DAILY

14thOctober 2013
PSI20: +0.98% DAX30:-0.01% FTSE100: +0.32% S&P500: +0,41% NIKKEI225: CLOSED
Portuguese stock market closed higher this Monday, contradicting the trend of some European markets. PT (+4.02%), EDP (+1.72%) and GALP (+0.72%) were crucial to this positive performance. More >> The Secretary of State for Fiscal Affairs, Paulo Nncio, announced a reduction of 2 percentage points (from 25% to 23%) of the CIT, for the next year, and a subsequent decrease to 17% in 2016. More >> According to recent statistics from Eurostat, Portuguese Industrial production rose 8% in August month-over-month, registering the highest increase in Europe. More >> European equities closed mixed on Monday after talks in Washington over the weekend failed to produce a budget deal, and the deadline to raise the U.S. debt ceiling grew closer. More >> Industrial production in the euro zone rose more-than-expected in August, easing concerns over the outlook for economic growth in the single currency bloc. More >> Shares of PSA Peugeot Citroen plummeted over 10 percent on Monday, on reports the company was planning a 3 billion euro ($4.1 billion) rights issue. More >> Stocks ended near session highs in choppy trading Monday, with the Dow and S&P 500 closing in positive territory for the fourth-straight session, as investors remained encouraged by signs of progress in the budget deal. More >> Netflix advanced 7.82 percent, with its shares more than tripling this year, for the best performance of any S&P 500 stock. The company is in talks to add its application to the set-top boxes of U.S. cable-television operators. More >>

Asian stocks were mixed after the latest U.S. budget talks failed to produce a solution to the budget impasse while Shanghai outperformed on the back of a strong inflation report. More>> China's annual consumer inflation crept up to a seven-month high of 3.1 percent in September from 2.6 percent in August limiting the scope for the central bank to maneuver to support the economy. More>> Indian inflation unexpectedly accelerated to a seven-month high in September, adding to the case for a further increase in the benchmark interest rate. More>>

OIL (WTI 102.22$/bl; +0.75% / Brent 110.16$/bl; +0.12%): Oil prices ended higher as traders covered short positions in the event that U.S. politicians reach a deal to fund the government. More>> COPPER (3.298$/lb; +1.27%): Copper futures rose for the third straight session after imports jumped to an 18-month high in China, the worlds biggest user of the metal. More >> COCOA (2712$/ton; -1.20%): Cocoa declined for the first time in three sessions on signs of weaker demand after bean processing declined last quarter in Malaysia, the largest grinder in Asia. More >>

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