DAILY

02nd December 2013

PSI20: +0.02% DAX30: -0.04% FTSE100: -0.83% S&P500: -0.27% NIKKEI225: -0.04%
The Portuguese main index closed positive today, contradicting the world trend, mostly due to the high increase in Mota-Engil and BCP prices (keeping last weeks trend) in more than 5% . More >> The State today announced that it will hold a swap of Treasury Bonds tomorrow, with the implicit yield in the 10-year bonds increasing again above 6%. More >> The Automobile Association of Portugal (ACAP) announced that last November, the market of new vehicles sold reached 10.965, being 23,9% more than in the same period last year. More >> European equities closed lower on Monday, as Spanish shares sunk on disappointing manufacturing data, while retailers struggled on the first day of December trade. More >> Manufacturing in the euro zone accelerated at its fastest pace in two and a half years in November, helped by a ramp-up in production, reaching 51,6, compared with 51,3 in the previous month. More >> Manufacturing activity in the U.K. expanded in November at the fastest rate since February 2011, fuelling optimism over the countrys economic outlook. More >> U.S. stocks fell, with the Standard & Poors 500 extending declines in the final hour of trading, amid data showed manufacturing unexpectedly climbed last month and reports on holiday retail sales. More >> Hilton Worldwide Holdings Inc. (HLT) plans to raise as much as $2.4 billion in its U.S. initial public offering, the most ever for a hotel company. More >> Even with the strength of labor market, labor-intensive industries wont return to the U.S. as long as the huge labor compensation gaps persist with Asian and other developing countries. More >>

Japanese stocks ended flat in choppy trade on Monday as investors turned cautious after the market's recent rapid gains and awaited major U.S. economic data. More >> Chinas move to end a 14-month ban on IPOs and allow the sale of preferred shares led to a rally in stocks as investors bet the measures will boost fees for brokerages and ease banks funding. More >> China's manufacturing activity maintained its steady growth in November. The HSBC November PMI stood at 50.8, down a touch from 50.9 in October but better than a flash estimate of 50.4. More >>

OIL(WTI 93.86$/bl; +1.15%; Brent 111.45$/bl; +1.36%) and GOLD (1217.60$/oz t; -2.40%): Oil prices shot up and gold dropped on Monday after data revealed that industrial activity in the U.S. and China, the world's largest consumers of crude, beat expectations and painted a picture of a global economy poised to demand more fuel and energy going forward. More on Oil >> More on Gold >> NATURAL GAS (3.967$/MMBtu; +1.69%): Natural gas futures rose as updated weather forecasting models continued to point to colder than average temperatures in the U.S. More >>

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