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6th June 2013

PSI20: -1.36% DAX30: -1.19% FTSE100: -1.59% S&P500: +0.85% NIKKEI225: -0.85%
Economic and social council agreed that an ambitious budget consolidation may not be as effective as expected, hampering economic growth and increasing recession and unemployment. More>> Government council decided to dismiss managers of public companies involved in the speculative swap contracts in CP, Metro do Porto, Carris, STCP e EGREPP . More>> Markets react negatively to Mario Draghis speech. He admitted economic fragilities in EU, yet he hasnt presented any non-conventional measure to fight them. More>> Turkish bond yields surged and stocks slumped after Prime Minister Erdogan failed to calm investor concern as anti-government protesters demonstrated for the seventh day. The lira depreciated. More>> German factory orders (GRIORTMM) fell more than economists predicted in April as Europes largest economy struggled to gain strength. More>> European Central Bank President Mario Draghi said the euro-area economy will return to growth by the end of the year, handing policy makers a reason to hold back fresh stimulus . More>>

U.S. stocks rose, with the S&P 500 Index erasing earlier losses to snap a two-day losing streak, as investors weighed the Feds stimulus plans before a report on employment growth tomorrow. More>> The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity. More>> Consumer confidence last week was unchanged near a five-year high as Americans had the least pessimistic views on the economy since 2008. More>>

Asian stocks fell to new lows on Thursday, as sentiment remained vulnerable due to ongoing volatility in Nikkei, fears of Fed tapering and caution ahead of key central bank meetings in Europe. More>> Japans five largest online brokerages posted record trading in May amid surging equity volume as the nations shares rose to the highest levels since August 2008 before tumbling into a correction. More>> Sales of Samurai bonds, yen-denominated notes sold by overseas borrowers in Japan, surged to 223 billion yen last month, the most since November, according to data compiled by Bloomberg. More>>

OIL (WTI 94.75 $/bbl; +1.04% / Brent 103.55 $/bbl; +0.59%): Oil prices rose on support from strong U.S. supply numbers and a ECB decision to hike its 2014 growth forecast. More>> GOLD (1412.75 $/oz t; +0.84%): Gold futures advanced to a 3-week high as the dollar weakened against the euro and yen, increasing demand for the precious metal as an alternative investment. More>> NATURAL GAS (3.837 $/MMBtu; -4.04%): Natural gas prices took a nose dive towards 3-month lows on Thursday after official data revealed U.S. stockpiles shot up way past expectations last week. More>>

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