DAILY

10th September 2013

PSI20: +1.31% DAX30: +2.06% FTSE100: +0.82% S&P500: +0.73% NIKKEI225: +1.54%
OECD stated that Portuguese unemployment rate decreased 1.1 pp in the last 5 months. However, its 16.5% rate is still the third largest among OECD members. More>> As agreed since February, Sonae SGPS is now owner of 74.25% of Sonaecom after purchasing Oranges 20.25% share for 73M (1 per share). More>> PSI20 (+1.31%) overcome the psychological barrier of 6000 points, reaching 6,031.88, after tensions between US and Syria eased and positive Chinese economic data was revealed. More>> European stocks rose to their highest level in 3,5 months as Chinese economic data beat estimates and the U.S. offered to defer an attack on Syria if it complied with a Russian proposal. More>> Italian 10-year bond yields rose above those of Spain amid speculation a vote on whether to expel Silvio Berlusconi from Italys Senate will destabilize the coalition government. More>> Jaguar Land Rover unveiled plans to create 1,700 new jobs in the U.K. on Tuesday, as its CEO heralded strong global demand, in marked contrast to other, more cautious carmakers. More>>

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Stocks closed near session highs, with the S&P 500 posting its sixth-consecutive rally, following another upbeat round of data from China and as fears over an imminent strike on Syria receded. More>> Alcoa, Bank of America and HP three stalwarts of corporate America that have fallen out of favor lately with investors will be removed from the Dow, to be replaced by Goldman Sachs, Visa and Nike. More>> Apple (-2.28%) unveiled two new iPhones, including a cheaper version an updated high-end device. Shares continued to drop, as the event lacked surprise, given that many details leaked in the past few months. More>> Chinas industrial output grew at the fastest pace in 17 months in August and the broadest measure of new credit almost doubled from July. More>> Australian business confidence surged in August as firms hoped a Federal election would put an end to political uncertainty. More>> India's trade deficit narrowed to $10.9 billion in August, helped by a double digit rise in merchandise exports, provisional government data showed on Tuesday. More>>

OIL (WTI 107.22 $/bl; -1.19% / Brent 113.33 $/bl; -1.63%) and GOLD (1363.10 $/oz t; -1.70%):: Oil and gold futures fell on Tuesday after Syria accepted a Russian plan to give up control of its chemical weapons and avoid possible U.S. military strikes. More on Oil >> More on Gold >> NATURAL GAS (3.582 $/MMBtu; -0.91%): Natural gas prices fell on Tuesday after investors locked in gains from bullish weather forecasts and sold on concerns government data will show a larger-thannormal increase in stockpiles of the power-plant fuel. More >>

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