DAILY

25th September 2013

PSI20: +0.82% DAX30: +0.01% FTSE100: -0.30% S&P500: -0.18% NIKKEI225: -0.76%

The PSI20 has risen today, 0.82% to 6039.73 index points, driven by the gains of Jernimo Martins and Galp Energia. Although in Europe most of the squares closed on red. More >> The IMF warned that the budget deficit of the euro zone countries must be even more flexible, said the director of the European department in order to find a margin to support the economy. More >> The Nomura equity research has published a note about the Portuguese banking system where it remarks a performance below compared to the European banks. More >> European shares closed lower on Wednesday, with investor sentiment still subdued as concerns weighed about the U.S. debt ceiling. More>> France presented its budget for 2014 on Wednesday introducing far-reaching spending cuts and shifting the tax burden from French businesses to households in an attempt to rein in its budget deficit. More>> The euro advanced versus the dollar on signs of economic strength in the 17-nation region and concern Washington budget talks may lead to a federal shutdown. More>>

The Fed Housing Administration, weighed down by losses on souring loans, will likely need a cash infusion from the U.S. Treasury for the first time in its nearly 80-year history. More>> Federal Reserve surprised the market when it did not announce a tapering of the quantitative easing bond buying program at its September meeting. More>> Stocks ended lower Wednesday, with the Dow and S&P closing in the red for the fifth-straight day, as jitters over budget talks in Washington continued to weigh on markets. More>>

Asian equities were mostly lower on Wednesday after Wall Street logged its fourth straight session of losses amid uncertainty surrounding U.S. budget discussions. More>> The death toll from a powerful earthquake in southwestern Pakistan rose to at least 208 people on Wednesday after hundreds of houses collapsed in a remote mountainous area. More>> Wealth among Asia-Pacific millionaires may top North Americas as soon as next year as Japanese economic growth boosts investor returns in the country. More>>

GOLD (1333.10 $/oz t; +0.57%): Gold prices rallied as the dollar fell amid concerns a U.S. fiscal showdown may threaten to shut down the government. More>> OIL (WTI 102.31 $/bl; -1.05% / Brent 108.00 $/bl; -0.68%): Oil futures fell after official data revealed that U.S. inventories rose last week and caught many investors who were predicting a decline. More>> WHEAT (669.62 $/bu; +1.82%): Wheat futures jumped to a four-week high on speculation that China, the worlds biggest consumer, will increase imports to curb record domestic prices. More>>

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