U.S.

stocks pulled mostly higher on Wednesday, as Federal Reserve Chair Janet Yellen's testimony did
nothing to rattle investors and after Russian President Vladimir Putin signaled a willingness to talk on
Ukraine. More >>
In a report, the U.S. Bureau of Labor Statistics said non-farm business sector labor productivity fell by a
seasonally adjusted 1.7% in the first quarter, worse than expectations for a decline of 1%. The preceding
quarters figure was revised to a 2.3% gain from a previously reported increase of 1.8%. More >>


DAILY
7
th
May 2014
OIL (WTI: $100.86/bl, +1.05%; BRENT: $108.11/bl, +0.92%): Oil rose after a government report showed
that U.S. crude inventories dropped. More >>

NATURAL GAS ($4.743/MmBtu, -0.89%): Natural gas fell after investors locked in gains from a
weather-fueled rally and sold the commodity for profits. More >>

GOLD ($1289.90/ozt ,-1.35%): Gold fell the most in three weeks on speculation that the Federal Reserve
will further curb monetary stimulus as the U.S. economy recovers. 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 the
whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.
PSI20:-1.68% DAX30:+0.57% FTSE100: -0.03% S&P500: +0.56% NIKKEI225: CLOSED
Asian stocks rose, with trading volume curbed by holidays in Japan, Hong Kong and South Korea. Genting
Singapore Plc and Australias Leighton Holdings Ltd. climbed after reporting earnings. More >>
Chinas Yuan advanced, extending its rebound from an 18-month low, on speculation declines that made
the currency Asias worst performer this year were excessive. More >>
Australias central bank left its benchmark interest rate unchanged as slowing inflation and anticipated
cuts to government spending give policy makers room to support economic growth. More >>
European equities inched higher on Wednesday as positive company earnings narrowly outweighed a
sharp fall in Fiat shares over scepticism about its new business plan. The FTSEurofirst 300 index of top
European shares ended 0.1% up at 1,344.65 points. More >>
German factory orders fell unexpectedly last month, official data showed on Wednesday.
Bundesministerium fr Wirtschaft und Technologie said that German factory orders fell to a seasonally
adjusted -2.8%, from 0.9% in the preceding month. More >>
The Lisbon Stock Exchange closed the session on Wednesday, May 7, losing ground, leading slides across
Europe. The financial sector and Portugal Telecom pressured the benchmark. The PSI-20 ended at
7425.55 points, declining 1.68%. More >>
The Portuguese economy is expected to grow 1.4% this year and 1.6% in 2015, above all official forecasts
and the Eurozone average, anticipates the U.S. bank Morgan Stanley. Optimism is based on the impact of
structural reforms that have reached significant "critical mass". More >>