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Daily 30.10.2013

- The Portuguese stock index closed up 1.28%, its third consecutive rise, near August 2011 highs, as business and consumer confidence improved. BCP bank announced plans to sell shares in Greek bank Piraeus, which could yield €592 million. - European stocks were mixed as some companies beat earnings estimates while telecom stocks fell. German unemployment rose for the third month in October. Spanish GDP grew 0.1% in the third quarter as forecast. - US stocks fell, halting a four-day record run, after the Fed decided to maintain stimulus. US job growth slowed and consumer prices rose modestly in September with little underlying inflation.

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76 views1 page

Daily 30.10.2013

- The Portuguese stock index closed up 1.28%, its third consecutive rise, near August 2011 highs, as business and consumer confidence improved. BCP bank announced plans to sell shares in Greek bank Piraeus, which could yield €592 million. - European stocks were mixed as some companies beat earnings estimates while telecom stocks fell. German unemployment rose for the third month in October. Spanish GDP grew 0.1% in the third quarter as forecast. - US stocks fell, halting a four-day record run, after the Fed decided to maintain stimulus. US job growth slowed and consumer prices rose modestly in September with little underlying inflation.

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FEPFinanceClub
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© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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DAILY

30thOctober 2013
PSI20: +1.28% DAX30: -0.13% FTSE100: +0.04% S&P500: -0,49% NIKKEI225: +1.23%
Portuguese stock index closed with the highest gains in Europe, closing up 1.28% to 6314.97 points. This was the third consecutive rise, closing near maximums of August 2011. More>> Portuguese Business Confidence improved to -1.3 this month compared to the reading of -3.7 in October last year, while the consumer confidence rose to -42.8, with analysts expecting -44.7. More>> BCP announced that it has initiated the process of selling all the shares and warrants it holds in Greek bank Piraeus Bank, an operation that can render 592 million to the coffers of BCP. More>> European stocks were little changed as companies from ENI to Volkswagen AG posted profit that exceeded estimates, while a gauge of telecommunications companies retreated. More>> German unemployment rose for a third month in October, adding to signs of a slowdown in Europes largest economy. The number of people out of work climbed to 2.97 million. More>> Spain's gross domestic product (GDP) grew 0.1 percent in the third quarter, the data released by the country's statistics agency showed, in line with forecasts by analysts polled by Reuters. More>> Stocks declined on Wednesday, with the S&P 500 halting a four-session record run, as Wall Street reacted to the Federal Reserve's decision to hold off on reducing its monetary stimulus. More >> Job growth faltered in October, with the private sector adding just 130,000 new positions, according to the latest report from ADP and Moody's Analytics. More >> U.S. consumer prices rose modestly in September but there was little sign of underlying inflation in the economy, which should give the Fed scope to maintain its monthly bond purchases.. More >>

Asian equities rose on Wednesday, taking their cue from a record finish on Wall Street ahead of a monetary-policy decision from the Federal Reserve. More>> The Australian dollar came under pressure after RBA Governor Stevens tried to talk down the currency. He said the Aussie dollar's current level wasn't consistent with underlying economic conditions. More>> Japan's industrial output rose 1.5% in September from the previous month, which was lower than the 1.8% forecasted. More>>

OIL (WTI 96.64$/bl; -0.95% / Brent 109.88$/bl; +0.94%): Crude prices dropped and Brent prices rose on Wednesday after official data revealed U.S. supplies rose more than expected last week, stoking fears the country is awash in crude while soft on demand. More >> COPPER (3.317$/lb; +1.28%): Copper rose on Wednesday, as investors awaited the outcome of the Federal Reserves meeting, amid speculation the central bank will maintain its stimulus program well into 2014 to support the U.S. economy. More >>

DISCLAIMER: Daily Briefs contains a summary of financial news covered on conventional news services around the world. Daily Briefs coverage of subjects is based on t whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.

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