DAILY

4th June 2013

PSI20: +1.27% DAX30: +0.12% FTSE100: +0,51%% S&P500: -0.55% NIKKEI225: +2.05%
Leadership change in PT doesnt ease direct competition - Rodrigo Costa, CEO of ZON. He praised the company strategy and congratulated old partner with her moving to OI . More>> Roubini claims that Portugal has enough austerity measures. It is a general sentiment in the streets and may be a problem in the implementation of structural reforms. More>> PSI 20 leads gain around Europe with an appreciation of 1,27%. PT had a major role by increasing more than 6%. There was a general uptrend in Europe. More>> European stocks rose, rebounding from a one-month low, as Federal Reserve Bank of Atlanta President Dennis Lockhart said the central bank is committed to its stimulus program. More>> European Parliament lawmakers will delay voting on rules to curb fund manager bonuses as they continue to tussle over details of the plans. More>> Germany has secured French support to delay rules on direct bank aid from the euro areas firewall fund, calling into question when the tool will be available, according to two European officials. More>>

U.S. stocks fell, snapping a streak of 20 straight Tuesday gains for the Dow Jones Industrial Average, as economists predicted the Federal Reserve may reduce stimulus as soon as September. More>> The trade deficit in the U.S. widened in April, reflecting a rebound in imports of consumer goods and business equipment that eases concern about the degree of slowing in economic growth. More>> IBM, the worlds largest seller of computer services, agreed to buy SoftLayer Technologies Inc., a cloud computing storage provider that will help it compete with Amazon.com. More>>

Asian stocks ended mixed on Tuesday with Nikkei leading gains by 2% and ASX 200 gaining traction after the Australian central bank left the door open for future easing at its policy meeting. More>> Spending by Japans biggest companies dropped 4.9 percent in January-March, the biggest decline since the quarter after the March 2011 earthquake. More>> Even as the Reserve Bank of Australia (RBA) left its key interest rate steady at a record low on Tuesday, analysts bet it would ease monetary policy soon to bolster the economy from an imminent peak in mining investment. More>>

OIL (WTI 93.84 $/bbl; +0.75% / Brent 103.50 $/bbl; +1.32%): Oil prices increased on prospects for a weaker dollar and reports of supply snags in the North Sea. More>> GOLD (1398.65 $/oz t; -0.95%): Gold prices dropped after the dollar rebounded on talk Japan may further stimulate its economy. Talk of physical demand waning in India fueled the selloff as well. More>> COTTON (84.39 $/lb; +2.48%): Cotton prices rose as the U.S. Department of Agriculture said Monday that nearly 82% of the its crop was planted, below the 87% planted in the same week a year earlier. More>>

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