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Daily 11.02.2014

- The PSI20 Index in Portugal rose 1.34% following gains in European markets, helped by successful bond issuances and company earnings news. - The Portuguese government successfully sold €3 billion of 10-year bonds, seeing demand that was over 3 times the issuance. - Stocks across Europe and the US rose as new Fed Chair Janet Yellen emphasized continuity in the Fed's policy to trim stimulus as the economy recovers.

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43 views1 page

Daily 11.02.2014

- The PSI20 Index in Portugal rose 1.34% following gains in European markets, helped by successful bond issuances and company earnings news. - The Portuguese government successfully sold €3 billion of 10-year bonds, seeing demand that was over 3 times the issuance. - Stocks across Europe and the US rose as new Fed Chair Janet Yellen emphasized continuity in the Fed's policy to trim stimulus as the economy recovers.

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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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Download as PDF, TXT or read online on Scribd
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DAILY

11th February 2014


PSI20: +1.34% DAX30: +2.03% FTSE100: +1.23% S&P500: +1.11% NIKKEI225: +1.77%
The PSI20 Index rose 1.34% to 7 014.25 points, following the Europeans trend. The financial sector benefited from the successful issuance of 10-year Portuguese Govt. Bonds, with BES and BCP advancing more than 1%. EDP jumped 3.46%, after announcing the sale of part of Portuguese tariff deficit. More >> The Portuguese Government Debt Agency (IGCP) announced it sold 3000 million of 10-year Government bonds to investors at Tuesdays auction at a cost of 5.112%. The demand for the Portuguese Bonds topped 9500 million, i.e., more than three times the amount being offered for sale. More >> European stocks rose on Tuesday, boosted by positive corporate results and as new Federal Reserve Chair Janet Yellen emphasized there would be continuity in the U.S. central bank's strategy to keep trimming stimulus despite also acknowledging the labour market recovery was "far from complete. More >> Carmakers posted the biggest gain among 19 industry groups in the STOXX 600 after Goldman Sachs Group Inc. boosted its growth forecasts for auto sales in Western Europe. Michelin & Cie. gained 3.3% after maintaining its 2015 earnings projection. More >>

U.S. stocks surged on Tuesday, with the DJIA rising triple digits and the Nasdaq Composite turning positive for the year, as Federal Reserve Chair Janet Yellen reassured Wall Street that the Fed would continue the central bank's policy of providing monetary stimulus to bolster the economy. More >> Cliffs Natural Resources Inc. (CLF) and Mosaic Co. increased more than 2.4 percent, among commodity shares. Boeing Co. and Goldman Sachs Group Inc. jumped at least 2.1 percent, leading gains in the DJIA. Sprint Corp. rose 2.7 percent after fourth-quarter revenue topped estimates. More >>

A gauge of Asian stocks outside Japan rose, heading for its biggest advance since November, before Federal Reserve Chairman Janet Yellen delivers her first testimony on monetary policy. More >> India's trade deficit narrowed in January, helped by a 77 percent drop in imports of gold and silver while exports ticked up, improving the outlook for the country's fragile current account balance. More >> On Tuesday, in Australia, data showed that home loans in the nation declined 1.9% (MoM) in December, more than analysts expectations for a 0.7% rise. More >>

OIL ($100.42/bl; +0.44% / Brent: $108.22/bl; +0.43): Oil prices rose after FED Chair Janet Yellen suggested to continue tapering monthly bond purchases as the economy improves. More >> NATURAL GAS ($4.989/Mmbtu; +9.00): Natural gas rose after investors bet that a winter storm moving across the southern and eastern U.S. will hike demand for heating in the coming days. More >> GOLD ($1286.80/oz t; +1.01%): Gold prices also rose building on FED Chair Janet Yellen suggestion to continue tapering monthly bond purchases as the economy improves. 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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