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    Daily 29.01.2014

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    - The PSI20 Index in Portugal declined 0.23% along with other European indexes, as yields on Portuguese government bonds increased due to concerns about emerging market currencies. - European stocks fell to six-week lows ahead of a policy announcement from the US Federal Reserve, while emerging market turmoil threatened revenues for European carmakers. - US stocks finished sharply lower after the Fed opted to continue reducing monthly bond purchases, while Asian stocks rose as Turkey raised interest rates to support its currency.

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    Daily 29.01.2014

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    - The PSI20 Index in Portugal declined 0.23% along with other European indexes, as yields on Portuguese government bonds increased due to concerns about emerging market currencies. - European stocks fell to six-week lows ahead of a policy announcement from the US Federal Reserve, while emerging market turmoil threatened revenues for European carmakers. - US stocks finished sharply lower after the Fed opted to continue reducing monthly bond purchases, while Asian stocks rose as Turkey raised interest rates to support its currency.

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    - The PSI20 Index in Portugal declined 0.23% along with other European indexes, as yields on Portuguese government bonds increased due to concerns about emerging market currencies. - European stocks fell to six-week lows ahead of a policy announcement from the US Federal Reserve, while emerging market turmoil threatened revenues for European carmakers. - US stocks finished sharply lower after the Fed opted to continue reducing monthly bond purchases, while Asian stocks rose as Turkey raised interest rates to support its currency.

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    Download as PDF, TXT or read online from Scribd
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    25 views1 page

    Daily 29.01.2014

    Uploaded by

    FEPFinanceClub
    - The PSI20 Index in Portugal declined 0.23% along with other European indexes, as yields on Portuguese government bonds increased due to concerns about emerging market currencies. - European stocks fell to six-week lows ahead of a policy announcement from the US Federal Reserve, while emerging market turmoil threatened revenues for European carmakers. - US stocks finished sharply lower after the Fed opted to continue reducing monthly bond purchases, while Asian stocks rose as Turkey raised interest rates to support its currency.

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    of 1

    DAILY

    29TH January 2014


    PSI20: -0.23% DAX30: -0.75% FTSE100: -0.43% S&P500: -1.02% NIKKEI225: +2.70%
    The PSI20 Index followed the European Indexes downward trend and declined 0.23%, in a highly volatile Wednesday trading session. BES and Portugal Telecom were the biggest losers of the day after a drop of more than 2%, while BPI, the top gainer, advanced more than 3%.More >> The Portuguese 2-year debt yield increased to 5.58%, the 5-year debt yield climbed 4 b.p. to 4.19%, while the 10-year Government bonds yield topped 5.15%. This increase was primarily due to the emerging countries' currency crisis that is leading investors to reduce their exposure to riskier assets. More >> European equities closed at six-week lows on Wednesday, as global markets awaited a policy announcement by the U.S. Federal Reserve. More >> European stocks fell, as automakers and retailers declined, and the Turkish central banks interest rate increases failed to support emerging-market currencies. More >> Emerging markets rout threats key revenue sources for Europe's car makers and other global companies of EuroSTOXX 50 index that make around a third of their sales in emerging economies. More >>

    U.S. stocks finished steeply lower on Wednesday, wiping out the prior day's gains and more, as the Fed opted to stick with its plan to continue to reduce its monthly bond purchases. More >> Facebook Inc. reported fourth-quarter revenue that beat analysts estimates as mobile-advertising sales on the worlds largest social network surpassed those of desktop promotions for the first time. More >> There might be more help wanted ads for positions in financial services this year. But they'll likely be far from the so-called glory days before the financial crisis. More >>

    Asian stocks rose for the first time in five days, after Turkeys central bank more than doubled interest rates to arrest a currency slide that roiled global markets. More >> South Koreas won rallied the most in four months after reports showed the annual current-account surplus widened to a record and factory output beat estimates. More >> Japans currency weakened for a third day versus the dollar before the Federal Reserve ends a two-day meeting amid forecasts it will reduce stimulus that has devalued the greenback. More >>

    NATURAL GAS ($5.473/MmBtu; +12.34%): Natural gas futures posted strong gains amid expectations of cold air in the U.S. their subsequent toll on the country's inventories. More >> OIL (WTI $97.39/bl; +0.28% / Brent $107.71/bl; +0.25%): Oil prices Crude softened on disappointing U.S. inventory report. More >> GOLD ($1267.20/oz t; +1.17%): Gold prices rose increased demand due to turbulence in emerging markets, though gains were muted ahead of the FED's announcement on monetary policy. 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.

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