DAILY

4th December 2013

PSI20: -1.23% DAX30: -0.90% FTSE100: -0.34% S&P500: -0.13% NIKKEI225: -2.17%
The main Portuguese index followed the European trend today, closing on red with 17 stocks closing negative. It closed sinking 1.23%, mainly due to capital gains actions by investors. More >> Portuguese retail sales dropped 1.1% in October, comparing to September. Analysts had expected it to fall only 0.08%. More >> Correios de Portugal (CTT) will sell part of the company in the stock market. According to recent news, 43% of the shares of CTT in the stock market will go to foreign hands. More >> European stocks declined again, with the longest losing streak in more than five months, with U.S. jobs data fueling concerns that the Federal Reserve will pare stimulus measures sooner than forecast. More >> Service sector activity in the U.K. expanded at a slower rate than expected last month, falling to 60.0 from 62.5, below expectations for 62.0, dampening optimism over the countrys economic outlook. More >> In a recent report, Eurostat said retail sales declined by a seasonally adjusted 0.2% in October, disappointing expectations for a 0.3% gain. Retail sales for September fell 0.6%. More >> U.S. stocks fell, the longest slump in 10 weeks for the S&P 500 Index, as investors weighed economic data for clues on the timing of Fed Reserve stimulus cuts amid optimism over a budget deal. More >> Billionaire investor Carl Icahn will submit a proposal to Apple's shareholders at the company's annual meeting, a source told CNBC. The proposal calls for Apple to buy back $50 billion in stock. More >> Sales of new U.S. single-family homes recorded their biggest increase in nearly 33-1/2 years in October, suggesting the housing market recovery remains intact despite higher mortgage rates. More >>

Asian equity markets were mixed with Japan leading losses on the back of a slightly stronger currency while Chinese shares rallied on news of financial reforms. More >> China will begin rolling out financial liberalization reforms in the Shanghai free trade zone (FTZ) within three months, the People's Bank of China (PBOC) said in a statement on Wednesday. More >> Australia's domestic demand disappointed last quarter as consumers chose to save rather than spend, although a solid contribution from international trade helped avoid something worse. More >>

OIL (WTI $97.30/bl; +0.20%) : Oil prices rose on Wednesday after data revealed that U.S. stockpiles made an unexpected drop last week, while an OPEC decision to leave output levels unchanged supported prices as well. More >> GOLD ($1242.60/oz t;1.51%): Gold prices jumped up after a mixed bag of U.S. economic indicators gave bottom fishers reason to snap up nicely priced positions, though market sentiments remained firm that the Fed will begin scaling back stimulus programs within the coming months. More >>

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