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DAILY

14thnovember 2013
PSI20: +0.03% DAX30: +1.05% FTSE100: +0.54% S&P500: +0,48% NIKKEI225: +2.12%
In a session with constantly fluctuations between gains and losses, PSI-20 took on a slight rise of 0.03% to 6324.35 points, following the performance of the main European Markets. More>> Sonae Indstria closed the first nine months of the year with a loss of 45 million euros, even so it is an improvement of 34% compared to the 69 million negative counterpart presented in 2012 More>> The National Statistics Institute (INE) announced on Thursday that Portugal has officially emerged from recession. Portuguese GDP has grown 0.2% (QoQ), with analysts expecting a change of -0.9%. More>> European equities closed higher following dovish remarks from U.S. Federal Reserve Vice Chair Janet Yellen, who began her confirmation to become the central bank's next chairman. More>> In a report, Eurostat said that the euro zones gross domestic product grew by a seasonally adjusted 0.1% in the third quarter, below expectations for growth of 0.2%. More>> In a report, the U.K. Office for National Statistics said retail sales fell by a seasonally adjusted 0.7% in October, disappointing expectations for a 0.1% gain. Retail sales rose by 0.6% in September. More>> U.S. stocks rose on Thursday, lifting the Dow industrials and S&P 500 to their loftiest levels, as investors embraced signals sent by Janet Yellen that the Fed would continue its monetary stimulus. More >> President Barack Obama offered a one-year reprieve to Americans facing cancellation of their health-care policies, a change that the insurance industry warned may lead to higher premiums. More >> Economic reports released Thursday had more Americans than estimated filing for jobless benefits, with applications dipping by 2,000 to 339,000 last week. More >>

Japanese shares outperformed on Thursday thanks to a weaker yen while the rest of Asian investors cheered stimulus-supportive remarks from Federal Reserve Vice Chairman Janet Yellen. More>> Japan's economy grew 0.5% in the third quarter from the previous one, slowing from a 0.9% expansion in the April-June period amid weakness in exports and as consumer spending eased. More>> Chinas state-owned companies face a less comfortable future after Communist Party leaders pledged to give market forces a bigger role in the economy. More>>

OIL (WTI 93.88$/bl; +0.29%; Brent 108.13$/bl; +1.18%) and GOLD (1287.10$/oz t; +0.21%): Oil and gold prices rose on Thursday after Federal Reserve Chair Nominee Janet Yellen told lawmakers that monetary stimulus tools shouldn't be removed too soon in order to ensure recovery doesn't falter. More on oil >> More on gold >> SUGAR (17.64$/lb; -1.07%): Sugar drop as India, one of the worlds biggest maker, plans to increase production of raw variety to boost exports and trim a domestic glut, a mills group said. 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.

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