DAILY

PSI20: -0.73% DAX30: +0.64% FTSE100: -0.18% S&P500: -0.03%

10th June 2013

NIKKEI225: +4.94%

Wolfgang Schauble, German Finance minister, has made a proposal to make available 800 million to portuguese SME. More>> Portuguese yields are rising at all maturities which indicate higher level of risk perceived by investors. Uncertainty regarding the bond buying plan by BCE is creating anxiety in markets. More>> PSI 20 fell 0.7%. Liquidity was low and banking sector was the main driver to this loss by dropping 3%. PT plummeted 1,85% which pressured the index further. More>> More than half of banks said they would increase salaries to offset the effect of European Union bonus caps, according to a study by human resources consultants Towers Watson & Co. (TW). More>> U.K. industrial production unexpectedly rose in April, boosted by increased output at mines and water companies. Manufacturing fell. More>> European stocks slipped as the Bank of Japan refrained from expanding stimulus and a German court began hearings on the European Central Banks bond-buying plan. More>>

Stocks closed narrowly mixed in choppy trading Monday, amid worries over when the Fed might scale back its stimulus program. More>> Standard & Poor's removed the near-term threat of another credit rating downgrade for the US by revising its outlook to stable from negative, citing an improved economic and fiscal outlook. More>> media company's stock, saying it is one of the most compelling investments in the Internet sector right now. More>>

Asian stocks rose on Monday with Japan's benchmark Nikkei rebounding on the back of a strong GDP revision and a weaker yen, adding a degree of stability following two weeks of high volatility. More>> The downturn in China could be the most drawn-out since the 1997-1998 Asian Financial Crisis, following a slew of weaker-than-expected economic data for May released over the weekend. More>> dollar on Monday, but strategists say it's not all gloom and doom for the battered currency. More>>

OIL (WTI 95.83 $/bbl; -0.41% / Brent 103.75 $/bbl; -0.78%): Oil prices edged lower after China reported weaker-than-expected industrial output data, which overshadowed a Standard & Poor's decision to revise its U.S. outlook on the upside. More>> CORN (649.50 $/bu; -2.50%) and SOYBEANS (1514.12 $/bu; -0.76%): Corn fell the most in five weeks and soybeans dropped on speculation that hot, dry weather in the U.S. Midwest will improve crop prospects after heavy rains delayed spring planting. 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 th whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.