DAILY

26th June 2013

PSI20: +1.75% DAX30: +1.60% FTSE100: +0.48% S&P500: +0.96% NIKKEI225: -1.04%
Real estate bank valuation is appreciating. According to INE, the value if these assets has improved 1.2% in May relatively to the previous month. The average value per square meter is 996. More>> More favorable movements in the stock market have calmed investors and ease the rise in yields. Announcements by the ECB and the Chinese response to its internal crisis are the main reason. More>> PSI 20 is up 1,75%. Banking sector has improved 3% and it has led the index gains. German confidence index improvement and China resolution has decreased risk perceived in markets. More>> European Union finance chiefs struck an agreement on how to handle failing banks, a step they said would bolster investor confidence and help overcome the euro-area financial crisis. More>> Economic confidence in the euro area improved more than economists forecast in June, adding to indications the 17-nation economy is starting to recover from the longest recession it had. More>> European stocks were little changed, following the Stoxx Europe 600 Indexs largest two-day rally in 11 months, as investors awaited a report on U.S. personal spending. More>>

Stocks closed higher after the weaker-than-expected final read on first-quarter gross domestic product diminished worries that the Fed would rein in its stimulus measures in the immediate future. More>> Rates on home mortgages surged to the highest level in 2 years as the recent sell-off in the bond market after the Fed laid out a plan to wind-down its stimulus program led borrowing rates higher. More>> U.S. economic growth was more tepid than previously estimated in Q1, held back by a moderate pace of consumer spending, weak business investment and declining exports. More>>

Asian stocks were mixed in volatile trade as investors in Tokyo and Shanghai continued to worry about strained liquidity conditions in the mainland, despite reassurance from China's central bank. More>> Australia's former leader Kevin Rudd toppled Julia Gillard to return as prime minister on Wednesday, reclaiming the job on his third attempt and with elections less than three months away. More>> Cost pressures and tougher regulation mean banks in Singapore are struggling to replace the 100 traders who left the market during a rate-fixing probe. More>>

GOLD (1224.95 $/oz t; -3.85%): Gold plunged to a 34-month low, set for a record quarterly drop, as improving U.S. economic data strengthened the case for the Fed to reduce stimulus. More >> NATURAL GAS (3.739 $/MMBtu; +1.66%): Natural gas prices shot up after bargain hunters took up nicely priced positions and ended a selloff stemming from weather forecasts. More >> WHEAT (676.62 $/bu; -1.24%): Wheat fell on speculation that the central counties of Kansas, the top US state grower, will produce a great crop. More >>

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