U.S.

stocks jumped on Wednesday, bouncing back from the prior day's sharp fall, after minutes from the
Federal Reserve's last meeting had central bankers discussing ways to normalize interest rates. The
central bank last month trimmed its monthly asset buying to $45 billion. More >>
In a report, US Energy Information Administration said that U.S. Gasoline Inventories rose to a seasonally
adjusted annual rate of 0.970M, from -0.772M in the preceding quarter. Analysts had expected U.S.
Gasoline Inventories to rise 0.079M in the last quarter. More >>


DAILY
21
st
May 2014
OIL (WTI: $103.78/bl, +0.89%; BRENT: $110.48/bl, +0.62%): Oil rose after a government report showed
U.S. supplies tumbled last week as imports dropped to a 17-year low. More >>

GOLD ($1291.40/oz t; -0.22%): Gold declined as the FED said it sees inflation risk from continued
stimulus, lowering demand for the precious metal as a hedge against rising consumer costs. More >>

NATURAL GAS ($4.484/MmBtu, -1.18%): Natural gas prices fell after investors sold the commodity for
profits and jumped to the sidelines to await the release of weekly U.S. inventory report. 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 the
whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.
PSI20: -0.57% DAX30: +0.61% FTSE100: +0.28% S&P500: +0.81% NIKKEI225: -0.24%
Asian stocks fell for a fourth day, with the regional benchmark index heading for its longest losing streak
since January, as the yen strengthened and the BoJ refrained from adding to monetary stimulus. More >>
Japan's trade deficit narrowed in April, thanks to tax increases that cooled demand for imports, even as
exports struggled amid ongoing sluggishness in the global economy. More >>
Consumer confidence in Australia turned sharply lower in May, the latest sentiment survey from Westpac
revealed on Wednesday, checking in with a score of 92.9. More >>
European shares finished higher on Wednesday, with Danish shipping and oil group A.P. Moller-Maersk
gaining after its profit beat forecasts and German utilities rising on the back of broker upgrades. The pan-
European FTSEurofirst 300 ended 0.6 percent higher at 1,364.76 points. More >>
The euro zones current account surplus narrowed unexpectedly in March to hit the lowest level in six
months, official data showed on Wednesday. The ECB said that the euro zone current account recorded a
surplus of 18.8 billion in March, narrowing from a surplus of 21.8 billion in February. More >>
The Portuguese market declined and diverged from the positive feeling that ruled the main European
exchanges. PSI-20 was penalized by heavy falls of Banco Esprito Santo, Portugal Telecom, Jernimo
Martins and Mota-Engil. More >>
The S&P decided to reconsider its perspective of the "ratings" of the national banking system, after
having placed the "outlook" of the Portuguese Republic in "stable" on 9 May. This Wednesday, May 21,
S&P placed the "rating" of Santander Totta, CGD, BPI and BES under "stable" outlook. More >>