DAILY

26th September 2013

PSI20: -0.01% DAX30: -0.02% FTSE100: +0.21% S&P500: -0.18% NIKKEI225: -1.22%

The Portuguese stock market has closed Thursday session with a slight drop, following the European trend. Jernimo Martins was the stock that most penalized the index. More >> The 'yield' linked to Portuguese 10-year bonds retreated 7.4 basis points to quote up to 6.985% on the secondary market, trading for the first time in 12 sessions below the psychological hurdle of 7%. More >> The Constitutional Court declared unconstitutional some of the new provisions of the Labour Code in Portugal. More >> European shares closed mixed on Thursday, as political uncertainty in Italy weighed against positive U.S. data, which ended five days of losses on Wall Street. More>> Italy's president cancelled his attendance at a political conference on Thursday, because of a "disturbing" political development that required his attention, according to various media reports in Italy. More>> U.K. economic growth accelerated in the second quarter as higher consumer spendinghelped to blunt the impact of a drop in business investment. More>>

Stocks closed modestly higher in choppy trading Thursday, with major averages avoiding a six-day losing streak, as investors digested the latest batch of economic news and developments. More>> The third quarter America Economic Survey finds nearly one in five Americans believe their health insurance costs have gone up because of Obamacare. More>> The Federal Reserve should do everything it can to bring unemployment down as quickly as possible, even at the cost of a little inflation, a top Fed official said on Thursday. More>>

Japan's Nikkei, South Korea's Kospi, Australia's S&P ASX 200 all closed at session-highs while Indian stocks rose 0.3 percent. But the Shanghai Composite underperfomed to hit a two-week low. More>> The prospect of the Federal Reserve's much-anticipated taper is hurting Asian bond markets, a report from Asian Development Bank has found. More>> Taiwan kept its benchmark interest rate unchanged for a ninth straight meeting to bols ter the islands economic recovery as inflation cools. More>>

GOLD (1323.90 $/oz t; -0.64%): Gold prices fell after better-than-expected data rekindled expectations for Fed to begin tapering the pace of its USD85 billion in monthly asset purchases. More>> OIL (WTI 102.88 $/bl; +0.55% / Brent 109.20 $/bl; +1.09%): Oil prices rose after claims for U.S. unemployment benefits unexpectedly dropped while the economy expanded at a faster pace. More>> COCOA (2607.50 $/ton; +1.74%): Cocoa swung between gains and losses as investors weighed more selling and forecasts for shortages in the season starting next month. More>>

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