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Daily 02.01.2014

The PSI-20 index in Portugal grew on January 2nd, 2014, unlike major European markets which declined. Optimus Zon surpassed Portugal Telecom as the largest telecom company by market value. European stocks closed lower after mixed economic data from the eurozone and declines in the US market.

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26 views1 page

Daily 02.01.2014

The PSI-20 index in Portugal grew on January 2nd, 2014, unlike major European markets which declined. Optimus Zon surpassed Portugal Telecom as the largest telecom company by market value. European stocks closed lower after mixed economic data from the eurozone and declines in the US market.

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FEPFinanceClub
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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DAILY

2ND January 2014


PSI20: +0.96% DAX30: -1.59% FTSE100: -0.46% S&P500: -0.89% NIKKEI225: ClOSED
PSI-20 grew in the first market day of the year, contradicting the main European markets. BCP (+6.97%), Semapa (+5.6%) and Sonae Indstria (+4.62%) were the main triggers. More >> According to the Automobile Association of Portugal (ACAP), during the last year were sold in Portugal 126 684 motor vehicles, which represents an increase of 11.7% compared to 2012. More >> According to data from Bloomberg, Optimus Zon surpassed in today's session Portugal Telecom (PT) in market value. The company reached a market capitalization of 2.8 billion. More >> European equities closed lower on Tuesday, after data released from the euro zone gave a mixed picture of the region's recovery and U.S. stocks posting steep declines. More >> Manufacturing activity in the U.K. expanded at a slower rate than expected in December, dampening optimism over the countrys economic outlook. More >> German manufacturing PMI rose to a seasonally adjusted 54.3, from 54.2 in the preceding month. Analysts had expected it to remain unchanged at 54.2 last month. More >> Stocks fell with Wall Street recording its first negative start to a year in 6, as a downgrade of Apple hit technology shares and a set of better-than-expected economic reports failed to move investors. More >> U.S. construction spending rose in November at the strongest pace in more than 4 years, driven by solid gains in home construction and commercial projects. More >> Applications for U.S. unemployment benefits declined last week to the lowest level in a month as the volatility typical during the year-end holidays waned. More >>

Asian equity markets were mixed on the first trading day of the year with South Korea and Thailand among the region's top losers in a thin liquidity session due to the holiday period. More >> Factory activity in China expanded at its slowest pace in three months in December. The final reading of HSBCs PMI stood at 50.5, in line with a flash estimate released last month. More >> Retail sales in Hong Kong rose 8.5% last month from 6.3% in November, while analysts had expected the retail sales to fall to 5.0%. More >>

GOLD ($1224.60/oz t; +1.59%): Gold prices rose on speculation that demands for bars and jewelry will increase in Asia. More >> OIL (WTI $95.50/bl; -3.24% / Brent $107.78/bl; -2.84%): Oil prices dropped as an improving U.S. economy added to speculation that the Federal Reserve will further curb stimulus. More >> NATURAL GAS ($4.305/MMBtu; +1.72%): Natural Gas prices rose to more than two weeks high as wintry weather over most of the U.S. stoked increased fuel demand. 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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