aDAILY 

2nd October 2013

 

OIL (WTI 103.84 $/bl; +2.18% / Brent 109.09 $/bl; +1.30%): Oil prices rose after TransCanada Corp. said it

expects to complete work of its Keystone pipeline expansion by the end of October.  More>> 

 GOLD (1316.90 $/oz t; +2.20%): Gold had biggest gain in almost two weeks on speculation that Fed will

delay reducing fiscal stimulus amid U.S. government shutdown, stoking demand for the metal. More >> 

 NATURAL GAS (3.538 $/MMBtu; -1.53%): Profit takers sent natural gas prices falling even as weather

forecasting models predicted a possible tropical storm forming in the Gulf of Mexico.  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

whims of its volunteer contributors. FEP Finance Club is not responsible for any imprecision or error in the content of any news.

PSI20: +0.93% DAX30: -0.69%  FTSE100: -0.35% S&P500: -0.07% NIKKEI225: -2.17% 

 Asian stocks outside Japan rose as investors speculated economic effects would be limited from the first

partial U.S. government shutdown in 17 years. 

More>> 

 The Asian Development Bank lowered its growth forecasts for emerging nations in the region on

Wednesday and called for more structural changes to support the local economies. 

More>> 

 Japanese Prime Minister Shinzo Abe’s reflation campaign shifted to structural domestic reforms after he

unveiled a stimulus package offering a short-term cushion for the first sales-tax rise since 1997. More>> 

 Stocks eased off their lows buts still closed in the red, amid mounting worries that the ongoing budget

battle in Washington could eventually lead to a failure to raise the country's borrowing limit.  More>> 

 

U.S. non-farm private employment rose less-than-expected in Sep., fuelling concerns over the U.S. labor

market. Non-farm private employment rose by a seasonally adjusted 166,000 in Sep.  More>> 

 A U.S. government shutdown will immediately slow approval of thousands of mortgages. If it lasts more

than a week, it threatens housing and the broader economic recovery.  More>> 

 European stocks declined the most in more than a month as the shutdown of the U.S. federal

government entered its second day.  More>> 

 European Union attempts to win exemptions from U.S. rules for swaps trading platforms that take effect

today have been hampered by the partial shutdown of the American government. More>> 

 The euro rose to eight-month highs against the dollar after Italy’s PM survived a confidence vote, while

comments by European Central Bank President Mario Draghi also boosted the single currency.  More>> 

 PSI 20 registered the highest volume in more than a year and rose almost 1%, ignoring the negative

trend of the remaining European stock markets, with the exception the Italian one, after a merger

between Portugal Telecom and the Brazilian Oi was announced.  More >> 

 Portugal Telecom shot up, increasing 22%, immediately after the announcement of its merger with Oi.

However, these gains were reduced during the trading hours that followed, with the company yielding a

6.5% daily return. More >>