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DAILY

18th December 2013
PSI20: +0.29% DAX30: +1.06% FTSE100: +0.09% S&P500: +1.66% NIKKEI225: +2.02%
 PSI-20 followed the trend of the main European markets. As it has been usual, BCP and Mota-Engil were the main triggers, growing 3.64% and 6.17% respectively. More >>  Economic activity in Portugal accelerated in October, reaching the highest level since April 2011, the month in which Portugal asked for international financial aid. More >>  Government and PS reached today an agreement, settling a rate of 17% in corporate tax rate for the first 15 thousand euros profit and created a new rate of the state surtax. More >>   European equities closed higher on Wednesday, recouping the previous day's losses, as investors prepared for the outcome of the U.S. Federal Reserve's final policy meeting of the year. More >>  In a report, the German research institute, Ifo said its Business Climate Index rose to a seasonally adjusted 109.5 in December, the highest level since April 2012. More >>  The number of people claiming unemployment benefits in the U.K. declined more-than-expected in November, while the country’s jobless rate fell to the lowest level since May 2009. More >>    U.S. stocks rose, sending benchmark indexes to all-time highs, after the Federal Reserve said it will reduce the pace of its monthly bond purchases and expressed confidence in the labor market recovery. More >>  Treasuries prices slipped after the Fed announced it would start dialing back its monthly bond-buying program by $10 billion and signaled that it may keep its key interest rate extremely low. More >>  Housing starts surged to their highest level in nearly 6 years in November, a sign of strength in the housing market that could give the Fed ammunition to start cutting back its bond purchases. More >>

 Japanese stocks outperformed on hopes that Prime Minister Shinzo Abe will unveil details on key reforms while the rest of the region was subdued before the Federal Reserve's policy outcome. More >>  Exports rose 18.4 percent marking their ninth consecutive rise as a weaker yen continues to boost global demand for Japanese goods. The reading was higher than expectations of 17.9 percent. More >>  China new home prices rose 9.9 percent and hit a fresh record growth rate in November, despite repeated measures by Beijing to cool the red-hot property sector. More >>

 WHEAT ($612.38/bu; -1.05%): Wheat prices dropped to 18-month low on speculation that higher global stockpiles will curtail demand for U.S. grain. More >>  OIL (WTI $97.88/bl; +0.34% / Brent $109.31/bl; +0.99%): Oil prices rose after Federal Reserve announcement about reduction of pace of stimulus and raised assessment for the job market. More >>  NATURAL GAS ($4.275/MMBtu; -0.47%): Natural gas prices dropped for the third time in four days on speculation that easing U.S. cold may limit demand for the heating fuel. 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.