DAILY

9thOctober 2013
PSI20: +1.12% DAX30:-0.46% FTSE100: -0.44% S&P500: +0.06% NIKKEI225: +1.03%
The Portuguese stock market increased this Wednesday, against the trend of the remaining European markets. Banks were the main boosters: BES (+5.21%), BCP (+4.12%) and BPI (3.94%). More >> Portuguese trade deficit increased, between June and August, with the difference between imports and exports increasing around 163.6 million euros. More >> IMF announced today their projections for the Portuguese sovereign debt, stating that it will continue to grow until 2014, reaching 125.3% of the GDP. More >> European shares mostly closed lower as investors balanced the ongoing U.S. budget deadlock against the news that Janet Yellen has been nominated the next chair of the Federal Reserve. More >> German industrial production rebounded in August, adding to signs that Europes largest economy is benefiting from the euro areas recovery. More >> British industrial output suffered an unexpected 1.1 percent fall in August, the biggest drop since September 2012, as factories cut production. More> >

The Dow and S&P 500 narrowly avoided a three-day losing streak in volatile trading Wednesday, but the ongoing anxiety over the political gridlock in Washington kept a damper on gains. More >> Mortgage applications climbed last week as demand for refinancing outpaced purchases, according to the Mortgage Bankers Association. More >> U.S. President Barack Obama on Wednesday nominated Janet Yellen as the new Chair of the Federal Reserve, replacing Ben Bernanke, who steps down in early 2014. More >>

Japan led Asian stocks higher as investors cheered news that President Obama will announce Janet Yellen as the next chair of the Federal Reserve. More>> Bank Indonesia said it will regulate currency hedging by individuals and companies, including stateowned firms, to help stabilize Asias most-volatile currency. More>> The International Monetary Fund sliced its growth expectations for emerging countries, but maintained its forecast for advanced economies. More>>

OIL (WTI 101.35 $/bl; -2.20% / Brent 109.00 $/bl; -1.07%): Oil prices dropped on Wednesday after official U.S. data revealed that the country's supplies shot up way more than expected last week. More >> GOLD (1305.10 $/oz t; -1.17% ): Gold prices fell as the dollar rose on news President Barack Obama will name Fed Vice Chair Janet Yellen to replace Ben Bernanke as head of the U.S. central bank. More >> COPPER (3.229 $/lb; -1.99% ): Copper futures declined to trade near a one-week low, as a partial U.S. government shutdown dragged on into a second week. More >>

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