Stocks eased off their lows but still closed in the red in lackluster trading Tuesday a day after

the Dow and

S&P 500 hit fresh highs. More >>
New orders for U.S.-made factory goods rose for the third consecutive month in April and automakers
reported robust vehicle sales in May, boosting the outlook for economic growth. More >>
Semiconductor stocks ranked among the market's leaders, with the PHLX semiconductor index up 0.9
percent. The sector rallied after Skyworks Solutions Inc raised its earnings and revenue outlook. More >>


OIL (WTI $102.78/bl, +0.37%; BRENT $108.86/bl, +0.03): Oil advanced on speculation that inventories
declined at Cushing, Oklahoma, and on growth in U.S. factory orders. More >>

CORN ($457.38/Bushel; -1.67%): Corn futures fell to a 13-week low on mounting speculation that output
will rise to an all-time high in the U.S., the worlds top producer. More >>

COFFEE ($170.88/lb, -0.84%): Coffee futures entered a bear market after rains eased drought damage for
plants in Brazil, the worlds top producer and exporter. More >>
DAILY
European stocks declined from a six-year high as a report showing lower-than-estimated inflation in the
euro area prompted investors to weigh the outlook for interest. More >>
Eurostat reported that the euro zones unemployment rate ticked down to a seasonally adjusted 11.7% in
April from 11.8% in March. Analysts had expected the jobless rate to hold steady at 11.8%. More >>
Consumer price inflation in the euro zone rose less than expected in May, underlining concerns over the
threat of deflation in the region. CPI increased by a seasonally adjusted 0.5% last month More >>
The main index of the national market lost 0.48% to 7126.15 points. The PSI-20 was essentially penalized
for drops in about 1% of PT and EDP and 2% of BCP and Mota-Engil. More >>
Ten-year yields drop by 3.4 basis points to 3.631%, while the five-year interest rate shrink 4.3 basis points
to 2.587%. The two-year rates fell to 1.153%. More >>
Portuguese Unemployment Rate drops for the 12
th
consecutive month. The rate was 14.6% in April,
compared to 14.8% in the previous month. More >>
3
rd
May 2014
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: -0.48% DAX30: -0.31% FTSE100: -0.41% S&P500: -0.04% NIKKEI225: +2.07%
Asian stocks rose to a six-month high after a gauge of Chinas manufacturing expanded and policymakers
said they will cut the reserve requirement ratio for some lenders. More >>
Japanese manufacturing firms saw a decline in output for the second month running in May alongside a
continued fall in new orders and new export orders. More >>
An index measuring manufacturing sector activity in Australia jumped to a score of 49.2 in May, the
Australia Industry Group said on Monday. More >>