DAILY

3rd June 2013

PSI20: -1.39% DAX30: -0.61% FTSE100: -1.98% S&P500: +0.59% NIKKEI225: -3.72%
Semapa, the Portuguese holding company that controls cement maker Secil, is focused on building a cement plant in Brazil as home consumption continues to slow, a board member said. More>> Risk premium rose and Portugal is back in the rank of the 10 countries more likely to declare bankruptcy. st 10y government bonds have closed at 5.6%, more 36bp than in May 21 . More>> PSI 20 dropped the most among European countries. The index has closed in the red for the 4 time in a row. PT is at the spotlight of this performance as it fell 4.09%. More>>
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Germany will grant Spanish SMEs aid of roughly 1 billion euros as part of a push to combat rising unemployment in southern Europe, a paper from the finance ministry showed. More>> Analysts looking ahead to three different policy changes that may be announced by the ECB at the Thursday meeting, able to shake up the euro and the banking sector, while constraining growth. More>> Istanbul's stock exchange suffered its biggest one-day loss in a decade as it closed down 10.5 percent lower as anti-government protests stretched into a fourth day on Monday. More>>

Stocks were mixed for most of the session in choppy trading as investors weighed a pair of weaker-thanexpected economic reports against potential quantitative-easing moves by the Fed. More>> U.S. manufacturing activity contracted in May for the first time in six months as new orders slipped and there was less demand for exports. More>> Zynga Inc. shares suffered their biggest percentage drop in 10 months on Monday (-12.03%) after the company said it would lay off 520 employees, or 18% of its staff, by August. More>>

Nikkei extended its correction to hit a new six-week low on Monday as worries of a slowdown in China returned to the spotlight and a sharp sell-off on Wall Street late last week curbed risk appetite. More>> Chinas manufacturing indexes showed small businesses struggling, draining momentum in economy and underlining the need for the government to shift support away from state-backed companies. More>> Australian equities appear to have fallen out of favor with investors, with the country's stock market falling almost 7 percent since mid-May, wiping out a sizable portion of the year's gains. More>>

OIL (WTI 93.28 $/bbl; +2.03% / Brent 102.15 $/bbl; +2.24%): Oil prices shot up after U.S. data sent the dollar plunging, while reports of supply snags in the North Sea pushed up prices even further. More>> GOLD (1411.45 $/oz t; +1.25%): Gold prices rose after U.S. factory gauge contracted, sparking concerns that the Fed will take its time to scale back stimulus programs, which weakened the dollar. More>> COPPER (3.336 $/lb; +1.18%): Copper futures climbed as a shutdown at the worlds second-biggest mine and an unexpected increase in a Chinese manufacturing gauge fueled supply concerns. . More>>

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