DAILY

11th February 2014

PSI20: +1.34% DAX30: +2.03% FTSE100: +1.23% S&P500: +1.11% NIKKEI225: +1.77%
The PSI20 Index rose 1.34% to 7 014.25 points, following the Europeans trend. The financial sector benefited from the successful issuance of 10-year Portuguese Govt. Bonds, with BES and BCP advancing more than 1%. EDP jumped 3.46%, after announcing the sale of part of Portuguese tariff deficit. More >> The Portuguese Government Debt Agency (IGCP) announced it sold 3000 million of 10-year Government bonds to investors at Tuesdays auction at a cost of 5.112%. The demand for the Portuguese Bonds topped 9500 million, i.e., more than three times the amount being offered for sale. More >> European stocks rose on Tuesday, boosted by positive corporate results and as new Federal Reserve Chair Janet Yellen emphasized there would be continuity in the U.S. central bank's strategy to keep trimming stimulus despite also acknowledging the labour market recovery was "far from complete. More >> Carmakers posted the biggest gain among 19 industry groups in the STOXX 600 after Goldman Sachs Group Inc. boosted its growth forecasts for auto sales in Western Europe. Michelin & Cie. gained 3.3% after maintaining its 2015 earnings projection. More >>

U.S. stocks surged on Tuesday, with the DJIA rising triple digits and the Nasdaq Composite turning positive for the year, as Federal Reserve Chair Janet Yellen reassured Wall Street that the Fed would continue the central bank's policy of providing monetary stimulus to bolster the economy. More >> Cliffs Natural Resources Inc. (CLF) and Mosaic Co. increased more than 2.4 percent, among commodity shares. Boeing Co. and Goldman Sachs Group Inc. jumped at least 2.1 percent, leading gains in the DJIA. Sprint Corp. rose 2.7 percent after fourth-quarter revenue topped estimates. More >>

A gauge of Asian stocks outside Japan rose, heading for its biggest advance since November, before Federal Reserve Chairman Janet Yellen delivers her first testimony on monetary policy. More >> India's trade deficit narrowed in January, helped by a 77 percent drop in imports of gold and silver while exports ticked up, improving the outlook for the country's fragile current account balance. More >> On Tuesday, in Australia, data showed that home loans in the nation declined 1.9% (MoM) in December, more than analysts expectations for a 0.7% rise. More >>

OIL ($100.42/bl; +0.44% / Brent: $108.22/bl; +0.43): Oil prices rose after FED Chair Janet Yellen suggested to continue tapering monthly bond purchases as the economy improves. More >> NATURAL GAS ($4.989/Mmbtu; +9.00): Natural gas rose after investors bet that a winter storm moving across the southern and eastern U.S. will hike demand for heating in the coming days. More >> GOLD ($1286.80/oz t; +1.01%): Gold prices also rose building on FED Chair Janet Yellen suggestion to continue tapering monthly bond purchases as the economy improves. More >>

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