World stocks mostly rose Monday on optimism about the U.S.

economy, hints from China about further

stimulus and hopes for greater stability in Ukraine after its elections. Trading volumes were low, however,
as U.S. and British markets were closed for holidays. More >>
Pfizer Inc. (PFE) abandoned its effort to buy AstraZeneca Plc (AZN) for 69.4 billion pounds ($117 billion) in
what would have been the biggest deal ever in the drug industry. The offer represented full value for
AstraZeneca, the New York-based drugmaker said in a statement today. More >>


DAILY
26
th
May 2014
OIL (WTI: $104.28/bl, +0.07%; BRENT: $110.36/bl, -0.10%): Brent fell amid speculation that Ukraines
election may help ease months of tension with Russia, the worlds biggest energy exporter. More >>

WHEAT ($651.88/Bushel; -1.17%):Wheat prices dropped after sowing accelerated and concerns about
dry weather eased. More >>

COPPER ($3.190/lb, +0.71%): Copper climbed to an 11-week high in New York on speculation of faster
economic growth in China, the worlds largest buyer of the metal. 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 the
whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.
PSI20: +1.02% DAX30: +1.28% FTSE100: -0.07% S&P500: Close NIKKEI225: +0.97%
Asian stocks rose, with the regional gauge poised for the highest close in almost six months, after an
increase in U.S. home purchases boosted confidence in the worlds largest economy. More >>
Yuan forwards fell to the lowest level in three weeks after Chinas central bank cut the onshore currencys
reference rate to the weakest since September. More >>
Australias banking regulator urged mortgage lenders to maintain standards as higher-risk borrowing
rises and home prices surge amid record-low interest rates. More >>
European equities ended higher in thin trading on Monday, with Italian shares outperforming the
regional market after voters endorsed Prime Minister Matteo Renzi's centre-left Democratic Party's
reforms in European elections. The Euro STOXX 50 gained 1.2 percent. More >>
Retail sales in Sweden rose unexpectedly last month, official data showed on Monday. In a report, SCB -
Statistics Sweden said that Swedish Retail Sales rose to a seasonally adjusted 0.3%, from 1.0% in the
preceding month whose figure was revised down from 1.1%. More >>
PSI-20 rose 1.02% to 6988.01 points. The Portuguese index followed the trend of European counterparts
who also ended higher after the President of the ECB, Mario Draghi, has admitted the adoption of new
measures to prevent "an extended period of inflation rates too low or even negative. More >>
Immigrants residing in Portugal have a more positive impact on the national budget than taxpayers born
in the country, an effect that is above the average of OECD countries, according to data recently revealed
by the institution. More >>