DAILY

8TH April 2014

PSI20: -1.95% DAX30: -0.21% FTSE100: -0.49% S&P500: +0.38% NIKKEI225: -1.36%
PSI20 closed in negative territory, tumbling 1.95% to 7465.32 points, and followed the trend of its European peers. The Portuguese index fell as both the banking sector and the energy sector dropped. BCP plunged 2.59%, while ESFG dove 7.94%. EDP declined 2.09% and GALP lost 2.95%. More >>

OECD data released today anticipate an improvement in the Portuguese economy, with the leading
indicator of the institution rising by the 21th consecutive month in February. In fact, it reached the highest record in seven years, surpassing the previous maximum of 2011. More >>

European stocks declined for a second day as investors weighed escalating tensions between America and Russia over the future of Eastern Europe. The STOXX Europe 600 Index slipped 0.3 percent to 333.85 at the close of trading in London. More >> Spanish industrial production rose more-than-expected last month. Instituto Nacional de Estadistica said that Spanish Industrial Production rose to 2.8%, from 1.3% in the preceding month whose figure was revised up from 1.1%. More >>

U.S. stocks climbed on Tuesday, with the Nasdaq Composite bouncing back from its worst three-day hit since 2011, as investors sought recently hammered social media and Internet shares and braced for quarterly earnings. More >> The number of positions waiting to be filled in the U.S. climbed by 299,000 to 4.17 million in February, the most since January 2008, the Labor Department reported Tuesday in Washington. The rate of hiring and the number of Americans quitting their jobs were little changed. More >>

Asian stocks fell for a second day, following the biggest three-day rout in U.S. shares in more than two months, as health-care to technology companies retreated in Japan. Chinese equities rose. More >> The BOJ voted unanimously at the end of its two-day meeting to maintain its pledge of increasing base money, its key policy gauge, at an annual pace of 60 trillion to 70 trillion yen. More >> Australian business confidence fell in March to the lowest level since September's Federal election, while business conditions rose slightly, a national business survey showed Tuesday. More >>

OIL (WTI $102.33/bl, +1.54%; BRENT $107.56/bl, +1.50%): Oil futures shot up on Tuesday on fears the Russian standoff in Ukraine may escalate, which could disrupt supply from oil-rich Russia. More >> NATURAL GAS ($4.551/MmBtu, +1.79%): Natural Gas prices jumped as updated weather-forecasting models called for cool temperatures across the central and eastern U.S. More >>

GOLD ($1310.10/oz t, +0.88%): Gold prices rose on as expectations that the minutes from the FED's March policy meeting to be released will reveal a less-than-stellar take on U.S. recovery. More >>

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