DAILY

11th December 2013

PSI20: -0.19% DAX30: -0.41% FTSE100: -0.24% S&P500: -1.13% NIKKEI225: -0.62%
PSI 20 followed the selling pressure that has dominated the European markets, closing on negative (0.19%) to 6461.59 points. This pressure did not affected BCP, that as grown 10% in 4 sessions. More >> The Portuguese National Institute (INE) announced on Wednesday that the rate of turnover in services recorded a fall of 4% in October. More >> The index of consumer prices remained negative for the second consecutive month, falling 0.2% (YoY), such performance is explained, in large part, by the transport sector. More >> European equities closed slightly lower on Wednesday, tracking Wall Street, after a U.S. budget deal added to expectations the Fed will scale back stimulus soon. More >> RBS said its finance director, Nathan Bostock, had resigned to join Spanish bank Santander after just 10 weeks in the job, dealing a major blow to the state-backed lender's turnaround efforts. More >> Moncler, the Italian maker of $1,220 quilted polyester jackets, priced its initial public offering at the top of an indicated range after investors sought more than 31 times the amount of stock offered. More >> Stocks dropped with the S&P 500 and Nasdaq seeing their biggest losses in nearly 5 weeks, as the provisional budget deal raised speculation that the Fed could pull back on its stimulus program. More >> Home Depot Inc. (HD), the largest U.S. home-improvement retailer, expects to meet a profitability goal a year earlier than planned as rising housing prices prompt an increase in renovations. More >> The U.S. federal budget balance fell less-than-expected last month, to a seasonally adjusted -135.2B, from -91.6B in the preceding month. More >>

Asian equity markets declined following a weak handover from Wall Street and as investors showed little reaction to news of a U.S. budget deal. More >> Chinas new yuan loans were 624.6 billion ($103 billion) which exceeded estimates of 624.6 billion yuan last month with indications that the government wants to curb borrowing. More >> India's November exports rose 5.86 percent from a year earlier, while imports fell 16.37to the lowest value since March 2011. More >>

OIL (WTI $97.44/bl; -1.32% / Brent $109.66/bl; +0.04%): Oil fell from a six-week high after gasoline and diesel inventories rose more than forecast last week as refineries boosted output. More >> GOLD ($1251.70/oz t; -0.71%): Gold prices fell on Wednesday after profit taking wiped out gains stemming from expectations for the Federal Reserve. More >> NATURAL GAS ($4.345/MMBtu; +2.09%): Natural gas rose to a seven-month high on speculation that frigid weather will lead to bigger-than-normal declines in stockpiles of 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.