rise to -0.300B. More >> Consumer price inflation in the Philippines rose more-than-expected in the last quarter to 0.7%, from 0.4% in the preceding quarter. Analysts had expected Philippines CPI to rise 0.5%. More >>

GOLD ($1231.00/oz t; -0.49%): Gold prices fell the most in a week on the dollars rally and the outlook for less U.S. monetary stimulus. More >> OIL (WTI $93.97/bl; 0.31% / Brent $107.43/bl; 0.35%): Oil prices rose after equities rose as German unemployment fell for the first time in five months. More >> NATURAL GAS ($4.330/MMBtu; +0.38%): Natural gas prices shot up on Tuesday as frigid temperatures across much of the U.S. were seen boosting demand for heating. 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.

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