US Indexes Rise Due to Manufacturing Data

US stocks rose today as many as manufacturing data earnings surpassed analysts expectations. Strong
earnings report, a strengthening European economy and fewer unemployment applications are boosting
investor confidence.

Amazon Reports huge Quarter losses
Amazon reports a third quarter loss, and its sales guidance for the 4
th
quarter is $2 billion below analysts
most pessimistic estimate!




GOLD ($1,232.60/oz t, -1.04%): Gold prices fell on Thursday after a cheery report on U.S. weekly jobless
claims coupled with upbeat earnings sparked demand for risk on asset classes such as stocks. More >>

OIL (WTI: $81.78/bl, +1.57%; BRENT: $86.72/bl, +2.38%): Oil prices shot up on Thursday on news that
Saudi Arabia trimmed output in September to support the market, while upbeat U.S. data and earnings
boosted prices by stoking hopes for a more robust U.S. recovery. More >>

NATURAL GAS ($3,647/MmBtu, -0.33%): Natural gas prices moved lower on Thursday on expectations
that mild autumn temperatures will hold across much of the U.S. and curb demand. More >>
DAILY BRIEFS
Europe closes higher with earnings in focus
European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of
worries over lackluster corporate earnings.

Tesco shares slump after raised profit error
Tesco shares fell another 6 per cent after the supermarket chain announced a profit fall of more than 90
per cent and a near 5 per cent dip in like-for-like sales.

For the third consecutive day PSI-20 rises, today supported by PT gains.
PSI-20 closed the session increasing 0.52%, benefiting from gains recorded by Portugal Telecom,
following the trend of the European Indexes, mainly due to some economic data disclosure.
Portuguese companies are confident about economic growth
The barometer of business trips of 2014 in which more than 300 Portuguese companies were surveyed by
American Express and Travelstore, indicates that Portuguese companies are more confident about the
next year.

23
rd
OCTOBER 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: +0.52% DAX30: +1.20% FTSE100: +0.30% S&P500: 1.23% NIKKEI225: -0.37%
Asian markets threat water after China data
Bourses in Asia Pacific barely blinked after data showed Chinese factory growth ticked up slightly.

Shanghai Composite leads losses in Asia after China PMI
Asian equities declined on Thursday as investors focused on key Chinese manufacturing data and sliding
oil prices.