DAILY

2nd April 2014

PSI20: -0.71% DAX30: +0.20% FTSE100: +0.10% S&P500: +0.29% NIKKEI225: +1.04%
Euronext Lisbon ended in negative territory. PSI20 fell 0.71% to 7 680.08 points, as the financial sector dropped, reversing the performance that yesterday led the index to trade at the highest level since 2011. BES slid 1.73% to 1.421 euros, Banif fell 0.81% to 0.0123 euros, while BPI declined 1.27%. More >>

Portuguese exports to China grew 8.78% in the first two months of the year, to 144.8 million contrary to
a drop 10% in 2013, according to Chinese official statistics. In January and February 2014, the Portuguese-Chinese trade increased 13.9% YoY to 454.8 million euros. More >>

European stocks climbed for a seventh day after a U.S. private-payrolls report showed companies in the worlds largest economy added more workers last month and factory orders increased in February. The Stoxx Europe 600 Index advanced 0.2 percent to 336.93 at the close of trading. More >> Producer price inflation in the euro zone fell more than expected in February, fueling concerns over deflation, official data showed on Wednesday. Eurostat said that its producer price index eased down by 0.2% in February, compared to expectations for a 0.1% decline. More >>

Stocks finished in positive territory for the fourth-consecutive session Wednesday, with the S&P 500 touching a fresh high, as investors digested a batch of economic reports. More >> Private sector employment in the U.S. increased by 191,000 jobs from February to March, according to the March ADP National Employment Report released Wednesday. More >> New orders for U.S. factory goods rebounded more than expected in February, with shipments posting their biggest gain in seven months in a further sign the economy was regaining momentum. More >>

Asian stocks rose, with the regional benchmark index heading for its longest winning streak in 7 weeks, after an increase in U.S. manufacturing boosted optimism about growth in U.S. economy. More >> At least two Japanese utilities are in talks with a state-owned lender to secure funding, as the industry faces a third year of losses following the Fukushima disaster of 2011. More >> A sale of Australian government bonds due in 19 years, the longest maturity for outstanding debt not linked to inflation, drew the most bids at any auction in almost four months. More >>

OIL (WTI $99.31/bl, -0.30%; BRENT $104.69/bl, -0.55%): Oil fell on talks Libyan ports held up by armed protesters will resume oil shipments soon, which offset otherwise bullish supply data. More >> NATURAL GAS ($4.374/MmBtu, +2.94%): Natural gas rose as investors viewed the commodity as an attractive buy, oversold in a selloff fueled by recent forecasts for mild springtime weather. More >>

GOLD ($1291.10/oz t, +0.74%): Gold rose, ending the longest slump in 19 weeks, on speculation that demand for bars and jewelry will increase in China after futures touched a seven-week low. 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.