DAILY

24th September 2013

PSI20: -0.11% DAX30: +0.34% FTSE100: +0.21% S&P500: -0.18% NIKKEI225: -0.07%
The PSI20 closed in red today, falling 0.11%, to 5990.85 index points, in contra cycle with the main European squares showing that investors are still cautious about Portuguese markets. More >> The information released today by the Government shows that the deficit measured in the 'troika' point of view went down to 423.9 million euros compared to 5.2187 million recorded in July. More >> The State tax revenue recorded in August increased by 6.3% yoy, reflecting an increase of 1,311 million euros. More >> European stocks closed modestly higher after the release of economic data from Germany, but the push higher was capped by concerns over the outcome of the German elections. More>> ECB policy makers played down market expectations that a new round of long-term loans is imminent, even after President indicated that hes ready to provide funds to banks if needed. More>> European corporate earnings are at a turning point, according to Nomura, which predicts that European firms are set for significant profit growth in the coming year. More>>

Stocks stumbled in the final minutes of trading to end near session lows Tuesday, with the Dow and S&P posting their fourth-straight session in the red, as investors remained cautious amid uncertainties surrounding central bank's stimulus program and budget discussions. More>> In a busy week for speeches by Fed officials, New York and Atlanta Fed Presidents took a dovish tone at the start of the week. They supported the Fed's surprise decision to delay scaling back its monthly $85 billion bond-buying program, given the lack of momentum in the U.S. economy. More>>

Asian stocks pared back some of their losses on Tuesday as investors continued to fret about the future of U.S. monetary stimulus among a lack of market catalysts. More>> Chinas stocks fell, led by the biggest retreat in financial companies in two months, amid concern the government may encourage more competition among banks and expand property taxes. More>> Japanese Prime Minister said his country and Canada have agreed to cooperate more closely on the issue of natural gas as it seeks new supplies of energy after the Fukushima nuclear disaster. More>>

GOLD (1323.20 $/oz t; -0.30%): Gold prices fell amid ongoing uncertainty over the fate of the Fed's USD85b in monthly bond purchases, which weaken the dollar, making gold an attractive hedge. More>> NATURAL GAS (3.572 $/MMBtu; -2.42%): Natural gas prices fell after updated weather forecasting models called for milder temperatures to continue hovering over much of the U.S. More>> SUGAR (17.42 $/lb; +0.72%) and ORANGE JUICE (130.10 $/lb; +2.68%): Sugar futures climbed to the highest in more than five months on concern that rains will limit supplies. Orange juice also rose. More>>

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