DAILY

7th October 2013

PSI20: -0.46% DAX30: -0.36% FTSE100: -0.26% S&P500: -0.85% NIKKEI225: -1.22%

Portuguese stocks dropped as U.S. House Speaker John Boehner ruled out raising the federal governments debt limit without setting preconditions. Jernimo Martins (-2.23%) and EDP (-1.59%) were the worst performers. More >> Portuguese sovereign yields went down again this Monday, keeping the trend that was already registered since it was known that the eight and nine troika assessments to the Portuguese program ended with positive note. More >> European shares closed lower on Monday as the partial government shutdown in the U.S. continued, and as investors worried that the impasse could lead to the country defaulting on its debt. More >> Greek stocks were the standout gainer on Monday, closing up 2.5 percent, helped by the bullish tone set by U.S. hedge fund managers such as John Paulson. More >> Shares of Italian Monte dei Paschi surged to close 6.26 percent higher. After the market close it unveiled a strict turnaround plan aimed at regaining profitability and fending off nationalization. More >>

Stocks finished lower this Monday, with the Dow hitting a one-month low, as the government shutdown dragged for a second week and as investors grew worried that lawmakers may not be able to increase the debt ceiling, potentially leading to a default. More >> Consumer credit rose by $13.63 billion in August to $3.04 trillion, according to the Fed. Economists polled by Reuters had expected consumer credit to rise $12 billion after a previously reported $10.44 billion increase in July. More >>

Asian equities erased early gains as concerns of a U.S. default escalated after the latest comments from politicians showed no signs of progress to resolve the budget standoff. More >> Airbus announced it had won its first jet order from Japan Airlines on Monday, breaking into the last major aviation market dominated by rival Boeing. More >> Indias central bank rolled back further an emergency step taken to shore up its currency as the rupees continued stabilization allowed it to relax liquidity for the nations banks. More >>

GOLD (1322.40 $/oz t; +0.65%): Gold prices rose on Monday as investors avoided the dollar as a U.S. government shutdown entered a second week with no end in sight. More >> NATURAL GAS (3.639 $/MMBtu; +2.72%): Natural gas rose after updated weather forecasting models reversed course and replaced calls for mild fall weather with calls for warmer mercury readings. More >> WHEAT (695.00 $/bu; +1.22%): Wheat prices traded near the strongest level since June amid speculation of robust demand for U.S. supplies and amid growing concerns over tightening global supplies. More >>

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