DAILY

22nd May 2013

PSI20: -0.14% DAX30: +0.19% FTSE100: +0.53% S&P500: -0.83% NIKKEI225: +1,60%
Portugal has left the rank of the 10 Economies most likely to bankrupt, where it entered in the second quarter of 2010. Government bond yields have reached 5.22%. The probability of bankruptcy is now at 22,5%. More>> PSI 20 closed with losses. Galp was the company which most pressured its fall by decreasing 0.64% and together with the big caps didnt allow the index to follow European uptrend. With an appreciation of 2.1%, ZON was the brake to the index slide. More>> Martin Schulz, president of the European parliament, has warned that revelations of tax evasion by major companies were leading to a loss of trust among the European public. More>> As EU regulators mull introducing the world's strictest bonus cap, the president of the European parliament told CNBC that the plan could put pressure on the U.S. to follow suit. More>> Cyprus faces substantial risks to its economic outlook and its recession could be deeper than forecast, its central bank governor said in a prepared speech on Wednesday. More>>

U.S. stocks fell, reversing an early rally, as concern grew that the Federal Reserve will scale back its stimulus efforts if the labor market continues to improve. More>> Sales of previously owned U.S. homes climbed in April to the highest level in more than three years even as the market remained constrained by a lack of inventory and strict borrowing rules. More>> Hewlett-Packard Co. forecast fiscal third-quarter profit that topped analysts estimates after the company cut costs to counter slumping demand for desktops and laptops. More>>

Confidence returned to most Asian stock markets on Wednesday after investors were reassured that global central banks would not pare down their economic stimulus programs. More>> BOJ ended a 2-day meeting on Wed. with a decision to leave monetary policy unchanged and a promise to monitor volatile bond markets in the wake of its radical monetary policy unveiled last month. More>> On top of a slowdown in Australia's lucrative mining sector, consumer sentiment deteriorated sharply, posing a challenge to the central bank which cut interest rates to a record low. More>>

OIL (WTI 94.20 $/bbl; -1.52% / Brent 102.45 $/bbl; -1.15%): Oil fell as a government report showed U.S. gasoline supplies unexpectedly gained and crude stockpiles declined less than expected. More>> GOLD (1363.65 $/oz t; -0.87%): Gold prices dropped after FED Chairman said monetary stimulus policies will stay in place though scale backs were possible if economic indicators improve. More>> COFFEE (128.80 $/lb; -2.96%): Coffee prices fell to the lowest level since May 2010 as traders eyed a huge harvest in top grower Brazil and speculators pushed prices lower. More>>

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