U.S.

stocks fell on Wednesday, ending a four-session rally that lifted the S&P 500 to a record, with
investors skittish as benchmark Treasury yields fell to lows not seen since last summer. The 10-year U.S.
Treasury yield fell 8 basis points to 2.439 percent. More >>
Among retailers, Michael Kors Holdings Ltd climbed 1.3% to $97.01 following the company's quarterly
earnings as sales of its handbags and watches surged in North America. But the company cautioned it
expected the cost of opening new stores in Europe to depress gross margins. More >>


DAILY
28
th
May 2014
NATURAL GAS ($4.602/MmBtu, +2.02%): Natural Gas rose on forecasts for hot, summertime
temperatures to arrive in the U.S. next week. More >>

GOLD ($1258.90/ozt; -0.54%): Gold dropped after positive U.S. housing and consumer confidence data
continued to boost the dollar, which tends to trade inversely with the yellow metal. More >>

OIL (WTI: $103.08/bl, -0.99%; BRENT: $110.04/lb, -0.16%): Oil fell on n forecasts that U.S. supplies rose
last week and as the euro weakened against the dollar. 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: +1.08% DAX30: -0.02% FTSE100: +0.09% S&P500: -0.11% NIKKEI225: +0.24%
Asian stocks rose, with the regional benchmark index heading for a six-month high, as China reported
industrial profits and U.S. data added signs a recovery in the worlds largest economy is intact. More >>
Chinas yuan dropped by the most since March as the central bank set the currencys daily fixing near the
weakest level since September amid concern growth in the countrys economy is slowing. More >>
Australias private sector construction work rose by 2% in the March quarter to record highs. Overall
construction work done rose by 0.3%. More >>
European stocks were little changed, closing near their highest level since January 2008, as
GlaxoSmithKline Plc retreated after becoming the subject of a criminal investigation. The Stoxx Europe
600 Index fell less than 0.1 percent to 344.29 at the close of trading. More >>
Private sector lending in the euro zone rose more-than-expected last month, official data showed on
Wednesday. In a report, European Central Bank said that Euro Zone Private Sector Lending rose to -1.8%,
from -2.2% in the preceding month. More >>
PSI20 rose 1.08% to 7.134,65 points. The Portuguese market witnessed on Wednesday another day of
gains and accumulated over the past five sessions a gain of 4%. The banks were the biggest gainers with
BES and BCP climbing 3.92% and 4%, respectively. More >>
Consumers and business owners are less pessimistic, according to the report released on Wednesday by
the National Statistics Institute (INE). This development led the economic climate indicator to register a
positive value (0.1%) for the first time since September 2010. More >>