DAILY BRIEFS

4thNOVEMBER 2014
PSI20: -2.84%

DAX30: -0.92%

FTSE100: -0.52%

S&P500: -0.28%

NIKKEI225: +2.73%

PSI-20 sinks almost 3% led by bank sector, Galp and PT

In todays session the Portuguese index dropped 2.84% after EUs cut in growth forecast for the Eurozone.
PSI-20s fall was driven by PT and BCP which sank 12.05% and 5.37%, respectively.

Efanor may keep 90% of total Sonae Industrias capital

Efanor, owned by Belmiro de Azevedo, may hold 90% of total companys capital after the capital increase in
Sonae Industria.

Europe closes lower; Oil majors under pressure

European stock indexes accelerated losses to close lower on Tuesday, after seesawing during the
trading session.

EU Cuts Growth Outlook as Inflation Seen Below ECB Forecast

The European Commission cut its growth forecasts for the euro area as the blocs largest economies
struggle to put the ravages of the debt crisis behind them after two recessions in

six years.

US stocks continue to drop as oil prices sink

Many stocks continued yesterdays descent almost to a near record today as oil reached a three year low.
The S&P 500 dropped 0.3% as investors awaited the Senate election results.

JPMorgan expects to lose billions in US Criminal Probe

JPMorgan expects to lose $5.9 billion in possible legal expenses as they face a U.S. criminal probe. The US
Department of Justice is specifically looking into its FX trading department, while the company sldo faces
international inquiries.

Nikkei soars; BOJ easing, GPIF reallocation cheers investors

Japan's Nikkei share average hit a seven-year high on Tuesday as investors gave thumbs up to the Bank
of Japan's unexpected move to ease policy further.

Alibaba Profit Beats Estimates as Mobile Spending Rises

Alibaba Group Holding Ltd. posted profits beating analysts estimates in its first earnings report as a
public company, with increased shopping traffic and mobile spending in China generating more
advertising.

GOLD ($1,168.00/oz t, -0.15%): Gold prices edged lower on Tuesday due to soft physical demand in Asia,
though a breather in the dollars recent rally cushioned losses after pushing the yellow metal. More >>
OIL (WTI: $77.34/bl, -1.83%; BRENT: $82.698/bl, -2.47%): Crude futures took a beating on Tuesday, dipping
to three-years lows after Saudi Arabia said it would cut the price of oil it sells to U.S. buyers. More >>
NATURAL GAS ($4,140/MmBtu, +2.32%): Natural gas prices shot up on Tuesday on expectations that cool
weather in place over the U.S. will drive demand for heating, while hopes for a bearish supply report
boosted the commodity as well. More >>

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whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.