U.S. stocks pulled mostly higher on Wednesday, as Federal Reserve Chair Janet Yellen's testimony did

nothing to rattle investors and after Russian President Vladimir Putin signaled a willingness to talk on

Ukraine. More >>

In a report, the U.S. Bureau of Labor Statistics said non-farm business sector labor productivity fell by a

seasonally adjusted 1.7% in the first quarter, worse than expectations for a decline of 1%. The preceding

quarter’s figure was revised to a 2.3% gain from a previously reported increase of 1.8%. More >>

DAILY

7th May 2014

OIL (WTI: $100.86/bl, +1.05%; BRENT: $108.11/bl, +0.92%): Oil rose after a government report showed

that U.S. crude inventories dropped. More >>

NATURAL GAS ($4.743/MmBtu, -0.89%): Natural gas fell after investors locked in gains from a

weather-fueled rally and sold the commodity for profits. More >>

GOLD ($1289.90/ozt ,-1.35%): Gold fell the most in three weeks on speculation that the Federal Reserve

will further curb monetary stimulus as the U.S. economy recovers. 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 the

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

PSI20:-1.68% DAX30:+0.57% FTSE100: -0.03% S&P500: +0.56% NIKKEI225: CLOSED

Asian stocks rose, with trading volume curbed by holidays in Japan, Hong Kong and South Korea. Genting

Singapore Plc and Australia’s Leighton Holdings Ltd. climbed after reporting earnings. More >>

China’s Yuan advanced, extending its rebound from an 18-month low, on speculation declines that made

the currency Asia’s worst performer this year were excessive. More >>

Australia’s central bank left its benchmark interest rate unchanged as slowing inflation and anticipated

cuts to government spending give policy makers room to support economic growth. More >>

European equities inched higher on Wednesday as positive company earnings narrowly outweighed a

sharp fall in Fiat shares over scepticism about its new business plan. The FTSEurofirst 300 index of top

European shares ended 0.1% up at 1,344.65 points. More >>

German factory orders fell unexpectedly last month, official data showed on Wednesday.

Bundesministerium für Wirtschaft und Technologie said that German factory orders fell to a seasonally

adjusted -2.8%, from 0.9% in the preceding month. More >>

The Lisbon Stock Exchange closed the session on Wednesday, May 7, losing ground, leading slides across

Europe. The financial sector and Portugal Telecom pressured the benchmark. The PSI-20 ended at

7425.55 points, declining 1.68%. More >>

The Portuguese economy is expected to grow 1.4% this year and 1.6% in 2015, above all official forecasts

and the Eurozone average, anticipates the U.S. bank Morgan Stanley. Optimism is based on the impact of

structural reforms that have reached significant "critical mass". More >>