Stocks Rise as Reports on Earnings Exceed expectations

Stocks are on the rise as corporate earnings are doing better than expected; most industries and
companies are having solid earnings.

Warren Buffett loses $1 billion this Morning!
The plunge in IBM shares Monday after its weak earnings results cost the Oracle of Omaha dearly. The
stock fell $13.06, and Buffett held about 70.2 million shares as of June 30.


GOLD ($1,246.60/oz t, +0.92%): Gold prices rose to re-approach a five-week high on Monday, as a
broadly weaker U.S. dollar boosted the appeal of the precious metal. More >>

OIL (WTI: $81.88/bl, -0.97%; BRENT: $85.3/bl, -1.29%): Crude prices edged lower in choppy trading on
Monday due to ongoing concerns that the world is awash in crude at a time when demand remains soft.
More >>

NATURAL GAS ($3,656/MmBtu, -1.72%): Natural gas futures carried Fridays losses into Monday after
updated weather-forecasting models continued to call for mild U.S. temperatures. More >>
DAILY BRIEFS
Europe shares close down, Nutreco up 40%; Adidas climbs
European shares closed lower on Monday with investors reacting to corporate earnings and acquisition
deals rather than the positive trend set in Asian markets.
SAP warns of missing profits forecast as it pushes towards cloud
SAP has lowered its operating profit forecast substantially because cloud software has driven costumers
away from packaged software.


Fall of PSI-20 harmonized by the gains recorded by the banking sector
PSI-20 follows the downward trend of Europe. Despite the strong fall of Portugal Telecom, the PSI-20
benefited from the gains registered in bank sector.

PT sinks over 10% in a day that losses reached 30%
PT had a black day with its shares sharply falling to a historical minimum. This decline was driven mainly
by the prospect that the company will recover little of the investment in Rio Forte.

20
th
OCTOBER 2014
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 the
whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.
PSI20: -0.17% DAX30: -1.50% FTSE100: -0.68% S&P500: +0.91% NIKKEI225: +3.98%
Nikkei reports biggest rise since June 2013
Japan's Nikkei share average surged 4.0 percent on Monday to post its biggest daily rise since June 2013
as investors took heart from upbeat U.S. data while the weaker yen lifted exporters.

China Growth May Slow Sharply From 2020
Chinas economic growth will slow to about 4 percent annually after 2020 following decades of rapid
expansion, according to the Conference Board.