DAILY

23rd April 2014

PSI20: -1.20% DAX30: -0.58% FTSE100: -0.10% S&P500: -0.22% NIKKEI225: +1.09%
The Lisbon stock market closed in negative territory, following the trend of its European peers. PSI20 declined 1.20% to 7 454.03 points, due to the slide of the banking sector (BCP tumbled 2.94%, BES slipped 0.81%, while BPI fell 1.42%). More >> Debt agency IGCP placed Wednesday's bond at an average yield of 3.5752 percent, the lowest on record in a Portuguese auction of that maturity and significantly lower than the secondary market yield of 3.68 percent registered just beforehand. More >>

European shares snapped a three-day winning streak on Wednesday, with tech stocks hit by disappointing results from Ericsson and chip designer ARM Holdings, raising doubts about the sector's earnings. The Euro STOXX 50 fell 0.7 percent at 3,175.97 points. More >> Euro zone service sector activity rose more-than-expected in April, data showed on Wednesday. Research Group Markit said that Euro Zone Services PMI rose to 53.0 this month, from 52.2 in March. Analysts had expected the Euro Zone Services PMI to rise to 52.4. More >>

U.S. stocks declined on Wednesday, with Wall Street retreating after a sixth day of gains for the S&P 500 and Nasdaq, after data had new home sales declining in March and companies including Boeing and AT&T reported quarterly results. More >> The Commerce Department said on Wednesday sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units. It was the second consecutive monthly decline and the biggest since July, which was also the last time sales were so slow. More >>

Asian stocks pared gains after a Chinese manufacturing report signaled persisting weakness in the worlds second-largest economy. More >> Chinas economy has yet to respond to policy makers stimulus efforts, an April manufacturing gauge indicated on Wednesday, helping send the yuan to a 16-month low. More >> Australias core inflation slowed last quarter, sending the currency lower as investors eased bets on the likelihood of an interest-rate increase. More >>

OIL(WTI: $101.56/bl, -0.36%; BRENT: $109.34/bl, -0.20%): West Texas Intermediate crude fell to a twoweek low as U.S. supplies reached the highest level in 83 years. Brent also slipped. More >> NATURAL GAS ($4.740/MmBtu, -0.64%): Natural Gas dropped after weather-forecasting models continued to call for below-normal temperatures stretching across portions of the U.S. More >> SUGAR ($17.45/lb, +2.05%): Sugar price rose after report that Sugar output in Brazil, the worlds largest producing region, will decline 5.2 percent this season after crops were hurt by drought. 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.