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DAILY

3rd February 2014


PSI20: -2.57% DAX30: -3.44% FTSE100: -1.49% S&P500: -0.74% NIKKEI225: -1.27%
The PSI20 dropped 2.57% to 7 190.05 points, following the European Indexes downward trend. The index edged lower on Monday, as 19 out of 20 of its components fell due to investors concerns regarding the tension between Russia and Ukraine, and the threat of Western sanctions against Russia. More >> According to data released by the National Statistical Institute of Portugal, industrial production slowed down in January, by increasing 3.9% YoY, after a growth of 5.7% YoY last December. However, month-onmonth, manufacturing activity increased 0.1% in January after a slide of 0.2% in December. More >> European stocks plunged the most in more than a month, retreating after reaching a six-year high last week, as investor concern increased that the escalating tension in Ukraine will hurt corporate earnings. The STOXX Europe 600 Index dropped 2.3 percent to 330.36 at the close of trading. More >> The euro zones manufacturing PMI rose unexpectedly last month, data showed on Monday. In a report, research group Markit said the euro zones manufacturing PMI rose to 53.2, from 53.0 in the preceding month. Analysts had expected the euro zones manufacturing PMI to remain unchanged at 53.0. More >>

U.S. stocks declined sharply on Monday, sliding along with other global equities, as worries about Russian intervention in the Ukraine has investors fleeing assets perceived as risky. More >> U.S. manufacturers in February rebounded from a weather-hobbled January although production contracted, according to data released Monday by the Institute for Supply Management. More >> Personal spending rose 0.4% in January, above expectations for an increase of 0.1%. Personal spending for December was revised down to a 0.1% gain from a previously reported increase of 0.4%. More >>

Asian stocks fell and measures of equity volatility surged amid escalating geopolitical tension over Ukraine and after an official gauge of Chinese manufacturing dropped to an eight-month low. More >> Capital spending by Japanese companies rose less-than-expected in the last quarter. Japanese capital spending rose to an annual rate of 4.0%, from 1.5% in the preceding quarter. More >> Australian Bureau of Statistics said that Australian CGOP fell to a seasonally adjusted 1.7%, from 4.3% in the preceding quarter whose figure was revised up from 3.9%. More >>

GOLD ($1350.90/lb; +0.94%): Gold prices shot up on Monday amid safe-harbor demand from investors fleeing paper currencies due to the Ukraine crisis. More >> WHEAT ($634.50/lb; +5.68%): Wheat climbed the most since 2012 since September as tensions escalated in Ukraine, a leading exporter of both grains. More >> NATURAL GAS ($4.512/Mmbtu; -4.02%): Natural gas futures edged lower after updated weatherforecasting models called for a break in frigid temperatures across the eastern U.S. 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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