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DAILY

28thOctober 2013
PSI20: +0.76% DAX30: +0.07% FTSE100: -0.08% S&P500: +0.13% NIKKEI225: +2.19%
 The Portuguese stock index advanced 0.76% today to 6196.33 points, achieving the first positive performance in five sessions. Banks were again the main triggers: BES (+3.63%), BCP (+2.88%).More>>  Portuguese Government signed today an agreement with the German bank KfW, with the aim to promote cooperation for the development of a financial institution to support Portuguese companies. More>>  Galp Energia announced today that its third-quarter profit fell 42% to 57 million euros. Analysts polled by Reuters had anticipated an outcome of 72 million in this period. More>>  European equities closed narrowly lower in a choppy trading session on Monday, as disappointing third quarter earnings weighed. However, stocks remained near 5-year highs.More>>  Italy's Treasury sold EUR2.25 billion worth of two-year government bonds at an average yield of 1.392% earlier in the day, down from 1.770% at a similar auction last month. More>>  Shares in French carmaker PSA Peugeot Citroen plummeted over 10 percent on Monday, on reports the company was planning a 3 billion euro ($4.1 billion) rights issue. More>>    Stocks finished narrowly mixed in lackluster trading Monday, as investors hesitated to jump in following a batch of mixed earnings reports and ahead of the Federal Reserve's policy-setting meeting.More >>  Industrial production rose 0.6% in September, logging its largest increase in 7 months, according to the Federal Reserve. Economists polled by Reuters had expected industrial output would rise 0.4%.More >>  Pending home sales fell 5.6% to 101.6 in September, logging the fourth-monthly decline. Economists surveyed by Reuters had expected a slightly increase.More >>

 Asian equity markets kicked off the week on a strong footing following record highs on Wall Street and as attention turned to the region's corporate earnings season.Japan's Nikkei jumped over 2 percent while the Shanghai Composite managed to reverse earlier losses to enter positive territory. More>>  China’s brokerages are betting the biggest jump in money-market rates since June’s record cash crunch is a sign of strength in the nation’s economy rather than finance-industry weakness.The central bank has refrained from injecting funds into the banking system since Oct. 17.More>>

 OIL (WTI 98.53$/bl; +1.03% / Brent 109.42$/bl; +2.30%):Oil prices rose on reports of falling exports out of Libya coupled with a bullish U.S. report revealing increasing output.More >>  GOLD (1352.90$/oz t; +0.29%):Gold prices posted cautious gains on Monday as investors bet the Federal Reserve will make no changes to its monetary stimulus programs at a two-day policy.More >>

 NATURAL GAS (3.666$/MMBtu; -2.94%): Natural gas futures slumped the most in almost five months as
meteorologists predicted milder weather that would limit heating fuel demand.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.