DAILY

27thnovember 2013
PSI20: +1.90% DAX30: +0.66% FTSE100: +0.20% S&P500:+0,25% NIKKEI225: -0.42%
It was a positive day for the main Portuguese Market, growing almost 2% to 6475.67 points, after Angela Merkel reached an agreement to form a coalition government in Germany. More>> Joo Moreira Rato, Chairman of the IGCP, expect to solve the "uncertainties" in the market in order to reissue long-term debt, after cancellation of the planto issue debt in December. More>> Bernstein evaluated the merge of PT and Oi and stated that the titles of PT are seen as having a potential recovery of up to 82% after the merger, which led PT to grow 4% today. More>> European stocks climbed the most in almost two weeks as a measure of German consumer confidence rose more than estimated and investors weighed U.S. reports on durable-goods orders.More>> In a report, the Confederation of British Industry said the result of its index of U.K. retailers declined to 1.0 in November from a reading of 2.0 in October, with analysts expecting it to improve to 8.0. More>> Market research group Gfkreported its index of Germany's consumer climate that rose by 0.3 points to 7.4 in December from 7.1 in November, whose figure was revised up from a reading of 7.0. More>> U.S. stocks gained on Wednesday, with a positive read on consumer confidence spreading cheer just before the holiday shopping season. Hewlett-Packard helped ignite a rally in technology shares. More >> Confidence among U.S. consumers rose last week to the highest level since early October as tensions in Washington calmed and hiring improved. More >> The number of people applying for U.S. unemployment benefits fell 10,000 to a seasonally adjusted 316,000 last week, further evidence of an improving job market. More >>

Chinese shares outperformed on Wednesday while the rest of Asian shares drifted lower in quiet trade due to profit-taking and rising political tensions in the region.More>> After a positive year for the yuan, Beijing's reform drive may knock the Chinese currency off its path of appreciation over the coming 12-18 months.More>> Thailand unexpectedly cut its key interest rate for a second time this year, as escalating anti-government protests threaten investor confidence and local demand, hurting the nations growth outlook.More>>

OIL(WTI 92.36$/bl; -1.27%; Brent 111.58$/bl; +0.49%): Crude oil fell on Wednesday after official data revealed U.S. weekly inventories rose more than markets were anticipating. Brent rose on doubts concerning a final agreement on the Irans nuclear program. More on WTI>>More on Brent>> GOLD (1237.80$/oz t; -0.42%): Gold prices edged lower after an upbeat U.S. consumer sentiment report prompted investors to take up dollar positions on sentiments the Fed remains on track to begin scaling back monetary stimulus programs in early 2014. 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.