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Stocks Expected to Consolidate Once Data Released
A drop in oil prices caused energy stocks to drop this Wednesday, with investors also concerned about
global growth.
Inflation Contained and thus Interest Rates Can Remain Low
Interest rates can remain low well into 2015 since the consumer price index rose 0.1% in September and
many goods and services have restraints in price increases. Since inflation is contained, Fed does not
need to raise rates.
GOLD ($1,241.31/oz t, -0.83%): Gold prices fell on Wednesday after a solid U.S. inflation report confirmed
market sentiments for the Federal Reserve to close its bond-buying program this month. More >>
OIL (WTI: $80.34/bl, -2.61%; BRENT: $84.67/bl, -1.80%): Oil prices plunged on Wednesday after data
revealed U.S. inventories rose more than three times markets were expecting, stoking growing concerns
that the global market is awash in crude. More >>
NATURAL GAS ($3,661/MmBtu, -1.35%): U.S. natural gas futures traded near previous session’s 11-
month low on Wednesday, as market players monitored near-term weather forecasts. More >>
DAILY BRIEFS
European stocks advance for the second day as ABB gains
European stocks advanced, posting their biggest two-day rally in almost 16 months, as speculation on
the European Central Bank boosting stimulus outweighed some worse-than-estimated earnings reports.
GSK Q3 revenue disappoints with 3% fall to $8.9B
The pharmaceuticals company disclosed that its third-quarter revenue dropped 3% to £5.6 billion ($8.9
billion), lower than the £5.7 billion forecasted a by analysts, as a result of lower sales of its blockbuster
asthma drug Advair.
PSI-20 close session with gains for the second consecutive day
PSI-20 closed the session increasing 0.31%, benefiting from gains recorded by BCP, EDP Renováveis and
Mota-Engil, following the trend of the European Indexes.
Yields of Portuguese government bonds felt in all maturities
BCE´s program to buy “covered bonds”, on third day, reached Portuguese, Italian, French, Spanish and
German bank bonds driving down the yields of Portuguese governments bonds.
22ndOCTOBER 2014
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: +0.31% DAX30: +0.60% FTSE100: +0.43% S&P500: -0.73% NIKKEI225: +2.64%
Nikkei rallies on ECB hopes; Apple-related shares soar
Japanese stocks climbed more than 2 percent on Wednesday as the prospect of the European Central
Bank taking further action to stimulate the faltering Eurozone economy boosted investor sentiment.
Japan's exports jump but trade deficit stays high
Japan's trade shortfall has stayed stubbornly high, despite a healthy rise in exports, confounding
economists who were expecting the deficit to have reduced.