DAILY

19th September 2013

PSI20: +0.16% DAX30: +0.67% FTSE100: +1.01% S&P500: -0.18% NIKKEI225: +1.80%
PSI 20 rose, after registering a bad performance throughout the day, due to Federal Reserves decision on Wednesday of keeping its quantitative easing program. More >> Portuguese treasury yields fell, despite S&Ps decision on Wednesday of changing the outlook of the Portuguese rating to negative. More >> During Q2, Portuguese labor productivity increased 0.3% QOQ, growing less than in the previous quarter (1.8%) and staying below the levels of the OECD and the Euro Area. More >> European stocks rose to the highest level in more than five years as the Federal Reserve unexpectedly decided against slowing the pace of its monthly bond purchases. More>> Economic differences between the euro zones core and periphery are their most marked in over 10 years, according to a new report, and look set to widen as the regions nascent recovery takes hold. More>> Armenia prepared its first international bond sale as emerging-market issuers from Turkey to Colombia took advantage of plunging yields triggered by Feds surprise move to keep stimulus intact . More>>

Stocks closed near session lows, with the Dow and S&P500 easing off their all-time highs, as investors largely shrugged off a batch of upbeat economic reports and after the Fed surprised the markets by maintaining its bond-buying program. More>> U.S. home resales hit a 6-1/2 year high in August as buyers flocked back to the market to lock in cheap borrowing costs amid rising mortgage rates, a signal of continued strength in the housing market recovery. More>>

Emerging markets led the gains with Indonesia's Jakarta Composite up 4.5% following an earlier 7% surge, Philippine's PSE Composite rose 3% and Indian stocks added over 2%. More>> The Feds decision to postpone its rollback of U.S. stimulus offered Asian policy makers extra time to address domestic economic fragilities as the region copes with diminished capital inflows. More>> Japans exports rose the most since 2010 in August, boosting Prime Minister S hinzo Abes growth drive even as rising energy costs extended the streak of trade deficits to the longest since 1980. More>>

OIL (WTI 105.80 $/bl; -1.64% / Brent 108.81 $/bl; -1.69%): Oil fell for the fourth time in five days as Libyas oil output increased and Syrian President Bashar al-Assad said he will provide international inspectors access to chemical weapons facilities. More>> SUGAR (17.23 $/lb; +1.89%), COCOA (2629.50 $/ton; +0.47%) and COFFEE (115.83 $/lb; +1.00%): Sugar, cocoa and coffee advanced after the Federal Reserve said yesterday it will keep bond purchases to stimulate economic growth in the U.S., sending raw materials into a rally. More>>

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